Team Internet Group Plc (LON:TIG), the global internet company that generates recurring revenue from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers, has announced that the proposed cancellation of its share premium account, details of which were set out in the circular published by the Company on 7 September 2023 and which was approved by shareholders on 28 September 2023, was sanctioned earlier this week by the High Court of Justice of England and Wales.
The Court order confirming the Capital Reduction and a statement of capital approved by the Court in connection therewith will be sent to the Registrar of Companies shortly. The Capital Reduction will become effective upon the registration of the Court order and associated statement of capital by the Registrar of Companies.