Lonfin sanctioned for capital reduction plan
LONDON FINANCE & INVESTMENT GROUP PLC ("Lonfin") has announced that the High Court of England and Wales sanctioned the company's capital reduction plan, following shareholder approval at a meeting on March 28, 2025. The reduction involves the cancellation and extinguishing of 30,287,479 ordinary shares. The court order confirming the capital reduction and a statement of capital will be lodged with the Registrar of Companies. The distribution of GBP0.7153p per share to shareholders as at the relevant record dates has also been agreed. The company noted that administrative delays at Companies House may postpone the effective date, and shareholders will be informed of the revised date. Further details will be communicated regarding the currency conversion rate, the return of capital implementation, and the delisting from the London Stock Exchange and JSE.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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