Warpaint London PLC Director Dealings (7791R)

TIDMW7L

RNS Number : 7791R

Warpaint London PLC

19 June 2018

19 June 2018

Warpaint London plc

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

Director Dealings

Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announces that on 18 June 2018, Sara Bazini and Laura Macleod, the respective wives of Samuel Bazini and Eoin Macleod, the Joint Chief Executive Officers of the Company, each sold 1,250,000 ordinary shares of 25 pence each in the Company ("Ordinary Shares") at a price of 233.825p per Ordinary Share in order to satisfy institutional demand.

Following the above transactions, each of Samuel Bazini and his connected parties, and Eoin Macleod and his connected parties, hold 19,295,208 Ordinary Shares, representing 25.14% of the Company's issued share capital each.

Enquiries:

 
 Warpaint London plc 
  Sam Bazini - Joint Chief Executive 
  Eoin Macleod - Joint Chief Executive 
  Neil Rodol - Chief Financial Officer      020 3053 8671 
 Stockdale Securities Limited (Nominated 
  Adviser and Broker) 
  Andy Crossley, Antonio Bossi, Ed 
  Thomas - Corporate Finance 
  Fiona Conroy - Corporate Broking          020 7601 6100 
 IFC Advisory (Financial PR & IR) 
  Tim Metcalfe 
  Heather Armstrong 
  Florence Chandler                         020 3934 6630 
 

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 primarily consists of the Group's flagship brand, W7, together with the Technic, Body Collection and Man'stuff brands acquired through the acquisition of Retra Holdings in 2017.

W7 is 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 700 items which are sold into high street retailers and independent beauty shops across the UK, Europe, Australia and the US. In 2017, W7 was supplied in more than 60 countries.

In 2017 Warpaint completed the acquisition of Retra Holdings Limited, a UK colour cosmetics business with a significant focus on the gifting market, principally for high street retailers and supermarkets including Boots, Superdrug and Asda. Retra owns three major brands: Technic, Body Collection and Man'stuff, in addition to supplying white label cosmetics produced for several major high street retailers including Asda and Matalan.

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June 19, 2018 02:01 ET (06:01 GMT)