Silverwood Brands plc (Aquis: SLWD), a holding company established to invest primarily in branded consumer businesses, is pleased to announce that the Capital Reduction approved by Shareholders on 8 March 2024 was confirmed by the Court on 16 April 2024.

However, the Capital Reduction only takes effect when the Court order is registered by the Registrar of Companies, and, despite the Company's lawyers lodging the Court order with the Registrar of Companies on 16 April 2024 and paying for expedited registration, the Registrar of Companies has not yet registered the Court order. The Company has been advised that registration of the order could take 8 - 10 days.

Accordingly, trading in the Ordinary Shares on the Aquis Growth Market will not be restored, as initially expected, on Friday, 19 April 2024, and a further announcement will be made in due course.

About Silverwood Brands PLC

Silverwood Brands PLC is a leader in the health and beauty industry, committed to developing and marketing high-quality products that meet the diverse needs of consumers worldwide. Through strategic acquisitions and organic growth, Silverwood Brands continues to enhance its portfolio and global reach, ensuring a strong position in the competitive health and beauty market.