How does this work then!?
http://business.timesonline.co.uk/to...cle7052535.ece
"John Hargreaves, founder of Matalan, is planning to pay himself a £250m dividend as part of a refinancing of the budget fashion chain.
The Monaco-based tax exile is in talks with banks and other investors about a £525m refinancing that would be used to repay Matalan’s debt, estimated at £260m. The rest would be used for the bumper dividend to himself."
http://business.timesonline.co.uk/to...cle7052535.ece
"John Hargreaves, founder of Matalan, is planning to pay himself a £250m dividend as part of a refinancing of the budget fashion chain.
The Monaco-based tax exile is in talks with banks and other investors about a £525m refinancing that would be used to repay Matalan’s debt, estimated at £260m. The rest would be used for the bumper dividend to himself."
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