Plastics Capital, the consolidator of plastics products manufacturers focused on proprietary products for niche markets, today announces that dealings have commenced in 15,889,998 Ordinary Shares, representing the Consideration Shares and the Non-VCT Qualifying Shares, following Fourth Admission to AIM.
The total sum of all four Admissions amounts to 26,850,000 Ordinary Shares which at the Placing Price of 100 pence per Share gives the Company a market capitalisation of £26.85 million.
Plastics Capital Trading Limited and its subsidiaries (the "Group") have today been acquired by the Company following Fourth Admission in accordance with the terms of the Share Exchange Agreement.
Plastics Capital appears under the EPIC code 'PLA'.
Charles Stanley Securities, a trading division of Charles Stanley & Co. Limited ("Charles Stanley"), is acting as Nominated Adviser and Broker to Plastics Capital.
Unless otherwise specifically defined in this announcement terms defined in the Admission Document have the same meanings when used in this announcement.