AGM Statement

RNS Number : 0382R

Warpaint London PLC

12 June 2018

 

12 June 2018

Warpaint London plc

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

AGM Statement

Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announces that at the Annual General Meeting of the Company to be held later today, Clive Garston, Chairman of the Company, will make the following statement:

"I am pleased to report that the Company continues to trade in line with expectations and that the outlook for the rest of the year is encouraging.

Retra Holdings, acquired by the Group in November 2017, has integrated well and we are seeing the expected synergies, both operationally and from a sales perspective.

I am particularly pleased to report that our order book for Christmas sales is ahead of last year, both for W7 and the Retra brands.

We continue to ensure that we are innovative both in our product strategy and routes to market, and we look forward to providing a further update at the time of the release of our interim results in September 2018."

Enquiries:

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

 

END

 

 

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