Business
Lush transaction update; legal proceedings notice
Lush transaction update; legal proceedings notice.
About this update from Silverwood Brands Plc
[{"type":"text","content":"\n\nSilverwood Brands Plc\n \n(\"Silverwood\" or the \"Company\")\n \nUpdate on Lush Transaction; Notice of Legal Proceedings\nSilverwood Brands plc (\"the Company\") (AQSE: SLWD), a holding company established to invest primarily in branded consumer businesses, wishes to advise shareholders that on 26 July 2023, the Company received service of legal proceedings from Lush Cosmetics Limited and Cosmetic Warriors Limited (together \"Lush\").\nLush is seeking, inter alia, declaratory relief that the transfers of shares in Lush to Cosmic Circles Limited, the wholly owned subsidiary of Silverwood, were not compliant with their Articles of Association and that they were entitled to refuse to register the transfers. Silverwood disagrees with Lush and is seeking legal advice in relation to its next steps.\n \n\n\n\nSilverwood Brands plc\n\n\n\n\n\n\n\nPaul Hodgins\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nVSA Capital - AQSE Corporate Adviser and Broker\n\n\n+44(0)20 3005 5000\n\n\n\n\nAndrew Raca, Simba Khatai, Alexander Cabral (Corporate Finance)\nAndrew Monk, David Scriven, Peter Mattsson (Corporate Broking)\n \n\n\n\n\n\n\n \n \n\n","length":3163,"tagName":"div"}]