The Company announces that, on 25 January 2012, Joe Grimmond, a director of the Company, bought 50,000 ordinary shares at a price of 13 pence per share. Following this transaction, Mr Grimmond has a beneficial interest in 4,978,337 ordinary shares of 1 penny each, representing 13.05 per cent. of the issued share capital of the Company.
Enquiries
Coral Products plc
Joe Grimmond, Non-Executive Chairman
Warren Ferster, Chief Executive & Managing Director
Tel: 07703 518 148
Tel: 01942 272 882
Nominated Adviser
Cairn Financial Advisers LLP
Avi Robinson / Tony Rawlinson
Tel: 020 7148 7900
Broker
XCAP Securities plc
David Lawman / Adrian Kirk
Tel: 020 7101 7070
Bankside Consultants
Richard Pearson
Tel: 020 7367 8888
This information is provided by RNS
The company news service from the London Stock Exchange
Coral is delighted to announce that it has been awarded the Global Standard for Packaging & Packaging Materials (Issue 4) certification by the British Retail Consortium. This enables Coral to supply food packaging directly to food manufacturers and packagers worldwide.
"This certification is the result of months of preparation and allows our Group to fully exploit the great prospects within our Interpack marketing and distribution business. It opens up further opportunities for the Group as we proceed to utilise the now approved Haydock manufacturing facility to expand our product offering. It is a further step in our strategy to reduce our dependence on media packaging."
Coral Products plc
Joe Grimmond, Non-Executive Chairman
Warren Ferster, Chief Executive & Managing Director
Tel: 07703 518 148
Tel: 01942 272 882
Nominated Adviser
Cairn Financial Advisers LLP
Avi Robinson / Tony Rawlinson
Tel: 020 7148 7900
Broker
XCAP Securities plc
David Lawman / Adrian Kirk
Tel: 020 7101 7070
Bankside Consultants
Richard Pearson
Tel: 020 7367 8888
This information is provided by RNS
The company news service from the London Stock Exchange
Still here,all alone!Today I followed JG & bought another 40k shares(JG bought 50k earlier in the week).
I now have a decent stake & await earn out news,trading news ,dividend news-hopefully all of which will be positive.
I wouldnt be surprised to see more acquisition news assuming all else is going well & the SP can improve,to enable to raise more capital a little more cheaply.
May take a while until the news starts flowing,but if it is as good as expected,with no setbacks,the SP will surely respond!
As the Interpack earn out is based on performance up to 31 Dec,a very short timescale,I would expect trading news in the not too distant future.Hopefully the 3 ckey Directors of Interpack will take more shares rather than cash,which will be a great vote of confidence in our future & leave us with more cash for add on acquisitions.
More great,if not unexpected news.This should enable us to generate more turnover in food packaging & generate more profits.
I now have a reasonable stake relative to the companys size but am tempted to increase further as ,with good news next year on the trading front & a restored dividend could see the SP substantially higher by this time next year,& that is without further "Corporate action" by JG
The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
