RGD Real Good Food Plc

TIDMRGD

RNS Number : 3471X

Real Good Food PLC

05 May 2016

Real Good Food plc

("the Company" or "Real Good Food")

Capital Cancellation

The Company is pleased to announce that the High Court has approved the cancellation of the balance standing to the credit of the Company's share premium account (the "Capital Cancellation"). As a consequence of the Capital Cancellation GBP71,271,555.22 standing to the credit of the Company's share premium account was cancelled. This will facilitate any share buyback or payment of dividends that the Board of the Company may in the future recommend by creating a reserve of an equivalent amount that, subject to certain creditor protection undertakings, will form part of a distributable reserve.

The Capital Cancellation has no effect on the overall net asset position of the Company.

The Capital Cancellation proposals were contained in the Company's shareholder circular dated 29 February 2016 and approved by shareholders at the Company's General Meeting on 24 March 2016.

-ENDS-

Enquiries:

 
 Real Good Food plc         Tel: 020 3857 3900 
 Pieter Totté, 
  Executive Chairman 
 David Newman, Finance 
  Director 
 Andrew Brown, Marketing 
  Director 
 
 finnCap Limited (Nomad     Tel: 020 7220 0500 
  and Joint Broker) 
 Matt Goode 
 Grant Bergman 
 
 Daniel Stewart and         Tel: 020 7776 6550 
  Company Plc (Joint 
  Broker) 
 Martin Lampshire 
 
 Belvedere Communications   Tel: 020 3567 0510 
  (PR) 
 John West 
 Kim van Beeck 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CARUGUCAAUPQURA

(END) Dow Jones Newswires

May 05, 2016 04:56 ET (08:56 GMT)

Real Good Food (LSE:RGD)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024

Real Good Food (LSE:RGD)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024