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Analysts said the short-lived impact of Lee's detention on share prices is similar to what happened the first time Lee was imprisoned in 2017, despite what may be more reactivity to news and rumours because of increased retail investor participation in the stock market. But corporate governance experts fear Lee's pledge to make compliance a top priority may lose steam, especially because it is no longer a part of his case for leniency. Lee entered a detention centre on Monday after the Seoul High Court sentenced him to prison for bribing an associate of former President Park Geun-hye and other charges.
Hackers are selling Depop app account details on the dark web for as little as 77p each online.
Highlights, scores, and more from Monday's NHL games.
Several days ago, Jiangsu Guoqiang Galvanization Industrial Company (Hereinafter JSGQ) announced that they broke through 20 billion yuan annual sales revenue, hitting a record high of its 22-year development. How did this Chinese hot dip galvanizing enterprise create a miracle?
The US president-elect dismisses a White House order lifting entry bans for much of Europe and Brazil.
In Guanay and Tipuani in the La Paz area, local rivers burst their banks early in the morning and catching residents off guard. Residents complained of the lack of assistance from authorities to help those in homes who have been damaged by the flood waters. In Cochabamba the floods have also affected livelihoods. According to reports, more than 17,000 chickens in a farm drowned in the floods. Bolivia's civil defence body has reported that 13,000 families have been left affected the floods across various parts of the country. No deaths have yet been reported.
Gold prices ticked up on Tuesday, off a 1-1/2-month low hit in the previous session, as the U.S. dollar slipped while prospects of further global stimulus underpinned the safe-haven metal. U.S. gold futures gained 0.5% to $1,839.40. "The key factor appears to be the (U.S.) currency," Michael McCarthy, chief market strategist at CMC Markets said, adding that despite a recent bounce in the dollar, there can be further weakening and that will support bullion.
The Public Enemy co-founder's "It's So Hard to See My Baseball Cards Move On" pays homage to the MLB icons who died over the past year.
Details of Joe Biden’s bumper stimulus plan hoped to fuel shares
Mets general manager Jared Porter sent graphic, uninvited text messages and images to a female reporter in 2016 when he was working for the Chicago Cubs in their front office, ESPN reported Monday night. ESPN said it obtained a copy of the text history. New York hired the 41-year-old Porter last month.
Ever since Rage Against the Machine made it to the top slot in 2009, there’s been a steady drip of political protest campaigns edging into the UK singles chart. Will Pritchard speaks to Stewart Lee and more about whether a No 1 can change the world
The UFC’s second main event of the year between Michael Chiesa and Neil Magny is official.
Alstom’s orders and sales for the first nine months of 2020/21 Level of order intake at €4.5 billion, with solid order intake in Q3, and sustained record backlog at €40.1 billion9 months sales at €5.6 billion, in line with targeted trajectoryFull year outlook and mid-term 2022/23 guidance confirmed, supported by positive Q4 commercial pipeline and mid-term rail market perspectivesAlstom leadership in ESG confirmed 19 January 2021 – Over the third quarter 2020/21 (from 1 October to 31 December 2020), Alstom booked €1.8 billion of orders. The Group’s sales reached €2 billion (+2% organic versus last year).For the first nine months of 2020/21 (from 1 April to 31 December 2020), Alstom’s order intake reached €4.5 billion. The Group’s sales reached €5.6 billion in line with targeted trajectory. The backlog, on 31 December 2020, reached €40.1 billion and provides strong visibility on future sales. Key figures Actual figures 2019/20 2020/21 2019/20 2020/21 Var. % Var. % (in € million) Q1 Q2 Q3 Q4 Q1 Q2 Q3 9 months 9 months Actual Organic Orders received 1,620 2,998 3,563 1,719 1,651 1,001 1,836 8,181 4,488 (45%) (45%) Sales 2,054 2,086 2,060 2,001 1,507 2,011 2,049 6,200 5,567 (10%) (8%) Geographic and product breakdowns of reported orders and sales are provided in Appendix 1. All figures mentioned in this release are unaudited. “During the third quarter, Alstom secured various large orders in Europe and Asia-Pacific, including an emblematic signalling contract between Delhi and Meerut in India. Regarding sales, the ramp up of our major rolling stock projects is continuing this quarter along with signaling contracts. Alstom leadership in Corporate Social Responsibility and Sustainability were recognized by the Dow Jones Sustainability Indices and by global environmental non-profit CDP. Finally, we are very close to opening a new chapter in our history by finalizing the acquisition of Bombardier Transportation on January 29th”, said Henri Poupart-Lafarge, Alstom Chairman and Chief Executive Officer. *** Detailed review During the third quarter of 2020/21 (from 1 October to 31 December 2020), Alstom recorded €1,836 million of orders, versus €3,563 million in Q3 2019/20 which was notably high with large orders. Europe accounted for the majority of the orders of the Group with notably one large metro system contract in Toulouse worth more than €470 million. It also included large rolling stock contracts with the supply of up to 30 Metropolis™ trains in Romania and 64 low-floor tramways in Germany. Orders in Signalling and Services were positive with respectively €452 million and €431 million booked during the quarter. Alstom has notably been awarded its first contract in Mainline Signalling in India worth €106 million for ETCS between Delhi and Meerut. Regarding sales, €2,049 million were traded in the third quarter 2020/21 (from 1 October to 31 December 2020) versus €2,060 million in Q3 2019/20. These slightly growing sales (+2% organic) are mainly due to a ramp-up in Rolling Stock and Signalling, which compensated the anticipated decline of Systems and a decrease in Services. Signalling sales increased significantly by 10% organic and reached €425 million. Compared to Q3 2019/20, Rolling Stock sales grew by 9% organic with continued ramp-up. Systems anticipated decline by 23% organic compared to Q3 2019/20 is due notably to contracts nearly completed in Middle-East. Services, impacted by Covid-19, show a decrease at 7% organic. *** Main events of the third quarter 2020/21 v Key project deliveries In November 2020, the SriCity factory in Andhra Pradesh that manufactures Rolling Stock for Urban Metro projects, successfully completed production of its 500th Metro Car. As Alstom’s largest Urban Rolling Stock manufacturing unit in the Asia-Pacific region, this facility is delivering metro trainsets to not only Indian cities but also worldwide. The currently operational metro trainsets built at this facility have clocked over 27 million kilometres cumulatively. Alstom has successfully completed phase 1 of the Light Rail Transit project of Lusail, a planned city currently under construction near Doha, Qatar. This phase of the project is covering 9.7 km of single-track catenary-free and 12.8 km of single-track underground line. The operation of the network will be executed with Citadis X05 new generation trams with a capacity of 209 passengers utilizing both catenary and catenary-free technology (APS). v Investment In December 2020, Alstom finalised the acquisition of a minority stake in Cylus, an Israel-based cybersecurity specialist. Together, Alstom and Cylus will integrate cybersecurity technology into railway processes, components, and solutions. The technology will be implemented first in the Tel Aviv metropolitan light rail system with a capacity of 200,000 passengers a day. v Smart and green mobility In October 2020, for the first time in France, a locomotive has run in partial autonomy, under real operating conditions, with fully automated acceleration and braking functions. The consortium, consisting of Alstom, Altran, Apsys, Hitachi Rail, Railenium and SNCF, carried out all the steps that made this important trial possible: from the design to the description of the computer systems, cabling and software programming. The next key stage of the project will be the circulation, at the end of 2021, of a train with the same level of partial autonomy on a line equipped with lateral signalling1 without any modification to the infrastructure. In November 2020, Alstom’s innovative predictive maintenance solution for rolling stock, HealthHub™ TrainScanner™, has entered in service in Warsaw’s Pendolino Service Centre, where it will be used to maintain the fleet of 20 Avelia Pendolino™ operated by PKP Intercity. TrainScanner™ provides predictive maintenance and continuous assessment of rolling stock’s technical condition. TrainScanner™ and HealthHub™ provide significant benefits in terms of both maintenance and operation, lowering the consumption of materials and the number of required maintenance activities, and thus enabling significant savings for fleet owners and operators. Finally, in November 2020, the board of FNM, Lombardy’s leading public transport group, approved the supply by Alstom of six hydrogen fuel cell trains, with the option for eight more. This order confirms the leading position of the Group in green mobility and more specifically on this promising new hydrogen market. *** Alstom leadership in ESG confirmed and rewarded during this third quarter During the third quarter of 2020/21, Alstom reached two significant recognitions of its Corporate Social Responsibility and Sustainability leading efforts. Alstom has attained the highest possible score of “A” in the 2020 annual assessment for transparency and leadership on climate issues, run by the global environmental non-profit CDP. This shows an improvement over last year’s score of “A-“, underlining Alstom's commitment, robust policy and demonstrable actions to cut emissions and contribute to the development of the low-carbon economy. Alstom is one of a small number of high-performing companies out of 5,800+ that were scored. For the tenth consecutive year, Alstom has been included in the Dow Jones Sustainability Indices (DJSI), World and Europe, attesting to its leadership position in sustainable business practices. The Company reached an overall score of 78 out of 100 in the Corporate Sustainability Assessment (95% percentile 2020). Alstom has maintained its ranking amongst more than 7,300 assessed companies, now being part of the Top 5% of the best scored companies in its industry. This year, Alstom has significantly improved its assessment in the areas of codes of business conduct, policy influence and social reporting. *** Bombardier Transportation acquisition update On December 3rd, 2020, Alstom achieved a decisive milestone in the acquisition of Bombardier Transportation with the large success of its capital increase with a subscription rate of approximately 170%. On January 5th 2021, Alstom successfully carried out an 8-year € 750 million senior bond issuance at a 0% fixed coupon. The proceeds of the issue of the bonds will be used for general corporate purposes including the financing of part of the acquisition of Bombardier Transportation complementing the capital increases. All the regulatory approvals necessary for the completion of the Acquisition having been received, the completion of the acquisition is expected to take place on January 29th, 2021. *** Outlook for fiscal year 2020/212In 2019/20, the Group launched the Alstom in Motion (AiM) strategic initiative and has since been taking steps to deliver revenues and margin growth in line with the objectives set by this plan for 2022/23.The Covid-19 crisis is negatively affecting the financial performance of the 2020/21 fiscal year. Yet, Alstom is anticipating a strong pipeline for H2 2020/21 and observed a solid production pick-up during Q2 and Q3 2020/21.Thus, Alstom targets the following outlook for the 2020/21 fiscal year, assuming that the ongoing Covid-19 situation does not have a material effect on production or on the commercial tendering schedule3: Commercial performance allowing a book to bill ratio above one;Sales between €7.6bn and €7.9bn;An adjusted EBIT margin in the 7.7% - 8.0% range;Breakeven to positive Free Cash Flow generation4. Mid-term outlook for fiscal year 2022/23² The outlook given in connection with the May 12, 2020 annual results announcement is confirmed In the context of the Covid-19 crisis, the objective of a 5% average annual growth rate over the period from 2019/20 to 2022/23 should be slightly impacted by the temporary slowdown of tender activity, yet the 2022/23 objectives of 9% aEBIT margin and of a conversion from net income to free cash flow above 80% are confirmed. With a strong liquidity position, a demonstrated ability to deliver execution and profitability and the rapid launch of a cost and cash mitigation plan the Group is confident in its capacity to weather the crisis as well as to capture opportunities in a resilient rail market and contribute to the transition towards sustainable transport systems. About Alstom Leading the way to greener and smarter mobility worldwide, Alstom develops and markets integrated systems that provide the sustainable foundations for the future of transportation. Alstom offers a complete range of equipment and services, from high-speed trains, metros, trams and e-buses to integrated systems, customised services, infrastructure, signalling and digital mobility solutions. Alstom recorded sales of €8.2 billion and booked orders of €9.9 billion in the 2019/20 fiscal year. Headquartered in France, Alstom is present in over 60 countries and employs 38,900 people. Contacts Press:Coralie COLLET - Tel.: +33 (1) 57 06 18 81coralie.collet@alstomgroup.com Samuel MILLER - Tel.: +33 (1) 57 06 67 74Samuel.miller@alstomgroup.com Investor relations:Julie MOREL - Tel.: +33 (6) 67 61 88 58Julie.morel@alstomgroup.com Claire LEPELLETIER – Tel.: +33 (6) 76 64 33 06claire.lepelletier@alstomgroup.com This press release contains forward-looking statements which are based on current plans and forecasts of Alstom’s management. Such forward-looking statements are relevant to the current scope of activity and are by their nature subject to a number of important risks and uncertainty factors (such as those described in the documents filed by Alstom with the French AMF) that could cause actual results to differ from the plans, objectives and expectations expressed in such forward-looking statements. These such forward-looking statements speak only as of the date on which they are made, and Alstom undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise. FY 2020/21 forecasts are based on Alstom’s scope of consolidation at the end of September 2020, therefore exclude any scope impacts from the expected Bombardier Transportation acquisition. They are mainly based on the following assumptions: Alstom internal assumptions The sales improvement in the second semester as compared to the first semester will primarily come from a decrease in the Covid-19 related disruptions that affected Alstom during the first half of this fiscal year, and from the execution of its orders backlog.The adjusted EBIT margin improvement compared to the first semester will primarily come from additional volume, rigorous project execution, and the delivery of projected sourcing savings. Standardisation of engineering tools and processes together with design to cost, and optimisation of our footprint both for engineering and manufacturing, will also support the improvement of Alstom performance. In addition, digital transformation, combined with efficient discipline in overhead cost management, will contribute to the improvement of the adjusted EBIT margin.Improved cash generation over the second semester as compared to the first semester will mainly come from accelerated deliveries and commercial performance. It remains subject to usual short-term volatility in down- and progress payments from clients. Macro-economic assumptions They have been established excluding any major variations in exchange rates of the currencies of the main countries outside of Euro-zone in which the Group generates its revenues, compared to the rates in effect as at 30 September 2020. They assume an overall stable political environment in areas where Alstom operates or delivers products. They assume the absence of Covid-19 crisis-related production slowdowns, arising from partial or full lockdown situations, that would exceed the lockdown measures in place on the date of this document and affecting either Alstom or its key suppliers. In addition, they assume that customer tenders scheduled for the second semester will not considerably shift to later periods and that train mileage for purposes of calculating indexed payments under maintenance contracts will not decrease very significantly during the remainder of the second semester due to the ongoing health crisis. This press release does not constitute or form part of a prospectus or any offer or invitation for the sale or issue of, or any offer or inducement to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for any shares or other securities in the Company in France, the United Kingdom, the United States or any other jurisdiction. Any offer of the Company’s securities may only be made in France pursuant to a prospectus having received the visa from the AMF or, outside France, pursuant to an offering document prepared for such purpose. The information does not constitute any form of commitment on the part of the Company or any other person. Neither the information nor any other written or oral information made available to any recipient or its advisers will form the basis of any contract or commitment whatsoever. In particular, in furnishing the information, the Company, the Banks, their affiliates, shareholders, and their respective directors, officers, advisers, employees or representatives undertake no obligation to provide the recipient with access to any additional information APPENDIX 1A – GEOGRAPHIC BREAKDOWN Actual figures 2019/20 % 2020/21 % (in € million) 9 months Contrib. 9 months Contrib. Europe 6,092 74% 2,674 59% Americas 504 6% 324 7% Asia / Pacific 1,531 19% 611 14% Middle East / Africa 54 1% 879 20% Orders by destination 8,181 100% 4,488 100% Actual figures 2019/20 % 2020/21 % (in € million) 9 months Contrib. 9 months Contrib. Europe 3,500 56% 3,263 59% Americas 1,015 16% 902 16% Asia / Pacific 655 11% 671 12% Middle East / Africa 1,030 17% 731 13% Sales by destination 6,200 100% 5,567 100% APPENDIX 1B – PRODUCT BREAKDOWN Actual figures 2019/20 % 2020/21 % (in € million) 9 months Contrib. 9 months Contrib. Rolling stock 4,099 50% 1,370 30% Services 2,719 33% 1,251 28% Systems 91 1% 847 19% Signalling 1,272 16% 1,020 23% Orders by destination 8,181 100% 4,488 100% Actual figures 2019/20 % 2020/21 % (in € million) 9 months Contrib. 9 months Contrib. Rolling stock 2,897 47% 2,781 50% Services 1,109 18% 1,013 18% Systems 1,078 17% 657 12% Signalling 1,116 18% 1,116 20% Sales by destination 6,200 100% 5,567 100% APPENDIX 2 - NON-GAAP FINANCIAL INDICATORS DEFINITIONS This section presents financial indicators used by the Group that are not defined by accounting standard setters. Orders received A new order is recognised as an order received only when the contract creates enforceable obligations between the Group and its customer. When this condition is met, the order is recognised at the contract value.If the contract is denominated in a currency other than the functional currency of the reporting unit, the Group requires the immediate elimination of currency exposure through the use of forward currency sales. Orders are then measured using the spot rate at inception of hedging instruments. Order backlog Order backlog represents sales not yet recognised on orders already received. Order backlog at the end of a financial year is computed as follows: order backlog at the beginning of the year;plus new orders received during the year;less cancellations of orders recorded during the year;less sales recognised during the year. The order backlog is also subject to changes in the scope of consolidation, contract price adjustments and foreign currency translation effects.Order backlog corresponds to the transaction price allocated to the remaining performance obligations, as per IFRS 15 quantitative and qualitative disclosures requirement. Book-to-Bill The book-to-bill ratio is the ratio of orders received to the amount of sales traded for a specific period. Adjusted EBIT When Alstom’s new organisation was implemented in 2015, adjusted EBIT (“aEBIT”) became the Key Performance Indicator to present the level of recurring operational performance. This indicator is also aligned with market practice and comparable to direct competitors. Going forward (1st application for Half Year 2019/2020 publication), Alstom has opted for the inclusion of the share in net income of the equity-accounted investments into the aEBIT when these are considered as part of the operating activities of the Group (because there are significant operational flows and/or common project execution with these entities), namely the CASCO Joint Venture. The company believes that bringing visibility over a key contributor to the Alstom signalling strategy will provide a fairer and more accurate picture of the overall commercial & operational performance of the Group. This change will also enable more comparability with what similar market players define as being part of their main non-GAAP ‘profit’ aggregate disclosure. aEBIT corresponds to Earning Before Interests and Tax adjusted for the following elements: net restructuring expenses (including rationalization costs);tangibles and intangibles impairment;capital gains or loss/revaluation on investments disposals or controls changes of an entity;any other non-recurring items, such as some costs incurred to realize business combinations and amortisation of an asset exclusively valued in the context of business combination as well as litigation costs that have arisen outside the ordinary course of business;and including the share in net income of the operational equity-accounted investments. A non-recurring item is a “one-off” exceptional item that is not supposed to occur again in following years and that is significant. Adjusted EBIT margin corresponds to Adjusted EBIT in percentage of sales. Free cash flow Free cash flow is defined as net cash provided by operating activities less capital expenditures including capitalised development costs, net of proceeds from disposals of tangible and intangible assets. In particular, free cash flow does not include the proceeds from disposals of activity.The most directly comparable financial measure to free cash flow calculated and presented in accordance with IFRS is net cash provided by operating activities. Alstom uses the free cash flow both for internal analysis purposes as well as for external communication as the Group believes it provides accurate insight regarding the actual amount of cash generated or used by operations. Net cash/(debt) The net cash/(debt) is defined as cash and cash equivalents, other current financial assets and non-current financial assets directly associated to liabilities included in financial debt, less financial debt. Pay-out ratio The pay-out ratio is calculated by dividing the amount of the overall dividend with the "Net profit from continuing operations attributable to equity holders of the parent” as presented in the consolidated income statement Organic basis Figures given on an organic basis eliminate the impact of changes in scope of consolidation and changes resulting from the translation of the accounts into Euro following the variation of foreign currencies against the Euro. The Group uses figures prepared on an organic basis both for internal analysis and for external communication, as it believes they provide means to analyse and explain variations from one period to another. However, these figures are not measurements of performance under IFRS. 9 months 31 Dec. 2019 9 months 31 Dec. 2020 (in € million) Actual figures Exchange rate Scope impact Comparable Figures Actual figures Exchange rate Scope impact Comparable Figures % Var Act. % Var Org. Orders 8,181 (91) 8,090 4,488 4,488 (45)% (45)% Sales 6,200 (169) 6,031 5,567 5,567 (10)% (8)% 1 Lateral signalling is the signalling in force before the deployment of the European ERTMS signalling system. It is still used on the vast majority of lines (excluding high speed lines).2 Alstom standalone scope3 The fiscal year 2020/21 outlook assumes the absence of Covid-19 crisis-related production slowdowns, arising from partial or full lockdown situations, that would exceed the lockdown measures in place on the date of this document and affecting either Alstom or key suppliers. Also relating to the Covid-19 environment, it assumes that customer tendering schedules will not materially shift after the second semester and that train mileage for purposes of calculating indexed payments under maintenance contracts will not decrease very significantly during the remainder of the second semester4 Subject to the usual short-term volatility in the timing of receipt of down payments and milestone payments owed by customers Attachment 2021-01-19 PR Q3 2020-21
BOUSSARD & GAVAUDAN HOLDING LIMITED Ordinary Shares The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company. Close of business 18 Jan 2021. Estimated NAV Euro SharesSterling SharesEstimated NAV€ 26.4083£ 23.1178Estimated MTD return 1.82 % 1.53 %Estimated YTD return 1.82 % 1.53 %Estimated ITD return 164.08 % 131.18 % NAV and returns are calculated net of management and performance fees Market information Euro SharesAmsterdam (AEX)London (LSE)Market Close€ 21.30N/APremium/discount to estimated NAV -19.34 %N/A Sterling SharesAmsterdam (AEX)London (LSE)Market CloseN/AGBX 1,800.00Premium/discount to estimated NAVN/A -22.14 % Transactions in own securities purchased into treasury Ordinary Shares Euro SharesSterling SharesNumber of sharesN/AN/AAverage PriceN/AN/ARange of PriceN/AN/A Liquidity Enhancement AgreementEuro SharesSterling SharesNumber of sharesN/AN/AAverage PriceN/AN/A BGHL Capital BGHL Ordinary SharesEuro SharesSterling SharesShares Outstanding 13,275,769 294,494Held in treasury 503,934N/AShares Issued 13,779,703 294,494 Estimated BG Fund NAV Class B Euro Shares (estimated)€ 222.2691 The Class B Euro Shares of BG Fund are not subject to investment manager fees, as the Investment Manager receives management fees and performance fees in respect of its role as Investment Manager of BGHL. For further information please contact: Boussard & Gavaudan Investment Management, LLP. Emmanuel Gavaudan +44 (0) 20 3751 5389 Email : info@bgam-uk.com The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has received the necessary approval of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the "Shares") are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc's main market for listed securities. This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law. Neither the Company nor BG Fund ICAV has been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act"). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States. You should always bear in mind that: all investment is subject to risk; results in the past are no guarantee of future results; the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice. This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice. Attachment Daily NAV - BgHL 18.01.2021
Many A-list stars have maintained distance from Trump since his 2016 campaign
BOUSSARD & GAVAUDAN HOLDING LIMITED Ordinary Shares The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company. Close of business 18 Jan 2021. Estimated NAV Euro SharesSterling SharesEstimated NAV€ 26.4083£ 23.1178Estimated MTD return 1.82 % 1.53 %Estimated YTD return 1.82 % 1.53 %Estimated ITD return 164.08 % 131.18 % NAV and returns are calculated net of management and performance fees Market information Euro SharesAmsterdam (AEX)London (LSE)Market Close€ 21.30N/APremium/discount to estimated NAV -19.34 %N/A Sterling SharesAmsterdam (AEX)London (LSE)Market CloseN/AGBX 1,800.00Premium/discount to estimated NAVN/A -22.14 % Transactions in own securities purchased into treasury Ordinary Shares Euro SharesSterling SharesNumber of sharesN/AN/AAverage PriceN/AN/ARange of PriceN/AN/A Liquidity Enhancement AgreementEuro SharesSterling SharesNumber of sharesN/AN/AAverage PriceN/AN/A BGHL Capital BGHL Ordinary SharesEuro SharesSterling SharesShares Outstanding 13,275,769 294,494Held in treasury 503,934N/AShares Issued 13,779,703 294,494 Estimated BG Fund NAV Class B Euro Shares (estimated)€ 222.2691 The Class B Euro Shares of BG Fund are not subject to investment manager fees, as the Investment Manager receives management fees and performance fees in respect of its role as Investment Manager of BGHL. For further information please contact: Boussard & Gavaudan Investment Management, LLP. Emmanuel Gavaudan +44 (0) 20 3751 5389 Email : info@bgam-uk.com The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has received the necessary approval of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the "Shares") are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc's main market for listed securities. This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law. Neither the Company nor BG Fund ICAV has been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act"). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States. You should always bear in mind that: all investment is subject to risk; results in the past are no guarantee of future results; the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice. This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice. Attachment Daily NAV - BgHL 18.01.2021
Stephen Curry bombed in Golden State's final points on a 3-pointer with 1:07 remaining and the Warriors forced LeBron James into an errant 3-pointer at the horn, completing a shocking, 115-113 victory over the Los Angeles Lakers on Monday. Curry finished with 26 points, the last three giving Golden State a 115-110 lead. James countered with two free throws with 51.2 seconds left and Los Angeles' Dennis Schroder made one 21 seconds later to slice the deficit to two.
Country superstar Garth Brooks has friends in high places, too, of course. At the request of incoming first lady Dr. Jill Biden, Brooks said Monday, he will play President-elect Joe Biden's inauguration on Wednesday, making him the third artist confirmed for the inaugural ceremony, along with Lady Gaga and Jennifer Lopez. Bruce Springsteen and other artists will perform at a separate primetime TV afterparty hosted by Tom Hanks."This is a great day in our household," Brooks said at a press conference Monday. "This is not a political statement. This is a statement of unity." He did not disclose what he will perform, saying only it will be a solo performance of "more of the broken down, bare-bones stuff," and won't include "We Shall Be Free," the song he played at Barack Obama's 2009 inaugural. Brooks noted that he has performed for every president since Jimmy Carter, with the exception of Ronald Reagan, and said he did not play at President Trump's 2017 inaugural, despite being "lucky enough to be asked," because "we already had dates in Cincinnati."Biden and his team, "the main thing they're pushing now is unity, and that's right down my alley," Brooks said. "I don't know. I might be the only Republican at this place. But reaching out, together ... I want us to offer a differing opinion and hug each other at the same football game. ... I think as long as you have people like the Bidens who are hellbent on making things good ... that makes me feel good. Because I want to spend the next 10 years of my life not divided. I'm so tired of being divided."More stories from theweek.com 5 more scathing cartoons about Trump's 2nd impeachment What the Constitution really says about removal from office Statehood for D.C. and Puerto Rico only needs 50 votes
Fan favorite Sarah Trott, who previously collapsed mid-rose ceremony, created even more enemies after crashing and interrupting a group date.
The White House is so desperate to have people attend President Trump's military sendoff that it invited Anthony Scaramucci to the event, Anthony Scaramucci said on Monday."Trust me, that had to be a mass email if one of them got sent to me," Scaramucci told Inside Edition. For just 10 days during the summer of 2017, Scaramucci served as White House Communications Director, but was shown the door after he went on a tirade against several of his colleagues during an interview. He has since become a vocal critic of Trump, and endorsed President-elect Joe Biden in 2020.Trump plans on departing Washington before Biden's inauguration, taking off on Air Force One from Andrews Air Force Base. He wants "a big sendoff with lots of flair," ABC News' Mary Bruce told Inside Edition. Trump reportedly has said he "wants to be surrounded by uniformed military," Bruce said, and "there may even be an Air Force fighter jet flyover." CNN reports Trump also wants a red carpet and 21-gun salute.In the invitation Scaramucci — and apparently everyone else with a tenuous connection to the White House — received, it says guests can bring up to five other people with them to the festivities. While he joked on Twitter that he'd like to bring prominent critics of Trump like Lincoln Project co-founders George Conway and Rick Wilson, Scaramucci told Inside Edition he won't be there. It looks like he won't be the only one skipping the event; an administration official told CNN that as of Monday, "there haven't been a lot of RSVPs."More stories from theweek.com 5 more scathing cartoons about Trump's 2nd impeachment What the Constitution really says about removal from office Statehood for D.C. and Puerto Rico only needs 50 votes
