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Touchstar PLC (TST)

Touchstar PLC

Completion of Capital Reorganisation
RNS Number : 8074D
Touchstar PLC
11 July 2016
 

11 July 2016

Touchstar plc

 

Completion of Capital Reorganisation

 

The Board of Touchstar plc ((AIM:TST) 'Touchstar', the 'Company' or 'the Group'), specialists in real time data capture and mobile computing solutions for the retail, logistics and transportation sector is pleased to announce that it has received approval from the Scottish Court to the reduction of the Company's share capital (the "Capital Reduction").  The principal purpose of the Capital Reduction, (details of which were set out in the Circular to shareholders dated 28 April 2016) is to create realised profits sufficient to eliminate the accrued deficit on the Company's profit and loss account.

 

Following registration of the Court order at Companies House, the Capital Reduction took effect on 1 July 2016.  The Company has given certain undertakings to the Court in relation to the reserve arising on the Capital Reduction for the protection of the Company's creditors at the date on which the Capital Reduction took effect.

 

For further information please contact:

 

Touchstar plc

Ian Martin

Mark Hardy

01274 741860

01274 741860

WH Ireland - Nominated Adviser

Mike Coe/Ed Allsopp

0117 945 3472

WH Ireland - Investor Relations

Jessica Metcalf

0113 394 6623

 

Information on Touchstar plc can be seen at: www.touchstarplc.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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