Swallowfield PLC Completion of Proposed Disposal and Change of Name (2467K)
August 27 2019 - 3:52AM
UK Regulatory
TIDMSWL
RNS Number : 2467K
Swallowfield PLC
27 August 2019
Swallowfield plc
("Swallowfield", the "Company" or the "Group")
Completion of Proposed Disposal and Change of Name
Swallowfield plc, a market leader in the development,
formulation, and supply of personal care and beauty products,
including its own portfolio of brands, is pleased to announce that
further to its announcements of 15 July 2019 and 31 July 2019 in
respect of the proposed disposal of its Manufacturing business and
associated assets, the Proposed Disposal is now complete.
Accordingly, the Company will commence trading on 28 August 2019
under its new name, Brand Architekts Group plc and a new ticker,
BAR. The new website will be available with effect from 28 August
2019 at www.brandarchitektsplc.com. The Company's head office and
registered office will also be moved to 8 Waldegrave Road,
Teddington TW11 8GT with effect from 28 August 2019. The Company's
ISIN and Sedol will remain unchanged.
Additionally, as previously announced, Matthew Gazzard, Group
Finance Director, and Jane Fletcher, Group Sales and Marketing
Director will leave the Group and step down as directors of the
Company with immediate effect. Recruitment is underway for
Matthew's replacement and both Matthew and Jane will continue to
provide support for the Group under a transitional services
agreement; in the case of Matthew Gazzard for a period of up to 3.5
months and in the case of Jane Fletcher for a period of up to 3
months from today's date.
Brendan Hynes, Chairman commented:
"This marks a significant milestone in the development of the
Group. With a single-minded focus on Owned Brands, this
transformational strategy provides clear growth opportunities with
superior financial returns. The creation of Brand Architekts Group
plc will enable us to maximise value for our shareholders."
Unless otherwise defined, capitalised terms used in this
Announcement have the meanings given to them in the announcement
and Circular released by the Company on 15 July 2019.
For further information please contact:
Swallowfield plc (to be renamed Brand Architekts
Group plc)
020 3166
Tim Perman Chief Executive Officer 2840
01823 662
Matthew Gazzard Group Finance Director 241
Shaun Dobson 020 7496
George Tzimas N+1 Singer 3000
Josh Royston
Hilary Buchanan 020 3405
Sam Modlin Alma PR 0205
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END
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