Lush transaction update; legal proceedings notice
Silverwood Brands Plc
("Silverwood" or the "Company")
Update on Lush Transaction; Notice of Legal Proceedings
Silverwood Brands plc ("the Company") (AQSE: SLWD), a holding company established to invest primarily in branded consumer businesses, wishes to advise shareholders that on 26 July 2023, the Company received service of legal proceedings from Lush Cosmetics Limited and Cosmetic Warriors Limited (together "Lush").
Lush is seeking, inter alia, declaratory relief that the transfers of shares in Lush to Cosmic Circles Limited, the wholly owned subsidiary of Silverwood, were not compliant with their Articles of Association and that they were entitled to refuse to register the transfers. Silverwood disagrees with Lush and is seeking legal advice in relation to its next steps.
|
Silverwood Brands plc |
|
|
Paul Hodgins |
info@silverwoodbrands.com |
|
|
|
|
VSA Capital - AQSE Corporate Adviser and Broker |
+44(0)20 3005 5000 |
|
Andrew Raca, Simba Khatai, Alexander Cabral (Corporate Finance) Andrew Monk, David Scriven, Peter Mattsson (Corporate Broking)
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 hour ago DG Innovate
- 1 hour ago Mineral & Financial Investments Limited (DI)
- 1 hour ago Futura Medical
- 2 days ago Next
- 2 days ago CT Private Equity Trust