28th Mar 2012 12:00
Press Release | 28 March 2012 |
Sorbic International plc
("Sorbic" or the "Company")
Result of AGM
Sorbic International plc (AIM:SORB), the third largest sorbates producer in China, announces that at the Annual General Meeting held today, all resolutions put to shareholders were duly passed.
As a result and following the announcement on 22 February 2012, admission will be effective and trading will commence for the second tranche of 977,410 Placing Shares on 29 March 2012. Following admission the Company will have 45,054,551 ordinary shares in issue.
- Ends -
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 / Mark Dixon | 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.
Related Shares:
Sorbic International