Business
Settlement Re: Warranties
Settlement Re: Warranties.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n Zest Group PLC\n19 June 2007\n\n\n\n19 June 2007\n\n\n\nZest Group PLC\n\n\n\n\nSettlement in relation to Warranties\n\n\nZest, ('Zest' or 'the Group', AIM: ZEST), the independent music publisher,\nrecord label and production company today announces that the Group has reached a\nsettlement with the vendors of Greensleeves Records Limited and Greensleeves\nPublishing Limited ('Greensleeves') in relation to the breach of certain\nspecified warranties given by the vendors at the time of the acquisition of\nGreensleeves.\n\n\n\nThe settlement comprises a payment of £433,244, plus a sum, currently being\ndetermined by an audit ,regarding certain record royalties. The Directors\nexpect this amount to be no more than £30,000.\n\n\n\n\n\nEnquiries:\n\nSteve Weltman, Chief Executive +44 (0) 207 451 9800\n\nJohn Bick +44 (0) 7917 649 362\n\nTim Cofman/Nicola Rayner +44 (0) 121 616 2101\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]