Quash Products PLC
Quash Products PLC : QUASH ANNOUNCES SHARE CONSOLIDATION IN LINE WITH NEW LISTING REQUIREMENTS ON FRANKFURT STOCK EXCHANGE
Quash Products PLC / Key word(s): Miscellaneous QUASH ANNOUNCES SHARE CONSOLIDATION IN LINE WITH NEW LISTING REQUIREMENTS ON FRANKFURT STOCK EXCHANGE Quash Products is pleased to announce that all resolutions were passed at the EGM held on 29th September. One of the resolutions was for the company to undertake a share consolidation so that the par value per share is GBP0.10. As such a 4:1 consolidation has taken place and the new securities will be admitted to trading tomorrow morning. Following the consolidation and the issuing of new placing shares, the total shares in issue will be 6,695,681 The new ISIN is GB00B743N599. Quash continues to pursue its strategy as set out in the announcement on the 12th September 2011. John Garner commenting said: ‘I am pleased that everything has been voted through by shareholders at the EGM and that Quash are now fully compliant with the new listing rules of the Frankfurt Stock Exchange. In terms of the business there has been significant progress made in the Middle East and the Far East with the existing products and the new range of products. I look forward to be able to update the shareholders as and when appropriate.’ About Quash Products plc Quash is an independent, exchange listed company (ticker: QPS Frankfurt, Xetra) operating in the 100% natural segment of the personal care market. The Group distributes through a number of major high-street retailers in the UK and is taking steps to further expand the international reach of its natural product range in Europe, Middle East, Asia and North America. Quash is a unique formulation of 100% natural ingredients lab-proven to kill the toughest of germs and viruses without the need for soap or water. In addition to killing 99.9999% of harmful germs, the pleasant smelling Quash formulation moisturises and regenerates skin. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Quash Products plc as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Registered office: End of Corporate News 29.09.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
140807 29.09.2011 |