Undersea Adventures IM

Ownership

2.5. Since the Business’s inception it as been solely owned by Michael and Carol George who are equal shareholders and who bring a wealth of knowledge from their 25 years’ experience. The owners now seek to sell the Company to accommodate retirement plans.

2.6. Our client has approved a mutually agreeable handover period to ensure the transition of the Company goes smoothly.

2.7. The table below details the shareholding of UA:

Name

Position

Shareholding

Michael I George

Managing Director

50%

Carol J George

Director

50%

8

Undersea Adventures | Information Memorandum