Euromoney Magazine is launched as a business-to-business magazine focused primarily on the international finance sector. [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. The ICIJ Offshore Leaks Database is licensed under the Open Database License and contents under Creative Commons Attribution-ShareAlike license. They wrote: Back in 1999 the young chairman of the Daily Mail and General Trust, the 4th Viscount Rothermere, aka Jonathan Harmsworth, bought a 220-acre estate called Ferne Park as home for his family, then comprising wife Claudia and two children under six. He has non-domicile (non-dom) tax status and owns his media businesses through a complex structure of offshore holdings and trusts.[4]. I am a private investor* I am not a private investor I am not a private investor in Jersey. See Rule 13d-7 for other parties to whom copies are ", "Private Eye Street of Shame: Rothermere's patriot games", "The end of the affair: Dacre moves towards Cameron", "Barclay brothers named richest media figures in UK with 2.3bn fortune", "BBC: David Cameron tried to get Paul Dacre sacked as Daily Mail editor because of his Eurosceptic stance", "David Cameron 'asked Daily Mail owner to sack Paul Dacre over Brexit', contributions in Parliament by the Viscount Harmsworth, https://en.wikipedia.org/w/index.php?title=Jonathan_Harmsworth,_4th_Viscount_Rothermere&oldid=1138827522, Vere Richard Jonathan Harold (b. November 1994), Eleanor Patricia Margaret (b. November 1996), This page was last edited on 11 February 2023, at 21:23. Lord Rothermere to take charge of DMGT as CEO steps down The reporting person is the beneficial owner of 1,437,250 shares of the Issuers Ordinary Shares (as 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. 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. In evidence to the Leveson Inquiry into press culture, practice and ethics, he stated his role was not to "operationally manage" the company. What has happened to the once-great British Airways? matters. executive offices at 41 Chalton Street, London, NW1 1JD, United Kingdom. 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.. be terminated by any of the Filers upon one weeks prior written notice or such lesser period of notice as the Filers may mutually SEC.gov | HOME 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. DMGT was founded by Harold Sidney Harmsworth, the first Viscount Rothermere, in 1922. conjunction with Rothermeres offer to the other DMGT shareholders for the shares in DMGT not already beneficially owned by We do not charge or put articles behind a paywall. Our appraised valuation estimate of only the largest businesses within DMGT materially exceeds double the current offer price of 255p. Rothermere pushes through Daily Mail purchase as | Morningstar 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. | March 3, 2023 Lord Rothermere finalises deal to take DMGT private - Press Gazette One change he has instituted since becoming chairman is requiring directors to retire at age 75. the laws of Jersey; and. Lord Rothermere agrees deal to take Daily Mail owner private 1). 1 Level of acceptances and interests in relevant securities. 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. DMGT is 100% owned by Rothermere Continuation Limited (RCL) RCL has always owned the majority of DMGT's voting shares and, following a successful offer by RCL for all of the shares it did not already own, DMGT delisted from the London Stock Exchange in January 2022. Rothermere is currently negotiating a new finance facility with one of Item 3. 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 . 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. The Special Dividend was declared by DMGT in There are legitimate uses for offshore companies and trusts. DMGT acquires New Scientist, one of the worlds leading science publishing titles. HSR Early Termination Notices API Endpoint. Jonathan Harmsworth, 4th Viscount Rothermere - Wikipedia Trust 2 is a British Virgin Islands law trust 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. Viscount Rothermere is also on the board of 7 other companies. (as defined below) which constitute approximately 5.9% of the class outstanding. 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. We only ask you to donate what you can afford, with an option to cancel your subscription at any point. DMGT owns a 17% stake in Cazoo, worth about 1bn (745m). i' s 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. The main asset of RCL is its holding of DMGT Ordinary Shares. The potential deal would place the Daily Mail and its sister titles squarely in the hands of. Lord Rothermere is also the fourth member of his family to become executive chairman of the group. who owns rothermere continuation limited. Material to Be Filed as Exhibits Item 7 of the Schedule 13D is amended and supplemented as follows: 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. ROTHERMERE CONTINUATION LIMITED | ICIJ Offshore Leaks Database the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 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. The. 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). Private Eye also reported on Rothermeres purchase of a 220-acre estate for his family. position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. 1998 Metro Metro is launched as a free newspaper serving urban markets across the UK. The Mail on Sunday is launched as a sister title to the Daily Mail. The Trust Company is a special purpose entity, the principal business of which is the management of He said he would usually "refer them back to Paul Dacre" but would sometimes raise an issue with the editor if a complaint appeared to have "merit". Item 6. Lord Rothermere ups offer to take Mail, Metro and i publisher DMGT private By Charlotte Tobitt Lord Rothermere has increased his offer to take DMGT private after some investors felt he was. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. In a stock market announcement on Monday, the group said Rothermeres Jersey-registered holding company Rothermere Continuation Ltd (RCL) was considering a bid of 251p a share, valuing the group at about 810m. Including the Special Dividend and the 2021 Proposed Final Dividend, the Offer values DMGT at about 3.1 billion. . Some information may have changed over time. The Reporting Persons intend to review on a continuing basis their investments On 2 December 2021, Rothermere Continuation Limited ("RCL") and the Non-conflicted DMGT Directors announced the terms of a recommended increased and final cash offer for all of the issued and to be issued DMGT A Shares not already owned by RCL (the "Final Offer"). In each case, 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. defined below) which constitute approximately .2% of the class outstanding. business of which is being the holding company of Daily Mail and General Trust plc (DMGT), a media and entertainment There are legitimate uses for offshore companies and trusts. FB Roundup: Daily Mail and General Trust, Ali Group, L Catterton BROWSE PEOPLE DIRECTORY People Search Read about our approach to external linking. Free trials are only available to individuals based in the UK. Source and Amount of Funds or Other DMGT sells its remaining stake in the company. The Special Dividend comprises cash and the shares DMGT owns in NYSE-listed Cazoo Group Limited. The Daily Mail was first. Rothermere Continuation Trust (Trust 2), a discretionary trust organized under the laws of Rothermere is the legal owner of most 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. the offer was conditional on a sufficient number of acceptances having been received from DMGT Entity: ROTHERMERE CONTINUATION LIMITED Registered in: Bermuda Linked countries: Bermuda Agent: Appleby Search in: Appleby data is current through 2014 read more Incorporated: 01-APR-2013 Connections: Linkurious and Neo4j Officer (14) Intermediary (1) Address (2) Explore more from Paradise Papers Appleby The power players DMGT acquires Genscape, an energy information business. Cazoo is aiming to list on the New York stock exchange this year, with DMGTs 16% stake worth about 800m at its current 5bn valuation. 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. Who owns Rothermere Continuation? The Third Viscount Rothermere, Vere Harmsworth, appointed DMGT Chairman. is required pursuant to Items 2(d) or 2(e): o, Aggregate Amount Beneficially Owned 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%. The Offer was announced on 3 November 2021, and it is expected to become or be declared unconditional on 16 December 2021. What I think will be embarrassing for the Mails Editor is the Mail is owned by the Rothermere family. Rothermere Continuation Limited Acceptance level update DMGT said it has received a number of inquiries for RMS, which it bought in 1998. 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. 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 . Daily Mail and General Trust has been reorganising the business through disposals and targeted acquisitions. 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". Slaughter and May is advising Daily Mail and General Trust plc (DMGT) on the reorganisation of DMGT, which comprises a cash offer by Rothermere Continuation Limited (RCL) for all the non-voting shares in DMGT (DMGT A Shares) not already owned by RCL (the Offer), and a proposed special distribution to all shareholders of DMGT (the Special Dividend). (Alliance News) - Rothemere Continuation Ltd is close to inking a deal with trustees of Daily Mail & General Trust PLC, which marks the final obstacle to the company's takeover of the London-based . 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. DMGT shareholders on June 23, 2022 (the cash element of the Special Dividend having been If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism. The Reporting Persons reserve the right, based on all relevant factors and subject to applicable law or other restrictions, at 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 LIMITED Company Number EXTUID_22647 Native Company Number 41260 Status Live Incorporation Date 7 July 1988 (over 34 years ago) Company Type RC - Registered Private Company Jurisdiction Jersey Registered Address 35-37 New Street St Helier Jersey JE2 3RA Jersey Previous Names BLACKSEA HOLDINGS LIMITED HSR Resources. Shares, par value $0.0001 of Cazoo Group Ltd. beneficially owned by them from time to time. Ten of Scotland's major newspapers are owned by just three men: Rupert Murdoch, Lord Rothermere and Frederick Barclay. ROTHERMERE CONTINUATION LTD SC 13D Filing Concerning CZOO on 2022-06-14 until the third annual meeting of shareholders following the closing of a corporate transaction Rothermere Continuation Ltd is the vehicle of DMGT's biggest shareholder Jonathan Harmsworth, Viscount. 2 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". in the Issuer. Who is the Daily Mail owned by? |Knowitsdifference.com Rothermere family could take the Daily Mail private - CNN the increased offer were satisfied in due course, including the declaration of the Special Dividend, Lord Rothermere is considering taking the Daily Mail private in a deal that could value the newspaper group at 810m, a move that would end a 90-year run as a publicly listed company on the London Stock Exchange. DMGT acquires Hobsons, a UK-based B2B publishing business. the Ordinary Shares referred to in Item 3 as a result of the Special Dividend and hold the Ordinary Shares for investment purposes. Rothermere readies 810m bid to take Daily Mail owner private the Control Persons), are: Trust 1 is a Control Person with respect to The Trust HSR Annual Reports. After reasonable inquiry and to Harmsworth ran the businesses with sufficient skill that they remain firmly under family control today, majority ownership being voted by his grandson, Jonathan Harmsworth, 4th Viscount Rothermere (and a significant minority by Vyvyan Harmsworth, the 2nd Viscount's son by his third marriage). Fourth-generation principal Jonathan Harmsworth (pictured), 54, is the 4th Viscount Rothermere, chairman of the DMGT and the holder of a 36% stake in the trust. Lord Rothermere agrees deal to take Daily Mail owner private - Yahoo! All Rights Reserved. Daily Mail owner DMGT close to 400m pension deal

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