Straight PLC Admission to Social Stock Exchange (4446G)
06 June 2013 - 7:04PM
UK Regulatory
TIDMSTT
RNS Number : 4446G
Straight PLC
06 June 2013
Date: 6 June 2013
On behalf of: Straight plc ("Straight" the "Company" or
"the Group")
Straight plc
Admission to Social Stock Exchange
Straight plc, (AIM:STT) the environmental and products services
group, is pleased to announce its admission onto the Social Stock
Exchange, the first platform to showcase publicly listed social
impact businesses, which launched yesterday.
Underpinned by a robust admissions process, the Social Stock
Exchange's key focus is to provide more information to the market
and investors on companies with constructive social and
environmental impact. The aim is to generate more investment,
growth, and ultimately a global capital marketplace for common
cause and greater good.
Jonathan Straight, Chief Executive of Straight plc,
commented:
"I am delighted to announce our admission to the Social Stock
Exchange. A key factor in our decision to join was that it actively
encourages investors to make investment decisions best aligned to
their environmental and social values. This is clearly a platform
which corresponds to our own interests and goals. I firmly believe
that our business will benefit from the increased exposure to
investors seeking social and environmental impacts through the
deployment of their funds."
For further information: please contact:
Straight plc
Jonathan Straight, Chief Executive 07977 002 366
Redleaf Polhill
Rebecca Sanders-Hewett /Jenny Bahr 0207 382 4730
Cenkos Securities
Ivonne Cantu (Nomad) 0207 397 8980
Christian Hobart (Sales)
Notes for editors:
About Straight plc
-- Straight plc is the UK's leading manufacturer and supplier of
specialist kerbside recycling containers, as well as being a key
supplier of a broad range of waste and recycling container
solutions. Founded in 1993 by the current Chief Executive, Jonathan
Straight, the business has since supplied more than 25 million
kerbside boxes, baskets and caddies to local authorities across the
UK, securing its position as the industry leader.
-- The business operates through two divisions. The core Trade
Business supplying products in bulk to local authorities,
utilities, the waste industry, retailers and other businesses and
the Retail Business supplying a range of proprietary
environmentally friendly consumer products directly to the public,
often in partnership with a local authority or a utility.
-- In 2010 two major acquisitions changed the business model,
which previously relied on outsourced manufacture. In March 2010
Straight acquired the business and assets of the UK business of
Helesi plc giving it a proprietary position in the wheeled bin
market. This was followed in August 2010 by the acquisition of
Powell Plastics, a key supplier of injection mouldedproducts to the
group. The Powell factory, in Hull, has since been developed to
include a blow mouldingcapability.
-- In February 2009, Straight added to its portfolio with the
acquisition of Harcostar Garden Products, a long established
premium brand consisting of water butts, compost bins, watering
cans and accessories. This gained new distribution channels for the
business in the UK and in Europe.
-- In 2005, Straight acquired Blackwall Limited, the UK's
largest supplier of home composters and water butts. Through the
Blackwall brand, Straight has delivered more than 3.5 million
compost bins and water butts.
-- Almost two thirds of the products the Group supplies are now
produced in Straight's own factory.
-- Straight plc has established diverse overseas sales channels
for its products, some of which are manufactured locally to their
markets in North America and in Australia. Other markets are
serviced from UK production.
Further information about the company and its products can be
found at: www.straight.co.uk
About SSE
The Social Stock Exchange is a unique marketplace designed to
connect publicly listed social impact businesses with investors
seeking to generate positive impact alongside a financial
return.
The Social Stock Exchange is a unique marketplace designed to
connect publicly listed social impact businesses with investors
seeking to generate positive impact alongside a financial
return.
Its aim is to bridge the information gap between values-based
investors and growth businesses that are delivering positive social
and environmental impact through their core activities. By doing
this the SSE provides investors with the knowledge they need to
identify and compare those organisations that deliver demonstrable
value to society and the environment. This will allow the social
investment market to grow to scale, leading to the creation of more
impact.
Through its online portal, the SSE gives member companies the
opportunity to articulate and evidence their social and
environmental impact, whilst giving investors the tools and
frameworks necessary to assess the social value generated by the
businesses featured.
The Social Stock Exchange's rigorous admissions process includes
the publication of an independent Impact Report prepared by
specialists in social impact. Applications are reviewed and
approved by an independent Admissions Panel, meaning that investors
can rely on a sound vetting procedure, based on best practice
disclosure.
For more information about the SSE, visit us at
http://www.socialstockexchange.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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