Plastics Capital PLC Result of General Meeting and Change of Name (1385L)
December 20 2018 - 6:35AM
UK Regulatory
TIDMPLA
RNS Number : 1385L
Plastics Capital PLC
20 December 2018
20(th) December 2018
Plastics Capital plc
("Plastics Capital", the "Company" or the "Group")
Result of General Meeting and Change of Name
Plastics Capital (AIM: PLA), the niche manufacturer of
specialist products, announces that at the General Meeting held
earlier today, Shareholders approved the change of the Company's
name from Plastics Capital plc to Synnovia plc. The change of name
will be effective once Companies House has issued a certificate of
incorporation on change of name (the "Certificate"), which is
expected to be issued later today. Subject to issuance of the
Certificate, the Company's shares are expected to trade on AIM
under the new name of Synnovia plc and the new TIDM of 'SYN'
(previously 'PLA') from 8.00 a.m. tomorrow.
The Company's website address will also change to
www.synnoviaplc.com.
For further information, please contact:
Plastics Capital plc Tel: 020 7978 0574
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Cenkos Securities plc Tel: 020 7397 8900
(Nomad and joint broker)
Mark Connelly
Callum Davidson
Allenby Capital Limited Tel: 020 3328 5656
(Joint broker)
David Hart
Notes to Editor
Plastics Capital is a niche manufacturer of specialist products.
Applications for these products vary widely and examples
include:
-- Packaging for the food manufacturing and distribution - films, sacks and pouches
-- Steering columns and instrument control knobs in the
automotive industry - plastic bearings
-- Hydraulic and industrial rubber hose manufacture - various types of mandrel
-- Cardboard box manufacture - creasing matrices
Plastics Capital's business model is based on understanding
customers' problems in depth, and then developing and mass
producing proprietary, technical solutions for these problems. As
such many projects can take significant time to translate initial
sale into volume production.
The business operates through two divisions, Films and
Industrial, and has the majority of its production in six UK based
factories, with a further two factories in Asia and one in the USA.
Approximately 50% of its GBP80 million sales, as per current
run-rate, are made outside the UK to more than 80 countries.
Further information can be found on www.plasticscapital.com (up
to and including 20(th) December) and thereafter
www.synnoviaplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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