Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSorbic International Regulatory News (SORB)

  • There is currently no data for SORB

Update on Manufacturing Facilities

30 May 2013 07:00

RNS Number : 8382F
Sorbic International PLC
30 May 2013
Β 

ο»Ώ

Β 

Β 

Press Release

Β 30 May 2013

Β 

Β 

Sorbic International plc

("Sorbic" or the "Company")

Β 

Update on Manufacturing Facilities and

Notice of Interim Results

Β 

Sorbic International plc (AIM:SORB), the third largest sorbates producer in China, today provides the following update on its manufacturing facilities.

Β 

As detailed in the announcement issued on 23 April 2013, the Board has been working towards finalising the details of the compensation package in relation to the Company's manufacturing facility in Ulanqab City, Inner Mongolia. The Company has subsequently been approached by local authorities in Linyi City with regards to a new, possibly more beneficial opportunity relating to the relocation of the Company's existing original facility in Linyi City, Shandong Province. In light of this approach, the Board has decided to await further detailed information on the new potential Linyi City compensation package that would be offered to the Company prior to concluding on the negotiations relating to the Inner Mongolia compensation package. The Board is keen to act in the best interests of its shareholders and, it will need to review this new opportunity fully prior to making a further update to the market.

Β 

The Company also announces that it will be announcing its Interim Results for the six months ended 31 March 2013 on Monday 17 June 2013.

Β 

- Ends -

Β 

Β 

Β 

For further information:

Sorbic International plc

Tel: +44 (0)7768 031 454

John McLean, Chairman

www.sorbicinternational.com

finnCap

Geoff Nash / Ben Thompson

Simon Starr (broking)

Tel: +44 (0) 20 7220 0500

Β 

Media enquiries:

Abchurch Communications

Henry Harrison-Topham / Joanne Shears

Tel: +44 (0)20 7398 7709

joanne.shears@abchurch-group.com

www.abchurch-group.com

Β 

Notes to Editors: www.sorbicinternational.com

Β 

About Sorbic International plc

Sorbic International's principal activity is the production and sale of the food preservatives Sorbic Acid and Potassium Sorbate from its base in Linyi City, Shandong Province, Peoples Republic of China. Approximately half of Sorbic International's production is sold to overseas markets, across 46 countries and half into the Chinese domestic market.

Β 

Sorbic Acid is a naturally occurring organic compound that is used in all kinds of foods for its anti-decomposition and anti-fungus function and also in grains, medicines, cosmetics, toothpaste, tobacco, animal feed, latex, paper-manufacturing and pesticides. Potassium Sorbate is used to inhibit moulds and yeasts in many foods, such as cheese, wine, yogurt, dried meat, baked goods, cosmetics and pharmaceuticals.

Β 

Β 

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
MSCLLFVEEDIAFIV
12
Date   Source Headline
14th Dec 20117:00 amRNSPreliminary Results
4th Nov 20117:00 amRNSUpdate on New Facility
31st Oct 20112:05 pmRNSDirectorate Change
26th Oct 20117:00 amRNSTrading Update
26th Sep 20117:00 amRNSCompletion of new facility
24th Jun 20117:00 amRNSInterim Results
15th Apr 20117:00 amRNSApplication to PLUS Markets
28th Mar 201110:34 amRNSResult of AGM
4th Mar 20113:09 pmRNSAnnual Report and Accounts and Notice of AGM
25th Feb 20117:00 amRNS£1.6 million fundraising
14th Jan 20117:00 amRNSConvertible Loan Update
23rd Dec 20107:00 amRNSPreliminary Unaudited Results
16th Dec 20109:15 amRNSConvertible Loan Update and Notice of Results
27th Aug 20108:35 amRNSConvertible Loan and Trading Update
19th Aug 20107:00 amRNSAcquisition of Land and Loan of RMB 24.4 million
6th Jul 201011:39 amRNSChange of name of adviser
24th Jun 20101:00 pmRNSInterim Results
26th Apr 20107:00 amRNSConstruction of New Facility Begins
25th Mar 20107:00 amRNSTrading Update and Expansion Plans
15th Jan 201012:47 pmRNSResult of General Meeting
30th Nov 20097:00 amRNSFinal Results
26th Nov 20092:54 pmRNSNotification of Final Results
28th Oct 200911:39 amRNSTrading Update and Expansion Plans
28th May 20097:00 amRNSInterim Results
30th Mar 20097:00 amRNSAppointment of New Finance Director
20th Mar 20097:00 amRNSAcquisition Meets Profit Target
6th Mar 20091:12 pmRNSLoan Agreement
13th Feb 20097:00 amRNSHolding(s) in Company
13th Feb 20097:00 amRNSLoan Agreement
14th Jan 20092:22 pmRNSResult of Meeting
23rd Dec 200812:35 pmRNSAnnual Report and Accounts
22nd Dec 20087:00 amRNSPreliminary Results (nine months ended 30.09.08)
8th Dec 200811:39 amRNSResult of AGM
12th Nov 20087:00 amRNSNotice of AGM
24th Oct 20087:00 amRNSUpdate Re: New Production Facilities
30th Sep 200811:38 amRNSInvestment Update
30th Sep 20087:00 amRNSCompletion of Acquisition and Change of Name
29th Sep 200811:39 amRNSResult of EGM
12th Sep 20087:00 amRNSSchedule 1 - Ninety plc
4th Sep 20083:52 pmRNSInvestment in Honour Field
4th Sep 20083:18 pmRNSAcquisition
14th Aug 20087:00 amRNSDirectorate Change
23rd May 20087:36 amRNSInterim Results
26th Mar 20082:42 pmRNSAccounting reference date
16th Jan 20084:10 pmRNSHolding(s) in Company
24th Oct 20079:34 amRNSNinety Plc - Float on AIM
24th Oct 20078:11 amRNSFirst day of Dealings
12

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.