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News : Issue of Equity and Directors' Shareholdings

Issue of Equity and Directors' Shareholdings

 6th Sep 2016

Further to the Company’s announcement on 25 August 2016, Plastics Capital (AIM: PLA), the niche plastics products group, announces that it has allotted 296,450 new ordinary shares of 1p each in the Company ("New Shares") to those shareholders who elected to receive the Scrip Dividend Alternative. The New Shares are expected to be admitted to AIM on 7 September 2016 (“Admission”).

The following Directors have been allocated New Shares in the following amounts:

Director

New Shares acquired pursuant to Scrip Dividend Alternative

Resultant holding following Admission

Resultant holding (% of enlarged issued share capital following Admission)

Faisal Rahmatallah (Chairman)

35,516

2,754,067

7.73%

Nick Ball (Group Finance Director)

5,570

207,371

0.58%

Richard Vessey (Non-Executive Director)

68,313

2,542,920

7.13%

Andrew Walker (Non-Executive Director)

6,074

226,166

0.63%

Following Admission, the Company will have 35,641,023 ordinary shares in issue admitted to trading on AIM. Following Admission, the above figure (35,641,023) 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 Company under the FCA's Disclosure and Transparency Rules.

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them (see pdf template)

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