Business
Disposal of Admiral Sportswea
Disposal of Admiral Sportswea.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n RNS Number : 5696Y EKF Diagnostics Holdings PLC 24 December 2010 \n \n\nEKF Diagnostics Holdings Plc\n(\"EKF\" or the \"Company\")\n \nDisposal of Admiral Sportswear Brand\n \nEKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care diagnostics business, announces that it has entered into agreement to dispose of its remaining rights in the Admiral sportswear brand for a cash consideration of approximately £830,000. Approximately £83,000 will be paid on exchange with the balance payable on or prior to 28 January 2011.\n \nThis has resulted in the total consideration for the disposal of the remaining territories in 2010 exceeding £1.8m.\n \nSince embarking upon our disposal strategy in 2005, the Group has raised circa £10m through the disposal of Mountain Equipment, Admiral and various sponsorship terminations. \n \nJulian Baines, EKF, CEO commented: \"Since my arrival at EKF Plc and the re-focussing of the Group into a vitro diagnostic's business, we have sought the disposal of non-core assets and I am delighted that we have now concluded the sale of the remaining Admiral sportswear territories, the net proceeds will be used to further enhance the growth of our underlying business.\" \n \n Enquiries: \n \n\n\n\n\nEKF Diagnostics Holdings plc\n\n\n\n\n\n\n\nJulian Baines, CEO\n\n\nMob: 07788 420 859\n\n\n\n\nPaul Foulger, FD\n\n\nTel: 020 7823 1733\n\n\n\n\n\n\n\n\n\n\n\n\nZeus Capital\n\n\n\n\n\n\n\nNominated Adviser and Joint Broker\n\n\nTel: 0161 831 1512\n\n\n\n\nRoss Andrews\n\n\n\n\n\n\n\nTom Rowley\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMatrix Corporate Capital LLP\n\n\nTel: 020 3206 7000\n\n\n\n\nJoint Broker\n\n\n\n\n\n\n\nRobert Naylor\n\n\n\n\n\n\n\nStephen Waterman\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR\n\n\n\n\n\n\n\nFiona Henson\n\n\[email protected] \nTel: 020 7933 8795\n\n\n\n\nHelen Westaway\n\n\[email protected] \nTel: 020 7933 8790\n\n\n\n\n \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISDBBDDDUDBGGX \n ","length":6947,"tagName":"div"}]