VIVO ENERGY PLC - Reduction of Capital

Release Date: 14/06/2018 15:00
Code(s): VVO
 
Wrap Text
Reduction of Capital

Vivo Energy plc
(Incorporated in England and Wales)
(Registration number: 11250655)
(Share code: VVO)
LEI: 213800TR7V9QN896AU56
ISIN: GB00BDGT2M75


14 June 2018

Reduction of Capital

As contemplated in the prospectus for the initial public offering of Vivo Energy plc (the “Company”),
and pursuant to a special resolution of the shareholders of the Company passed on 3 May 2018, the
Company announces that at a hearing in the High Court of Justice, Business and Property Courts of
England and Wales on 12 June 2018, an order was given to confirm the reduction of the nominal
value of the ordinary shares in the capital of the Company by US$1.00, from US$1.50 to US$0.50 (the
“Reduction of Capital”).

The order was produced to the Registrar of Companies and was registered on 13 June 2018, making
the Reduction of Capital effective.

The Company confirms that following the Reduction of Capital, the number of issued shares and the
rights attaching to those shares remain unchanged. Following the Reduction of Capital, as at 13 June
2018, the total number of ordinary shares of US$0.50 each of the Company is 1,201,798,866.

The purpose of the Reduction of Capital is to provide distributable reserves, which will allow the
Company to make dividend payments at an appropriate time in the future. It has no effect on the net
asset position of the Company.


For further information, please contact:

Vivo Energy plc

Rob Foyle, Head of Communications
+44 1234 904 037
rob.foyle@vivoenergy.com


Paul Waters, Head of Corporate Secretariat
+44 1234 904 029
paul.waters@vivoenergy.com


JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Date: 14/06/2018 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story