LCP Proudreed PLC - Irish Stock Exchange

Proudreed Real Estate Limited
Introduction
Proudreed Real Estate was incorporated in England and Wales on 8 June 2005 (registered number
5474753) as a private company with limited liability under the Companies Act 1985. The registered office
of Proudreed Real Estate is at 16 Carlton Crescent, Southampton, Hampshire SO15 2ES, telephone
+44 (0) 2380 332400. The authorised share capital of Proudreed Real Estate is £100, divided into
100 ordinary shares of £1 each, all of which are fully paid up and are held by Proudreed Limited.
Principal Activities
The principal objects of Proudreed Real Estate are set out in Article 3 of its Memorandum of Association,
which provides that the objects of the company include, inter alia:
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
purchasing, leasing or otherwise dealing with property and purchasing, exchanging or otherwise
dealing in, inter alia, debentures and securities and making advances upon the security of land or
house or other property or any interest therein;
carrying on all or any business relating to, inter alia, land estate and property development;
carrying on any other trade or business of any description which may seem capable of being
advantageously carried on in connection with or ancillary to the other objects;
purchasing, selling, exchanging, improving, renting, letting on lease, hiring, surrendering, licensing,
accepting surrenders of and otherwise acquiring, dealing with and holding any estate or interest in
any lands, buildings, easements, rights, privileges, or other property, chattels and effects or any
interest or right in relation thereto;
erecting, pulling down, repairing, developing, constructing, laying down, enlarging and maintaining
or otherwise dealing with, inter alia, any buildings, plant and machinery, and works necessary or
convenient for the business and contributing to the performance of any of the above;
purchasing or otherwise acquiring the business or assets or any person, firm or company, carrying on
any business which Proudreed Real Estate is authorised to carry on or possessed of property suitable
to the purpose of Proudreed Real Estate and undertaking any obligations relating to the business
or property so purchased or acquired;
selling, improving, letting, licencing, developing, managing or otherwise dealing with or disposing of
the property and assets for the time being;
borrowing, raising or securing the payment of money for the purposes of or in connection with its
trade or business, charged upon all or any of its undertaking or property;
mortgaging and charging the undertaking and all or any of the real and personal property and assets,
present and future, of Proudreed Real Estate; and
doing all such other things as are incidental or conducive to the attainment of the above objects or
any of them.
Proudreed Real Estate has not engaged, since its incorporation, in any activities other than those
incidental to its incorporation and registration as a private limited company under the Companies Act
1985, the change of its name, the authorisation of the documents and matters referred to or contemplated
in this Offering Circular to which it is or will be a party (including but not limited to the Commercial
Mortgage Loan Agreement and the granting of security for repayment of the Commercial Mortgage Loan
Agreement) and matters which are incidental or ancillary to the foregoing (including the investment of
its initial capital in gilts and/or bank accounts). Other than as described in the foregoing sentence,
Proudreed Real Estate has not, since its incorporation, engaged in any activities.
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