Intralot streamlines operating divisions

first_img Greek lottery and gaming solutions provider Intralot has reorganised its operations, technology, digital and commercial divisions as part of a wider restructuring of the business.This new structure is designed to help the company cut costs and streamline the business, allowing for faster project delivery and to better leverage new product launches across all divisions.It sees Maria Stergiou, who was promoted to chief operations officer in March, take on the new role of chief sales and operations officer. In this position she will oversee all sales and operations, supervise projects across the world, and lead business development, bidding and sales.Nicklas Zajdel, whose appointment was announced alongside Stergiou’s promotion, will now serve has chief digital and sports betting officer after being hired from GVC’s Ladbrokes Coral as chief digital officer. He will lead product and technical development, and hold ultimate responsibility for Intralot’s Orion platform, as well as managing trading operations and digital products and services.Fotis Konstantellos, meanwhile, takes charge of the lotteries division, just weeks after being named chief commercial officer. He will be responsible for the LOTOS platform and the supplier’s lottery terminal business.Finally, Christos Dimitriadis will take charge of integrated solution delivery and technical support for group projects as chief service and delivery officer. All four will report directly to Intralot deputy chief executive Nikos Nikolakopoulos.As a result of the restructuring, Intralot’s current chief technology officer Argyrios Diamantis will shift to an advisory role focused on new technologies and innovation.The divisional changes come after Intralot reported a 6.4% decline in turnover to €870.8m for 2018, and a net loss for the year of €25.6m. Chief executive Sokratis Kokkalis said that this showed the need for a major restructuring to reduce costs and streamline operations.Kokkalis took up the CEO duties in March, after the former incumbent Antonios Kerastaris resigned in the wake of Intralot losing the contract to operate Turkey’s sports betting monopoly Iddaa, which it had held for 15 years. Intralot streamlines operating divisions Topics: Casino & games Lottery People Sports betting Strategy Slots 7th May 2019 | By contenteditor Email Address Tags: Mobile Online Gambling Slot Machines Casino & games Regions: Europe Southern Europe Greece Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Greek lottery and gaming solutions provider Intralot has reorganised its operations, technology, digital and commercial divisions as part of a wider restructuring of the business.last_img read more

Bumble shares jump 60%+ in the first day of trading. Should I buy right now?

first_img “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Bumble shares jump 60%+ in the first day of trading. Should I buy right now? jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Jonathan Smith | Saturday, 13th February, 2021 Simply click below to discover how you can take advantage of this. Last week I wrote about the Moonpig IPO here in the UK. It’s had a choppy few days of trading, but it’s up from the 410p issue price, now at almost 434p. Another big IPO happened on Thursday in the US. The dating app Bumble (NASDAQ:BMBL) started its new life as a publicly traded company, with a lot of press coverage. Bumble shares attracted interest for several reasons, and finished the day up 63%. Volatility is high when a stock first starts to trade, so early price jumps can be followed by plunges.What’s the story?Bumble is an online dating matchmaker. It has stiff competition from from a host of other dating companies. The main USP with Bumble is that women are the ones who make the first move. So if a man and a woman both match with each other, she’s the one who initiates the conversation. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The USP has stuck, with Bumble going from zero users in 2014 to 40m active users today. Its founder, Whitney Wolfe-Herd, also co-founded Tinder and helped to run Badoo, another dating app. Clearly, she’s very good at what she does, and the success of the company can be attributed largely to her. Bumble makes money from users subscribing for more premium services, and in-app purchases. As a private business until this week, it’s hard to find accurate revenue or profit figures. The information I have shows impressive revenue growth, from $10m in 2016 to $240m in 2019. This revenue is expected to grow due to the increased usage of dating apps. Further, the impact of the pandemic could lead to a boom in demand from singles to meet new people.Are Bumble shares worth buying?It’s always hard to judge the fair value of a stock that’s just started to trade publicly. The current valuation sits around $10bn, which does seem high in my opinion. However, it falls into the technology space whereby investors tend to value it based on potential earnings several years down the line.As a more traditional investor, I’m not a huge believer in this style of modelling. Bumble has only been trading since 2014, and has ridden on the coattails of the boom in technology usage. The revenue and user growth year-on-year is impressive, but I imagine it will plateau as it reaches scale.Another risk I see for the sustainability of Bumble shares going up is user conversion. It’s reported that of the 40m active users, 2.4m are on a paid subscription. As the active user base grows, Bumble needs to ensure the paid subscription figures grow in proportion. This would involve studying particular features of the app in order to target what people would be happy paying for.Given the positive response on the first day of trading, it shows me that Bumble shares are definitely on investors’ minds right now. I think the success story of the founder is incredible, and that the business is performing well. But given the lack of company information in the public domain, I can’t fully assess it right now. So I’m going to stay away for the moment, and wait for a trading update. See all posts by Jonathan Smithlast_img read more

Montebar Villa / JMA

first_imgPhotographs:  Jacopo Mascheroni Manufacturers Brands with products used in this architecture project Projects ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/777437/montebar-villa-jma Clipboard Montebar Villa / JMA Manufacturers: Acqua RisoltaStructural Engineer:Messi & Associati, Bellinzona – SwitzerlandMep Engineer:Alternativa Energetica, Sigirino – SwitzerlandPrefabricated Structure:Rihter, Ljubno ob Savinji – SloveniaFacade Cladding:Geos Italy, San Mauro T.se (Torino) – ItalyCurtain Wall / Windows:Casma Involucri Edilizi, Pinerolo (Torino) – ItalyWaterproofing:Acqua Risolta, Quinto Vicentino (Vicenza) – ItalyLighting Fixtures:Oty Light, Scorzè (Venezia) – ItalyPlumbing Fixtures:Acqua Design, San Donà di Piave (Venezia) – ItalyArchitect In Charge:Jacopo Mascheroni, Diego MagrìCity:MedegliaCountry:SwitzerlandMore SpecsLess SpecsSave this picture!© Jacopo MascheroniRecommended ProductsWoodBruagBalcony BalustradesWindowsFAKRORoof Windows – FPP-V preSelect MAXWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40DoorsECLISSESliding Pocket Door – ECLISSE LuceText description provided by the architects. The Montebar Villa is a prefabricated wood house lying on a panoramic spot facing the Swiss alps, in a privileged position with sun light during the four seasons.  A magical place where the silence is alternated  with the gentle chimes of cows at pasture in the distance, where the calm breezes coax tree branches and grasses to release and carry a sweet and fragrant air.  Save this picture!© Jacopo MascheroniThe project was created around the local building code, which imposes each house to have a dark gray pitched roof for a better integration with the environment.  Starting from this constraint, the idea developed into an homogeneous solution using the same material for both the roof and façades, in order to provide the building with a monolithic aspect, like a stone in the landscape.Save this picture!© Jacopo MascheroniThe only exception is the South elevation, facing the valley, which grants a spectacular 180 degree view through a curtain-wall that encloses the living area and folds inside creating a loggia to be used in the warmer months.Save this picture!Floor PlanThe house is placed at the edge of a slope with vineyards just a few meters below and around. It’s constructed with prefabricated and thermally insulated wood elements, ideal for this type of climate, and the entire structure has been assembled in a few days.  The same stratigraphy has been designed for both the roof and the perimeter walls, with 22 centimeters of thermal insulation and a double layer of ventilation, in order to achieve high standards of energy performances.  The final cladding material uniforming the shell is a ventilated façade with porcelain stoneware tiles and an invisible fastening system.  To complete the energy efficiency of the building, the glass façade of the living area has a curtain wall with thermally broken aluminum horizontal profiles and vertical glass fins, and with insulated selective and low-e glass.  The rest of the windows have a thermally broken aluminum profile with triple insulated glazing. Save this picture!© Jacopo MascheroniA big part of the design phase was spent investigating several options for the exterior cladding, in order to achieve flush surfaces and obtain a pure and simple form.  Every face of the shell has been designed tile by tile, with a  dynamic pattern composed with three different formats, and many tiles have mitered edges.Save this picture!© Jacopo MascheroniThe same porcelain stoneware material has been applied to the custom designed folding shutters, to match and align with the façade pattern when they are closed.  The six-sided roof is offset toward the mountain and it’s calibrated to have the largest side with the same mountain inclination, for a better integration with the landscape. Save this picture!© Jacopo MascheroniHigh standards of energy saving have been adopted to keep low maintenance costs during the four seasons.  Besides the high-performance shell, the floor radiant heating is powered by and electric pump and all lighting fixtures have led lamps. The cooling during the summer months is provided by natural ventilation, with the colder air rising from the creek on the western side and crossing the entire house.   The house, with living area on the south side, three bedrooms, a study room, two bathrooms, a laundry room, a technical room, pantry and storage rooms, is organized on one level except the two children bedrooms which are double height and have a loft with bed and tv.Save this picture!© Jacopo MascheroniProject gallerySee allShow lessEnnead Architects Design Huawei Research Center in Wuhan, ChinaUnbuilt ProjectHear This Croatian Seawall Sing as the Wind and Waves Lap the ShoreArchitecture News Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/777437/montebar-villa-jma Clipboard Switzerland Save this picture!© Jacopo Mascheroni+ 17 Share CopyHouses•Medeglia, Switzerland Area:  200 m² Year Completion year of this architecture project center_img “COPY” Architects: JMA Area Area of this architecture project Houses Photographs 2015 “COPY” Year:  Montebar Villa / JMASave this projectSaveMontebar Villa / JMA CopyAbout this officeJMAOfficeFollowProductsWoodStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMedegliaSwitzerlandPublished on November 20, 2015Cite: “Montebar Villa / JMA” 20 Nov 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsCompositesMitrexPhotovoltaic Solar Cladding – BIPV CladdingMetal PanelsAurubisCopper Alloy: Nordic BronzeBathroomsGeberitBathroom Series – ONESkylightsLAMILUXGlass Skylight F100 CircularMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassAluminium CompositesAmerican MetalcraftAluminum Panels – Decorative Fencing for BridgesPanels / Prefabricated AssembliesULMA Architectural SolutionsWater Facade PanelDoorsLinvisibileLinvisibile Concealed Sliding Door | MareaWall / Ceiling LightsiGuzziniExterior Light – WalkyWoodPlycoWood Boards – Birch LaserplyMore products »Read commentsSave想阅读文章的中文版本吗?Montebar别墅 / JMA是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Robin Hood Was Right: A Guide to Giving Your Money for Social Change (Norton Paperback)

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 22 November 2007 | News  17 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Robin Hood Was Right: A Guide to Giving Your Money for Social Change (Norton Paperback)last_img read more

Lake District currency to benefit two local charities

first_imgLake District currency to benefit two local charities Melanie May | 14 May 2018 | News  194 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. The Lake District has launched its own local currency, as part of a private initiative aimed at creating a unique visitor experience, driving trade to local businesses and raising money for two local charities.The currency launched on 1 May, with people able to spend the Lake District’s own £LD1, £LD5, £LD10 and £LD20 notes in over 200 locally owned businesses and tourist attractions that are part of the initiative and display the LD£ symbol in their windows. The Lake District Pound can be used interchangeably with and alongside Sterling, but can only be spent with participating businesses. Each note features prominent figures from the history of the Lake District and tells the story of a different aspect of the local character.  193 total views,  3 views today Advertisement Tagged with: Finance New currency will be released each year and valid from January 31 for 12 months. However, the new designs will be available from December, giving people a two-month overlap to exchange the previous year’s currency for Sterling or new Lake District currency.People can exchange their Sterling for Lake District pounds at a number of Exchange Points across the region, including at most Post Offices. They are also available from the Lakes Currency Project’s website. People can also swap the notes back before the end of their holiday or send them back to the Lakes Currency Project, which will redeem them electronically.Every time someone keeps an LD£ as a memento, proceeds from the unredeemed Sterling will be divided between Cumbria Community Foundation and the Lake District Foundation.Ken Royall, founder and director of the Lakes Currency explained how this would benefit the charities:“The money exchange points use to buy the Lake District pounds is kept in our Sterling reserve account, so that every Lake District Pound in circulation is backed by an equivalent pound in Sterling. When people buy a Lake District pound and keep it as a memento of their visit, this is obviously a Lake District pound that we don’t have to redeem. This will create the proceeds to run the company and the remainder is donated to our charity partners. “If just half of the 18m visitors who are estimated to come to the Lakes every year took just LD£1 home that would create £9m. Even though we expect that the take up might be quite a lot less than this, you can still see that there is the potential to generate a lot of funds for our charity partners.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7last_img read more

Trump talks Democrats, impeachment at Dallas rally

first_imgRELATED ARTICLESMORE FROM AUTHOR Previous articleO’Rourke urges unity during Grand Prairie rallyNext article25 years of legacy: Women and gender studies at TCU Michael Rogers TCU, SMU students collaborate on app for students, businesses World Oceans Day shines spotlight on marine plastic pollution Michael Rogershttps://www.tcu360.com/author/michael-rogers/ TCU places second in the National Student Advertising Competition, the highest in school history printPresident Donald Trump took aim at the “hateful” and “enraged” Democrats leading the ongoing impeachment inquiry at his “Keep America Great” campaign rally in Dallas Thursday night.The president spoke at the American Airlines Center to over 20,000 supporters, with several thousand others also watching outside the arena. Trump said he doesn’t believe Democrats “love this country anymore” and that “the survival of American democracy” is at stake in the upcoming election.“The Democrats have betrayed our country,” Trump said. “But no matter how hard they try the people of America, and the people of Texas, will never stop believing.”Trump also fired back at House Speaker Nancy Pelosi, who said he had a “meltdown” during a meeting with congressional Democrats Wednesday at the White House.Trump called Pelosi “crazy” numerous times and told supporters her party is “crooked…far worse now than they’ve ever been.”Trump also warned the move to possibly oust him through the impeachment process will backfire against the Democrats and he said he’d win reelection in 2020. “It’s going to be a landslide,” Trump said. “We have to make it a landslide.”In nearby Grand Prairie, Democratic presidential candidate Beto O’Rourke held a counter-rally to a crowd of about 5,500. Trump called the former El Paso congressman “very dumb” for suggesting he’d remove tax-exempt status on religious institutions that provide public services but discriminate against same-sex marriage, as well as his call for a mandatory buyback program for assault weapons.“Beto, in a few short weeks, got rid of guns and got rid of religion,” Trump said. “Those are not two good things in Texas.”The president also called out Democrats for engaging in “endless wars” that bring “death and destruction” before highlighting the five-day ceasefire his administration brokered between Turkey and Syria earlier Thursday.“It’s tough love with Turkey; if we didn’t have tough love then we wouldn’t have been able to make this deal,” Trump said. “Without spilling American blood–not one drop–we’ve all agreed on a pause or ceasefire on the border region of Syria.”Vice President Mike Pence and Turkish President Recep Erdoğan brokered a deal this week that brought a ceasefire between the two countries, during which time YPG fighters–a Syrian Kurdish fighting force in the region that has helped the U.S. fight ISIS for years–would withdraw from a 20-mile safe zone near the Turkish border.“The same people wanting us to continue these endless wars overseas are the same people who want undocumented people from other countries to come in,” Trump said. Michael Rogershttps://www.tcu360.com/author/michael-rogers/ Linkedin NewsPolitiFrogPolitiFrog NewsTrump talks Democrats, impeachment at Dallas rallyBy Michael Rogers – October 18, 2019 1325 Michael Rogers ReddIt Twitter + posts center_img Facebook Michael Rogershttps://www.tcu360.com/author/michael-rogers/ Linkedin Former President Jimmy Carter hospitalized Twitter With the possible exception of Lincoln and Washington, President Trump said his election may have been the best ever. (Photo courtesy of Michael Rogers) Michael Rogershttps://www.tcu360.com/author/michael-rogers/ ReddIt ‘Unchartered territory’ as Trump impeachment trial begins in the Senate Facebook ACT, SAT scores now optional for students applying to TCU in 2021 Welcome TCU Class of 2025last_img read more

Newspaper editor arrested again, residence permit seized, in continuing harassment

first_img Reporters Without Borders calls for an immediate end to Gambian government harassment of Nigerian journalist Abdullamid Adiamoh, the managing editor of the Banjul-based independent newspaper Today, whose residence permit was confiscated by the police when they arrested him at his home on 11 August and held him for 24 hours.“The Gambian authorities are adept at the most base methods of harassing anyone who gets in their way,” the press freedom organisation said. “Adiamoh is once again the target of pressure that is meant to make his life in Gambia impossible.”Plain-clothes police searched Adiamoh’s home on 11 August, confiscated his residence permit and took him to the headquarters of the criminal investigation police in Banjul and questioned him about his status as a foreign resident in Gambia, where he has lived for more than 10 years. He was released the next day.Adiamoh was previously arrested on a sedition charge on 17 July in connection with an article two days before in which he said many children between the ages of 7 and 9 did not go to school and sold scrap metal to survive.A verdict is meanwhile expected today in the cases of freelance journalist Fatou Jaw Manneh, who was arrested by the National Intelligence Agency on her arrival at Banjul international airport on 28 March 2007 on a flight from the United States. She faces a possible three-year prison sentence on charges of intention to commit sedition, publication of seditious words and publication of false news intended to create public fear and alarm. See release of 5 April 2007. Gambia: former president must stand trial for journalist’s murder August 6, 2020 Find out more News Organisation July 23, 2019 Find out more News GambiaAfrica to go further News Help by sharing this information Receive email alerts News Follow the news on Gambia RSF_en Gambia still needs to address challenges to press freedom Three journalist arrested, two radio stations closed in Gambia January 27, 2020 Find out more GambiaAfrica August 18, 2008 – Updated on January 20, 2016 Newspaper editor arrested again, residence permit seized, in continuing harassment Reporters Without Borders calls for an immediate end to Gambian government harassment of Nigerian journalist Abdullamid Adiamoh, the managing editor of the Banjul-based independent newspaper Today, whose residence permit was confiscated by the police when they arrested him at his home on 11 August and held him for 24 hours. last_img read more

Hermitage Green get loved up for good cause in Limerick

first_imgNewsLocal NewsHermitage Green get loved up for good cause in LimerickBy Alan Jacques – February 11, 2015 996 Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Advertisement Predictions on the future of learning discussed at Limerick Lifelong Learning Festival WhatsApp Dermot Sheedy, Hermitage GreenSiobhan Mungovan, Mid West Spina Bifida Association member, and Barry Murphy, Hermitage Green.(Pic: Paul Mullins Photography)LIMERICK band Hermitage Green will share the love on Valentine’s Day as they serenade fans at a special city gig in aid of Mid West Spina Bifida Association.The popular local boys will perform unplugged at The Orchard Bar on February 14 as well as revealing a little about their music and inspirations in a unique questions and answers session.Sign up for the weekly Limerick Post newsletter Sign Up Michelle Daly Hayes, development manager at the charity commented, “We at the Mid-West Spina Bifida and Hydrocephalus Association are delighted to have Hermitage Green here to offer this unique fundraiser.”“The guys have been so helpful and 100 per cent of the ticket price is going to the charity. We are only 40 per cent funded by the HSE so we are hoping this event will help us to carry on providing our vital services for our members,” said Ms Hayes.Mid-West Spina Bifida work with 106 families with members who have Spina Bifida and/or Hydrocephalus in Limerick, Clare and North Tipperary. The charity has been in existence since 1982 and provides vital services such as physiotherapy, family support and counselling to those with the condition which causes incomplete development of the spinal cord. The effects of the condition vary from profound physical and intellectual disability to milder disabilities.Tickets for Hermitage Green’s Valentine’s night gig in aid of the charity are €20 and there also will be a fundraising raffle taking place on the night. Call 061-439990 or email [email protected] to reserve your tickets. Print Facebook TAGSfeaturedfull-imageHermitage GreenlimerickMid-West Spina Bifida and Hydrocephalus Association Emailcenter_img Limerick’s National Camogie League double header to be streamed live Linkedin Limerick Ladies National Football League opener to be streamed live Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Previous articleShannon RFC’s Fitzgerald gets Irish 20’s call upNext articleWindow dressing for Limerick Literary weekend of greats Alan Jacqueshttp://www.limerickpost.ie WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads RELATED ARTICLESMORE FROM AUTHOR Twitterlast_img read more

Janus Henderson Announces Pricing of Secondary Offering of Common Stock by Dai-ichi Life Holdings,…

first_img Facebook Previous articleThe Latest: NHL postpones Avalanche games due to COVID-19Next articleAllen leads balanced Utah past Arizona 73-58 Digital AIM Web Support Janus Henderson Announces Pricing of Secondary Offering of Common Stock by Dai-ichi Life Holdings, Inc. and Associated Repurchase of its Common Stock By Digital AIM Web Support – February 4, 2021 Twitter Pinterest Local NewsBusiness LONDON–(BUSINESS WIRE)–Feb 4, 2021– Janus Henderson Group plc (NYSE/ASX: JHG; the ‘Company’) announces today the pricing of the secondary offering of 30,668,922 shares of common stock by its largest stockholder, Dai-ichi Life Holdings, Inc. (the ‘Selling Stockholder’), at a price of $29.25 per share. The Company has agreed to purchase, as part of the offering, 8,048,360 shares of common stock through the underwriters pursuant to the Company’s previously announced repurchase program at the price at which the shares of common stock are sold to the public in the offering, less the underwriting discount. The Company intends to fund the repurchase with cash on hand. The repurchased shares will be cancelled and no longer outstanding following the completion of the repurchase. The offering will result in the Selling Stockholder exiting its entire ownership position in the Company. The Selling Stockholder will receive all the proceeds from the offering. The Company is not offering any shares of its common stock in the offering and will not receive any proceeds from the sale of its common stock by the Selling Stockholder. The offering is expected to close on 9 February 2021, subject to customary closing conditions. The secondary offering is occurring simultaneously in the United States and internationally through underwriters led by sole book-running manager Goldman Sachs & Co. LLC. The Company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘SEC’) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC, including the preliminary prospectus supplement dated 4 February 2021, for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement, when available, if you request them by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at +1 866 471 2526, or by email at [email protected] This announcement shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Janus Henderson Janus Henderson Group is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, fixed income, quantitative equities, multi-asset and alternative asset class strategies. At 31 December 2020, Janus Henderson had approximately US$402 billion in assets under management, more than 2,000 employees, and offices in 26 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX). Forward-Looking Statements Certain statements in this press release, and other statements that the Company may make, not based on historical facts are ‘forward-looking statements’ within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), and Section 27A of the Securities Act of 1933, as amended (the ‘Securities Act’). Such forward-looking statements involve known and unknown risks and uncertainties that are difficult to predict and could cause the Company’s actual results, performance or achievements to differ materially from those discussed. These include statements as to the Company’s future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects or future events. In some cases, forward-looking statements can be identified by the use of words such as ‘may’, ‘could’, ‘expect’, ‘intend’, ‘plan’, ‘seek’, ‘anticipate’, ‘believe’, ‘estimate’, ‘predict’, ‘potential’, ‘continue’, ‘likely’, ‘will’, ‘would’ and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. The Company does not undertake any obligation to publicly update or revise these forward-looking statements. Various risks, uncertainties, assumptions and factors that could cause the Company’s future results to differ materially from those expressed by any forward-looking statements included in this press release include, but are not limited to, risks, uncertainties, assumptions and factors discussed in filings or furnishings made by the Company with the SEC. Forward-looking statements speak only as of the date they are made, and, except as required by law, the Company assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. View source version on businesswire.com:https://www.businesswire.com/news/home/20210204006187/en/ CONTACT: Investor enquiries Melanie Horton Co-Head Investor Relations (Non-US) +44 (0)20 7818 2905 [email protected] Jim Kurtz Co-Head Investor Relations (US) +1 303 336 4529 [email protected] Media enquiries Stephen Sobey Head of Media Relations +44 (0)20 7818 2523 [email protected] Sarah de Lagarde Global Head of Communications +44 (0)20 7818 2626 [email protected] KEYWORD: COLORADO IRELAND AUSTRALIA/OCEANIA UNITED STATES UNITED KINGDOM NORTH AMERICA AUSTRALIA EUROPE INDUSTRY KEYWORD: FINANCE CONSULTING BANKING ACCOUNTING PROFESSIONAL SERVICES SOURCE: Janus Henderson Group plc Copyright Business Wire 2021. PUB: 02/04/2021 09:35 PM/DISC: 02/04/2021 09:35 PM http://www.businesswire.com/news/home/20210204006187/encenter_img Facebook TAGS  WhatsApp WhatsApp Twitter Pinterestlast_img read more

Payment Of Wages And Judicial Evasion In A Pandemic

first_imgColumnsPayment Of Wages And Judicial Evasion In A Pandemic Gautam Bhatia13 Jun 2020 9:31 PMShare This – xTwo days ago, on this blog, we discussed the pending challenge before the Supreme Court to the government’s directions requiring employers to pay wages to their workers during the nationwide lockdown imposed under the Disaster Management Act. At the time, the matter had been reserved for orders; today, the Supreme Court passed an order that can only be described as bizarre: it refused to rule…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginTwo days ago, on this blog, we discussed the pending challenge before the Supreme Court to the government’s directions requiring employers to pay wages to their workers during the nationwide lockdown imposed under the Disaster Management Act. At the time, the matter had been reserved for orders; today, the Supreme Court passed an order that can only be described as bizarre: it refused to rule on the legal issues before it, postponed arguments to the end of July (seven weeks from now), directed employers and employees to “negotiate” between themselves, but in the meantime extended its interim orders preventing any coercive action against employers for not complying with the direction to pay wages. In effect, therefore, the Court made the wages direction unenforceable without holding it to be illegal or unconstitutional, at least for the foreseeable future.What reasons did the Court provide for this failure to decide? It said that the issues raised had to be decided “together”, and could not be given “piecemeal consideration.” (paragraph 29) With respect, this is bogus. A perusal of the orders in the case reveals that the lead petition – Ficus Pax Private Lts. v Union of India was taken up for hearing on 27th April 2020, which – at the time of writing – was forty-seven days ago. On that day, the Court granted the Solicitor-General two weeks time to reply. The matter was then taken up on 15th May 2020, when notice was issued, made returnable in a week. It was taken up for a third time on 26th May 2020, where the Court noted that the Union’s counter had not been filed, and granted it another week, specifically in order for the Union to clarify its stand. A fourth hearing took place on 4th June 2020, where the Court observed that the counter affidavit had been filed, and that the hearing was complete.How then can the Court turn around on the 12th of June 2020, and say that because the issues cannot be considered “piecemeal”, the Union would be given time to file a more detailed counter-affidavit, with the hearing set for the end of July? Were four hearings not enough for the Court to achieve clarity on the exact scope of the case, for parties to file written submissions, and for arguments to take place – especially given how time-sensitive this litigation is (involving payment of wages to people living – literally – from paycheck to paycheck)? This becomes all the more inexcusable when we remember that if you pare it down to the essentials, all this case involves is a pure question of law: was the direction for the payment of wages, passed under the DMA, legal? This is a legal question that has one of two possible legal answers: “yes” or “no”.The Court’s order, however – as I noted in the first paragraph – did not merely delay the hearing. It delayed the hearing in a way that effectively skewed the case in favour of the employer. This is because, from April itself, the Court had passed orders directing that no coercive action be taken against employers who were violating the wages direction. In the 12th June order, the Court directed that this interim order remain in place; thus, it immunised the employers for (at least) a further seven weeks from requiring to comply with a direction that still remains presumptively legal and valid. Consider, also, what the direction was: the payment of wages for a total of fifty-four days (until the government withdrew it); the class of people most affected by it are precisely those for whom non-payment of wages is – quite literally – an existential issue; we have already seen, in this context, the large-scale migration (and the suffering that that has unleashed), predominantly caused by the closure of industry and the absence of livelihood options for workers who already exist in an extremely precarious economic situation. So it is unclear what purpose is served by the Court deciding at the end of July the issue of wages that were payable in the month of April, to those particularly dependent upon monthly payment.This, therefore, is a classic case of judicial evasion: the Court refrained from answering the legal question before it, but its refusal to answer created a status quo where one party benefited at the expense of the other (a decision by refusing to decide). Up until now, this technique was clearly seen in civil rights cases involving individuals against the State; unfortunately, it now seems to have bled into labour law cases pitting employers against employees.In order to justify its refusal to decide, the Court framed its task as one of balancing the claims of the employers and employees, in a context in which each needed the other. With respect, this is – again – bogus; because that balance was already struck by the government in the wages direction, where it ordered the payment of wages for a temporary and time-bound period (which was not even the full length of the lockdown). Now, in litigation, the limited remit of the Court was to find that the balance had been correctly struck – and uphold it – or to find that it was irrational or arbitrary, and strike it down.* But it was most emphatically not the Court’s task to suspend the operation of the direction – and then compound this by directing the employers and employees to negotiate with each other for the next seven weeks, until the matter could be heard again.This last part of the order – i.e., requiring employer-employee negotiation – is perhaps the most astounding part of the entire story, because here the Court entirely reversed the balance that the government had chosen to strike in the wages direction. The very fact that the government issued the wages direction in the first place was because, in its view, an open negotiation between employers and employees – “collective laissez faire”, in the words of Kahn-Freund – would not have protected the interests of the latter; the reasons are obvious, and they rest in the vast differences in power between the two parties. When, therefore, the Court stayed coercive action and directed negotiation, it was not achieving any kind of “balance”: rather, it was overturning the government and holding in favour of the employers, without even the courtesy of a reasoned judgment or a finding of illegality.What explains this? It is my submission that – as pointed out in the previous post – the wages direction was so inextricably bound up with the rest of the lockdown regulations, that it would have been very difficult for the Court to strike it down without the lockdown itself (legally) unraveling; furthermore, the inequity of a situation in which numerous rights violations by the government over the last two months had been nodded and winked at, while the only effective legal measure in support of vulnerable sections had been struck down, would have been too stark to stomach. Thus, we have a via media where, in the finest traditions of judicial evasion, the stronger party wins, but it wins through an indirect maintenance of the status quo rather than a direct judgment that would require the Court to actively hold in favour of the stronger party.This is, for obvious reasons, unfortunate.* On this point, it is important to note that even in contexts not involving big industries, the law often imposed a basic notice-and-one-month-wages obligation on employers; for example, Section 39 of the Karnataka Shops and Establishments Act requires that prohibits dismissal of any employee without one month’s notice or payment in lieu of wages; so it is difficult to see how the wages direction went particularly beyond even the existing legal framework in requiring payment of wages for fifty-four days, far from radically altering the balance of power between employer and employee.Views are personal only.This article was first published here Next Storylast_img read more