Imperial Tobacco Finance

Total Page:16

File Type:pdf, Size:1020Kb

Imperial Tobacco Finance Prospectus Imperial Tobacco Finance PLC A9.4.1.1 (Incorporated with limited liability in England and Wales with registered number 03214426) A9.4.1.2 Imperial Tobacco Finance France SAS (A société par actions simplifiée incorporated in France) €15,000,000,000 Debt Issuance Programme Irrevocably and unconditionally guaranteed by Imperial Tobacco Group PLC A9.4.1.1 (Incorporated with limited liability in England and Wales with registered number 03236483) A9.4.1.2 This Prospectus amends, restates and supersedes the offering circular dated 21st February 2014. Any Notes issued after the date hereof under the Debt Issuance Programme described in this Prospectus (the “Programme”) are issued subject to the provisions set out herein. This Prospectus will not be effective in respect of any Notes issued under the Programme prior to the date hereof. Under the Programme, Imperial Tobacco Finance PLC (“Imperial Finance” or an “Issuer”) and Imperial Tobacco Finance France SAS A6.1 (“Imperial Finance France” or an “Issuer” and together with Imperial Finance “the Issuers”), subject to compliance with all relevant laws, regulations and directives, may from time to time issue debt securities (the “Notes”) guaranteed by Imperial Tobacco Group PLC (“Imperial Tobacco” or the “Guarantor”) and Imperial Tobacco Limited (“ITL”). Please see the Trust Deed dated 6th February 2015 (the “Trust Deed”) which is available for viewing by Noteholders as described on page 124 for further details about the Imperial Tobacco guarantee and page 98 for further details regarding the ITL guarantee. The aggregate nominal amount of Notes outstanding will not at any time exceed €15,000,000,000 (or the equivalent in other currencies). Application has been made to the Financial Conduct Authority in its capacity as competent authority (the “U.K. Listing Authority”) A13.5.1(i) for Notes issued under the Programme for the period of 12 months from the date of this Prospectus to be admitted to the official list of the U.K. Listing Authority (the “Official List”) and to the London Stock Exchange plc (the “London Stock Exchange”) for such Cat B Notes to be admitted to trading on the London Stock Exchange’s Regulated Market (the “Market”). References in this Prospectus to A21 Notes being “listed” (and all related references) shall mean that such Notes have been admitted to trading on the Market and have been admitted to the Official List. The Market is a regulated market for the purposes of the Markets in Financial Instruments Directive (Directive 2004/39/EC). Each Series (as defined below) of Notes in bearer form will be represented on issue by a temporary global note in bearer form (each a “temporary Global Note”) or a permanent global note in bearer form (each a “permanent Global Note”). Notes in registered form (“Registered Notes”) will be represented by registered certificates (each a “Certificate”), one Certificate being issued in respect of each Noteholder’s entire holding of Registered Notes of one Series. Global Notes and Certificates may (i) if the Global Notes are intended to be issued in new global note (“NGN”) form or if the Global Certificates are intended to be held under the New Safekeeping Structure (the “NSS”), as specified in the relevant Final Terms, be deposited on the issue date with a common safekeeper (the “Common Safekeeper”) for Euroclear Bank S.A./N.V. (“Euroclear”) and Clearstream Banking, société anonyme (“Clearstream, Luxembourg”); and (ii) if the Global Notes are intended to be issued in classic global note (“CGN”) form, or if the Global Certificates are not intended to be held under the NSS as specified in the relevant Final Terms, be deposited on the issue date with a common depositary on behalf of Euroclear and Clearstream, Luxembourg. The provisions governing the exchange of interests in Global Notes for other Global Notes and definitive Notes are described in “Summary of Provisions Relating to the Notes while in Global Form”. Imperial Tobacco has a solicited long term debt rating of Baa3 by Moody’s Investors Service Ltd (“Moody’s”), BBB by Standard & A13.7.5 Poor’s Credit Market Services Europe Limited (“S&P”) and BBB by Fitch Ratings Limited (“Fitch”). The Programme has been rated Baa3 by Moody’s and BBB by S&P. Moody’s, S&P and Fitch are established in the European Union and are registered under Cat A Regulation (EC) No. 1060/2009 (as amended) (the “CRA Regulation”). Notes issued under the Programme may be rated or unrated by any one or more of the rating agencies referred to above. Where a Tranche (as defined below) of Notes is rated, such solicited rating will be disclosed in the Final Terms and will not necessarily be the same as the solicited rating assigned to the Programme by Moody’s and S&P. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal at any time by the assigning rating agency. Prospective investors should have regard to the factors described under the section headed “Risk Factors” in this Prospectus. Arranger The Royal Bank of Scotland Dealers Banca IMI Banco Bilbao Vizcaya Argentaria, S.A. Bank of China BofA Merrill Lynch BNP PARIBAS Commerzbank Crédit Agricole CIB HSBC Mizuho Securities MUFG Santander Global Banking & Markets SMBC Nikko Société Générale Corporate & Investment Banking The Royal Bank of Scotland UniCredit Bank 6th February 2015 IMPORTANT INFORMATION This Prospectus comprises a base prospectus for the purposes of Article 5.4 of the Prospectus Directive and for the purpose of giving information with regard to Imperial Finance, Imperial Finance France, the Guarantor and the Notes which, according to the particular nature of Imperial Finance, Imperial Finance France, the Guarantor and the Notes, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profit and losses and prospects of Imperial Finance, Imperial Finance France and the Guarantor, and of the rights attaching to the Notes. Imperial Finance, Imperial Finance France, the Guarantor and ITL accept responsibility for the A9.1.1 information contained in this Prospectus and the Final Terms for each Tranche of Notes issued under the A9.1.2 A13.1.1 Programme. To the best of the knowledge of Imperial Finance, Imperial Finance France, the Guarantor and Cat A ITL (which have taken all reasonable care to ensure that such is the case) the information contained in this A13.1.2 Cat A Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information. This Prospectus is to be read in conjunction with all documents incorporated herein by reference (see “Documents Incorporated by Reference”). Each of Imperial Finance, Imperial Finance France, the Guarantor and ITL, having made all reasonable enquiries, confirms that this Prospectus contains all information with respect to Imperial Finance, Imperial Finance France, the Guarantor and the Guarantor’s subsidiaries and affiliates taken as a whole (the “Group” or the “Imperial Group”) and the Notes that is material in the context of the issue and offering of the Notes, the statements contained in it relating to Imperial Finance, Imperial Finance France, the Guarantor and the Group are in every material aspect true and accurate and not misleading, the opinions and intentions expressed in this Prospectus with regard to Imperial Finance, Imperial Finance France, the Guarantor and the Group are honestly held, have been reached after considering all relevant circumstances and are based on reasonable assumptions, there are no other facts in relation to Imperial Finance, Imperial Finance France, the Guarantor, the Group or the Notes the omission of which would, in the context of the issue and offering of the Notes, make any statement in this Prospectus misleading in any material respect and all reasonable enquiries have been made by Imperial Finance, Imperial Finance France, the Guarantor and ITL to ascertain such facts and to verify the accuracy of all such information and statements. The Notes are irrevocably and unconditionally guaranteed by the Guarantor as described in the Trust Deed A6.1 and by ITL by way of an amended and restated deed of guarantee dated 6th February 2015. The ITL guarantee will terminate in the circumstances set out in the deed of guarantee and is summarised in the section entitled “Imperial Tobacco Limited”. No person has been authorised to give any information or to make any representation other than those contained in this Prospectus in connection with the issue or sale of the Notes and, if given or made, such other information or representation must not be relied upon as having been authorised by Imperial Finance, Imperial Finance France, the Guarantor or any of the Dealers or the Arranger (as defined in “Overview of the Programme”). Neither the delivery of this Prospectus nor any sale made in connection herewith shall, under any circumstances, create any implication that there has been no change in the affairs of Imperial Finance, Imperial Finance France or the Guarantor since the date hereof or the date upon which this Prospectus has been most recently amended or supplemented or that there has been no adverse change in the financial position of Imperial Finance, Imperial Finance France or the Guarantor since the date hereof or the date upon which this Prospectus has been most recently amended or supplemented or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. 2 IMPORTANT INFORMATION RELATING TO THE USE OF THIS PROSPECTUS AND OFFERS OF NOTES GENERALLY This Prospectus does not constitute an offer of, or an invitation or solicitation by or on behalf of Imperial Finance, Imperial Finance France, the Guarantor or any of the Dealers or the Arranger to subscribe for, or purchase, any Notes.
Recommended publications
  • Delivering Quality Growth
    OPERATING REVIEW DELIVERING QUALITY GROWTH OUR BRANDS GROWTH BRANDS The rest of our portfolio consists of Portfolio Brands; some of these are strong local brands that support our volume and revenue development, while others are delisted or migrated into Growth Brands. A number of migrations were completed in the year, as we continued to streamline our portfolio and improve our quality of growth. Total Group tobacco volumes were 255.5 billion stick equivalents (2017: 265.2 billion), with volumes down by 3.6 per cent, outperforming industry volume declines of 5.0 per cent. Growth Brands increased volume by 2.1 per cent and market share by 70 basis points, with share gains in all divisions. Excluding the benefit of brand migrations, Growth Brands also outperformed the industry. GROWTH BRANDS Full Year Result Change Constant 2018 2017 Actual Currency Market share % 9.2 8.5 +70 bps We achieved another Net revenue £m 3,799 3,690 +2.9% +3.9% Percentage of Group % 63.8 60.2 +360 bps excellent performance with volumes our Growth and Specialist Percentage of tobacco % 49.1 47.6 +150 bps & NGP net revenue Brands. These are the most important assets in our Growth Brands have broad consumer appeal and are comprised of: Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, portfolio and together they Bastos, Fine, Winston, News and Parker & Simpson. now account for 66.9 per cent Growth Brand volumes outperformed the market in the period of our tobacco & NGP net and net revenue grew by 3.9 per cent at constant currency.
    [Show full text]
  • Registered in England and Wales, Wholly Owned
    RELATED UNDERTAKINGS In accordance with Section 409 of the Companies Act 2006 a full list of subsidiaries, partnerships, associates and joint ventures, the principal activity, the country of incorporation and the effective percentage of equity owned, as at 30 September 2017 are disclosed below. With the exception of Imperial Tobacco Holdings (2007) Limited, which is wholly owned by the Company, none of the shares in the subsidiaries is held directly by the Company. SUBSIDIARIES: REGISTERED IN ENGLAND AND WALES, WHOLLY OWNED Name Principal activity and registered address Attendfriend Limited Dormant 121 Winterstoke Road, Bristol, BS3 2LL, England British Tobacco Company Limited Dormant 121 Winterstoke Road, Bristol, BS3 2LL, England Congar International UK Limited Dormant 121 Winterstoke Road, Bristol, BS3 2LL, England Fontem UK Limited In liquidation BDO LLP, Two Snowhill, Birmingham, B4 6GA, England Imperial Brands Enterprise Finance Limited Provision of treasury services to other Group companies 121 Winterstoke Road, Bristol, BS3 2LL, England Imperial Brands Finance PLC Provision of treasury services to other Group companies 121 Winterstoke Road, Bristol, BS3 2LL, England Imperial Investments Limited Dormant 121 Winterstoke Road, Bristol, BS3 2LL, England Imperial Tobacco Altadis Limited Provision of finance to other Group companies 121 Winterstoke Road, Bristol, BS3 2LL, England Imperial Tobacco Capital Assets (1) Provision of finance to other Group companies 121 Winterstoke Road, Bristol, BS3 2LL, England Imperial Tobacco Capital Assets
    [Show full text]
  • Ethics Agreement in Order to Avoid Any Financial Conflict
    Date: 7 .-e-•15 Iett..% 1--4 17 MEMORANDUM FOR THE RECORD SUBJECT: Ethics Agreement In order to avoid any financial conflict of interest in violation of 18 U.S.C. § 208(a) or the appearance of a financial conflict of interest as defined in the Standards of Ethical Conduct for Employees of the Executive Branch, 5 C.F.R. § 2635.502, and to adhere to the Ethics Pledge instituted by Executive Order 13770 issued on January 28, 2017, and entitled "Ethics Commitments by Executive Branch Appointees" (the Ethics Pledge), I am issuing the following statement. I understand that as an appointee I must sign the Ethics Pledge and that I will be bound by the requirements and restrictions therein even if not specifically mentioned in this or any other ethics agreement. Before beginning my covered Federal position, I resigned from my non-Federal positions with the Association of State and Territorial Health Officials (ASTHO) and the State of Georgia on July 6, 2017. Pursuant to the Ethics Pledge, I will not, for a period of two years from the date of my appointment to my covered Federal position, participate in an official capacity in any particular matter involving specific parties that is directly and substantially related to ASTHO, unless an exception applies or I am granted a waiver. I understand that this provision in the Ethics Pledge does not apply to state government entities, including the State of Georgia. Even when the two-year restriction of the Ethics Pledge does not apply, under 5 C.F.R. § 2635.502, I will not, for a period of one year from the date of my resignation from ASTHO and the State of Georgia, participate in any particular matter involving specific parties in which ASTHO or the State of Georgia is a party or represents a party, unless I am first authorized to participate, pursuant to 5 C.F.R.
    [Show full text]
  • Actor Vince Vaughn
    internet only CigarJUNE 2, 2015 n VOL. 20,Insider NO. 11 n FROM THE PUBLISHER OF CIGAR AFICIONADO MAGAZINE CLICK HERE TO SUBSCRIBE IN THIS ISSUE: FEATURED CIGAR TASTING REPORT: MY FATHER LE BIJOU 1922 PREVIEWS FROM THE AUGUST 2015 BOX PRESS TORPEDO 93 ISSUE OF CIGAR AFICIONADO: NICARAGUA n PRICE: $11.40 n BODY: MEDIUM TO FULL POINTS n My Father Le Bijou 1922 Box Press Torpedo [page 2] For a full tasting, see page two. n Padrón Serie 1926 80 Years Maduro [page 2] n Trinidad Vigía [page 2] n Don Pepin Garcia Cuban Classic 1979 [page 2] BEST CIGARS THIS ISSUE n Por Larrañaga Picadores [page 3] n Fuente Fuente OpusX Angel’s Share Reserva d’Chateau [page 3] My Father Le Bijou 1922 Box Press Torpedo Nicaragua 93 n Partagás Serie D No. 6 [page 3] Padrón Serie 1926 80 Years Maduro Nicaragua 93 n H. Upmann Connossieur A [page 3] VERTICAL BRAND TASTINGS: Trinidad Vigía Cuba 93 n Romeo Añejo by Romeo y Julieta [page 4] Don Pepin Garcia Cuban Classic 1979 Nicaragua 92 NEW SIZES: Por Larrañaga Picadores Cuba 92 n Hoyo de Monterrey Edición de Cumpleaños 150 [page 4] Fuente Fuente OpusX Angel’s Share n Matilde Renacer Lancero [page 4] Reserva d’Chateau Dom. Rep. 92 CIGAR NEWS n The Avo Syncro Nicaragua [page 5] n El Centurion Wrapped in Connecticut [page 5] n Montecristo With a Vintage Wrapper [page 6] n Keystone State Looks to Tax Cigars [page 6] ACTOR VINCE VAUGHN n Quesada Cigars Distributes La Matilde [page 6] HE MIGHT BE KNOWN FOR COMEDY, but Vince Vaughn has a serious side, along with a n Nick Melillo Starts up Foundation [page 7] penchant for cigars.
    [Show full text]
  • Annual Report and Accounts 2019
    IMPERIAL BRANDS PLC BRANDS IMPERIAL ANNUAL REPORT AND ACCOUNTS 2019 ACCOUNTS AND REPORT ANNUAL ANNUAL REPORT AND ACCOUNTS 2019 OUR PURPOSE WE CAN I OWN Our purpose is to create something Everything See it, seize it, is possible, make it happen better for the world’s smokers with together we win our portfolio of high quality next generation and tobacco products. In doing so we are transforming WE SURPRISE I AM our business and strengthening New thinking, My contribution new actions, counts, think free, our sustainability and value creation. exceed what’s speak free, act possible with integrity OUR VALUES Our values express who we are and WE ENJOY I ENGAGE capture the behaviours we expect Thrive on Listen, challenge, share, make from everyone who works for us. make it fun connections The following table constitutes our Non-Financial Information Statement in compliance with Sections 414CA and 414CB of the Companies Act 2006. The information listed is incorporated by cross-reference. Additional Non-Financial Information is also available on our website www.imperialbrands.com. Policies and standards which Information necessary to understand our business Page Reporting requirement govern our approach1 and its impact, policy due diligence and outcomes reference Environmental matters • Occupational health, safety and Environmental targets 21 environmental policy and framework • Sustainable tobacco programme International management systems 21 Climate and energy 21 Reducing waste 19 Sustainable tobacco supply 20 Supporting wood sustainability
    [Show full text]
  • Tobacco Deal Sealed Prior to Global Finance Market Going up in Smoke
    marketwatch KEY DEALS Tobacco deal sealed prior to global finance market going up in smoke The global credit crunch which so rocked £5.4bn bridging loan with ABN Amro, Morgan deal. “It had become an auction involving one or Iinternational capital markets this summer Stanley, Citigroup and Lehman Brothers. more possible white knights,” he said. is likely to lead to a long tail of negotiated and In addition it is rescheduling £9.2bn of debt – Elliott said the deal would be part-funded by renegotiated deals and debt issues long into both its existing commitments and that sitting on a large-scale disposal of Rio Tinto assets worth the autumn. the balance sheet of Altadis – through a new as much as $10bn. Rio’s diamonds, gold and But the manifestation of a bad bout of the facility to be arranged by Citigroup, Royal Bank of industrial minerals businesses are now wobbles was preceded by some of the Scotland, Lehmans, Barclays and Banco Santander. reckoned to be favourites to be sold. megadeals that the equity market had been Finance Director Bob Dyrbus said: Financing the deal will be new underwritten expecting for much of the last two years. “Refinancing of the facilities is the start of a facilities provided by Royal Bank of Scotland, One such long awaited deal was the e16.2bn process that is not expected to complete until the Deutsche Bank, Credit Suisse and Société takeover of Altadis by Imperial Tobacco. first quarter of the next financial year. Générale, while Deutsche and CIBC are acting as Strategically the Imps acquisition of Altadis “Imperial Tobacco only does deals that can principal advisors on the deal with the help of has been seen as the must-do in a global generate great returns for our shareholders and Credit Suisse and Rothschild.
    [Show full text]
  • Tobacco Labelling -.:: GEOCITIES.Ws
    Council Directive 89/622/EC concerning the labelling of tobacco products, as amended TAR AND NICOTINE CONTENTS OF THE CIGARETTES SOLD ON THE EUROPEAN MARKET AUSTRIA Brand Tar Yield Nicotine Yield Mg. Mg. List 1 A3 14.0 0.8 A3 Filter 11.0 0.6 Belvedere 11.0 0.8 Camel Filters 14.0 1.1 Camel Filters 100 13.0 1.1 Camel Lights 8.0 0.7 Casablanca 6.0 0.6 Casablanca Ultra 2.0 0.2 Corso 4.0 0.4 Da Capo 9.0 0.4 Dames 9.0 0.6 Dames Filter Box 9.0 0.6 Ernte 23 13.0 0.8 Falk 5.0 0.4 Flirt 14.0 0.9 Flirt Filter 11.0 0.6 Golden Smart 12.0 0.8 HB 13.0 0.9 HB 100 14.0 1.0 Hobby 11.0 0.8 Hobby Box 11.0 0.8 Hobby Extra 11.0 0.8 Johnny Filter 11.0 0.9 Jonny 14.0 1.0 Kent 10.0 0.8 Kim 8.0 0.6 Kim Superlights 4.0 0.4 Lord Extra 8.0 0.6 Lucky Strike 13.0 1.0 Lucky Strike Lights 9.0 0.7 Marlboro 13.0 0.9 Marlboro 100 14.0 1.0 Marlboro Lights 7.0 0.6 Malboro Medium 9.0 0.7 Maverick 11.0 0.8 Memphis Classic 11.0 0.8 Memphis Blue 12.0 0.8 Memphis International 13.0 1.0 Memphis International 100 14.0 1.0 Memphis Lights 7.0 0.6 Memphis Lights 100 9.0 0.7 Memphis Medium 9.0 0.6 Memphis Menthol 7.0 0.5 Men 11.0 0.9 Men Light 5.0 0.5 Milde Sorte 8.0 0.5 Milde Sorte 1 1.0 0.1 Milde Sorte 100 9.0 0.5 Milde Sorte Super 6.0 0.3 Milde Sorte Ultra 4.0 0.4 Parisienne Mild 8.0 0.7 Parisienne Super 11.0 0.9 Peter Stuyvesant 12.0 0.8 Philip Morris Super Lights 4.0 0.4 Ronson 13.0 1.1 Smart Export 10.0 0.8 Treff 14.0 0.9 Trend 5.0 0.2 Trussardi Light 100 6.0 0.5 United E 12.0 0.9 Winston 13.0 0.9 York 9.0 0.7 List 2 Auslese de luxe 1.0 0.1 Benson & Hedges 12.0 1.0 Camel 15.0 1.0
    [Show full text]
  • Supplementary Table 10.7
    Factory-made cigarettes and roll-your-own tobacco products available for sale in January 2019 at major Australian retailers1 Market Pack Number of Year Tobacco Company segment2 Brand size3 variants Variant name(s) Cigarette type introduced4 British American Super-value Rothmans5 20 3 Blue, Gold, Red Regular 2015 Tobacco Australia FMCs 23 2 Blue, Gold Regular 2018 25 5 Blue, Gold, Red, Silver, Menthol Green Regular 2014 30 3 Blue, Gold, Red Regular 2016 40 6 Blue, Gold, Red, Silver, Menthol Green, Black6 Regular 2014 50 5 Blue, Gold, Red, Silver, Menthol Green Regular 2016 Rothmans Cool Crush 20 3 Blue, Gold, Red Flavour capsule 2017 Rothmans Superkings 20 3 Blue, Red, Menthol Green Extra-long sticks 2015 ShuangXi7 20 2 Original Red, Blue8 Regular Pre-2012 Value FMCs Holiday 20 3 Blue, Gold, Red Regular 20189 22 5 Blue, Gold, Red, Grey, Sea Green Regular Pre-2012 50 5 Blue, Gold, Red, Grey, Sea Green Regular Pre-2012 Pall Mall 20 4 Rich Blue, Ultimate Purple, Black10, Amber Regular Pre-2012 40 3 Rich Blue, Ultimate Purple, Black11 Regular Pre-2012 Pall Mall Slims 23 5 Blue, Amber, Silver, Purple, Menthol Short, slim sticks Pre-2012 Mainstream Winfield 20 6 Blue, Gold, Sky Blue, Red, Grey, White Regular Pre-2012 FMCs 25 6 Blue, Gold, Sky Blue, Red, Grey, White Regular Pre-2012 30 5 Blue, Gold, Sky Blue, Red, Grey Regular 2014 40 3 Blue, Gold, Menthol Fresh Regular 2017 Winfield Jets 23 2 Blue, Gold Slim sticks 2014 Winfield Optimum 23 1 Wild Mist Charcoal filter 2018 25 3 Gold, Night, Sky Charcoal filter Pre-2012 Winfield Optimum Crush 20
    [Show full text]
  • Tobacco Securitization
    Memorandum Office of Jenine Windeshausen Treasurer-Tax Collector To: The Board of Supervisors From: Jenine Windeshausen, Treasurer-Tax Collector Date: October 27, 2020 Subject: Tobacco Securitization Action Requested a) Adopt a resolution consenting to the issuance and sale by the California County Tobacco Securitization Agency not to exceed $67,000,000 initial principal amount of tobacco settlement bonds (Gold Country Settlement Funding Corporation) Series 2020 Bonds in one or more series and other related matters; authorizing the execution and delivery by the county of a certificate of the county; and authorizing the execution and delivery of and approval of other related documents and actions in connection therewith. b) Direct that eligible proceeds from the Series 2020 Bonds be expended on infrastructure improvements at the Placer County Government Center, construction of the Health and Human Services Building and other Board approved capital facilities projects. Background October 6, 2020 Board of Supervisors Meeting Summary. Your Board received an update regarding the County’s prior tobacco securitizations and information on the potential to refund the Series 2006 Bonds to receive additional proceeds for capital projects. Based on that update, the Board requested the Treasurer to return to the Board on October 27, 2020 with a resolution approving documents and other matters to proceed with refunding the Series 2006 Bonds. In summary from the October 6, 2020 meeting, the County receives annual payments in perpetuity from the 1998 Master Settlement Agreement (MSA). The MSA payments are derived from a percentage of cigarette sales. Placer County issued bonds in 2002 and 2006 to securitize a share of its MSA payments.
    [Show full text]
  • Juul Compatible
    E-TRON JUUL E-Tron E-Cigarette 500 Puff Full Flavor 16mg ETF JUUL Starter Kit JSK E-Tron E-Cigarette 500 Puff Light 16mg ETL JUUL Basic Kit JBK E-Tron E-Cigarette 500 Puff Menthol 16mg ETM JUUL USB Charger 1pk JUSB JAK JUUL Charging Cable 2.6ft JUSB1 JAK E-Cigarette Box Regular 16mg 20ea 8130 JUUL Duet Dual Charger JUSB2 JAK E-Cigarette Box Menthol 16mg 20ea 8131 JUUL The Gem Magnetic USB Charger JUSB3 JAK E-Cigarette Box Regular 36mg 20ea 8132 JAK E-Cigarette Box Menthol 36mg 20ea 8133 JUUL Flavor Pods Classic Tobacco 4pk JPT JAK E-Cigarette Box Variety (Blue) 16mg 20ea 8134 JUUL Flavor Pods Classic Menthol 4pk JPL JAK E-Cigarette Box Variety (White) 16mg 20ea 8135 JUUL Flavor Pods Virginia Tobacco 4pk JPV JAK E-Cigarette Box Variety 36mg 20ea 8137 JUUL Flavor Pods Cool Mint 4pk JPC JAK E-Hookah Box Variety 16mg 20ea 8136 AIRBENDER (JUUL COMPATIBLE) JAK E-Cigarette 3-Tier Display 16mg 60ea 8140 Airbender Flavor Pods Gypsy Tantrum 4pk APG JAK E-Cigarette 4-Tier Display 16mg 80ea 8141 Airbender Flavor Pods High Wire 4pk APH Airbender Flavor Pods Paladin 4pk APP JAK E-Cigarette 800 Puff Regular 16mg 8100 Airbender Flavor Pods Pinkie 4pk APK JAK E-Cigarette 800 Puff Menthol 16mg 8101 Airbender Flavor Pods Pitaya On Ice 4pk API JAK E-Cigarette 800 Puff Regular 36mg 8102 Airbender Flavor Pods Harassmint 4pk APM JAK E-Cigarette 800 Puff Menthol 36mg 8103 Airbender Flavor Pods New Shorts 4pk APN JAK E-Cigarette 800 Puff Apple 16mg 8104 Airbender Flavor Pods Strawberry 4pk APS JAK E-Cigarette 800 Puff Cherry 16mg 8105 Airbender Flavor Pods Cucumber
    [Show full text]
  • Current Status of the Reduced Propensity Ignition Cigarette Program in Hawaii
    Hawaii State Fire Council Current Status of the Reduced Propensity Ignition Cigarette Program in Hawaii Submitted to The Twenty-Eighth State Legislature Regular Session June 2015 2014 Reduced Ignition Propensity Cigarette Report to the Hawaii State Legislature Table of Contents Executive Summary .…………………………………………………………………….... 4 Purpose ..………………………………………………………………………....................4 Mission of the State Fire Council………………………………………………………......4 Smoking-Material Fire Facts……………………………………………………….............5 Reduced Ignition Propensity Cigarettes (RIPC) Defined……………………………......6 RIPC Regulatory History…………………………………………………………………….7 RIPC Review for Hawaii…………………………………………………………………….9 RIPC Accomplishments in Hawaii (January 1 to June 30, 2014)……………………..10 RIPC Future Considerations……………………………………………………………....14 Conclusion………………………………………………………………………….............15 Bibliography…………………………………………………………………………………17 Appendices Appendix A: All Cigarette Fires (State of Hawaii) with Property and Contents Loss Related to Cigarettes 2003 to 2013………………………………………………………18 Appendix B: Building Fires Caused by Cigarettes (State of Hawaii) with Property and Contents Loss 2003 to 2013………………………………………………………………19 Appendix C: Cigarette Related Building Fires 2003 to 2013…………………………..20 Appendix D: Injuries/Fatalities Due To Cigarette Fire 2003 to 2013 ………………....21 Appendix E: HRS 132C……………………………………………………………...........22 Appendix F: Estimated RIPC Budget 2014-2016………………………………...........32 Appendix G: List of RIPC Brands Being Sold in Hawaii………………………………..33 2 2014
    [Show full text]
  • Imperial Tobacco Group Plc Annual Report and Accounts
    IMPERIAL TOBACCO GROUP PLC ANNUAL REPORT AND ACCOUNTS 2003 02 FINANCIAL HIGHLIGHTS 03 PERFORMANCE 05 INTERNATIONAL 06 COST FOCUS 08 BRANDS 10 ACQUISITIONS 12 CHAIRMAN’S STATEMENT 15 CHIEF EXECUTIVE’S COMMITTEE 17 OPERATING AND FINANCIAL REVIEW 30 OPERATING ENVIRONMENT 34 BOARD OF DIRECTORS 36 SHAREHOLDER INFORMATION 37 REPORT OF THE DIRECTORS 39 CORPORATE GOVERNANCE 45 DIRECTORS’ REMUNERATION REPORT 57 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF IMPERIAL TOBACCO GROUP PLC 58 CONSOLIDATED PROFIT AND LOSS ACCOUNT 58 STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES 59 CONSOLIDATED BALANCE SHEET 60 CONSOLIDATED CASH FLOW STATEMENT 61 ACCOUNTING POLICIES 63 NOTES TO THE ACCOUNTS 96 IMPERIAL TOBACCO GROUP PLC BALANCE SHEET 97 NOTES TO THE IMPERIAL TOBACCO GROUP PLC BALANCE SHEET 99 PRINCIPAL SUBSIDIARIES Imperial Tobacco is the world’s fourth largest international tobacco company which manufactures, markets and sells a comprehensive range of cigarettes, tobaccos, rolling papers and cigars. ITG 01 The consistent application of our strategy has delivered compound annual growth in adjusted earnings per share of 18% and in dividends per share of 15% since 1997. FINANCIAL HIGHLIGHTS (In £’s million) 2003 2002 2001 2000 1999 Turnover 11,412 up 38% 8,296 5,918 5,220 4,494 Operating profit 881 up 46% 603 604 560 518 Adjusted operating profit 1 1,135 up 44% 789 619 568 518 Pre-tax profit 656 up 55% 423 494 450 400 Adjusted pre-tax profit 1 898 up 40% 642 509 458 400 Profit after tax 424 up 50% 283 355 323 287 Adjusted profit after tax 1 655 up 41% 465 370 331 287 (In pence) 2003 2002 2001 2000 1999 Basic earnings per share 58.1 up 42% 41.0 56.6 52.3 46.4 Adjusted earnings per share 1 90.0 up 32% 68.4 59.0 53.6 46.4 Diluted earnings per share 57.9 up 42% 40.8 56.2 52.0 46.1 Dividend per share 42.0 up 27% 33.0 28.8 26.4 23.0 1 Adjusted to exclude the effect of amortisation and exceptional items.
    [Show full text]