7 June 2024
Warpaint London
PLC
("Warpaint" or the "Company")
Warpaint to present at the
Small-Cap Growth Virtual Investor Conference on 13 June
2024
Warpaint invites individual
and institutional investors, as well as advisors and analysts, to
attend online at VirtualInvestorConferences.com
London, UK, 7 June 2024 - Warpaint
London plc (AIM: W7L; OTCQX: WPNTF), the
specialist supplier of colour cosmetics and owner of the W7 and
Technic brands, announces that Sam Bazini, chief executive officer
and co-founder, will present live at the
Small-Cap Growth Virtual Investor Conference hosted by
VirtualInvestorConferences.com on 13 June 2024 at 10.00am Eastern
time (3.00pm BST).
This will be a live, interactive
online event where investors are invited to ask the Company
questions in real-time. If attendees are not able to join the event
live on the day of the conference, an archived webcast will also be
made available after the event. The event may be accessed via
the following link: https://bit.ly/44WdZwZ
It is recommended that online
investors pre-register and run the online system check to expedite
participation and receive event updates.
Learn more about the event at
www.virtualinvestorconferences.com.
Warpaint Q1 2024 Highlights (as
announced on 24 April 2024)
·
Continued strong trading in Q1 2024, with
unaudited Group sales for the three months to 31 March 2023 of
£23.5 million an increase of 28% on the same period in
2023
·
Gross margin in Q1 was robust and better than that
achieved for full year 2023
·
Maintained a strong balance sheet,
with no debt. Cash balances as at 2 April 2024 totalled £7.5
million after investment in a significant increase in stock to
satisfy expected demand later in the year (31 March 2023: £8.5
million)
·
Continuing brand sales momentum being seen in
2024, both internationally and the UK, including:
o In
the US:
à
Q1 2024 expansion into CVS in the US already
implemented, expanding the W7 range stocked and roll-out to a
further 387 stores
à
Significant Christmas order received from Walmart,
for W7 and Chit Chat product and in discussions to stock the
Group's all-year-round product
à
Significant expansion planned with Five Below
during H1 2024, including the stocking of an increased range of W7
product in all 1,544 of their stores, with a further 225+ Five
Below stores expected to open in the next 12 months stocking W7
products
o In
the UK:
à
In March 2024, a full range of Technic products
was launched in an initial 202 Morrisons stores
à
Expansion to a further 100 Boots stores during
April 2024 with additional W7 products stocked in existing and
newly added stores
à
Further rollout with Superdrug planned for July
2024, into a further 63 stores, taking the number of Superdrug
stores served to 134, and an increase in the products stocked
across all these stores
o Further range and store expansions planned with other existing
customers including Etos, Normal, Tesco, The Range and Wibra,
together with launches with a number of significant new
customers
Enquiries:
|
|
Warpaint London plc
|
c/o IFC
|
Sam Bazini - Chief Executive
Officer
Eoin Macleod - Managing
Director
Neil Rodol - Chief Financial
Officer
Adam Kay - Investor
Relations
|
+1 310 868 6380
|
Shore Capital (Nominated Adviser &
Broker)
|
+44 (0)20 7408 4090
|
Patrick Castle, Daniel Bush -
(Corporate Advisory)
Fiona Conroy - Corporate
Broking
|
|
|
|
IFC
Advisory (Financial PR & IR)
Tim Metcalfe, Graham Herring,
Florence Chandler
|
+44 (0)20 3934 6630
|
Warpaint London plc
Warpaint sells branded cosmetics
under the lead brands of W7 and Technic. W7 is sold in the UK
primarily to major retailers and internationally to local
distributors or retail chains. The Technic brand is sold in the UK
and continental Europe with a significant focus on the gifting
market, principally for high street retailers and supermarkets. In
addition, Warpaint also sells cosmetics under its other brand names
of Man'stuff, Body Collection and Chit Chat, each targeting a
different demographic.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC)
is the leading proprietary investor conference series that provides
an interactive forum for publicly traded companies to seamlessly
present directly to investors.
Providing a real-time investor
engagement solution, VIC is specifically designed to offer
companies more efficient investor access. Replicating the
components of an on-site investor conference, VIC offers companies
enhanced capabilities to connect with investors, schedule targeted
one-on-one meetings and enhance their presentations with dynamic
video content. Accelerating the next level of investor engagement,
Virtual Investor Conferences delivers leading investor
communications to a global network of retail and institutional
investors.
Forward-Looking Statements
This press release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and legislation in the
United Kingdom. These forward-looking statements are made under the
"safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995 and involve risks and uncertainties
which could cause actual results to differ materially from those in
the forward-looking statements contained herein. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including, but not limited to, statements regarding the continuing
brand sales momentum in 2024 and the expected expansion of the
Company's customers.
Reference should be made to those
documents that Warpaint shall file from time to time or
announcements that may be made by Warpaint in accordance with the
London Stock Exchange AIM Rules for Companies ("AIM Rules") and the
Disclosure and Transparency Rules ("DTRs") which contains and
identifies other important factors that could cause actual results
to differ materially from those contained in any projections or
forward-looking statements. These forward-looking statements speak
only as of the date of the original announcement, 24 April 2024.
All subsequent written and oral forward-looking statements by or
concerning Warpaint are expressly qualified in their entirety by
the cautionary statements above. Except as may be required under
the AIM Rules or the DTRs or by relevant law in the United Kingdom,
Warpaint does not undertake any obligation to publicly update or
revise any forward-looking statements because of new information,
future events or otherwise arising.