Warpaint London PLC AGM Statement (1413R)
26 Junio 2020 - 1:00AM
UK Regulatory
TIDMW7L
RNS Number : 1413R
Warpaint London PLC
26 June 2020
26 June 2020
Warpaint London PLC
("Warpaint", the "Company" or the "Group")
AGM Statement
Warpaint London plc, 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 11am
today, Clive Garston, Chairman of the Company, will make the
following statement:
"Whilst trading conditions remain challenging as a result of the
COVID-19 pandemic, sales in the first half of 2020 have been at a
higher level than anticipated, albeit significantly below the first
half of 2019. There has been an improvement in margin, no erosion
of cash and a positive EBITDA for the first 6 months of the current
year.
"The Group has a sound financial footing and we are actively
implementing our strategy for growth. We look forward to the
remainder of the year with cautious optimism."
Enquiries:
Warpaint London c/o IFC
Sam Bazini - Chief Executive Officer
Eoin Macleod - Managing Director
Neil Rodol - Chief Financial Officer
Shore Capital (Nominated Adviser and Joint
Broker)
Antonio Bossi - Corporate Advisory
Daniel Bush - Corporate Advisory
Fiona Conroy - Corporate Broking 020 7408 4090
N+1 Singer (Joint Broker)
Shaun Dobson - Corporate Finance
Alex Bond - Corporate Finance 020 7496 3000
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Graham Herring
Florence Chandler 020 3934 6630
Notes to editors:
Warpaint London plc
Warpaint London plc is made up of two divisions.
The largest division sells cosmetics under the lead brand names
of W7, Technic and Body Collection. 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, this division
supplies own brand white label cosmetics produced for several major
high street retailers. The Group also sells cosmetics using our
other brand names of Man'stuff, Vintage, Very Vegan and Chit
Chat.
The other division trades in close-out and inventory of branded
cosmetics and fragrances from around the world.
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END
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