Change to earn outs

12 Dec 2006 08:48

Fujin Technology PLC12 December 2006 12 December 2006 Fujin Technology plc Change to earn outs The Board of Fujin Technology plc ("Fujin", AIM: FJN) today announced thecompletion of a deed of variation in relation to the sale and purchase agreementit entered with, amongst others, Calyx Group plc ("Calyx") under which itsearn-out arrangements were varied and the restrictions relating to the ordinaryshares of €0.10 each in the capital of Calyx (which it received by way of partconsideration for the sale) will be waived by Calyx if and when requested byFujin. Fujin expects to receive the first earn-out cash payment of £3 million, uponfinalisation of Calyx Group's financial statements, in February 2007. Thesecond cash earn-out payment of between £1.25 million and £1.6 million isexpected to be paid to Fujin on 29 June 2007. Enquiries: College Hill 020 7457 2020Adrian Duffield / Corinna Dorward This information is provided by RNS The company news service from the London Stock Exchange