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Brand Licence Agreement

8th May 2012 17:08

RNS Number : 9218C
Rubicon Diversified Investments PLC
08 May 2012
 



RUBICON DIVERSIFIED INVESTMENTS PLC

('Rubicon' or the 'Company')

Brand Licence Agreement

Rubicon announces that further to the Letter of intent announced on 5 December 2011 it has entered into a brand licence agreement with easyGroup Holdings Limited regarding the use of the Fastjet brand. The terms are substantially the same as those described in the Company's RNS announcement of 5 December 2011. The agreement is conditional on the completion of a reverse takeover transaction as defined under the AIM Rules. On completion Rubicon will have exclusive rights for the use of the Fastjet brand. easyGroup will receive a royalty of 0.5% of revenues, shares equating to 5% of the existing issued share capital of the Company and an option to acquire a further 10% at a price equal to a thirty per cent. premium to the price of the last fund-raising by the Company at the point of issuance. In addition easyGroup will have the right to nominate and appoint two members to the Board of the Company.

Enquiries:

 

Rubicon Diversified Investments Plc Tel: 07776 133 421

Robert Burnham

 

WH Ireland Tel: 0207 220 1666 James Joyce/ Nick Field

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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