Persons entitled
- Cazenove & Co.
Amount secured
The amount required to satisfy the company's conditional obligation to purchase from cazenove up to 2.5 per cent. Of the shares in issue as at the closing date of the tender offer from the shares that cazenove acquires pursuant to the tender offer, at a price per share equal to 88 per cent. Of the net asset value per share calculated as at the calculation date
Short particulars
All the company's right title benefit and interest in and to an interest bearing clients account designated by cazenove, in cazenove's name, with the bank of new york or the royal bank of scotland into which an amount equal to the company's liabilities will be paid. See the mortgage charge document for full details.