Director Dealings

RNS Number : 7791R

Warpaint London PLC

19 June 2018

 

19 June 2018

     Warpaint London plc

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

Director Dealings

Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announces that on 18 June 2018, Sara Bazini and Laura Macleod, the respective wives of Samuel Bazini and Eoin Macleod, the Joint Chief Executive Officers of the Company, each sold 1,250,000 ordinary shares of 25 pence each in the Company ("Ordinary Shares") at a price of 233.825p per Ordinary Share in order to satisfy institutional demand.

Following the above transactions, each of Samuel Bazini and his connected parties, and Eoin Macleod and his connected parties, hold 19,295,208 Ordinary Shares, representing 25.14% of the Company's issued share capital each.

Enquiries:

Warpaint London plc     Sam Bazini - Joint Chief Executive           Eoin Macleod - Joint Chief Executive     Neil Rodol - Chief Financial Officer	020 3053 8671
Stockdale Securities Limited (Nominated Adviser and Broker) Andy Crossley, Antonio Bossi, Ed Thomas - Corporate Finance Fiona Conroy - Corporate Broking	020 7601 6100
IFC Advisory (Financial PR & IR) Tim Metcalfe Heather Armstrong Florence Chandler	020 3934 6630

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 primarily consists of the Group's flagship brand, W7, together with the Technic, Body Collection and Man'stuff brands acquired through the acquisition of Retra Holdings in 2017.

W7 is 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 700 items which are sold into high street retailers and independent beauty shops across the UK, Europe, Australia and the US. In 2017, W7 was supplied in more than 60 countries.

In 2017 Warpaint completed the acquisition of Retra Holdings Limited, a UK colour cosmetics business with a significant focus on the gifting market, principally for high street retailers and supermarkets including Boots, Superdrug and Asda. Retra owns three major brands: Technic, Body Collection and Man'stuff, in addition to supplying white label cosmetics produced for several major high street retailers including Asda and Matalan.

 

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