Information  X 
Enter a valid email address

FreshTL plc (GHIP)


Wednesday 22 December, 2010

FreshTL plc

Amendment to Investment & Transfer Agreement

                                            FreshTL plc

                                          ("the Company")

                          Amendment to Investment and Transfer Agreement

The board of the Company announces that yesterday the Investment and Transfer Agreement dated 26th
March  2010  between  Fresh  T Limited, NW VCF HF LLP ("NWVCF") (a limited  liability  partnership
managed  by  YFM  Private  Equity Limited), the Company and Stephen Blank,  Angus  Matheson,  John
McGuire and Timothy Branton, which sets out, inter alia, the terms under which NWVCF will transfer
its  holding of A ordinary shares of 1p each in the capital of Fresh T Limited ("A Shares") to the
Company in consideration for the issue and allotment of 96,655,300 ordinary shares of 0.1p each in
the capital of the Company (the "Transfer"), was amended as follows:

    *   the date on which the Transfer will automatically take place, unless it has completed
        previously,  has been changed from 31 December 2010 to 31 December 2011;

    *   accordingly, the latest date on which notice may be served by NWVCF on the Company to
        complete the Transfer, which is then to take place within 30 days of such date, has been 
        changed from 30 November 2010 to 30 November 2011.


Stephen Blank, Finance Director

T: 0161 408 0962    E: [email protected]

Oliver Rigby, Daniel Stewart & Company

T: 020 7776 6550

FreshTL plc								


a d v e r t i s e m e n t