Business
Re Agreement
Re Agreement.
About this update from Distil Plc
[{"type":"text","content":"\n RNS Number : 1651A Blavod Extreme Spirits PLC 30 July 2008 \n \nBLAVOD EXTREME SPIRITS PLC\n\n30 JULY 2008\n\nLICENCE AGREEMENT\n\nBlavod Extreme Spirits PLC ('the Company') announces that the agreement to licence the trademark rights to Jago's Vodka Cream liqueur referred to in the Company's announcement of 28 May 2008 has been signed.\n \nThe terms of the licence are that 35% of the net brand contribution after all promotional expenditure is payable to Shetland Spirit Company Ltd (in Administration) ('the Licensor') for a period of 4 years. At the end of this period, the Company has the right to acquire the trademark from the Licensor for consideration of £1.\n \nJago's Vodka Cream liqueur, a premium product created by Tom Jago, part of the team which created Baileys, is produced in Scotland from pure Scottish cream and fills a gap in the Company's portfolio of premium spirits providing both potential incremental business both in the UK and in overseas markets.\n\nCONTACT:\n\nBLAVOD EXTREME SPIRITS PLC\n\nRichard Ambler 020 7352 2096\n\nBREWIN DOLPHIN INVESTMENT BANKING\n\nNeil Baldwin 0845 213 4726\n\nENDS\nThis information is provided by RNSThe company news service from the London Stock Exchange END AGRRLMPTMMTTBMP \n ","length":2937,"tagName":"div"}]