Baronsmead Venture Trust PLC Cancellation of Share Premium Account (3527R)
21 September 2017 - 2:35AM
UK Regulatory
TIDMBVT
RNS Number : 3527R
Baronsmead Venture Trust PLC
20 September 2017
20 September 2017
BARONSMEAD VENTURE TRUST PLC
Cancellation of Share Premium Account and Utilisation of Special
Reserve
Baronsmead Venture Trust plc (the "Company") announces that
earlier today the High Court confirmed the cancellation of the
share premium account in accordance with the special resolution
passed on 14 February 2017.
The special resolution authorised the Directors to apply to the
High Court for an order to cancel the Company's share premium
account, and to enable the application of the resulting
distributable capital reserve to be applied in any manner in which
the Company's profits available for distribution are to be
applied.
The High Court has confirmed that the Company's special reserve
can be applied in any manner in which the Company's profits
available for distribution are to be applied.
For further information please contact:
Michael Probin
VCT Investor Relations Director
Telephone: 020 7506 5796
This information is provided by RNS
The company news service from the London Stock Exchange
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