Brand Licence Agreement - 9 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

 

Posted on 9th May 2012