LBB Litebulb Grp

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

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April 15, 2016 02:00 ET (06:00 GMT)

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