28 Jun 2017 17:30
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 |
TEG.L (TEG)