Latest news with #financialdisclosure
Bloomberg
15 hours ago
- Business
- Bloomberg
New World Bondholders Want More Disclosure on Financing Plans
New World Development Co. bondholders are growing frustrated with the level of financial disclosure by the cash-strapped developer as it prioritizes communication with banks during critical loan talks. The distressed Hong Kong builder has less than three weeks to complete an HK$87.5 billion ($11.2 billion) loan refinancing deal before a covenant waiver expires at the end of the month. Debt advisers, meanwhile, have said that they think a liability management exercise on the bonds would be the only way for New World to preserve equity value, and are urging noteholders to band together to resist any such move.
Fox News
7 days ago
- Business
- Fox News
White House highlights Pelosi hypocrisy after Schiff demands Trump admin financial, ethics docs
Print Close By Charles Creitz Published June 05, 2025 Sen. Adam Schiff faced pushback after calling on White House counsel David Warrington to release financial disclosures for senior officials—prompting a Trump aide to suggest he start by requesting the same from longtime Rep. Nancy Pelosi. "The American people remain highly concerned about Nancy Pelosi's long, documented history of insider trading and eagerly await Adam Schiff refocusing his political stunt on serious issues, like Pelosi's portfolio," White House spokesman Kush Desai told ABC News after it inquired about Schiff's letter. In a letter to Warrington and White House chief of staff Susie Wiles, Schiff, D-Calif., expressed "continued and growing concern regarding … failure to submit any financial disclosure reports for senior White House officials to the Office of Government Ethics within the statutorily mandated period." Schiff demanded the White House turn over a list of officials required to file "new entrant" reports, an explanation for "failure to transmit" such reports for certification and any late-filing fees imposed for "delinquent filings." 'WATERMELON HEAD': TRUMP TROLLS DEMOCRATIC SEN. ADAM SCHIFF He noted that he had signed on to a bicameral April letter that included fellow Californian Rep. Mike Levin, Rep. Jerrold Nadler, D-N.Y., and several other Democrats asking for similar information. In comments to Fox News Digital on Thursday, the White House pushed back again on Schiff, saying that all officials there who are required to file public reports continue to comply with their obligations. "… including the obligation to file periodic transaction reports disclosing the purchase or sale of certain securities," said Taylor Rogers, a White House spokeswoman. "For decades, administrations of both parties, including the first Trump Administration, have fulfilled this obligation, recognizing that public trust in government depends on robust, enforceable transparency standards," Schiff said in a statement. KASH PATEL ENRAGES ADAM SCHIFF IN CLINTONIAN BATTLE OVER THE WORD 'WE' "However, senior officials in this administration have repeatedly failed to disclose assets and business entanglements, as well as potentially misused their official positions for personal gain." "Transparency and compliance with ethics laws are essential." In that regard, Desai's initial response highlighted ongoing criticisms of Pelosi, whose net worth is reportedly north of $120 million, and who has been accused of wrongful financial transactions over her 38 years in the House. Pelosi, a California Democrat, did not respond to a request for comment, and the Speaker Emerita kept walking when asked on the Hill about the matter last month by a Fox News Digital reporter. CLICK HERE TO GET THE FOX NEWS APP Sen. Josh Hawley, R-Mo., introduced the PELOSI– Preventing Elected Leaders from Owning Securities and Investments – Act in 2023, and fellow Missourian Rep. Mark Alford crafted a similar bill in the House, alluding to allegations against her over the years. Trump has said he would support such legislation this term, telling Time he had purportedly "watched Nancy Pelosi get rich through insider information, and I would be OK with it. If they send that to me, I would do it." Fox News Digital found no record of Schiff making similar requests to the Biden administration and received no response from the Burbank lawmaker when asked for comment. Fox News Digital's Peter Pinedo and Remy Numa contributed to this report. Print Close URL
Fox News
7 days ago
- Business
- Fox News
White House highlights Pelosi hypocrisy after Schiff demands Trump admin financial, ethics docs
Sen. Adam Schiff faced pushback after calling on White House counsel David Warrington to release financial disclosures for senior officials—prompting a Trump aide to suggest he start by requesting the same from longtime Rep. Nancy Pelosi. "The American people remain highly concerned about Nancy Pelosi's long, documented history of insider trading and eagerly await Adam Schiff refocusing his political stunt on serious issues, like Pelosi's portfolio," White House spokesman Kush Desai told ABC News after it inquired about Schiff's letter. In a letter to Warrington and White House chief of staff Susie Wiles, Schiff, D-Calif., expressed "continued and growing concern regarding … failure to submit any financial disclosure reports for senior White House officials to the Office of Government Ethics within the statutorily mandated period." Schiff demanded the White House turn over a list of officials required to file "new entrant" reports, an explanation for "failure to transmit" such reports for certification and any late-filing fees imposed for "delinquent filings." He noted that he had signed on to a bicameral April letter that included fellow Californian Rep. Mike Levin, Rep. Jerrold Nadler, D-N.Y., and several other Democrats asking for similar information. In comments to Fox News Digital on Thursday, the White House pushed back again on Schiff, saying that all officials there who are required to file public reports continue to comply with their obligations. "… including the obligation to file periodic transaction reports disclosing the purchase or sale of certain securities," said Taylor Rogers, a White House spokeswoman. "For decades, administrations of both parties, including the first Trump Administration, have fulfilled this obligation, recognizing that public trust in government depends on robust, enforceable transparency standards," Schiff said in a statement. "However, senior officials in this administration have repeatedly failed to disclose assets and business entanglements, as well as potentially misused their official positions for personal gain." "Transparency and compliance with ethics laws are essential." In that regard, Desai's initial response highlighted ongoing criticisms of Pelosi, whose net worth is reportedly north of $120 million, and who has been accused of wrongful financial transactions over her 38 years in the House. Pelosi, a California Democrat, did not respond to a request for comment, and the Speaker Emerita kept walking when asked on the Hill about the matter last month by a Fox News Digital reporter. Sen. Josh Hawley, R-Mo., introduced the PELOSI– Preventing Elected Leaders from Owning Securities and Investments – Act in 2023, and fellow Missourian Rep. Mark Alford crafted a similar bill in the House, alluding to allegations against her over the years. Trump has said he would support such legislation this term, telling Time he had purportedly "watched Nancy Pelosi get rich through insider information, and I would be OK with it. If they send that to me, I would do it." Fox News Digital found no record of Schiff making similar requests to the Biden administration and received no response from the Burbank lawmaker when asked for comment.
Yahoo
20-05-2025
- Business
- Yahoo
Form 8.5 (EPT/RI) - H & T Group
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Name of exempt principal trader: Shore Capital Stockbrokers Ltd (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree H&T Group Plc (c) Name of the party to the offer with which exempt principal trader is connected: H&T Group Plc (d) Date dealing undertaken: 19 May 2025 (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? No 2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER (a) Purchases and sales Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received Ordinary Purchases 16,244 645.24p 644.86p Ordinary Sales 30,001 646p 645.46p (b) Derivatives transactions (other than option) Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercising Class of relevant security Product description e.g. call option Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) The currency of all prices and other monetary amounts should be stated. Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. 3. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none' None Date of disclosure: 20 May 2025 Contact name: Clare Gamble-Dale Telephone number: 0207 601 6132 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@ The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Form 8.5 (EPT/RI)-FD Technologies plc
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Name of exempt principal trader: Investec Bank plc (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree FD Technologies plc (c) Name of the party to the offer with which exempt principal trader is connected: Investec is Advisor and Joint Broker to FD Technologies plc (d) Date dealing undertaken: 16th May 2025 (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state 'N/A' N/A 2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received Ordinary Purchases 59,818 2,430 2,425 Ordinary Sales 59,318 2,450 2,435 (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit N/A N/A N/A N/A N/A (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit N/A N/A N/A N/A N/A N/A N/A N/A (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit N/A N/A N/A N/A N/A (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) N/A N/A N/A N/A 3. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none' None Date of disclosure: 19th May 2025 Contact name: Priyali Bhattacharjee Telephone number: +91-9768034903 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
