Bonhill Group PLC Completion of Capital Reduction (2828Y)
08 May 2019 - 4:00PM
UK Regulatory
TIDMBONH
RNS Number : 2828Y
Bonhill Group PLC
08 May 2019
8 May 2019
Bonhill Group plc
("Bonhill" or the "Company")
Completion of Capital Reduction
Bonhill (AIM: BONH), a leading B2B media business specialising
in three key areas: Business Information, Live Events and Data
& Insight, is pleased to announce that, further to its
announcements on 25 March 2019 and 9 April 2019, the Capital
Reduction was approved yesterday by the Court. The Court Order
confirming the Capital Reduction, and a statement of capital
approved by the Court, were then registered with the Registrar of
Companies and, accordingly, the Capital Reduction is now
effective.
The purpose of the Capital Reduction is to create distributable
reserves, which will allow the Company to pay dividends in the
future. It has been effected by cancelling the balances standing to
the credit of the Company's share premium account and capital
redemption reserve.
There is no change in the number of the Company's Ordinary
Shares in issue, or their nominal value, as a result of the Capital
Reduction, which was described in the Circular sent to Shareholders
on 25 March 2019 and approved by Shareholders at the General
Meeting held on 9 April 2019.
Capitalised terms used herein have the same meanings as set out
in the Circular, which is available at the Company's website
(www.bonhillplc.com).
-ends-
For further enquiries please contact:
Bonhill Group plc
Simon Stilwell, Chief Executive
David Brown, Group Finance Director +44 (0)20 7250 7035
Stockdale Securities Limited (Nominated
Adviser and Joint Broker)
Tom Griffiths
David Coaten +44 (0)20 7601 6100
Canaccord Genuity Limited (Joint Broker)
Bobbie Hilliam
Adam James
Georgina McCooke +44 (0)20 7523 8000
Belvedere Communications (Financial PR)
John West
Kim van Beeck +44 (0)20 3687 2757
About Bonhill Group plc
Bonhill Group plc is an AIM-quoted leading B2B media business
specialising in three key areas: Business Information, Live Events
and Data & Insight in three key sectors: Technology, Financial
Services and Diversity. Bonhill's ambition is to create content
that informs, communities that engage and brands that inspire in
order to enable a better business environment for our sponsors and
clients.
Flagship titles include: InvestmentNews, SmallBusiness.co.uk,
Growth Company Investor, Information Age, GrowthBusiness.co.uk and
What Investment. Bonhill is also responsible for a growing
portfolio of high-profile events, including The Quoted Company
Awards, Women in IT Awards Global Series, Women in Finance Awards
Global Series, British Small Business Awards, Women Advisor Summit,
Women to Watch, Diversity & Inclusion Summit and Retirement
Income Summit, amongst others.
For more information visit www.bonhillplc.com
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END
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