Botanic offering 9% fees

Botanic Purchase, an Irish property development company, is offering convertible loan stock paying 9% commission to intermediaries. Graeme de Renzy, chief executive officer of Botanic Purchase, said the high level of intermediary commission offered is down to the group being unknown in the UK, although he believes the appointment of FSA-regulated Computershare as registrars for the loan stock will assuage many intermediaries' concerns. Tracey Mullins, spokeswoman for Aifa, said although the commission offered is unusually high, companies are free to offer whatever levels they see fit. R...