FMJ Formjet (See LSE:TQC)

 

TIDMFMJ 
 
RNS Number : 8385H 
Formjet PLC 
01 March 2010 
 

 
 
+--------------------+--------------------+--------------------+ 
| FOR IMMEDIATE      |                    |       1 March 2010 | 
| RELEASE            |                    |                    | 
+--------------------+--------------------+--------------------+ 
 
 
                                  Formjet plc 
 
                          ('Formjet' or 'the Company') 
 
                         Early receipt of consideration 
 
 
 
As previously announced, the  second instalment of the consideration for the 
disposal of Panda Software (UK) Limited, an amount of GBP500,000 , was due to be 
received from Panda Security, S.L ("Panda Security") on 8th July 2010, with a 
third and final instalment of GBP200,000 receivable on 31 December 2010. 
 
The Board of Formjet Plc (to be renamed Third Quad Capital plc, subject to 
approval of shareholders at the AGM on March 4th) is pleased to announce that it 
has negotiated early payment of the second instalment, at a cost of 3.5 per 
cent. of the amount involved.  The resultant instalment of GBP482,500 has been 
received today.  The Board believes that the cash management benefit to the 
Company of receiving this amount early justifies the discount involved. 
 
Enquiries: 
 
For further information, please contact 
Formjet plc 
Andrew Monk, CEO 
012 9384 8860 or 07973 224 283 
 
Shore Capital and Corporate Limited 
Andrew Raca or Edward Mansfield 
020 7408 4090 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUASRRRBAORAR 
 

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