Latest news with #GeneralConditions
New Straits Times
17 hours ago
- New Straits Times
Bus operator's licence suspended after driver's reckless behaviour goes viral
KUALA LUMPUR: The Land Public Transport Agency (Apad) has suspended the operating licence of StarMart Express Sdn Bhd for 30 days following a recent viral incident involving one of its drivers allegedly speeding and driving dangerously in the right lane. Apad said the vehicle permit for bus ALA 6666 will be revoked effective Aug 7. It said the company had failed to comply with several provisions under the Land Public Transport Act 2010 (Act 715), particularly those concerning driver conduct and road safety. "The driver's behaviour posed a serious risk to road users, and as a licence holder under Act 715, the operator must prioritise safety at all times. "Our investigation revealed that StarMart Express failed to ensure its employees upheld safe driving standards, which is a clear breach of their licensing obligations," Apad said in a statement posted on social media. The agency said the action was taken after it found the operator had breached Section 22(1)(b)(iii) of the Land Public Transport Act 2010, which governs the conduct of drivers and conductors of public service vehicles. "Other offences include violating Section 23(1)(b), which requires licensed operators and their employees to give the highest priority to the safety of passengers and road users. "There was also a breach of Paragraph 7 under the General Conditions of the Service Level Agreement, which requires licensed operators to ensure that their employees and drivers behave appropriately while on duty," it said. Apad said that during the suspension period, the operator is strictly prohibited from providing any services under the suspended licence. It added that no transactions involving the suspended licence will be entertained until the suspension is lifted. "The suspension will only be lifted upon written confirmation and approval by Apad." Apad also issued a stern warning to all public transport operators, saying it will not hesitate to take firm action against any company or licence holder found in breach of existing laws and regulations. The agency urged the public to report any misconduct or violations involving public transport services via the Transport Ministry complaint hotline at 1-800-88-7723 or WhatsApp at 019-290 7723.
Barnama
a day ago
- Barnama
APAD Suspends Express Bus Operator's Licence Over Viral Reckless Driving Video
KUALA LUMPUR, June 23 (Bernama) -- The Land Public Transport Agency (APAD) has decided to suspend the public service vehicle operator's licence of Star Mart Express Sdn Bhd for 30 days from July 3, following a viral video showing one of its express bus drivers driving recklessly on June 12. In a statement today, APAD also said the permit for the express bus bearing registration number ALA 6666 will be revoked effective Aug 7. The agency said the action was taken after an investigation found that Star Mart Express Sdn Bhd had failed to comply with Section 22(1)(b)(iii) of the Land Public Transport Act 2010 (Act 715), which concerns the conduct of drivers and conductors of public service vehicles. 'Other offences include violating Section 23(1)(b), which requires licensed operators and their employees to give the highest priority to the safety of passengers and road users. 'There was also a breach of Paragraph 7 under the General Conditions of the Service Level Agreement (KTP), which requires licensed operators to ensure that their employees and drivers behave appropriately while on duty,' the statement read. The statement added that during the suspension period, the operator is prohibited from operating or providing any services using vehicles under the said licence. The agency said Section 27 of Act 715 provides for the suspension or revocation of a licence in the event of a breach of any of its conditions. 'No transactions related to the affected licence will be considered while the suspension is in force. The suspension will only be lifted upon written confirmation from APAD,' it said. APAD also stressed that it will not hesitate to take stern action against any company or licence holder found to have breached regulations or laws.
The Sun
a day ago
- The Sun
Star Mart Express bus licence suspended over reckless driving
KUALA LUMPUR: The Land Public Transport Agency (APAD) has suspended the public service vehicle operator's licence of Star Mart Express Sdn Bhd for 30 days from July 3, following a viral video showing one of its express bus drivers driving recklessly on June 12. In a statement today, APAD also said the permit for the express bus bearing registration number ALA 6666 will be revoked effective Aug 7. The agency said the action was taken after an investigation found that Star Mart Express Sdn Bhd had failed to comply with Section 22(1)(b)(iii) of the Land Public Transport Act 2010 (Act 715), which concerns the conduct of drivers and conductors of public service vehicles. 'Other offences include violating Section 23(1)(b), which requires licensed operators and their employees to give the highest priority to the safety of passengers and road users. 'There was also a breach of Paragraph 7 under the General Conditions of the Service Level Agreement (KTP), which requires licensed operators to ensure that their employees and drivers behave appropriately while on duty,' the statement read. The statement added that during the suspension period, the operator is prohibited from operating or providing any services using vehicles under the said licence. The agency said Section 27 of Act 715 provides for the suspension or revocation of a licence in the event of a breach of any of its conditions. 'No transactions related to the affected licence will be considered while the suspension is in force. The suspension will only be lifted upon written confirmation from APAD,' it said. APAD also stressed that it will not hesitate to take stern action against any company or licence holder found to have breached regulations or laws. The agency urged the MADANI community to report any misconduct or legal violations by public transport service providers or licence holders via the Transport Ministry complaints hotline at 1-800-88-7723 or via WhatsApp at +6019-290 7723. On June 12, a video went viral on social media showing an express bus driver speeding dangerously in the right lane, putting other road users at risk.
The Star
a day ago
- The Star
Apad suspends express bus operator's licence over viral reckless driving video
KUALA LUMPUR: The Land Public Transport Agency (Apad) has suspended the public service vehicle operator's licence of Star Mart Express Sdn Bhd for 30 days from July 3, following a viral video showing one of its express bus drivers driving recklessly on June 12. In a statement Monday (June 23), Apad also said the permit for the express bus bearing registration number ALA 6666 will be revoked effective Aug 7. The agency said the action was taken after an investigation found that Star Mart Express Sdn Bhd had failed to comply with Section 22(1)(b)(iii) of the Land Public Transport Act 2010 (Act 715), which concerns the conduct of drivers and conductors of public service vehicles. "Other offences include violating Section 23(1)(b), which requires licensed operators and their employees to give the highest priority to the safety of passengers and road users. "There was also a breach of Paragraph 7 under the General Conditions of the Service Level Agreement (KTP), which requires licensed operators to ensure that their employees and drivers behave appropriately while on duty," the statement read. The statement added that during the suspension period, the operator is prohibited from operating or providing any services using vehicles under the said licence. The agency said Section 27 of Act 715 provides for the suspension or revocation of a licence in the event of a breach of any of its conditions. "No transactions related to the affected licence will be considered while the suspension is in force. The suspension will only be lifted upon written confirmation from Apad," it said. Apad also stressed that it will not hesitate to take stern action against any company or licence holder found to have breached regulations or laws. The agency urged the public to report any misconduct or legal violations by public transport service providers or licence holders via the Transport Ministry complaints hotline at 1-800-88-7723 or via WhatsApp at +6019-290 7723. On June 12, a video went viral on social media showing an express bus driver speeding dangerously in the right lane, putting other road users at risk. - Bernama
Yahoo
01-04-2025
- Business
- Yahoo
Ontex Group NV announces the results of its cash tender offer for its outstanding €580,000,000 3.500% senior notes due 2026
Not for release, publication or distribution in or into, or to any person located or resident in or at any address in, the United States of America or to any person located or resident in any other jurisdiction where it is unlawful to distribute this press release, the Results Announcement or the Tender Offer Memorandum (each as defined below) or to any persons to whom it is otherwise unlawful to send this press release, the Results Announcement or the Tender Offer Memorandum (See 'Offer and distribution restrictions' in the Tender Offer Memorandum). This press release relates to the disclosure of information that qualified or may have qualified as inside information within the meaning of article 7(1) of the Market Abuse Regulation (EU) 596/2014, as amended. Ontex Group NV announces the results of its cash tender offer for its outstanding €580,000,000 3.500% senior notes due 2026 Aalst, Belgium, April 1, 2025 – Ontex Group NV (the 'Issuer') announces the results of the previously announced invitation to holders of its outstanding 3.500% Senior Notes due 2026 (ISIN: BE6329443962/Common Code: 236126102) (the 'Notes'), to tender such Notes for purchase for cash (the 'Offer'). The Offer was made subject to satisfaction (or waiver) of the New Financing Condition and the General Conditions and other terms and conditions described in the Tender Offer Memorandum dated March 24, 2025 (the 'Tender Offer Memorandum') and was subject to the offer and distribution restrictions more fully described in the Tender Offer Memorandum. Capitalised terms used and not otherwise defined in this press release have the meanings given in the Tender Offer Memorandum. The Offer was launched by the Issuer on March 24, 2025 and expired at 17:00 CEST on March 31, 2025 (the 'Expiration Deadline'). At the Expiration Deadline, €283,095,000 aggregate principal amount of Notes had been validly tendered pursuant to the Offer. All Noteholders whose Notes have been validly tendered and accepted for purchase by the Issuer are eligible to receive the Purchase Price of 100.00% of the aggregate principal amount thereof (as set out in the Tender Offer Memorandum) and Accrued Interest Payment for the Notes. As a result of the above, the Final Acceptance Amount (as defined in the Tender Offer Memorandum) amounted to €283,095,000. Subject to the satisfaction or waiver of the New Financing Condition and/or the General Conditions, the Issuer expects to make payment for the Notes validly tendered and accepted for purchase on April 3, 2025 (the 'Settlement Date'). Such payment through the Clearing Systems will discharge the payment obligations of the Issuer in respect of payment of the Purchase Price and Accrued Interest. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Noteholders by any of the Clearing Systems. Following cancellation of the Notes validly tendered and accepted for purchase, the aggregate principal amount of the Notes remaining outstanding on the Settlement Date under the Indenture will amount to €296,905,000. Notes which have not been validly offered and accepted for purchase pursuant to the Offer will remain outstanding after the Settlement Date and are subsequently expected to be redeemed in full at par on or about July 15, 2025, in accordance with the terms of the Indenture and, if applicable, the relevant Noteholders will be notified of such redemption in accordance with the terms of the Indenture. While the Issuer expects to redeem any such Notes on or about July 15, 2025, no representation is given that it will redeem such Notes in whole or in part on such date. Any questions or requests for assistance in connection with (i) the Offer, may be directed to Goldman Sachs Bank Europe SE and (ii) the tender of the Notes may be directed to the Tender Agent, the contact details for each of which are provided on the back cover of this press release. This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes. The Offer was made only pursuant to the Tender Offer Memorandum and the Launch Announcement in relation to the Offer (the 'Launch Announcement'), and the information in this press release is qualified by reference to the Tender Offer Memorandum and the Launch Announcement. For more information on the results of the Offer, reference is made to the results announcement which is available through the following link (the ''). This press release must be read in conjunction with the Results Announcement and the Tender Offer Memorandum. No offer or invitation to acquire or sell any securities is being made pursuant to this press release. Neither the Dealer Manager nor the Tender Agent take any responsibility for the contents of this press release. The distribution of this press release, the Results Announcement, the Tender Offer Memorandum and/or any other materials relating to the Offer in certain jurisdictions may be restricted by law. Persons into whose possession this press release, the Results Announcement and/or the Tender Offer Memorandum come(s) into are required by each of the Issuer, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions. This press release may include forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms as "believe", "expect", "anticipate", "may", "assume", "plan", "intend", "will", "should", "estimate", "risk" and or, in each case, their negatives, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding the Issuer's or any of its affiliates' intentions, beliefs or current expectations concerning, among other things, the Issuer's or any of its affiliates' results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which they operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Issuer's or any of its affiliates' actual results of operations, financial condition and liquidity, and the development of the industries in which they operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if the Issuer's or any of its affiliates' results of operations, financial condition and liquidity, and the development of the industries in which they operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. The forward-looking statements and information contained in this press release are made as of the date hereof and the Issuer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The IssuerOntex Group NV Korte Keppestraat 219320 Erembodegem (Aalst)Belgium Dealer ManagerGoldman Sachs Bank Europe SEMarienturm, Taunusanlage 9-10D-60329 Frankfurt am Main,GermanyAttention: Liability Management GroupTelephone: +44 20 7774 4836Email: The Tender AgentKroll Issuer Services Limited The News Building3 London Bridge StreetLondon SE1 9SGUnited KingdomAttention: Owen MorrisTelephone: +44 20 7704 0880, Email: ontex@ Website: Investeerders Geoffroy Raskin +32 53 33 37 30 Media Catherine Weyne +32 53 33 36 22 Over Ontex Ontex is een toonaangevende internationale ontwikkelaar en producent van producten in babyverzorging, dameshygiëne en volwassenenzorg, zowel voor retailers als voor de gezondheidszorg. De innovatieve producten van Ontex worden in zo'n 100 landen verdeeld via retailers en zorgverleners. Ontex stelt wereldwijd zo'n 7.000 mensen tewerk en is aanwezig in 14 landen, met hoofdzetel in Aalst, België. Ontex staat genoteerd op Euronext Brussel en maakt deel uit van de Bel Mid® index. Om op de hoogte te blijven van het laatste nieuws, ga naar of volg Ontex op LinkedIn. Attachment 250401_TenderResults_ENSign in to access your portfolio
