InnovaDerma PLC General Meeting and Trading Statement (9913W)
April 29 2021 - 2:00AM
UK Regulatory
TIDMIDP
RNS Number : 9913W
InnovaDerma PLC
29 April 2021
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DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A
PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING HEREIN SHALL
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO.
596/2014) AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE
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TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS GIVEN
TO THEM IN THE COMPANY'S ANNOUNCEMENT RELEASED AT 09:19 A.M. 20
JANUARY 2021.
29 April 2021
InnovaDerma PLC
("InnovaDerma" or the "Company")
Trading Statement
InnovaDerma (LSE: IDP), a leading UK developer and supplier of
beauty, personal care and life sciences products, is holding its
General Meeting, relating to its proposed Fundraising at 10.am
today.
Ross Andrews, Non-executive Chairman, will make the following
statement at today's General Meeting:
"While the macroeconomic environment is set to remain uncertain
for the remainder of the financial year, the Government's reopening
road map is going according to plan and with promising vaccination
rates, consumer category consumption is showing early signs of
recovery. We've just entered the peak tanning season and the exact
speed of a return to historical consumption levels will only be
known over the coming months. We remain confident that historic
consumption levels will return quickly as further restrictions on
social interactions are lifted and that InnovaDerma will emerge
from the pandemic a stronger, more digitally agile business with
the right leadership to compete and win in the digital commerce
world of today. Indeed, in the UK, 39% of consumers aged 18-34 plan
to buy beauty products to celebrate the end of lockdown (The NPD
Group/Covid-19 Study).
"Subject to shareholder approval today, the Placing will enable
the acceleration of the Company's global Direct-To-Consumer
strategy through capital investment in our e-commerce
infrastructure and operational capacity, as well as strengthening
the balance sheet."
Further enquiries
InnovaDerma
Blake Hughes c/o TB Cardew
finnCap Group
Geoff Nash/Kate Bannatyne/Edward Whiley +44 (0)207 220 0500
Alice Lane/Charlotte Sutcliffe - Corporate Broking www.finncap.com
----------------------------
TB Cardew
Shan Shan Willenbrock/ + 44 (0)7775 848537
Olivia Rosser + 44 (0)20 7930 0777
innovaDerma@tbcardew.com
----------------------------
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END
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April 29, 2021 02:00 ET (06:00 GMT)
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