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Holding(s) in Company

27th Feb 2014 12:00

RNS Number : 1027B
Camkids Group PLC
27 February 2014
 



 

 

 

Press Release

27 February 2014

 

Camkids Group plc

 

("Camkids" or the "Company")

 

Holdings in Company

 

Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, announces that the Company has received notification from Universe Glory Enterprises Limited ("Universe Glory") that it now holds 2,813,839 shares representing 3.73% of the issued share capital of Camkids.

 

Universe Glory has also entered into a twelve month extension to the lock-in and orderly market agreement it entered into on 18 December 2012 (the "Lock-in Agreement") such that it has agreed only to sell or transfer shares in Camkids in such a manner as Allenby Capital, Camkids' nominated adviser and broker, may require with a view to the maintenance of an orderly market. The Lock-in Agreement now expires on 16 March 2015.

 

- Ends -

 

For further information:

Camkids Group plc

Zhang Congming, Executive Chairman

Tel: +44 (0) 20 7398 7709

Ng Pei Eng, Chief Finance Officer

www.camkids-ir.com

 

Allenby Capital Limited

Alex Price / James Reeve / Nick Athanas

Tel: +44 (0) 20 3328 5656

[email protected]

www.allenbycapital.com

 

Media enquiries:

Abchurch Communications Limited

Henry Harrison-Topham / Harriet Rae

Tel: +44 (0) 20 7398 7718

[email protected]

www.abchurch-group.com

 

Notes to Editors

Camkids is a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers.

 

Based in Fujian province in China, the Group focuses on teenage sportswear for outdoor activities, combining functionality and innovation. The products are mid-range price based, targeting mid and high range markets within China.

 

The three main product areas are:

· Camkids outdoor clothing - all weather jackets, waterproof trousers, shirts, tops and T-shirts, woollen sweaters, jeans, trousers shorts and skirts;

· Camkids footwear - hiking boots, outdoor leisure footwear, flip-flops, sandals and boots

· Camkids equipment and accessories - telescopes, backpacks, technical packs, tents, sleeping bags, headgear, caps, kettles, headlights and torches.

 

The Group designs its entire product range and manufactures the majority of its footwear. Outdoor apparel and accessories are currently manufactured by third party OEMs.

 

Camkids' primary route to market for the sale of its products is through its network of distributors. The Group has established an extensive distribution network across 29 provinces, 4 municipalities and 5 autonomous regions within the PRC and is successfully expanding its presence in tier 3 and tier 4 cities. The Group has 17 authorised distributors operating over 1,285 franchised retail outlets, and is in the early stages of developing an online e-commerce platform to target online retail.

 

Camkids has received a number of prestigious awards. In January 2014, the Group was recognised by Asia Brand Association as the Top Brand in China for 2013 and one of the top ten Industry Customer Satisfaction Brand's. The Group's Chairman also received one of Brand China's 'People of the Year' awards.

 

For more information please visit www.camkids-ir.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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