Issue of Equity

RNS Number : 4998T

Plastics Capital PLC

29 September 2010

 



For Immediate Release

29 September 2010

Plastics Capital plc

("Plastics Capital" or the "Group")

Issue of Equity

Plastics Capital plc (AIM: PLA), the niche plastics products manufacturer, is pleased to announce that pursuant to a Long Term Incentive Plan for more than 20 managers across its subsidiaries, the Group has issued 539,069 new ordinary shares of 1p each to Plastics Capital (Trustee) Limited as trustee for the employees of the Group at a price of 38.5 pence per share, being the closing mid-price of the Group's ordinary shares on 28^th September.  Application has been made for the new shares to be admitted to trading on AIM, with admission expected to take place tomorrow. Following admission, the Group will have 27,492,532 shares in issue and Plastics Capital (Trustee) Limited will hold 871,655 ordinary shares in the Group, representing 3.17 per cent. of the Group's issued share capital.

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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

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 and Japan. Approximately 60 per cent of sales are exported 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 280 employees.

Further information can be found on www.plasticscapital.com

 

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