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To realise its existing portfolio of properties and to return capital to shareholders.
From 15 December 2011, when Internos took on the management of the Company's assets from Invista, the Company agreed to pay Internos pursuant to the Internos IAA a management fee of 1.25% per annum on the net asset value attributable to the Company's ordinary shareholders, subject to a minimum of EUR 1m p.a. In addition, the Company will pay Internos a realisation fee equal to 12.5% of the amount by which cash returned to ordinary shareholders exceeds EUR 82.8m (being the average market capitalisation in the 30 days preceding this announcement converted at the GBP/EURO exchange rate at the close of business on 29 June 2011), compounded thereafter at 10% per annum.