Collective Assets Trust Plc - CAS- Profile

Collective Assets Trust PLC. The Group's principal activity is that of an Investment Trust Company. The objective of the Group is to earn a higher return than that available from the United Kingdom equity market as a whole in a way that offers shareholders diversification of investment management while providing them . The Group is an Investment Company within the meaning of Section 266 of the Companies Act 1985. The Group has been approved by the Inland Revenue as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 31-Oct-2003.Investment management services are provided by Ian Rushbrook for a salary of 0.5% per annum of the Group's shareholders' funds less that part of the Group's shareholders' funds represented by the Group's investment in Personal Assets Trust PLC. In the event of early termination of Ian Rushbrook's contract of employment, the Group will pay due entitlement of money in lieu of notice. Operates as an Investment Trust Company