Last checked at 18 Nov 2013 10:09
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:
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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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