Capita Confirms Cancellation of Share Premium Account
Why we think this is neutral
The RNS announcement is about the cancellation of Capita's share premium account, which is a technical accounting matter that does not directly impact the company's operations or financial performance. While it may have some implications for the company's capital structure, the announcement does not contain any information about the company's trading, contracts, orders, or other key business metrics. Therefore, the overall sentiment is neutral.
Key Points
- Capita plc has confirmed the cancellation of its share premium account
- The cancellation was approved by shareholders and does not involve any capital distribution
- The cancellation does not affect the rights attached to Capita's ordinary shares or the number of shares in issue
Summary
Capita plc has confirmed the cancellation of the amount standing to the credit of the company's share premium account, following an order issued by the High Court of Justice in England and Wales. The share premium reduction was approved by shareholders at the company's annual general meeting in April 2025 and does not involve any distribution or payment of capital by the company. The cancellation does not affect the rights attached to Capita's ordinary shares or result in any change to the number of shares in issue.