21 Mar 2014 09:45
21 March 2014
LITEBULB GROUP LIMITED
("LiteBulb" or the "Company")
Issue of Equity
LiteBulb (AIM: LBB), the brand and product development specialist, announces that it has issued 18,936,348 ordinary shares of no par value ("Ordinary Shares"), as follows:
- 9,166,667 Ordinary Shares to Kinnerton SA in connection with a partial conversion of the secured convertible loan notes issued in June 2013 together with the pro rata accrued interest;
- 1,273,248 Ordinary Shares in lieu of a cash payment of professional fees; and
- 8,496,433 Ordinary Shares to a former employee in respect of an exercise of options over Ordinary Shares.
Application has been made for the 18,936,348 Ordinary Shares to be admitted to trading on AIM and it is expected that admission will become effective on 27 March 2014. Following admission, the total number of issued Ordinary Shares in the Company will be 2,283,202,637. 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 Conduct Authority's Disclosure and Transparency Rules.
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 & Broker) | Tel: 020 7220 0500 | ||
Stuart Andrews/Ben Thompson (Corporate Finance) |
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Joanna Weaving (Corporate Broking) |
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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 designs, manufactures and distributes innovative brands and products to the global retail market.
LiteBulb Products, including Ila, Scootrix and third-party global brands such as Star Wars and National Geographic, are sold in over 30 countries through blue chip retailers including: ASDA, BHS, Marks & Spencer, Tesco, Sainsbury's, WH Smith, Halfords, Morrisons, QVC, Next, Fenwicks and Toys R Us.
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.