Investing Policy
30 Noviembre 2009 - 7:20AM
UK Regulatory
TIDMTIL
Tembusu Investments Limited
('Tembusu' or the 'Company')
Investing Policy
30 November 2009
Further to the changes to the AIM Rules for Companies affecting investing
companies which came into effect on 1 June 2009 (the "AIM Rules"), the Company's
re-stated investing policy, in line with new the definition of Investing Policy
under the new AIM Rules, is set out below:
Investing Policy
The Company's Investing Policy is to focus on identifying and acquiring quoted
and unquoted financial services businesses based in Asia, though other
geographical areas will be considered should appropriate opportunities occur
which could benefit the Company. By actively investing in businesses with
complementary areas of expertise, which may for example include real estate,
mortgage financing and other such activities, the Directors believe that it is
possible to generate considerable opportunities for the cross selling of
services between the different operations and countries. The Directors also
intend to continue to make minority investments in such financial services
businesses where it would be a passive investor, but where those investments
provide the opportunity for enhancing the growth prospects of the Company.
In regards to the acquisitions that the Company expects to make, the
Directors may adopt earn-out structures, with specific performance targets being
set for the sellers of the businesses acquired, and with suitable metrics
applied.
The Company may invest by way of outright acquisition or by the acquisition of
assets, including the intellectual property, of a relevant
business, partnerships or joint venture arrangements. Such investments may
result in the Company acquiring the whole or part of a company (which in the
case of an investment in a company may be private or listed on a stock exchange,
and which may be pre-revenue), and such investments may constitute a minority
stake in the company or project in question. The Company's investments may take
the form of equity, joint venture debt, convertible instruments, licence rights,
or other financial instruments as the Directors deem appropriate.
The Company will be both an active and a passive investor and the Directors will
place no minimum or maximum limit on the length of time that any
investment may be held.
There is no limit on the number of projects into which the Company may
invest, nor the proportion of the Company's gross assets that any investment may
represent at any time and the Company will consider possible opportunities
anywhere in the world.
There are no borrowing limits in the Articles of Association of the Company. The
Directors do not intend to acquire any cross-holdings in other corporate
entities that have an interest in the Ordinary Shares.
There are no restrictions in the type of investment that the Company might make
nor on the type of opportunity that may be considered other than set out in this
Investing Policy.
As the Company's ordinary shares are traded on AIM this provides a facility
for shareholders to realise their investment in the Company. In addition, the
Directors may consider from time to time other means of facilitating returns
to shareholders including dividends, share repurchases, demergers, schemes of
arrangement or liquidation.
For further information, contact:
Tembusu Investments Limited
Jonathan Rowland, Chairman Tel: + 44 (0)20 7087 7970
Blomfield Corporate Finance Ltd Tel: + 44 (0)20 7444 0800
Alan MacKenzie
Ben Jeynes
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