Outcome of Court Hearing on Reduction of Capital

Summary by AI BETAClose X

Auction Technology Group PLC has announced the successful outcome of its court hearing regarding a capital reduction, specifically the cancellation of its share premium account. This proposal, previously approved by shareholders on January 22, 2026, received formal approval from the High Court of Justice of England and Wales yesterday. The company will shortly submit the Court order and an associated statement of capital to the Registrar of Companies, at which point the capital reduction will officially become effective.

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