SysGroup PLC Capital Reduction Effective (3027G)
04 August 2016 - 11:36PM
UK Regulatory
TIDMSYS
RNS Number : 3027G
SysGroup PLC
04 August 2016
SysGroup plc
("SysGroup" or the "Company" or the "Group")
Capital Reduction Effective
SysGroup is pleased to announce that, further to its
announcements on 15 June and 5 July 2016, the cancellation of the
Company's share premium account has today became effective
following registration of the court order confirming the capital
reduction by the Registrar of Companies at Companies House.
As a result the paid up amount on each ordinary share has been
reduced by GBP0.19 (19 pence) altering the nominal value of each
ordinary share to GBP0.01 (1 penny). In addition, the Company now
has positive distributable reserves and is therefore in a position
to be able to pay dividends in future, should it be appropriate to
do so.
For further information please contact:
SysGroup plc Tel: 0151 559
Chris Evans, Chief Executive 1777
Shore Capital (Nomad Tel: 020 7408
and Broker) 4090
Bidhi Bhoma / Edward
Mansfield
Newgate Communications Tel: 020 7653
Bob Huxford / Adam Lloyd 9848
/ Ed Treadwell
About SysGroup
SysGroup is a leading provider of Cloud Hosting, Managed
Services and expert IT Consultancy. The Group delivers solutions
that ensure clients understand and benefit from industry-leading
technologies and advanced hosting capabilities. The SysGroup team
focuses on a customer's strategic and operational requirements -
enabling them to free up resources, grow their core business and
avoid the distractions and complexity of delivering IT
services.
The Group has offices in Liverpool, Coventry, London and East
Sussex.
For more information, visit http://www.sysgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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