Capital Reduction complete; Restoration of Trading

Silverwood Brands PLC

30 April 2024

 

30 April 2024

Silverwood Brands Plc

("Silverwood" or the "Company"; together with its subsidiaries, the "Group)

Completion of Capital Reduction and Restoration of Trading

Completion of Capital Reduction

Further to the Company's announcement of 19 April 2024, Silverwood Brands plc (Aquis: SLWD), a holding company established to invest primarily in branded consumer businesses, is pleased to announce that it has today received confirmation from the Registrar of Companies that the Court order confirming the Capital Reduction has now been registered.

Accordingly, the issued share capital of the Company now comprises 42,500,176 ordinary shares of 10p each, of which 4,822,603 Ordinary Shares, approximately 11.5% of the Company's issued share capital, are in public hands.

Restoration of Trading

Following completion of the Capital Reduction, trading in the Ordinary Shares on the Aquis Growth Market is expected to be restored with effect from 08.00 on Wednesday, 1 May 2024 ("Restoration").

On Restoration, there will be no change to the Company's Aquis Growth Market symbol (TIDM - SLWD), ISIN (GB00BNRRGD95) SEDOL (BNRRGD9) or LEI (213800MOKU1KYZUFYZ40).

Concert Party

On Restoration, the Concert Party will be interested in Ordinary Shares as follows:

Shareholder	Ordinary Shares	%
Andrew Gerrie and Alison Hawksley*	8,660,363	20.38
Brooke Gerrie	-	-
Oliver Gerrie	-	-
Aline Gerrie	-	-
Castelnau Group Limited	12,718,499	29.93
Andrew Tone	9,065,412	21.33
Angus Thirlwell	571,429	1.34
Fushia Investments PTE LTD	571,429	1.34
Paul Hodgins	28,577	0.07
James Wilson	28,572	0.07
Hu Yu	14,286	0.03
Total	31,658,567	74.49%

*This holding comprises shares held jointly and individually in the names of Andrew Gerrie and his wife, Alison Hawksley, together with shares held by Silver Americum Limited, a company in which Andrew Gerrie and Alison Hawksley each hold separate 20% stakes.

Total Voting Rights

The figure of 42,500,176 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Words and expressions defined in the circular to shareholders dated 20 February 2024 have the same meaning in this announcement.

--Ends--

Silverwood Brands Plc Andrew Gerrie Paul Hodgins	[e-mail]
Peterhouse Capital Limited (Aquis Corporate Adviser) Mark Anwyl Narisha Ragoonanthun Brefo Gyasi	[phone]

About Silverwood Brands PLC

Silverwood Brands PLC is a leader in the health and beauty industry, committed to developing and marketing high-quality products that meet the diverse needs of consumers worldwide. Through strategic acquisitions and organic growth, Silverwood Brands continues to enhance its portfolio and global reach, ensuring a strong position in the competitive health and beauty market.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Gerrie and Alison Hawksley
2	Reason for the notification
a)	Position/status	Chief Executive Officer and Person Closely Associated
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Silverwood Brands plc
b)	LEI	213800MOKU1KYZUFYZ40
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 10p each ISIN: GB00BNRRGD95
b)	Nature of the transaction	Cancellation of Ordinary Shares held by Andrew Gerrie and Alison Hawksley
c)	Price(s) and volume(s)	228,212,632 Ordinary Shares Nil consideration
d)	Aggregated information - Aggregated volume - Price	n/a - single transaction
e)	Date of the transaction	30 April 2024
f)	Place of the transaction	Off market

 

END