The loan is non-curiosity bearing and is repayable three enterprise days before the Zero Dividend Preference share redemption date of 30 April 2025 or, if required by SDVP, at any time prior to that date to be able to repay the Zero Dividend Preference share entitlement. The funds are to be managed in accordance with the funding coverage of the Company.
The funding goal of the Company is to provide Ordinary shareholders with a high earnings and alternative for capital development, having offered a capital return adequate to repay the total final capital entitlement of the Zero Dividend Preference shares issued by the wholly owned subsidiary firm SDVP. In the year to 30 April 2020 there was a decline in Company’s net asset worth per share from 214.19p to 124.86p.
- Over the previous ten years, the trust has built up income reserves such that the belief has one