Brief: Odd Molly Licenses Hunkydory Trademark With An Option To Purchase

Logistea AB

30/09/2019 14:58

Sept 30 (Reuters) - Odd Molly International AB  ODD.ST :
    * ODD MOLLY LICENSES THE HUNKYDORY TRADEMARK WITH AN OPTION
TO
PURCHASE
    * TRADEMARK IS BEING LICENSED THROUGH 2023 WITH AN OPTION TO
THEN
PURCHASE IT FROM FINNISH FINANCIAL COMPANY BRUK FINANCIAL
SERVICES OY (BRUK), WHICH CURRENTLY OWNS TRADEMARK
    * WILL AS OF OCTOBER 2, 2019 AND THROUGH DECEMBER 31, 2023
LICENSE
HUNKYDORY TRADEMARK FROM BRUK AND PAY A LICENSING FEE BASED ON
BRAND'S SALES
    * IN Q4 OF 2023 ODD MOLLY HAS RIGHT TO ACQUIRE TRADEMARK FOR
CONSIDERATION BASED ON BRAND'S SALES AT TIME
    * AGREEMENT IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON
GROUP'S
EARNINGS OR FINANCIAL POSITION IN CURRENT FINANCIAL YEAR

Source text for Eikon:  ID:nNDL7k2m30 
Further company coverage:  ODD.ST 

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