14th Feb 2006 09:24
Applied Optical Technologies PLC14 February 2006 APPLIED OPTICAL TECHNOLOGIES PLC14 FEBRUARY 2006 SHARE PREMIUM ACCOUNT REDUCTION Applied Optical Technologies plc announces that, further to the announcementmade on 25 October 2005 and subsequent EGM resolution passed on 17 November2005, the Company has now received confirmation from the High Court that itsshare premium account has been reduced by £23,851,000. The reserve created bythis reduction will be used to eliminate the deficit on the Company's profit andloss account so that, subject to the protection of the Company's creditors, theDirectors will be able to consider the purchase of its own shares or the paymentof dividends from profits generated in the future by the Company. Enquiries Applied Optical Technologies plc Mike Angus, Finance Director 0191 417 5434 ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
OSG.L