Aberdeen-headquartered transport giant FirstGroup plc said the capital reduction of the group’s share premium account approved by shareholders at the firm’s AGM in July has been confirmed by the Court of Session in Edinburgh.

“The Capital Reduction will create additional distributable reserves of £500,000,000 for the Group, providing greater flexibility to support future dividends and share buybacks,” said the firm.

“The Capital Reduction will not affect the number of the Group’s ordinary shares in issue or their nominal value, and the Capital Reduction itself does not impact the Group’s cash position and net assets, nor will it require any repayment or distribution of capital by the Group.

“Unless otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Notice of AGM dated 26 June 2026.

“The Court order will now be registered with the Registrar of Companies. Upon registration, the Capital Reduction will become effective.”