23 Oct 08

Coolabi plc (COO:L), the AIM-listed media company focused on the ownership and creative management of high quality children’s and family intellectual property rights, announces that it has conditionally agreed to acquire the entire issued share capital of Licensing by Design Limited ("LBD"), for a cash consideration of £400,000 (the "Acquisition"). In order to finance the Acquisition and to provide capacity for further small acquisitions and working capital for the Company, Coolabi proposes to raise approximately £750,000 (before expenses) by way of a placing of 9,375,000 new ordinary shares of one penny each ("Ordinary Shares") at a price of 8 pence per share.

For more information see the full press release here

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