Reduction of Share Premium Account (9124X)
22 2월 2012 - 9:20PM
UK Regulatory
TIDMARP
RNS Number : 9124X
Ashcourt Rowan PLC
22 February 2012
22 February 2012
ASHCOURT ROWAN PLC
("Ashcourt Rowan" or the "Company")
Reduction of Share Premium Account
Ashcourt Rowan plc (AIM: ARP), the UK wealth management group,
announces that on 22 February 2012 it was granted an order by the
High Court of Justice (the "Court") confirming the approval for the
Company to reduce the amount of the share premium account by GBP50
million. The court order and statement of capital were registered
by the Registrar of Companies today, following which the reduction
of the share premium account took effect.
Ashcourt Rowan received shareholder approval for the share
premium account reduction at the Company's general meeting held on
2 December 2011. Having received confirmation from the Court, the
amount of the share premium account so reduced that is not carried
to a special reserve in the Company's accounts will be credited as
a distributable reserve which will be able to be applied in any
manner in which the Company's profits available for distribution
are able to be applied.
For further information please contact:
Jonathan Polin, CEO Ashcourt Rowan plc
jonathanpolin@ashcourtrowan.com www.ashcourtrowan.com +44 (0) 20 7871 7373
Gordon Neilly +44 (0) 20 7050 6778
gneilly@canaccordgenuity.com
Sue Inglis +44 (0) 20 7050 6779
singlis@canaccordgenuity.com
Rishi Zaveri Canaccord Genuity Limited
rzaveri@canaccordgenuity.com www.canaccordgenuity.com +44 (0) 20 7050 6780
Media enquiries:
MRM
Andrew Appleyard www.mrm-london.com +44 (0) 20 3326 9908
Notes to the editors:
Ashcourt Rowan Plc is one of the UK's leading and
fastest-growing wealth management companies. Today, Ashcourt Rowan
provides its personalised approach to financial advice and asset
management services directly and through third party advisers to
over 50,000 clients across the UK via the Ashcourt Rowan (Ashcourt
Rowan Financial Planning Ltd, Ashcourt Rowan Asset Management Ltd
& Ashcourt Rowan Administration Ltd) and Savoy brands. The
group currently has around GBP4 billion of assets under management
and influence and an expanding network of 19 offices across the UK.
Further information on Ashcourt Rowan can be found at
www.ashcourtrowan.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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