Flying Brands Limited Director Dealings (2073O)
17 August 2017 - 4:01PM
UK Regulatory
TIDMFBDU
RNS Number : 2073O
Flying Brands Limited
17 August 2017
FLYING BRANDS LIMITED
("Flying Brands" or the "Company")
Director Dealings
Flying Brands announces that Trevor Brown, Director of the
Company, has gifted, for nil consideration, GBP16,874 of
convertible loan notes 2020 ("Convertible Loan Notes"), together
with accrued interest, to Dr Balaji Ganeshan, Chief Technical
Officer of Stone Checker Limited, the Company's subsidiary. The
Convertible Loan Notes accrue interest of 6.75% per annum and are
convertible at a price of GBP0.011, at any time up to 11 March
2018.
Following this disposal, Trevor and Free Books Associations Ltd
(a company connected to Trevor) hold the remaining GBP196,926
Convertible Loan Notes. In addition, Free Association Books Ltd
holds GBP100,000 of convertible loan notes issued pursuant to a
loan note instrument dated 18 November 2015.
**ENDS**
For further information please contact:
Flying Brands Limited
Qu Li/Trevor Brown/Vinod Kaushal
Tel: 020 7469 0930
Peterhouse Corporate Finance (Financial Adviser and Broker)
Lucy Williams/Heena Karani
Tel: 020 7220 9797
This information is provided by RNS
The company news service from the London Stock Exchange
END
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