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Enron Mail |
Sara, great to hear from you. The entity requiring the brokerage account is
Enron Energy Services, Limited, which is a UK entity. This company is buying 100% of the shares of a UK engineering firm (called Torpy) in order to use in its facilities management business here. The purchase price for Torpy is $4 million, $1 million of which is payable in Enron Corp. stock. For tax reasons this Enron stock needs to be purchased in the market rather than using treasury shares. Thanks for the tip on account signatories. Please let me know what else I need to do Thanks again. Sara Shackleton 11/10/99 16:32 To: Mary Nell Browning/LON/ECT@ECT cc: Marie Heard/HOU/ECT@ECT, Lori Pinder/HOU/EES@EES Subject: Brokerage Account for EES affiliate Hello there! Hope all is well. Will you be at the legal conference later this month? Would you please provide us with information identifying the specific entity requiring the brokerage account and a brief description of the transaction for which the account is required. Also, for purposes of your unanimous consent or resolution, you should note that either of Ted Murphy or Rick Buy should be one of the two signatories required for opening the account. Let me know if you have any questions. Sara
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