While discussions are ongoing and there can be no certainty that a transaction will result . 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. [7], He ranked fourth in the Publishing, Advertising, and PR section of The Sunday Times Rich List of 2013 with an estimated wealth of 720 million. Person and, collectively, the Reporting Persons): Rothermere Continuation Limited (Rothermere), a private limited company organized under The third precondition was reaching agreement with DMGTs pension trustees which has resulted in a 412m payment into its three main schemes. General Register Office of England and Wales, Marriages, September quarter 1993, Westminster, Vol 15, page 1798. Read about our approach to external linking. When 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. The offer represents a 21.5% premium to the closing price of DMGT shares on 9 July 2021 (the last business day prior to announcement of the possible offer). See 2(a) and 3 below (c) Name of offeror/offeree in relation to whose relevant securities this form relates: During the last five years, none of the Reporting Persons or the Scheduled Persons has been convicted In accordance with the provisions of General Instruction C to Schedule 13D, Khans letter to Patel claiming report into Cressida Dicks departure is clearly biased, Race report: I feel like my experiences have been erased and my hardships minimised, Action needed to stop billionaires plundering the planet placing us all in ever graver peril, Shapps would rather have food shortages than EU drivers, Nothing left to cut back on: Disabled uni graduate choosing between eating or heating, Music Recommendations: Assembling your Perfect Rec-ing Crew, Tory Councillor suspended for sharing racist joke on social media, Dozens of flights affected after air traffic control problem at Gatwick Airport, His confidence is through the roof Ex Liverpool man on Everton star, Group abuse people having picnic in park during far-right demonstrations. SEC.gov | HOME Rothermere Continuation Limited (RCL) announced, 22 September, that it had decided to make changes to the composition of the DMGT Board. Founding family of UK's Daily Mail mulls taking it private - Yahoo! 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. are collectively referred to herein as the Filers). 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. DMGT said it has received a number of inquiries for RMS, which it bought in 1998. It is also seeking assurances that the groups pension schemes will not be affected by the takeover. The Special Dividend comprises cash and the shares DMGT owns in NYSE-listed Cazoo Group Limited. 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. Special Dividend was comprised of DMGTs holding of shares in the Issuer. 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. 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). Daily Mail owner close to deal with pension trustees over Rothermere offer The percentage calculation assumes that there are 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. Rothermere Family in Talks to Take Daily Mail Private dmg ventures established to manage DMGTs minority and early-stage investments. Rothermere Continuation Limited (RCL) offers to acquire all of the DMGT shares that it does not already own. 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. DMGT has issued a bond that is owned by fixed income investors. Euromoney Magazine is launched as a business-to-business magazine focused primarily on the international finance sector. 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. [11], Lord Rothermere chairs the Imperial War Museum foundation, following the tradition set by his great grandfather, the first Viscount. HSR Resources. Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement Story . What's the least amount of exercise we can get away with? We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Lord Rothermere agrees deal to take Daily Mail owner private Acceptance level update. 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. The Rothermere family already own just over a third of DMGT and 100% of the company's voting rights. out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent include a signed original and five copies of the schedule, including all exhibits. Consideration: Beneficial ownership Why is Lord Rothermere taking Daily Mail and General Trust private In accordance with the provisions of General Instruction was conditional on the increased offer becoming or being declared unconditional. Source and Amount of Funds or Other 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. taking the firm private after 89 years on the London Stock Exchange, 'How bad are the pics? Daily Mail & General Trust chairs family would buy about 70% of group that it does not already own. The Daily Mail was first. During the last five years, none of the Reporting Persons or the Scheduled Persons has been a party to Lord Rothermere agrees deal to take Daily Mail owner private - Yahoo! The reporting person is the beneficial owner of 44,898,183 shares of the Issuers Ordinary Shares On 3 November 2021, Daily Mail and General Trust plc (DMGT), which owns Daily Mail, Mail on Sunday, the Metro and inews, announced that 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 Why is Lord Rothermere taking Daily Mail and General Trust private? The Reporting Persons acquired RCL owns around. digitGaps report on Rothermere Continuation Limited delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in local market and global economy. a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject DMGT distributes its c.49% stake in Euromoney Institutional Investor PLC and 200m cash to shareholders. Daily Mail and General Trust plc (DMGT) 23-Jul-2021 / 15:23 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. Boris Johnson weighs offers for his return to journalism, Daily Mail out to stop traitor Sunak as Tory rivals vie for press backing, Nils Pratley on the plans to take Daily Mail news group private, bought the New Scientist magazine in a 70m deal in March. 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. Well, Daily Mailproprietor Lord Rothermere is also a famous exponent of non-dom tax rules. 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. The percentage calculation assumes that there are currently [12], Rothermere married Claudia DeVriese, daughter of Terence J. Clemence, on 15 July 1993. The Rothermeres Jersey-registered holding company Rothermere Continuation Ltd (RCL) initially proposed a 251p offer in July for the 64% of DMGT it did not already control, provided a number of preconditions were met. This Joint Filing Agreement may In August, DMGT completed the first of the preconditions, selling the insurance risk business RMS to the credit rating agency Moodys for 1.4bn. Rothermere Continuation Ltd is the vehicle of DMGT's biggest shareholder Jonathan Harmsworth, Viscount. Daily Mail owner DMGT close to 400m pension deal [13] They have five children:[citation needed], In 2002, The Guardian reported that Rothermere had fathered at least one more child prior to his marriage. and is a resident in Jersey. shareholders of DMGT for which a date of distribution of the share element of the dividend was determined and communicated on June [10] A representative of Lord Rothermere refused to confirm or deny the story, although a spokesman for Cameron confirmed that he had tried to persuade both Dacre and Rothermere over the vote. Lord Rothermere acquired France as his "domicile of birth" upon his birth as his father acquired a French "domicile of choice" by becoming a tax exile in Paris. According to the takeover documentation, the reduced cash payable under the special dividend in the firm offer is due to shareholders being offered a greater number of Cazoo shares and the additional contributions that will be made to DMGT pension schemes. by Each Reporting Person, Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o, Percent of Class Represented by Amount The Rothermere family is putting up 255p a share for the publisher, valuing it at 850m. RCL said the decision comes after "the . Last month, the family's Jersey-registered holding company, Rothermere Continuation Ltd (RCL), announced that it was considering a 251p-a-share bid to buy DMGT, which also owns the Metro and i .