ADS 0.00% 0.1¢ adslot ltd.

Interesting the company chose not to repeat the commercial/fee...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 79 Posts.
    lightbulb Created with Sketch. 4
    Interesting the company chose not to repeat the commercial/fee changes in today's announcement.
    Some of the "temporary" changes disclosed in Jan'21 were not favourable to ADS (e.g. reduced development fees, cap on license fees etc).
    A cynical view might be that today's announcement deliberately avoids confirmation that the previous, more favourable fee structure was re-established in the 3 year extension.

    Here is an extract from the January update:

    "10 December 2020, the Company announced that it was in negotiations with GroupM regarding mutually beneficial amendments to the terms of the multi-market Symphony license agreement first announced in August 2016.

    The Company disclosed that these terms are likely to include:
    • A multi-year extension of the term of the agreement;
    • An annualised reduction in development and resourcing fees payable to the Company of approximately $500,000 per annum, not related to market deployments;
    • A cap on monthly market tier-related license fees as at March 2020 levels for calendar 2020; and
    • Market tiers and license fees to revert to uncapped levels on 1 January 2021, resulting in increased license fee in three active markets from 1 January 2021
 
watchlist Created with Sketch. Add ADS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.