8th Aug 2012 14:44
8 August 2012 TEP EXCHANGE GROUP PLC ("TEP" or "the Company") Results of Court Hearing
The directors are pleased to announce that at the Court Hearing which took place earlier today, the Company received Court approval for the Capital Reduction and, accordingly, the Capital Reduction will be effective as of 9 August 2012.
The circular to shareholders dated 20 June 2012 (the "Circular") contained details of a conditional capital reduction by way of cancellation of its Deferred Shares and cancellation of its share premium account in order to effect dividend payments to members.
As announced on 20 June 2012, the Company intends pay an interim dividend of 0.03p per Ordinary Share. The proposed timetable for the dividend will be announced shortly.
Definitions used in this announcement shall have the same meaning as given inthe Circular.Further enquiries:TEP Exchange Group plc David Roxburgh 00 353 87 2431 665 Merchant Securities Limited Simon Clements/Virginia Bull 020 7628 2200
Related Shares:
Doriemus