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08 May 2019 | 09:57

Bonhill completed capital reduction

B2B media business Bonhill confirmed that it had carried out its plan to reduce its shares, paving the way for the company to pay dividends in the future.

The capital reduction was approved by the court on 7 May.  'The purpose of the capital Reduction is to create distributable reserves, which will allow the Company to pay dividends in the future,' the company said. 'It has been effected by cancelling the balances standing to the credit of the Company's share premium account and capital redemption reserve.' 'There is no change in the number of the Company's Ordinary Shares in issue, or their nominal value, as a result of the Capital Reduction.

At 9:57am: (LON:BONH) Bonhill Group Plc Ord 1p share price was 0p at 85p

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