Energy Mad Limited Half Year Result

Energy saving light bulb company Energy Mad Limited has released its unaudited results for the six months ended 30 September 2018. The results reflect the decision to conduct an orderly wind down of the business and sale of Energy Mad's residual assets. The Directors continue to progress two proposed transactions: - Due diligence has been completed on the proposed acquisition transaction with PaySauce Limited, and the Directors expect to put the proposed transaction to shareholders before the end of the year. - The proposed settlement date for the sale of assets of Energy Mad to Ecobulb Limited, has been extended to 31 December 2018 by agreement with Ecobulb Limited. This will enable one shareholder meeting to consider this proposal and the PaySauce proposal in tandem. Please refer to the accompanying Market Release and Condensed Interim Report for additional commentary and financial information. For more information, contact: Dr Brent Wheeler 021 834 279 End CA:00326243 For:MAD Type:INTERIM Time:2018-11-02 10:18:00