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Flying Brands Ltd (IQAI)

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Thursday 08 February, 2018

Flying Brands Ltd

Potential Acquisition

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 £500,000, 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
 
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