FirstGroup capital reduction creates GBP 500 million distributable reserves
Bitget2026/09/21 16:26- FirstGroup registered a capital reduction cutting its share premium account, following shareholder sign-off on July 30, 2026.
- The Court of Session in Edinburgh confirmed the move on Sept. 18, 2026.
- The transaction created GBP 500 million of additional distributable reserves.
- No change to the number of ordinary shares in issue or their nominal value.
- No impact on cash position or net assets, with no repayment or distribution of capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CrowdStrike Holdings Insider Sold Shares Worth $7,365,118, According to a Recent SEC Filing
CNH Industrial Prices C$550 Million of Privately Placed Notes
Victoria Care Indonesia announces extraordinary shareholder meeting
The second wave of energy price increases is looming! European Central Bank’s Lane warns: eurozone inflation will be higher and more persistent
Philip Lane, Chief Economist of the European Central Bank, stated that a new round of high energy prices means inflation in the eurozone will remain elevated for longer than the ECB initially anticipated.
Crypto prices
More
