Discontinuing of wound care products and services

RNS Number : 4734M

Ilika plc

18 September 2012

 



Ilika plc

("Ilika")

Discontinuing of wound care products and services

Ilika (AIM: IKA), the advanced cleantech materials discovery company, announces that the Company has taken the decision to implement a rationalisation of its biomedical division.

The biomedical division currently operates a high throughput platform for the discovery of novel, biologically active materials as well as the provision of wound care products and services. The rationalisation will involve discontinuing the provision of its wound care products and services with effect from the end of the calendar year. The biomedical division will continue to focus on its core competencies associated with its high throughput operations.

Turnover generated by the wound care business in the financial statements covering the year to 30 April 2012 was £160,072 (total group turnover £2,011,244), with £188,611 generated from its biomedical high throughput activities.

Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Tel: [phone]
Steve Boydell, Finance Director
Numis Securities Limited	Tel: [phone]
Oliver Cardigan, Nominated Adviser
James Black, Corporate Broking
Walbrook PR Ltd	Tel: [phone]
Paul McManus	Mob: [phone] or [e-mail]
Paul Cornelius	Mob: [phone] or [e-mail]

 

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