RNS Number : 1236C Gordon Dadds Group PLC 17 January 2018
17 January 2018
Gordon Dadds Group plc
("Gordon Dadds" or the "Group")
Reduction of share capital completed
Gordon Dadds Group plc (AIM: GOR), the acquisitive London-based legal and professional services business, is pleased to announce that the share capital reduction and cancellation of the share premium account, approved by shareholders in August 2017, have been confirmed by the High Court of Justice in England and Wales and, following the lodging of that confirmation with the Registrar of Companies, are now effective. Accordingly, the share premium account of Gordon Dadds has been cancelled and the deferred shares which arose on the capital reorganisation in August 2017 have been cancelled.
This leaves positive distributable reserves on Gordon Dadds' balance sheet from which dividends may be paid. It continues to be the Directors' intention to declare a dividend in respect of the current financial year at the time of announcing the Group's final results for the year to 31 March 2018.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gordon Dadds Group plc Via Newgate
Adrian Biles, Chief Executive Officer
Christopher Yates, Chief Financial Officer
Arden Partners, Nominated Adviser and +44 (0) 20 7614 5900 broker to the Company
John Llewellyn-Lloyd
Ciaran Walsh
Newgate Communications
+44 (0) 20 7680 6550
Adam Lloyd
Email:gordondadds@newgatecomms.com
James Ash
This information is provided by RNS
The company news service from the London Stock Exchange
END
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Gordon Dadds Group plc published this content on 17 January 2018 and is solely responsible for the information contained herein.
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