Shore Capital acts as Sole Bookrunner on the Upsized £31.5m Placing of Shares in Warpaint London plc

Shore Capital is delighted to have acted as Sole Bookrunner on a £31.5m placing of existing shares in Warpaint London plc (AIM: W7L) held by Samuel Bazini, CEO and Eoin Macleod, Managing Director. The Placing was conducted through an accelerated bookbuild.

The Placing was substantially oversubscribed and was very strongly supported by both existing and a large number of new institutional investors. To aid allocations, the Placing was upsized from 6m to 7m shares during the bookbuild.

Warpaint sells branded cosmetics under the lead brand names of W7 and Technic. 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, Warpaint supplies own brand white label cosmetics produced for several major high street retailers. The Group also sells cosmetics using its other brand names of Man’stuff, Body Collection and Chit Chat.

Shore Capital also acts as Nomad and Sole Broker for the Company.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Patrick Castle, Daniel Bush, Rachel Goldstein

Corporate Broking: Fiona Conroy

For Shore Capital media enquiries, please contact:  

[email protected]