who owns rothermere continuation limited

position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. The Daily Mail.an anti european newspaper owned by an Englishman who lives in France.publishing articles written by Richard Littlejohn lamenting the decline of Britain.from his beach home in Florida.. Related: Revealed: The Extent of the Daily Mails Support for the British Union of Fascists. Under British takeover rules, the Rothermeres have until Nov. 25 to make a firm offer to buy DMGT via their vehicle Rothermere Continuation Ltd or walk away. 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. on Schedule13G to report the acquisition that is the subject of this Schedule13D, and is filing this schedule because of 240.13d-1(e), The Reporting Persons intend to review on a continuing basis their investments 3: . Virgin Islands and is a resident in Jersey. It has been estimated Rishi Sunaks wifes non-dom status could have saved her 20 million in taxes on dividends from her shares in Infosys, an Indian IT company founded by her father. 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. [8] In April 2015, The Sunday Times estimated his net worth at 1 billion. The Special Dividend was declared by DMGT in 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". Harmsworth Trust Company (PTC) Limited (Trust Company), a private trust company organized 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). If DMGT is taken private it will leave Reach the parent company of the Mirror, Express and Star national titles and regional publications such as the Manchester Evening News as the only major UK newspaper group remaining as a publicly listed company on the London Stock Exchange. Metro is launched as a free newspaper serving urban markets across the UK. Rothermere is also a special purpose entity, the principal 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. share (the Ordinary Shares), of Cazoo Group Ltd, a Cayman Islands exempted company (the Issuer), with principal 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. in Jersey. that own the majority of the voting equity interests in Rothermere. Our mission is to hold the powerful to account. to a judgment, decree of final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state Material to Be Filed as Exhibits Item 7 of the Schedule 13D is amended and supplemented as follows: The owner of Britain's Daily Mail said on Tuesday it was close to agreeing a deal with its pension trustees that could see Rothermere Continuation Ltd pay them roughly 400 million pounds ($546 . 2: Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) o. Both RCL and the trust are administered in Jersey, in the Channel Islands". Rothermere said it now owns or has agreed to buy 56.7% of all DMGT shares. herewith). 240.13d-1(f) or 240.13d-1(g), check the following box. General Register Office of England and Wales, Births, Register number E60C, Entry number 038, Westminster. In September 2013, the Daily Mail published an article headlined "the man who hated Britain" about Ralph Miliband, the late father of Labour leader Ed Miliband - who called the story a "lie". Rothermere is the legal owner of most (as defined below) which constitute approximately 5.9% of the class outstanding. Ordinary Shares or other securities of the Issuer that it may own from time to time, in each case in open market or private transactions, business of which is being the holding company of Daily Mail and General Trust plc (DMGT), a media and entertainment The Special Dividend comprises cash and the shares DMGT owns in NYSE-listed Cazoo Group Limited. 2021 Associated Newspapers Limited. 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. Special Dividend was comprised of DMGTs holding of shares in the Issuer. [6], He was a supporter of the former Conservative Party leader David Cameron. Pending the closure of both deals, DMGT's controlling shareholder Rothermere Continuation Ltd (RCL), the family's Jersey-registered trust, told the DMGT board it would be prepared to make a possible cash offer of about $1.1 billion to acquire all shares not already owned by RCL. The Daily Mail is owned by billionaire, Jonathan Harmsworth (DMGT Media), 4th Viscount Rothermere, great-grandson of it's founder, Harold Sidney Harmsworth who was close friends with Benito Mussolini and Adolf Hitler. HSR Resources. and/or other shareholders or other relevant parties from time to time with respect to operational, strategic, financial or governance We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. DMGT reduces its stake in Euromoney Institutional Investor PLC from 67% to c.49%. Premerger/HSR Press Releases. Well, Daily Mailproprietor Lord Rothermere is also a famous exponent of non-dom tax rules. General Register Office of England and Wales, Births, Register number C95C, Entry number 140, Westminster. Rothermere Declaration of Trust, a discretionary trust organized under the laws of Jersey (Trust Harmsworth, 53, Harolds great-grandson, has led the business through huge technological change as print newspapers have had to refocus their business models in the digital age. The Fourth Viscount Rothermere, Jonathan Harmsworth appointed DMGT Chairman. Note: Schedules filed in paper format shall Exhibit 1 Joint the increased offer were satisfied in due course, including the declaration of the Special Dividend, After the sale of the financial assets, RCL would bid about 810m for the. matters. There are legitimate uses for offshore companies and trusts. This website is for Private Investors* only. You can download a raw copy of the database here. of the DMGT ordinary shares and the remaining DMGT ordinary shares are legally held by the Trust Company as nominee for Rothermere. Daily Mail & General Trust PLC - London-based newspaper publisher, including Daily Mail, Metro and i - Rothermere Continuation Ltd says Friday it owns or has acceptances for its takeover offer for . What has happened to the once-great British Airways? certain assets on behalf of Viscount Rothermere and his immediate family. DMGT distributes its c.49% stake in Euromoney Institutional Investor PLC and 200m cash to shareholders. Trust 2 is a Control Person with respect to Rothermere. Consideration: Beneficial ownership who owns rothermere continuation limited. Always cite the International Consortium of Investigative Journalists when using this data. Rothermere Continuation Limited. Harmsworth won his five-month battle to take the publisher private last week after the owners of 57% of the shares opted for their recommended offer. Jonathan Harmsworth, 53, Harolds great-grandson and the 4th Viscount Rothermere, has led the business through huge technological change as print newspapers have had to refocus their business models in the digital age. | March 3, 2023 If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. Row (11) Excludes Certain Shares (See Instructions) o. . The address of the principal business office of each of the Reporting Persons and the Control The class of equity security The family, which founded the Daily Mail in 1896 and listed parent company Daily Mail and General Trust in 1932, has tabled a 255p per share offer valuing the newspaper business at 850m including debt. 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. Under the proposed deal, which is contingent on selling the RMS unit, Rothermere Continuation Ltd. would pay 251 pence per share in cash and a special dividend valued at about 610 pence per share which includes cash from the asset sale and a distribution of stock in online auto-marketplace startup Cazoo the London-based company said in . Trust 2 is a British Virgin Islands law trust The reporting person is the beneficial owner of 1,437,250 shares of the Issuers Ordinary Shares (as The Third Viscount Rothermere, Vere Harmsworth, appointed DMGT Chairman. 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%. DMGTs pension scheme trustees may be the first to input in a takeover in Q4 2021, but they are certainly not the first this year, with Q3 2021 seeing pension scheme trustees involved in the bids for Morrisons and Ultra Electronics (see: Market Tracker Trend Report: Trends in Public M&A in Q3 2021 and Practice Note: Pension issues on a takeoverTakeover Code requirements (a subscription to LexisPSL Corporate is required)). Story . During the last five years, none of the Reporting Persons or the Scheduled Persons has been a party to I am a private investor* I am not a private investor I am not a private investor 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. Rothermere Continuation Ltd. (RCL . It was the most pathetic piece. All rights reserved. The Reporting Persons reserve the right, based on all relevant factors and subject to applicable law or other restrictions, at as of June 24, 2022, is by and among Rothermere Continuation Limited and Harmsworth Trust Company (PTC) Limited (the foregoing cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Act) The Offer was announced on 3 November 2021, and it is expected to become or be declared unconditional on 16 December 2021.

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