Capital Reduction

RNS Number : 9344L

Terrace Hill Group PLC

10 September 2012

 



Terrace Hill Group PLC

Capital Reduction confirmed by Court of Session

10 September 2012

Further to the General Meeting of Terrace Hill Group PLC held on Thursday 2 August 2012, at which the resolution set out in the Notice of Meeting dated 13 July 2012 to reduce the Company's share premium account by £25.0 million was passed unanimously by Shareholders, the resolution was confirmed by an Order of the Court of Session in Edinburgh on 7 September 2012.  The Order was registered pursuant to section 649 of the Companies Act 2006 on 10 September 2012.

This completes the capital reduction.

-Ends-

For further information, please visit www.terracehill.co.ukor contact:

Oriel Securities (Nominated Adviser):                                                                            Tel: [phone]

Gareth Price/Mark Young

Terrace Hill Group PLC                                                                                                        Tel. [phone]

Philip Leech/Jon Austen

Notes to editors:

Terrace Hill Group

Terrace Hill Group PLC is a regionally based UK property development and investment group quoted on AIM.  Formed in 1986, the Company has five offices located in London, Glasgow, Teesside, Bristol and Manchester.

 

END

 

 

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