24th Sep 2012 07:00
Press Release | 24 September 2012 |
Sorbic International plc
("Sorbic" or the "Company")
Notification of Shareholding
Sorbic International plc (AIM:SORB), the third largest sorbates producer in China, was informed on 21st September, that Albany Capital Group Limited has distributed 6,786,949 shares in specie to its shareholders and as a consequence its original holding of 6,787,017 (17.66%) has decreased to 66.
Following the above, John McLean's holding has increased by 178,262 to 244,929 (0.005%).
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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 7600 1658 |
Media enquiries:
Abchurch Communications | |
Joanne Shears / Oliver Baxendale | Tel: +44 (0)20 7398 7709 |
www.abchurch-group.com |
Notes to Editors: www.sorbicinternational.com
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.
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
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