GB Group plc (GB:GBG) has released an update.
GB Group plc, a leader in identity and location software, has successfully completed a share capital reduction following approval from both the High Court of Justice in England and Wales and the company’s shareholders at the annual general meeting. The process, which has been legally finalized, does not affect the distribution of capital, share nominal value, or the number of shares in circulation. This strategic financial move aims to restructure the company’s capital base without impacting shareholders’ equity.
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