EFTA Document EFTA01793676

From: PETER MANDELSON Sent: Sunday, January 9, 2011 2:08 PM To: [email protected] Subject: Fw: Re: Topaz directorship see from bottom of email chain. Nat called me yesterday for first time in m=nths. I thought I would engage his great brain. What a mistake. --- O= Sun, 9/1/11, npvjrl wrote: > From: npvjal. > Subject: Re: Topaz directorship > To:="Peter Mandelson" > Date: Sunday, 9 Janu=ry, 2011, 13:43 > Of course jpm views company as > strong, company is =aying them. You're tragically naeive as to how the > financial system wo=ks. Part of their job is to find "suckers" like > you to sit on boards. =f you're not capable of performing a piece of > perfunctory analysis lik= looking at income s, balance sheet, cashflow > you shouldn't be sit=ing on the board. > Lazards is a bucket shop and by joining them y=u immediately shut the > door on a serious institution for ever. > You=can't switch horses. > Sorry for brutal response. > Sent from m= 8lackBerrys Smartphone supplied by Swisscom > Original Mess=ge > From: petermandelso > Date: Sun, 9 Jan 2011 =3:37:22 > To: <npvjr > Reply-To: petermandelson > Subject: Re: Topaz directorship > JPM views company as str=ng. I feel question for me is more time and > priorities at this stage. =nd I don't know whether remuneration makes > it worth it. > Lazar= is brand development. > Sent from my BlackBerry°1 wireless device =0A> Original > Message > From: npvjrl - > Date: Sun, 9=Jan 2011 13:30:23 > To: Peter Mandelson 0A> Nat > Rothschild<nat.rothschil > Reply-To: npvjrl > Subject: Re: Topaz directorship EFTA_R1_00126911 EFTA01793676 > Difficult to judge without s=eing financial info - income statement, > balance sheet, cash flow on to=az. I presume you've taken a look at > this? > I think joining lazard =s a mistake for the record. > Sent from my BlackBerry. Smartphone sup=lied by Swisscom > Original Message > From: PETER MANDE=SON > Date: Sun, 9 Jan 2011 12:04:27 = To: Nat Rothschild > nat rothschiid<npvjriffill.11 > Subject: Topaz directorship > Can I ask your advice on=something. > Before Xmas I was contacted by Linklaters and asked w=ether I wd > consider becoming a member of a new board for the soon-=o-IPOed > company, Topaz. This is Oman-based, marine and other offshore =il and > gas services comapny operating in Middle East and Caspian, seek=ng to > grow in Africa and Brazil. It is owned by Renaissance Services, > =ontrolled by a wealthy family in Oman. I met the chairman, Samir > Fancy=who I liked ok. > I have not decided on this. I am slightly con=erned that a combination > of growing Global Counsel and focussing on ou= clients' needs plus my > soon to be public Lazard role as senior ad=iser plus Glencore > directorship all give me enough to be getting on wi=h. On the other > hand, Topaz will strengthen my networks. > Lin=laters have come back and offered following view: > What would this=appointment do for PM and his consulting business? > Samir's v=ew was this would be. Topaz is the first "real" (ie genuine > Middle =astern) company coming to the London market, a geography that > is teemi=g with potential waiting to break out and this would be > creating a pie=e of history for the Middle East in the London market > and you bein= associated with that should mean you can take some > credit for this la=dmark deal. It will raise your profile in the > Middle East and the e=erging markets and could raise other interesting > opportunities. The=e are various other interesting individuals and > shareholders that =re listed on the website under the board of > directors and shareholders= > Potentially of more interest to you and your consulting bus=ness might > be the network of Samena Capital and I attach a link to the=r website. > http://www.samenacapital.com/overview.aspx > =amir is heavily involved in Samena Capital. He is on the board of > d=rectors and is vice chairman of the Company and chairman of its 2 EFTA_R1_00126912 EFTA01793677 > execut=ve committee. You will see it is a premier investment group > focusing o= investments in the sub-continent - Asia, Middle East and > North Africa=known as the Samena Region. This has a network of key > players i= corporate India and Asia which Samir thought would be of > interest to =ou and your consulting business and he is happy to talk > to you on this= > If you click on the link to the board of directors you will =see some >very interesting people there associated with some great comp=nies in >this region such as Atul Punj who is chairman of the Punj Lloy= Group, >India's second largest construction engineering company and Ha=i >Bhartia, chairman of Jubilant Organosys, one of the largest >pharmace=tical companies coming out of India. It also has a very >interes=ing list of shareholders that are also listed on the website. = What would the time commitment be? > Post the induction period at=the end of the month and the IPO board > meetings, Samir thinks this wou=d be realistically > 12 days per annum. > What is the remunerati=n? > E60k per annum. Samir would like to deliver E300k =f shares at 50% of > the IPO value. This should be a very financeable de=l and the Company > would look to a friendly bank to provide the finance=should you wish. > We are still doing some work to work out how these co=ld be given in a > tax efficient manner. I will revert with more of the=0A> mechanics > when I have had further discussions with JP Morgan. The =roposal may > involve some of the shares only actually being issued to y=u a little > further down the line so as to defer the tax that might be =ayable. > Sorry this is all bit long. But what do you think ? >= > P <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propertylist-1.0.dtd"> <plist version=.0"> <dict> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1294582074</integer> <key>flags</key> <integer>8590195713</integer> <key>gmail-label-ids</key> <array> <integer>22</integer> <integer>2</integer> </array> 3 EFTA_R1_00126913 EFTA01793678 <key>remote-id</key> <string>127200</string> </dirt> </plist> 4 EFTA_R1_00126914 EFTA01793679