6th Feb 2008 11:53
Tangent Communications PLC06 February 2008 Date: 6 February 2008 On behalf of: Tangent Communications plc ('Tangent' or the 'Company') Tangent Communications plc (AIM: TNG) Distributable profits of the Company Tangent Communications plc, the digital direct marketing business, is pleased toannounce that it now has distributable profits from which dividends may bedeclared. As announced in the Company's interim results on 7 November 2007, theboard believes that paying a dividend is an important part in providing totalshareholder return. The High Court of Justice today confirmed the reduction of capital which Tangentshareholders approved at a general meeting on 17 January 2008. Tangent's Profitand Loss Account has consequently increased by £20.6 million and Tangent's SharePremium Account and Merger Reserve have, in aggregate, reduced by the sameamount. Net assets of the Company are not affected. Further enquiries: Graeme Harris (Finance Director) 020 7553 6600 Collins Stewart (Nominated Adviser)Seema Paterson, Stewart Wallace 020 7523 8350 About the Company: Tangent Communications creates online and offline marketing systems to delivercustomised data-driven marketing material for companies including SAP, Lane Fox,Greene King and Gala Coral Group. The Company employs 160 people across threelocations, London, Newcastle and Cheltenham and is admitted to trading on AIM(AIM : TNG) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TNG.L