LUI, the insurance to property conglomerate, collapsed early in 1990. Investments are expected to publish a scheme of arrangement before the end PROVISIONAL liquidators of the insurance subsidiaries of London United UK Company News: Scheme for LUI subsidiaries Whitecroft GB United Kingdom, EC P6719 Holding Companies, NEC PEOP People P6719 The Financial Times London 199 Last year - became chief executive, and Mr M'Cardell was succeeded by Mr Mr Mike Derbyshire - brought in by Mr Goold as managing director He was succeeded in a non-executive capacity by Mr David Kendall, chairman Institutional investors, who had watched the share price tumble. Mr Goold's resignation was seen as an attempt to appease the group's The company, the last two as executive chairman. Retirement age, while Mr Goold resigned later that month after 24 years with Mr M'Cardell retired from the board in early March after reaching normal The total payment was not broken down between the two men. M'Cardell, finance director, and were disclosed in the company's annual The payments were made to Mr Peter Goold, former chairman, and Mr Graham In compensation for loss of office to two former directors. WHITECROFT, the Cheshire-based mini-conglomerate which reported a PoundsĤ1.8m pre-tax loss in the year to March 31, paid a total of Pounds 165,000 UK Company News: Whitecroft ex-directors share Pounds Palmerston Investment Trust, in particular a property bought for Pounds 3.5mĮtonbrook Properties Panther Securities Multitrust GB United Kingdom, EC P6552 Subdividers and Developers, Ex Cemeteries P6798 Real Estate Investment Trusts COMP Mergers & acquisitions FIN Annual report P6552 P6798 The Financial Times London 242 The new board has decided not to compensate the company's former directorsĪnd has made a provision towards costs that could arise from legal claims.ĭirectors intend to investigate the original acquisition of properties from Losses per share were 34.3p compared with profits of 1.3p last time. It showed net currentĪssets of about Pounds 4.4m (Pounds 5.99m). March 31 compared with profits of Pounds 181,214. They are offering 79p per share, a premium of 1.3 per cent over the 78pĬlosing price on July 29, valuing the company at about Pounds 3.03m.Įtonbrook yesterday reported pre-tax losses of Pounds 1.23m in the year to Shares - some 32.9 per cent of the shares or 25.8 per cent of voting rights. The two investment companies, Panther and Multitrust, already own 1.26m Staged a boardroom coup and took the chair himself, yesterday announced thatĬompanies in which he has interests had agreed a cash offer for Etonbrook. MR ALEX Perloff, the erstwhile rebel shareholder of Etonbrook Properties who Processed by FT 930803 By CATHERINE MILTON UK Company News: Pounds 3m offer for loss-making Etonbrook Spring Ram Corp GB United Kingdom, EC P3261 Vitreous Plumbing Fixtures COMP Company News P3261 The Financial Times London 140 Was concentrating on the company's interim results announcement on September Mr Roger Regan, who last week took over as chairman of Spring Ram, said he Preliminary nature, and it was unlikely that any decision would be made for Large US building products group, but said the approaches were of a The Yorkshire-based company named one of the parties, Masco Corporation, a Had taken place with several parties 'which may or may not lead to an offer' Shares in Spring Ram rose 15p to 69p yesterday after it confirmed that talks UK Company News: Bid talks give fillip to Spring Ram shares