8th Apr 2005 16:21
Net b2b2 PLC08 April 2005 NETB2B2 PLC ("NETB2B2" OR "THE COMPANY") Update on Capital Reorganisation Netb2b2 announces that, following the approval of the shareholders at theCompany's Annual General Meeting on 28 February to reduce its share capital andto cancel its share premium account for the purpose of eliminating the deficiton its profit and loss account ("Capital Reduction"), the Company has receivedan order from the High Court confirming the Capital Reduction and this has beenregistered with the Registrar of Companies. The Capital Reduction has now becomeeffective. The Capital Reduction will not involve any distribution or repayment of capitalor share premium by the Company. It will not reduce the underlying net assets ofthe Company. Your Board believes that the restructuring the Company's balancesheet will more accurately reflect the reality of its financial and tradingposition. It will also facilitate the payment of dividends to shareholders inthe future if this is decided upon by the Board. 8 April 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Chesterfield Sp