Result of General Meeting

RNS Number : 2666T
Plastics Capital PLC
18 November 2013
 



Plastics Capital plc

("Plastics Capital" or the "Company")

 

Result of General Meeting

 

The Board of Plastics Capital announces that all resolutions put to shareholders at the Company's General Meeting held earlier today were duly passed.

 

Application has been made for a total of 2,700,000 new ordinary shares to be admitted to trading on AIM. Dealing is expected to commence in respect of 1,000,000 new ordinary shares at 08:00 on 19 November 2013 and in respect of 1,700,000 new ordinary shares at 08:00 on 20 November 2013.

 

In conformity with rule 5.6.1 of Disclosure and Transparency Rules, the Board of the Company notifies the market of the following:

 

The total number of ordinary shares of 1p each in Plastics Capital in issue following the admission of the 2,700,000 new ordinary shares will be 30,242,532 with each share carrying the right to one vote. There are no shares held in Treasury. The above figure may be used by shareholders 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, Plastics Capital under the FCA's Disclosure and Transparency Rules.

Faisal Rahmatallah, Chairman and CEO of Plastics Capital, said:  "I am delighted that existing and new investors have supported us in the strategic acquisition of the leading creasing matrix manufacturer in China. China is one of the world's fastest growing markets for creasing matrix and Shengli has developed a strong brand and excellent distribution network. The combination of our UK C&T business with Shengli in China will bring our customers a world-class product offering for die cutting and creasing products."

 

For more information, please visit www.plasticscapital.com or contact:

 

Plastics Capital plc

Tel: 020 7326 8423

Faisal Rahmatallah, Executive Chairman

 

Nick Ball, Finance Director

 

 

 

Cenkos Securities plc

Tel: 020 7397 8900

Stephen Keys

 

Camilla Hume

 

 

 

First Columbus

Tel: 020 3002 2074

Katrina Perez

 

Marianne Woods

 

 

 

Walbrook PR Ltd

Tel: 020 7933 8780

Paul Cornelius

Mob: 07866 384 707

paul.cornelius@walbrookir.com

Helen Cresswell

Mob: 07841 917 679

helen.cresswell@walbrookpr.com






Notes to Editor

Plastics Capital is a plastics products manufacturer 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, China and India.  Approximately 60 per cent of sales are exported to over 80 countries worldwide.  Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness.  The Group has approximately 300 employees.

 

Further information can be found on www.plasticscapital.com.

 















 

 


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