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It will also raise £142m through a loan note issue.
The company is also offering a loan note as an alternative to Dolphin shareholders.
You simply ask your lender to remove the former spouse's name, leaving the loan note in your name only.
The 1988 accounts for Lawnstone also show the company issuing a loan note of £100,000 to Amber Rudd.
A new agreement was reached on March 23rd 2007 in the form of a settlement deed and a loan note signed by Mr Musa and representatives of Belize Bank in the presence of Mr Fonseca.
The four men behind Phoenix did rather nicely, giving themselves a £10m loan note and a £16.5m pension fund, and their "greed" has therefore become the focus for public anger at the company's demise.
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It was also discussing the issued of £800,000 of loan notes to its larger shareholders.
These allow them to pay interest in the form of further loan notes, rather than hard cash.
Instead, he said, the loan notes were a group asset, not a liability, since Hollinger is the recipient.
Desmond, a 23.7% shareholder in Mountain Province, subscribed for the loan notes as part of a $330m private debt placement.
Instead it provided TWR with various loan notes and promises to pay the money at points in the future.
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