Litebulb Group Limited Disposal Strategy Update (2786U)
2016年4月6日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMLBB
RNS Number : 2786U
Litebulb Group Limited
06 April 2016
6 April 2016
LITEBULB GROUP LIMITED
("LiteBulb" the "Company" or the "Group")
Corporate Update
LiteBulb (AIM: LBB), the branded product developer, provides an
update on corporate activity relating to its disposal strategy, as
announced on 3 March 2016.
BDO LLP has received non-binding indicative offers in respect of
each of the Group's trading subsidiaries and, together with
LiteBulb, continues to work on realising the maximum value from the
disposal process. As part of this process, Bluw Limited and Concept
Merchandise Limited have been placed into administration.
The Board cannot give guidance on the timeframe for, or
likelihood of, realisations at this stage although the Directors
believe that there will be no return to shareholders.
A further update will be made in due course.
For further information, please contact:
LiteBulb Group Limited www.litebulbgroup.com
Howard Partington, Interim Tel: 020 3384 7100
Chief Executive
Guy Pettigrew, Group Finance
Director
finnCap (NOMAD & Broker) Tel: 020 7220 0500
Stuart Andrews / Adrian Hargrave
/ Scott Mathieson (Corporate Finance)
Joanna Scott (Corporate
Broking)
Walbrook PR Limited Tel: 020 7933 8780 or
litebulb@walbrookpr.com
Paul McManus / Sam Allen Mob: 07980 541 893 / Mob:
07884 664 686
About LiteBulb Group
LiteBulb Group designs, manufactures and distributes innovative
brands and products to the global retail market.
LiteBulb Products, our wide range of products are sold in over
30 countries through blue chip retailers including: Tesco, M&S,
John Lewis Partnership, Sainsbury's, Debenhams, Wilkinson's, Next,
Boots, WH Smiths, Amazon, Target and Costco.
LiteBulb Creative is a creative agency with global reach,
delivering compelling and agile brand extension programmes to the
entertainment industry. LiteBulb Creative has designed products and
campaigns for clients around the world, including Disney, Hasbro
and Miramax.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 06, 2016 02:00 ET (06:00 GMT)
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