NSC 1.19% 42.5¢ naos small cap opportunities company limited

Why not deal directly?, page-13

  1. 335 Posts.
    @murramarang -- the main points of the IMA are described in pages 119 to 121 of the replacement prospectus for the float of CGA lodged with the ASX 31/8/2016. You can access by going to the ASX website. Alternatively, commsec etc carry these announcements. Just hit the right tabs.
    Yes, there is a non-performance provision. First review date is June 2019. 3 years after start date. Using previous 3 years performance. Must beat median manager in a specified survey. Otherwise, can terminate.
    Yes, there are specified ways for shareholders to take control and terminate the agreement. By ordinary resolution at an AGM, after CGA is given enough time to prepare and present their case.
    Initial term is 5 years. Then its extended 4ever unless terminated under termination provisions.
 
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