25th Nov 2013 07:00
25 November 2013
LITEBULB GROUP LIMITED
("LiteBulb" or "the Company")
Completion of Acquisition
LiteBulb (AIM: LBB), the provider of innovative product solutions from identification through to retail distribution, is pleased to announce the completion of the acquisition of Meld Group Limited ("Meld").
Further to the announcement on 5 November 2013, LiteBulb is pleased to confirm that it has completed the acquisition of the entire share capital of Meld for the initial aggregate consideration of £2,000,000 (payable as to £1,000,000 on Completion and £1,000,000 on 13 December 2013) and 347,642,857 Ordinary Shares.
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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Walbrook PR Limited | Tel: 020 7933 8780 | ||
Bob Huxford | [email protected] or 07747 635 908 | ||
Paul McManus | [email protected] 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, 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.
Meld has developed a diverse portfolio of brands and products for the books, gifts and games markets which it supplies to major retailers in the UK including Marks & Spencer and Sainsbury's.
Related Shares:
LBB.L