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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Intl.Brand | LSE:IBL | London | Ordinary Share | GB0031509804 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMIBL
RNS Number : 0343F
International Brand Licensing PLC
05 January 2010
INTERNATIONAL BRAND LICENSING PLC SELLS STAKE IN ADMIRAL ASIA
("IBL" or "the Company")
International Brand Licensing Plc (AIM: IBL) announces that it has sold its 49%
stake in the joint venture company, Admiral Asia Limited ("AAL"), to its
existing partner, Rich Crest Group, for a cash consideration of GBP375,000.
Included in the transaction are the Admiral trademarks for the Russian
Federation.
Julian Baines, IBL's CEO, comments: "We are delighted to have completed this
disposal following the recent announcement of the Company's new strategy to
withdraw from the sporting goods industry and move into the in vitro diagnostics
devices ("IVD") market place."
IBL will continue to sell off the remainder of the its worldwide sports IP
assets, which will generate additional cash to invest in the Company's IVD
growth.
Enquiries:
+--------------------------------------+--------------------------------------+
| International Brand Licensing plc | Tel: 020 7823 1733 |
| David Evans, Non Executive Chairman | |
| Julian Baines CEO | |
| | |
+--------------------------------------+--------------------------------------+
| Zeus Capital | Tel: 0161 245 1100 |
| Ross Andrews | |
| Tom Rowley | |
| | |
+--------------------------------------+--------------------------------------+
| Hansard Communications | Tel: 020 7245 1100 |
| John Bick | |
| Justine James | |
| | |
+--------------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISUGURPGUPUGGA
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