17 Sep 2014 14:13
United Carpets Group plc
Court confirmation of Capital Reduction
United Carpets Group plc ("the Group" or "the Company" or "United Carpets"), the second largest chain of specialist retail carpet and floor covering stores in the UK, is pleased to announce that the High Court has confirmed the reduction of the Company's issued share capital and cancellation of its share premium account.
Details of the Capital Reduction were set out in the circular to Shareholders dated 24 July 2014 and the proposal was approved by Shareholders at the General Meeting held on 20 August 2014.
The order and the statement of capital approved by the Court at a hearing in the High Court on 17 September 2014, were produced to the Registrar of Companies and registered today, making the capital reduction effective.
The Company confirms that, following the capital reduction, the total number of ordinary shares of 1p each in the capital of the Company in issue as at 17 September 2014 is 81,400,000 with each share carrying the right to one vote.
Enquiries:
United Carpets Group plc Paul Eyre, Chief Executive Ian Bowness, Finance Director
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01709 732 666
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Novella Communications Ltd Tim Robertson Ben Heath | 020 3151 7008 |
Cantor Fitzgerald Europe Mark Percy / Catherine Leftley (Corporate Finance) David Banks / Paul Jewell (Corporate Broking) |
020 7894 7000 |