Digitalbox plc (GB:DBOX) has released an update.
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Digitalbox plc, a leading mobile-first digital media company, has announced plans to restructure its capital in order to potentially pay dividends or buy back shares. The process involves a capital reduction that will convert their share premium account balance into distributable reserves, subject to approvals from the board, shareholders, and the court with a target completion date of December 31, 2024. A detailed announcement and a Notice of General Meeting will follow shortly to discuss the capital reduction proposal.
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