RE: Question for the General Meeting26 Jun 2020 15:14
Help with clarification please. The TPI Circular reads "the Acquisition is expected to be transformational for Powerhouse, in that it secures UK exclusivity for DMG® Technology together with direct control of its UK sales" This appears later to be contradicted by:-
UK Exclusivity Option Agreement (the ‘Peel Agreements’), with the Acquisition being a condition to full implementation of the Peel Agreements pursuant to which Peel has, on exercise of its option (exercisable fromCompletion), agreed to pay the sum of £500,000 to PowerHouse for the exclusive right to use the DMG Technology in the United Kingdom (Exclusivity Sum) and, as a consequence, will further lead the development and the further funding strategy for all developments contemplated within the Peel Agreements.
So Peel have UK exclusivity NOT Phe. Am I right or have I misread the report?