BGBL Bglobal

TIDMBGBL

RNS Number : 1999K

Bglobal PLC

20 June 2014

20 June 2014

Bglobal plc ('Bglobal', the 'Group' or the 'Company')

Completion of disposal of Utiligroup Limited

Further to the announcements on 2 June 2014 and 18 June 2014, Bglobal plc (AIM:BGBL), announces that the disposal of its wholly-owned subsidiary Utiligroup Limited ("Utiligroup") to a new company backed by NorthEdge Capital LLP and supported by Utiligroup's management team, for a cash consideration of GBP16.1 million has completed.

- Ends-

For further information, please contact:

 
John Grant, Executive  Mark Taylor                  Rebecca Sanders-Hewett 
 Chairman               Laura White                  Dwight Burden 
 Tim Jackson-Smith,     Charles Stanley Securities   David Ison 
 CEO                    Nominated Adviser and        Redleaf Polhill 
 Bglobal plc            Broker                       Tel: 020 7382 4730 
 Tel: 01254 819 600     Tel: 020 7149 6000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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