Last checked at 19 Apr 2024 07:00
19 April 2024
Silverwood Brands Plc
("Silverwood" or the "Company"; together with its subsidiaries, the "Group)
Delayed Restoration of Trading
Silverwood Brands plc (Aquis: SLWD), a holding company established to invest primarily in branded consumer businesses, is pleased to announce that the Capital Reduction approved by Shareholders on 8 March 2024 was confirmed by the Court on 16 April 2024.
However, the Capital Reduction only takes effect when the Court order is registered by the Registrar of Companies, and, despite the Company's lawyers lodging the Court order with the Registrar of Companies on 16 April 2024 and paying for expedited registration, the Registrar of Companies has not yet registered the Court order. The Company has been advised that registration of the order could take 8 - 10 days.
Accordingly, trading in the Ordinary Shares on the Aquis Growth Market will not be restored, as initially expected, on Friday, 19 April 2024, and a further announcement will be made in due course.
Words and expressions defined in the circular to shareholders dated 20 February 2024 have the same meaning in this announcement.
--Ends--
Silverwood Brands Plc Andrew Gerrie Paul Hodgins
| info@silverwoodbrands.com |
Peterhouse Capital Limited (Aquis Corporate Adviser) Mark Anwyl Narisha Ragoonanthun Brefo Gyasi
| +44 (0)20 7469 0930 |
About Silverwood Brands PLC
Silverwood Brands PLC is a leader in the health and beauty industry, committed to developing and marketing high-quality products that meet the diverse needs of consumers worldwide. Through strategic acquisitions and organic growth, Silverwood Brands continues to enhance its portfolio and global reach, ensuring a strong position in the competitive health and beauty market.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).