4th Dec 2007 07:01
Plastics Capital PLC04 December 2007 For Immediate Release 4 December 2007 Plastics Capital plc ("Plastics Capital" or the "Company") DEALINGS ON AIM FOLLOWING SECOND ADMISSION Plastics Capital, the consolidator of plastics products manufacturers focused onproprietary products for niche markets, today announces that dealings havecommenced in 1,050,000 Ordinary Shares, representing the First VCT QualifyingShares, following Second Admission to AIM. Following First Admission to AIM, dealings in 1,926,002 Ordinary Shares,representing the EIS Qualifying Shares and the Existing Ordinary Shares in issueprior to the Placing, commenced yesterday, 3 December 2007. Dealings in the Company's Shares following Third Admission and Fourth Admissionare expected to be in accordance with the timetable below. Expected Timetable Third Admission 8.00am on Wednesday 5 December 7,984,000 Ordinary Shares, representing the Second VCT Qualifying Shares Fourth Admission 8.00am on Thursday 6 December 15,889,998 Ordinary Shares, representing the Consideration Shares and theNon-VCT Qualifying Shares The total sum of all four Admissions amounts to 26,850,000 Ordinary Shares whichat the Placing Price of 100 pence per Share would give the Company a marketcapitalisation of £26.85 million assuming Third Admission and Fourth Admissionoccur. Plastics Capital appears under the EPIC code 'PLA'. Charles Stanley Securities, a trading division of Charles Stanley & Co. Limited("Charles Stanley"), is acting as Nominated Adviser and Broker to PlasticsCapital. Unless otherwise specifically defined in this announcement terms defined in theAdmission Document have the same meanings when used in this announcement. For further information, please contact: Plastics Capital plc Tel: 0207 326 8423 Faisal Rahmatallah, Chairman Nick Ball, Finance Director Charles Stanley Securities Tel: 0207 149 6000 Nominated Adviser & Broker Philip Davies Carl Holmes Buchanan Communications Tel: 0207 466 5000 Richard Darby Susanna Gale Christian Goodbody Images can be found at www.fovea.tv Notes to Editors: The Company has been incorporated with the aim of acquiring Plastics CapitalTrading Limited and its subsidiaries (the "Group") pursuant to the ShareExchange Agreement. Plastics Capital Trading Limited is a consolidator of plastics productsmanufacturers focused on proprietary products for niche markets. The Group hasfive factories in the UK, an assembly operation in Thailand and sales offices inthe US and Japan. Approximately 70 per cent. of sales are exported to countriesworldwide. Production is concentrated in the UK where significant engineeringknow-how and automation underpins the Group's competitiveness. The Group has 250employees. Further information can be found on www.plasticscapital.com Important Information The Company and its directors are solely responsible for this announcement.Charles Stanley, which is authorised and regulated by the Financial ServicesAuthority, is acting as Nominated Adviser and Broker to the Company and for noone else in relation to the Placing and Admission and will not be responsible toany person other than the Company for providing the protections afforded tocustomers of Charles Stanley or for advising any other person on the contents ofthis announcement or any transaction or arrangement referred to herein. Theresponsibilities of Charles Stanley as Nominated Adviser are owed solely to theLondon Stock Exchange and not to the Company or its directors or any otherperson in respect of any decision to acquire shares in the Company in relianceon any part of this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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