Hardide's Capital Reduction Takes Effect After UK High Court Approval

12:55 AM EDT, 08/13/2026 (MT Newswires) -- Hardide (HDD.L) said Wednesday its capital reduction plan became effective following approval from the High Court of Justice of England and Wales. The surface coating technology company had secured shareholder approval for the proposed capital reduction on July 21. Hardide said in June that the reduction would generate 3.2 million pounds sterling of distributable reserves through the cancellation of its premium share account and capitalized non-statutory reserve.