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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The Manager is paid an annual fee equal to 1.0% of the NA of the Company. Performance Incentive: The Board has negotiated with relevant parties and agreed that a compound annual 6% increase shall be applied retrospectively to the 125p performance threshold from 1 March 2008. The escalation is therefore applied after ten years of full trading following the year of the first major allotment under the original prospectus. Prior to 1 March 2015 the compound increase shall be applied annually; post this date it will be applied quarterly. In recognition of dividends paid, actual returns to shareholders will be subtracted from the compounding threshold in the year these are paid. The effect of this change is to increase the net target for the performance threshold for the financial year ending 28 February 2015 from 72.3p to 116p, (i.e. a total return of 168.7p if dividends paid to date are taken into account) incrementing quarterly thereafter as described above.