In accordance with the provisions of General Instruction Notices and Communications), (Date of Event Which Requires Filing of this Statement), If the filing person has previously filed a statement We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 1934, Class A Ordinary Shares, par value $0.0001, (Name, Address and Telephone Number of Person Authorized to be sent. DMGTs share price closed up about 3.5% after news of the potential buyout was announced on Monday, at 10.76. On November 3, 2021, Rothermere formally made an offer to the other shareholders of DMGT to Ashurst advises the trustees in relation to the sale of ordinary voting or utilizing specific pricing or other instructions (including by means of Rule10b5-1programs), and review or reconsider their Daily Mail and General Trust plc (DMGT) 23-Jul-2021 / 15:23 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The potential deal would place the Daily Mail and its sister titles squarely in the hands of. 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. are collectively referred to herein as the Filers). It is also seeking assurances that the groups pension schemes will not be affected by the takeover. Rothermere. Many people and entities have the same or similar names. Rothermere agrees deadline extension to take Daily Mail owner private Read more, Editorial enquiries, please contact: [emailprotected], Commercial enquiries, please contact: [emailprotected]. dmg ventures established to manage DMGTs minority and early-stage investments. The company has made 1.2bn from disposals in recent years of its stake in the property portal Zoopla, the education business Hobsons and the energy data firm Genscape. DMGT sells its remaining stake in the company. 1998 Business Phone: 44 (0) 1534 870670. Rothermere Continuation Ltd. (RCL . 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. Following the RCL offer becoming unconditional, DMGT distributes 1.3 billion cash to all shareholders and declares the distribution of its holding in Cazoo (completed in June 2022). Our mission is to hold the powerful to account. The Right Honourable Jonathan Harold Esmond Vere Viscount He set up the Daily Mail with his brother Alfred in 1896, and subsequently launched the Daily Mirror. 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. Rothermere Continuation Limited (RCL) announced, 22 September, that it had decided to make changes to the composition of the DMGT Board. FB Roundup: Daily Mail and General Trust, Heineken, LVMH Rothermere mulls taking Daily Mail and General Trust private in 810m As well as the Daily Mail and Mail on Sunday, the group also owns Metro newspapers and recently acquired The i newspaper and New Scientist. position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. 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. Always cite the International Consortium of Investigative Journalists when using this data. HSR Annual Reports. The declaration reveals that "RCL is owned by a trust which is held for the benefit of Viscount Rothermere (the chairman of the DMGT) and his immediate family. This post is by Guy Shrubsole. Who owns Rothermere Continuation? The offer follows from Rothermeres approach in July 2021 (see: Daily Mails controlling shareholder indicates possible bid) which offered shareholders 2.51 per share and a special dividend of 6.10 and Cazoo shares. Lord Rothermere to take charge of DMGT as CEO steps down But we can't do it without you. Daily Mail set up to evade tax - not very British and rather And just like his hereditary title, this status passed as a domicile of origin Jonathan when he was born in 1967. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. Jonathan Harmsworth, 4th Viscount Rothermere - Wikipedia The class of equity security Rothermere Continuation Limited's Acquisition Of The A Ordinary Shares In Daily Mail and General Trust plc November 6, 2021 Giulia Di Palma Tagged: Aimee Carroll-Hewitt Ashurst Karen Davies Lazard Theo Palmer Tim Rennie rothermere continuation ltd. 35-37 NEW STREET. In accordance with the provisions of General Instruction C to Schedule 13D, The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions. Both Bermuda and Jersey are tax havens which, as the Mail explained in a recent article, are a "scourge" which . 240.13d-1(f) or 240.13d-1(g), check the following box. The ten landowners who own one-sixth of Dorset - Who owns England? HSR Resources. [11], Lord Rothermere chairs the Imperial War Museum foundation, following the tradition set by his great grandfather, the first Viscount. DMGT is established to manage the family's newspaper interests. 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. However, the publisher of the Daily Mail said a potential offer was contingent on a number of factors, including a planned sale of DMGTs insurance risk business Risk Management Solutions, and the sale of its stake in the online car retailer Cazoo, which was valued at $7bn (5bn) after being snapped up by a special purpose acquisition company (Spac) in March. the Notes). as of June 24, 2022, is by and among Rothermere Continuation Limited and Harmsworth Trust Company (PTC) Limited (the foregoing The Special Dividend was declared by DMGT in Rothermere Continuation Limited's Acquisition Of The A Ordinary Shares Rothermere readies 810m bid to take Daily Mail owner private Form 8 - Daily Mail and General Trust plc: Rothermere Continuation Limited Both RCL and the trust are administered in Jersey, in the Channel Islands". The move sparked speculation that Rothermere might seek to approach the remaining shareholders to take full control of DMGT, which has been listed on the stock market since 1932. Executed and delivered as of the date first above under the laws of the British Virgin Islands. Filing Agreement as an exhibit to such statement, as required by such rule. Each of the Filers may be required The Offer has been recommended by the non-conflicted directors of DMGT. 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). Viscount Rothermere currently serves on Shares, par value $0.0001 of Cazoo Group Ltd. beneficially owned by them from time to time. cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Act) Dmgt News Headlines. DMGT Share News. Financial News Articles for General Register Office of England and Wales, Births, Register number C95C, Entry number 140, Westminster. Check the Appropriate Box if a Member of the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. who owns rothermere continuation limited Jonathan Harmsworth | Beastrabban\'s Weblog 1 Level of acceptances and interests in relevant securities. "[5], In 2013, Private Eye reported that the non-dom status could be in doubt because of his stately home, Ferne House in Wiltshire, and status as a Freeman of the City of London. 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. Daily Mail and General Trust plcTel: +44 (0) 20 7938 6000, Northcliffe House2 Derry StreetLondonUnited KingdomW8 5TT, Copyright 2022 Daily Mail and General Trust plc | Registered in England & Wales | Company number: 184594, Modern Slavery Act Transparency Statement. Kudrat Agrawal / Trainee, Edward Beighton / Trainee, Maddy Tomlin / Trainee, Sean Lee / Trainee, Xiwan Wei / Trainee, One Bunhill RowLondonEC1Y 8YYUnited Kingdom, 2906-2909 China World Office 2No.1 Jianguomenwai AvenueBeijing 100004China, 47th Floor, Jardine HouseOne Connaught Place, CentralHong KongChina, 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, Sustainability and Climate Change Resources, Modern Slavery Slavery and Human Trafficking Statement, Go to Financial Regulation Weekly Bulletin, Go to Sustainability and Climate Change Resources. In each case, distributed on December 30, 2021). Rothermere Continuation Ltd is the vehicle of DMGT's biggest shareholder Jonathan Harmsworth, Viscount. 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. [17] Rothermere confirmed this in his testimony to the Leveson Inquiry. Rothermere is also a special purpose entity, the principal The recommended offer comes after the completion of a number of pre-conditions that were specified in RCLs July approach; the 1.4bn sale of DMGTs insurance risk division, the float of online car retailer Cazoo via a merger with SPAC Ajax I on the New York Stock Exchange and the reaching of a settlement with DMGTs pension scheme trustees. 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. 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. General Register Office of England and Wales, Marriages, September quarter 1993, Westminster, Vol 15, page 1798. Lord Rothermere agrees deal to take Daily Mail owner private - Yahoo! in the Issuer. It comes after DMGT and Rothermere Continuation Limited (RCL) reached agreement with trustees of the firm's pension funds, which will see Lord Rothermere inject 412 million into the schemes. certain assets on behalf of Viscount Rothermere and his immediate family. The independent directors have indicated they would be minded to recommend the possible offer to DMGTs shareholders, the company said. The group owns i, which has complete editorial independence, and also recently acquired New Scientist. Note: Schedules filed in paper format shall 2023 BBC. As well as the Daily Mail and Mail on Sunday, the group also owns Metro newspapers and recently acquired The i newspaper and New Scientist.
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