17 Dec 2012 10:15
LITEBULB GROUP LIMITED
("LiteBulb" or "the Company")
Issue of Equity and Change of Registered Address
LiteBulb (AIM: LBB), which identifies, engineers, manufactures and distributes innovative branded consumer products, announces the issue of ordinary shares and the change of its registered address.
Issue of Equity
The Company has today issued 6,818,180 ordinary shares as part consideration for Scarlett Willow Ltd, a company acquired by Litebulb in September this year, and 4,511,280 ordinary shares to a creditor for services provided to the Company (together "Issued Shares").
Application will be made for the Issued Shares to be admitted to trading on AIM and it is expected that admission will become effective on 19 December 2012. Following admission of the Issued Shares, the total number of issued ordinary shares in the Company will be 979,508,934. The Company does not hold any ordinary shares in treasury and therefore this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
Change of Address
The Company has changed its registered address with immediate effect. The Company's new registered address is:
Anglo Saxon Trust Limited
PO Box 264
JP Morgan House
Grenville Street
St Helier
Jersey
JE4 8TQ
Channel Islands
Accounts
The Company has posted its Annual Report and Accounts for the year ended 30 June 2012 to shareholders and a copy is available on the Company's website: www.litebulbgroup.com
For further information, please contact:
LiteBulb Group Limited | www.litebulbgroup.com |
Simon McGivern, Chief Executive | Tel: 020 3384 7131 |
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finnCap (NOMAD & Joint Broker) | Tel: 020 7220 0500 |
Stuart Andrews/Ben Thompson (Corporate Finance) |
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Joanna Weaving (Corporate Broking) |
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First Columbus LLP (Joint Broker) | Tel: 020 3002 2070 |
Chris Crawford |
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PG Capital |
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Paul Gazzard | Tel: 01725 510383 |
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Walbrook PR Limited | Tel: 020 7933 8780 |
Bob Huxford | bob.huxford@walbrookpr.com or 07747 635 908 |
Paul McManus | paul.mcmanus@walbrookpr.com or 07980 541 893 |
About LiteBulb Group
LiteBulb Group is a full turnkey solutions provider enabling innovative brands and products to be rapidly and successfully taken to market. LiteBulb's own successful brands include:
ila Safety - Stylish and functional personal safety accessories for women
Scootrix - Accessories for personalising children's scooters
Shirt Box - Lunch and sandwich boxes with designs of favourite football teams and superheroes
Cartoon Stripz - Snap and twist collectable play sets for children
Scarlet Willow - Stylish tableware and personalised gifts
Litebulb also owns product development experts Premium Factory, which develops and manufactures promotional items for multi-nationals clients including Nestle and Unilever. The Premium Factory also provides the Company with access to over 30 varied manufacturers so that a wide range of new products can be manufactured rapidly and cost effectively.
LiteBulb products are sold by over 12 blue chip retailers including: ASDA, BHS, Tesco, Wilkinsons, Sainsbury's, WH Smith, Halfords, Morrisons, QVC, Next, Fenwicks, Toys R Us, and Dunnes Stores in Ireland.
In addition, the Company has unrivalled access to market intelligence from multinational advertising company Bartle Bogle Heggarty (BBH), which own 18% of LiteBulb and co-founded the business in 2009 in order to outsource development, production and distribution of its innovative products. BBH's on-going research into markets and trends on behalf of its clients means that it is continually identifying gaps in markets, allowing them to work with LiteBulb to create innovative products to fill those gaps.