Silverwood Brands PLC Lush transaction update; legal proceedings notice (3366H)
July 27 2023 - 2:00AM
UK Regulatory
TIDMSLWD
RNS Number : 3366H
Silverwood Brands PLC
27 July 2023
Silverwood Brands Plc
("Silverwood" or the "Company")
Update on Lush Transaction; Notice of Legal Proceedings
Silverwood Brands plc ("the Company") (AQSE: SLWD), a holding
company established to invest primarily in branded consumer
businesses, wishes to advise shareholders that on 26 July 2023, the
Company received service of legal proceedings from Lush Cosmetics
Limited and Cosmetic Warriors Limited (together "Lush").
Lush is seeking, inter alia, declaratory relief that the
transfers of shares in Lush to Cosmic Circles Limited, the wholly
owned subsidiary of Silverwood, were not compliant with their
Articles of Association and that they were entitled to refuse to
register the transfers. Silverwood disagrees with Lush and is
seeking legal advice in relation to its next steps.
Silverwood Brands plc
P aul Hodgins info@silverwoodbrands.com
--------------------------
VSA Capital - AQSE Corporate Adviser and +44(0)20 3005
Broker 5000
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Andrew Raca, Simba Khatai, Alexander Cabral
(Corporate Finance)
Andrew Monk, David Scriven, Peter Mattsson
(Corporate Broking)
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