Business
Completion of Admiral Greek License Sale
Completion of Admiral Greek License Sale.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n \nEmbargoed: 07.00hrs, Thursday 29th June\n\n International Brand Licensing plc \n\n Completion of Admiral Greek License Sale \n\nInternational Brand Licensing Plc (\"IBL\") announces that the sale of its\ntrademarks for Greece and Cyprus to Diethnis Athlitiki Ltd (\"Diethnis\"), first\nannounced on 10 May 2006, is now completed and the funds received.\n\nAn initial cash consideration of £700,000 was paid upon completion, and a\ndeferred sum of £75,000 will be paid on 31 March 2007.\n\nTony Hutchinson, IBL's Chief Executive, comments: \"Further to our original\nannouncement we are delighted to have concluded this agreement with Diethnis.\nThe proceeds will be used in part to fuel the further growth of our Admiral\nEngland cricket replica business which continues to exceed expectations.\n\nWe will continue to work closely with Diethnis on other market opportunities in\nthe eastern Mediterranean, and also harness its excellent retail skills for\nother established Admiral markets.\"\n\nAdmiral is the exclusive kit sponsor of the England and West Indies cricket\nteams, as well as Leeds United Football Club.\n\nFor further information please contact:\n\nTony Hutchinson\n\n0041-79-468-9450\n\nAdam Reynolds\n\n020 7823 1733\n\nInternational Brand Licensing plc\n\n\n \n ","length":1518,"tagName":"div"}]