Warpaint London PLC Completion of the Acquisition of Retra (9608X)

TIDMW7L

RNS Number : 9608X

Warpaint London PLC

30 November 2017

30 November 2017

Warpaint London PLC

("Warpaint", the "Company" or the "Group")

Completion of the Acquisition of Retra

Warpaint London PLC (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 brand, is pleased to announce the completion of the acquisition of Retra Holdings Limited.

The Company confirms the admission of 12,210,525 new ordinary shares in the Company to trading on AIM earlier today ("Admission"). Following Admission, the total number of shares in issue will be 76,749,125. The Company does not hold any shares in treasury. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Following Admission, the shareholdings of the Directors of the Company are as follows:

 
 Director            Total Number        Percentage 
                      of ordinary         of issued 
                      shares held     share capital 
                   in the Company    of the Company 
 
 Sam Bazini*           20,545,208            26.77% 
 Eoin Macleod*         20,545,208            26.77% 
 Clive Garston            126,315             0.16% 
 Neil Rodol               103,961             0.14% 
 Paul Hagon                31,145             0.04% 
 Keith Sadler              31,145             0.04% 
 

* Including 3,000,000 Ordinary Shares held by the Director's wife

Enquiries:

 
 Warpaint London PLC 
  Sam Bazini - Joint Chief Executive 
  Officer 
  Eoin Macleod - Joint Chief Executive 
  Officer                                   020 3053 
  Neil Rodol - Chief Financial Officer       8671 
 Stockdale Securities Limited (Nominated 
  Adviser and Broker) 
  Mark Brown, Antonio Bossi, Ed Thomas 
  - Corporate Finance                       020 7601 
  Fiona Conroy - Corporate Broking           6100 
 IFC Advisory Limited (Financial 
  PR & IR) 
  Tim Metcalfe 
  Graham Herring 
  Heather Armstrong                         020 3053 
  Miles Nolan                                8671 
 

About Warpaint London PLC

Warpaint London is a colour cosmetics business, based in Iver, Buckinghamshire. It is made up of two divisions: close-out and own-brand. The second and larger own-brand division consists primarily of the Group's flagship brand, W7 - an extremely creative, design-focused cosmetic brand proposition with a focus on the 16-30 age range, delivering high-quality cosmetics at affordable prices. The W7 brand has grown organically since its inception in 2002 and now contains over 500 items which are sold into high street retailers and independent beauty shops across the UK, Europe, Australia and the US. In 2016, W7 was supplied to over 250 customers in more than 50 countries.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 30, 2017 03:48 ET (08:48 GMT)