FBDU Flying Brand

TIDMFBDU

RNS Number : 2073O

Flying Brands Limited

17 August 2017

FLYING BRANDS LIMITED

("Flying Brands" or the "Company")

Director Dealings

Flying Brands announces that Trevor Brown, Director of the Company, has gifted, for nil consideration, GBP16,874 of convertible loan notes 2020 ("Convertible Loan Notes"), together with accrued interest, to Dr Balaji Ganeshan, Chief Technical Officer of Stone Checker Limited, the Company's subsidiary. The Convertible Loan Notes accrue interest of 6.75% per annum and are convertible at a price of GBP0.011, at any time up to 11 March 2018.

Following this disposal, Trevor and Free Books Associations Ltd (a company connected to Trevor) hold the remaining GBP196,926 Convertible Loan Notes. In addition, Free Association Books Ltd holds GBP100,000 of convertible loan notes issued pursuant to a loan note instrument dated 18 November 2015.

**ENDS**

For further information please contact:

 
 Flying Brands Limited 
  Qu Li/Trevor Brown/Vinod Kaushal 
  Tel: 020 7469 0930 
 Peterhouse Corporate Finance (Financial Adviser and Broker) 
  Lucy Williams/Heena Karani 
  Tel: 020 7220 9797 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 17, 2017 02:01 ET (06:01 GMT)

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