Litebulb Group Limited Trading and Financing Update (0972M)
18 Januar 2016 - 8:00AM
UK Regulatory
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)
Litebulb Grp (LSE:LBB)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Litebulb Grp (LSE:LBB)
Historical Stock Chart
Von Jun 2023 bis Jun 2024