Matrix launches property EIS

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scheme aims to raise £5m to fund the development of hampshire cricket club's rose bowl home

Matrix has brought to market a property backed Enterprise Investment Scheme (EIS) designed to raise funds to develop the new home of Hampshire County Cricket Club. The firm, Rose Bowl plc, aims to raise £5m by the closing date of 31 March 2002 and will aim to return 9% a year to investors partly funded by the cricket club's operating revenue. The minimum individual investment is £2,000 for non-members of the cricket club and £250 for members. The minimum total subscription for the offer to proceed is £2.4m. The offer costs are £378,000, representing 7.6% of full subscription. Out of thi...

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