Touchstar PLC Completion of Capital Reorganisation (8074D)
11 July 2016 - 9:00PM
UK Regulatory
TIDMTST
RNS Number : 8074D
Touchstar PLC
11 July 2016
11 July 2016
Touchstar plc
Completion of Capital Reorganisation
The Board of Touchstar plc ((AIM:TST) 'Touchstar', the 'Company'
or 'the Group'), specialists in real time data capture and mobile
computing solutions for the retail, logistics and transportation
sector is pleased to announce that it has received approval from
the Scottish Court to the reduction of the Company's share capital
(the "Capital Reduction"). The principal purpose of the Capital
Reduction, (details of which were set out in the Circular to
shareholders dated 28 April 2016) is to create realised profits
sufficient to eliminate the accrued deficit on the Company's profit
and loss account.
Following registration of the Court order at Companies House,
the Capital Reduction took effect on 1 July 2016. The Company has
given certain undertakings to the Court in relation to the reserve
arising on the Capital Reduction for the protection of the
Company's creditors at the date on which the Capital Reduction took
effect.
For further information please contact:
Touchstar plc Ian Martin 01274 741860
Mark Hardy 01274 741860
WH Ireland - Nominated Mike Coe/Ed 0117 945
Adviser Allsopp 3472
WH Ireland - Investor 0113 394
Relations Jessica Metcalf 6623
Information on Touchstar plc can be seen at:
www.touchstarplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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