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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sorbic Int | LSE:SORB | London | Ordinary Share | GB00B3CX3F30 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMSORB
RNS Number : 0533Z
Sorbic International PLC
08 December 2014
Press Release 8 December 2014
Sorbic International plc
("Sorbic" or the "Company")
Issue of Equity
Sorbic International plc (AIM:SORB), a leading sorbates producer in China, today announces that the Company has issued a total of 6,000,000 ordinary shares of 0.01 pence each ("Ordinary Shares") at 4 pence per share for a total consideration of GBP240,000.
The shares will be subscribed by Mr Les Allen, who currently has a holding of 166,000 shares in the Company. Upon the subscribing the additional shares, Mr Les Allen will hold in total 6,166,000 Ordinary Shares, representing 9.96% of the enlarged share capital.
Application has been made for the 6,000,000 Ordinary Shares to be admitted to AIM and it is expected that admission will be effective and trading will commence on 11 December 2014. Following the admission of the new shares to trading, the total number of Ordinary Shares and voting rights in the Company will be 61,885,980. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
- Ends -
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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 Henry Harrison-Topham / Tel: +44 (0)20 7398 Canace Wong 7714 canace.wong@abchurch-group.com 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").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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