13th Apr 2005 13:22
British Sky Broadcasting Group PLC13 April 2005 British Sky Broadcasting Group plc 13 April 2005 Corporate reorganisation The High Court has today approved the application by BSkyB Investments Limitedfor a reduction of share capital. As described in the announcement on 1 April2005, this application formed part of a corporate reorganisation to increase thelevel of distributable reserves available to British Sky Broadcasting Group plc("BSkyB"). The Court Order will shortly be registered at Companies House,whereupon the reorganisation will be complete and BSkyB will have access toadditional distributable reserves. In addition to its ordinary dividend payments, BSkyB is currently returning cashto shareholders by means of a share buy-back programme under an authoritygranted by shareholders at BSkyB's Annual General Meeting in November 2004. Enquiries: Analysts/Investors: Oliver Lewis Tel: 020 7705 3337Robert Kingston Tel: 020 7705 3726 E-mail: [email protected] Press: Julian Eccles Tel: 020 7705 3267Robert Fraser Tel: 020 7705 3036 E-mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sky