FILTRONA PLC TO BE RE-BRANDED ESSENTRA PLC

RNS Number : 3974G

Filtrona plc

06 June 2013

 

6 June 2013

                                                                 FILTRONA PLC             

 A leading international supplier of speciality plastic, fibre, foam and packaging products

FILTRONA PLC TO BE RE-BRANDED ESSENTRA PLC

The Board of Filtrona plc ("Filtrona" or "the Company") today announces that, with effect from Wednesday 26 June 2013, Filtrona plc will be renamed Essentra plc. 

Essentra, an abstract name, was specifically chosen to capture what each of Filtrona's businesses manufactures and supplies; namely millions of small but essential components which often play a critical enabling role in the products of the Company's customers, everywhere and every day.  The selection of a new brand for Filtrona has taken over a year of planning, extensive research and testing, and it is considered that the new identity of Essentra best represents the Company's activities and products.

As part of its Vision 2015 strategy, the Company has progressively been creating a more unified culture, working together in a more co-ordinated way across the Company rather than down the divisions so as to leverage the Group's collective skills and capabilities more effectively.  The Essentra brand will be adopted by each of Filtrona's businesses, representing a change from the current situation where the Filtrona name and logo is used by some but not all.  It is intended that the respective businesses will adopt the Essentra identity during the second half of the year, with a view that the roll-out will be completed by the end of 2013.  As such, Filtrona's re-branding to Essentra is an important and logical milestone on the Company's path to achieving its Vision 2015 objectives. 

The re-branding to Essentra is expected to have the following benefits:

For our customers: greater visibility as to the benefits of the Company's entire product and service offering, with more co-ordinated communication behind a single visual identity.

For our people: a more cohesive and engaging culture, aligned around a vibrant, forward-looking and dynamic corporate brand.

For our investors: a common platform behind which the entire organisation can mobilise, so as to continue to deliver sustained balanced profitable growth.

With effect from Wednesday 26 June 2013, Filtrona's London Stock Exchange ("LSE") Tradable Instrument Display Mnemonic ("TIDM") will change from FLTR.L to ESNT.L.  Essentra plc shares will continue to be traded on the main market of the London Stock Exchange.  The Company's ISIN and SEDOL numbers, being GB00B0744359 and B074435 GB respectively, will remain unchanged.

Shareholdings are unaffected by the name change, and existing share certificates should be retained, as they will remain valid for all purposes.  Any new share certificates issued after 26 June 2013 will bear the name Essentra plc.

With effect from Wednesday 26 June 2013, the Company's Coated & Security Products division will be renamed as Packaging & Securing Solutions, to better reflect the division's business activities following the recent acquisition of Contego Healthcare Limited.

Essentra plc will announce its half year results for the six months ending 30 June 2013 on Wednesday 31 July 2013.

Commenting on today's announcement, Colin Day, Chief Executive, said:

"It is eight years to the day since Filtrona came into existence as a UK plc, yet we have never shared a common identity - neither internally nor externally.  While each of our businesses manufactures and distributes a diverse and ostensibly unconnected range of products, what unites us as a Company is that we are a leading supplier of essential components to our customers.  Indeed, through working in a more co-ordinated way and leveraging our collective skills and capabilities under a single brand, we can benefit all our stakeholders and be an even more relevant partner to them.  As such, we believe that Essentra clearly encapsulates what the Company does, is and aspires to be." 

Conference call:

The Company will hold a conference call to discuss the re-branding to Essentra plc at 08:30 (UK time) today, details of which are as follows:

Dial-in number:	[phone] (UK / international participants) [phone] (US participants)
Toll-free number:	0808 237 0040 (UK participants) [phone]
PIN code:	26863554#
Replay number:	[phone] (UK / international participants)
Toll-free number:	0808 237 0026
Replay access code:	639743#
Replay available:	30 days

Copies of the presentation used during the conference call will be available on the Company's website, www.filtrona.com.  No new trading information will be disclosed.

Enquiries:

Filtrona plc Joanna Speed, Corporate Affairs Director	[phone]
Buchanan Richard Oldworth Jeremy Garcia www.buchanan.uk.com	[phone]

Expected timetable of Stock Exchange events:

The dates given in this expected timetable are based on the Company's current expectations and may be subject to change.

Announcement of name change	Thursday 6 June 2013
Last day of trading on LSE of Filtrona plc	Tuesday 25 June 2013
Change of name of Filtrona plc to Essentra plc	Close of business on Tuesday 25 June 2013
Essentra plc shares begin trading on LSE under the TIDM of ESNT.L	Wednesday 26 June 2013

Notes to Editors:

About Filtrona plc (Essentra plc with effect from 26 June 2013)

Filtrona plc is a FTSE 250 company and a leading international supplier of speciality plastic, fibre, foam and packaging products.  Through its four principal operating divisions, Filtrona focuses on the light manufacture and distribution of high volume, essential components which serve customers in a wide variety of end-markets and geographies.

Component & Protection Solutions

Component Distribution is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items.  Operating units in 23 countries serve a very broad industrial base of customers with a rapid supply of primarily plastic products for a variety of applications in industries such as hydraulics, pneumatics, electrical controls and construction.

The Pipe Protection Technologies business specialises in the manufacture of high performance innovative products from commodity resins to engineering-grade thermoplastics and polymer alloys for use in a range of end-markets.  Locations in four countries, combined with a wide distributor network, serve customers around the world.

Porous Technologies

A global market leading developer and manufacturer of custom fluid handling components, engineered from a portfolio of technologies that includes bonded and non-woven fibre, polyurethane foam and porous plastic.  Representing leading innovations used in healthcare, consumer and industrial applications, its enabling components are found in a wide range of products from medical diagnostics tests to advanced wound care pads, inkjet printer cartridges, writing instruments, clean room wipes and air fresheners.  Customers in over 56 countries are served from six manufacturing facilities with research and development centres supporting the division globally.

Coated & Security Products

A leading global provider of packaging and securing solutions to a diversified blue-chip customer base. With a focus on delivering value adding innovation, quality and service to customers through a range of cartons, tapes, leaflets, foils and labels for the consumer and specialist packaging, point of sale and paper & board industries. The division is also a leading supplier of authentication technologies and identity solutions. Customers in over 100 countries are served from facilities operating in eight countries.

Filter Products

The only global independent cigarette filter supplier.  The nine worldwide locations, including a UK-based research facility and three regional development centres provide a flexible infrastructure strategically positioned to serve the tobacco industry.  The division supplies a wide range of value adding high quality innovative filters, packaging solutions to the roll your own sector and analytical laboratory services for ingredient measurement for the industry.

Other

Enitor BV is a leading custom profile extruder located in The Netherlands and offers a complete design and production service.  One of the first companies to extrude plastics in 1956, Enitor is now one of Europe's most advanced suppliers of co-extrusions and tri-extrusions to all branches of industry.

Headquartered in the United Kingdom, Filtrona's global network extends to 29 countries and includes c. 5,000 employees, 42 principal manufacturing facilities, 64 sales & distribution operations and 5 research & development centres.  For further information, please visit www.filtrona.com 

 

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