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A contribution agreement between the Company and SDVP has also been made whereby the Company will undertake to contribute such funds as will be sure that SDVP will have in mixture enough property on 30 April 2025 to fulfill the ultimate capital entitlement of the Zero Dividend Preference shares. In addition, it has an entirely owned subsidiary, SDVP, through which Zero Dividend Preference shares have been issued. SDVP was included on 25 October 2017 and has a capital construction comprising unlisted Ordinary shares and Zero Dividend Preference shares listed on the Official List and traded on the London Stock Exchange. SDVP was incorporated specifically for the problem of Zero Dividend Preference shares.
None of the Directors has or has had any curiosity in any transaction which is or was uncommon in its nature or conditions or significant to the enterprise of the Company, and which was …read more >