STT Straight

TIDMSTT

RNS Number : 4446G

Straight PLC

06 June 2013

 
 Date:            6 June 2013 
 On behalf of:    Straight plc ("Straight" the "Company" or 
                   "the Group") 
 
 

Straight plc

Admission to Social Stock Exchange

Straight plc, (AIM:STT) the environmental and products services group, is pleased to announce its admission onto the Social Stock Exchange, the first platform to showcase publicly listed social impact businesses, which launched yesterday.

Underpinned by a robust admissions process, the Social Stock Exchange's key focus is to provide more information to the market and investors on companies with constructive social and environmental impact. The aim is to generate more investment, growth, and ultimately a global capital marketplace for common cause and greater good.

Jonathan Straight, Chief Executive of Straight plc, commented:

"I am delighted to announce our admission to the Social Stock Exchange. A key factor in our decision to join was that it actively encourages investors to make investment decisions best aligned to their environmental and social values. This is clearly a platform which corresponds to our own interests and goals. I firmly believe that our business will benefit from the increased exposure to investors seeking social and environmental impacts through the deployment of their funds."

For further information: please contact:

 
 Straight plc 
 Jonathan Straight, Chief Executive    07977 002 366 
 
 Redleaf Polhill 
 Rebecca Sanders-Hewett /Jenny Bahr    0207 382 4730 
 
 Cenkos Securities 
 Ivonne Cantu (Nomad)                  0207 397 8980 
 Christian Hobart (Sales) 
 

Notes for editors:

About Straight plc

-- Straight plc is the UK's leading manufacturer and supplier of specialist kerbside recycling containers, as well as being a key supplier of a broad range of waste and recycling container solutions. Founded in 1993 by the current Chief Executive, Jonathan Straight, the business has since supplied more than 25 million kerbside boxes, baskets and caddies to local authorities across the UK, securing its position as the industry leader.

-- The business operates through two divisions. The core Trade Business supplying products in bulk to local authorities, utilities, the waste industry, retailers and other businesses and the Retail Business supplying a range of proprietary environmentally friendly consumer products directly to the public, often in partnership with a local authority or a utility.

-- In 2010 two major acquisitions changed the business model, which previously relied on outsourced manufacture. In March 2010 Straight acquired the business and assets of the UK business of Helesi plc giving it a proprietary position in the wheeled bin market. This was followed in August 2010 by the acquisition of Powell Plastics, a key supplier of injection mouldedproducts to the group. The Powell factory, in Hull, has since been developed to include a blow mouldingcapability.

-- In February 2009, Straight added to its portfolio with the acquisition of Harcostar Garden Products, a long established premium brand consisting of water butts, compost bins, watering cans and accessories. This gained new distribution channels for the business in the UK and in Europe.

-- In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home composters and water butts. Through the Blackwall brand, Straight has delivered more than 3.5 million compost bins and water butts.

-- Almost two thirds of the products the Group supplies are now produced in Straight's own factory.

-- Straight plc has established diverse overseas sales channels for its products, some of which are manufactured locally to their markets in North America and in Australia. Other markets are serviced from UK production.

Further information about the company and its products can be found at: www.straight.co.uk

About SSE

The Social Stock Exchange is a unique marketplace designed to connect publicly listed social impact businesses with investors seeking to generate positive impact alongside a financial return.

The Social Stock Exchange is a unique marketplace designed to connect publicly listed social impact businesses with investors seeking to generate positive impact alongside a financial return.

Its aim is to bridge the information gap between values-based investors and growth businesses that are delivering positive social and environmental impact through their core activities. By doing this the SSE provides investors with the knowledge they need to identify and compare those organisations that deliver demonstrable value to society and the environment. This will allow the social investment market to grow to scale, leading to the creation of more impact.

Through its online portal, the SSE gives member companies the opportunity to articulate and evidence their social and environmental impact, whilst giving investors the tools and frameworks necessary to assess the social value generated by the businesses featured.

The Social Stock Exchange's rigorous admissions process includes the publication of an independent Impact Report prepared by specialists in social impact. Applications are reviewed and approved by an independent Admissions Panel, meaning that investors can rely on a sound vetting procedure, based on best practice disclosure.

For more information about the SSE, visit us at http://www.socialstockexchange.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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