Harbour Energy PLC Capital Reduction effective (8211U)
03 Août 2022 - 3:53PM
UK Regulatory
TIDMHBR
RNS Number : 8211U
Harbour Energy PLC
03 August 2022
HARBOUR ENERGY PLC
("Harbour" or the "Company")
Capital Reduction effective
3 August 2022
Harbour announces that the Capital Reduction, comprising the
Share Premium Reduction and the Merger Reserve Reduction approved
by shareholders at the General Meeting held on 11 May 2022, is now
effective. This follows the confirmation of the Capital Reduction
by the Court of Session, Edinburgh on 2 August 2022 and the
registration of the Court order with the Registrar of Companies in
Scotland on 3 August 2022.
The Capital Reduction creates additional distributable reserves
to the value of US$6,310,960,275. This provides the Company with
further flexibility to deliver shareholder returns over the coming
years either in the form of dividends and/or share buybacks.
Terms used but not defined in this announcement are as defined
in the Company's announcement of 13 April 2022.
Enquiries
Harbour Energy plc +44(0)20 7730 1111
Rachel Rickard, Company Secretariat
Elizabeth Brooks, Head of Investor Relations
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