Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Coral Products PLC (CRU)

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Wednesday 24 June, 2015

Coral Products PLC

Asset Acquisition & Subscription

RNS Number : 0717R
Coral Products PLC
24 June 2015
 

24 June 2015

CORAL PRODUCTS PLC

("Coral" or the "Company")

 

Asset Acquisition & Subscription

 

Coral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside, is pleased to announce that it has acquired certain injection moulding, extrusion blow moulding and injection blow moulding plant and machinery ("Assets") from Neiman Packaging Limited ("Neiman") for a total consideration of up to £500,000 in cash, comprising an initial consideration of £300,000 and an earn-out consideration of up to £200,000, details of which are set out below ("Acquisition").

 

Neiman has used these Assets to manufacture a range of packaging products for non-group customers principally in the health, hygiene and personal care markets. The Assets will be installed as two new production lines at Coral's manufacturing plant at Haydock and will result in a significant increase in utilisation of the Haydock facility.

 

Under the terms of the Acquisition, the earn-out consideration will be calculated on a pro-rata basis on revenues generated by the Assets between £2 million and £3.5 million in months 4 to 15 from the date on which the Assets are introduced to Coral's business.

 

The Acquisition and the associated working capital facility, estimated to be in the order of £100,000, will be funded by a combination of existing bank facilities and funds raised via a subscription for 1,750,000 new ordinary shares ("Subscription Shares") at a price of 13.5 pence per share raising gross proceeds of £236,250 (the "Subscription").  The Subscription was conducted by Daniel Stewart & Company plc.

 

Application will be made to the London Stock Exchange to admit the Subscription Shares to trading on AIM and admission is expected to occur on 8 July 2015. The Placing Shares will rank pari passu with the Company's existing ordinary shares.

 

Following the issue of the Subscription Shares, the enlarged issued share capital of the Company will comprise 59,611,535 ordinary shares of 1 penny each. 

 

Chairman Joe Grimmond commented on the Acquisition:

 

"We are delighted to have the opportunity to acquire such quality assets, with which we have acquired the capacity for producing a range of proprietary packaging products that are currently sold to a substantial number of customers that will be new to Coral across a number of growth sectors.

 

"Historical sales of around £3 million per annum associated with the Assets provide a firm foundation from which to expand our sales in these new sectors. The machinery purchased, which will be moved to our Haydock site, improves and increases our injection moulding capacity. It also introduces two new manufacturing processes, injection blow moulding and extrusion blow moulding, enhancing our range of manufacturing capability.

 

"The Acquisition is in line with the Company's new 5 year plan aimed at substantially increasing group revenue and profitability from our specialist plastic products manufacturing and distribution activities.

 

"We expect that the Acquisition will make a significant contribution to sales and profitability in the current financial year."

 

 

 

Enquiries

 

Coral Products plc

Joe Grimmond, Executive Chairman

 

Tel: 07703 518 148

 

Nominated Adviser

Cairn Financial Advisers LLP

Tony Rawlinson / Avi Robinson

 

 

Tel: 020 7148 7900

Broker

Daniel Stewart & Company plc

David Lawman / David Coffman

 

 

Tel: 020 7776 6550

PR

Capital Markets Consultants Limited

Richard Pearson

Tel: 07515 587184

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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