Trendit Limited Re Agreement (9233N)
February 03 2016 - 3:42AM
UK Regulatory
TIDMTRIT
RNS Number : 9233N
Trendit Limited
03 February 2016
A shareholders rights agreement was entered into between Eran
Romano, Shalom Dana and the Capital Partners (being Joshua Rurka,
Udi Ginati and Nisan Zelayt) on 29 December 2015, becoming
effective upon the issuance of shares to Romano and Shalom Dana
(together the "Investor").
It was agreed that for as long as the Investor holds at least
10% of the issued share capital that the Capital Partners would
vote for the appointment of one director appointed by the Investor
to the Board of Directors.
The parties agreed on a right of first offer mechanism whereby
they offer each other the right to purchase shares in the event
that either party wishes to sell shares and only thereafter are
they permitted to sell shares on the market. The offer period is
five days for non-stock market transactions and two days for
on-market transactions.
Tag-along rights are also agreed between the parties.
It was agreed that the parties would co-operate and try as far
as is reasonable to reach a unified position with respect to voting
intentions on principal issues at each shareholders meeting.
It was agreed that, should it be commercially reasonable for the
company to do so, that it should attempt to distribute 50% of its
profits available for distribution as dividend payments each
year.
The term of the agreement is 7 years from Closing.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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