COMPANY HAS SINCE THE LAST ACCOUNTS DATE REPAID OR BECOME
LIABLE TO REPAY ANY LOAN OR INDEBTEDNESS IN ADVANCE OF ITS STATED MATURITY.
5.3
NO GROUP COMPANY HAS LENT ANY MONEY WHICH HAS NOT BEEN REPAID TO
IT, OR OWNS THE BENEFIT OF ANY DEBT (WHETHER OR NOT DUE FOR PAYMENT), OTHER THAN
DEBTS WHICH HAVE ARISEN IN THE ORDINARY COURSE OF ITS BUSINESS; AND NO GROUP
COMPANY HAS NOT MADE ANY LOAN OR QUASI-LOAN CONTRARY TO THE COMPANIES ACTS.
5.4
THE GROUP COMPANIES HAVE NO LIABILITIES IN THE NATURE OF
BORROWINGS OR BANK OVERDRAFT FACILITIES OR IN RESPECT OF DEBENTURES OR
NEGOTIABLE INSTRUMENTS OTHER THAN CHEQUES DRAWN IN THE ORDINARY COURSE OF
BUSINESS AND NONE OF THE GROUP COMPANIES ARE A PARTY TO ANY LOAN AGREEMENT,
FACILITY LETTER OR OTHER AGREEMENT FOR THE PROVISION OF CREDIT OR FINANCING
FACILITIES TO THE GROUP COMPANIES OR ANY AGREEMENT FOR THE SALE, FACTORING OR
DISCOUNTING OF DEBTS.
5.5
DETAILS OF THE BANK ACCOUNTS OF EACH GROUP COMPANY HAVE BEEN
DISCLOSED IN THE DISCLOSURE LETTER AND THE CREDIT AND DEBIT BALANCES ON EACH
GROUP COMPANY'S BANK ACCOUNTS AS AT THE CLOSE OF BUSINESS ON THE LAST WORKING
DAY IMMEDIATELY PRIOR TO COMPLETION ARE CORRECT.
5.6
DETAILS OF ALL GRANTS, SUBSIDIES OR FINANCIAL ASSISTANCE APPLIED
FOR OR RECEIVED BY ANY GROUP COMPANY FROM ANY GOVERNMENTAL DEPARTMENT OR AGENCY
OR ANY LOCAL OR OTHER AUTHORITY ARE SET OUT IN THE DISCLOSURE LETTER.
5.7
NO GROUP COMPANY HAS DONE OR OMITTED TO DO ANY ACT OR THING WHICH
COULD RESULT IN ALL OR ANY PART OF ANY INVESTMENT GRANT, EMPLOYMENT SUBSIDY OR
OTHER SIMILAR PAYMENT MADE, OR DUE TO BE MADE, TO IT BECOMING REPAYABLE OR BEING
FORFEITED OR WITHHELD IN WHOLE OR IN PART.
5.8
NO GROUP COMPANY IS RESPONSIBLE FOR THE INDEBTEDNESS OF ANY OTHER
PERSON AND IN PARTICULAR, BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE
FOREGOING, NO GROUP COMPANY IS A PARTY TO ANY OPTION OR PRE-EMPTION RIGHT OR A
PARTY TO ANY GUARANTEE OR SURETYSHIP OR ANY OTHER OBLIGATION (WHATEVER CALLED)
TO PAY, PURCHASE OR PROVIDE FUNDS (WHETHER BY THE ADVANCE OF MONEY, THE PURCHASE
OF OR SUBSCRIPTION FOR SHARES OR OTHER SECURITIES OR THE PURCHASE OF ASSETS OR
SERVICES OR OTHERWISE) FOR THE PAYMENT OF, OR AS AN INDEMNITY AGAINST THE
CONSEQUENCES OF DEFAULT IN THE PAYMENT OF, ANY INDEBTEDNESS OF ANY OTHER PERSON.
6
TRADING
6.1
SINCE THE LAST ACCOUNTS DATE:
6.1.1
THE BUSINESS OF EACH GROUP COMPANY HAS BEEN CONTINUED IN THE
ORDINARY AND NORMAL COURSE;
6.1.2
NO PART OF THE BUSINESS OF ANY GROUP COMPANY HAS SUFFERED A
MATERIAL ADVERSE AFFECT AS A RESULT OF ANY FACTOR NOT AFFECTING SIMILARLY SIZED
BUSINESSES IN THE SAME SECTOR TO A LIKE EXTENT;
6.1.3
EACH GROUP COMPANY HAS PAID ITS CREDITORS IN ACCORDANCE WITH THEIR
RESPECTIVE CREDIT TERMS; AND THERE ARE NO AMOUNTS OWING BY ANY GROUP COMPANY
WHICH HAVE BEEN DUE FOR MORE THAN SIX WEEKS;
6.1.4
NO DIVIDEND OR OTHER DISTRIBUTION OF CAPITAL OR INCOME HAS BEEN