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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 Jul 2019 to Jul 2024
TIDMSORB
RNS Number : 7945K
Sorbic International PLC
27 June 2014
Press Release 27 June 2014
Sorbic International plc
("Sorbic" or the "Company")
Notice of General Meeting
Sorbic International plc (AIM:SORB), a leading sorbates producer in China, announces that, further to the announcement of 23 June 2014, a Circular convening a general meeting of the Company to be held at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH on Tuesday, 15 July 2014 at 10 a.m. is today being posted to shareholders. Copies of the Circular and the Form of Proxy are available on the Company's website, www.sorbicinternational.com, in accordance with AIM Rule 20.
On 23 June 2014, the Company announced a conditional placing to raise GBP250,000 by means of the issue of 2,500,000 New Ordinary Shares at 5 pence per share and of 125 new Loan Notes at GBP1,000 per Loan Note.
The Placing is conditional upon approval by both the existing loan note holders and Shareholders and admission of the New Ordinary Shares to trading on AIM. Given the placing price is below the nominal value per Existing Ordinary Share, the placing is also conditional on the Company's Shareholders passing resolutions to subdivide each Existing Ordinary Share into one New Ordinary Share and one Deferred Share. The Placing has not been underwritten.
Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that such admission will be effective and dealings in the New Ordinary Shares will commence at 8:00 a.m. on 16 July 2014.
- 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 / Ben Thompson 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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