Cancellation of Option Agreem

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 £25,000 consideration detailed in the announcement of 30 June 2009.

For further information please contact:

Premier Management Holdings plc Barry Gold	07768 948 928
Brewin Dolphin Investment Banking Mark Brady	0845 213 4730

 

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