Member Info for IP3LY

Furthermore, Allison Kirkby will be granted a long-term Restricted Share Plan (RSP) award equivalent to 200 percent of her salary, vesting in three equal tranches over three, four, and five years from the date of grant. She will be required to retain all vested shares until five years after the grant. As part of her commitment to the company, Allison will also be expected to build a shareholding equivalent to 500 percent of her salary within five years.

Allison Kirkby’s appointment as the Chief Executive of BT Group comes with high expectations, and the telecommunications industry will be closely watching her leadership as she takes on this new challenge.

Britain's BT Group (BT.L) on Monday appointed Allison Kirkby, chief executive of Sweden's Telia (TELIA.ST), to replace Philip Jansen around the end of January 2024 at the latest.

Kirkby has been a non-executive director at BT since 2019.

Jansen said earlier this month that he would step down from Britain's biggest broadband and mobile company within the next year, having set plans in motion to cut jobs, become leaner and complete the roll-out of a national fibre network.

Excerpt: Reuters News

Cheers for your view SonOfMandy!

P.S. Sorry to hear about the loss even if £3.50 is the bid per share.

ATB.

Which way do you think the Shareprice will go @SonOfMandy if you are correct about a Bid (from either Altice or DT) at end of Aug/Sept?

No suprise we finished down when we have positive results! Been same everytime - unless when a CEO leaves of the FTSE100 drops (even when BT are in it) do we see it go up!

GLA.

Lookslike a good set of results this morning.

Up 4% on Adjusted Revenue @ £5.2B & £2B for EBITDA with 44% of FTTP target reached with 32% of that is customer take up rate.

“Slowly slowly catchy the monkey”.

GLA & ATB

GLA

“ There seems little honour out there at the moment. Executives promoted above their skill level who believe their own hype”. - Couldn’t be more true at present time so it seems!

But at the same time, no one wants these positions because there’s so much work to be done at these corporations that the people who step in these positions are either too close to retirement or do their 3-5 year stunt and bugger off when what they were bought in to do - didnt happen or failed and they leave with a fat pay cheque and stocks (if any)…..just cant find the staff as the cliché goes!

Oh well hopefully onwards and upwards and Dame and Co. will be forgotten lol!

GLA!

Absolutely right Rocka999 well dissected - she knew the rules regarding confidentiality, and so knew exactly what she was doing and consequences. Most probably did it to on purpose to get out - as no other way to get out as she done her time in the industry lol!

Wise words Big Bang and concur! As am waiting for ‘actuals’ also.

I will continue to forward any email updates from Microsalt as I have been whenever I receive them.

GL & ATB.

The following is a Q2 2023 update from MicroSalt:

I wanted to reach out to thank all our valued stakeholders as we continue to grow and expand both the commercialization of MicroSalt as well as to educate the food community about MicroSalt which is ready for application across several market segments.

The Company continues its growth both in the US and globally as it brings its low sodium mission to both the B2C and B2B market segments. Some of our most notable developments are:

• Major US Food and Drug retailer has established 4 private label SKUs to roll out Q4 2023 in 800+ high volume stores. Likely to be followed-up in 2024 with a roll out to over 7,000+ locations.

• The launch of our retail saltshakers in the US has resulted in placements in hundreds of stores since late 2022. These placements include Hannaford Brothers, Brookshire Brothers, Pete’s FreshMarket, Heinen’s, Dicks Fresh Markets, Zerbo’s Market, Big Y, Fine Fare and several other retailers in the US.

• Secured placement of SaltMe crisps within the US retail business focusing on better for you consumer placements including H Mart, Kink Kullen (32 stores) and Dags/Gristeded (28 stores).

• E-commerce has begun with the shakers being added to our Amazon US site and pending launch on the Amazon UK site within the next couple of months.

• New outreach to the QSR/FSR market with sodium reduced burger buns a potentially significant new opportunity for both sodium reduction and the MicroSalt presence across multiple jurisdictions.

• The Company announced its affiliation with Chef Jack Stein as our Culinary brand ambassador in the UK. Jack has a strong following in the UK and will bring much appreciated support to culinary outreach efforts. This partnership is expected to have a significant impact including expanded exposure of MicroSalt products to the culinary audience of Chef Stein and providing culinary guidance and credibility for the use of MicroSalt in both every day and commercial food preparation.

• The Company’s parent company is actively engaged with its investment banker Zeus Capital towards its anticipated London Stock Exchange Listing.

• Expansion of staff to include a full-time sales associate and full-time supply chain associate to ensure timely execution of sales and supply chain opportunities.

Yeah I think it’s BS too - as he has undelivered on the master plan, but will be interesting to see who takes his spot (apparently Marc Allera is the front runner atm).

True that, but his loss is negligible to what he will get for his departure.

In summary, we can only see how this unfolds….and hope it’s for the best for all.

Found it…

https://m.uk.investing.com/news/stock-market-news/analysts-sympathetic-to-bt-boss-philip-jansens-investor-frustration-3084812

Furthermore, CEOs do their 5 years “time” and move on.

@Ianfm - I will have to dig it out, but a recent interview - stated that PJ was disappointed at investors lacked the long term strategy for BT to become profitable - and are only seeing the short term - which got his back up….perhaps that’s what has broke his back and feels his efforts are not appreciated on top of what the observation you made - ie. Pushed out / Fed up etc.

News not received well it seems but long term looks like VMU doing some cost saving, and will be interesting to see what next quarter performance report will make of the strategy.

P.S. Well done to those who held and broke even or made gains from the recovery.

GL & ATB.

British lender Virgin Money UK said on Thursday it will close 39 stores as the company continues to see a drop in footfall and transaction volumes.

"Access to a bank and cash is a fundamental need for all our local high streets," UK's labour union Unite said in a separate statement about the store closures.

Virgin Money UK said that some workers will be at risk of redundancy following the store closures. - Reuters News

Agreed Abjectperformer - it will go back to 110s esp. On or after 3rd August 2023 (ex-divi date) if it remains at 120p level.

The-Chuz - this standard with PrimaryBid - they changed the way they offer stakes on companies now - almost not worthwhile using PB for last minute buy-ins or they wont tell you how much you bought a stock for until the round ends - whereas before, they would tell you exactly what price you would be buying at (like they have for Argo).

GL if you buying via PB.

@elphi - What personal analysis are you using or based on? As thought your gut feeling said this share was deadwood a few months ago.

Robust capital position and generation supports planned shareholder returns.

The Group’s capital position has remained robust since the 30 June 2022 balance sheet start date of the stress test. The Group delivered underlying capital generation of c.180bps of CET1 in the twelve months to March 2023, whilst distributing c.100bps of capital back to shareholders, resulting in a 14.7% CET1 ratio as at March 2023.

As recently announced at half year 2023 results, the Group continues to expect to operate above a 14% CET1 ratio during FY23, given the level of macroeconomic uncertainty and expects to return to its target CET1 range of 13-13.5% in FY24. In line with the Company’s published capital framework and dividend policy, the Group expects a 30% full year dividend payout level, supplemented with buybacks subject to ongoing assessment of surplus capital, market conditions and regulatory approval.

Given the successful completion of the ACS stress test, and as previously guided, the Group anticipates resuming its buyback programme during FY23, subject to Board and regulatory approvals.