During the last five years, none of the Reporting Persons or the Scheduled Persons has been a party to Lord Rothermere, the biggest shareholder in the owner of the Daily Mail, has agreed an 850m buyout that will see the group taken private after 89 years on the stock market. Majedie Asset Management, one of DMGTs largest shareholders controlling 4.6% of the companys class A shares, said that the business is worth at least twice the price offered. News of the firm approach saw DMGT shares close at 11.22, a 3% increase to the 10.90 that shares closed at on 2 November 2021. 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. * The remainder of this cover page shall be filled Market Tracker is a unique service for corporate lawyers housed within LexisPSL Corporate. He provided Lord Leveson with details of numerous lunches and dinners with politicians including Tony Blair, Gordon Brown, David Cameron and Nick Clegg. Together, the Trust Start sales research here. See Items 7-11 of the cover pages and Item 2 above. The Mail on Sunday is launched as a sister title to the Daily Mail. 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. out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent Oddly enough it's feminists, One of the UK's smallest towns has an award-winning pub and England's oldest fishing society, The golden health rules GPs live by, including why you should ditch your weekend lie-ins, Where to get Greatest Hits Radio on FM and DAB and when Ken Bruce starts, The Government delay of the Pensions Dashboard may well cost you tens of thousands of pounds, Government WhatsApp decision-making threatens 'accountability', warns Information Commissioner, Prince Harry says smoking marijuana 'helped him mentally' in live TV interview, Government set to introduce new powers to crack down on small boat crossings next week, Hopes to discover 'thousands' of planets with signs of alien life in next 20 years, Do not sell or share my personal information. Following a successful launch to market in 2019, DMGT increases its total investment in Cazoo to 117m. 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. Lord Rothermere said his role is not to "operationally manage" DMGT, Lord Rothermere at Margaret Thatcher's funeral, A source said there is fierce competition between the papers run by Paul Dacre and Geordie Greig, Russian minister laughed at for Ukraine war claims. Early Termination Updates on Twitter. 2/11/21. But what of the Mail newspaper group itself? However, if a deal is completed, the sale would take place in the third quarter of 2021, said the company, which owns the British newspaper, the Daily Mail. All Rights Reserved. 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. For a trust, the trustee(s), settlor and beneficiaries must be named. They outlined ten key questions the chancellor should answer regarding the tax scandal. taking the firm private after 89 years on the London Stock Exchange, 'How bad are the pics? You can also SUBSCRIBE TO OUR NEWSLETTER . ST. HELIER Y9 JE2 3RA. distributed on December 30, 2021). 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. 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 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. A few days later Lord Rothermere wrote to Mr Miliband to apologise "unreservedly" after a Mail on Sunday journalist arrived uninvited at a memorial service for his uncle, seeking information. 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. Like Mr Dacre, he told the inquiry there had been no phone hacking by journalists at the company's papers, and argued that self-regulation "protects the press from political interference". (a) Full name of discloser: Rothermere Continuation Limited ("RCL ")(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. Notices and Communications), (Date of Event Which Requires Filing of this Statement), If the filing person has previously filed a statement Rothermere Continuation Limited. The TLE shop is also now open, with all profits going to supporting our work. DMGT said it has received a number of inquiries for RMS, which it bought in 1998. While discussions are ongoing and there can be no certainty that a transaction will result . General Register Office of England and Wales, Births, Register number A65C, Entry number 255, Westminster. A DMGT spokesman would only say the 4th Viscounts domicile status was a private matter. You can download a raw copy of the database here. The address of the principal business office of each of the Reporting Persons and the Control The Right Honourable Jonathan Harold Esmond Vere Viscount DMGT is established to manage the family's newspaper interests. Under the Securities Exchange Act of With this in mind, the Mail shared their outrage at the apparent lack of tax fairness. 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". rothermere continuation ltd. 35-37 NEW STREET. Trust 2 is a Control Person with respect to Rothermere. Home > Uncategorized > who owns rothermere continuation limited. The main asset of RCL is its holding of DMGT Ordinary Shares. Why Alex Murdaugh was spared the death penalty, Why Trudeau is facing calls for a public inquiry, The shocking legacy of the Dutch 'Hunger Winter'. Jonathan Harold Esmond Vere Harmsworth, 4th Viscount Rothermere (born 3 December 1967), is a British peer and inheritor of a newspaper and media empire founded by his great-grandfather Harold Sidney Harmsworth, 1st Viscount Rothermere. Isabel Oakeshott HANGS UP on interviewer, Ambulance strikes suspended by GMB and Unison, Revealed: The Extent of the Daily Mails Support for the British Union of Fascists, Elevenses: Fear and Loathing in the New Conservatives. assets on behalf of Viscount Rothermere and his immediate family. The Daily Mail - which worried that the "complicated structure" of the Sussex businesses showed that "Meghan planned to keep her and Harry's business as opaque as possible" - is owned by Daily Mail General Trust, which was until 2020 owned by a holding company called Rothermere Continuation Limited, which was incorporated in . Public records show Infosys has received more than 50 million in UK public sector contracts since 2015 with Labour arguing Sunak should have registered an interest in the firm because of his wifes involvement. Some information may have changed over time. Both RCL and the trust are administered in Jersey, in the Channel Islands". Please contact us if you find an error in the database. | March 3, 2023 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. On June 28, 2022, Rothermere entered into a financing agreement with DB UK Bank Limited (the "Bank") pursuant to Pursuant to the terms of the agreement, Rotheremere granted to the Bank a negative pledge over the Ordinary Shares. shareholders and, amongst other things, a special dividend (comprising cash and the shares in the DMGT delists from the London Stock Exchange following a successful offer by RCL for all of DMGTs shares. Photo by Pete Harlow, Wikimedia Commons (Creative Commons licence CC BY-SA 3.0).. 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. Consideration: Beneficial ownership DMGT acquires New Scientist, one of the worlds leading science publishing titles. Rothermere is also a special purpose entity, the principal the British Virgin Islands; and. Rothermere Continuation Trust (Trust 2), a discretionary trust organized under the laws of We strongly urge shareholders not to accept the offer.. and is a resident in Jersey. the Control Persons), are: Trust 1 is a Control Person with respect to The Trust Rothermere. 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. Persons, any Scheduled Persons, has effected any transaction in the Ordinary Shares during the last 60 days. The Special Dividend comprises cash and the shares DMGT owns in NYSE-listed Cazoo Group Limited. 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. amendment containing information which would alter disclosures provided in a prior cover page. The Trust Company is a special purpose entity, the principal business of which is the management of It would give RCL at least 500m, and would probably help fund any takeover offer for the what remains of the newspaper group. 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. We depend on the generous support of readers like you to help us expose corruption and hold the powerful to account. Harold Harmsworth made the Mail a very popular newspaper, but has been criticised for supporting Adolf Hitler as the Nazi party rose to power in Germany. acquire from them those shares in DMGT not already beneficially owned by Rothermere. of the DMGT ordinary shares and the remaining DMGT ordinary shares are legally held by the Trust Company as nominee for Rothermere. Lord Rothermere, the head of the family that founded the Daily Mail in 1896 and a director of Rothermere Continuation Limited (RCL), said: "The sale of RMS and the Cazoo IPO have delivered . L Catterton is 60% owned by the partners of L Catterton . DMGT acquires Trepp, a US-based business providing valuation and data solutions for the commercial mortgage-backed securities (CMBS) market. The Daily Mail was first. The Rothermeres own approximately 30.3% of DMGTs non-voting shares and as a result of a deal completed in 2013, control all of the voting shares in the group. Contact Info. Virgin Islands and is a resident in Jersey. Acceptance level update. Brothers Alfred and Harold Harmsworth edit, produce and oversee the launch of the Daily Mail. written. until the third annual meeting of shareholders following the closing of a corporate transaction defined below) which constitute approximately .2% of the class outstanding. It means that the deal is not at risk of facing opposition if a deal is put to a shareholder vote. We only ask you to donate what you can afford, with an option to cancel your subscription at any point. 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 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. block sales or otherwise or pursuant to ordinary stock exchange transactions effected through one or more broker-dealers whether individually 1998 RMS joins DMGT DMGT acquires Risk Management Solutions, a fast-growing business in the emerging catastrophe risk modelling sector. the Ordinary Shares referred to in Item 3 as a result of the Special Dividend and hold the Ordinary Shares for investment purposes. Story . by Each Reporting Person, Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o, Percent of Class Represented by Amount Journalism in Britain is under threat. This Joint Filing Agreement, dated The independent directors have indicated they would be minded to recommend the possible offer to DMGTs shareholders, the company said. 3: . 2021 Associated Newspapers Limited. Who owns Rothermere Continuation? Viscount Rothermere currently serves on What I think will be embarrassing for the Mails Editor is the Mail is owned by the Rothermere family. Many people and entities have the same or similar names. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you. Rothermere may communicate with the board of directors of the Issuer (the Board), members of management FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER Rules 8.1 and 8.2 of the Takeover Code (the "Code") 1. or Relationships with Respect to Securities of the Issuer. By 2001 a new Ferne House had been built in the grounds to a 40m design by renowned Palladian-style architect Quinlan Terry. to which this statement on Schedule 13D (this Schedule 13D) relates is the Class A ordinary shares, par value $0.0001 per DMGT shareholders on June 23, 2022 (the cash element of the Special Dividend having been DMGT acquires Landmark, a UK business that provides services to help reduce the risk associated with commercial and residential property transactions. I am a private investor* I am not a private investor I am not a private investor 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. 2 The move would give Rothermere, who is also chairman of the group, full control of DMGT and take the company off the stock exchange. required by Item 2 of Schedule 13D is provided on Schedule I-IV and is incorporated by reference herein (the Scheduled Persons). was conditional on the increased offer becoming or being declared unconditional. 240.13d-1(f) or 240.13d-1(g), check the following box. 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. In August, DMGT completed the first of the preconditions, selling the insurance risk business RMS to the credit rating agency Moodys for 1.4bn. (as defined below) which constitute approximately 5.9% of the class outstanding. Despite a reported personal fortune of around 800m, Viscount Rothermere turned to his bankers for loans. It was the most pathetic piece. 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. DMGT has issued a bond that is owned by fixed income investors. December 2, 2021, Rothermere formally made an increased offer for those same shares. are collectively referred to herein as the Filers). Daily Mail and General Trust plc (DMGT) 23-Jul-2021 / 15:23 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. . What did your Dad do? Rothermere was incorporated in Jersey and is a resident in Jersey. The Offer was announced on 3 November 2021, and it is expected to become or be declared unconditional on 16 December 2021. 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. The current Lord Rothermeres father loved Great Britain so much he went to live in France as a tax exile. a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject By living as a tax exile in Paris for most of his life, the 3rd Viscount had become non-domiciled for British tax purposes. We believe the terms of our offer to be fair, particularly bearing in mind not only the existing level of debt within DMGT at a time of increasingly difficult market conditions, but also the restrictions imposed on the operation of the business as part of the settlement with the pension trustees, said Rothermere. made an offer to the other shareholders of DMGT to acquire from them those shares in DMGT not already beneficially owned by Rothermere. Read more, Editorial enquiries, please contact: [emailprotected], Commercial enquiries, please contact: [emailprotected]. 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. It is also seeking assurances that the groups pension schemes will not be affected by the takeover. Premerger Notification Office Blog Posts. in its capacity as a legal shareholder of DMGT ordinary shares. The aristocrat is mulling. Daily Mail seeks to delay court allegations of high-profile breaches of privacy, Ex-Lib Dem MP Simon Hughes makes phone-hacking claim against Daily Mail owner, Labour MP calls for Paul Dacre peerage to be delayed, Legal action by Doreen Lawrence and Prince Harry could mire Daily Mail for years, Doreen Lawrence, Prince Harry and others launch legal action against Daily Mail publisher, Lord Rothermere takes over as chief executive of Daily Mail owner, Daily Mail Australia to appeal Erin Molans win in defamation case over racism accusations, Erin Molan awarded $150,000 damages after winning defamation case against Daily Mail Australia, Daily Mail calling? The records cover more than 80 years up to 2020 and link to people and companies in more than 200 countries and territories. The BBC is not responsible for the content of external sites. RCL owns around. 2023 BBC. The cash proceeds of the deals 610p a share would be distributed to DMGT shareholders through a special dividend. 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. Source and Amount of Funds or Other the Issuers board, and was appointed pursuant to this right. 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. HSR Early Termination Notices API Endpoint. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. The possible offer is subject to a number of pre-conditions and, even if satisfied, there can be no certainty that an offer will be made . The. He has non-domicile (non-dom) tax status and owns his media businesses through a complex structure of offshore holdings and trusts.[4]. Since you are here, we wanted to ask for your help. executive offices at 41 Chalton Street, London, NW1 1JD, United Kingdom. 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. 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%. Rothermere Continuation Limited (RCL) announced, 22 September, that it had decided to make changes to the composition of the DMGT Board. 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 . The Rothermere family has put forward a potential offer that would involve buying about 70% of the Daily Mail & General Trust (DMGT) group that it does not already own. position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. The stock exchange announcement offered no reasons why Rothermere Continuation Limited (RCL), the Jersey-registered holding company, has chosen this moment to say it may try to go fully. the offer was conditional on a sufficient number of acceptances having been received from DMGT DMGT is listed on the London Stock Exchange. Metro is launched as a free newspaper serving urban markets across the UK. Following its transformation into a US-based EdTech business, Hobsons is sold for c.US$410m cash. Well, Daily Mailproprietor Lord Rothermere is also a famous exponent of non-dom tax rules. under the laws of the British Virgin Islands. He then passed on the nom-dom status to his son who doesnt actually pay the normal amount of tax despite owning a newspaper thats owned through various tax companies in Bermuda. Trust 2 is a British Virgin Islands law trust Lord Rothermere is already the controlling shareholder of DMGT through a 28% stake owned by his family trust, RCL. certain assets on behalf of Viscount Rothermere and his immediate family. DMGT acquires the i, a quality, concise UK national newspaper and website. 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. Daily Mail & General Trust chairs family would buy about 70% of group that it does not already own. 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. 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. be terminated by any of the Filers upon one weeks prior written notice or such lesser period of notice as the Filers may mutually in a criminal proceeding (excluding traffic violations or similar misdemeanors). in Row (11), Type of Reporting Person (See Instructions). Company and Rothermere together hold approximately 5.9% of the Issuers outstanding shares. 2: Check the Appropriate Box if a Member of a Group (See Instructions) (a) o (b) o. Rothermere Continuation Limited (RCL) is a holding company incorporated in Bermuda. Daily Mail and General Trust PLC ( LON:DMGT ) is set to be taken private again by its owner Rothermere Continuation if two other bits of corporate reshuffling go ahead. As the latest generation of the Rothermore dynasty expanded to four children by 2004, the Harmsworths had outgrown Terrys first effort and in August 2006, local council records show, obtained planning permission for new east and west wings. 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. Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement Why is Lord Rothermere taking Daily Mail and General Trust private? HSR Annual Reports. In addition, RCL has agreed that DMGT should recommend for approval, in accordance with its existing dividend policy, a final dividend in respect of FY 2021 (the 2021 Proposed Final Dividend). One change he has instituted since becoming chairman is requiring directors to retire at age 75. as of June 24, 2022, is by and among Rothermere Continuation Limited and Harmsworth Trust Company (PTC) Limited (the foregoing [12], Rothermere married Claudia DeVriese, daughter of Terence J. Clemence, on 15 July 1993. On Trust 1 is a Jersey law trust and is a resident that own the majority of the voting equity interests in Rothermere. This has led RCL and the DMGT board to decide to implement a major reorganisation of the group by distributing the value created by the RMS sale and the Cazoo IPO in conjunction with the offer., He added: We believe the terms of our offer to be fair, particularly bearing in mind not only the existing level of debt within DMGT at a time of increasingly difficult market conditions, but also the restrictions imposed on the operation of the business as part of the settlement with the pension trustees.. The second precondition was cleared when the online used car seller Cazoo made its $6bn stock market debut in New York. Euromoney Magazine is launched as a business-to-business magazine focused primarily on the international finance sector. We do not charge or put articles behind a paywall. DMGT acquires Genscape, an energy information business. 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. See Rule 13d-7 for other parties to whom copies are on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint 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. . Mr. Rothermere is Chairman & Chief Executive Officer at Daily Mail & General Trust Plc, Chairman of dmg media Ltd. (a subsidiary of Daily Mail & General Trust Plc) and Executive Chairman for General Trust Plc. 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. on Schedule13G to report the acquisition that is the subject of this Schedule13D, and is filing this schedule because of 240.13d-1(e), One day prior to the announcement of the firm offer, DMGT confirmed that RCL and DMGT were close to agreeing a deal with DMGTs pension scheme trustees, with one of the terms in agreement being a payment of approximately 400m into the schemes. All conditions for 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". Item 7. Read more, The International Consortium of Investigative Journalists, Harmsworth Trust Company (PTC) Limited and Crestbrook Associates (PTC) Limited, each in their capacity as trustees of the Children's Fund, Harmsworth Trust Company (PTC) Limited as trustee of the Main Fund, Harmsworth Trust Company (PTC) Limited as Trustee of The Rothermere Continuation Trust, Canon's Court; 22 Victoria Street; Hamilton; HM 12; Bermuda. The Rothermere family already own just over a third of DMGT and 100% of the company's voting rights. 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. 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. In an article on Lord Rothermere, the Guardian's Roy Greenslade wrote that he "has laboured for years under the impression that Daily Mail editor Paul Dacre is some kind of irreplaceable journalistic genius". The who owns rothermere continuation limited. 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 currently 760,872,476 outstanding shares of Ordinary Shares of the Issuer, based on information received from the Issuer prior to filing.