RE: Prospects Update26 Jul 2019 15:24
Gareth3672,
Landstead, once again is in a win/win situation if you read the RNS..
Commission and set up costs ....
The Company will pay Lanstead's legal costs incurred in the Subscription and in entering into the Sharing Agreement and, in addition, has agreed to issue to Lanstead 1,328,290 Value Payment Shares.
The risk for landstead ?? please let me know if you can find one :-)
if on a monthly settlement date the calculated Measured Price exceeds the Benchmark Price by 10 per cent., the settlement on that monthly settlement date will be 110 per cent. of the amount due from Lanstead on that date. If on the monthly settlement date the calculated Measured Price is below the Benchmark Price by 10 per cent., the settlement on the monthly settlement date will be 90 per cent. of the amount due on that date. Each settlement as so calculated will be in final settlement of Lanstead's obligation on that settlement date.