DOCSLIB.ORG

Accelerating Growth

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Accelerating Growth Group plc 4imprint Group plc Accelerating Annual Report and Accounts 2017 growth Annual Report and Accounts 2017 OVERVIEW 4imprint Group plc Annual Report and Accounts 2017 About 4imprint Group We are the leading direct marketer of promotional products in the USA, Canada, the UK and Ireland. Most of our revenue is generated in North Organic growth is delivered by using a wide America, serviced from the principal office in range of data-driven, offline and online direct Oshkosh, Wisconsin. Customers in the UK and marketing techniques to capture market share Irish markets are served out of an office in in the large and fragmented promotional Manchester, UK. product markets that we serve. Operations are focused around a highly developed direct marketing business model which provides millions of potential customers with access to tens of thousands of customised products. Find out more online: investors.4imprint.com In this report Overview Governance Financial Statements Additional Information 01 Highlights 28 Board of Directors 50 Independent Auditors’ Report 92 Five Year Financial Record 02 4imprint at a Glance 30 Directors’ Report 55 Group Income Statement 93 Registered Office and 04 Chairman’s Statement 32 Statement on Corporate 56 Group Statement of Company Advisers Governance Comprehensive Income Strategic Report 38 Annual Statement by the 57 Group Balance Sheet 06 Chief Executive’s Review Chairman of the Remuneration 58 Group Statement of Changes Committee 08 Our Strategic Objectives in Shareholders’ Equity 40 Remuneration Report 10 Market Opportunity 59 Group Cash Flow Statement 49 Statement of Directors’ 12 Business Model 60 Notes to the Group Financial Responsibilities Statements 14 Financial Review 82 Company Balance Sheet 18 Principal Risks & Uncertainties 83 Statement of Changes in Company 24 Our People and Culture Shareholders’ Equity 26 Corporate & Social Responsibility 84 Company Cash Flow Statement Report 85 Notes to the Company’s Financial Statements 4imprint Group plc Annual Report and Accounts 2017 Overview Highlights Operational ReportStrategic Continued organic revenue growth in 2017 — US Tax Reform to benefit EPS and cash from 2018 — 1,185,000 total orders processed in the year onwards (12% up over 2016) — Supplementary dividend of 60c per share — 252,000 new customers acquired; retention rates Evolution of Group strategy Governance remained stable — $1bn revenue target by 2022 Strong financial position — Investment in adding brand awareness component — 99% conversion of underlying operating profit to marketing portfolio from 2018 to underlying operating cash flow — Revised capital allocation and funding guidelines — $30.8m cash balance at year end introduced Financial Statements Financial Revenue Underlying* basic EPS (cents) $627.52m +12% 108.02c +9% InformationAdditional 2016: $558.22m 2016: 99.01c Underlying* profit before tax Basic EPS (cents) $42.46m +11% 103.15c +18% 2016: $38.35m 2016: 87.27c Profit before tax Proposed total dividend per share (cents) $40.66m +19% 58.10c +11% 2016: $34.15m 2016: 52.50c * Underlying is before share option related charges, defined benefit pension charges Proposed total dividend per share (pence) and exceptional items. 42.58p +2% 2016: 41.82p Proposed supplementary dividend (cents) 60.00c 2016: nil Proposed supplementary dividend (pence) 43.17p 2016: nil 01 OVERVIEW 4imprint Group plc Annual Report and Accounts 2017 4imprint at a Glance Accelerating growth We are the leading direct marketer of promotional products in North America, the UK and Ireland. We have consistently delivered market-beating organic revenue growth. What we do Where we do it We make it easy for our We operate in two primary geographical markets: customers to promote their service, product or event. North America UK and Ireland Our customers know that promotional products from Most of our revenue is generated in North Customers in the UK and Irish markets are 4imprint’s extensive range along America, serviced from the principal office in served from an office in Manchester, UK. with personal, expert service on Oshkosh, Wisconsin. every order will ensure that their name – and brand – looks great in front of their target audience. Employees Revenue Employees Revenue 914 39 December 2017 $608.0m December 2017 $19.5m 97% 3% 02 4imprint Group plc Annual Report and Accounts 2017 Overview Five year growth ReportStrategic Revenue Underlying prot before tax Underlying earnings per share ($m) ($m) (c) $627.52m $42.46m 108.02c +12% +11% +9% Governance 627.52 42.46 108.02 99.01 38.35 558.22 88.04 497.22 33.55 73.48 415.77 27.86 332.94 55.55 19.55 Financial Statements ’13 ’14 ’15 ’16 ’17 ’13 ’14 ’15 ’16 ’17 ’13 ’14 ’15 ’16 ’17 Additional InformationAdditional How we do it Our objective Our business operations are focused around a highly Our aim is to drive further organic revenue growth developed direct marketing business model. by expanding our market leadership and share in the fragmented markets in which we operate. Our target is to achieve $1bn in Group revenue by 2022. Reaching our customers 1 Innovative marketing allows us to introduce millions of potential customers to tens of thousands of customised products. Looking after our customers 2 We have an exceptional culture revolving around the delivery of remarkable customer service, and an industry-leading customer guarantee. Our product range 3 Our merchandisers work closely with our suppliers to continuously update and curate our extensive product range. Application of technology 4 Our appetite for technology delivers an efficient order processing platform and sophisticated data-driven analytics. 03 OVERVIEW 4imprint Group plc Annual Report and Accounts 2017 Chairman’s Statement The Group delivered another strong operational and financial performance in 2017. Revenue for the year was $627.5m, an increase of 12% over 2016. All of this revenue growth was organic. Underlying operating profit before tax was $42.5m, up by 11% over prior year. Profit before tax was $40.7m, compared to media and the expansion of our advertising $34.2m in 2016. This 19% increase reflects presence in digital media. This brand a much lower exceptional charge of $0.5m awareness component will complement (2016: $2.9m) showing tangible benefit our existing marketing engine, with the from the successful completion of our aim of delivering our new strategic goal of pension de-risking exercise. Basic earnings achieving $1bn in Group revenue by 2022. per share increased by 18% to 103.15c. We expect our business operations to The Group ended the year in good remain highly cash generative. The cash financial health with a cash balance of demands from our legacy defined benefit $30.8m (2016: $21.7m), again reflecting pension obligations are now predictable, the low fixed capital requirements and small in the context of the financial and efficient working capital strength of the Group. Accordingly, we characteristics of our business model. have developed new balance sheet funding guidelines that will allow us to retain We have a distinct cultural identity within financial and operational flexibility through 4imprint, based on exacting standards different economic cycles. A revised capital of customer service. The professionalism allocation approach has also been adopted. and talent of our US team members The first priority for our capital is clear: was demonstrated to great effect as projects enhancing our ability to generate they helped our customers and affected organic revenue growth. In addition, we Paul Moody suppliers to recover in the aftermath of have reconfirmed our commitment to both Hurricanes Harvey and Irma. I would like to progressive regular dividends and to our thank each member of our dedicated team remaining pension obligations. Finally, excess Chairman for their remarkable efforts during the year. cash above these commitments is available for distribution to Shareholders. In several respects 2017 can be seen as a year of consolidation and the starting In this context, the Board has point of a transition for the Group. Our recommended a non-recurring market position was strengthened, supplementary dividend of 60.00c per and our business model continued to share. This will be paid in May 2018 in generate profitable organic revenue addition to, and at the same time as, growth. With our pension commitments the final dividend of 40.00c per share. much reduced, we have a firm and unencumbered financial base. Our business operations are firmly established in attractive markets. The Turning to the future development of Group is financially strong and we the Group, the Executive Team and the have exciting plans for the future. Board have considered, and subsequently Trading activity in the first few weeks evolved, our strategic framework. We of 2018 has been encouraging. have concluded that now is the right time to accelerate the awareness and Paul Moody strength of the 4imprint brand through Chairman a combination of different marketing 7 March 2018 techniques, including traditional broadcast 04 4imprint Group plc Annual Report and Accounts 2017 Overview An Evolving Strategy ReportStrategic Our business operations are firmly established in attractive markets. The Group is financially strong Governance and we have exciting plans for the future.” Paul Moody Financial Statements 2012 to 2016 Focus on Direct Marketing as the De-risk legacy defined benefit Capital allocation Group’s core business pension scheme — Pension de-risking clear first priority — Attractive market opportunity
Load more

Recommended publications
  • Parker Review
    Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people.
    [Show full text]
  • Market Beating Organic Growth
    Market 4imprint Group plc Beating Organic Growth Annual Report and Accounts 2016 Annual Report and Accounts 2016 ABOUT 4IMPRINT Contents Overview We are the leading 01 2016 Highlights 02 At a Glance 04 Chairman’s Statement direct marketer of Strategic Report 06 Chief Executive’s Review 08 Strategy promotional products 09 Market Overview 10 Business Model 11 Key Performance Indicators 12 Financial Review in the USA, Canada, 16 Principal Risks & Uncertainties 19 Corporate & Social Responsibility Report the UK and Ireland. Governance 22 Board of Directors Most of our revenue is generated in North America, serviced from the 24 Directors’ Report 26 Statement on Corporate principal office in Oshkosh, Wisconsin. Customers in the UK and Irish Governance markets are served out of an office in Manchester, UK. 32 Annual Statement by the Chairman of the Remuneration Committee Operations are focused around a highly developed direct marketing 34 Remuneration Report 40 Statement of Directors’ business model which provides millions of potential customers with Responsibilities access to tens of thousands of customised products. Financial Statements 41 Independent Auditors’ Report Organic growth is delivered by using a wide range of data-driven, offline – Group and online direct marketing techniques to capture market share in the 46 Group Income Statement 47 Group Statement of large and fragmented promotional product markets that we serve. Comprehensive Income 48 Group Balance Sheet 49 Group Statement of Changes in Shareholders’ Equity 50 Group Cash Flow
    [Show full text]
  • Blackrock UK Special Situations Fund
    Annual report BlackRock UK Special Situations Fund For the year ended 28 February 2019 Contents General Information Manager & Registrar General Information 2 BlackRock Fund Managers Limited About the Fund 3 12 Throgmorton Avenue, London EC2N 2DL Investment Objective & Policy 3 Member of The Investment Association and authorised and regulated by the Financial Conduct Authority (“FCA”). Fund Managers 3 Directors of the Manager G D Bamping* C L Carter M B Cook (appointed 2 May 2018) W I Cullen* Significant Events 3 R A Damm (resigned 31 December 2018) R A R Hayes A M Lawrence Risk and Reward Profile 4 L E Watkins (appointed 16 May 2018, resigned 1 March 2019) M T Zemek* Performance Table 5 * Non-executive Director. Classification of Investments 6 Trustee* & Custodian The Bank of New York Mellon (International) Limited Investment Report 7 One Canada Square, London E14 5AL Performance Record 9 Authorised by the Prudential Regulation Authority and regulated by the FCA and the Prudential Distribution Tables 13 Regulation Authority. * On 18 June 2018 the Trustee changed from BNY Mellon Trust & Depositary (UK) Limited to The Bank of New York Mellon (International) Limited. Report on Remuneration 14 Portfolio Statement 20 Investment Manager BlackRock Investment Management (UK) Limited Statement of Total Return 24 12 Throgmorton Avenue, London EC2N 2DL Statement of Change in Net Assets Attributable to Unitholders 24 Authorised and regulated by the FCA. Balance Sheet 25 Securities Lending Agent Notes to Financial Statements 26 BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London EC2N 2DL Statement of Manager’s Responsibilities 41 Authorised and regulated by the FCA.
    [Show full text]
  • Fiscal Quarter-End Holdings (Pdf)
    Quarterly Schedules of Portfolio Holdings International & Global Funds July 31, 2020 Retirement Institutional Administrative Investor Class Class Class Class Harbor Diversified International All Cap Fund HNIDX HAIDX HRIDX HIIDX Harbor Emerging Markets Equity Fund HNEMX HAEMX HREMX HIEEX Harbor Focused International Fund HNFRX HNFSX HNFDX HNFIX Harbor Global Leaders Fund HNGIX HGGAX HRGAX HGGIX Harbor International Fund HNINX HAINX HRINX HIINX Harbor International Growth Fund HNGFX HAIGX HRIGX HIIGX Harbor International Small Cap Fund HNISX HAISX HRISX HIISX Harbor Overseas Fund HAORX HAOSX HAOAX HAONX Table of Contents Portfolios of Investments HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND. ..... 1 HARBOR EMERGING MARKETS EQUITY FUND . .......... 8 HARBOR FOCUSED INTERNATIONAL FUND. ................................. 11 HARBOR GLOBAL LEADERS FUND. ................. 13 HARBOR INTERNATIONAL FUND . 15 HARBOR INTERNATIONAL GROWTH FUND . ........................ 21 HARBOR INTERNATIONAL SMALL CAP FUND. ................. 24 HARBOR OVERSEAS FUND . ............................................ 26 Notes to Portfolios of Investments ..................................... 31 Harbor Diversified International All Cap Fund PORTFOLIO OF INVESTMENTS—July 31, 2020 (Unaudited) Value, Cost, and Principal Amounts in Thousands COMMON STOCKS—96.4% COMMON STOCKS—Continued Shares Value Shares Value AEROSPACE & DEFENSE—0.7% BANKS—Continued 28,553 Airbus SE (France)* .............................. $ 2,090 236,142 Svenska Handelsbanken AB (Sweden) ............... $
    [Show full text]
  • FTSE Factsheet
    FTSE COMPANY REPORT Share price analysis relative to sector and index performance Data as at: 27 March 2020 Ascential ASCL Media — GBP 2.424 at close 27 March 2020 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 6.6 EV/EBITDA 15.0 PB 2.5 PCF 23.9 Div Yield 1.7 Price/Sales 4.0 Net Debt/Equity 0.5 Div Payout 11.1 ROE 47.0 DESCRIPTION Data unavailable The Company is an International Business-to- Business Media Company with a focused portfolio of market-leading Events and Information Services Products. See final page and http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm for further details. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Ascential 27 March 2020 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 28-Feb-2020 28-Feb-2020 28-Feb-2020 100 28 8 ‖ +1SD 90 26 7 80 70 24 6 +1SD Avg 60 22 50 5 40 20 Avg +1SD 4 30 -1SD 18 20 Avg 16 3 -1SD 10 -1SD 0 14 2 Mar-2015 Mar-2016 Mar-2017 Mar-2018 Mar-2019 Mar-2015 Mar-2016 Mar-2017 Mar-2018 Mar-2019 Mar-2015 Mar-2016 Mar-2017 Mar-2018 Mar-2019 Hyve Group 120.0 Rightmove 26.6 Rightmove 25.0 Future 120.0 Future 24.6 Auto Trader Group 25.0 STV Group 102.9 4imprint Group 21.0 4imprint Group 22.9 Informa 41.1 Euromoney Institutional Investor 20.8 RELX 16.8 Auto Trader Group Moneysupermarket.com
    [Show full text]
  • Schroder UK Mid Cap Fund Plc Unaudited Portfolio Holdings at 31St July 2020
    Schroder UK Mid Cap Fund plc Unaudited portfolio holdings at 31st July 2020 The investments listed below have been valued on a fair value basis using closing bid prices. Market Nominal value Investment SEDOL ISIN holding £ 4Imprint Group Ord GBP0.385 664097 GB0006640972 105,000 2,493,750 A G Barr Ord GBP0.04167 B6XZKY7 GB00B6XZKY75 700,000 2,999,500 Anglo Pacific Group Ord GBP0.02 644936 GB0006449366 2,050,000 2,423,100 Bodycote PLC Ord GBP0.173 B3FLWH9 GB00B3FLWH99 800,000 4,504,000 Brewin Dolphin Ord GBP0.01 176581 GB0001765816 1,610,000 4,218,200 Cairn Energy Ord GBP0.0136686 B74CDH8 GB00B74CDH82 2,300,000 2,748,500 Capita Plc B23K0M2 GB00B23K0M20 2,700,000 924,210 CLS Holdings Plc Ord GBP0.025 BF04459 GB00BF044593 1,749,950 3,415,902 Computacenter Plc Ord 0.075555 BV9FP30 GB00BV9FP302 300,000 5,943,000 Cranswick Ord GBP0.10 231888 GB0002318888 114,000 4,078,920 Crest Nicholson Holdings Ltd Ord GBP0.05 B8VZXT9 GB00B8VZXT93 800,000 1,496,000 Dechra Pharmaceuticals Ord GBP0.01 963318 GB0009633180 143,310 4,087,201 Diploma Ord GBP0.05 182663 GB0001826634 320,000 5,801,600 Dunelm Group GBP.01 B1CKQ73 GB00B1CKQ739 790,000 9,709,100 Fisher (James) Ord GBP0.25 339500 GB0003395000 266,000 3,037,720 Future PLC Ord GBP0.15 BYZN904 GB00BYZN9041 212,000 2,925,600 Games Workshop Ord GBP0.05 371847 GB0003718474 80,000 7,024,000 Gamesys Group Plc Ord NPV BZ14BX5 GB00BZ14BX56 132,072 1,226,949 Genus Ord GBP0.10 207458 GB0002074580 80,000 2,716,800 Grafton Group New Units B00MZ44 IE00B00MZ448 530,000 3,407,900 Grainger Ord GBP0.05 B04V127 GB00B04V1276
    [Show full text]
  • Taking the Lead in Total Pet Care
    Taking the lead in total pet care Pets at Home Group Plc Annual Report and Accounts 2020 Overview The year in review 4 At a glance 6 Investment case 8 Chairman’s statement 10 Market overview 12 Strategy Chief Executive’s statement 14 Strategy 20 Pet care in action 24 Performance Key performance indicators 30 Business model 34 Stakeholder engagement 36 Chief Financial Officer’s review 38 Operating review 44 Risk management 52 Risks and uncertainties 54 Corporate Social Responsibility 62 Governance report Governance report 82 Board of Directors 92 Directors’ Report 94 Statement of Directors’ Responsibilities 101 Audit and Risk Committee Report 102 Nomination and Corporate Governance Committee Report 107 Corporate Social Responsibility and Pets Come First Committee 110 Directors’ Remuneration Report 112 Financial statements Independent Auditor’s report 134 Consolidated income statement 142 Consolidated statement of comprehensive income 142 Consolidated balance sheet 143 Consolidated statement of changes in equity as at 26 March 2020 144 Consolidated statement of changes in equity as at 28 March 2019 144 Consolidated statement of cashflows 145 Company balance sheet 146 Company statement of changes in equity as at 26 March 2020 147 Company statement of changes in equity as at 28 March 2019 147 Company income statement 147 Company statement of cashflows 148 Notes (forming part of the financial statements) 149 Glossary – Alternative Performance Measures 220 Advisors and contacts 226 Our vision is to become the best pet care business in the world. We provide customers with everything they need to be the best pet owner they can be. Financial and operational highlights The year in review Operational highlights Our performance in the year reflects Growing our pet care ecosystem the success of our pet care strategy.
    [Show full text]
  • Profitable Growth
    Group plc 2019 ANNUAL REPORT AND ACCOUNTS DELIVERING PROFITABLE GROWTH WE ARE THE LEADING DIRECT MARKETER OF PROMOTIONAL PRODUCTS IN THE USA, CANADA, THE UK AND IRELAND WHAT WE DO Most of our revenue is generated in North America, serviced from the principal office in Oshkosh, Wisconsin. Customers in the UK and Irish markets are serviced from an office in Manchester, UK. Operations are focused around a highly developed direct marketing business model which provides millions of potential customers with access to tens of thousands of customised products. Organic growth is delivered by using a wide range of data-driven, offline and online direct marketing techniques to capture market share in the large and fragmented promotional product markets that we serve. OVERVIEW FINANCIAL STATEMENTS 01 Highlights 59 Independent Auditor’s Report 02 4imprint at a Glance 65 Group Income Statement 04 Chairman’s Statement 66 Group Statement of Comprehensive 05 Purpose, Principles & Values Income 67 Group Balance Sheet STRATEGIC REPORT 68 Group Statement of Changes in Shareholders’ Equity 06 Chief Executive’s Review 69 Group Cash Flow Statement 08 Strategic Objectives 70 Notes to the Group Financial 12 Market Opportunity Statements 16 Business Model 98 Company Balance Sheet 18 Financial Review 99 Statement of Changes in Company 22 Principal Risks & Uncertainties Shareholders’ Equity 27 Stakeholder Engagement 100 Company Cash Flow Statement 30 Responsibility 101 Notes to the Company’s Financial Statements GOVERNANCE ADDITIONAL INFORMATION 37 Introduction
    [Show full text]
  • Usaa Fund Holdings Usaa Sustainable World Fund
    USAA FUND HOLDINGS As of June 30, 2021 USAA SUSTAINABLE WORLD FUND CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE 001055102 AFL AFLAC, INC. 40,600.00 2,178,596.00 00287Y109 ABBV ABBVIE INC. 10,500.00 1,182,720.00 00507V109 ATVI ACTIVISION BLIZZARD INC 32,365.00 3,088,915.60 0053673 AHT LN ASHTEAD GROUP PLC 148,028.00 11,001,130.73 006739106 ADUS ADDUS HOMECARE CORP 3,623.00 316,070.52 00724F101 ADBE ADOBE INC 8,911.00 5,218,638.04 007973100 AEIS ADVANCED ENERGY INDUSTRIE 6,467.00 728,895.57 0081180 BDEV LN BARRATT DEVELOPMENTS PLC 50,062.00 481,963.89 009066101 ABNB AIRBNB INC 12,833.00 1,965,245.62 01609W102 BABA ALIBABA GROUP HOLDING LTD 22,375.00 5,074,202.50 016255101 ALGN ALIGN TECHNOLOGY INC 5,120.00 3,128,320.00 019330109 AMOT ALLIED MOTION TECHNOLOGIE 20,412.00 704,826.36 02079K107 GOOG ALPHABET INC - CLASS C 13,624.00 34,146,103.68 02079K305 GOOGL ALPHABET INC - CLASS A 900.00 2,197,611.00 023135106 AMZN AMAZON.COM, INC. 11,468.00 39,451,754.88 023436108 AMED AMEDISYS INC 17,838.00 4,369,061.34 0242493 DCC LN DCC PLC 7,563.00 619,434.35 0263494 BA/ LN BAE SYSTEMS PLC 58,689.00 424,028.71 0287580 BATS LN BRITISH AMERI TOBACCO PLC 10,429.00 404,855.47 03062T105 CRMT AMERICA'S CAR-MART INC/TX 4,193.00 594,231.96 031162100 AMGN AMGEN, INC.
    [Show full text]
  • 2019 Investment Stewardship Annual Report
    2019 Investment Stewardship Annual Report August 2019 Annual Report Navigating long-term change – 3 Active the year in review 2018-2019 Investment Stewardship 4 stewardship: highlights creating long- Our achievements 5 Our principles, guidelines, priorities, 7 term value and commentaries The Investment Stewardship Engagement and voting case studies 10-22 Annual Report provides an • Board quality and effectiveness remain overview of BlackRock’s approach our primary focus • Corporate strategy and capital allocation to corporate governance and • Executive compensation stewardship in support of long- • Environmental risk and opportunities term value creation for our clients. • Human capital management as an In this report we provide practical investment issue examples of the BlackRock Spotlight on activism 23 Investment Stewardship (BIS) Engagement and voting statistics 24 team’s work over the year, Investor perspective and public policy 25 distilling some of the trends and Industry affiliations and memberships 28 company-specific situations reported in our regional quarterly Appendix reports. We emphasize the List of companies engaged 31 outcome of our engagements with BlackRock’s 2019 PRI assessment 38 companies, including some which report and score have spanned several years. We also provide examples of where we have contributed to the public discourse on corporate Our Annual Report reporting period is July 1, 2018 to June 30, 2019, representing the Securities and Exchange governance and investment Commission’s (SEC) 12-month reporting period for US mutual funds, including iShares. stewardship. Navigating long-term change – the year in review The adage “change is the only constant” has never been more true than in the past year.
    [Show full text]
  • 4Imprint Group Plc Annual Report and Accounts 2011 a 4Imprint Is a Leading International Supplier of Promotional Products
    4imprint Group plc REVIEW Annual Report and Accounts 2011 This interactive pdf allows you to easily access the information that you want, GO whether printing, searching for a specific item or going directly to another page, VER section or website. NANC Use the document controls located at the bottom of each page to navigate E through this report and use the contents list on page 1 or the side-bar tabs to jump straight to the section you require. A CCOUNTS Key Return to contents list on page 1 Search the entire document by keyword Print a page or pages Previous page Next page Links Throughout this report there are roll-over links to pages, other sections or websites for additional information. 4imprint Group plc REVIEW Annual Report and Accounts 2011 DRIVING GROWTH 4imprint Group plc Annual Report and Accounts 2011 A 4imprint is a leading international supplier of promotional products 4imprint Group 4imprint is a UK listed promotional products Group with two operations: 4imprint Direct Marketing (92% of revenue); and SPS (8% of revenue). The Group’s strategy is continued organic growth, gaining market share in the highly fragmented markets in which the Group operates. 4imprint Direct Marketing 4imprint is a leading direct marketer of promotional products in USA, headquartered in Oshkosh, Wisconsin and servicing a wide range of customers in USA and Canada. European customers are serviced through its base in Manchester, England. SPS SPS is a UK based trade supplier selling promotional products to distributors in UK and Europe for onward sale to their customers. The business has specialist manufacturing and sourcing capability together with an extensive range of printing and branding facilities.
    [Show full text]
  • Ennismore Smaller Companies Plc
    ENNISMORE SMALLER COMPANIES PLC ENNISMORE EUROPEAN SMALLER COMPANIES FUND Annual Report and Audited Financial Statements for the year ended 31 December 2015 ENNISMORE SMALLER COMPANIES PLC ENNISMORE EUROPEAN SMALLER COMPANIES FUND CONTENTS Page Company Details 1 Summary Information 2 Directors’ Report 7 Statement of Directors’ Responsibilities 12 Independent Auditor’s Report 13 Custodian’s Report 16 Investment Manager’s Report (Unaudited) Performance 17 Top Ten Holdings 18 Exposure by Country, Market Cap & Sector 27 Outlook 28 Investment Process 29 Statement of Comprehensive Income 31 Statement of Financial Position 32 Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares 33 Statement of Cash Flows 34 Notes to the Financial Statements 35 Portfolio of Investments (Audited) 65 Portfolio Changes (Unaudited) 79 Unaudited Notes to the Financial Statements 80 ENNISMORE SMALLER COMPANIES PLC ENNISMORE EUROPEAN SMALLER COMPANIES FUND COMPANY DETAILS DIRECTORS REGISTERED OFFICE Nicholas Durlacher (British) (Chairman)* Georges Court Lars Gårdö (Swedish)* 54-62 Townsend Street Matthew Minch (Irish)* Dublin 2 Geoff Oldfield (British) Ireland Paul McNaughton (Irish)* Registered Number: 294512 INVESTMENT MANAGER REGISTRAR AND ADMINISTRATOR Ennismore Fund Management Limited Northern Trust International Fund Administration Kensington Cloisters Services (Ireland) Limited 5 Kensington Church Street Georges Court London W8 4LD 54-62 Townsend Street United Kingdom Dublin 2 Ireland Telephone: +44 (0)20 7368 4200 E-Mail:
    [Show full text]