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LONDON - Smithson Investment Trust plc (LSE:SSON) announced Tuesday that the High Court of Justice of England and Wales has confirmed its planned reduction of capital involving a £500 million reduction of the company’s share premium account.
The court order confirming the capital reduction, along with a court-approved statement of capital, is expected to be registered by the Registrar of Companies by June 20, 2025, at which point the capital reduction process will be complete.
This development follows the company’s previous announcement on May 16, 2025, regarding the capital reduction plans. Full details of the reduction were provided to shareholders in a notice of general meeting sent on April 28, 2025, which is also available on the company’s website.
The capital reduction represents a significant financial restructuring for the investment trust, which trades on the London Stock Exchange (LON:LSEG).
The announcement was made via a regulatory news service statement issued by the company.
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