REG - Warpaint London PLC - AGM Statement

Warpaint LondonAnnouncement

26/06/2020 07:01

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
Sam Bazini - Chief Executive Officer
Eoin Macleod - Managing Director
Neil Rodol - Chief Financial Officer


c/o IFC
 




 
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.
 
 
 
 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
AGMKKPBBABKDFAB