FirstGroup confirms £500 million capital reduction to boost distributable reserves
Bitget2026/09/18 11:06- FirstGroup confirmed a court-approved reduction of its share premium account, following shareholder backing at the July 30, 2026 AGM.
- The move creates GBP 500 million of additional distributable reserves.
- No change to the number of ordinary shares in issue or their nominal value.
- Cash position and net assets remain unchanged; no repayment or distribution of capital.
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