It is the duty and right of an investor to know the contents of the Prospectus before deciding to invest. This prospectus provides information on the issue, relevant information related to the securities offered and the risks to both the issue and the issuer. The information specified in the prospectus is binding for Enterprise, which means that it is legally responsible for the information stated in the Prospectus.
Before making the investment please read the statements of material facts made ??by the issuer on the events that can materially affect the Company performance and periodic financial reports. The behavior and performance of listed companies through time does not ensure its future solvency and liquidity. The investment you make is solely at your own risk. The financial service authority makes no judgment about the truthfulness, accuracy or adequacy of the information contained in this Prospectus.The regulatory authority and those involved in brokerage process assume no responsibility on the financial situation of the issuing company.
Table of Contents
Summary of the prospectus4
Reasons for the issuance and use of resources5
Identification of the Directors Involved with the Public Offering Process6
Our past financial performance7
Share issue11
Operational risk12
Risk Reduction Policies16
Tax Treatment18
Tax on shareholders18
Taxation of the Company21
About the company22
Constitution of company23
Business Overview23
Key management25
Transactions with Related Parties27
Summary of the prospectus
ISSUER
Thornton plc
INSTRUMENT
Ordinary shares
ISSUE DATE
July 12, 2012
AMOUNT
£ 1,000,000
USE OF FUNDS
The program is offered for the collection of resources for working capital, investment in active medium and long term production and or substitution of liabilities.
PAYMENT AGENT
Thornton plc general Paying Agent
REGISTRATION AND CUSTODY
Capita Registrars
LEGAL COUNSEL
General Counsel of Thornton plc
Financial advisers and corporate brokers
Investec Investment Banking
Structuring
General building machine entity.
Independent auditors
PricewaterhouseCoopers LLP
Principal bankers
HSBC plc
Barclays Bank plc
Lloyds TSB Bank plc
Financial PR advisers
Cardew Group Limited
Risk and insurance advisers
Marsh Limited
Reasons for the issuance and use of resources
The objective of the Programme of issuance of shares for the placement program is the collection of resources for working capital, investment in active medium and long term production and / or substitution of liabilities. These liabilities relates to bank debt and replacing them with the resources received shall be in accordance with strategic convenience and suitability criteria set by the company which will be in the best interest of the company
It is to be noted that when the funds raised will be earmarked for the acquisition of assets than those usually acquired under the trade turnover of the business of authority.
In case these assets will be acquired from related companies, as defined in Article 5.2 of the Securities Market Act, The issuer reserves the right to apply to use funds raised alternative of the following circumstances.
Identification of the Directors Involved with the Public Offering Process
During the share issue process, the following key individuals will be involved in the public offering process.
John von Spreckelsen
John von Spreckelsen became an important part of Thornton's plc in June 2006. He was previously Chairman of Somerfield plc and Chief Executive Officer of Budges ...