31
July 2024
East Imperial
plc
("East Imperial" or the
"Company")
Appointment of liquidator to
New Zealand subsidiary
Intention to appoint a
liquidator and intention to cancel the Company's listing on the
Equity Shares (Transition) category of the Official
List
On 15 April 2024, East Imperial, the
global purveyor of super-premium beverages, announced it had
requested and been granted a suspension in trading of its shares on
the Main Market for listed securities with effect from 15 April
2024 pending clarification of the Company's financial
position. The Company also ceased
trading.
Since that date the Board has looked
at a number of possible routes to seek repayment for creditors and
potentially retain value to shareholders. These discussions have
been ongoing to the present date. However, we have been informed
that on 30 July 2024 INL Investment Limited
("INL") has proceeded to appoint a liquidator to the Company's New
Zealand subsidiary, East Imperial Limited, having first exercised
its security over the subsidiary's intermediate holding company. In
the circumstances the Board will now proceed with the appointment
of a Liquidator to the Company and hereby gives notice of the
intention to cancel the Company's listing on the Equity Shares
(Transition) category of the Official List ("Cancellation"). A
further announcement in relation to Cancellation will be made in
due course.
This announcement contains
inside information for the purposes of Article 7 of the UK version
of Regulation (EU) No 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
For
further information, please contact:
|
East Imperial plc
Anthony Burt
|
investors@eastimperial.com
|
|
Allenby Capital Limited (Broker)
Guy McDougall / Matt Butlin (Sales
and Corporate Broking)
Jeremy Porter / Piers Shimwell
(Corporate Finance)
|
+44 (0)20 3328 5656
|
About East Imperial
Founded in New Zealand and Singapore
in 2012, East Imperial produces a range of super-premium mixers
that sell throughout APAC, the US and EMEA. Guided by a clear
strategy to capitalise on the growing demand for premiumisation
across the beverage industry, East Imperial has sold over 33
million bottles in over 20 countries since its founding, with
popular products including Old World Tonic Water, Grapefruit Tonic
Water, Yuzu Tonic Water and Mombasa Ginger Beer. In 2023, East
Imperial won 8 medals at the coveted Tonic & Mixers Masters
Competition in London.
The Company was founded on the
philosophy of creating exquisite products defined by heritage,
tradition, and authenticity. All products are made from the highest
quality, all-natural ingredients, reflecting East Imperial's
commitment to providing a sustainable product and minimising
environmental impacts at every stage of the manufacturing process.
For more information about East Imperial and its ultra-premium
mixers.