News and Views

RNS Number : 2538S
W.H. Ireland Group PLC
28 November 2012
 



 

Press release

28 November  2012

 

WH Ireland Group plc

 

(“WH Ireland” or the “Company”)

 

Capital Reduction becomes effective

 

Following the announcements made by WH Ireland on 22 October 2012 and 08 November 2012 relating to the proposal to create distributable reserves in the Company by cancelling the amount standing to the credit of its share premium account (the “Capital Reduction”), WH Ireland is pleased to announce that a Court order approving the Capital Reduction was approved on 28 November 2012 and will become effective when it is registered by the Registrar of Companies in England and Wales, expected to occur on or before 30 November 2012.

Paul Compton, Chief Executive, said:

“I am delighted that we have completed this capital restructuring which will be reflected in our 2012 year end results.  This restructuring allows WH Ireland, at a time of our choosing, to return to the dividend list and / or initiate share buy back programmes, thereby improving the future return to our investors.”

 

– Ends –

 

For further information please contact:

WH Ireland Group plc

+44 (0) 20 7220 1666

Paul Compton, Chief Executive




Panmure Gordon

44 (0) 20 7886 2500

Hugh Morgan


Adam Pollock




Abchurch Communications

+44 (0)20 7398 7718

Joanne Shears / Harriet Rae


 

This information is provided by RNS
The company news service from the London Stock Exchange
 

END

 
 

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