Flying Brands Limited Potential Acquisition (3468E)

TIDMFBDU

RNS Number : 3468E

Flying Brands Limited

08 February 2018

FLYING BRANDS LIMITED

("Flying Brands" or the "Company")

Potential Acquisition

Flying Brands Limited (AIM: FBDU) the medical services and software company, confirms that it has commenced due diligence and is in advanced negotiations in respect of an acquisition of a North American medical imaging software developer and analytics company, which owns FDA approved medical imaging software using artificial intelligence techniques complementary and synergistic to those of Flying Brands.

It is expected that the consideration payable would be approximately GBP500,000, the majority of which would be satisfied in Flying Brands' shares.

There can be no certainty that the possible acquisition will proceed as no binding agreement has been reached. Furthermore, the Company does not have any certainty as to the final terms on which the possible acquisition would proceed.

The Company will provide an update to shareholders in due course.

**ENDS**

For further information please contact:

 
 Flying Brands Limited 
  Qu Li/Trevor Brown/Vinod Kaushal 
  Tel: [phone] 
 Peterhouse Corporate Finance (Financial Adviser and Broker) 
  Lucy Williams/Heena Karani 
  Tel: [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 08, 2018 08:44 ET (13:44 GMT)