Reduction of Capital Effective

RNS Number : 1100L
TP Group PLC
28 September 2016

Reduction of Capital Effective

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, announces that further to its announcements on 19 August 2016 and 8 September 2016, the Reduction of Capital is now effective following approval by the Court today and the registration of the Court Order at Companies House.  The Company has given certain undertakings to the Court in relation to the reserve arising on the Reduction of Capital for the protection of the Company's creditors at the date on which the Reduction of Capital takes effect. 

The Company confirms that following the Reduction of Capital, the total number of ordinary shares in issue remains unchanged at 422,464,726, with a new nominal value of 1p each.

Further details of the Reduction of Capital can be found in the circular dated 19 August 2016 (the "Circular"), which is available from the Company's website here.  All capitalised terms in this announcement are as defined in the Circular.