(SLM.L) Slimma PLC Buy/Sell

RNS Number : 2303X Slimma PLC 11 August 2009

Slimma plc

(the "Company")

Notice of Interest

On 6 August 2009, the Company received notification that, on 5 August 2009:

1. Westcombe Investments Limited ("Westcombe Investments") had purchased an additional 150,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares");

2. Alexandra Hendy had purchased an additional 50,000 Ordinary Shares; and

3. Nicholas Hendy had purchased an additional 50,000 Ordinary Shares.

Alexandra Hendy and Nicholas Hendy may be considered associates of Westcombe Investments. These three shareholders do not consider themselves to be a concert party under the rules of the Takeover Panel, however, they consider that they may be deemed to be acting in concert by certain regulatory bodies.

Westcombe Investments and associates are now interested in the following numbers of Ordinary Shares:

Ordinary Shares purchased New Shareholding %
Westcombe Investments 150,000 1,047,500 11.16
Alexandra Hendy 50,000 352,500 3.76
Nicholas Hendy 50,000 350,000 3.73

The aggregate holding of the three parties is 1,750,500 Ordinary Shares, which represents 18.66% of the current issued ordinary share capital of the Company excluding shares held in treasury.

For further enquiries please contact:

Stephen Thwaite, Slimma plc Tel: 01538 399 141

Dan Bate, WH Ireland Limited Tel: 0161 832 2174

This information is provided by RNS The company news service from the London Stock Exchange

HOLUAOWRKARWARR

RNS Number : 9821T Slimma PLC 16 June 2009

Slimma plc

(the "Company")

Notice of Interest

On 8 June 2009, the Company received notification that, on 5 June 2009, F&C Asset Management plc ("F&C") disposed of 300,000 ordinary shares of 5p each in the capital of the Company. Following this disposal F&C no longer has a disclosable interest in the Company.

For further enquiries please contact:

Stephen Thwaite, Slimma plc Tel: 01538 399 141
Dan Bate, WH Ireland Limited Tel: 0161 832 2174

This information is provided by RNS The company news service from the London Stock Exchange

HOLUNAORKNRNAAR

RNS Number : 9688T Slimma PLC 16 June 2009

Slimma plc

(the "Company")

Notice of Interest

On 8 June 2009, the Company received notification that, on 5 June 2009:

1. Westcombe Investments Limited ("Westcombe Investments") had purchased an

additional 170,000 ordinary shares of 5p each in the capital of the

Company ("Ordinary Shares");

2. Alexandra Hendy had purchased an additional 51,250 Ordinary Shares; and

3. Nicholas Hendy had purchased an additional 53,750 Ordinary Shares.

Alexandra Hendy and Nicholas Hendy may be considered associates of Westcombe Investments. These three shareholders do not consider themselves to be a concert party under the rules of the Takeover Panel, however, they consider that they may be deemed to be acting in concert by certain regulatory bodies.

Westcombe Investments and associates are now interested in the following numbers of Ordinary Shares:

Ordinary Shares purchased New Shareholding %
Westcombe Investments 170,000 897,500 9.57
Alexandra Hendy 51,250 300,000 3.20
Nicholas Hendy 53,750 300,000 3.20

The aggregate holding of the three parties is 1,497,500 Ordinary Shares, which represents 15.96% of the current issued ordinary share capital of the Company excluding shares held in treasury.

For further enquiries please contact:

Stephen Thwaite, Slimma plc Tel: 01538 399 141
Dan Bate, WH Ireland Limited Tel: 0161 832 2174

This information is provided by RNS The company news service from the London Stock Exchange

HOLUNSRRKURNAAR

RNS Number : 2149T Slimma PLC 03 June 2009

Date: Wednesday 3rd June 2009

Embargoed: 7.00am

Slimma plc

("Slimma" or "the Company")

Interim Results

for the 26 weeks ended 3 April 2009

STATEMENT BY THE NON-EXECUTIVE CHAIRMAN, CAROLYN SIMONS

Slimma's results for the 26 weeks ended 3 April 2009 reflect the continuing challenges of the current economic downturn. Despite these conditions, the Board are continuing the Company's strategy of moving towards the design, marketing and wholesale of high value, high margin branded products.

Sales for the period were £6.99 million, down 14% against sales of £8.13 million last year. Operating profit was £62,000 compared to £177,000 last year, and pre tax profit was £2,000 compared to £44,000 last year.

In the statement issued at the April 2009 annual general meeting of the Company (the "2009 AGM Statement"), I stated that in order to ensure Slimma's long term position with the market and as a further strategic move in the progress towards the wholesale of high value, high margin branded product, the Company's contract design and manufacturing business, which services mail order and high street customers, would be closed. Sales in this division have been in decline for a number of years and as a result, the Board believe it is commercially unviable for the Company to continue operating this part of its business. Exceptional costs relating to redundancies associated with the closure will be met within the current financial year. Going forward as part of the Company's restructuring program, this will not only reduce future bank borrowings, but will also allow management to focus on the support of Slimma's key brands.

Shareholders attention is drawn to the comments in the 2009 AGM Statement relating to the next six months, which the board still believe will represent the most challenging period for the Company and the sector's retailing in general.

Despite the continuing economic difficulties, Slimma is making good progress towards its ultimate goal but the Board recognise that there are further testing times ahead for all retailers.

C Simons

Chairman

3rd June 2009

Enquiries:
Stephen Thwaite, Chief David Youngman Katie Dale, Head of Financial PR/IR

Executive
Slimma plc WH Ireland Limited Golley Slater
Tel: 01538 399 141 Tel: 0161 832 2174 Tel: 0121 384 9743
www.slimma.com Mobile: 07918 716 754
Interim Income Statement

For the 26 weeks ended 3 April 2009

Interim Interim Final
26 weeks 26 weeks 52 weeks
ended ended ended
3 April 28 March 3 October

(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Revenue 6,992 8,130 13,494
Operating expenses (6,930) (7,953) (14,103)
Operating profit/(loss) 62 177 (609)
Finance income 20 0 16
Finance costs (80) (113) (237)
Profit/loss before income tax 2 64 (830)
Income tax (expense)/credit 0 (20) 216
Profit/(loss) for the period 2 44 (614)
Profit/loss attributable to equity 2 44 (614)

holders of the Company

Earnings per ordinary share (basic and 0.02p 0.47p (6.54p)

diluted)

Statement of recognised income and expense

Interim Interim Final
26 weeks 26 weeks 52 weeks
ended ended ended
3 April 28 March 3 October

(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Profit/(loss) for the period 2 44 (614)
Actuarial gain on defined benefit 0 0 4

pension scheme
Related deferred tax on actuarial gain 0 0 (1)
Total recognised income and expense 2 44 (611)
Attributable to equity holders of the 2 44 (611)

Company

Balance Sheet

As at 3 April 2009

3 April 28 March 3 October

(unaudited) (unaudited) (audited)
£'000 £'000 £'000

Non-current assets
Property, plant & equipment 469 181 498
Intangible assets 524 584 529
Deferred income tax assets 462 187 462
Pension scheme surplus 383 242 383
1,838 1,194 1,872

Current assets
Inventories 2,360 2,177 2,151
Trade and other receivables 5,265 5,826 4,149
Financial assets 0 3 15
Cash and cash equivalents 63 20 61
Total current assets 7,688 8,026 6,376
Total assets 9,526 9,220 8,248
Non-current assets held for sale 0 371 0

Non-current assets
Pension scheme deficit 0 0 0

Current liabilities
Financial liabilities 3,936 3,301 3,219
Trade and other payables 2,151 2,305 1,592
Total current liabilities 6,087 5,606 4,811
Deferred tax liability 107 0 107
Total Liabilities 6,194 5,606 4,918
Total net assets 3,332 3,985 3,330

Equity
Share capital 521 521 521
Share premium 3,024 3,024 3,024
Capital redemption reserve 285 285 285
Treasury shares (600) (600) (600)
Retained earnings 102 755 100
Total equity attributable to the equity 3,332 3,985 3,330

holders of the Company

Cash Flow Statement

For the 26 weeks ended 3 April 2009

26 weeks 26 weeks 52 weeks
ended ended ended
3 April 28 March 3 October

(unaudited) (unaudited) (audited)
£'000 £'000 £'000

Operating activities
Profit/(loss) before income tax 2 64 (830)
Finance income (20) 0 (16)
Finance costs 80 113 237
Impact of defined benefit pension scheme 0 0 (42)
Depreciation charge 40 59 117
Amortisation of intellectual property 34 34 69

assets
Amortisation of design assets 187 208 404

Changes in working capital
Inventories (209) 264 290
Trade and other receivables (1,116) (1,787) (121)
Financial assets 15 (3) (15)
Financial liabilities 0 0 (72)
Trade and other payables 559 742 12

Cash from other operating activities (428) (306) 33
Net financing cost (60) (113) (221)
Net cash from operating activities (488) (419) (188)

Investing activities
Capital expenditure less disposals (56) (27) (31)
Capitalisation of expenditure on design (171) (197) (373)

asset
Net cash used in investing activities (227) (224) (404)

Financing activities
Increase in overdraft (715) (643) (592)
Net cash used in financing activities (715) (643) (592)
Net (decrease in) cash and cash (715) (643) (592)

equivalents
Cash and cash equivalents at beginning (3,158) (2,638) (2,566)

of the period
Cash and cash equivalents at the end of (3,873) (3,281) (3,158)

the period

Statement of Changes in Equity
Capital redemption
Share capital Share premium reserve Treasury shares Retained earnings Total equity
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
£'000 £'000 £'000 £'000 £'000 £'000
As at 28 September 2007 521 3,024 285 (600) 711 3,941
Profit for the period to 28 0 0 0 0 44 44

March 2008
Loss for the period to 3 0 0 0 0 (658) (658)

October 2008
Dividends 0 0 0 0 0 0
Actuarial Gain on Pension 0 0 0 0 3 3

Scheme Net Assets
At 3 October 2008 521 3,024 285 (600) 100 3,330
Profit for the period to 3 0 0 0 0 2 2

April 2009
At 3 April 2009 521 3,024 285 (600) 102 3,332
Notes to the Interim Announcement

For the 26 weeks ended 3 April 2009

1. Basis of preparation

These interim financial statements have been prepared in accordance with the accounting policies set out below. The Company has not adopted the reporting requirements of IAS 34 'Interim Financial Reporting'.

The financial statements for the 52 weeks ended 3 October 2008 were fully prepared in accordance with the International Accounting Standards (IAS) and IFRS published by the International Accounting Standards Board (IASB) that were in issue.

The information relating to the 26 weeks ended 3 April 2009 and 28 March 2008 is unaudited and does not constitute statutory accounts. The comparative figures for the 52 weeks to 3 October 2008 are the Company's statutory accounts for that financial year. The statutory accounts for the 52 weeks ended 3 October 2008, prepared under IFRS, have been reported on by the Company's auditors and delivered to the Registrar of Companies. The report of the auditors was unqualified and did not contain a statement under section 237(2) or (3) of the Companies Act 1985. The interim financial statements are unaudited and have not been reviewed by the auditors.

2. Accounting policies

The interim financial statements have been prepared on the basis of the accounting policies set out in the Company's 3 October 2008 Annual Report

3. IAS 19 Employee Benefits

The year ended 3 October 2008 retirement benefit obligations under IAS 19 were provided by the Actuary for the Scheme. The 26 weeks to 3 April 2009 and 28 March 2008 have assumed no movement on the prior September year end surplus.

4. Tax on profit on ordinary activities

Tax for the 26 weeks ended 3 April 2009 has been provided at 30% of profits, which is the anticipated effective rate for the 52 weeks ending 2 October 2009.

5. Dividends

No dividend is proposed.

6. Earnings per share

Earnings per share for 2009 have been calculated on the number of shares in issue, excluding shares held in treasury, throughout the period of 9,382,442 (2008: 9,382,442) and on the profits after taxation for each period. There was no dilutive impact on the earnings per share for the reported periods.

7. Approval of the Interim Announcement

The Interim Announcement was approved by the Board of Directors on 3 June 2009.

8. Availability of the Interim Announcement

The Interim Announcement will be made available to all shareholders our web site www.slimma.com, where more information on our brands and products can be found, and will be available from the Company's Registered Office at:

Slimma plc

Slimma House

PO Box 30

Barngate Street

Leek

Staffordshire

ST13 8AR

This information is provided by RNS The company news service from the London Stock Exchange

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