Relevant Information on Sinking Fund
The Company shall set up a Bond Redemption Fund to cover the redemption of the Bonds on Redemption Date. Dolmen Properties plc shall allocate 66% of Available Free Cash Flows in each financial year, starting from 2004, to the Bond Redemption Fund, up to the financial year immediately preceding the Redemption Date, until an amount equivalent to the principal value of the outstanding Bonds is accumulated.
The proceeds of the Bond Redemption Fund shall be held in bank accounts with or without a fixed term with a Bank/s licensed under the Banking Act, 1994.