Cross Oak Inns plc - The Tax Shelter Report

Possible Exit Routes for Investors
To qualify for certain reliefs under the EIS the Shares will have to be held for a minimum period of three
years from the date upon which the Shares are issued. The Board therefore considers the following to
be possible alternatives, which they expect to put to shareholders at the end of the Three Year Period:
• A trade sale either of the Company’s shares or of its assets. In the case of an offer being made for
the shares, shareholders would be able to realise their investment. If the Company sold all of its
assets leaving it with cash the Company could then be liquidated, enabling funds to be returned to
shareholders.
• A flotation on a public stock market such as the Alternative Investment Market of the London Stock
Exchange, the Official List of the UK Listing Authority or perhaps on Ofex, providing an opportunity
for shareholders to realise investments through a public market in the Shares.
• A share “buy-back” if there were sufficient distributable reserves in the Company to achieve this.
Matched Bargain Trading Facility
It is intended that shareholders in Cross Oak Inns will have access to the matched bargain share
trading facility operated by J P Jenkins Limited, who specialise in unlisted and unquoted securities.
JPJL operates the facility on a “matched bargain” basis by taking orders and expressions of interest
from participating stockbrokers who must (like J P Jenkins) be members of the London Stock
Exchange. Any individual wishing to buy or sell shares must complete the trade through his or her
stockbroker, as J P Jenkins cannot deal directly with the public. Shareholders are reminded that they
may forfeit all or part of their tax reliefs under the Enterprise Investment Scheme if their shares are
sold before the end of the Three Year Period. The JPJL trading facility can be accessed via:
www.jpjl.co.uk
Investors’ attention is drawn to the Risk Factors contained in Part IV below.
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