RCS - Warpaint London PLC - Warpaint to present Investor Conference

Warpaint LondonAnnouncement

07/06/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240607:nRSG4605Ra&default-theme=true

RNS Number : 4605R  Warpaint London PLC  07 June 2024

7 June 2024

Warpaint London PLC

 

("Warpaint" or the "Company")

 

Warpaint to present at the Small-Cap Growth Virtual Investor Conference on 13
June 2024

 

Warpaint invites individual and institutional investors, as well as advisors
and analysts, to attend online at VirtualInvestorConferences.com

 

London, UK, 7 June 2024 - Warpaint London plc (AIM: W7L; OTCQX: WPNTF), the
specialist supplier of colour cosmetics and owner of the W7 and Technic
brands, announces that Sam Bazini, chief executive officer and co-founder,
will present live at the Small-Cap Growth Virtual Investor Conference hosted
by VirtualInvestorConferences.com on 13 June 2024 at 10.00am Eastern time
(3.00pm BST).

 

This will be a live, interactive online event where investors are invited to
ask the Company questions in real-time. If attendees are not able to join the
event live on the day of the conference, an archived webcast will also be made
available after the event.  The event may be accessed via the following link:
https://bit.ly/44WdZwZ (https://bit.ly/44WdZwZ)

 

It is recommended that online investors pre-register and run the online system
check to expedite participation and receive event updates.

 

Learn more about the event at www.virtualinvestorconferences.com
(http://www.virtualinvestorconferences.com) .

 

Warpaint Q1 2024 Highlights (as announced on 24 April 2024)

·    Continued strong trading in Q1 2024, with unaudited Group sales for
the three months to 31 March 2023 of £23.5 million an increase of 28% on the
same period in 2023

 

·    Gross margin in Q1 was robust and better than that achieved for full
year 2023

 

·    Maintained a strong balance sheet, with no debt. Cash balances as at
2 April 2024 totalled £7.5 million after investment in a significant increase
in stock to satisfy expected demand later in the year (31 March 2023: £8.5
million)

 

·    Continuing brand sales momentum being seen in 2024, both
internationally and the UK, including:

 

o  In the US:

à    Q1 2024 expansion into CVS in the US already implemented, expanding
the W7 range stocked and roll-out to a further 387 stores

à    Significant Christmas order received from Walmart, for W7 and Chit
Chat product and in discussions to stock the Group's all-year-round product

à    Significant expansion planned with Five Below during H1 2024,
including the stocking of an increased range of W7 product in all 1,544 of
their stores, with a further 225+ Five Below stores expected to open in the
next 12 months stocking W7 products

 

o  In the UK:

à    In March 2024, a full range of Technic products was launched in an
initial 202 Morrisons stores

à    Expansion to a further 100 Boots stores during April 2024 with
additional W7 products stocked in existing and newly added stores

à    Further rollout with Superdrug planned for July 2024, into a further
63 stores, taking the number of Superdrug stores served to 134, and an
increase in the products stocked across all these stores

 

o  Further range and store expansions planned with other existing customers
including Etos, Normal, Tesco, The Range and Wibra, together with launches
with a number of significant new customers

 

Enquiries:

 Warpaint London plc                                 c/o IFC
 Sam Bazini - Chief Executive Officer

 Eoin Macleod - Managing Director

 Neil Rodol - Chief Financial Officer

 Adam Kay - Investor Relations                       +1 310 868 6380

 Shore Capital (Nominated Adviser & Broker)          +44 (0)20 7408 4090
 Patrick Castle, Daniel Bush - (Corporate Advisory)

 Fiona Conroy - Corporate Broking

 IFC Advisory (Financial PR & IR)                    +44 (0)20 3934 6630

 Tim Metcalfe, Graham Herring, Florence Chandler

 

Warpaint London plc

 

Warpaint sells branded cosmetics under the lead brands of W7 and Technic. W7
is sold in the UK primarily to major 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 also sells
cosmetics under its other brand names of Man'stuff, Body Collection and Chit
Chat, each targeting a different demographic.

 

 

About Virtual Investor Conferences®

 

Virtual Investor Conferences (VIC) is the leading proprietary investor
conference series that provides an interactive forum for publicly traded
companies to seamlessly present directly to investors.

 

Providing a real-time investor engagement solution, VIC is specifically
designed to offer companies more efficient investor access. Replicating the
components of an on-site investor conference, VIC offers companies enhanced
capabilities to connect with investors, schedule targeted one-on-one meetings
and enhance their presentations with dynamic video content. Accelerating the
next level of investor engagement, Virtual Investor Conferences delivers
leading investor communications to a global network of retail and
institutional investors.

 

Forward-Looking Statements

 

This press release may contain "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and legislation in the United
Kingdom. These forward-looking statements are made under the "safe harbor"
provisions of the United States Private Securities Litigation Reform Act of
1995 and involve risks and uncertainties which could cause actual results to
differ materially from those in the forward-looking statements contained
herein. All statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking statements,
including, but not limited to, statements regarding the continuing brand sales
momentum in 2024 and the expected expansion of the Company's customers.

 

Reference should be made to those documents that Warpaint shall file from time
to time or announcements that may be made by Warpaint in accordance with the
London Stock Exchange AIM Rules for Companies ("AIM Rules") and the Disclosure
and Transparency Rules ("DTRs") which contains and identifies other important
factors that could cause actual results to differ materially from those
contained in any projections or forward-looking statements. These
forward-looking statements speak only as of the date of the original
announcement, 24 April 2024. All subsequent written and oral forward-looking
statements by or concerning Warpaint are expressly qualified in their entirety
by the cautionary statements above. Except as may be required under the AIM
Rules or the DTRs or by relevant law in the United Kingdom, Warpaint does not
undertake any obligation to publicly update or revise any forward-looking
statements because of new information, future events or otherwise arising.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAEADKKEEFLEFA