OpenLegislation

Paragraph 1 Composition of Interim TransferI1I2

United Kingdom

The Trustee must not include the following assets in the Interim Transfer—

(a)

properties comprising the following addresses—

  • Ryder Court, 18-20 Bury Street and 73-76 Jermyn Street London SW1Y 6NP,

  • 35, 37, 37A, 38, 38A and 35B George Street and 19 St James’s Cottages, Paradise Road, Richmond TW9 1HY

  • The Loom Retail & Leisure Park, Spinning Jenning Way, Leigh, WN7 4PE

  • 201-209 High Street, Cheltenham GL50 3JH

  • 145 Morningside Road, Edinburgh, EH10 4AX

  • Exe Bridges Retail Park, Alphington Street, Exeter EX4 1AH

  • St Nicholas Gate Retail Park, Carlisle CA1 2EA

  • Bricklayers Arms, Mandela Way London SE1 5SP

  • 1 to 87 Crick House, Station Place Cambridge CB1 2FA

  • 1 to 19 Aston House, Brookgate Cambridge CB1 2BP

  • 1 to 48 Bragg House, Brookgate Cambridge CB1 2AA

(b)

a 33% share of the Trustee’s interest in Hamilton Lane COPTL, L.P., which is as far as reasonably practicable a pro-rata proportion of that interest immediately prior to the Interim Transfer;

(c)

the account managed by Hermes known as The Royal Mail Pension Plan re: Residual Positions, Account number 63815;

(d)

the assets forming part of the assets managed by Beach Point Capital Management, L.P. which—

(i)

are as far as reasonably practicable a pro-rata proportion of those assets immediately prior to the Interim Transfer; and

(ii)

have an aggregate value equal to 4% of the liabilities remaining with RMPP as estimated for the purposes of the Interim Transfer pursuant to article 5 such that—

Value = 4% x RMPP LCI2I1 x MVA1 (as such terms are defined in Schedule 1); and

(e)

the assets relating to money purchase benefits, as defined in Schedule 1.

Annotations

Commencement

I1

Sch. 6 para. 1 not in force at made date, see art. 1(2)

I2

Sch. 6 para. 1 in force at 1.4.2012 by S.I. 2012/966, arts. 2, 3(b)