REG - Warpaint London PLC - Announcement pursuant to AIM rule 13

Warpaint LondonAnnouncement

24/03/2025 13:45

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RNS Number : 9150B  Warpaint London PLC  24 March 2025

24 March 2025

Warpaint London plc

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

Announcement pursuant to AIM rule 13

Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics
and owner of the W7 and Technic brands, announces that its registrar is
issuing a replacement share certificate relating to 4,250,000 ordinary shares
of 25 pence each in the Company ("Ordinary Shares"), being the entire holding
belonging to the wife of Eoin Macleod, Managing Director (the "Replacement
Certificate").

In connection with the Replacement Certificate, the Company has provided its
registrars with an indemnity (the "Company "Indemnity").  To ensure that the
Company has no potential liability, Eoin Macleod has provided the Company with
a full indemnity in respect of the Replacement Certificate and providing the
Company Indemnity (the "EM Indemnity").

The entry into of the Company Indemnity and the EM Indemnity constitute a
related party transaction pursuant to Rule 13 of the AIM Rules for Companies.
The independent directors of the Company (being all executive and
non-executive directors except Mr Macleod), having consulted with Shore
Capital and Corporate Limited, the Company's Nominated Adviser, consider that
the terms of the Company Indemnity and EM Indemnity are fair and reasonable
insofar as the Company's shareholders are concerned.

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 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 supplies
cosmetics under its other brand names of Man'stuff, Body Collection and Chit
Chat, each targeting a different demographic. Additionally, in February 2025,
Warpaint acquired a number of leading health, beauty and personal care brands
that complement its existing cosmetics brands, including Skin & Tan, Super
Facialist, Dirty Works and Fish Soho.

 

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