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Travelzest Enters Deal With Relevant Directors On Sale Bonus - Quick Facts
September 2, 2010, Thursday, 15:35 GMT | 10:35 EST | 20:05 IST | 22:35 SGT
(RTTNews) - Travelzest plc (TVZ.L) Thursday said it has entered into an agreement with the Chairman and the Executive Directors of the Company whereby an aggregate of GBP 2.6 million will become payable to the Relevant Directors in the event of the sale of the entire issued share capital or all or substantially all of the business of the company.
The sale bonus is payable in full should a cash or cash equivalent value of at least 18.5 pence per share be achieved on such sale.
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