Zest Group PLC
19 June 2007
19 June 2007
Zest Group PLC
Settlement in relation to Warranties
Zest, ('Zest' or 'the Group', AIM: ZEST), the independent music publisher,
record label and production company today announces that the Group has reached a
settlement with the vendors of Greensleeves Records Limited and Greensleeves
Publishing Limited ('Greensleeves') in relation to the breach of certain
specified warranties given by the vendors at the time of the acquisition of
Greensleeves.
The settlement comprises a payment of £433,244, plus a sum, currently being
determined by an audit ,regarding certain record royalties. The Directors
expect this amount to be no more than £30,000.
Enquiries:
Steve Weltman, Chief Executive +44 (0) 207 451 9800
John Bick +44 (0) 7917 649 362
Tim Cofman/Nicola Rayner +44 (0) 121 616 2101
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