Business
Sale of Admiral Trademarks
Sale of Admiral Trademarks.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n RNS Number : 5458X International Brand Licensing PLC 17 August 2009 \n \n\n\nInternational Brand Licensing PLC\n\nSale of Admiral trademarks in Australia and New Zealand\n\n\nInternational Brand Licensing PLC ('IBL') today announces that it has sold the rights to the Admiral sports brand in Australia and New Zealand to Soccer Shirts International (Pty) Limited ('SSI') for a cash consideration of AU$235,000 (£117,000).\n\nTony Hutchinson, IBL's Chief Executive, commented: 'We are delighted to have concluded this agreement with SSI, a Company with a longstanding association with Admiral in the region. This represents an excellent transaction for the Group, and is further evidence of the value of the Admiral brand around the world. As part of our ongoing strategy we will continue to seek further opportunities to strengthen the Company's balance sheet.'\n\n-Ends-\n\n\nFor further information, please contact:\n\nAdam Reynolds\nHansard Group 020-7245-1100\n\n\nRoss Andrews\nZeus Capital 0161-831-1512 \nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBGGDICXBGGCR \n ","length":3254,"tagName":"div"}]