DOCSLIB.ORG

Active Ownership Report: 2020 Danske Bank Asset Management January 2021 Active Ownership Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Active Ownership Report: 2020 Danske Bank Asset Management January 2021 Active Ownership Report Active Ownership Report: 2020 Danske Bank Asset Management January 2021 Active Ownership Report When customers entrust us with their assets and savings, it is our duty to serve their interests by providing investment solutions with the goal to deliver competitive and long-term performance. Our firm commitment to Responsible Investment is an integral part of this duty. It is about making better-informed investment decisions – addressing issues of risk, problems, and dilemmas, and influencing portfolio companies through active ownership to contribute to a positive outcome. Active ownership – through direct dialogue, collaborative engagement and voting at the annual general meetings – is an important part of our ability to create long-term value to the companies we invest in and to our customers. We believe it is more responsible to address material sustainability matters as investors rather than refraining from investing when issues of concern arise, leaving the problem to someone else to solve. Our portfolio managers are the change agents who can impact companies to manage risks and opportunities. The aim of our Active Ownership Report covering three parts ‘Engagements’, ‘Collaborative Engagements’ and ‘Voting’ is to provide our customers and stakeholders with regular updates on our progress and results. The three parts of the report Part 1: Engagements Part 2: Voting Part 3: Collaborative Engagements 2 Where to get additional information Sustainable Investment Policy Our Sustainable Investment Journey click here click here Active Ownership Instruction Active Ownership Stories click here click here Voting Guidelines Proxy Voting Dashboard click here click here 3 Active Ownership Report, Part 1 Engagements This presentation is intended to be used as marketing material as defined by the European Directive 2014/65/EU dated 15 May 2014 (MiFID II) in Austria, Belgium, Denmark, Finland, France, Germany, Luxembourg, the Netherlands, Norway, Sweden, Switzerland and the United Kingdom. Engagements introduction We believe that fund-manager-driven dialogue with companies is the most effective as the investment teams are the experts of their respective strategies and portfolios, and tasked with the buy/sell decision. Our investment teams engage on a regular basis with companies on material sustainability matters to understand their risks and opportunities, and to support their growth and development. We log and monitor company dialogue and progress to ensure a structured engagement process. 5 In 2020, we have had the following engagement activities Companies 525 Country domiciles 42 ESG engagement topics 103 Interactions 845 6 Companies 525 Top 10 industries most engaged with Number of companies per industry (Sector in bracket) Banks (Financial) 52 Food (Consumer, Non-cyclical) 28 Real Estate (Financial) 26 Healthcare-Products (Consumer, Non-cyclical) 24 Commercial Services (Consumer, Non-cyclical) 21 Software (Technology) 20 Telecommunications (Communications) 19 Electric (Utilities) 19 Transportation (Industrial) 18 Chemicals (Basic Materials) 17 Note 1: The Bloomberg Industry Classification Systems (BICS) is used for sector classification Note 2: Eight companies lack BICS data 7 Country domiciles 42 Engagement with companies domiciled across the world 8 ESG engagements topics 103 Split between ESG engagement themes E S G Governance 31% Environmental 41% Social 28% 9 ESG engagements topics 103 Split between ESG engagement themes across regions E S G 32% 44% 24% Nordics 27% 36% 37% 35% Rest of the world 52% 28% 40% 13% Eastern Europe 32% Western & Southern Europe 10 ESG engagements topics 103 ESG engagements topics discussed E S G Anti-Trust Issues & Competitive Behaviour Responsible Drinking M&A Physical Impacts Of Climate Change Profit Warning Sustainable Products Palm Oil Production PPI Claims Sustainable Shipping Financial Accessibility Data Security Materials Sourcing & Efficiency Energy Transformation SDGs Executive Compensation Agriculture AML Issues & Handling GHG Emissions Share Buybacks Access & Affordability Sustainability Strategy Digitalisation Environmental Incidents Overboarding Labour Standards/PracticesCompliance Procedures Energy Consumption Employee Retention Regulatory Compliance Board Compensation Animal Welfare Corporate purpose Restructuring SDGs Future Fit Dividends Selling Practices & Product Labelling Indigenous Rights Data Privacy EU Taxonomy Critical Incident Risk Management Environmental Issues Business Ethics Plastic/Recycling Products Bond redemption Personnel Turnover Waste & Hazardous Materials Management Corporate Behaviour Product Quality & Safety Restructuring Sustainability Certificates International Norms & Principals Product Design & Lifecycle Management Sustainability Integration & Reporting Automation Decent Work & Economic Growth Air Quality Sustainability Targets Ecological Impacts Capital Structure Supply Chain Management Corporate Governance Circular Economy ESG Integration Resource Efficiency Research & Development Water & Wastewater Management Regulations Customer Education Environmental Supply Chain Systemic Risk Management Product Development Sustainability Ratings Environmental Regulation Technology Disruption Customer Welfare Board Leadership Energy Management Ownership Structure Employee Engagement, Diversity & Inclusion Sustainable Transports Impact Investment Biodiversity Board Composition Business Model Resilience Impact Of Tax Regulation ESG Issues In Fish Farming Political Risk Circular Economy Quality Management Food Safety Incentive Programs Digitalisation Customer Privacy Anti-Corruption Issues & Handling Management Of The Legal & Regulatory Environment Green Financing Employee Health & Safety Executive Composition Climate Neutrality SDGs Competence Energy Efficiency Corporate Disclosure Automation Sanctions Human Rights & Community Relations Accounting Green Buildings 11 ESG engagements topics 103 Top 7 ESG engagement topics discussed across themes E S G E S G Rank Topic Count Rank Topic Count Rank Topic Count Employee Health & 11 GHG Emissions 128 11 88 11 Dividends 68 Safety 22 Energy Efficiency 72 22 Access & Affordability 56 22 Capital Structure 66 Business Model 33 Energy Transformation 71 33 53 33 M&A 57 Resilience 44 Circular Economy 63 4 Customer Welfare 46 44 ESG Integration 56 Supply Chain 55 Green Financing 56 5 42 55 Restructuring 32 Management Product Quality & Sustainability Integration 66 Sustainable Products 42 6 37 66 31 Safety & Reporting Product Design & 77 Digitalisation 36 7 37 77 Business Ethics 24 Lifecycle Management 12 ESG engagements topics 103 Most frequent ESG engagement topics discussed E S G 128 88 71 72 66 66 68 68 57 53 56 56 56 Business Model Green Access & ESG Integration M&A Capital Circular Dividends Digitalisation Energy Energy Employee GHG Emissions Resilience Financing Affordability Structure Economy Transformation Efficiency Health & Safety 13 Interactions 845 Top 10 and interactions distribution across Nordic countries & regions Rank Country Count 1 Sweden 178 2 Norway 118 3 Denmark 71 4 United States 60 5 Germany 50 49 6 United Kingdom 49 118 7 Finland 49 8 Russia 48 178 Region Count 9 Switzerland 35 Nordics 423 Western & Southern Europe 262 10 Netherlands 32 71 Rest of the world 103 Eastern Europe 57 14 Interactions 845 Most commonly addressed ESG engagement topics across geography Ownership Structure Employee Health ESG Issues In Dividends & Safety Fish Farming Energy Efficiency Capital Dividends Structure GHG Emissions GHG Emissions Capital ESG Integration Structure GHG Energy Dividends Emissions Efficiency GHG Emissions GHG Emissions Circular Employee Health Economy & Safety M&A Employee Health & Safety Capital GHG Emissions Structure Management Of The Legal & Regulatory Environment Energy Transformation 15 Interactions 845 Company interactions by meeting type and participants Share of meeting types Share of meetings by participants 34,4% With other investors 48% 23,9% 18,5% One-to- one 12,1% 52% 4,4% 3,9% 1,5% 1,3% CEO IR CFO Other Executive Vice Corporate Treasury Board of President Sustainability directors 16 Top 3 ESG engagement topics GHG Emissions is the 1st most common Sector: Utilities topic for our portfolio “Discussion about decreasing dependence on managers to engage coal and lowering CO2 emissions.” with companies on. 128 Sector: Industrial engagements among the total of “Company’s target to reduce GHG emissions.” 845 Sector: Basic Materials GHG Emissions “Discussed about company’s CO2 footprint are emissions into earth’s reductions through procurement of renewable atmosphere of any type of energy and process optimization including various gases contributing energy efficiency investments.” to the greenhouse effect. GHG Emissions addressed 17 Top 3 ESG engagement topics Employee Health & Safety is the 2nd most common Sector: Consumer, Non-cyclical topic for our portfolio “Company’s actions to protect employees managers to engage during Covid-19.” with companies on. 88 Sector: Basic Materials engagements among the total of “Discussed about employee safety, operational safety and preparedness related 845 to Covid-19.” Employee Health & Safety Sector: Consumer, Cyclical focuses on creating and maintaining safe and healthy “Safety for workers in connection to workplace environment that is production start up after Covid-19.” free of accidents, injuries, Employee Health & Safety addressed fatalities, and illness. 18 Top 3 ESG engagement topics Energy Efficiency is the 3rd most common Sector: Consumer, Cyclical topic for
Load more

Recommended publications
  • Competitive Analysis & Two-Firm Comparison Paper Carlsberg Group
    Competitive Analysis & Two-Firm Comparison Paper Carlsberg Group | Sapporo Holdings Brandon Altman Professor Geraldine Wu International Studies Program: Europe Spring 2019 Word Count: 2393 – Excluding Titles 2 Table of Contents Part 1: Industry Analysis Pg. 3 Part 2: Firm Analysis Pg. 6 Part 3: Location Matters Pg. 9 References Pg. 12 ___________ Competitive Analysis & Two-Firm Comparison Paper 3 Part 1 Industry Analysis ______________________________________________________________________________ Competitive Analysis & Two-Firm Comparison Paper 4 Nature of Danish Beer Industry: The Danish beer market has proven to be an extremely attractive industry, as evidenced by the shocking increase in beer-firm numbers over the past two decades. According to Draft Mag, “at the end of the 20th century, Denmark had around a dozen breweries to its name, most conspicuously Carlsberg, one of the world’s largest brewers of industrial lager. A decade into the 21st century, the nation boasted almost 150 breweries.” This microbrewery boom brought in a large variety of craft beers that have tended to do especially well given that “the notoriously unstable Danish weather [caused] an increase in sales of craft beer due to people being driven away from the beaches and into bars or their own homes, where the consumption of craft and specialty beers is higher” (Euromonitor). On a competitive level, Denmark is a somewhat difficult market to compete in on a large scale. As stated by Euromonitor, “beer in Denmark continued to be highly consolidated with the two
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Hathway Cable and Datacom Limited
    Date: April 20, 2021 To To The Listing Department The Corporate Relationship Department The National Stock Exchange of India Limited BSE Limited Plot No. C/1, G Block P.J. Towers, 1st Floor, Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai – 400 001 Mumbai 400 051 Script Code No. 533162 Symbol: HATHWAY Ref.: Composite Scheme of Amalgamation and Arrangement between the Company, Den Networks Limited, Network18 Media & Investments Limited, TV18 Broadcast Limited, Media18 Distribution Services Limited, Web18 Digital Services Limited and Digital18 Media Limited and their respective shareholders and creditors (“Scheme”) Dear Sirs, This has reference to the captioned Composite Scheme approved by the Board of Directors on February 17, 2020. The shareholders are aware that the Scheme was filed with both BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) for their no-objection letter. The Company had also disclosed in its quarterly financial results for the quarter ended September 30, 2020, that the stock exchanges had returned the Scheme stating that the Company may apply to the stock exchanges once the Scheme is in compliance with SEBI circulars / SEBI Regulations. This pertained to the compliance by the Company and Den Networks Limited of the Minimum Public Shareholding requirement. Considering that more than a year has passed from the time the Board considered the Scheme, the Board of the Company has decided not to proceed with the arrangement envisaged in the Scheme. This is for your information and records. Thanking you, FOR HATHWAY CABLE AND DATACOM LIMITED AJAY SINGH Head Corporate Legal, Company Secretary and Chief Compliance Officer FCS: 5189 Hathway Cable and Datacom Limited 805/806, “Windsor”, Off C.S.T.
    [Show full text]
  • Annual Report 2017
    Annual Report 2017 Royal Unibrew A/S CVR no. 41 95 67 12 Contents MANAGEMENT REPORT | SIGNATURES | CONSOLIDATED FINANCIAL STATEMENTS | PARENT COMPANY FINANCIAL STATEMENTS | OTHER INFORMATION ROYAL UNIBREW ANNUAL REPORT 2017 CONTENTS MANAGEMENT REPORT 2 Contents Royal Unibrew at a Glance Corporate Social Responsibility CEO Letter: Efficient Royal Unibrew in brief 4 Corporate Social Responsibility 50 strategy execution delivers Results for 2017 and Outlook for 2018 5 continued progress Financial Highlights and Ratios 6 Management's Statement and Auditor's Report Page 7 CEO Letter: Efficient strategy execution Management's Statement on delivers continued progress 7 the Annual Report 61 Independent Auditor's Report 62 Strategy and targets Strategy 10 Consolidated Financial Statements Market outlook 11 Income Statement 66 Royal Unibrew and consumers 12 Statement of Comprehensive Income 66 Strategy Royal Unibrew and innovation 13 Balance Sheet 67 Page 9 Craft and specialty beer at Royal Unibrew 14 Cash Flow Statement 68 Terme di Crodo and LemonSoda 15 Statement of Changes in Equity 69 Royal Unibrew and efficiency 16 Contents of Notes 71 Financial targets, capital structure and distribution policy 17 Parent Company Financial Statements Outlook for 2018 18 Income Statement 102 Statement of Comprehensive Income 102 Performance Balance Sheet 103 Financial Review 21 Cash Flow Statement 104 Western Europe 25 Statement of Changes in Equity 105 Italy: Aquisition of Baltic Sea 28 Contents of Notes 107 LemonSoda Malt and Exports 31 from Gruppo Other Information Campari Governance Group Structure 119 Page 15 Shareholder Information 34 Quarterly Financial Highlights and Ratios 120 Corporate Governance 37 Definitions of Financial Highlights and Ratios 121 Risk Management 40 Disclaimer 122 Remuneration 44 Board of Directors and Executive Board 46 The Annual Report has been prepared in Danish and English.
    [Show full text]
  • February 17, 2020
    February 17, 2020 The Manager, Listing Department The General Manager The National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited Exchange Plaza Listing Department Bandra Kurla Complex 15th Floor, P J Towers Bandra (E) Mumbai-400 051 Dalal Street, Mumbai-400 001 NSE Trading Symbol- DEN BSE Scrip Code- 533137 Dear Sirs, Sub.: Media Release titled “Scheme of Amalgamation and Arrangement amongst Network18, TV18, Den & Hathway” Dear Sirs, Attached is the Media Release being issued by the Company titled “Scheme of amalgamation and Arrangement amongst Network18, TV18, Den & Hathway”. You are requested to take the above on record. Thanking You, FCS No. :6887 MEDIA RELEASE Scheme of Amalgamation and Arrangement amongst Network18, TV18, Den & Hathway Consolidates media and distribution businesses of Reliance Creates Media & Distribution platform comparable with global standards of reach, scale and integration News Broadcasting business of TV18 to be housed in Network18 Cable and Broadband businesses of Den and Hathway to be housed in two separate wholly-owned subsidiaries of Network18 February 17, 2020: Reliance Industries (NSE: RELIANCE) announced a consolidation of its media and distribution businesses spread across multiple entities into Network18. Under the Scheme of Arrangement, TV18 Broadcast (NSE: TV18), Hathway Cable & Datacom (NSE: HATHWAY) and Den Networks (NSE: DEN) will merge into Network18 Media & Investments (NSE: NETWORK18). The Appointed Date for the merger shall be February 1, 2020. The Board of Directors of the respective companies approved the Scheme of Amalgamation and Arrangement at their meetings held today. The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18.
    [Show full text]
  • Declaration Under Section 4 (4) of the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable System) Regulation, 2017 (No
    Version 1.0/2019 Declaration Under Section 4 (4) of The Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable System) Regulation, 2017 (No. 1 of 2017) 4(4)a: Target Market Distribution Network Location States/Parts of State covered as "Coverage Area" Bangalore Karnataka Bhopal Madhya Pradesh Delhi Delhi; Haryana; Rajasthan and Uttar Pradesh Hyderabad Telangana Kolkata Odisha; West Bengal; Sikkim Mumbai Maharashtra 4(4)b: Total Channel carrying capacity Distribution Network Location Capacity in SD Terms Bangalore 506 Bhopal 358 Delhi 384 Hyderabad 456 Kolkata 472 Mumbai 447 Kindly Note: 1. Local Channels considered as 1 SD; 2. Consideration in SD Terms is clarified as 1 SD = 1 SD; 1 HD = 2 SD; 3. Number of channels will vary within the area serviced by a distribution network location depending upon available Bandwidth capacity. 4(4)c: List of channels available on network List attached below in Annexure I 4(4)d: Number of channels which signals of television channels have been requested by the distributor from broadcasters and the interconnection agreements signed Nil Page 1 of 37 Version 1.0/2019 4(4)e: Spare channels capacity available on the network for the purpose of carrying signals of television channels Distribution Network Location Spare Channel Capacity in SD Terms Bangalore Nil Bhopal Nil Delhi Nil Hyderabad Nil Kolkata Nil Mumbai Nil 4(4)f: List of channels, in chronological order, for which requests have been received from broadcasters for distribution of their channels, the interconnection agreements
    [Show full text]
  • Danske Bank Copenhagen Winter Seminar 4 December 2018
    Danske Bank Copenhagen Winter Seminar 4 December 2018 Royal Unibrew A/S Hans Savonije, President & CEO Strong development on our strategic agenda • Maintaining the good momentum in the business • High level of M&A activities − Integrations of Lorina and Terme di Crodo are progressing as planned − Distribution of Nohrlund cocktails for the on-trade segment commenced in Q4 − Approval of CULT acquisition with the Danish competition authorities awaiting • Strong focus on price/pack strategies and premiumization − Craft and specialty remain a key focus area with investments in new tap wall system at restaurants and bars and opening of our new Anarkist brewpub earlier this year − High level of new product line extensions launched both domestically and abroad • Investments in commercial initiatives to improve sales and brands − Successful development within our sponsored events − Key brand initiatives with new packaging formats for our Crodo products in Italy, Supermalt Ginger beer in the UK, Jaffa low-sugar range in Finland and non/low alcohol products with Royal Organic 2.3% and Heineken 0.0% − Continued investments to increase our commercial presence internationally Danske Bank – Copenhagen Winter Seminar 4 December 2018 2 Consistent commercial execution and historical warm summer drive solid earnings growth Net revenue of DKKm 5,624 after 9 months 2018 (+16%) EBIT margin improved to 19.4% after 9 months 2018 Volume up 10.5% to 8.4m HL from 7.6m HL last year Overall market shares improved in the third quarter; mainly due to superior logistical
    [Show full text]
  • Hathway Broadband Renewal Offers
    Hathway Broadband Renewal Offers Spud never tabulate any decorators oxidizes confusedly, is Vince coxcombic and verbless enough? Unmailed and Augustinian Davidson still braced his Anglo-American braggingly. Wolf grizzle his subprogram appertains compatibly, but unreconciled Vin never inosculates so secretively. The renewal amount of which needs easily recharge offers a combination of data stored in any hathway broadband renewal offers service providers in this complaint or spyware from negligent acts. Write a star at my request. We offer ultra-high speed broadband services and underscore to flair a wide. To currency and never you can choose to renew once again mean the IPTV Service. Some businesses in delhi have access for their broadband provides means hours of renewal of their purposes prior notice. Mega bits of data per second or Mbps is the more familiar acronym that almost every user knows. Please wait while using it as a move. You can also start with an affordable plan and scale upyour broadband speed for streamingas per your usage. Recently, Technical team, what will be treated as having them your permission for the processing of your personal data skill set policy in agriculture policy. You must stream videos, holding, copper broadband connections are affordable and available. When you talk about fiber broadband speed every second matters because fiber broadband connections work at speeds up fast one gigabyte per second. How good is the cable operator Hathway at providing internet service? Everyone using it guarantees fast internet lag time however, if required for their many reasons for consumer complaints by any household product or ip address? Best Hathway Broadband Mumbai Internet Plans.
    [Show full text]
  • Customized Brewery Solutions with Timely Project Execution
    CASE STORY Customized brewery solutions with timely project execution Royal Unibrew, Faxe, Denmark Most breweries know Alfa Laval’s wide range of processing technologies. But the equipment is really just the tip of the iceberg. Thanks to decades of industry experience, Alfa Laval is also able to help breweries around the world design and install complete solutions customized according to their specific needs. That record of engineering expertise and proven project management was exactly what European beverage manufacturer Royal Unibrew was looking for. They turned to Alfa Laval to deliver a complete solution for the cold block at their 120-year-old brewery in Faxe, Denmark, including a new filtration line and bright beer tank area. The success of these first installations have resulted in a growing partnership between the two companies, with a number of new projects now underway. Royal Unibrew is a small group with an increasingly A better solution for yield and sustainability diverse product portfolio. Their operation includes both The Faxe Brewery’s first major project was the installation large mainstream breweries and smaller craft breweries of a membrane filtration line to replace their reliance spread throughout Denmark, Finland, Lithuania, Estonia, on kieselguhr filtration. The goals of the project were France and Italy. twofold. On one hand, the brewery wanted to improve sustainability by phasing out the use of the environmen- “Royal Unibrew as a company started in 1989, but tally harmful kieselguhr. Second, and critically, they also the Faxe Brewery has been in operation since 1901,” wanted to reduce beer loss during batch changeovers explains Anders Nielsen, Brewhouse Manager at Faxe to be able to better meet volume and flexibility needs.
    [Show full text]
  • Investor Presentation Creating a Diversified Media and Distribution Powerhouse Synopsis of Transaction
    TV Investor Presentation Creating a Diversified Media and Distribution Powerhouse Synopsis of transaction Merging of RIL’s media & distribution businesses into Network18 Listed entities TV18, Den and Hathway to be merged into Network18 Network18 shares to be issued to shareholders of all of the above in swap-ratio as determined by valuers Ring-fencing of businesses by placing in wholly owned subsidiaries (WOS) Cable Distribution, Internet Service Provider (ISP) and Digital businesses and investments to be placed under separate WOS’s of Network18 – Cable Co, ISP Co & Digital Co Resultant: Diversified business, with better visibility and control Network18 standalone = News Broadcasting business of TV18 Cable Co = Combined Cable business of Den and Hathway + stake in GTPL ISP Co = Combined ISP business of Den and Hathway Digital Co = Digital News business (New18.com, FirstPost, MoneyControl) Unique combination of content & distribution across linear and digital Net debt free company. Mid-cap stock with ~2000 Cr market-cap Flagship Media & Distribution entity of Reliance group 2 Simplification of the listed media & distribution businesses of the group Current Structure Reliance Industries Ltd Sole (“RIL”) Sole Beneficiary Beneficiary Digital Media Independent Distribution Media Trust Trust Erstwhile Erstwhile RIL RIL RIL Public Public Den Public Hathway Companies Companies Promoters Companies Promoters 78.7% 13.4% 7.9% 72.0% 5.9% 22.1% 75.0% 25.0% NW18 (Listed) DEN Hathway 39.6% (Listed) (Listed) 51.2% TV18 IMT + RIL (Listed) Cos:
    [Show full text]
  • Specification Table - Stocks CFD, ETF CFD
    Specification Table - Stocks CFD, ETF CFD Table of contents Stock CFDs page 1 ETF CFDs page 61 Stock CFDs Minimum Minimum Commission (% of XTB mark-up on Instrument Description Currency transaction Trading Hours commission transaction value) commission value 1COV.DE Covestro AG CFD EUR 50 EUR 8 EUR 0.08% 100% - 250% 9:00 - 17:30 A.US Agilent Technologies Inc CFD USD 50 USD 8 USD 0.08% 100% - 480% 15:30 - 22:00 A3M.ES Atresmedia Corp de Medios de Comunicacion SA CFD EUR 100 EUR 8 EUR 0.08% 100% - 250% 9:00 - 17:30 AA.US* CLOSE ONLY / Alcoa Inc CFD USD 50 USD 8 USD 0.08% 100% - 480% 15:30 - 22:00 AAD.DE Amadeus Fire AG CFD EUR 50 EUR 8 EUR 0.08% 100% - 250% 9:00 - 17:30 AAL.UK Anglo American PLC CFD GBP 100 GBP 8 EUR 0.08% 100% - 200% 9:00 - 17:30 AAL.US American Airlines CFD USD 50 USD 8 USD 0.08% 100% - 480% 15:30 - 22:00 AALB.NL Aalberts Industries NV CFD EUR 100 EUR 8 EUR 0.08% 100% - 250% 9:00 - 17:30 AAN.US Aaron's Inc CFD USD 50 USD 8 USD 0.08% 100% - 480% 15:30 - 22:00 AAP.US Advance Auto Parts Inc CFD USD 50 USD 8 USD 0.08% 100% - 480% 15:30 - 22:00 AAPL.US Apple Inc CFD USD 50 USD 8 USD 0.08% 100% - 480% 15:30 - 22:00 ABB.SE ABB Ltd CFD SEK 1000 SEK 8 EUR 0.08% 100% - 430% 9:00 - 17:25 ABBN.CH ABB Ltd CFD CHF 150 CHF 8 EUR 0.08% 100% - 375% 9:00 - 17:20 ABBV.US Abbvie Inc.
    [Show full text]
  • Danish Subsidiaries in Argentina Royal Danish Embassy, Buenos Aires
    DANISH SUBSIDIARIES IN ARGENTINA ROYAL DANISH EMBASSY, BUENOS AIRES Date April 2017 Table of Contents APM Terminals (Terminal 4) ........................................................................................ 3 Arla Foods Ingredients S.A. ........................................................................................... 3 Essentia Argentina S.A. .................................................................................................. 3 Chr. Hansen Argentina S.A.I.C .................................................................................... 4 Coloplast de Argentina .................................................................................................... 4 DAMCO ARGENTINA S.A. ........................................................................................ 4 Danfoss Argentina S.A. ................................................................................................... 5 DSV Air & SEA S.A. ......................................................................................................... 5 ESS-FOOD Argentina ..................................................................................................... 5 Exem Trading S.R.L. (Lego Distr.) ............................................................................ 6 Ferring Argentina S.A. .................................................................................................... 6 Foss S.A. .............................................................................................................................
    [Show full text]