hastie ppx parallels, page-15

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    Aubug >Austted As I remember, PPX may not buy its own shares or PXUPA while it has not paid distributions. Take a look at the PXUPA Prospectus to confirm.

    My reading of the PXUPA prospectus (I am no expert and I may have got it wrong) is that PPX cannot pay a div or buy its own shares back while suspending PXUPA Divs. I believe the prospectus does not prevent them buying PXUPA shares on market in soimilar circumstances. Graham may be able to confirm or not if I am correct.
 
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