Should the sale of these assets not be enough to pay our investors back in
full then the Capital Protection Scheme, which acts like an insurance policy comes into play and
covers investors for any shortfall there may be up to the amount of the capital invested.
We have a multi-layered security scheme in place for our investors' protection. We aim to protect your capital in the following ways:
An independent Security Trustee, International Administration Group,
controls and monitors the security, acting solely in the interests of the bondholders.
Investors have a legal charge over the assets of Blackmore Plc. In the
event of business insolvency then the sale of these assets, contribute towards paying back our
investors' capital. Please note that where there is bank borrowing, the bondholders will rank
second in order of priority over the charge.
Has been appointed as an independent Security Trustee, monitoring and
holding the security and operating purely in the interests of Bondholders.
Founded in 2000, IAG has administered over 400 funds and currently has over £12 billion of assets under administration. International Administration Group (Guernsey) Limited (registration number 36305) is licensed by the Guernsey Financial Services Commission under The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, and The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000.
The Capital Protection Scheme is arranged by ASUIA, a Lloyd’s of London
broker regulated by the UK Financial Conduct Authority (Reference number 587072) and the
Insurance Companies Control Service (F.O.S. 23 – 8204).
The policy itself is underwritten by Northernlights Surety (NLS). NLS is a specialist in bid bonds, performance bonds, advance payment bonds, maintenance bonds, advance payment bonds, commercial performance bonds, real estate and endorsement bonds.
NLS has been an approved insurer for a number of prestigious clients including Air Berlin, US Corp of Engineers, South African Shipyards and the US government agency USAID.