Flying Brands Limited Potential Acquisition (3468E)
February 08 2018 - 8:44AM
UK Regulatory
TIDMFBDU
RNS Number : 3468E
Flying Brands Limited
08 February 2018
FLYING BRANDS LIMITED
("Flying Brands" or the "Company")
Potential Acquisition
Flying Brands Limited (AIM: FBDU) the medical services and
software company, confirms that it has commenced due diligence and
is in advanced negotiations in respect of an acquisition of a North
American medical imaging software developer and analytics company,
which owns FDA approved medical imaging software using artificial
intelligence techniques complementary and synergistic to those of
Flying Brands.
It is expected that the consideration payable would be
approximately GBP500,000, the majority of which would be satisfied
in Flying Brands' shares.
There can be no certainty that the possible acquisition will
proceed as no binding agreement has been reached. Furthermore, the
Company does not have any certainty as to the final terms on which
the possible acquisition would proceed.
The Company will provide an update to shareholders in due
course.
**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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February 08, 2018 08:44 ET (13:44 GMT)
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