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.
Rubicon Diversified Investments Plc Tel: 07776 133 421
WH Ireland Tel: 0207 220 1666
James Joyce/ Nick Field
Posted on 9th May 2012