FirstGroup PLC's capital reduction, a cut to its share premium account (money paid by investors above the shares' face value), became effective on September 30, 2026, when it was formally registered at Companies House, the UK company registry.
Key details
- Shareholders approved the capital reduction at the Annual General Meeting held on July 30, 2026, and the Court of Session in Edinburgh, Scotland confirmed it on September 18, 2026.
- FirstGroup says the reduction creates additional distributable reserves (profits available to pay shareholders) of £500,000,000, giving it greater flexibility to support future dividends and share buybacks.
- The reduction does not change the number of ordinary shares in issue or their nominal value, does not affect cash or net assets, and does not require any repayment or distribution of capital.
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