1st Feb 2008 10:40
London & Stamford Property Ltd01 February 2008 LONDON & STAMFORD PROPERTY LIMITED Registered Office: 2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT, GUERNSEY, GY1 3NQ, CHANNEL ISLANDS. ___________________________ TELEPHONE: + 44 1481 720321 FACSIMILE: + 44 1481 716117 e-mail: [email protected] For immediate release 01 February 2008 London & Stamford Property Limited CANCELLATION OF SHARE PREMIUM London & Stamford Property Limited ("the Company") is pleased to announce thatthe Royal Court of Guernsey has today confirmed the reduction of the Company'scapital, by way of cancellation of the amount standing to the credit of theCompany's share premium account. As envisaged by the Company's AIM admission document dated 2 November 2007, theamount cancelled (£248,596,816) has been credited as a distributable reserve inthe Company's books of account and may be applied to the extent and in anymanner in which the Company's profits available for distribution are able to beapplied under Guernsey law, including the purchase of the Company's own sharesand the payment of dividends. Application to the Court was made pursuant to aresolution of the then shareholders of the Company on 30 October 2007, prior tothe recent placing of the Company's ordinary shares and their admission totrading on AIM. For further information contact: London & Stamford Property LimitedTel: +44 (0)1481 737 782Mandy Trotter, Company Secretary KBC Peel HuntTel: +44 (0)20 7418 8900Capel Irwin / Deon Veldtman Gavin Anderson & CompanyTel: +44 (0)20 7554 1400Richard Constant / Charlotte Stone / Anthony Hughes ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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