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RNS Number : 2828Y
Bonhill Group PLC
08 May 2019
 

 

 

8 May 2019

Bonhill Group plc

("Bonhill" or the "Company")

 

Completion  of Capital Reduction

 

Bonhill (AIM: BONH), a leading B2B media business specialising in three key areas: Business Information, Live Events and Data & Insight, is pleased to announce that, further to its announcements on 25 March 2019 and   9 April 2019, the Capital Reduction was approved yesterday by the Court.  The Court Order confirming the Capital Reduction, and a statement of capital approved by the Court, were then registered with the Registrar of Companies and, accordingly, the Capital Reduction is now effective.

 

The purpose of the Capital Reduction is to create distributable reserves, which will allow the Company to pay dividends in the future.  It has been effected by cancelling the balances standing to the credit of the Company's share premium account and capital redemption reserve.

 

There is no change in the number of the Company's Ordinary Shares in issue, or their nominal value, as a result of the Capital Reduction, which was described in the Circular sent to Shareholders on 25 March 2019 and approved by Shareholders at the General Meeting held on 9 April 2019.

Capitalised terms used herein have the same meanings as set out in the Circular, which is available at the Company's website (www.bonhillplc.com).

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For further enquiries please contact:

 

Bonhill Group plc

Simon Stilwell, Chief Executive

David Brown, Group Finance Director

 

+44 (0)20 7250 7035

Stockdale Securities Limited (Nominated Adviser and Joint Broker)

Tom Griffiths

David Coaten

 

+44 (0)20 7601 6100

Canaccord Genuity Limited (Joint Broker)

Bobbie Hilliam

Adam James

Georgina McCooke

 

+44 (0)20 7523 8000

Belvedere Communications (Financial PR)

John West

Kim van Beeck

+44 (0)20 3687 2757

 

About Bonhill Group plc

 

Bonhill Group plc is an AIM-quoted leading B2B media business specialising in three key areas: Business Information, Live Events and Data & Insight in three key sectors: Technology, Financial Services and Diversity. Bonhill's ambition is to create content that informs, communities that engage and brands that inspire in order to enable a better business environment for our sponsors and clients.

 

Flagship titles include: InvestmentNews, SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk and What Investment. Bonhill is also responsible for a growing portfolio of high-profile events, including The Quoted Company Awards, Women in IT Awards Global Series, Women in Finance Awards Global Series, British Small Business Awards, Women Advisor Summit, Women to Watch, Diversity & Inclusion Summit and Retirement Income Summit, amongst others.

For more information visit www.bonhillplc.com


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