22nd Dec 2014 07:00
Press Release | 22 December 2014 |
Sorbic International plc
("Sorbic" or the "Group")
Update on Loan Notes and Notice of Results
Further to the Trading Update issued on 10 November 2014, Sorbic International plc (AIM:SORB), a leading sorbates producer in China, wishes to announce that discussions over the repayment of the outstanding Convertible Loan Notes are ongoing and as a result, the Group will now be reporting its Preliminary Results in the first half of January 2015.
- Ends -
For further information: | |
Sorbic International plc | Tel: +44 (0)7768 031 454 |
John McLean, Chairman | www.sorbicinternational.com |
finnCap (Nomad) | |
Geoff Nash / Kate Bannatyne | Tel: +44 (0) 20 7220 0500 |
Hybridan LLP (Broker) | |
Claire Louise Noyce | Tel: +44 (0) 20 3713 4581 |
Media enquiries:
Abchurch Communications | |
Canace Wong | Tel: +44 (0)20 7398 7714 |
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 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.
Sorbic International operates through its wholly owned subsidiary Linyi Van Science and Technique Co., Ltd ("LVST").
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