PLS Documentation
Omajowa Properties Ltd is listed as a CPC, or Capital Pool Company, on the DevX board of the Namibian Stock Exchange (NSX) following approval by the NSX recently. The company is structured as a Property Loan Stock (PLS) investment vehicle, with share linked dentures to be offered to investors as security and basis of projected returns.
The Company is supported by a new Asset Management company, Oshivanda Asset Management Pty Ltd, with exclusive responsibility towards the Company only. The agreed-on principle of remuneration to the Asset Manager is by way of an approved cost-plus budget linked with incentives for portfolio performance in excess of benchmarked investor returns. This follows the recent trend to effectively manage the asset management “inhouse” while keeping an arms-length relationship.