Cross Oak Inns plc - The Tax Shelter Report

Definitions
The following terms used throughout this Document have the following meanings save where the
context requires otherwise:
“the Act”
“Application Form”
“CGT”
“Closing Date”
the Companies Act 1985, as amended
the application form for acceptance of the Offer set out at the end
of this Document
capital gains tax
the closing date of the Offer (subject to any extension agreed by
the Directors)
“the Company” or “Cross Oak Cross Oak Inns plc, registered number 5144171
Inns”
“Corporate Venturer”
“CVS”
“The Directors” or “the Board”
“EIS”, “Enterprise Investment
Scheme”
“flotation”
“FSA”
“Inn”
“Investors”
“Management Agreement”
a company investing in Cross Oak Inns plc under the Corporate
Venturing Scheme
Corporate Venturing Scheme and related reliefs as detailed in
Schedule 15 Finance Act 2000
the Directors of the Company
The Enterprise Investment Scheme and related reliefs as
detailed in Chapter III, Part VII of the Income and Corporation
Taxes Act 1988 and in Sections 150A to 150D and Schedule 5B
and 5BA of the Taxation of Chargeable Gains Act (1992) as
amended
admission of securities to trading on a recognised investment
exchange
The Financial Services Authority
a licensed public house with limited bedrooms for let to the public
persons acquiring Shares pursuant to the Offer
the Management Agreement entered into between Cross Oak
Inns plc and Cross Oak Limited on 30 September 2004
“the Manager” Cross Oak Limited, registered number 2448091
“Maximum Subscription”
“Minimum Subscription”
“New Ordinary Shares”
“Offer”
“Offer Price”
the sum of £3,000,000, unless increased at the discretion of the
Board
the Minimum Subscription of £500,000 required to be achieved
within 40 days of the issue of the Prospectus
3,000,000 ordinary shares to be issued pursuant to the Offer
the Offer for subscription made by the Company as set out in this
Document
£1 per share
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