STOCK EXCHANGE ANNOUNCEMENT
Sigma Capital Group plc (the "Company")
Posting of Circular regarding a proposed reduction of the Company’s share premium account
Sigma Capital Group plc announces that a circular has been posted to its shareholders convening a General Meeting to be held at
Looking forward, the Company wants to be in a position to pay a dividend to shareholders out of any future profits that it may generate. As it currently stands, the Company will be unable to do this until it generates sufficient profits to eliminate its historic losses, which at the end of the last financial year,
The purpose of the general meeting is to seek shareholder approval to reduce the Company’s share premium account of £18,195,461.60 to £4,195,461.60. The reduction of the share premium account (the “Reduction”) will enable the Company to eliminate the deficit on its profit and loss account and, if and to the extent that the Reduction creates a reserve in excess of such deficit, and subject to the terms of any undertaking given to the High Court for the protection of creditors, to make distributions to shareholders as and when the Directors consider it appropriate to do so. The Reduction must be first approved by shareholders by special resolution, and subsequently confirmed by order of the High Court on the application to the High Court by the Company.
The Company expects its application to the High Court for confirmation of the Reduction to be heard on
Copies of the circular are available on request from the Company's office at
Enquiries:
Sigma Capital Group plc 0131 220 9444
Biddicks 020 7448 1000
Arbuthnot Securities 020 7012 2000
Tom Griffiths/ Neil Kirton
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