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Capital Reduction - Court Approval

14th Oct 2025 16:00

RNS Number : 3526D
Sosandar PLC
14 October 2025
 

 

14 October 2025

 

Sosandar plc

("Sosandar" or the "Company")

 

Capital Reduction - Court approval

 

Sosandar plc (AIM: SOS), the women's fashion brand, creating quality, trend-led products for women of all ages, announces that the Court has today approved the Company's application to cancel the amount standing to the credit of its share premium account ("Capital Reduction"), as also approved by Shareholders on 18 September 2025 and further details of which were set out in the Company's circular sent to Shareholders on 2 September 2025 ("Circular").

The Court order confirming the Capital Reduction and a statement of capital approved by the Court in connection therewith will be sent to the Registrar of Companies shortly. The Capital Reduction will become effective upon the registration of the Court order and associated statement of capital by the Registrar of Companies.

Completion of the Capital Reduction will not affect the rights attaching to the Ordinary Shares and will not result in any change to the number of Ordinary Shares in issue (or their nominal value).

Capitalised terms used in this announcement have the meaning given in the Circular unless the context requires otherwise or as otherwise defined herein. A copy of the Circular is available to view on the Company's website.

Enquiries

 

Sosandar plc

www.sosandar.com

Julie Lavington / Ali Hall, Joint CEOs

c/o Alma PR

Steve Dilks, CFO 

 

Singer Capital Markets (Nominated Adviser & Joint Broker)

Peter Steel / Tom Salvesen / Sara Hale / Patrick Weaver

 

+44 (0) 20 7496 3000

 

Dowgate Capital (Joint Broker)

+44 (0) 20 3903 7715

David Poutney / Amber Higgs / Daniel Ingram

 

Alma Strategic Communications

+44 (0) 20 3405 0205

Sam Modlin / Rebecca Sanders-Hewett / Kinvara Verdon

[email protected]

 

 

About Sosandar PLC

 

Sosandar is a women's fashion brand in the UK targeting style conscious women who have graduated from lower quality, price-led alternatives. The Company offers this underserved audience fashion-forward, affordable, quality clothing to make them feel sexy, feminine, and chic. The business sells predominantly own-label exclusive product designed and tested in-house.

Sosandar's product range is diverse, providing its customers with an array of choice for all occasions across all women's fashion categories. The company sells through Sosandar.com and its own stores, and has a number of high value brand partnerships including with NEXT and Marks & Spencer.

Sosandar's success has been built on an exceptional product range, seamless customer experience and impactful, lifestyle marketing, all of which is underpinned by combining innovation with data analysis. Our growth strategy is focused on continuing to grow brand awareness and expand our addressable market and routes to market, reaching customers wherever they wish to shop. This is achieved both through direct to consumer channels and through chosen third-party partners.

Sosandar was founded in 2016 and listed on AIM in 2017. More information is available at www.sosandar-ir.com

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