21st Sep 2016 12:43
Plastics Capital plc
(the "Company" or the "Group")
Director/PDMR shareholding
The Company has been notified by Faisal Rahmatallah, Chairman, of an error in relation to past disclosure of his interest in ordinary shares of 1p each in the Company ("Ordinary Shares"). Due to a data input error, his interest has been overstated by 3,000 Ordinary Shares since 23 April 2009. Mr Rahmatallah has confirmed he is actually interested in 2,751,067 Ordinary Shares, which represents 7.72 per cent. of the issued ordinary share capital of the Company.
Plastics Capital plc | Tel: 020 7978 0574 |
Faisal Rahmatallah, Chairman |
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Nick Ball, Finance Director |
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Cenkos Securities | Tel: 020 7397 8900 |
(Nomad and joint broker) Mark Connelly Callum Davidson |
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Allenby Capital Limited | Tel: 020 3328 5656 |
(Joint broker) David Hart |
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Katrina Perez |
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Walbrook PR Ltd | Tel: 020 7933 8780/[email protected] |
Paul Cornelius | Mob: 07866 384 707 |
Helen Cresswell | Mob: 07841 917 679 |
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 40% of its £55 million sales are made outside the UK to more than 80 countries.
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Synergia Energy