FirstGroup capital reduction creates GBP 500 million distributable reserves

• FirstGroup completed a capital reduction tied to a reduction of its share premium account, creating GBP 500 million of distributable reserves.
• Shareholders backed the transaction at the annual general meeting on July 30, 2026; the Court of Session in Edinburgh confirmed it on Sept. 18.
• The change was registered at Companies House on Sept. 30.
• Ordinary shares outstanding and nominal value remain unchanged; no repayment or distribution of capital was required.
• Cash position and net assets were not affected by the capital reduction.

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