Business
Cancellation of Option Agreem
Cancellation of Option Agreem.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n RNS Number : 2961I Premier Management Holdings PLC 09 March 2010 \n \n\n \nPremier Management Holdings PLC (\"Premier\" or the \"Company\")\n \nCancellation of Option Agreement\n \nFurther to the announcement released by the Company on 6 January 2010 in relation to the call option agreement entered into with Robert Easom, Julian Cordani and Hamilton International plc (the \"Vendors\") to acquire Trading Sports Limited (the \"First Option\"), and the call option agreement entered into with Mr Robbert Jol to acquire a 25% shareholding in Finalfutures.com Limited (the \"Second Option\"), the Company announces that all parties have resolved not to proceed with the proposed transaction and that, accordingly, the Company does not intend to exercise its rights in respect of either the First Option or the Second Option (together, the \"Options\"). \n \nThe Company has now reached agreement on terms waiving all provisions of the Options, including the payment by the Company of £25,000 consideration detailed in the announcement of 30 June 2009.\nFor further information please contact:\n\n\n\n\nPremier Management Holdings plc\nBarry Gold\n\n\n 07768 948 928\n\n\n\n\n\n\n\n\n\n\n\n\nBrewin Dolphin Investment Banking\nMark Brady\n\n\n 0845 213 4730\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCJLMBTMBTMBBM \n ","length":3118,"tagName":"div"}]