- 04 July 2025 23:15:54
- Source: Sharecast
4 July 2025
Vistry Group PLC
Capital Reduction to increase distributable reserves becomes effective
Vistry Group PLC (the "Company") is pleased to announce that following approval from the Company's shareholders at its Annual General Meeting held on 14 May 2025 ("AGM"), on 24 June 2025, the High Court of Justice in England and Wales (the "Court") sanctioned the reduction in capital by way of cancelling the New Deferred Shares (the "Capital Reduction").
The order of the Court confirming the Capital Reduction and associated statement of capital approved by the Court, have now been duly registered by the Registrar of Companies. Accordingly, the Capital Reduction became effective on 4 July 2025. The Capital Reduction does not involve any distribution or repayment of capital to the Company.
As set out in the Company's Notice of Annual General Meeting published on 11 April 2025, the effect of the Capital Reduction will be to increase distributable reserves and give the Company further flexibility to deliver shareholder returns over the coming years in the form of share buybacks and/or dividends.
For further information please contact:
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Vistry Group PLC Tim Lawlor, Chief Financial Officer Susie Bell, Group Investor Relations Director
FTI Consulting Richard Mountain / Susanne Yule
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020 3048 3393
020 3727 1340 |
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