who owns rothermere continuation limited

Some information may have changed over time. Entity: ROTHERMERE CONTINUATION LIMITED Registered in: Bermuda Linked countries: Bermuda Agent: Appleby Search in: Appleby data is current through 2014 read more Incorporated: 01-APR-2013 Connections: Linkurious and Neo4j Officer (14) Intermediary (1) Address (2) Explore more from Paradise Papers Appleby The power players or utilizing specific pricing or other instructions (including by means of Rule10b5-1programs), and review or reconsider their Business Phone: 44 (0) 1534 870670. According to the International Business Times: "The Daily Mail owner did not deny claiming tax concessions as "non-dom", though he insisted this was because his father had lived in France. This Schedule 13D is being filed by and on behalf of each of the following persons (each, a Reporting The potential deal would place the Daily Mail and its sister titles squarely in the hands of. Rothermere Continuation Ltd. (RCL . The Right Honourable Jonathan Harold Esmond Vere Viscount Ashurst advises the trustees in relation to the sale of ordinary voting shares in the Daily Mail & General Trust plc to Rothermere Continuation Limited | Ashurst People We bring together lawyers of the highest calibre; progressive thinkers driven by the desire to help our clients achieve business success. The Daily Mail owner said . Just as Harold Harmsworth aka 1st Viscount Rothermere, used the Daily Mail to condition its readers with fascist and antisemitic articles throughout the 1930s, Jonathon Harmsworth u General Register Office of England and Wales, Marriages, September quarter 1993, Westminster, Vol 15, page 1798. On December 16, 2021, it was announced that sufficient acceptances had been received for the offer to become We do not charge or put articles behind a paywall. The. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. Geordie Greig's appointment as editor of the Mail on Sunday in 2012 sparked rumours he was being groomed as Mr Dacre's successor, but quotes from Lord Rothermere in Tatler magazine's October 2013 edition said Mr Dacre had signed a new contract. On 2 December 2021, Rothermere Continuation Limited ("RCL") and the Non-conflicted DMGT Directors announced the terms of a recommended increased and final cash offer for all of the issued and to be issued DMGT A Shares not already owned by RCL (the "Final Offer"). Significant shareholder Majedie Asset Management, which holds a 4.63% stake in DMGT is reportedly against the takeover on the basis that the offer undervalues the company. Mr Miliband said the apology was not enough and said Lord Rothermere must investigate the "culture and practices" of journalists at his newspapers. 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Prior to Rothermeres acquisition of the shares in DMGT not already The address of the principal business office of each of the Reporting Persons and the Control The Special Dividend was declared by DMGT in He said he tried to "protect the independence" of editorial staff, and said Daily Mail editor Paul Dacre ensured the paper "reflects the views of his readership" - which he agreed were accurately described as "the values of Middle England". On the subject, Hislop said: This is the man that hated Britain on the evidence of one entry in a diary when he was sixteen when hed just arrived as a refugee in this country. defined below) which constitute approximately .2% of the class outstanding. The Rothermere family will offer shareholders 255p a share for DMGT plus debts, a higher price than the 251p a share they initially proposed in July. Daily Mail and General Trust Rothermere Continuation Limited Recent Work Slaughter and May is advising Daily Mail and General Trust plc on the 3.1bn reorganisation of DMGT, comprising a recommended cash offer by RCL and a proposed distribution to all shareholders 3 Nov 2021 agree. Rothermere was incorporated in Jersey and is a resident in Jersey. DMGT distributes its c.49% stake in Euromoney Institutional Investor PLC and 200m cash to shareholders. DMGT delists from the London Stock Exchange following a successful offer by RCL for all of DMGTs shares. Many people and entities have the same or similar names. The Trust Company was incorporated in the British LONDON, UK: Daily Mail and General Trust (DMGT) is in discussions in relation to the sale of its Insurance Risk division (RMS), while Rothermere Continuation Limited (RCL) prepared to make a possible cash offer to acquire the entire issued and to be issued share capital of DMGT not already owned by RCL. are collectively referred to herein as the Filers). that own the majority of the voting equity interests in Rothermere. The firm said that Rothermere Continuation Ltd, which owns around 30%, had indicated it was prepared to make a possible cash offer of 251p per share for the entire share capital it did not already own, implying an enterprise value of around 810m. executive offices at 41 Chalton Street, London, NW1 1JD, United Kingdom. MailOnline, launched in 2003, has grown to be one of the worlds most popular English language news sites. In 2013, Rothermere, who has until 9 August to make a firm offer for the business or walk away, first signalled that he might seek to take the business private by increasing his control of the family-held voting shares to almost 90%. is parent company DMGT has agreed to an 850m buyout by its biggest shareholder and chairman Lord Rothermere, taking the firm private after 89 years on the London Stock Exchange. Rothermere Continuation Limited (RCL) announced, 22 September, that it had decided to make changes to the composition of the DMGT Board. The Daily Mail was first. The reporting person is the beneficial owner of 44,898,183 shares of the Issuers Ordinary Shares The Mail stood by its article but apologised for using a picture of Ralph Miliband's tombstone with the pun "grave socialist" on its website. And just like his hereditary title, this status passed as a domicile of origin Jonathan when he was born in 1967. KEY INFORMATION (a) Full name of discloser: Rothermere . Earlier this year DMGT sold its share of car-buying platform Cazoo, which listed in New York via a special purpose vehicle, and disposed of its catastrophe modelling business RMS ahead of Lord Rothermere proposing the share buyback. RCL is owned by a trust for the benefit of theViscount Rothermere and his immediate family.In return, the Trust will receive non-voting "A" ordinary shares,at a ratio of 112.5 non-voting "A" ordinary shares for every 100ordinary voting shares held. DMGT officially delisted. business of which is being the holding company of Daily Mail and General Trust plc (DMGT), a media and entertainment Metro is launched as a free newspaper serving urban markets across the UK. Rothermere. block sales or otherwise or pursuant to ordinary stock exchange transactions effected through one or more broker-dealers whether individually Person and, collectively, the Reporting Persons): Rothermere Continuation Limited (Rothermere), a private limited company organized under He is the chairman and controlling shareholder of the Daily Mail and General Trust, formerly "Associated Newspapers", a media conglomerate which includes the Daily Mail. The Rothermere family is the largest shareholder with a 36 per cent stake in DMGT, which has been listed on the stock market since 1932. amendment containing information which would alter disclosures provided in a prior cover page. Why is Lord Rothermere taking Daily Mail and General Trust private? The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations. Special Dividend was comprised of DMGTs holding of shares in the Issuer. [8] In April 2015, The Sunday Times estimated his net worth at 1 billion. Rothermere Continuation Limited. On 3 November 2021, Daily Mail and General Trust plc (DMGT), which owns Daily Mail, Mail on Sunday, the Metro and inews,announcedthat it had agreed to the terms of a 2.7bn recommended offer from Rothermere Continuation Limited (RCL), a Bermuda registered company owned by a trust held for the benefit of Lord Rothermere and his immediate family (DMGTs controlling shareholder). One change he has instituted since becoming chairman is requiring directors to retire at age 75. Asked why politicians wanted to meet him, he said they "sometimes feel the paper's been hard on them" and asked him to "have some sort of influence". in the Issuer. Majedie Asset Management, an investor in DMGT with a 4.5% stake, said that Rothermere's revised offer was still not generous enough and has urged shareholders not to accept it. In accordance with the provisions of General Instruction We give you the access and tools to invest like a Wall Street money manager at a Main Street price. L Catterton is 60% owned by the partners of L Catterton . The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Daily Mail and General Trust plc on 3 November 2021, it was announced that Rothermere Continuation Limited and the Non-conflicted DMGT Directors had reached agreement on the terms of a special. The Mail on Sunday is launched as a sister title to the Daily Mail. The. It follows negotiations between DMGT, Rothermere Continuation Limited (RCL) and pension trustees, with the company agreeing to inject 412m into its various pension schemes as part of the offer. HSR Early Termination Notices API Endpoint. The current Lord Rothermere, whose father and grandfather were both chairmen of DMGT, has a history degree from Duke University in the US and was managing director of the Evening Standard before taking his current role. It means that the deal is not at risk of facing opposition if a deal is put to a shareholder vote. i' s parent company DMGT has agreed to an 850m buyout by its biggest shareholder and chairman Lord Rothermere, taking the firm private after 89 years on the London Stock Exchange. [9], The BBC's Newsnight programme at the end of January 2017 reported that former prime minister David Cameron had approached Lord Rothermere to sack Eurosceptic Paul Dacre, the editor of the Daily Mail in the run up to the 2016 EU membership referendum. Filing Agreement by and among the Reporting Persons, dated as of June 24, 2022 (filed (Alliance News) - Rothemere Continuation Ltd is close to inking a deal with trustees of Daily Mail & General Trust PLC, which marks the final obstacle to the company's takeover of the London-based . A multinational group, DMGT's operations extend far beyond journalism and include risk management, events and ownership of brands such as Wowcher and property website Zoopla. Shadow justice secretary Steve Reed told the Today programme he absolutely believed Sunak had broken the ministerial code as theres a whole list of areas where the Chancellor appears to have failed to declare things he should have declared. MailOnline, launched in 2003, has grown to be one of the worlds most popular English language news sites. Contact Info. The aristocrat is mulling. involving the Issuer, which occurred on August 26, 2021. 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Daily Mail owner Daily Mail and General Trust (DMGT) exited the London market in January this year, following a successful privatisation push by the Rothermere family. Euromoney Magazine is launched as a business-to-business magazine focused primarily on the international finance sector. VideoRussian minister laughed at for Ukraine war claims, The children left behind in Cuba's mass exodus, Xi Jinping's power grab - and why it matters, Snow, Fire and Lights: Photos of the Week. HSR Annual Reports. The ICIJ Offshore Leaks Database is licensed under the Open Database License and contents under Creative Commons Attribution-ShareAlike license. BROWSE PEOPLE DIRECTORY People Search DMGT sells RMS for approximately 1.4 billion in cash. Premerger Notification Office Blog Posts. Yet another Rothermere company, Harmsworth Trust Co (PTC) Ltd, registered in the British Virgin Islands, owns 10 English properties, most of them near the Rothermeres' neo-Palladian pile in 200-acre Ferne Park in Wiltshire. of the Ordinary Shares was acquired as part of the Special Dividend (as defined below) which was declared pro rata to all of the Lord Rothermere rarely gives interviews, but in 2004 he told the Independent his views were "not necessarily" those of the Daily Mail, but said he did not have the right to "second-guess" his editors. Virgin Islands and is a resident in Jersey. position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent Lord Rothermeres RCL holds all of the vote-bearing shares in DMGTs two-tier stock structure, which means that the deal is not at risk of being blocked when the deal is put to a shareholder vote. The same St. Lucian company also owns land and one further, unidentified property in the Kensington area. The former employee said Mr Greig had been brought in because he had a "softer" approach than Mr Dacre, but the result was intense competition between the Daily Mail and the Mail on Sunday - driven by their "warring editors". and the Issuer share element of the Special Dividend was distributed to Rothermere and to the former The Rothermere family has made an offer to take the publisher of the Daily Mail, i and Metro private in a 3.1bn deal, in a move that will end a 90-year run as a publicly listed company on the London Stock Exchange. The information required on the remainder of this 1934, Class A Ordinary Shares, par value $0.0001, (Name, Address and Telephone Number of Person Authorized The move would give Rothermere, who is also chairman of the group, full control of DMGT and take the company off the stock exchange. All rights reserved. Persons, any Scheduled Persons, has effected any transaction in the Ordinary Shares during the last 60 days. Lord Rothermere was educated at Gordonstoun School and Duke University.[2]. Consideration: Beneficial ownership (Nov 2): Daily Mail owner Lord Rothermere is on the verge of taking the newspaper private after closing in on a deal with its pension funds.Daily Mail & General Trust Plc and controlling shareholder Rothermere Continuation Ltd are "close to agreeing a deal with the trustees" of DMGT's three pension funds, the company said in a statement on Tuesday. 2023 BBC. in Row (11), Type of Reporting Person (See Instructions). The takeover will require shareholder acceptances in respect of 90% of DMGTs A shares in issue and should the deal proceed, will consolidate Lord Rothermeres control over the publisher. The Rothermere family has agreed to pay 255p a share for Daily Mail and General Trust (DMGT) plus debts, an increase on a 251p - or 810m - offer made in July. matters. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. who owns rothermere continuation limited. required by Item 2 of Schedule 13D is provided on Schedule I-IV and is incorporated by reference herein (the Scheduled Persons). Viscount Rothermere currently serves on The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. The Daily Mail was first. share (the Ordinary Shares), of Cazoo Group Ltd, a Cayman Islands exempted company (the Issuer), with principal Lord Rothermere is considering taking the Daily Mail private in a deal that could value the newspaper group at 810m, a move that would end a 90-year run as a publicly listed company on the London Stock Exchange. Rothermere Continuation Ltd is the vehicle of DMGT's biggest shareholder Jonathan Harmsworth, Viscount. Lord Rothermere, chairman of DMGT and director of RCL, said: The sale of RMS and the Cazoo IPO have delivered excellent shareholder returns, but inevitably DMGT is now a considerably smaller group of businesses, with significantly greater exposure to consumer media. After the sale of the financial assets, RCL would bid about 810m for the. His great-grandfather, Harold Sidney Harmsworth, set up the Daily Mail along with his brother in the late 19th Century and was made the first Viscount Rothermere in 1919. All Rights Reserved. or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see currently 760,872,476 outstanding shares of Ordinary Shares of the Issuer, based on information received from the Issuer prior to filing. At conservative gathering, Trump is still the favourite. Rothermere may communicate with the board of directors of the Issuer (the Board), members of management The Company has been notified that Rothermere Continuation Limited has entered into a definitive agreement to acquire the entire shareholding of The Esmond Harmsworth 1998 Settlement in the. Check the Appropriate Box if a Member of Rothermere Continuation Limited ("Rothermere"), a private limited company organized under the laws of Jersey; and (ii) Harmsworth Trust Company (PTC) Limited ("Trust Company"), a private trust company organized under the laws of the British Virgin Islands. DMGT acquires Risk Management Solutions, a fast-growing business in the emerging catastrophe risk modelling sector. Company and Rothermere together hold approximately 5.9% of the Issuers outstanding shares. The sale of RMS and the Cazoo initial public offering have delivered excellent shareholder returns, but inevitably DMGT is now a considerably smaller group of businesses, with significantly greater exposure to consumer media, said Jonathan Harmsworth, the fourth Viscount Rothermere, who is the chair of DMGT. Rothermere Continuation Limited (RCL) offers to acquire all of the DMGT shares that it does not already own. See 2(a) and 3 below (c) Name of offeror/offeree in relation to whose relevant securities this form relates: ROTHERMERE CONTINUATION LIMITED Company Number EXTUID_22647 Native Company Number 41260 Status Live Incorporation Date 7 July 1988 (over 34 years ago) Company Type RC - Registered Private Company Jurisdiction Jersey Registered Address 35-37 New Street St Helier Jersey JE2 3RA Jersey Previous Names BLACKSEA HOLDINGS LIMITED include a signed original and five copies of the schedule, including all exhibits. Photo by Pete Harlow, Wikimedia Commons (Creative Commons licence CC BY-SA 3.0).. The percentage calculation assumes that there are currently

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