Plastics Capital PLC
06 December 2007
For Immediate Release 6 December 2007
Plastics Capital plc
('Plastics Capital' or the 'Company')
DEALINGS ON AIM
FOLLOWING FOURTH ADMISSION
Plastics Capital, the consolidator of plastics products manufacturers focused on
proprietary products for niche markets, today announces that dealings have
commenced in 15,889,998 Ordinary Shares, representing the Consideration Shares
and the Non-VCT Qualifying Shares, following Fourth Admission to AIM.
The total sum of all four Admissions amounts to 26,850,000 Ordinary Shares which
at the Placing Price of 100 pence per Share gives the Company a market
capitalisation of £26.85 million.
Plastics Capital Trading Limited and its subsidiaries (the 'Group') have today
been acquired by the Company following Fourth Admission in accordance with the
terms of the Share Exchange Agreement.
Plastics Capital appears under the EPIC code 'PLA'.
Charles Stanley Securities, a trading division of Charles Stanley & Co. Limited
('Charles Stanley'), is acting as Nominated Adviser and Broker to Plastics
Capital.
Unless otherwise specifically defined in this announcement terms defined in the
Admission Document have the same meanings when used in this announcement.
For further information, please contact:
Plastics Capital plc Tel: 0207 326 8423
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Charles Stanley Securities Tel: 0207 149 6000
Nominated Adviser & Broker
Philip Davies
Carl Holmes
Buchanan Communications Tel: 0207 466 5000
Richard Darby
Susanna Gale
Christian Goodbody
Images can be found at www.fovea.tv
Notes to Editors:
Plastics Capital plc has today acquired the Group pursuant to the Share Exchange
Agreement.
Plastics Capital Trading Limited is a consolidator of plastics products
manufacturers focused on proprietary products for niche markets. The Group has
five factories in the UK, an assembly operation in Thailand and sales offices in
the US and Japan. Approximately 70 per cent. of sales are exported to countries
worldwide. Production is concentrated in the UK where significant engineering
know-how and automation underpins the Group's competitiveness. The Group has 250
employees.
Further information can be found on www.plasticscapital.com
Important Information
The Company and its directors are solely responsible for this announcement.
Charles Stanley, which is authorised and regulated by the Financial Services
Authority, is acting as Nominated Adviser and Broker to the Company and for no
one else in relation to the Placing and Admission and will not be responsible to
any person other than the Company for providing the protections afforded to
customers of Charles Stanley or for advising any other person on the contents of
this announcement or any transaction or arrangement referred to herein. The
responsibilities of Charles Stanley as Nominated Adviser are owed solely to the
London Stock Exchange and not to the Company or its directors or any other
person in respect of any decision to acquire shares in the Company in reliance
on any part of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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