Reduction of Capital

Dowlais Group PLC

10 August 2023

 

10 August 2023

DOWLAIS GROUP PLC

Reduction of Capital

Dowlais Group plc (the "Company") is pleased to announce that, following formal approval by the High Court of Justice (the "Court") of the cancellation of the entire amount standing to the credit of the Company's share premium account (the "Capital Reduction") on 1 August 2023, the order of the Court confirming the Capital Reduction and statement of capital approved by the Court were registered with the Registrar of Companies on 10 August 2023 and the Capital Reduction has become effective. 

Details of the Capital Reduction, the purpose of which was to create distributable reserves, were set out in the prospectus published by the Company on 3 March 2023 for the admission of the issued share capital of the Company to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's main market for listed securities, and the Capital Reduction was approved by shareholders at a general meeting of the Company on 28 February 2023.

Following the Capital Reduction, the issued share capital of the Company has not changed and consists of 1,393,273,527 ordinary shares of £0.01 each.

Enquiries:

John Nicholson

General Counsel and Company Secretary

[phone]

LEI Number: 213800XM8WOFLY6VPC92

 

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