Castelnau Group Ltd Silverwood Brands Plc. Loan Conversion

 
TIDMCGL 
 
31 May 2023 
 
Castelnau Group Limited 
 
("Castelnau" or "The Company") 
 
Silverwood Brands Plc. Loan Conversion 
 
Castelnau Group Limited, is pleased to announce that it has agreed to convert 
its convertible loan to Silverwood Brands PLC ("Silverwood") into equity in 
Silverwood. The total principal amount of the facility, excluding accrued 
interest, is £1.5mn and the conversion price is 70 pence per ordinary share. 
 
Following conversion, Castelnau will own approximately 1.8% of the equity in 
Silverwood. Silverwood equity accounts for approximately 1.5% of the net asset 
value of the Company. 
 
Silverwood is an investment vehicle focused on premium consumer brands which 
have an existing presence in the beauty sector. The purpose of the loan, which 
was issued in December 2022, was to provide additional working capital funding 
to Silverwood as it completed two acquisitions. 
 
Graham Shircore, CEO of Castelnau at Phoenix Asset Management Partners, said: 
"Our decision to proactively convert this facility is indicative of our 
continued confidence in the progress which the Silverwood team are making. We 
look forward to working with them further as they continue to grow the 
business." 
 
Further information on the Company can be found on its website 
at www.castelnaugroup.com 
 
Castelnau Group 
Graham Shircore 
info@castelnaugroup.com 
 
Liberum Capital Limited 
+44 (0) 20 3100 2000 
Darren Vickers/Owen Matthews/Will King 
 
Citigate Dewe Rogerson 
+44 (0) 20 7638 9571 
Caroline Merrell/Toby Moore/Sheena Munsami 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

(END) Dow Jones Newswires

May 31, 2023 11:53 ET (15:53 GMT)

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