Court Approval
Published: 06/07/2005, 11:50
Bristol Water PLC 06 July 2005 6 July 2005 Not for release, publication or distribution in or into the United States, Canada, Australia or Japan. Bristol Water plc Recommended proposals by Bristol Water Group plc for a return of 148 pence per Ordinary Share and a 10 for 13 Consolidation of Bristol Water Group plc's Ordinary Shares High Court approves Reduction of Capital Bristol Water plc notes the announcement made today by Bristol Water Group plc, the text of which is set out below. "Bristol Water Group plc Proposed Return of 148 pence per Ordinary Share and 10 for 13 Consolidation High Court approves Reduction of Capital The Board of Bristol Water Group plc is pleased to announce that at a High Court hearing today, the reduction of capital of the Company to cancel and repay the B shares of the Company was approved. The B Shares, described in the Circular posted to Shareholders on 20 May 2005, were issued on 5 July 2005. The B Shares will be cancelled and repaid at 148 pence per B Share following the filing of the Court Order with the Registrar of Companies, with cheques expected to be posted to shareholders by 15 July 2005. Dealings in Consolidated Ordinary Shares also commenced at 8.00 a.m. today. Terms and expressions used in this announcement have the same meanings as in the Circular posted to Shareholders on 20 May 2005." Enquiries Bristol Water plc Tel: 0117 953 6407 Alan Parsons, Chairman Andy Nield, Finance Director Dresdner Kleinwort Wasserstein Tel: 020 7623 8000 Christian Littlewood, Director Dresdner Kleinwort Wasserstein Limited, which is authorised and regulated by the Financial Services Authority, is acting for Bristol Water Group plc and no one else in connection with the Proposals in the Circular and is not acting for any person other than Bristol Water Group plc and will not be responsible to any person other than Bristol Water Group plc for providing the protections afforded to its customers or for providing advice in connection with the Proposals in the Circular and the other matters described herein. This information is provided by RNS The company news service from the London Stock Exchange