We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Litebulb Grp | LSE:LBB | London | Ordinary Share | GB00BXVMLV36 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLBB
RNS Number : 0972M
Litebulb Group Limited
18 January 2016
LITEBULB GROUP LIMITED
("LiteBulb" or the "Company")
Trading and Financing Update
LiteBulb (AIM: LBB), the branded product developer, provides the following update for the year ended 31 December 2015 and the Company's financial position.
Litebulb has continued to trade in-line with the revised guidance provided in the announcement of 9 December 2015. The Company expects revenues in the region of GBP31 million for the year to 31 December 2015, up significantly over the prior year (2014: GBP21.9 million) and to report a positive adjusted EBITDA.
The Board is closely monitoring the Group's funding, particularly in light of recent trading and the requirement to repay the first tranche of convertible loan notes of GBP800,000 principal plus outstanding interest and redemption premia due on 20 February 2016. The Company confirms that it has this month paid its scheduled interest payments on all of its convertible loan notes and that it is pursuing both a refinancing of the whole of its convertible loan notes and financing options to repay the amount due in February. The Board remains confident that the Company will be successful in arranging a suitable financing package which is in the interests of all stakeholders and that the trading prospects for the Company remain encouraging. Further announcements will be made when appropriate.
For further information, please contact:
LiteBulb Group Limited www.litebulbgroup.com Howard Partington, Interim Chief Tel: 020 3384 7100 Executive Guy Pettigrew, Group Finance Director finnCap (NOMAD & Broker) Tel: 020 7220 0500 Stuart Andrews/Adrian Hargrave/Scott Mathieson (Corporate Finance) Joanna Scott (Corporate Broking) Walbrook PR Limited Tel: 020 7933 8780 or litebulb@walbrookpr.com Sam Allen Mob: 07884 664 686
About LiteBulb Group
LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market.
LiteBulb Products, our wide range of products are sold in over 30 countries through blue chip retailers including: Tesco, M&S, John Lewis Partnership, Sainsbury's, Debenhams, Wilkinson's, Next, Boots, WH Smiths, Amazon, Target and Costco.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBRGDBCBBBGLU
(END) Dow Jones Newswires
January 18, 2016 02:00 ET (07:00 GMT)
1 Year Litebulb Grp Chart |
1 Month Litebulb Grp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions