Last checked at 1 Jun 2017 16:28
Plastics Capital plc
("Plastics Capital" the "Company" or the "Group")
Application for Admission
Plastics Capital, the niche plastics products group, announces that an application has been made for 50,063 ordinary shares of 1p each to be admitted to trading on AIM ("Admission"). This application relates to an historic exercise of share options by certain of the Company's management team and resultant issue of new ordinary shares, as announced on 30 June 2008. Admission is expected to occur at 8.00 a.m. on 5 June 2017.
Following Admission the total number of voting rights in the Company will remain unchanged at 38,945,151.
Contacts:
Plastics Capital plc | Tel: 020 7978 0574 |
Faisal Rahmatallah, Executive Chairman |
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Nick Ball, Finance Director |
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Cenkos Securities plc (Nomad and Joint broker) | Tel: 020 7397 8900 |
Mark Connelly Callum Davidson |
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Allenby Capital Limited (Joint broker) | Tel: 020 3328 5656 |
David Hart Katrina Perez James Reeve |
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Notes to Editors
Plastics Capital is a niche manufacturer of specialist plastic products. Applications for these products vary widely and examples include:
· Packaging for the food manufacturing and distribution - films, sacks and pouches
· Steering columns and instrument control knobs in the automotive industry - plastic ball bearings
· Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel
· Cardboard box manufacture - plastic creasing matrices
Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.
The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia. Approximately 45 per cent. of its £65 million sales are made outside the UK to more than 80 countries.
Further information can be found on www.plasticscapital.com