30 April 2024
Silverwood Brands Plc
("Silverwood" or the
"Company"; together with its subsidiaries, the "Group)
Completion of Capital Reduction and
Restoration of Trading
Completion of
Capital Reduction
Further to the Company's announcement of 19
April 2024, Silverwood Brands plc (Aquis: SLWD), a holding company
established to invest primarily in branded consumer
businesses, is pleased to announce that it
has today received confirmation from the Registrar of Companies
that the Court order confirming the Capital Reduction has now been
registered.
Accordingly, the issued share
capital of the Company now comprises 42,500,176 ordinary shares of
10p each, of which 4,822,603 Ordinary Shares, approximately 11.5%
of the Company's issued share capital, are in public
hands.
Restoration of
Trading
Following completion of the Capital Reduction,
trading in the Ordinary Shares on the Aquis Growth Market is
expected to be restored with effect from 08.00 on Wednesday, 1 May
2024 ("Restoration").
On Restoration, there will be no change to the
Company's Aquis Growth Market symbol (TIDM - SLWD), ISIN
(GB00BNRRGD95) SEDOL (BNRRGD9) or LEI
(213800MOKU1KYZUFYZ40).
Concert
Party
On Restoration, the Concert Party will be
interested in Ordinary Shares as follows:
|
Shareholder
|
Ordinary
Shares
|
%
|
|
Andrew Gerrie and Alison
Hawksley*
|
8,660,363
|
20.38
|
|
Brooke Gerrie
|
-
|
-
|
|
Oliver Gerrie
|
-
|
-
|
|
Aline Gerrie
|
-
|
-
|
|
Castelnau Group Limited
|
12,718,499
|
29.93
|
|
Andrew Tone
|
9,065,412
|
21.33
|
|
Angus Thirlwell
|
571,429
|
1.34
|
|
Fushia Investments PTE
LTD
|
571,429
|
1.34
|
|
Paul Hodgins
|
28,577
|
0.07
|
|
James Wilson
|
28,572
|
0.07
|
|
Hu Yu
|
14,286
|
0.03
|
|
Total
|
31,658,567
|
74.49%
|
*This holding
comprises shares held jointly and individually in the names of
Andrew Gerrie and his wife, Alison Hawksley, together with shares
held by Silver Americum Limited, a company in which Andrew Gerrie
and Alison Hawksley each hold separate 20%
stakes.
The figure of 42,500,176 Ordinary Shares may be used by
Shareholders 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.
Words and expressions defined in the circular
to shareholders dated 20 February 2024 have the same meaning in
this announcement.
--Ends--
|
Silverwood
Brands Plc
Andrew Gerrie
Paul Hodgins
|
info@silverwoodbrands.com
|
|
Peterhouse
Capital Limited (Aquis Corporate
Adviser)
Mark Anwyl
Narisha Ragoonanthun
Brefo Gyasi
|
+44 (0)20 7469
0930
|
About Silverwood Brands PLC
Silverwood Brands PLC is a leader in
the health and beauty industry, committed to developing and
marketing high-quality products that meet the diverse needs of
consumers worldwide. Through strategic acquisitions and organic
growth, Silverwood Brands continues to enhance its portfolio and
global reach, ensuring a strong position in the competitive health
and beauty market.
Market Abuse
Regulation (MAR) Disclosure
This announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation EU
596/2014 as it forms part of retained EU law (as defined in the
European Union (Withdrawal) Act 2018).
|
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Andrew Gerrie and Alison Hawksley
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer and Person Closely
Associated
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Silverwood Brands plc
|
|
b)
|
LEI
|
213800MOKU1KYZUFYZ40
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary Shares of 10p each
ISIN: GB00BNRRGD95
|
|
b)
|
Nature of the transaction
|
Cancellation of Ordinary Shares held by Andrew
Gerrie and Alison Hawksley
|
|
c)
|
Price(s) and volume(s)
|
228,212,632 Ordinary
Shares
Nil consideration
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a - single transaction
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Off market
|