We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Uvenco Uk | LSE:UVEN | London | Ordinary Share | GB00B29HFH73 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUVEN
RNS Number : 0711N
Uvenco UK plc
03 August 2017
3 August 2017
Uvenco UK PLC ("the Company")
Historical related party transaction
Further to the Company's notification of 28 October 2016 in relation to certain historical supply contracts with Unicum Limited ("Unicum"), the Company notifies that, on 19 January 2016 and 10 October 2016, it concluded supply contracts with Unicum for the provision of vending machines and constituent parts to the Company. A summary of the supply contracts with Unicum prior to 28 October 2016 is set out below (together, the "Orders"):
Date of order invoice Value of order 5 May 2015 GBP78,408 11 June 2015 GBP77,625 1 September 2015 GBP76,368 19 January 2016 GBP67,118 10 October 2016 GBP89,238
Unicum is a related party of the Company. Unicum is controlled by Boris Belotserkovsky, a non-executive director of the Company and a member of the Belotserkovsky concert party. In addition, Sergei Kornienko, Chief Executive of the Company, is a non-executive director of Unicum.
At the time of the Orders, Unicum was a related party of the Company, as described above and the Orders were therefore transactions with a related party. The Orders were entered into on an arm's length basis and on standard commercial terms, in line with the relationship agreement between the Company and Boris Belotserkovsky entered into on 10 October 2014. Save as disclosed on 28 October 2016, 'fair and reasonable' statements under AIM Rule 13 were not made at the relevant time.
The independent directors of the Company (being the directors, with the exception of Boris Belotserkovsky and Sergei Kornienko), consider that the terms of each Order were fair and reasonable insofar as the Company's shareholders are concerned.
Enquiries:
Uvenco UK plc Tel No. 020 8879 8300
Sergei Kornienko
Peter Goodman
Stockdale Securities Tel No. 020 7601 6100
Tom Griffiths
Richard Johnson
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEALPDEAKXEFF
(END) Dow Jones Newswires
August 03, 2017 10:27 ET (14:27 GMT)
1 Year Uvenco Uk Chart |
1 Month Uvenco Uk Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions