ECSC Group PLC Reduction of capital approved by the court (2303J)
19 Agosto 2021 - 11:06AM
UK Regulatory
TIDMECSC
RNS Number : 2303J
ECSC Group PLC
19 August 2021
19 August 2021
ECSC Group plc
('ECSC', the 'Company' or the 'Group')
Reduction of capital approved by the court
Further to the Annual General Meeting ("AGM") held on 23 June
2021, ECSC (AIM: ECSC), the provider of cyber security services,
announces that following the passing of resolution 7 at the AGM,
the High Court has approved the cancellation of the balance
standing to the credit of the Company's share premium account (the
"Capital Reduction"). The Capital Reduction will become effective
following Companies House completing the registration of the
documentation relating to the Capital Reduction.
Once the Capital Reduction is effective, GBP6.1 million standing
to the credit of the Company's share premium account will be
cancelled thereby creating distributable reserves which will allow
the Company to pay dividends or make distributions to its
shareholders and/or undertake a buyback of its ordinary shares in
due course, should it be appropriate or desirable to do so.
The Capital Reduction will have no effect on the overall net
asset position of the Company.
Details of the Capital Reduction proposals were contained in the
notice of AGM dated 25 May 2021 and were approved by shareholders
at the AGM held on 23 June 2021.
- Ends -
Enquiries:
ECSC Group plc
David Mathewson, Non-Executive Chairman
Ian Mann, Chief Executive Officer +44 (0) 1274 736 223
Allenby Capital (Nominated Adviser and
Broker)
David Hart/Piers Shimwell (Corporate Finance)
Tony Quirke (Sales and Corporate Broking) +44 (0) 203 328 5656
Yellow Jersey (PR and Investor Relations)
Sarah Hollins
Annabel Atkins
Matthew McHale +44 (0) 203 004 9512
Notes to Editors
Founded in 2000, ECSC Group plc (AIM: ECSC) is the UK's longest
running full-service cyber security service provider. With an
extensive range of in-house developed proprietary technologies,
including advanced Artificial Intelligence (AI) systems, ECSC
provides expert security breach prevention and advisory support to
organisations across all sectors.
ECSC operates from two Security Operations Centres (SOCs): one
in Yorkshire, UK, and the other in Brisbane, Australia. ECSC offers
flexible 24/7/365 cyber security monitoring, detection, and
response support to its clients, either as a fully managed service
or to enhance an organisation's existing cyber security systems. In
addition, ECSC's Assurance division provides guidance,
certification to industry standards, and extensive testing services
to allow organisations to assess their cyber security
protection.
ECSC is led by a highly experienced senior management team with
over 80 years' combined experience within the company and has
delivered consecutive organic growth for the last 20 years.
The Company's broad client base ranges from e-commerce start-ups
to global blue-chip organisations, including 10% of the FTSE
100.
For more information please visit the following:
https://investor.ecsc.co.uk/
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END
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