9th Apr 2013 07:00
LITEBULB GROUP LIMITED
("LiteBulb" or "the Company")
Issue of Equity
LiteBulb (AIM: LBB), the provider of innovative product solutions from identification through to retail distribution, is pleased to announce that it has today issued 1,117,808 ordinary shares as consideration for interest payable on the convertible loan notes currently in issue.
Application has been made for the 1,117,808 ordinary shares to be admitted to trading on AIM and it is expected that admission will become effective on 10 April 2013. Following admission, the total number of issued ordinary shares in the Company will be 1,320,626,742. 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.
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 | [email protected] or 07747 635 908 | ||
Paul McManus | [email protected] 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 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
BLINK Mints UK distribution for confectionary product range
Scarlet Willow Stylish tableware and personalised gifts
Bluwstuff Range of innovative gifts and toys
Rizon Product innovation and brand specialist agency
LiteBulb also owns product development specialist Premium Factory, which develops and manufactures promotional items for multi-nationals clients including Nestle and Unilever. 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 a large number of 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 13% 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.
Related Shares:
LBB.L