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The Board’s current powers to issue or purchase back shares and proposals for his or her renewal are detailed on pages 21 and 22. Under another agreement (‘the Administration Agreement’) dated 1 January 2016, company secretarial providers and the final administration of the Group are undertaken by Maitland Administration Services Limited (‘Maitland’).
The Administration Agreement could also be terminated by six months’ written notice. The Company’s investments are managed by Chelverton Asset Management Limited under an settlement (‘the Investment Management Agreement’) dated 30 April 2006 (effective from 1 December 2005).
The Company’s portfolio is presently invested in 76 firms unfold throughout 23 sectors. This unfold creates a properly diversified portfolio which is able to, sooner or later, lead to a strong return of dividend earnings and subsequently steady income development and, in time, capital progress. At this time the present underlying portfolio yield is very exhausting …