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Confirmation of Reduction of Capital Exercise

28 Jun 2017 17:30

RNS Number : 4875J
Ten Entertainment Group PLC
28 June 2017
 

28 June 2017

 

 Ten Entertainment Group plc

 

(the "Company") 

 

Confirmation of Reduction of Capital Exercise

 

 

The Company is pleased to confirm that it has today received the confirmation of the High Court in London approving a reduction of the Company's capital ("Capital Reduction"), following receipt of shareholder approval at the Company's general meeting on 7 June 2017. 

 

The completion of the Capital Reduction has resulted in an increase in the distributable reserves of the Company of approximately £38.2m from the Company's merger reserve.

 

The increase in the Company's distributable reserves will support future dividend payments.

 

 

For further information please contact:

 

Ten Entertainment Group plc

Alan Hand, Chief Executive Officer

Mark Willis, Chief Financial Officer

 

via Instinctif Partners

Instinctif Partners

Matthew Smallwood

Guy Scarborough

020 7457 2020

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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