Litebulb Group Limited Disposal Update (2758V)
April 15 2016 - 2:00AM
UK Regulatory
TIDMLBB
RNS Number : 2758V
Litebulb Group Limited
15 April 2016
15 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.
On 11 April 2016 the business and assets of Litebulb Studios
Limited (in administration) were sold to Hubcom Limited for
consideration of GBP20,000 and the business and assets of Meld
Marketing Strategies Limited (in administration) and Ginger Fox
Limited (in administration) were sold to Hacche Retail Limited for
consideration of GBP131,109 and GBP321,892 respectively.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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