FirstGroup capital reduction creates GBP 500 million distributable reserves

Bitget2026/10/13 15:21

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FirstGroup completed a capital reduction tied to a reduction of its share premium account, creating GBP 500 million of distributable reserves.
Shareholders backed the transaction at the annual general meeting on July 30, 2026; the Court of Session in Edinburgh confirmed it on Sept. 18.
The change was registered at Companies House on Sept. 30.
Ordinary shares outstanding and nominal value remain unchanged; no repayment or distribution of capital was required.
Cash position and net assets were not affected by the capital reduction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firstgroup plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610131120PR_NEWS_PRUKDSCX_0100) on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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FirstGroup capital reduction creates GBP 500 million distributable reserves

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