Профиль Equity Special Situations LtdShs
The Group's principal activity is that of an Investment Trust. The objective of the Company is to provide long term capital growth by exploiting special situations. A company incorporated in Guernsey can be regarded as UK tax resident, and thereby liable to United Kingdom corporation tax on its worldwide income, if it is centrally managed and controlled in the United Kingdom. It is the intention of the Directors to conduct the affairs of the Company such that it is not resident in the United Kingdom for United Kingdom corporation tax purposes and therefore it is not envisaged that the Company's profits will be liable to United Kingdom corporation tax. The Board is currently seeking members of the Investment Advisory Panel. It is expected that the Chairman will be appointed shortly and that, when appointed, he will be paid an annual fee of Ã‚Â£12,000. The Chairman will be offered the opportunity to use his annual fee for purchase new Ordinary Shares at market price.