Application for Admission

RNS Number : 9200G

Plastics Capital PLC

01 June 2017

 

Plastics Capital plc

("Plastics Capital" the "Company" or the "Group")

Application for Admission

Plastics Capital, the niche plastics products group, announces that an application has been made for 50,063 ordinary shares of 1p each to be admitted to trading on AIM ("Admission"). This application relates to an historic exercise of share options by certain of the Company's management team and resultant issue of new ordinary shares, as announced on 30 June 2008. Admission is expected to occur at 8.00 a.m. on 5 June 2017. 

Following Admission the total number of voting rights in the Company will remain unchanged at 38,945,151.

Contacts:

Plastics Capital plc	Tel: [phone]
Faisal Rahmatallah, Executive Chairman
Nick Ball, Finance Director
Cenkos Securities plc (Nomad and Joint broker)	Tel: [phone]
Mark Connelly Callum Davidson
Allenby Capital Limited (Joint broker)	Tel: [phone]
David Hart Katrina Perez James Reeve

Notes to Editors

Plastics Capital is a niche manufacturer of specialist plastic products.  Applications for these products vary widely and examples include:

·    Packaging for the food manufacturing and distribution - films, sacks and pouches

·    Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

·    Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·    Cardboard box manufacture - plastic creasing matrices

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia.  Approximately 45 per cent. of its £65 million sales are made outside the UK to more than 80 countries.

Further information can be found on www.plasticscapital.com

 

END

 

 

ALSEFLFBDQFLBBD