RE: AGM for Innomed on March 8th11 Mar 2022 22:28
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2.6 Securitisation of IP Financing
The Company intends to finance its medical device subsidiary companies in the majority by Luxembourg Securitisation debt financing.
Securitisation under the Securitisation Law is a transaction by which a securitisation undertaking acquires or assumes, directly or through another undertaking, risks relating to claims, other assets, or obligations assumed by third parties or inherent to all or part of the activities of third parties and issues securities, whose value or yield depends on such risks. Securitisation is the pooling of intangible assets, namely patents and financing the acquisition of these pooled assets with the issuance of debt securities.
Compartments
Under the Securitisation Law and the articles of association (status) of CIC Fund Securitisation S.A., the board of directors (conseil administration) of CIC Fund Securitisation S.A. may create one or more compartments, each corresponding to a distinct part of the CIC Fund Securitisation S.A.'s assets and liabilities, such that the assets of a compartment are exclusively available to satisfy the rights of the investors and creditors of that compartment and that recourse of a compartment's investors and creditors is, by law, limited to that compartment's assets. One of the segregated compartments of CIC Fund Securitisation S.A. is Compartment PureFlowCath.
Stuart J. Bromley is the one hundred per cent (100%) beneficial owner of CIC Fund Securitisation S.A. and a thirty-two per cent (32%) owner of CIC Capital Ltd.