Premier Veterinary Group PLC Capital Reduction (0706I)
25 August 2016 - 2:16AM
UK Regulatory
TIDMPVG
RNS Number : 0706I
Premier Veterinary Group PLC
24 August 2016
PREMIER VETERINARY GROUP PLC
("PVG" or the "Company")
Capital Reduction
Premier Veterinary Group plc announces that, further to a
resolution passed by Shareholders at the Annual General Meeting
held on 23 March 2016, in order to facilitate the proposed
reduction of PVG's share capital (the "Capital Reduction"), full
details of which were set out in the Notice of Annual General
Meeting dated 28 January 2016 (the "Notice"), the Company has today
issued and allotted 1,690,315 deferred shares of 90 pence each (the
"Deferred Shares") to Sue Steven, the Secretary of the Company.
The deferred shares do not entitle holders to receive notice of
or attend and vote at any general meeting of the Company or to
receive a dividend or other distribution or to participate in any
return on capital on a winding up other than the nominal amount
paid on such shares following a substantial distribution to the
holders of ordinary shares in the Company. Accordingly, the
deferred shares are, for all practical purposes, valueless.
As set out in the Notice, the share capital of the Company will
be reduced by cancelling and extinguishing both the Deferred Shares
together with all other deferred shares of 90 pence each in the
capital of the Company on 30 August 2016.
The Company is in the process of making an application to the
High Court of Justice, Chancery Division, for approval for the
reduction of PVG's share capital and cancellation of the entire
amount standing to the credit of the Company's share premium
account.
A further announcement will be issued in due course.
For further information, please contact:
Premier Veterinary Group plc Tel: +44 (0)117 970 4130
Dominic Tonner, Chief Executive Officer
Daniel Smith, Chief Financial Officer
Zeus Capital Limited Tel: +44 (0)203 829 5000
Giles Balleny, Director, Corporate Finance
Hugh Kingsmill Moore, Director, Sales
Square1 Consulting Tel: +44 (0)207 929 5599
David Bick/Brian Alexander
This information is provided by RNS
The company news service from the London Stock Exchange
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