Result of General Meeting

RNS Number : 5566X

Plastics Capital PLC

20 November 2014

 



Plastics Capital plc

("Plastics Capital" or the "Company")

Result of General Meeting

Further to the Company's announcement on 3 November 2014 concerning the conditional placing to raise £5.0 million (the "Placing") to part fund the acquisition of Flexipol Packaging Limited (the "Acquisition"), the Company is pleased to announce that at its general meeting held today in connection with the Acquisition, all resolutions put to shareholders were duly passed.

Accordingly, an application has been made for 5,102,041 new ordinary shares of 1p each ("Ordinary Shares") to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur at 8.00 a.m. on 21 November 2014. Following Admission, the Company's issued share capital will consist of 35,344,573 Ordinary Shares. Following Admission, the total number of voting rights in the Company will be 35,344,573 and this figure 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 Company under the FCA's Disclosure and Transparency Rules.

Contacts:

Plastics Capital plc	Tel: [phone]
Faisal Rahmatallah, Executive Chairman
Nick Ball, Finance Director
Cenkos Securities (Nomad and Joint broker)	Tel: [phone]
Mark Connelly Callum Davidson
Allenby Capital Limited (Joint broker)	Tel: [phone]
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 plastics products manufacturer focused on proprietary products for niche markets. The Group has four factories in the UK, one in Thailand and sales offices in the USA, Japan, China and India. Approximately 60 per cent of sales are exported to over 80 countries worldwide. Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness. The Group has approximately 350 employees.

 

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