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LONDON - Aquila European Renewables plc announced today that the cancellation of its share premium account has been completed, following shareholder approval and court sanction.
The share premium cancellation, which was approved by shareholders at the company’s annual general meeting on June 19, 2025, received final approval from the High Court on August 19. The court order was registered with Companies House on Tuesday, the company said in a press release.
As a result of the cancellation, €255,642,627.68 previously held in the company’s share premium account has been converted into distributable reserves that can be used for dividend payments or capital returns to shareholders.
The company stated that the cancellation was implemented to facilitate returning cash to shareholders as part of its managed wind-down process. However, the timing and amount of any future cash or capital returns will depend on several factors, including the realization of investments, company liabilities, working capital requirements, and the nature of distributable reserves.
The decision on future distributions will remain at the discretion of the board of directors, according to the company.
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