Completion of the Acquisition of Retra

RNS Number : 9608X

Warpaint London PLC

30 November 2017

 

30 November 2017

Warpaint London PLC

("Warpaint", the "Company" or the "Group")

Completion of the Acquisition of Retra

Warpaint London PLC (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 brand, is pleased to announce the completion of the acquisition of Retra Holdings Limited.

The Company confirms the admission of 12,210,525 new ordinary shares in the Company to trading on AIM earlier today ("Admission"). Following Admission, the total number of shares in issue will be 76,749,125. The Company does not hold any shares in treasury. This figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Following Admission, the shareholdings of the Directors of the Company are as follows:

Director	Total Number of ordinary shares held in the Company	Percentage of issued share capital of the Company
Sam Bazini*	20,545,208	26.77%
Eoin Macleod*	20,545,208	26.77%
Clive Garston	126,315	0.16%
Neil Rodol	103,961	0.14%
Paul Hagon	31,145	0.04%
Keith Sadler	31,145	0.04%

* Including 3,000,000 Ordinary Shares held by the Director's wife

Enquiries:

Warpaint London PLC     Sam Bazini - Joint Chief Executive Officer Eoin Macleod - Joint Chief Executive Officer Neil Rodol - Chief Financial Officer	020 3053 8671
Stockdale Securities Limited (Nominated Adviser and Broker) Mark Brown, Antonio Bossi, Ed Thomas - Corporate Finance Fiona Conroy - Corporate Broking	020 7601 6100
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe Graham Herring Heather Armstrong Miles Nolan	020 3053 8671

About Warpaint London PLC

Warpaint London is a colour cosmetics business, based in Iver, Buckinghamshire. It is made up of two divisions: close-out and own-brand. The second and larger own-brand division consists primarily of the Group's flagship brand, W7 - an extremely creative, design-focused cosmetic brand proposition with a focus on the 16-30 age range, delivering high-quality cosmetics at affordable prices. The W7 brand has grown organically since its inception in 2002 and now contains over 500 items which are sold into high street retailers and independent beauty shops across the UK, Europe, Australia and the US. In 2016, W7 was supplied to over 250 customers in more than 50 countries.

 

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