StockMarketWire.com - Manufacturing and services group Redhall's capital reduction has been approved.

The purpose of the capital reduction is to create distributable reserves, which will allow the company to make dividend payments.

It has been effected by cancelling the balance standing to the credit of the share premium account and the cancellation of the capital reduction shares issued to capitalise the company's merger reserve.

There is no change in the number of the company's ordinary shares in issue, or their nominal value.


At 9:15am: [LON:RHL] Redhall Group PLC share price was 0p at 9.5p



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