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Byotrol
- BY: Andrew Hore |
- POSTED: 13/08/2012 |
Shares in Byotrol rose 17% to 6.88p a share on the back of a global licensing deal with Kimberly-Clark.
This is the deal with the large consumer products company that was first announced in December 2009. There are few details of the seven year global deal with 50%-owned Byotrol Consumer Products. Some EU markets are excluded from the deal. Regulatory approvals are likely to be required.
It is thought that there will be an upfront payment and royalties, which are likely to be in single digits.
The benefits of the deal have not yet been factored into forecasts. Byotrol is still expected to lose money in the year to March 2013.
Byotrol is valued at £9.87m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2012_34.pdf
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