Source - LSE Regulatory
RNS Number : 6872X
Future PLC
21 December 2023
 

21 December 2023

 

 

 

Future plc

("Future" or the "Company")

Capital Reduction effective

20 December 2023

 

 

Future announces that the Capital Reduction, comprising the Share Premium

Reduction and the Merger Reserve Reduction approved by shareholders at the Annual General Meeting held on 8 February 2023, is now effective.

 

This follows the confirmation of the Capital Reduction by the Companies Court, London on 19 December 2023 and the registration of the Court order with the Registrar of Companies in England and Wales on 20 December 2023.

 

The Capital Reduction creates additional distributable reserves to the value of

£472,951,225.18. 

 

Terms used but not defined in this announcement are as defined in the Company's announcement of 10 November 2023.

 

 

 

Enquiries:

 

David Bateson

 

Company Secretary

 

Future plc

 

Tel: 01225 442244

 

LEI: 213800K2581YRLEXV353

 

About Future

We are the platform for creating and distributing trusted, specialist content, to build engaged and valuable global communities. We operate c.230 brands in diversified content verticals, with multiple market leading positions and three core monetisation frameworks: advertising, eCommerce affiliate and direct consumer monetisation (subscriptions and newstrade magazine sale). Our content is published and distributed through a range of formats including websites, email newsletters, videos, magazines and live events. The successful execution of our strategy is focused on three pillars: grow engaged audience, diversify and grow revenue per user and optimise the portfolio.

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