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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eurovestech | LSE:EVT | London | Ordinary Share | GB0002292810 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.75 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMEVT
14 March 2012
Eurovestech plc
("Eurovestech" or "the Company")
Co-operation Agreement Signed
Eurovestech and Cenkos Securities plc ("Cenkos") are pleased to announce the
signing of a co-operation agreement in which both companies aim to benefit from
each other's expertise, knowledge and wide range of networks in the investment
community to help companies raise money.
Specifically, the agreement focuses on accessing capital in the Middle East and
in particular NASDAQ Dubai. The co-operation agreement provides that Cenkos
will work with Eurovestech on any suitable opportunities that clients may have
to raise funds on NASDAQ Dubai. In addition, introductions of new clients and
transactions by Eurovestech with Cenkos will be subject to commission sharing
arrangements.
Under the terms of the agreement, Eurovestech has agreed to pay GBP900,000 in
cash to Cenkos. Cenkos will pay Eurovestech a proportion of any commission
earned on transactions as a result of introductions of new clients by
Eurovestech. There is no cap on the amount that Eurovestech can earn under the
co-operation agreement. In addition, Cenkos has agreed to provide discounted
commission rates on funds raised for Eurovestech and its investee and
associated companies.
Richard Bernstein, Chief Executive of Eurovestech comments: "We are delighted
to have secured this agreement. It is exactly 12 years since Eurovestech listed
on AIM and now is the ideal time to be able to broaden funding routes for our
investee companies as well as being able to generate potential revenues from
working more closely with Cenkos."
Enquiries:
Eurovestech plc
Richard Bernstein Tel: 020 7478 9070
Chief Executive www.eurovestech.com
Merchant Securities Limited (NOMAD)
David Worlidge/Simon Clements Tel: 020 7628 2200
2
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