REG - East Imperial PLC - Company update and intention to cancel listing

East ImperialAnnouncement

31/07/2024 09:00

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RNS Number : 5657Y  East Imperial PLC  31 July 2024

31 July 2024

East Imperial plc

("East Imperial" or the "Company")

 

Appointment of liquidator to New Zealand subsidiary

Intention to appoint a liquidator and intention to cancel the Company's
listing on the Equity Shares (Transition) category of the Official List

 

On 15 April 2024, East Imperial, the global purveyor of super-premium
beverages, announced it had requested and been granted a suspension in trading
of its shares on the Main Market for listed securities with effect from 15
April 2024 pending clarification of the Company's financial position. The
Company also ceased trading.

 

Since that date the Board has looked at a number of possible routes to seek
repayment for creditors and potentially retain value to shareholders. These
discussions have been ongoing to the present date. However, we have been
informed that on 30 July 2024 INL Investment Limited ("INL") has proceeded to
appoint a liquidator to the Company's New Zealand subsidiary, East Imperial
Limited, having first exercised its security over the subsidiary's
intermediate holding company. In the circumstances the Board will now proceed
with the appointment of a Liquidator to the Company and hereby gives notice of
the intention to cancel the Company's listing on the Equity Shares
(Transition) category of the Official List ("Cancellation"). A further
announcement in relation to Cancellation will be made in due course.

 

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

For further information, please contact:

 East Imperial plc                                           investors@eastimperial.com (mailto:investors@eastimperial.com)

 Anthony Burt

 Allenby Capital Limited (Broker)                            +44 (0)20 3328 5656

 Guy McDougall / Matt Butlin (Sales and Corporate Broking)

 Jeremy Porter / Piers Shimwell (Corporate Finance)

 

About East Imperial

 

Founded in New Zealand and Singapore in 2012, East Imperial produces a range
of super-premium mixers that sell throughout APAC, the US and EMEA. Guided by
a clear strategy to capitalise on the growing demand for premiumisation across
the beverage industry, East Imperial has sold over 33 million bottles in over
20 countries since its founding, with popular products including Old World
Tonic Water, Grapefruit Tonic Water, Yuzu Tonic Water and Mombasa Ginger Beer.
In 2023, East Imperial won 8 medals at the coveted Tonic & Mixers Masters
Competition in London.

 

The Company was founded on the philosophy of creating exquisite products
defined by heritage, tradition, and authenticity. All products are made from
the highest quality, all-natural ingredients, reflecting East Imperial's
commitment to providing a sustainable product and minimising environmental
impacts at every stage of the manufacturing process. For more information
about East Imperial and its ultra-premium mixers.

 

 

 

 

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