Business
Admission to AIM & First Day of Dealings
Admission to AIM & First Day of Dealings.
About this update from Warpaint London Plc
[{"type":"text","content":"\n \nRNS Number : 4869Q Warpaint London PLC 30 November 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW\n30 November 2016\nWarpaint London plc\n(\"Warpaint London\" or the \"Company\")\nAdmission to Trading on AIM and First Day of Dealings\nWarpaint London plc (AIM: W7L), a specialist supplier of colour cosmetics and owner of the W7 brand, is pleased to announce the admission today of its ordinary shares to trading on the AIM Market of the London Stock Exchange (\"Admission\"). Dealings in the ordinary shares will commence at 8.00am under the ticker \"W7L\" with the ISIN GB00BYMF3676.\nStockdale Securities Limited is acting as Nominated Adviser and Broker to the Company. \n· Oversubscribed placing by Stockdale Securities Limited raising gross proceeds of £23 million \n· 23,711,340 new and existing ordinary shares placed with institutional and other investors, including Board Directors (the \"Placing\"), at a placing price of 97 pence per ordinary share (the \"Placing Price\")\n· The number of ordinary shares in issue immediately after Admission will be 64,538,600, giving Warpaint London a market capitalisation of approximately £62.6 million at the Placing Price \nThe Directors believe that the Admission to AIM will raise the Company's profile, enhance W7's brand awareness and provide investment to accelerate the growth of the business, as described in the Admission Document. \nThe Admission Document and details of significant shareholdings can be found at: www.warpaintlondonplc.com \nSammy Bazini and Eoin Macleod, Joint CEOs of Warpaint London, commented: \"Today marks a key milestone in the Company's 24-year history. The public company status will greatly support our expansion as we continue to broaden W7's customer base internationally, introduce additional brands and product lines and generate further profitable growth.\n \n\"The support from investors who recognise the exciting opportunities of the growing and global cosmetics market has been very encouraging. We are very much looking forward to our life as a public compan...