Last checked at 7 Dec 2011 07:00
7 December 2011
FLYING BRANDS LIMITED
COMPLETION OF THE DISPOSALS
Flying Brands Limited (the "Company") is pleased to announce that, following shareholder approval of the Disposals being granted at the EGM of the Company on 30 November 2011, the Retreat Farm Conditions and the Meadow Springs Conditions have now been concluded. The total gross proceeds of the Disposals of £3.325 million have been received by the Company and will be applied as detailed in the Circular posted to shareholders on 14 November 2011 (the "Circular").
Terms defined above are as defined in the Circular.
For further information, please contact:
Flying Brands Limited 01245 228 300
Stephen Cook, Chief Executive
Stuart Dootson, Group Finance Director
Smithfield Consultants 020 7360 4900
John Kiely
Notes to editors
Jersey based Flying Brands Limited (LSE: FBDU) is a multi brand and multi channel home shopping specialist. Founded in 1981, it was admitted to the Official List of the London Stock Exchange in 1993. The Group operates the following divisions:
·; Gifts (Flying Flowers, Flowers Direct and Drake Algar making the company one of the UK'sleading florists)
·; Garden (Gardening Direct, one of the UK's largest mail order bedding plants and gardening products operations; Garden Bird Supplies, a leading provider of food and accessories for birds and other wildlife; Garden Centre Online an internet retailer of garden hardware products)
·; Entertainment (Listen2, a mail order audio books, nostalgic music, DVD and video home shopping retailer)
More information can be found at: www.flyingbrands.com