Disposal of International Brand Licensing AG

 27th Mar 2012

EKF Diagnostics Holdings plc (AIM: EKF), the growing in-vitro diagnostics company, announces that it has sold its Swiss subsidiary, International Brand Licensing AG (“IBL AG”) for a cash consideration of £50,000, payable over a 2 year period.

IBL AG was a legacy subsidiary which, following the completion of the sale of the rights of the Admiral sports brand by management in 2010, contained the Muscle Athletic sports brand.

Julian Baines, EKF’s CEO commented: "We are very pleased to have completed this disposal as it concludes the divestment from the sports licensing sector, allowing management to fully focus on further building our diagnostics business"