TC

25/11/2015 11:42

TPV Technology (0903) extends Philips trademark license term

    TPV Technology (00903) said it entered into an agreement with Philips to amend the terms of the trademark license agreement and the amendments will be effective from 1 January 2016.
  The key amendments include amending the royalty rate and the guaranteed minimum annual royalty payable under the agreement, certain changes in relation to consumer care and extending the term of the agreement until 31 December 2020.

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