Issue of Equity

RNS Number : 5732Z

Plastics Capital PLC

17 January 2011

 



For immediate release

17 January 2011

Plastics Capital plc

("Company" or the "Group")

Issue of Equity

Plastics Capital plc (AIM: PLA), the niche plastics products manufacturer, is pleased to announce that pursuant to the appointment of Keith Oliver Butler-Wheelhouse as a Non-Executive Director, the Group has issued 50,000 new ordinary shares of 1p each to Mr. Butler-Wheelhouse (representing 0.18% of the Company's issued share capital) at a price of 72.5 pence per sharebeing the closing mid-price of the Group's ordinary shares on 14 January 2010.  Application has been made for the new shares to be admitted to trading on AIM, with admission expected to take place on 18 January 2010. Following admission, the Group will have 27,542,532 shares in issue.

For further information please contact:

Plastics Capital plc                                                                  Tel: [phone]

Faisal Rahmatallah, Executive Chairman

Nick Ball, Finance Director

Cenkos Securities                                                                    Tel: [phone]

Stephen Keys

Liz Bowman

Buchanan Communications                                                     Tel: [phone]

Richard Darby

Christian Goodbody

Jonathan Rivlin

Notes to Editors

Plastics Capital is a consolidator of plastics products manufacturers 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, India and China.  Approximately 62 per cent of sales are outside the UK going to over 70 countries worldwide.  Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness.  The Group has approximately 290 employees.

Further information can be found on www.plasticscapital.com

 

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