REG - Warpaint London PLC - AGM Statement

Warpaint LondonAnnouncement

28/06/2023 07:00

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RNS Number : 0992E  Warpaint London PLC  28 June 2023

28 June 2023

 

 

Warpaint London PLC

("Warpaint", the "Company" or the "Group")

 

AGM Statement

 

 

Warpaint London plc (AIM: W7L), 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 10 a.m. today, Clive Garston,
Chairman of the Company, will make the following statement:

 

"The Group continues to trade strongly with sales for the six months to 30
June 2023 anticipated to be in excess of £36 million (six months to 30 June
2022: £25.2 million), with margins continuing to be robust and ahead of those
achieved in 2022.

 

"Further progress continues to be made with expanding the Group's presence in
larger retailers and we are pleased to report that the W7 brand will be
launched in an initial 73 Superdrug stores in September 2023.  The Group has
significant further opportunities to grow sales, both with new and existing
customers, and remains in active discussions with a number of UK and overseas
retailers.

 

"As previously announced, pending approval by shareholders at today's AGM, a
final dividend of 4.5 pence per share will be paid on 4 July 2023 to
shareholders on the register at 16 June 2023."

 

Note: All figures used in this announcement, other than those in respect of
the financial year ended 31 December 2022, remain subject to audit.

 

Enquiries:

 

 Warpaint London                                    c/o IFC

 Sam Bazini - Chief Executive Officer

 Eoin Macleod - Managing Director

 Neil Rodol - Chief Financial Officer
 Shore Capital (Nominated Adviser & Broker)         020 7408 4090

 Patrick Castle, Daniel Bush - Corporate Advisory

 Fiona Conroy - Corporate Broking

 IFC Advisory (Financial PR & IR)                   020 3934 6630

 Tim Metcalfe, Graham Herring, Florence Chandler

 

Warpaint London plc

 

Warpaint sells branded cosmetics under the lead brand names of W7 and Technic.
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, Warpaint supplies
own brand white label cosmetics produced for several major high street
retailers.  The Group also sells cosmetics using its other brand names of
Man'stuff, Body Collection and Chit Chat.

 

 

 

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