Stadium Group PLC Confirmation of Capital Reduction (0003X)
16 February 2017 - 2:18AM
UK Regulatory
TIDMSDM
RNS Number : 0003X
Stadium Group PLC
15 February 2017
Stadium Group plc
("Stadium" or the "Company")
Confirmation of Capital Reduction
Stadium (AIM: SDM), a leading supplier of wireless solutions,
power supplies and electronic assemblies, announces that on 15
February 2017 the Court granted an order approving the reduction of
the Company's share premium account (the "Capital Reduction"), as
approved by shareholders on 19 January 2017. The Company has filed
this order with the Registrar of Companies and it is therefore now
effective as at 15 February 2017. The purpose of the Capital
Reduction is to create additional distributable reserves which will
provide the Company with further flexibility in relation to the
payment of future dividends.
Further details of the Capital Reduction can be found in the
circular dated 3 January 2017 which is available free of charge
from the Company's website:
http://www.stadiumgroupplc.com/investors/regulatory-news/reports-results/.
For further information please contact:
Stadium Group plc www.stadiumgroupplc.com
Charlie Peppiatt, Chief Tel: 0118 931 1199
Executive Officer
Andrew Tonks, Interim
Finance Director
Walbrook PR Tel: 020 7933 8780 or stadium@walbrookpr.com
Paul McManus Mob: 07980 541 893
Helen Cresswell Mob: 07841 917 679
N+1 Singer Tel: 020 7496 3000
Richard Lindley
James White
About Stadium Group plc (www.stadiumgroupplc.com)
Stadium Group plc is a leading supplier of wireless solutions,
power supplies and electronic assemblies with design and
manufacturing operations in Europe and Asia. The Company consists
of two divisions:
1. Technology Products (57% of H1 2016 revenues)
-- Wireless solutions - design, integration and manufacture of
"machine-to-machine" ("M2M") and "Internet of Things" ("IoT")
wireless solutions
-- Power Supplies (including Stontronics) - custom and standard
power product solutions from 1W to 10kW
-- Human Machine Interface - intelligent "HMI" integrated solutions
2. Electronic Assembly (43% of H1 2016 revenues) - previously
known as Electronic Manufacturing Services
-- Electronic manufacturing services to global original equipment manufacturers
This information is provided by RNS
The company news service from the London Stock Exchange
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