Last checked at 31 Mar 2015 16:00
The Heavitree Brewery PLC (the "Company")
Trood Lane
Matford
Exeter
Devon
EX2 8YP
Date: 31 March 2015
Contact: N.J. McLean -Company Secretary 01392 217733
G.J. Crocker - Managing Director 01392 217733
P. Keane - Nominated Advisor 020 7408 4090
Rental agreement
The Company announces that it has entered into an agreement with Mrs. C.M. Wheatley, the wife of Mr. T. Wheatley, an executive director of the Company (the "Related Party") for the rental to the Related Party of one of the Company's tenanted Houses, The Passage House Inn, Topsham, Exeter, Devon (the "Property"). The Property trades as a licensed public house and restaurant. The Property has been let to the Related Party on normal commercial terms under the Company's usual 'tie' agreement (the "Transaction").
The Transaction is a related party transaction pursuant to AIM Rule 13. The independent directors of the Company (being the directors excluding Mr. T. Wheatley) consider, having consulted with its nominated adviser, Shore Capital and Corporate Limited, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.
Ends.
ISIN: GB0004182720 for 'A' Limited Voting Ordinary Shares
ISIN: GB0004182506 for Ordinary Shares