Subject: 2015 YEAR OF ACCOUNT NOTICE
OF STAFF PRE-EMPTION
Syndicate(s) Affected: D L DALE & OTHERS, SYNDICATE 2525
As members of the Syndicate will be aware, Tim Butcher will be joining the Syndicate with effect from 1st December 2014. Asta is therefore proposing a staff pre-emption.
The capacity which Asta is proposing to allocate to Mr Butcher has been set at £225,000. It is non-tradable and does not confer any voting rights on Mr Butcher. The £225,000 is approximately 0.5% of the £42M aggregate capacity of the Syndicate.
Members’ consent for this staff pre-emption is being obtained in accordance with the Syndicate Pre-emption Byelaw (No. 19 of 1997).
Date issued: 29 September 2014
Agency contact name: Lorraine Harfitt
Agency contact no: + 44 (0)20 7743 0936
For auction office use only: D2014010
DISCLAIMER: Lloyd's is not responsible for the content of any auction disclosures, and acts merely as publisher of information provided by managing agents. If you have any questions regarding the content, you should contact the relevant managing agent.