Gaming Realms PLC Announces Share Capital Reduction
Gaming Realms PLC has announced the completion of its share capital reduction, following approval by the High Court of Justice on July 16, 2024. The reduction became effective on August 1, 2024, after registration with the Registrar of Companies. This move allows the company to potentially pay dividends to shareholders or use the capital for other corporate purposes, such as share buybacks. However, there are no immediate plans for dividends or share repurchases.
Key points:
- The nominal value of each ordinary share has been reduced to £0.001
- The total number of ordinary shares remains unchanged at 294,826,444
- Shareholders approved the capital reduction at a general meeting on June 12, 2024
Gaming Realms PLC ha annunciato il completamento della riduzione del proprio capitale sociale, dopo l'approvazione da parte dell'Alta Corte di Giustizia il 16 luglio 2024. La riduzione è diventata efficace il 1° agosto 2024, dopo la registrazione presso il Registro delle Imprese. Questa mossa consente all'azienda di poter eventualmente distribuire dividendi agli azionisti o di utilizzare il capitale per altri scopi aziendali, come il riacquisto di azioni. Tuttavia, non ci sono piani immediati per dividendi o riacquisti di azioni.
Punti chiave:
- Il valore nominale di ogni azione ordinaria è stato ridotto a £0.001
- Il numero totale di azioni ordinarie rimane invariato a 294.826.444
- Gli azionisti hanno approvato la riduzione del capitale in un'assemblea generale il 12 giugno 2024
Gaming Realms PLC ha anunciado la finalización de su reducción de capital social, tras la aprobación del Tribunal Superior de Justicia el 16 de julio de 2024. La reducción entró en vigor el 1 de agosto de 2024, tras su registro en el Registro de Empresas. Este movimiento permite a la empresa pagar dividendos a los accionistas o utilizar el capital para otros fines corporativos, como la recompra de acciones. Sin embargo, no hay planes inmediatos para dividendos o recompra de acciones.
Puntos clave:
- El valor nominal de cada acción ordinaria se ha reducido a £0.001
- El número total de acciones ordinarias se mantiene en 294,826,444
- Los accionistas aprobaron la reducción de capital en una reunión general el 12 de junio de 2024
Gaming Realms PLC는 2024년 7월 16일 고등법원의 승인을 받은 후 자본금 감소가 완료되었음을 발표했습니다. 이 감소는 2024년 8월 1일 상업등록부에 등록된 후 효력을 발휘했습니다. 이번 조치는 회사가 주주에게 배당금을 지급하거나 자본을 주식 매입과 같은 다른 기업 목적에 사용할 수 있는 잠재력을 제공합니다. 그러나 배당금이나 자사주 매입에 대한 즉각적인 계획은 없습니다.
핵심 사항:
- 각 보통주의 액면가는 £0.001로 줄어들었습니다.
- 보통주 총 수량은 294,826,444로 변하지 않았습니다.
- 주주들은 2024년 6월 12일 열린 총회에서 자본 감소를 승인했습니다.
Gaming Realms PLC a annoncé l'achèvement de la réduction de son capital social, suite à l'approbation de la Haute Cour de Justice le 16 juillet 2024. La réduction est entrée en vigueur le 1er août 2024, après enregistrement auprès du Registre du Commerce. Ce mouvement permet à la société de potentiellement verser des dividendes aux actionnaires ou d'utiliser le capital à d'autres fins d'entreprise, telles que le rachat d'actions. Cependant, il n'y a pas de plans immédiats pour des dividendes ou des rachats d'actions.
Points clés :
- La valeur nominale de chaque action ordinaire a été réduite à £0,001
- Le nombre total d'actions ordinaires reste inchangé à 294.826.444
- Les actionnaires ont approuvé la réduction de capital lors d'une assemblée générale le 12 juin 2024
Gaming Realms PLC hat den Abschluss der Kapitalherabsetzung bekannt gegeben, nachdem das Oberste Gericht am 16. Juli 2024 zugestimmt hat. Die Herabsetzung trat am 1. August 2024 nach der Registrierung beim Handelsregister in Kraft. Dieser Schritt ermöglicht es dem Unternehmen, möglicherweise Dividenden an die Aktionäre auszuzahlen oder das Kapital für andere Unternehmenszwecke zu verwenden, wie zum Beispiel Aktienrückkäufe. Allerdings gibt es keine unmittelbaren Pläne für Dividenden oder Rückkäufe von Aktien.
Wichtige Punkte:
- Der Nennwert jeder Stammaktie wurde auf £0,001 gesenkt
- Die Gesamtzahl der Stammaktien bleibt unverändert bei 294.826.444
- Die Aktionäre haben die Kapitalherabsetzung in einer Hauptversammlung am 12. Juni 2024 genehmigt
- Increased financial flexibility for potential future dividends or share buybacks
- Successful completion of capital reduction process, indicating effective corporate governance
- No immediate plans for dividends or share repurchases, which may disappoint some investors
LONDON, UNITED KINGDOM / ACCESSWIRE / August 2, 2024 / The Company is pleased to announce that, following formal approval by the High Court of Justice (the " Court ") of the cancellation of the share premium account of the Company and the reduction in the nominal value of each issued fully paid-up ordinary share in the capital of the Company to £0.001 each (the " Capital Reduction ") on 16 July 2024, the order of the Court confirming the Capital Reduction and statement of capital approved by the Court was registered with the Registrar of Companies on 1 August 2024 and, following their registration at Companies House, the Capital Reduction has become effective to enable the Company, as it wishes, to pay Shareholders dividends or to be used for other valid corporate purposes, such as the purchase of its own shares. There is no present intention to undertake any dividend or share buyback programme.
Details of the Capital Reduction are set out in the Company's notice of annual general meeting published by the Company on 20 May 2024 (the " Notice "). The Notice is available for inspection on the Company's website at https://www.gamingrealms.com/investors/reports/. The Capital Reduction was approved by Shareholders at a general meeting of the Company on 12 June 2024.
Following the Capital Reduction, the nominal value of each ordinary share in the Company is now £0.001. The number of ordinary shares of the Company in issue has not changed and consists of 294,826,444 ordinary shares.
Gaming Realms plc | 0845 123 3773 |
Michael Buckley, Executive Chairman |
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Peel Hunt LLP - NOMAD and joint broker | 020 7418 8900 |
George Sellar |
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Investec - Joint broker | 020 7597 4000 |
Ben Farrow Yellow Jersey PR Charles Goodwin |
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About Gaming Realms
Gaming Realms creates and licenses innovative games for mobile, with operations in the U.K., U.S., Canada and Malta. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. As the creator of a variety of Slingo TM, bingo, slots and other games, we use our proprietary data platform to build and engage global audiences. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.
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SOURCE: Gaming Realms PLC
View the original press release on accesswire.com
FAQ
What is the new nominal value of Gaming Realms PLC (PSDMF) shares after the capital reduction?
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