Swallowfield PLC Result of GM, Directors' Holdings and TVR (3864C)
June 27 2016 - 9:54AM
UK Regulatory
TIDMSWL
RNS Number : 3864C
Swallowfield PLC
27 June 2016
Swallowfield plc
("Swallowfield" or the "Company")
Result of General Meeting
Directors' holdings
& Total voting rights
Result of General Meeting
On 6 June 2016 Swallowfield announced that it had entered into a
conditional agreement to acquire the entire issued share capital of
The Brand Architekts Limited ("Brand Architekts") (the
"Acquisition") and conditionally raised GBP8.6 million (before
expenses) through the issue of 5,558,985 new Ordinary Shares in an
oversubscribed placing arranged by N+1 Singer.
The Company is pleased to announce that at the General Meeting
held today all resolutions proposed were duly passed and
accordingly the Placing and Acquisition will complete upon
admission of the New Ordinary Shares to trading on AIM expected on
or around 28 June 2016 ("Admission").
Chris How, Chief Executive of Swallowfield, said: "The
acquisition of Brand Architekts is a transformational development
for the Group. It significantly enhances our owned brand portfolio,
a key strategic pillar for the Group, and adds further expertise to
the team. It further strengthens our business model of building two
complimentary value streams (core contract manufacturing and owned
brands) on one single capability platform. On behalf of the Board,
we would like to thank both our existing and new shareholders for
their support."
Issue of equity
Application has been made to the London Stock Exchange for the
5,558,985 New Ordinary Shares to be admitted to trading on the AIM
market of the London Stock Exchange. It is expected that Admission
will become effective on or around 28 June 2016.
Total voting rights
Following Admission the number of ordinary shares of 5 pence
each in the capital of the Company in issue and number of voting
rights following Admission of all of the Placing Shares will be
16,865,401. The above figure may be used by Shareholders as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
Directors' holdings
Following the Placing and Admission, the Directors of the
Company will hold the following interests in the issued share
capital of the Company:
Number Percentage Number of Percentage
of Ordinary of Existing Ordinary of Enlarged
Shares Share Shares immediately Share
prior Capital post Admission Capital
to Admission post Admission
Brendan Hynes 50,000 0.44% 74,914 0.44%
Chris How* 60,000 0.53% 89,977 0.53%
Mark Warren** 22,100 0.20% 33,030 0.20%
Jane Fletcher*** 25,000 0.22% 37,374 0.22%
Roger McDowell 71,000 0.63% 344,189 2.00%
*From Admission Chris How will be interested in 89,977 Ordinary
Shares, of which 39,998 will be held in the name of his wife Elaine
How.
**From Admission Mark Warren will be interested own 33,030
Ordinary Shares, of which 10,930 will be held in the name of his
wife Jane Reynolds.
***From Admission Jane Fletcher will be interested own 37,374
Ordinary Shares, of which 6,452 will be held through her SIPP
operated by Alliance Trust.
Defined terms used in this announcement shall have the same
meaning as those terms defined and used in the Circular dated 6
June 2016.
About Swallowfield plc
Swallowfield plc is a market leader in the development,
formulation, and supply of personal care and beauty products, whose
customers include many of the world's leading brands.
For further information please contact:
------------------------------------------------- --------------
Swallowfield plc
--------------------- -------------------------- --------------
01823 662
Chris How Chief Executive Officer 241
--------------------- -------------------------- --------------
01823 662
Mark Warren Group Finance Director 241
--------------------- -------------------------- --------------
Nic Hellyer/ Jen 0207 496
Boorer/ Alex Price N+1 Singer 3000
--------------------- -------------------------- --------------
Josh Royston /
Hilary Buchanan Alma PR 07780 901979
--------------------- -------------------------- --------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 27, 2016 09:54 ET (13:54 GMT)
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