Finsbury bosses to benefit from share issue

first_imgThe chief executive and finance director of Finsbury Food Group have been issued shares to the value of more than £146,000. Chief executive John Duffy has been issued an estimated £89,778-worth of shares (based on 140,499 ordinary shares issued) and finance director Steve Boyd £56,903 (based on 89,501 shares) as part of the payment under the Long-Term Incentive Scheme referred to in the company’s 2014 annual report.This estimated share worth is based on the company’s current Stock Exchange rate of 63.9p, up from 62.4p last night.The total number of shares in issue is currently 66,894,284 with the latest stated market cap on the Stock Exchange stating that it is worth £79.53m.An application has been made for the new ordinary shares to be admitted to trading on AIM (admission). It is expected that admission will occur on 3 December 2014. Following admission, the company’s issued share capital will consist of 126,455,868 ordinary shares.Following admission, Duffy and Boyd will have beneficial interests in 1,995,662 and 644,188 ordinary shares respectively, representing approximately 1.58% and 0.51% of the company’s enlarged issued share capital.In the first four months of the financial year, revenues for the group had grown 3.9% on the previous year to £57.3m and the UK bakery division group grew by 5%.Chairman Peter Baker anticipated a “challenging” operating environment, but said he expected increased growth and sales, thanks to the buy-out of Fletchers’ cake business, which completed on 30 October this year.“Overall, the directors are pleased to report positive trading performance for the company as a whole and in line with the board’s expectations.”Following the acquisition of the Fletchers Group of Bakeries, the company is one of the largest speciality bakery groups in the UK, with initial annualised sales of over £270m.last_img read more

Jose Mourinho supports Arsenal’s bid to sign £25m Rennes winger Ismaila Sarr

first_imgJose Mourinho supports Arsenal’s bid to sign £25m Rennes winger Ismaila Sarr Advertisement Jose Mourinho is keen on Arsenal target Ismaila Sarr (RT)Jose Mourinho admits he has been impressed with Arsenal target Ismaila Sarr and believes the Rennes winger is similar to Barcelona’s Ousmane Dembele.Sarr has been one of Rennes’ star players this season with 12 goals and 11 assists in 48 appearances for the French club.In March, reports in France claimed that Arsenal held talks with Rennes to discuss a deal for the 21-year-old as he was identified by their former head of recruitment Sven Mislintat as a potential signing to bolster Unai Emery’s attack.But Arsenal face a fight to sign the Senegal international as he is also wanted by Leicester City, Roma and AC Milan.AdvertisementAdvertisementADVERTISEMENTMourinho, however, has indicated that Arsenal would be signing a player with huge potential if they managed to win the race for Sarr, but has also revealed that he is a fan of Nice’s right-sided attacker Allan Saint-Maximin. Nice’s right-sided attacker Allan Saint Maximin has also caught Mourinho’s eye (Getty Images)‘But for example, I like Allan Saint-Maximin, I like his speed, and I think Ismaila Sarr has a little bit of [Ousmane] Dembele in him.‘There are a lot of players in Ligue 1 who have great potential.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Mourinho says Ismaila Sarr reminds him of Ousmane Dembele (Getty Images)More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘I can tell you that in the top three clubs in your league this season – Paris Saint-Germain, Lille and Lyon – you have extremely talented players who everyone knows already,’ Mourinho said in an interview with RMC.‘If I speak [about players] I think that their agents will be very happy.center_img Advertisement Comment Metro Sport ReporterSaturday 18 May 2019 9:18 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.5kShareslast_img read more

Cricket News Sourav Ganguly To Be BCCI Chief For Six Years? AGM May Dilute Cooling-Off Period

first_imgNew Delhi: October 23 was a historic day in the annals of Indian cricket administration as a cricketer came to head the richest cricket board in the world. Sourav Ganguly, the former captain of the Indian cricket team who is credited with turning the fortunes of the team at the start of the millennium, became the first cricketer to become president of the BCCI. However, the euphoria soon turned to sadness when it was revealed that Ganguly will be at the helm of the BCCI for only nine months as he had already served two consecutive terms in the Cricket Association of Bengal (CAB) before being nominated to the BCCI. The tenure cap was on the recommendations of the Supreme Court appointed Justice RM Lodha Panel which stated a mandatory three-year cooling off period after two consecutive terms.However, all that could change on December 1 when the BCCI conducts their Annual General Meeting (AGM). In a report by Times of India, it has been revealed that the cooling off period might be diluted. The Lodha Panel report on tenure cap had stated, “An office bearer who has held any post for two consecutive terms either in a state association or in the BCCI (or a combination of both) shall not be eligible to contest any further election without completing a cooling off period of three years. During the cooling off period, such an office bearer shall not be a member of the Governing Council or of any committee whatsoever of the BCCI or of a state association.”According to the new amendment accessed by Times of India, it is stated that, “A president and secretary who has served in such position for two consecutive terms in BCCI (not state association) shall not be eligible to contest without completion of cooling off.”This amendment effectively means that Ganguly’s period in Cricket Association of Bengal since 2014 when he was the joint-secretary and then elected unopposed as head of the CAB will not be counted in the cooling off period and that two consecutive terms ONLY IN BCCI will merit a cooling off period. This means that Ganguly could be at the helm of the BCCI until 2025. However, since this was framed by the Supreme Court, any changes or amendments will have to get approval from them.Also Read | This Is How Much Time Virat Kohli Took To Give Nod For Day-Night TestsHowever, the BCCI AGM agenda has said a three-fourth’s majority of the members at an AGM will be enough for amendments in rules and regulations to go through. The loophole will be that the recommendation of the Committee of Administrators (CoA) that changes cannot be given effect without the leave of the Supreme Court is “not practical at all times”. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Longtime Syracuse fan Lydon becomes first Class of 2015 commit

first_img Facebook Twitter Google+ Published on November 5, 2013 at 12:40 am Contact Jesse: [email protected] | @dougherty_jesse Tyler Lydon was a Syracuse basketball fan long before he was a Division I basketball prospect. A Pine Plains, N.Y., native, Lydon’s father Tim always had SU on television. He raised Lydon and his two brothers to support, as Tim put it, “the best college team New York has to offer.”By the time he was 12 years old, Lydon was wearing a blue Syracuse beanie and hooded sweatshirt with regularity. He didn’t just watch SU play, he started to fall in love with its 2-3 zone, fast-break offense and winning ways. At the same time, he was excelling on the basketball court. He was always a standout, but when an unforeseen growth spurt met his natural skill at the beginning of high school, colleges started to take notice. Florida. Boston College. Maryland. Vanderbilt. Iowa. Virginia. AdvertisementThis is placeholder textThere was one problem — it wasn’t Syracuse. Then the phone rang in late July before Lydon’s sophomore season. It was Syracuse assistant coach Mike Hopkins. The Orange wanted him to come to the Carrier Dome for its home game against West Virginia.Tim Lydon was home early from work and in the backyard. When his son told him who was on the phone, he thought he was “messing around.”“I’ll never forget my dad’s face,” Lydon said. “He was convinced I was lying, and here we are now.”On Oct. 17, more than two years after Hopkins called, Lydon became the first player to verbally commit to Syracuse for the Class of 2015. Lydon attracted many high-caliber schools with an all-around skill set stuffed into his 6-foot-8, 185-pound frame. But now that his lifelong dream of playing at Syracuse is tangible, he’s working harder than he ever has. “Our family, top to bottom, always hoped Tyler would play at Syracuse,” Tim Lydon said. “We were very grateful that a lot of schools contacted him, but when the Orange started talking, well, we really started to listen.”Like many successful journeys, Lydon’s started at home.The Lydons’ home in Pine Plains sits on a hill – Lydon once developed his skills on a makeshift court at the top of his steep driveway. But when Tim Lydon recognized his son’s passion, he started a new project. At the bottom of the driveway, Tim Lydon cleared space for a full half court with a new hoop, and even drew the lines in white paint so his son could start to visualize game situations while he practiced. The finishing touches were put on the court when Lydon was 10 years old and the only thing that kept Lydon off the court, his father said, was “a foot of snow or six inches of ice.”“I always knew he could play, but then he just fell in love with the game,” Tim Lydon said. “I’d say he’s responsible for bringing his own game to the next level.”After playing for three years at Pine Plains High School, Lydon decided he needed to take another step. He said the players he was playing against were focusing on other sports like football and baseball, and that a more competitive environment would better prepare him for the collegiate level.That decision led him to the New Hampton (N.H.) School, where he is currently prepping for his first season with the Huskies as a reclassified junior. With the extra year of eligibility, Lydon, a hybrid forward, is working to find his strengths and build his basketball identity around them.“I was always in favor of him reclassifying, we knew even before he committed that he was going to,” Tim Lydon said. “It’s just another year to develop which he can use.”It is likely that in the coming year and half, Lydon will be joined by some of the nation’s top talent in Syracuse’s Class of 2015.But for now, he stands as the lone representation of the Orange’s distant future. Being the first to pledge to a top-tier school is both daunting and commendable, but it’s something that has hardly crossed Lydon’s mind. “I’m not really thinking too much of it right now,” Lydon said. “I’m just focusing on this season and getting better so that when I get to Syracuse, I’ll be ready to play.” Commentslast_img read more

ExxonMobil, NBA, Africare Reinstate Commitment to Power Forward

first_imgExxonMobil, NBA, Africare have reinstated their commitment to youth and sports development as they sponsor the third season of the Power Forward programme at the National Stadium in Kukwaba, Abuja.Power Forward, a partnership between ExxonMobil, the NBA and Africare, uses the game of basketball to teach and mentor students from secondary schools in Abuja about health literacy and life skills such as leadership, respect and personal responsibility.    The event which had in attended former NBA player, Kelenna Azubuike, featured boys and girls championship games, performances from the Philadelphia 76ers Flight Squad and other youth competitions.According to Dr. Paul Arinze of ExxonMobil, “Power Forward, through its focus on health, builds on efforts by the ExxonMobil Malaria Initiative to combat malaria in Nigeria.  The successful initiative works with a range of partners to prevent, treat and, ultimately, eliminate malaria especially in pregnant women and children under 5 who constitute the most vulnerable.”He added that, “Our appreciation to the National Basketball Association, Africare, the NBA Talents, National Malaria Elimination Program of the Ministry of Health, Ministry of Education, the Power Forward Schools and everyone for their support for this initiative. The Power Forward project was initiated 2013 in partnership with ExxonMobil, the National Basketball Association (NBA) and Africare to implement a youth development program that incorporates both life-skills training and public health education, using the convening power of basketball. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more