Extension of Lease
28 November 2003 - 6:15PM
UK Regulatory
RNS Number:6533S
NBA Quantum PLC
28 November 2003
NBA Quantum PLC ("NBA")
28 November 2003
Extension of lease
NBA Quantum's US subsidiary, DMS International (Construction Consulting) Inc.
("DMS"), occupies premises leased from Sinclair Real Estate, LLC in which D N
Sinclair, a director of NBA, has an interest.
The terms of the lease were set out in the announcement at the time of the
acquisition in March 2001 and are included in Note 26 of the Consolidated
Financial Statements for the year ended 30 June 2003.
The Board of NBA Quantum has now agreed an extension of the lease on the
existing terms and conditions for a further three years through to October 2007.
The present rent and service charge is $8,233.00 per month.
The directors of NBA, with the exception of D N Sinclair who is involved in the
transaction as a related party, having consulted with Brewin Dolphin Securities,
consider that the terms of the transaction are fair and reasonable insofar as
its shareholders are concerned.
For further information
Peter Brasier, NBA Quantum PLC 020 7318 9780
Mark Brady, Brewin Dolphin Securities 0113 2410130
This information is provided by RNS
The company news service from the London Stock Exchange
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