LSE:54HB

Daily Mail and General Trust plc: Appointment of Tim Collier as CEO

Retrieved on: 
Thursday, March 16, 2023
CFO, Mail, Knowledge, Partnership, DMGT, Daily Mail and General Trust, Daily Mail, Management

Daily Mail and General Trust plc: Appointment of Tim Collier as CEO

Key Points: 
  • Daily Mail and General Trust plc: Appointment of Tim Collier as CEO
    Tim Collier has been appointed the new CEO of DMGT with immediate effect.
  • Tim is currently a Special Advisor to and non-executive director of DMGT and was previously CFO of DMGT.
  • Lord Rothermere will remain in his role as Executive Chairman and together with Mr Collier will lead DMGT.
  • Lord Rothermere and Tim have developed great trust and respect for one another through their collective years working together.

Daily Mail and General Trust plc: Rule 19.6(c) confirmation in respect to stated post-offer intentions for Daily Mail and General Trust plc

Retrieved on: 
Sunday, December 18, 2022
MAKE, Acquisition, CITY, R (Daily Mail and General Trust plc) v HM Treasury, DMGT, Mail, Panel, RCL, OR, DATE, Code, Rule, Daily Mail, Panel on Takeovers and Mergers, Takeover, Daily Mail and General Trust, Mergers and acquisitions, INTER, Cryptocurrency

Daily Mail and General Trust plc: Rule 19.6(c) confirmation in respect to stated post-offer intentions for Daily Mail and General Trust plc

Key Points: 
  • Daily Mail and General Trust plc: Rule 19.6(c) confirmation in respect to stated post-offer intentions for Daily Mail and General Trust plc
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.
  • Rothermere Continuation Limited ("RCL") announces that, further to the completion of the recommended acquisition by RCL of the entire issued and to be issued share capital of DMGT which was implemented by means of a takeover offer which was declared unconditional on 16 December 2021, RCL has duly confirmed in writing to the Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that, save as announced by RCL on 22 September 2022 in respect of Paul Zwillenberg, DMGT’s CEO, stepping down from the DMGT Board and from his role as Group CEO, RCL has complied with the post-offer intention statements made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as originally detailed in its firm offer announcement of 3 November 2021, the offer document published on 6 November 2021 and the final offer document published on 3 December 2021.

Daily Mail and General Trust plc: Indicative Results of Tender Offer for its £200,000,000 6.375 per cent. Bonds due 2027

Retrieved on: 
Thursday, November 3, 2022
Benchmark, R (Daily Mail and General Trust plc) v HM Treasury, Daily Mail and General Trust, Attention, Purchasing, Tender, Company, Daily Mail, Person, Settlement date, TEL, Security (finance), EU, Bond

(as more fully described in the Tender Offer Memorandum).

Key Points: 
  • (as more fully described in the Tender Offer Memorandum).
  • The Company does not expect to accept for purchase Bonds tendered pursuant to Competitive Tender Instructions that specified a purchase spread less than the Purchase Spread.
  • No offer or invitation to acquire any Bonds is being made pursuant to this announcement.
  • The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.

Daily Mail and General Trust plc: Final Results of Tender Offer for its £200,000,000 6.375 per cent. Bonds due 2027

Retrieved on: 
Thursday, November 3, 2022
R (Daily Mail and General Trust plc) v HM Treasury, Settlement date, Daily Mail and General Trust, Attention, Tender, Company, Offer, Daily Mail, Person, TEL, Security (finance), EU, Bond

The Company has determined that the Final Acceptance Amount will be 50,000,000 and the Purchase Spread will be 450 bps.

Key Points: 
  • The Company has determined that the Final Acceptance Amount will be 50,000,000 and the Purchase Spread will be 450 bps.
  • The Company will not accept for purchase Bonds tendered pursuant to Competitive Tender Instructions that specified a purchase spread less than the Purchase Spread.
  • Final pricing for the Offer took place at or around 11.00 a.m. (London time) today, 1 November 2022.
  • The Company will also pay an Accrued Interest Payment in respect of those Bonds accepted for purchase pursuant to the Offer.

Daily Mail and General Trust plc: Tender Offer for its £200,000,000 6.375 per cent. Bonds due 2027

Retrieved on: 
Friday, October 28, 2022
Benchmark, Company, Direct participation program, The Purchase Price, ISIN, Communication, RNS, Settlement date, Purchasing, Purchase price allocation, Tender, Security (finance), Auction, Reinsurance, Francis Holder, Bond

The Purchase Spread will be determined pursuant to a Modified Dutch Auction Procedure, as described in the Tender Offer Memorandum.

Key Points: 
  • The Purchase Spread will be determined pursuant to a Modified Dutch Auction Procedure, as described in the Tender Offer Memorandum.
  • The Company will also pay an Accrued Interest Payment in respect of Bonds accepted for purchase pursuant to the Offer.
  • Tender Instructions may be submitted on a competitive basis or a non-competitive basis, as further described in the Tender Offer Memorandum.
  • Holders are advised to read carefully the Tender Offer Memorandum for full details of and information on the procedures for participating in the Offer.

Rule 19.6(b) update on stated post-offer intention statement with regard to Daily Mail and General Trust plc

Retrieved on: 
Thursday, September 22, 2022
Courage, Group, Time, RCL, Senior advisor, City Code on Takeovers and Mergers, Intention, Vere Harmsworth, 3rd Viscount Rothermere, DMGT, CEO, Technology, Paul, Intuition, Leadership, Management

This announcement is required under Rule 19.6(b) of the Takeover Code.

Key Points: 
  • This announcement is required under Rule 19.6(b) of the Takeover Code.
  • Now, having successfully delivered on that strategy, Paul has decided that the time is right to step down.
  • Lord Rothermere said, DMGT has been transformed under Pauls leadership, setting the business up for an exciting future on our own terms.
  • Paul Zwillenberg said, I am immensely proud of what we have achieved for the company, the Rothermere family and shareholders.

Date of settlement of the Share Element of the Special Dividend

Retrieved on: 
Tuesday, June 14, 2022
Transfer, Book, DTC, Ownership, Special dividend, Form, Share, Special, RCL, Telephone, Nomination, DMGT, DRS, CDIS, New, CDI, Originality, Bangladesh Securities and Exchange Commission, Security (finance), Cazoo, CREST

On 14 December 2021, the Non-conflicted DMGT Directors declared a Special Dividend, comprised of a Cash Element and a Share Element, to all shareholders on the register of members of DMGT as at 6.00pm UK time on 16 December 2021.

Key Points: 
  • On 14 December 2021, the Non-conflicted DMGT Directors declared a Special Dividend, comprised of a Cash Element and a Share Element, to all shareholders on the register of members of DMGT as at 6.00pm UK time on 16 December 2021.
  • The Share Element is comprised of DMGTs holding of shares (Cazoo Shares) in Cazoo Group Ltd (Cazoo), equivalent to 0.5749 shares in Cazoo per DMGT share, subject to rounding.
  • At its declaration, settlement of the Share Element was expected to occur in the first half of 2022 and the timing was uncertain due to it being subject to US securities law restrictions.
  • Additional information on the Share Element will be provided to former DMGT Shareholders in the Information Document in relation to the Share Element of the Special Dividend, which is being published with this announcement.

Update on expected timing of settlement of the Share Element of the Special Dividend

Retrieved on: 
Thursday, May 26, 2022
Transfer, Telephone, Form, CDI, DTC, Bangladesh Securities and Exchange Commission, CDIS, New, Special dividend, SEC filing, Originality, Special, Ownership, DMGT, Time, Nomination, DRS, RCL, Book, Security (finance), Risk management, Cazoo, CREST

The Share Element is comprised of DMGTs holding of shares (Cazoo Shares) in Cazoo Group Ltd (Cazoo), equivalent to approximately 0.5749 shares in Cazoo per DMGT share.

Key Points: 
  • The Share Element is comprised of DMGTs holding of shares (Cazoo Shares) in Cazoo Group Ltd (Cazoo), equivalent to approximately 0.5749 shares in Cazoo per DMGT share.
  • At its declaration, settlement of the Share Element was expected to occur in the first half of 2022 and the timing was uncertain due to it being subject to US securities law restrictions.
  • On 31 March 2022, DMGT provided an update on the likely timing of settlement including that settlement could only occur if Cazoos registration statement on Form F-1 was effective and usable.
  • Additional information on the Share Element will be provided to former DMGT Shareholders in the Information Document in relation to the Share Element of the Special Dividend, which is expected to be published in advance of the settlement date, once that date is known.

Update on expected timing of settlement of the Share Element of the Special Dividend

Retrieved on: 
Friday, May 6, 2022
Transfer, Board, Originality, DMGT, Special, DRS, Telephone, Director, New, Form, CDIS, Nomination, RCL, Special dividend, Book, CDI, DTC, Bangladesh Securities and Exchange Commission, Ownership, Security (finance), Online gambling, Cazoo, CREST

The Share Element is comprised of DMGTs holding of shares (Cazoo Shares) in Cazoo Group Ltd (Cazoo), equivalent to approximately 0.5749 shares in Cazoo per DMGT share.

Key Points: 
  • The Share Element is comprised of DMGTs holding of shares (Cazoo Shares) in Cazoo Group Ltd (Cazoo), equivalent to approximately 0.5749 shares in Cazoo per DMGT share.
  • At its declaration, settlement of the Share Element was expected to occur in the first half of 2022 and the timing was uncertain due to it being subject to US securities law restrictions.
  • On 31 March 2022, DMGT provided an update that the timing remained uncertain but that the settlement was expected to occur in May 2022.
  • DMGT will provide a further update, including the expected date of settlement, once Cazoos registration statement is effective and usable.

Update on expected timing of settlement of the Share Element of the Special Dividend

Retrieved on: 
Friday, April 1, 2022
Special dividend, Form, DMGT, Security (finance), Cazoo

On 14 December 2021, the Non-conflicted DMGT Directors declared a Special Dividend, comprised of a Cash Element and a Share Element, to all shareholders on the register of members of DMGT as at 6.00pm on 16 December 2021.

Key Points: 
  • On 14 December 2021, the Non-conflicted DMGT Directors declared a Special Dividend, comprised of a Cash Element and a Share Element, to all shareholders on the register of members of DMGT as at 6.00pm on 16 December 2021.
  • The Share Element is comprised of DMGT's holding of shares ('Cazoo Shares') in Cazoo Group Ltd ('Cazoo'), equivalent to approximately 0.5749 shares in Cazoo per DMGT share.
  • At this stage, the current expectation is that the settlement of the Share Element of the Special Dividend will occur in May 2022.
  • DMGT will make a further announcement on the expected timing for settlement when there is greater certainty.