RTC Group confirms cancellation of share premium account
If approved, the Capital Reduction is then expected to become effective upon the necessary registration of the Court Order at Companies House.
The Company proposed the Capital Reduction in order to increase the distributable reserves of the Company in order to be able to increase the dividend capacity in the future if deemed appropriate. Under the Capital Reduction it is proposed that the amount standing to the credit of the Company's share premium account (such amount currently being £2,467,915.50) is cancelled and that the resulting sum of £2,467,915.50 be credited to the distributable reserves of the Company
RTC Group focuses on white and blue collar recruitment providing temporary, permanent and contingent staff to a broad range of industries and clients in both domestic and international markets