Litebulb Group Limited Financing Update (6637P)
22 Fevereiro 2016 - 4:00AM
UK Regulatory
TIDMLBB
RNS Number : 6637P
Litebulb Group Limited
22 February 2016
LITEBULB GROUP LIMITED
("LiteBulb" or the "Company")
Financing Update
LiteBulb (AIM: LBB), the branded product developer, provides the
following update further to its announcement of 1 February
2016.
As previously announced on 18 January 2016, the first tranche of
the Company's existing convertible loan notes ("Loan Notes") of
GBP800,000 principal plus outstanding interest and redemption
premia was due for repayment on 20 February 2016. The Company is
pleased to announce that the Loan Note holders have agreed to
extend this debt until 23 March 2016.
The Company is now in active discussions to secure additional
financing of approximately GBP2.0 million through an equity
fundraising, alongside the associated restructuring of its current
indebtedness. While the Board has made significant progress towards
achieving this, it notes that the Company's current cash position
remains tight.
For further information, please contact:
LiteBulb Group Limited www.litebulbgroup.com
Howard Partington, Interim Chief Tel: 020 3384 7100
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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February 22, 2016 02:00 ET (07:00 GMT)
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