2nd Feb 2007 15:08
Tasty PLC02 February 2007 TASTY PLC ("TASTY" OR THE "COMPANY") RELATED PARTY TRANSACTIONS Tasty plc announces today that the group has entered into three lease agreementswith KLP, a limited partnership wholly-owned by Sam Kaye and Adam Kaye, both ofwhom are directors of the Company. These leases are for new Dim T restaurantsand were entered into on 21 February 2006, 28 September 2006 and 29 January2007. Premiums have been paid on each of the leases, being £90,000, £96,000 and£98,000 respectively. This disclosure is being made under the AIM aggregation rules. Whilstindividually these lease agreements are not deemed substantial transactions norfall within related party disclosure requirements, in aggregate the premiums aredeemed a substantial transaction. The directors of the Company consider the terms of the lease agreements to be onnormal commercial terms. Furthermore, the directors of the Company, other thanthe directors mentioned above, having consulted the Company's nominated adviser,consider the terms of the lease agreements to be fair and reasonable insofar asthe Company's shareholders are concerned. 2 February 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tasty