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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 : 2908Q
Sorbic International PLC
29 August 2014
Press Release 29 August 2014
Sorbic International plc
("Sorbic" or the "Company")
Roll Over of Loan Notes
Sorbic International plc (AIM:SORB), a leading sorbates producer in China, announces that the required majority of holders of A and B Loan Notes have agreed to amend the terms of the Loan Note Instrument ("LNI") such that the redemption date is now 31 December 2014.
Key new terms of the LNI:
-- A repayment premium equal to 10% of the principal amount outstanding if the principal is repaid between 1 September 2014 and 31 October 2014
-- A repayment premium equal to 20% of the principal amount outstanding if the principal is repaid between 1 November 2014 and 31 December 2014
-- Redemption date of 31 December 2014.
All other terms of the LNI remain the same.
- 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
END
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