Ahead of the interim results to be announced on 13 September, which we expect to confirm solid progress by the group, TP Group has announced a proposed capital reduction. The move would eliminate the accumulated deficit and reduce the nominal value of the ordinary shares, enabling future creation of distributable reserves from retained profits, as well as the issue of shares at a premium in support of M&A opportunities and employee incentivisation. In our view, both reflect the progress o
19 Aug 2016
A capital idea
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A capital idea
- Published:
19 Aug 2016 -
Author:
Andy Chambers -
Pages:
2
Ahead of the interim results to be announced on 13 September, which we expect to confirm solid progress by the group, TP Group has announced a proposed capital reduction. The move would eliminate the accumulated deficit and reduce the nominal value of the ordinary shares, enabling future creation of distributable reserves from retained profits, as well as the issue of shares at a premium in support of M&A opportunities and employee incentivisation. In our view, both reflect the progress o