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A PROSPECTUS due last month explains the deal with banks holding more than £8bn of junior debt which Eurotunnel hopes will enable the company to continue trading. Despite last November’s fire which will cost Eurotunnel and its insurers more than £200m, the restructuring deal is essentially unchanged from the package set out last October (RG 11.96 p699). In essence, about half the debt will be converted into equity or long term loans at low interest rates, seriously diluting existing stock.Shareholders will be asked to approve the deal on July 10 and this is no formality, even if the Intergovernmental Commission permits the resumption of freight shuttles this month (below). Eurotunnel must first of all get 25% of the equity represented at the meeting, and then secure a two-thirds majority. Christian Cambier of the Association of Eurotunnel Shareholders is not the only person campaigning for rejection among the large number of individual French stockholders who have seen their shares plummet to 20% of the 1987 issue price. Even if Eurotunnel pulls that off, in October every single one of more than 200 banks must endorse the deal in a situation where – theoretically, at least – they can seize the assets leaving shareholders with nothing.On April 24 Co-Chairman Patrick Ponsolle revealed that the 999-year lease granted last year to London & Continental Railways for the Channel Tunnel Rail Link was being used as a lever to persuade the two governments to extend Eurotunnel’s 65-year concession. Thus far, the British government has been even more reluctant than the French to heed Eurotunnel’s plea that ’a significant extension’ forms what Ponsolle calls ’a crucial part’ of the restructuring plan it will put to shareholders. Eurotunnel’s directors believe their best hope lies with Britain’s Labour administration elected on May 1, which is remarkably free from ideological baggage. LCR’s public share issue is due in 1998, and will almost certainly fail if Eurotunnel is liquidated. This would leave Labour with the choice of seeing the CTRL and Thameslink 2000 collapse, or stumping up a 10-figure sum to rescue them. o
Shareholders of Australian offshore services provider Neptune Marine Services have approved the sale of key operating subsidiaries to offshore vessel owner MMA Offshore. Neptune shareholders also voted to change the name of the company to Blossomvale Holdings.An MMA Offshore vessel / Image source: MMA OffshoreThe shareholder approval on Friday comes following the approval of the transaction by the shareholders of MTQ Corporation Limited of Singapore, the parent company of Blossomvale Investments Pte Ltd, NMS’s controlling shareholder at an Extraordinary General Meeting held on October 1, 2019.As previously reported, MMA and Neptune in July signed a binding agreement whereby MMA Offshore would acquire the offshore inspection, maintenance, and repair specialist Neptune for $18.5 million in total.Of the full sum, MMA Offshore would pay $5 million in cash and issue $13.5 million worth MMA shares to Neptune Marine Services.ASX-listed, Perth-based Neptune services mainly Tier 1 oil and gas, and marine infrastructure clients through its operational centers in Australia, South East Asia and the UK.The company’s key services include asset integrity and inspection; commercial diving; survey and positioning; shallow water ROVs; subsea, pipeline and topside engineering; subsea protection and stabilization, dry underwater welding; and manufacturing, assembly, and testing servicesCommenting on the Neptune Marine Services shareholder approval of the proposed transaction, MMA Offshore said Monday: “Shareholder approval is a significant milestone towards completion of the acquisition. Completion is expected to take place by early to mid-November 2019 subject to satisfaction of all remaining conditions precedent… At this stage, the Company expects all remaining conditions precedent to be met in due course.”Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.
Share Share 25 Views no discussions Tweet Sharing is caring! EntertainmentLocalNews “Woman Can Lie’ described as a huge success by: – May 16, 2011 Share Play Writer & Director Mr. Alex Bruno. Photo credit; alexbrunospeaks.comPlay Writer and Director of Tayatt Pawol Alex Bruno is praising the public for their patronage of the staging of his latest play, Woman Can Lie, making it a huge success.The event which was staged at the Arawak House of Culture on Friday, Saturday and Sunday formed part of the DOMFESTA 2011 calendar of activities.Bruno says the support he received from the public is every play writer’s dream and the gate receipts will allow the group to meet some of their financial needs.Woman Can lie is the flip side of Bruno’s previous play, Man Can Lie.Dominica Vibes News
Promoted Content6 Ridiculous Health Myths That Are Actually True6 Extreme Facts About HurricanesWhich Country Is The Most Romantic In The World?10 Risky Jobs Some Women DoBest & Worst Celebrity Endorsed Games Ever MadeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWho Earns More Than Ronaldo?2020 Tattoo Trends: Here’s What You’ll See This Year11 Most Immersive Game To Play On Your Table Top9 Facts You Should Know Before Getting A TattooThe Funniest Prankster Grandma And Her Grandson5 Reasons Why The Black Widow Solo Movie Will Be Awesome Jose Mourinho branded midfielder Dele Alli as ‘lazy’ during the Amazon All or Nothing documentary Its camera crews have spent the last year filming behind-the-scenes footage of Spurs’ first year in their £1billion new stadium. And it shows new manager Mourinho accusing Alli of not pulling his weight every day. The series shows the Special One, staging one of his first-team meetings as a manager, asking: “Where is Dele?” When the star puts his hand up, Mourinho says: “I understand already that you are a f***ing lazy guy in training.” The Special One reveals in the series the only advice Sir Alex Ferguson gave him in his previous job as manager of Manchester United was to sign Alli. But the programme shows that does not stop Mourinho from hauling Alli into his office following his appointment as Tottenham manager in November last year to lay down a few home truths. The Spurs boss was filmed saying: “What I want to tell you basically is this – I think you feel I like you.” To which Dele shrugs his shoulders, lops his head, and says: “Yeah.” Mourinho adds: “I like as a player and also as a kid. I think you are a nice kid. “I don’t want to be your father because you have your father. I don’t want to be your uncle or old brother, I just want to be your coach but with a good connection so I have to always tell you what I think. “Inside of you, maybe you tell me to f*** off but I have to tell you exactly what I think. “And for me since the beginning, I have no doubts about your potential. I saw you do incredible matches and incredible things – but I always felt you had ups and downs. “There is a huge difference between a player that keeps the consistency and a player that has moments. And that is what makes the difference between a top, top player and a player with the top potential. Loading… “It’s something you don’t have to share with me, I think it’s something just for you to analyse yourself and to realise why ‘My career has been MK Dons, Tottenham, international team, bang!’ And then you reach the top and then… “Why you have in your career these little ups and downs, I don’t know? “I don’t know if it has to be your lifestyle. I don’t know if you want periods when you are an amazing professional or if in other periods you are a party-boy? I don’t know. I have no idea. Only you can know that. “I am 56 now and yesterday I was 20. Do you know what I mean? Time flies, time flies and I think one day you will regret it if you can’t reach what you can reach.” Mourinho added: “I’m not expecting you to be the man of the match every game. I’m not expecting you to score goals every game. “I just want to tell you I think you might regret.. “YOU should demand more from YOU, not me demanding more from you. Not me. Not me. read als0:Tottenham star Dele Alli eases down tension at the beach with girlfriend “I think you should demand more from you.” Dele then said: “That’s fair,” before leaving the meeting. He added: “I’m not like blind to it. I know I didn’t play that well last season. “As soon as I have a bad game or I am not training that well I am the first one to criticise myself. I always think about what I can do to improve. “Sometimes things just switch.” FacebookTwitterWhatsAppEmail分享
Greensburg Pirates played their first away game of the season on Tuesday, and fell to the Southwestern Spartans 4-0.The boys played defensively for the majority of the game, allowing several Spartan opportunities, while not countering with any of their own. Southwestern scored midway through the first half off of a corner kick and then allowed 2 more to go in before the half time buzzer sounded.The Pirates were able to contain the Spartans for much of the second half, until Southwestern got a one on one with keeper Jimmie Day and were able to put it in the back of the net. Despite the 4-0 loss, junior Jimmie Day was a bright spot for the Pirates, registered 17 saves on the day. Jimmie was able to keep the score lower than what it could’ve been, making several incredibly quick reaction saves. The Pirates only registered 3 shots throughout the game. Courtesy of Pirates Coach Cody DeVolld. Your Lady Pirates Soccer started out another home game honoring a GCHS teacher. Senior Sara Pike presented Mrs. Kate Alvarez with the “Influential Faculty Member of Greensburg Community Schools” award. Pike stated, “you (Alvarez) have been an amazing teacher not only in science, but also in life lessons.” Pike went on to say “you’ve always been there when I needed you the most. Thank you for an amazing three, going on four years.” The Lady Pirates faced off against South Ripley. The game started with an offensive attack by the Pirates. They managed to control the fields for the majority of the game. With four minutes left in the first half Emily Rosales scored the Lady Pirates’ first and only goal off an assist from Kayla Haycock. The Pirates attempted 18 shots on goal and kept the fight going the full 80 minutes. The credit for this win goes to the defence. The back four, lead by captain Kelsey Scott, Alaina Nobbe, Hilary Ernstes and Elizabeth Hyatt, managed to keep the play on the South Ripley side of the field most of the game. This is the Lady Pirates first win as they look to face Madison on Thursday away. Their record is 1-2-2.Courtesy of Pirates Coach Ryan Morlan.
RelatedPosts Court sentences man, 31, to one month in prison over N100,000 fraud Court remands patient’s husband for allegedly assaulting Doctor 50-year-old man sent to prison for allegedly defiling four-year-old girl Ronaldinho is learning carpentry in prison as he faces up to the prospect of six months behind bars. The former Brazil football star and his brother were arrested after they were accused of entering Paraguay with doctored passports. Both men deny the accusations, but they have been denied bail and are currently behind bars. Ronaldinho has been learning carpentry to while away the time, but is said to be “loved” by fellow inmates and is “relaxed” in the lock-up. Unsurprisingly, the Samba star continues to play football, with fellow prisoners and officers, but he is missing his other love – music. Since he retired from football, the 40-year-old has “spent a lot of time playing the bongos”. A source told ESPN: “He can’t play any instruments inside but I am sure that in his head he will keep on coming up with melodies for compositions when he’s out. “He plays football every day and teaches the guys he plays with a few tricks. “From the very first moment he wanted to make sure he integrated with the other inmates and he quickly managed to do that. “He’s an idol for many of them and they have asked for him to sign hats, shirts and trainers.” Ronaldinho also misses his mum, with it being reported he “speaks with his mother every day in the evening and that “she’s one of Ronaldinho’s big concerns.”Tags: ESPNPrisonRonaldinho
Even Jose Mourinho’s insistence earlier this week that Chelsea would not make another attempt to sign Wayne Rooney until after the Blues had visited United on Monday had the effect of flagging up his continued interest in the 27-year-old. Yet, given the transfer window closes on September 2, and two lots of league fixtures, plus the Capital One Cup second round have to be played before then, it is hard to work out what an ideal time would be. “Everybody is allowed to make offers,” said Moyes. “You don’t need to take them. You can say no. It is as simple as that. You can do that publicly or privately.” United have so far tried and failed to sign Baines, Fellaini and Cesc Fabregas from Barcelona. They were also interested in Thiago Alcantara before the midfielder opted to join Bayern Munich. In addition, they are believed to have enquired about marquee purchases Gareth Bale and Cristiano Ronaldo without really coming close to getting either of them. Now, with Brazilian midfielder Willian on the brink of joining Chelsea, there is a theory United could get Juan Mata in exchange for Rooney. So far, though, Moyes has been frustrated in his efforts to reinforce his squad. Moyes’ successor as Everton boss, Roberto Martinez, was unhappy at United lodging a bid last Friday for star duo Leighton Baines and Marouane Fellaini, claiming it was unusual for United to do business in such a manner. Alan Pardew was even more annoyed that Arsenal made an offer for Newcastle midfielder Yohan Cabaye just hours before the Magpies’ opening Premier League game at Manchester City, triggering the France international’s withdrawal. “There is a need to do it but there’s no pressure to do it,” said Moyes. “We won’t go chasing for the wrong ones just for the sake of buying. “We have been after two or three people in the window and we need to be clear in what we do. “There is always the possibility it might not happen but we are trying.” Moyes’ safety net comes from a squad that won the title by 11 points. Whilst Rooney’s future remains open to speculation, thus far, Paul Scholes’ retirement is the only significant change – and he did not play from January until the last two weeks of the season, when the championship had already been wrapped up. United started well enough, with Robin van Persie and Danny Welbeck both scoring twice in a win at Swansea that also had a significant contribution from Rooney, who is edging closer to a starting berth. “The reason why Manchester United is capable of winning games is the quality we have in the squad,” said Moyes. “You saw it last week with the goals from Robin and Danny. And we have Wayne Rooney returning very shortly as well.” Having created the final two United goals at the Liberty Stadium, Rooney is clearly still an effective performer, no matter what the immediate future holds. Just through putting him on the pitch last weekend, Moyes has raised the potential for him starting on Monday given he will have had an additional eight days to prepare. There will not be an intention to hold him back just because United are playing Chelsea either, given the club are sticking to their stance that Rooney is not for sale, a statement Moyes has repeated so often he sees no need to spell it out again. “We’ve told you haven’t we?” he said when asked about Rooney’s future. “I hardly need to repeat it again. It doesn’t need to be said.” United will be without full-back Rafael, who faces up to four more weeks out with the hamstring injury he picked up during the Community Shield a fortnight ago. In addition, Nani (groin), Ashley Young (ankle) and Javier Hernandez (hamstring) are not expected to be involved. Manchester United manager David Moyes has little sympathy for his Barclays Premier League counterparts getting wound up by the timing of transfer bids – because they can always say no. Press Association
Byrne said: “He improved a good bit from the last day. “He loves that (hurdling), he’s a big horse. “We were a little bit afraid that the ground might be sticky, but he has run well at the Curragh on that ground. If the weather stays dry we might go again. “Davy (Russell) said he would even jump a fence in time. He’s still only four. Davy gave him a great ride.” Blacklough made a successful start to life over fences with the minimum of fuss in the Allman Contracts Limuted Beginners Chase. The Willie Austin-trained 4-7 market leader eased to the front at the second-last and coasted home four lengths ahead of It’s All An Act. Waver suffered an expensive defeat at Galway on his jumping bow but his Flat class came to the fore in the John Lynch Memorial Maiden Hurdle and he scored by a length and a half as a 9-4 shot. Press Association Rated in the 80s on the Flat, Sean Byrne’s four-year-old made a successful transition to the NH sphere with victory at Cork last month. This was an altogether more difficult assignment and he was sent off at 11-2 in a five-runner field, but he hit the front between the last two and fended off the rallying Pyromaniac by a length and three-quarters. Lean And Keen has a bright future over obstacles, judging by his battling success in the Cashen Novice Hurdle at Listowel.
The Glorya Kaufman School of Dance announced Thursday that renowned dancer and choreographer Jodie Gates will serve as the school’s director.Director · The new Glorya Kaufman School of Dance Director Jodie Gates was previously an associate professor of dance at UC Irvine. — Courtesy of Ralph Palumbo/USCGates is the former principal dancer with the Joffrey Ballet, Frankfurt Ballet and the Pennsylvania Ballet. Gates has also choreographed a number of works for classical ballet companies.Gates is an associate professor of dance at the University of California, Irvine.She has received numerous awards for her dedication in the field, including honors from the American Association of University Women and the Jerome Robbins New Essential Works Program. Gates has also created more than 40 works of her own.Robert A. Cutietta, the current dean of the Thornton School of Music who will serve as the future dean of the Kaufman School of Dance, said Gates has many unique qualities that will be assets to the school.“What really impresses me is that she has had a fabulous career as a dancer and went on to have a fabulous career as an educator,” Cutietta said. “She understands art, understands education and can put together something that has existed before, and that’s what we’re doing here.”Cutietta said Gates’ dance festival is an example of her creative traits. The Laguna Dance Festival, a non-profit organization founded in 2005 and run by Gates, gathers dance companies from across the nation to perform in various venues around Laguna Beach.The school, in addition to the Glorya Kaufman International Dance Center, is slated to open in the fall semester of 2015.In November 2012, philanthropist Glorya Kaufman provided the endowment to create the school. The dance school is the first school at the university to be established in the past 40 years. It is also the sixth endowed school dedicated to the arts, joining the schools of architecture, cinematic arts, dramatic arts, fine arts and music.Kaufman said she was pleased with Gates becoming the director.“Jodie Gates is the perfect person for the job,” Kaufman said in a statement. “She is keenly aware of the unique needs of a dancer and the importance of a first-rate curriculum.”University officials also expressed excitement not only about the school’s establishment but also about Gates’ appointment, noting her extensive experience.“Glorya Kaufman’s transformational gift has added the beauty of dance to USC’s expressive range,” Provost Elizabeth Garrett said in a statement. “With the addition of celebrated artist Jodie Gates to the Kaufman School’s leadership team, the pieces are in place to complete USC’s arts mosaic.”A committee of faculty members from various schools across the university selected Gates to serve as director.Gates will begin her position in August. According to the Los Angeles Times, her official title will be vice dean and director of the USC Glorya Kaufman School of Dance. She will also have the academic title of professor.