Business
Re Contract
Re Contract.
About this update from Ferro-alloy Resources Ltd.
[{"type":"text","content":"\n Farsight PLC\n04 January 2006\n\nFarsight Grows Revenues\n\n\n\nFarsight plc announces that it has acquired existing contracts for the provision\nof 24 hour CCTV monitoring. The contracts have between 12 and 36 months before\nthey fall due for renewal and the revenue they bring to Farsight is £276,000 per\nannum.\n\n\n\nFarsight has paid £55,000 for the contracts, satisfied by the issue to the\nvendor of 5.5 million ordinary shares in Farsight at 1p per share. Additional\nconsideration may become payable at the beginning of 2008 if the revenue earned\nby Farsight from the parties to the contracts increases. Such additional\nconsideration is not expected to exceed £50,000 and not less than 75% of such\nconsideration would be satisfied again through the issue of ordinary shares in\nFarsight.\n\n\n\nApplication will be made for the 5.5 million consideration shares to be admitted\nto AIM and it is expected that admission will take place on 11 January 2006.\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]