Kistos capital reduction gets court approval

(Sharecast News) - Kistos Holdings said its planned capital reduction had been approved by the High Court of Justice of England and Wales, paving the way for completion once the order was registered with the UK's Companies Registrar. The AIM-traded company said the court order confirming the capital reduction, along with the approved statement of capital, would shortly be filed, with the reduction becoming effective upon registration.

It said the move would not affect shareholder rights or alter the number or nominal value of ordinary shares in issue.

At 1100 BST, shares in Kistos Holdings were up 0.64% at 157.5p.

Reporting by Josh White for Sharecast.com.