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20Annual Report 2020 Equiniti Group
EQUINITI GROUP PLC 20ANNUAL REPORT 2020 PURPOSEFULLY DRIVEN | DIGITALLY FOCUSED | FINANCIAL FUTURES FOR ALL Equiniti (EQ) is an international provider of technology and solutions for complex and regulated data and payments, serving blue-chip enterprises and public sector organisations. Our purpose is to care for every customer and simplify each and every transaction. Skilled people and technology-enabled services provide continuity, growth and connectivity for businesses across the world. Designed for those who need them the most, our accessible services are for everyone. Our vision is to help businesses and individuals succeed, creating positive experiences for the millions of people who rely on us for a sustainable future. Our mission is for our people and platforms to connect businesses with markets, engage customers with their investments and allow organisations to grow and transform. 2 Contents Section 01 Strategic Report Headlines 6 COVID-19: Impact And Response 8 About Us 10 Our Business Model 12 Our Technology Platforms 14 Our Markets 16 Our Strategy 18 Our Key Performance Indicators 20 Chairman’s Statement 22 Chief Executive’s Statement 24 Operational Review 26 Financial Review 34 Alternative Performance Measures 40 Environmental, Social and Governance 42 Principal Risks and Uncertainties 51 Viability Statement 56 Section 02 Governance Report Corporate Governance Report 62 Board of Directors 64 Executive Committee 66 Board 68 Audit Committee Report 78 Risk Committee Report 88 Nomination Committee Report 95 Directors' Remuneration -
Interim Results Announcement 2019
BASIS OF PRESENTATION CYBG PLC (the ‘Company’), together with its subsidiary undertakings (which together comprise the ‘Group’), operate under the Clydesdale Bank, Yorkshire Bank, B and Virgin Money brands. It offers a range of banking services for both retail and business customers through retail branches, business banking centres, direct and online channels, and brokers. This release covers the results of the Group for the six months ended 31 March 2019. Statutory basis: Statutory information is set out on pages 43 to 79. The IFRS 9 accounting standard replaced IAS 39 (‘Financial Instruments: Recognition and Measurement’), introducing changes to the classification and measurement of financial instruments and the impairment of financial assets. Virgin Money adopted IFRS 9 on 1 January 2018 and CYBG on 1 October 2018. Pro forma results: On 15 October 2018, the Company acquired all the voting rights in Virgin Money Holdings (UK) plc (Virgin Money) by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006, with the transaction being accounted for as an acquisition of Virgin Money. We believe that it is helpful to also provide additional information which is more readily comparable with the historic results of the combined businesses. Therefore we have also prepared Pro forma results for the Group as if CYBG PLC and Virgin Money had always been a Combined Group, in order to assist in explaining trends in financial performance by showing a full 6 months performance for the Combined Group for both the current period and prior period, as well as a full 12 month performance of the Combined Group for the most recent year end results. -
Enabling Commerce in the World's Most Under Penetrated Payments
Enabling Commerce In The World’s Most Under Penetrated Payments Market Network International Holdings Plc Annual Report and Accounts 2019 Network International Holdings Plc 01 Annual Report and Accounts 2019 We are Network International, the leading payment solutions provider in the Middle East and Africa. Our innovative solutions drive revenue and profitability for our customers. To read our Annual Report online go to www.network.ae Market opportunity Under penetrated payments markets R Read more on page 10 Business model A unique We are enabling and leading the transition from cash proposition to digital payments across the Middle East and Africa, one of the fastest growing payments markets in the world. R Read more on page 14 Strategic Report Governance Financial Statements 2019 Highlights 02 Corporate Governance Report 72 Independent Auditor’s Report 138 Our Industry 04 Board of Directors 74 Consolidated Statement Strategy in action Our Business at a Glance 06 Executive Management Team 76 of Financial Position 144 Chairman’s Statement 08 Audit and Risk Committee Report 88 Consolidated Statement of Profit or Loss 145 Market Overview 10 Nomination Committee Report 100 Market leading Consolidated Statement of Our Track Record 12 Directors’ Remuneration Report 102 other Comprehensive Income 146 Our Business Model 14 Directors’ Report 130 Consolidated Statement technology Chief Executive Officer’s Review 16 Going Concern Statement of Changes in Equity 147 Our Strategic Framework 20 and Viability Statement 136 Group Statement of Cash Flows -
SIXTIETH YEAR No
SIXTIETH YEAR No. 5 VOL. LIX FEBRUARY, 1954 THE PERSONAL REMINISCENCES OF CHOSEN PEOPLE that heepetb Israel Shall neither slumber nor steep.- NE of the most absorbing and revealing books ever published. It Psalm 121:4. o is the autobiography of Joseph Hoffman Cohn, and is entitled "I Have Fought a Good Fight—The Story of Jewish Missionary Pioneering in America." Here is Dr. Cohn's own statement as to how the book came to be written: One day in fellowship, with several members of the Board of Directors, I happened to unravel some of these old-time experiences. They said, "These things you simply must publish as a sort of diary that the world may know a little of what it cost to establish a really worthwhile and dependable Jewish work in America." Since our announcement of the Book in the December issue of THE CHOSEN PEOPLE, we have been deluged with orders. A beloved friend of the Mission for many years, wrote: The Jewish missionary field and the Christian church owe you a sincere vote of thanks ... The great Dr. Neander, church historian, could not have done any better. Another friend of long standing wrote: I read your memoirs with the most intense interest, and I see clearly that the Lord had ... a world-wide field for you, and a world-wide support. Published monthly. October to May of bt as a Have you ordered your copy? The price is only $3.00 postpaid; medium ormksrmaticrn concerning Israel, and the Work of over 300 pages, handsomely bound in cloth. -
Virgin Money UK PLC Full Year 2020 Financial Results Announcement
Virgin Money UK PLC Full Year 2020 Financial Results Announcement BASIS OF PRESENTATION Virgin Money UK PLC (‘Virgin Money’, ‘VMUK’ or ‘the Company’), formerly known as CYBG PLC (‘CYBG’) (the Company was renamed on 30 October 2019), together with its subsidiary undertakings (which together comprise ‘the Group’), operate under the Clydesdale Bank, Yorkshire Bank, B and Virgin Money brands. This results announcement covers the results of the Group for the year ended 30 September 2020. The term ‘Virgin Money’ is used throughout this results announcement either in reference to the Group, or when referring to the acquired business of Virgin Money Holdings (UK) PLC or subsequent integration of the acquired business, within the newly combined Group. Statutory basis Statutory information is set out on page 16 and within the financial statements. Pro forma results: On 15 October 2018, the Company acquired all the voting rights in Virgin Money Holdings (UK) PLC by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006, with the transaction being accounted for as an acquisition of Virgin Money Holdings (UK) PLC. We believe that it is helpful to provide additional information which is more readily comparable with the current year result s of the combined businesses. Therefore we have prepared pro forma comparative results for the Group as if Virgin Money UK PLC and Virgin Money Holdings (UK) PLC had always been a combined group, in order to assist in explaining trends in financial performance. A reconciliation between the results on a comparative pro forma basis and a statutory basis is included on page 17. -
The VT Redlands Portfolios
The VT Redlands Portfolios What are the VT Redlands Portfolios? The VT Redlands Portfolio funds each invest in one of four defined “asset classes” namely the Equity, Multi-Asset, Property and Fixed Income categories. Each fund carries a prescribed Risk Profile on a scale of 1 to 7 – with for example Equity being the highest at a factor 5. Each one is used as a building block in the creation of bespoke risk rated investment portfolios for clients of David Williams IFA. By combining the four VT Redlands funds with other asset classes such as With Profits/ Smoothed Managed and Structured Equity funds, our clients can enjoy the benefits of a very wide level of diversification within their portfolios. This reduces volatility and creates the potential for rewarding rates of return year after year. Each Portfolio fund is constructed as a Fund of Funds providing access to the “best of the best” sector funds from a huge investment universe. The Portfolios are designed to meet their objectives as efficiently as possible whilst keeping costs to a minimum and are run according to a strict risk-control criteria. Typically, 15 to 25 different funds are held in each portfolio, with each one in turn managed by leading investment houses such as Fundsmith, Fidelity and Invesco as well as specialist boutiques including Ruffer, Fulcrum and Somerset. Underlying funds have exposure to a great many shares, bonds and other assets, Therefore, a single investment into one of the Redlands Portfolios gives a spread across a myriad of different holdings, countries and investment styles. -
VIRGIN MONEY UK PLC (Company)
VIRGIN MONEY UK PLC (Company) LEI: 213800ZK9VGCYYR6O495 4 May 2020 Board Succession Plan On 24 January 2020 the Company announced that its Chairman, Jim Pettigrew, had confirmed his intention to retire as Chairman once a successor was found and following an orderly handover. The Company is pleased to announce the appointment of David Bennett as Chairman, following the completion of a thorough search and selection process. David has been Deputy Chairman and a Non-Executive Director of the Company since October 2015 and Senior Independent Director since January 2017. David will become Chair of the Board of Directors and Chair of the Governance and Nomination Committee of the Company on 6 May 2020 following Jim’s retirement as Non-Executive Director and Chairman of the Company on 5 May 2020. Jim will remain available in an advisory capacity to David for a period. Upon becoming Chair of the Board, David will cease to be a member of the Risk Committee and of the Audit Committee. Jim Pettigrew outgoing Chairman said: “Having now established Virgin Money UK PLC as a fully combined business and with a refreshed strategy in place, it is now the right time to let the succession process move forward and for the Board and Company to take the next steps in its evolution under a new Chairman. I am delighted David has been appointed, having so ably served as my Deputy and Senior Independent Director. I know I leave the Board and Company in very capable hands and wish David and the Company every success for the future.” David Duffy, Chief Executive Officer of Virgin Money said: “I am very pleased that someone with David’s extensive banking experience and deep understanding of our business will succeed Jim as Chairman. -
2017 Creative Agencies New Business League
2017 CREATIVE AGENCIES NEW BUSINESS LEAGUE Global / Oct 2017 ESTIMATED ESTIMATED YTD RANK THIS RANK LAST OVERALL YTD No.of AGENCY RECENT WINS WIN REVENUE RECENT LOSSES MONTH MONTH REVENUE Wins (USD $ m) (USD $m) Ulta Beauty US, National 1 1 McCann WorldGroup Geographic US Brand Marketing , 162.3 Office Depot US 151.3 402 Flybe US Kohl's US, Mercedes Benz Service 2 4 BBDO 151.4 Belvedere vodka US 140.6 237 Germany, EA Madden US CFA Institute Global, British 3 2 Ogilvy Airways(Loyalty) US, Mondelez 132.0 American Express US 105.9 326 Cadbury UK & Australia Lafayette 148 US (Digital), Titan 4 5 Isobar Company (Digital) Global, Canon 86.8 Innisfree Malaysia 86.7 337 Thailand Le Monde France, Church's Chicken 5 3 J Walter Thompson US, Qatar Financial Centre Global, 111.6 Kellogg's US 84.0 513 Tunisie Telecom Europe Radox Global, Sol Beer US, ConAgra 6 6 DDB US, Miller Lite US, Center Parcs 95.2 Electrolux Global 73.2 273 Europe Liberty Mutual US, PepsiCo US, NFL 7 9 GS&P Network US Project, Gradifi US 87.7 Princess Cruises US 72.3 4 Project McDelivery Global, McDonald's UK, 8 11 Leo Burnett 68.1 Coty (Max Factor) Global 54.4 236 Kellogg's US, Serta Mattresses US The Hershey Company US, Carnival 9 7 Anomaly Cruises US, Electrolux Global, Coca- 57.0 Diesel Global 53.5 11 Cola Minute Maid US 10 8 WPP(Team WBA) Walgreens Boots Alliance US 50.0 50.0 1 Peroni Nastro Azzurro UK, Mattress 11 10 Droga5 47.0 Air Wick, Clearasil Global 37.0 12 Firm US, Tencent Gaming US Whole Foods Market US, Nuveen 12 12 MullenLowe Group 43.3 Cash Converters Australia -
Life After Lockdown
www.whatinvestment.co.uk Issue 460 | July 2021 | £4.50 LIFE AFTER LOCKDOWN A growing concern Are you switched on? A high stakes game Investing in trees could How artifi cial intelligence Peter Elston on why be the antidote to some of is transforming life as infl ation is far more Earth’s biggest challenges we know it complex than it appears Pages 34-35 Pages 50-52 Page 82 001_WI_0721.indd 1 17/06/2021 10:42 ad template.indd 1 17/06/2021 12:02 First word 3 July 2021 On life and investing www.whatinvestment.co.uk Issue 460 | July 2021 | £4.50 LIFE AFTER LOCKDOWN after the pandemic A growing concern Are you switched on? A high stakes game Investing in trees could How artificial intelligence Peter Elston on why be the antidote to some of is transforming life as inflation is far more Earth’s biggest challenges we know it complex than it appears Pages 34-35 Pages 50-52 Page 82 elcome to the July issue As you will learn in this month’s Editorial of What Investment, which issue, some investment trust Editor-in-chief comes at a time when it managers believe there will be a Lawrence Gosling 020 7250 7027 W [email protected] looks like the economy is on the very strong recovery, particularly verge of opening up for the fi rst in areas like consumer spending, Subscriptions Lara Rossett 020 7250 7011 time since March of last year. housebuilding and specialist [email protected] How we view this situation industrial businesses; others don’t Advertising depends largely on what kind of Lawrence Gosling think things will be so simple. -
Chrysalis Investments Limited
THIS PROSPECTUS IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to what action you should take you are recommended to seek your own financial advice immediately from your stockbroker, bank, solicitor, accountant or other independent financial adviser who is authorised under the Financial Services and Markets Act 2000 (the “FSMA”) if you are in the United Kingdom, or from another appropriately authorised independent financial adviser if you are in a territory outside the United Kingdom. This Prospectus comprises a prospectus relating to Chrysalis Investments Limited (the “Company”) in connection with the issue of Shares, prepared in accordance with the Prospectus Regulation Rules of the Financial Conduct Authority made pursuant to section 73A of the FSMA. This Prospectus has been approved by the Financial Conduct Authority for the purposes of the UK version of Regulation (EU) 2017/1129 (the “EU Prospectus Regulation”) which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”). The Financial Conduct Authority only approves this Prospectus, as the competent authority under the Prospectus Regulation Rules, as meeting the standards of completeness, comprehensibility and consistency imposed by the UK Prospectus Regulation. Such approval should not be considered as an endorsement of the Company that is the subject of this Prospectus or of the quality of the Shares. This Prospectus has been drawn up and published in accordance with the UK Prospectus Regulation. Investors should make their own assessment as to the suitability of investing in the Shares. The Shares are only suitable for investors: (i) who understand and are willing to assume the potential risks of capital loss and that there may be limited liquidity in the underlying investments of the Company; (ii) for whom an investment in the Shares is part of a diversified investment programme; and (iii) who fully understand and are willing to assume the risks involved in such an investment. -
FTSE Russell Publications
2 FTSE Russell Publications 19 August 2021 FTSE 250 Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 3i Infrastructure 0.43 UNITED Bytes Technology Group 0.23 UNITED Edinburgh Investment Trust 0.25 UNITED KINGDOM KINGDOM KINGDOM 4imprint Group 0.18 UNITED C&C Group 0.23 UNITED Edinburgh Worldwide Inv Tst 0.35 UNITED KINGDOM KINGDOM KINGDOM 888 Holdings 0.25 UNITED Cairn Energy 0.17 UNITED Electrocomponents 1.18 UNITED KINGDOM KINGDOM KINGDOM Aberforth Smaller Companies Tst 0.33 UNITED Caledonia Investments 0.25 UNITED Elementis 0.21 UNITED KINGDOM KINGDOM KINGDOM Aggreko 0.51 UNITED Capita 0.15 UNITED Energean 0.21 UNITED KINGDOM KINGDOM KINGDOM Airtel Africa 0.19 UNITED Capital & Counties Properties 0.29 UNITED Essentra 0.23 UNITED KINGDOM KINGDOM KINGDOM AJ Bell 0.31 UNITED Carnival 0.54 UNITED Euromoney Institutional Investor 0.26 UNITED KINGDOM KINGDOM KINGDOM Alliance Trust 0.77 UNITED Centamin 0.27 UNITED European Opportunities Trust 0.19 UNITED KINGDOM KINGDOM KINGDOM Allianz Technology Trust 0.31 UNITED Centrica 0.74 UNITED F&C Investment Trust 1.1 UNITED KINGDOM KINGDOM KINGDOM AO World 0.18 UNITED Chemring Group 0.2 UNITED FDM Group Holdings 0.21 UNITED KINGDOM KINGDOM KINGDOM Apax Global Alpha 0.17 UNITED Chrysalis Investments 0.33 UNITED Ferrexpo 0.3 UNITED KINGDOM KINGDOM KINGDOM Ascential 0.4 UNITED Cineworld Group 0.19 UNITED Fidelity China Special Situations 0.35 UNITED KINGDOM KINGDOM KINGDOM Ashmore -
FTSE Factsheet
FTSE COMPANY REPORT Share price analysis relative to sector and index performance BB Healthcare Trust BBH Closed End Investments — GBP 2.01 at close 16 April 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 21-Apr-2015 1D WTD MTD YTD Absolute - - - - Rel.Sector - - - - Rel.Market - - - - VALUATION Data unavailable Trailing PE 6.0 EV/EBITDA 5.4 PB 1.1 PCF -ve Div Yield 2.6 Price/Sales 5.7 Net Debt/Equity 0.0 Div Payout 15.4 ROE 21.6 DESCRIPTION Data unavailable The Company is a closed-ended investment company which to invest in a concentrated portfolio of listed or quoted equities in the global healthcare industry. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: BB Healthcare Trust 16 April 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Mar-2021 31-Mar-2021 31-Mar-2021 25 25 1.5 1.4 20 20 +1SD 1.3 +1SD +1SD 1.2 Avg 15 15 1.1 Avg Avg -1SD 1 10 10 0.9 -1SD -1SD 5 5 0.8 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Murray International Trust (Ord) 120.0 Murray International Trust (Ord) 100.0 CVC Credit Partners European Opportunities (GBP) 2.3 European Opportunities Trust 120.0 European Opportunities Trust 100.0 Hipgnosis Songs Fund 2.2 Law Debenture Corp 120.0 Law Debenture Corp 100.0 Pacific Horizon Investment Trust 2.0 HICL Infrastructure 64.6 HICL Infrastructure 64.5 Scottish