Director/PDMR Shareholding

RNS Number : 4569K

Plastics Capital PLC

21 September 2016

 

Plastics Capital plc

(the "Company" or the "Group")

Director/PDMR shareholding

The Company has been notified by Faisal Rahmatallah, Chairman, of an error in relation to past disclosure of his interest in ordinary shares of 1p each in the Company ("Ordinary Shares"). Due to a data input error, his interest has been overstated by 3,000 Ordinary Shares since 23 April 2009. Mr Rahmatallah has confirmed he is actually interested in 2,751,067 Ordinary Shares, which represents 7.72 per cent. of the issued ordinary share capital of the Company.

Plastics Capital plc	Tel: [phone]
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Cenkos Securities	Tel: [phone]
(Nomad and joint broker) Mark Connelly Callum Davidson
Allenby Capital Limited	Tel: [phone]
(Joint broker) David Hart
Katrina Perez
Walbrook PR Ltd	Tel: [phone]/[e-mail]
Paul Cornelius	Mob: [phone]
Helen Cresswell	Mob: [phone]

Notes to Editors

Plastics Capital is a niche manufacturer of specialist plastic products.  Applications for these products vary widely and examples include:

·     Packaging for the food manufacturing and distribution - films, sacks and pouches

·     Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

·     Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·     Cardboard box manufacture - plastic creasing matrices

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia.  Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.

 

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