Warpaint London PLC AGM Statement (0992E)
28 Junio 2023 - 1:00AM
UK Regulatory
TIDMW7L
RNS Number : 0992E
Warpaint London PLC
28 June 2023
28 June 2023
Warpaint London PLC
("Warpaint", the "Company" or the "Group")
AGM Statement
Warpaint London plc (AIM: W7L), the specialist supplier of
colour cosmetics and owner of the W7 and Technic brands, announces
that at the Annual General Meeting ("AGM") of the Company to be
held at 10 a.m. today, Clive Garston, Chairman of the Company, will
make the following statement:
"The Group continues to trade strongly with sales for the six
months to 30 June 2023 anticipated to be in excess of GBP36 million
(six months to 30 June 2022: GBP25.2 million), with margins
continuing to be robust and ahead of those achieved in 2022.
"Further progress continues to be made with expanding the
Group's presence in larger retailers and we are pleased to report
that the W7 brand will be launched in an initial 73 Superdrug
stores in September 2023. The Group has significant further
opportunities to grow sales, both with new and existing customers,
and remains in active discussions with a number of UK and overseas
retailers.
"As previously announced, pending approval by shareholders at
today's AGM, a final dividend of 4.5 pence per share will be paid
on 4 July 2023 to shareholders on the register at 16 June
2023."
Note: All figures used in this announcement, other than those in
respect of the financial year ended 31 December 2022, remain
subject to audit.
Enquiries:
Warpaint London c/o IFC
Sam Bazini - Chief Executive Officer
Eoin Macleod - Managing Director
Neil Rodol - Chief Financial Officer
Shore Capital (Nominated Adviser & Broker)
Patrick Castle, Daniel Bush - Corporate
Advisory
Fiona Conroy - Corporate Broking 020 7408 4090
IFC Advisory (Financial PR & IR)
Tim Metcalfe, Graham Herring, Florence
Chandler 020 3934 6630
Warpaint London plc
Warpaint sells branded cosmetics under the lead brand names of
W7 and Technic. W7 is sold in the UK primarily to retailers and
internationally to local distributors or retail chains. The Technic
brand is sold in the UK and continental Europe with a significant
focus on the gifting market, principally for high street retailers
and supermarkets. In addition, Warpaint supplies own brand white
label cosmetics produced for several major high street retailers.
The Group also sells cosmetics using its other brand names of
Man'stuff, Body Collection and Chit Chat.
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END
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June 28, 2023 02:00 ET (06:00 GMT)
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