Thruvision Group PLC Capital Reduction Effective (7903M)
02 May 2018 - 12:53AM
UK Regulatory
TIDMTHRU
RNS Number : 7903M
Thruvision Group PLC
01 May 2018
1 May 2018
Thruvision Group plc
("Thruvision")
Capital Reduction Effective
Thruvision (AIM: THRU) the specialist provider of
people-screening technology to the international security market,
announces that the High Court has approved the cancellation of the
share premium account and the capital redemption reserve of the
Company (the "Capital Reduction"). Following approval by
shareholders and the approval of the High Court and the subsequent
registration of the Court order with the Registrar of Companies,
the Capital Reduction has now become effective. As a consequence of
the Capital Reduction the sums of GBP109,078,000 standing to the
credit of the share premium account of the Company and GBP4,786,000
standing to the credit of the capital redemption reserve of the
Company were cancelled thereby creating distributable reserves.
The Capital Reduction has no effect on the overall net asset
position of the Company.
Details of the Capital Reduction proposals were contained in the
Notice for the General Meeting, dated 12 March 2018, and were
approved by shareholders at the Company's General Meeting on 28
March 2018.
For further information please contact:
Thruvision Group plc +44 (0)20 3553 5888
Tom Black, Executive Chairman
Colin Evans, Managing Director
Investec Bank plc +44 (0)20 7597 5970
Andrew Pinder / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon / Harry Staight
About Thruvision
Thruvision Group plc is a specialist provider of
people-screening technology that can detect weapons, explosives and
contraband hidden under clothing. Developed with extensive support
from the British and US Governments, Thruvision technology is
operationally proven and is being used to enhance the security of
transport hubs, borders, high profile buildings and public
areas.
www.thruvision.com
This information is provided by RNS
The company news service from the London Stock Exchange
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