Capital Reduction
October 12 2007 - 7:04AM
UK Regulatory
RNS Number:6312F
Debt Free Direct Group PLC
12 October 2007
12 October 2007
DEBT FREE DIRECT GROUP PLC
("Debt Free Direct" or "the Company")
Capital Reduction
On 24 August 2007, Debt Free Direct announced that shareholders in the Company
had approved at an Extraordinary General Meeting on that date the proposed
cancellation of the Company's Share Premium Account. The Board of the Company
now announces that the Court confirmed the cancellation of the Company's Share
Premium Account on 10 October 2007 and that the Cancellation became effective on
11 October 2007.
Enquiries:
Debt Free Direct Group plc
Andrew Redmond, Chief Executive Officer 0845 296 0100
Paul Latham, Finance Director 0845 296 0200
Numis Securities
Lee Aston
Chris Wilkinson 020 7260 1000
Financial Dynamics
Ed Gascoigne-Pees 020 7269 7132
Nick Henderson 020 7269 7114
Notes
Debt Free Direct helps individuals find the best solution to their debt
problems, based upon an analysis of their particular financial circumstances.
Financial information on an individual is processed through a computer model
(the Best Advice Model) developed by Debt Free Direct in order to recommend a
solution suitable for that individual's particular financial circumstances. The
solutions offered range from basic advice, such as simply destroying credit
cards and curbing unnecessary expenditure, to the following solutions:
* consolidation loan
* re-mortgage
* informal arrangement
* individual voluntary arrangement (IVA)
* bankruptcy
Debt Free Direct is unique in the marketplace in that, unlike most of its
competitors who sell specific products, Debt Free Direct looks to provide the
best advice to the consumer and recommends them the most appropriate service.
Debt Free Direct is based in Chorley, Lancashire, and was admitted to AIM in
December 2002.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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