6th Aug 2025 15:00
6 August 2025
Next 15 Group plc
(the "Company")
Result of Court Hearing on Capital Reduction
Next 15 Group plc (AIM: NFG), the tech and data-driven growth consultancy, announces that the cancellation of the Company's share premium account (the "Capital Reduction") was sanctioned yesterday by the High Court of Justice of England and Wales (the "Court").
The Court order confirming the Capital Reduction and a statement of capital approved by the Court in connection therewith has been sent to the Registrar of Companies. The Capital Reduction will become effective upon the registration of the Court order and associated statement of capital by the Registrar of Companies. The Capital Reduction, when effective, will increase the distributable reserves of the Company by £192,654,000.
Further information relating to the Capital Reduction is set out in the Company's notice of Annual General Meeting published on 6 May 2025. The Capital Reduction itself does not involve any distribution or repayment of capital by the Company and does not change the total number of shares of the Company in issue.
For further information contact:
Next 15 Group plc |
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Sam Knights, Chief Executive Officer | +44 (0)7725 954 360 |
Mickey Kalifa, Chief Financial Officer | +44 (0)7584 236 999 |
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Deutsche Numis (Nomad & Joint Broker) | +44 (0)20 7260 1000 |
Mark Lander |
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Hugo Rubinstein |
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Berenberg (Joint Broker) | +44 (0)20 3207 7800 |
Ben Wright |
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Mark Whitmore |
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MHP (Investor Relations) | +44 (0)7812 590 682 |
Oliver Hughes |
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Eleni Menikou |
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Veronica Farah |
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