While the private transaction market was effectively closed for a portion of 2020, and remains tepid in various sectors including Industrials and (to a lesser extent) Services, our origination and diligence activities ran at full throttle throughout the year. A handful of potentially actionable opportunities proved sufficiently compelling to merit significant diligence and careful consideration. These were excellent businesses which, we believe, could have potentially met our target returns. These businesses, however, fell short of the high bar we set for our platform acquisition, and we decided to keep the bat on our shoulder and wait for an even better pitch.
A resolution re-appointing Crowe U.K. LLP as auditors of the Group was approved by shareholders at the annual general meeting held on 21 October 2019. Shareholders will be asked to approve the re-appointment of Crowe U.K. LLP as auditors of the Group at the next annual general meeting. Going concern The Group is focused on the development, by organic growth, of a financial training business in China, and, apart from a small amount of interest receivable and a small amount of revenue from certain course offerings, currently has no income stream. Until the training business has been adequately developed and is generating revenue, it is therefore dependent on its cash reserves to fund ongoing costs. At 31 October 2020, the Group s cash position was
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TOP NEWS: easyJet Board Narrowly Re-Elected Amid Founder s Criticism
Wed, 23rd Dec 2020 14:38
(Alliance News) - easyJet PLC on Wednesday reported that all resolutions at its annual general meeting passed, though motions to re-elect several directors, including the carrier s chair and chief executive, were faced with sizeable investor opposition.
The company also updated on its post-Brexit transition period contingency plan, aimed at ensuring the company is majority owned by shareholders based in EU, in line with the trading bloc s rules for airlines.
Motions to re-elect Non-Executive Chair John Barton and Chief Executive Officer Johan Lundgren passed, despite just shy of 43% shareholders voting against the proposals.