Completion of Acquisition and Change of Name
September 30 2008 - 2:01AM
UK Regulatory
RNS Number : 6199E
Ninety PLC
30 September 2008
Embargoed Release: 07:00hrs Tuesday 30 September 2008
Ninety Plc
("the Company")
Admission of Enlarged Share Capital to Trading on AIM
Proposed Change of Name to Sorbic International plc
Change of ticker to SORB.L
Ninety is pleased to announce that following completion of the acquisition of Honour Field, the enlarged share capital of the Company is
expected to be admitted to AIM and trading to commence at 8.00am today under the AIM ticker: NINE.L
The Company's proposed change in name to Sorbic International plc and corresponding change to its AIM ticker to SORB.L is expected to
become effective at 8.00am tomorrow, Wednesday 1 October.
Notes to Editors: www.sorbicinternational.com
Sorbic International's principal activity is the production and sale of the food preservatives Sorbic Acid and Potassium Sorbate from
its 33,000 m� production facility in Linyi City, Shandong Province, Peoples Republic of China ("PRC"). In 2007, Sorbic International sold
47.7 per cent. of its products to overseas markets and 52.3 per cent. to the Chinese domestic market. In that period, its overseas customers
were spread over 46 countries and its domestic customers were spread all over China. The Company's existing manufacturing facilities are
operating at their full design capacities and in order to meet future anticipated growth in demand, it proposes to double its existing
manufacturing capacity utilising the Company's existing cash resources and working capital facilities.
Sorbic Acid is a naturally occurring organic compound that is used in all kinds of foods for its anti-decomposition and anti-fungus
function and also in grains, medicines, cosmetics, toothpaste, tobacco, animal feed, latex, paper-manufacturing and pesticides. Potassium
Sorbate is used to inhibit moulds and yeasts in many foods, such as cheese, wine, yogurt, dried meat, baked goods, cosmetics and
pharmaceuticals.
-end-
Enquiries:
Sorbic International plc, John McLean, Chairman Tel: +44 (0)7768 031 454
FinnCap, Geoff Nash Tel: +44 (0) 20 7600 1658
Hansard Group, John Bick Tel: +44 (0) 7872 061007
This information is provided by RNS
The company news service from the London Stock Exchange
END
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