Ted Baker PLC Smaller Related Party Transaction (0212H)
March 10 2015 - 6:08AM
UK Regulatory
TIDMTED
RNS Number : 0212H
Ted Baker PLC
10 March 2015
10 March 2015
TED BAKER PLC
Smaller related party transaction
Ted Baker Plc (the "Company") announces that it has entered into
an agreement to provide a trade mark licence and certain design
services to THAT Bournemouth Company Limited ("THAT BCL") (the
"Agreement").
THAT BCL is a privately owned property group that specialises in
mixed-use town centre regeneration projects.
Ray Kelvin, CBE is the Founder and CEO of the Company and
Lindsay Page is the Chief Operating Officer & Group Finance
Director of the Company and they are both directors of and
shareholders in THAT BCL. As such, THAT BCL is a related party of
the Company for the purposes of Chapter 11 of the Listing
Rules.
Under the Agreement, Ted Baker will provide THAT BCL with design
services for the development of apartments in Bournemouth and a
licence for marketing those apartments as "Styled by Ted Baker" for
a fee of GBP250,000.
This arrangement falls within Listing Rule 11.1.10R and a
sponsor's written confirmation has been obtained stating that the
arrangements are fair and reasonable as far as the Company's
shareholders are concerned.
Enquiries:
Ted Baker Plc
Charles Anderson, Company Secretary Tel: 020 7255
4800
Alex Brennan, Hudson Sandler (Financial Tel: 020 7796
PR) 4133
This information is provided by RNS
The company news service from the London Stock Exchange
END
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