News blog
LiteBulb Group Ltd
- BY: Andrew Hore |
- POSTED: 23/02/2016 |
LiteBulb Group says that the holders of the first tranche of convertible loan notes have agreed to delay repayment from 20 February to 23 March.
This covers £800,000 of convertibles plus interest plus redemption premium. All the tranches of convertibles add up to £6.6m. The branded personal products developer is trying to raise £2m from a share issue.
LiteBulb estimates that it generated revenues of around £31m in 2015 but it is still loss-making.
The share price slumped 0.5p to 1.38p.
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