Media
Share Price
99.00 GBp
0.00 | 0.00%
RNS
30 Apr 2008
09 Apr 2008
Issue of exchangeable shares
05 March 2008
Issue of exchangeable shares
Enquiries:
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Travelzest plc |
01442 874322 |
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Christopher Mottershead |
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Investec |
0207 597 5970 |
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Martin Smith/Erik Anderson |
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Redleaf Communications |
020 7822 0200 |
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Samantha Robbins/Anna Dunkin |
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Definitions:
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“Acquisition” |
the acquisition of iTravel2000.com by Travelzest announced on 12 September 2006
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“Additional Consideration” |
the contingent consideration to be paid by the Company to the Vendors following the audit of itravel2000.com for the year ending 31 October 2007
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“CanCo” |
6615716 Canada Inc., a company incorporated under the federal laws of the Province of British Columbia, Canada on 22 August 2006
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“Company” or “Travelzest” |
Travelzest plc
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“ExchangeCo” |
0763756 B.C. Ltd, a company incorporated under the laws of the Province of British Columbia, Canada in respect of which CanCo will own Exchangeable Shares
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"Exchangeable Shares" |
class A non-voting exchangeable shares issued by ExchangeCo to CanCo, which shares may, pursuant to the Exchangeable Share Provisions and the terms of the Exchange Agreement be exchanged for Ordinary Shares
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“iTravel2000.com” |
1360944 Ontario Inc. (operating as
itravel2000.com), a company incorporated under the laws of the
Province of Ontario with Ontario registration number
01360944
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“Ordinary Shares” |
Ordinary shares of 2 pence each in the Company
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“Vendors” |
the shareholders of itravel2000.com prior to the Acquisition being Shane G. Carroll, Jonathan G. Carroll, Jeffrey D. Mackenzie, J. Brian Hewlitt and CanCo |
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