Persons entitled
- Banque Nationale De Paris(The Security Trustee) Acting as Trustee for and on Behalf of the Beneficiaries
Amount secured
All of the obligations and liabilities from time to time of (a) adrex ("the borrower") to each of the beneficiaries (as defined in the charge) under each of the loan instruments (as defined) and (b) of the chargor to banque nationale de paris ("the security trustee") acting as trustee for and on behalf of the beneficiaries in relation to the expenses (as defined) provided that the total amount recoverable under the charge in respect of any sum of principal only due to the beneficiaries under the loan instruments or any of them shall not exceed french francs 700,000,000 or its equivalent
Short particulars
99 ordinary shares of £1 each in neopost limiteddeposited with the security trustee and all such other securities or other documents of title in respect thereof deposited with the security trustee or its nominees ("the stock") all assets deriving from the stock including all allotments, offers, rights, benefits and advantages in respect of the stock and all stocks shares and money etc. in respect thereof and a floating charge over the (see doc. M38 for full details). Undertaking and all property and assets.