28 Feb 2013 14:15
28 February 2013
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
Reduction of Share Premium
At the annual general meeting of the Company held on 23 January 2013 a resolution was passed approving the reduction of the share premium account of the Company amounting to £65million, subject to the confirmation of the Isle of Man ("IOM") High Court (the "Order").
Redefine International is pleased to announce that the IOM High Court has now granted the Order approving the reduction and the Order has been registered with the IOM Companies Registry. The reduction has therefore become effective and an amount of £65 million has been transferred from the Company's share premium account to its distributable reserve and will provide further flexibility for the Company's financial structure.
Further enquiries:
Redefine International Property Management Limited Investment Adviser |
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Michael Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
FTI Consulting Public Relations Adviser |
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Stephanie Highett, Dido Laurimore, Faye Walters | Tel: +44 (0) 20 7831 3113 |