Cancellation of Option Agreement
09 Mars 2010 - 12:22PM
UK Regulatory
TIDMPMA
RNS Number : 2961I
Premier Management Holdings PLC
09 March 2010
Premier Management Holdings PLC ("Premier" or the "Company")
Cancellation of Option Agreement
Further 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").
The Company has now reached agreement on terms waiving all provisions of the
Options, including the payment by the Company of GBP25,000 consideration
detailed in the announcement of 30 June 2009.
For further information please contact:
+----------------------------------------+----------------------------------------+
| Premier Management Holdings plc | 07768 948 928 |
| Barry Gold | |
+----------------------------------------+----------------------------------------+
| | |
+----------------------------------------+----------------------------------------+
| Brewin Dolphin Investment Banking | 0845 213 4730 |
| Mark Brady | |
+----------------------------------------+----------------------------------------+
| | |
+----------------------------------------+----------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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