Business
Related Party Transactions
Related Party Transactions.
About this update from Bow Street Group Plc.
[{"type":"text","content":"\n Tasty PLC\n02 February 2007\n\n\n TASTY PLC ('TASTY' OR THE 'COMPANY')\n RELATED PARTY TRANSACTIONS\n\n\nTasty plc announces today that the group has entered into three lease agreements\nwith KLP, a limited partnership wholly-owned by Sam Kaye and Adam Kaye, both of\nwhom are directors of the Company. These leases are for new Dim T restaurants\nand were entered into on 21 February 2006, 28 September 2006 and 29 January\n2007. Premiums have been paid on each of the leases, being £90,000, £96,000 and\n£98,000 respectively.\n\nThis disclosure is being made under the AIM aggregation rules. Whilst\nindividually these lease agreements are not deemed substantial transactions nor\nfall within related party disclosure requirements, in aggregate the premiums are\ndeemed a substantial transaction.\n\nThe directors of the Company consider the terms of the lease agreements to be on\nnormal commercial terms. Furthermore, the directors of the Company, other than\nthe directors mentioned above, having consulted the Company's nominated adviser,\nconsider the terms of the lease agreements to be fair and reasonable insofar as\nthe Company's shareholders are concerned.\n\n\n2 February 2007\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1548,"tagName":"div"}]