Plastics Capital PLC
03 December 2007
For Immediate Release 3 December 2007
Plastics Capital plc
FIRST DAY OF DEALINGS ON AIM OF
LONDON STOCK EXCHANGE PLC
('Plastics Capital' or the 'Company')
Plastics Capital, the consolidator of plastics products manufacturers focused on
proprietary products for niche markets, today announces that dealings have
commenced in 1,926,002 Ordinary Shares, representing the EIS Qualifying Shares
and the Existing Ordinary Shares in issue prior to the Placing, following First
Admission to AIM.
Dealings in the Company's Shares following Second Admission, Third Admission and
Fourth Admission are expected in accordance with the timetable below.
Expected Timetable
Second Admission
8.00am on Tuesday 4 December
1,050,000 Ordinary Shares, representing the First VCT Qualifying Shares
Third Admission
8.00am on Wednesday 5 December
7,984,000 Ordinary Shares, representing the Second VCT Qualifying Shares
Fourth Admission
8.00am on Thursday 6 December
15,889,998 Ordinary Shares, representing the Consideration Shares and the
Non-VCT Qualifying Shares
Total sum of all four Admissions amounts to 26,850,000 Ordinary Shares which at
the Placing Price of 100 pence per Share would give a market capitalisation of
£26.85 million assuming Second Admission, Third Admission and Fourth Admission
occur.
Plastics Capital will appear under the EPIC code 'PLA'.
Charles Stanley Securities, a trading division of Charles Stanley & Co. Limited
('Charles Stanley') is acting as the Nominated Adviser and Broker to Plastics
Capital.
Faisal Rahmatallah, Chairman, commenting on first day dealings said:
'I am delighted with the response from investors. Not only will the flotation
raise our profile in the marketplace, but it will now enable the Company to
continue its highly focused acquisition strategy. We look forward to continuing
the successful growth of Plastics Capital as a public company.'
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:
The Company has been incorporated with the aim of acquiring Plastics Capital
Trading Limited and its subsidiaries (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
responsibility of Charles Stanley as Nominated Adviser is owed solely to the
London Stock Exchange and not to the Company or its directors or any other
person in respect of his 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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Obtains access to the information in a personal capacity;
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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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