Stadium Group PLC Result of General Meeting (6263U)
January 19 2017 - 5:27AM
UK Regulatory
TIDMSDM
RNS Number : 6263U
Stadium Group PLC
19 January 2017
Stadium Group plc
("Stadium" or the "Company")
Result of General Meeting
Stadium (AIM: SDM), a leading supplier of wireless solutions,
power supplies and electronic assemblies, announces that the
proposal to reduce its share premium account (the "Capital
Reduction") under section 648 of the Companies Act 2006 was
approved by shareholders at a general meeting held today. The
purpose of the Capital Reduction is to create additional
distributable reserves which would provide the Company with further
flexibility in relation to the payment of future dividends.
The Capital Reduction is subject to the approval of the Court.
The hearing is due to take place on 15 February 2017 and if
approved, the Capital Reduction is expected to become effective on
16 February 2017.
Further details of the Capital Reduction can be found in the
circular dated 3 January 2017 which is available free of charge
from the Company's website:
http://www.stadiumgroupplc.com/investors/regulatory-news/reports-results/.
For further information please contact:
Stadium Group plc www.stadiuminvestors.com
Charlie Peppiatt, Chief Tel: 01189 311 199
Executive Officer
Walbrook PR Tel: 020 7933 8780 or stadium@walbrookpr.com
Paul McManus Mob: 07980 541 893
Helen Cresswell Mob: 07841 917 679
N+1 Singer
Sandy Fraser
Richard Lindley Tel: 020 7496 3000
About Stadium Group plc (www.stadiumgroupplc.com)
Stadium Group plc is a leading supplier of wireless solutions,
power supplies and electronic assemblies with design and
manufacturing operations in the UK and Asia. The Company consists
of:
-- Wireless solutions - design, integration and manufacture of
machine-to-machine ("M2M") wireless solutions
-- Power supplies - custom and standard power product solutions from 1W to 10kW
-- Electronic Assemblies - consisting of Human Machine
Interface, intelligent "HMI" integrated solutions and Electronic
Manufacturing Services ("EMS") to global original equipment
manufacturers
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 19, 2017 06:27 ET (11:27 GMT)
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