Intrinsic says Lloyds buyout will improve sale prospects

The other shareholders, which include Sanlam and Friends Life, have agreed to waive all preference share dividend payouts, which have been added to the profit and loss (P&L) statement as losses since 2006.   The dividend was due to be paid out next year. Group finance director Dave Capel sent a note to Intrinsic appointed representatives on Friday that read: "The capital reorganisation that we have agreed with our shareholders would have resulted in 2011's pre-tax loss of £2.5m becoming a pre-tax profit of £1.8m. "Fundamentally, the reorganisation will increase profits in the P&L b...