21st Sep 2006 16:19
IDOX PLC21 September 2006 IDOX PLC21 September 2006 For immediate release21 September 2006 IDOX plc Court Approval of Share Capital Reduction IDOX plc is pleased to announce that following shareholders' approval at theCompany's Annual General Meeting to reduce the share premium account ("CapitalReduction"), the Company has received an order from the High Court confirmingthe Capital Reduction which will take effect when it has been registered withthe Registrar of Companies. This has now been completed. As a result of the Capital Reduction, the Company will have distributablereserves of £8,211,000 subject to fulfilling certain undertakings made to theCourt. This gives the board the ability to propose dividends and also considershare buy-backs should this be in the interests of shareholders. For further information please contact: Martin Brooks, Chairman and CEO, IDOX plc 0870 333 7101 John McNicol, Company Secretary, IDOX plc 0141 574 1935 Matthew Hall, Noble & Company Limited 020 7763 2200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Idox Group