Capital Reorganisation.Business Editors UK REGULATORY NEWS LONDON--(BUSINESS WIRE)--July 9, 2003 Rothschilds Continuation Holdings AG: Restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). -- XS0126649077 -- XS0145120043 The English 1. English - (Obsolete) The source code for a program, which may be in any language, as opposed to the linkable or executable binary produced from it by a compiler. The idea behind the term is that to a real hacker, a program written in his favourite programming language is and French Rothschild families Rothschild family European banking dynasty. It was founded by Mayer Amschel Rothschild (1744–1812), who started out in a Frankfurt banking house. The family name derived from the red shield (rote Schild) on the house in the Jewish ghetto where Mayer's ancestors lived. announce that they have agreed to consolidate their respective shareholdings in the Group in a new holding company, Concordia Concordia (kōng-kôr`thyä), city (1991 pop. 116,491), Entre Ríos prov., NE Argentina, a port on the Uruguay River. BV, which will be owned in equal shares by the English Rothschild family and Paris Orleans Or·lé·ans A city of north-central France on the Loire River south-southwest of Paris. Founded by Celts and conquered by Julius Caesar in 52 b.c. SA, a public company through which the French family's interests are held. Concordia BV will own a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Rothschilds Continuation Holdings AG, and it will acquire from Paris Orleans SA a significant interest in Rothschild & Cie Banque. As part of the restructuring Rothschilds Continuation Holdings AG will acquire full ownership of Rothschild North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Inc and N M Rothschild & Sons Canada Holdings Limited. Rothschilds Continuation Holdings AG is the parent company of the Rothschild international investment banking group. The Group has offices in more than 30 countries, and its subsidiaries include N M Rothschild & Sons Limited. To complement this restructuring, a number of changes are to be made in the way in which the Group is managed. After 21 years as Chairman, Sir Evelyn de Rothschild has decided to leave the Board of Rothschilds Continuation Holdings AG and to hand over the chairmanship of the company to David de Rothschild David de Rothschild is the name of several members of the renowned family of bankers founded by Mayer Amschel Rothschild family
Sir Evelyn will remain Chairman of N M Rothschild & Sons Limited. David de Rothschild, who will continue to be Deputy Chairman of N M Rothschild & Sons Limited, will have management responsibility for running the Bank. It is anticipated that the restructuring will be completed by the early Autumn, and the management changes will take place very shortly. Announcing the restructuring, Sir Evelyn de Rothschild said: "We have for several years now been strengthening the links between the English and French Rothschild families so that the Rothschild Group is better able to operate in a co-ordinated way and thus to compete effectively in international markets. We have already had considerable success in following this path but have concluded that we now need to take the process a major step further." Commenting on the announcement, David de Rothschild said: "We firmly believe that these measures to consolidate the various Rothschild shareholder and business interests will create a stronger, more unified Group and serve us well in maintaining our standing as a leading independent international banking house. "The sustained growth of the Group over the past 21 years under Evelyn's Chairmanship has been a remarkable success story. I am honoured to succeed him as Chairman of Rothschilds Continuation Holdings and even though these are clearly challenging times for investments banks, we look to future with confidence." Short Name: Rothschilds Contin Category Code: CAR Sequence Number: XXXXXXXX Time of Receipt (offset from UTC (Coordinated Universal Time, Temps Universel Coordonné) The international time standard (formerly Greenwich Mean Time, or GMT). Zero hours UTC is midnight in Greenwich, England, which is located at 0 degrees longitude. ): 20030709T112055+0100 |
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