Business is booming.

Big Yellow chair’s wife sells £2.9m stake


Last month, Big Yellow executive chair Nicholas Vetch used half-year numbers to warn investors that “historically high levels of occupancy” at the self-storage group’s sites could soon make way for “a more normalised trading environment”.

Less than three weeks later, Vetch’s wife Catherine sold 175,000 Big Yellow shares for just over £2.9m. Should less-connected shareholders read much into this?

There’s one good reason not to. A regulatory disclosure explained the disposal was “for the payment of taxes”, which gives you a reasonable hint as to the wealth that the Vetch family have amassed since Nicholas founded the business in 1998, alongside longstanding chief executive James Gibson.

Indeed, even after the latest stake sale — equivalent to less than one-thirtieth of their holding — the family has a beneficial interest in 3.39 per cent of Big Yellow’s equity, worth £105m at the current market price of £16.86 a share.

Nevertheless, the transaction is in keeping with the long-term trend to reduce their holding gradually; in August, for example, they sold £1.7m of stock with no mention of tax arrangements.

Historic disclosures show the chairman’s stake stood at 12 per cent — worth £10m — in 2003. Almost two decades on, his voting power may have declined, but Vetch has managed to increase his absolute holding while top-slicing gains. From the outside, this looks like a sensible strategy and shows how a public listing can assist in an orderly shift in ownership.

But that doesn’t mean Big Yellow isn’t worth selling. According to FactSet, the shares now trade at a 90 per cent premium to forecast book value for March 2023, and 83 per cent above 2024 consensus. That is starting to look racy for a business showing signs of slowing activity.

Napster Group executive buys ahead of proposed delisting

Melody VR’s technology allows fans to experience live music performances using virtual reality headsets. A quick search on YouTube gives you a sense of how this works. In one video released during lockdown, rappers Cypress Hill perform their 1993 hit Insane In The Brain in a studio with psychedelic images flashing on the walls. Lead singer B-Real then asks the audience to “clear the living room of all the furniture and get crazy”.

Management believes that immersive concerts like these are the future of the music industry but also still see value in the traditional streaming model. In 2020, Melody agreed to purchase notorious US streaming service Napster for $70.6m.

The deal was closed last December and the company rebranded as Napster Group in March this year. The Napster merger enables the launch of “a platform combining immersive visual content and music streaming” which is planned to be released early in 2022, according to company filings.

During the six months to June 30 the company declared an operating loss of $8.1m but its Napster acquisition means it now has a more substantial revenue stream — £32.9m, compared to £200,000 in the previous year.

Some 42 per cent of this is in the US, though, so earlier this month it said a listing in the US would be most appropriate for the business and “most beneficial for all stakeholders”. It will do this by offloading most of the business to a subsidiary, Rhapsody, which will be sold to US-based NM Inc for $45.6m. It intends to seek a Nasdaq listing within two years, the company said.

Proceeds of the sale will be distributed to shareholders and the UK business then delisted.

If the deal is approved, it involves a consolidation of the more than 2.96bn shares currently in circulation at a rate of 750 current shares for 1 new ordinary share. Ahead of this, chief relationship officer Steven Hancock has decided to increase his holding, buying almost £101,000 worth of shares on December 10 to take his stake up to 4.5 per cent.

A week earlier, the company said it had received shareholder undertakings which, alongside directors’ and employee benefit trust votes, indicate that holders of at least 52.8 per cent of shares will support the proposals. It needs approval from more than 75 per cent of shareholders for the capital reduction required as part of the deal, though.

Source link

  1. Fcoeje says

    levofloxacin without prescription order levaquin online cheap

  2. Hmynjd says

    cost dutasteride celebrex 200mg generic generic ondansetron

  3. Rkguzi says

    aldactone 100mg generic buy fluconazole for sale order diflucan 100mg generic

  4. Ixrozf says

    order ampicillin 250mg cephalexin 125mg without prescription oral erythromycin

  5. Rxmsyf says

    buy fildena online cost fildena 100mg buy methocarbamol without prescription

  6. Ihqpms says

    suhagra over the counter estradiol oral estradiol 1mg canada

  7. Pfekzu says

    generic lamotrigine 50mg prazosin generic retin over the counter

  8. Jdupbg says

    purchase tadalafil pills tadalafil pills buy diclofenac generic

  9. Frkdsr says

    buy isotretinoin amoxil 500mg generic zithromax ca

  10. Ndllsx says

    buy indomethacin 50mg online cheap order generic cefixime cheap trimox

  11. Zpnrpr says

    buy cialis 10mg without prescription medications online buy sildenafil 50mg online

  12. Zrswkt says

    order arimidex 1mg for sale Brand name viagra cheap sildenafil tablets

  13. Aqsvjd says

    cialis 40mg sans ordonnance en france cialis 5mg en france viagra 100mg en france

  14. Tikooc says

    order prednisone 10mg sale sildenafil 200 mg order viagra 50mg for sale

  15. Rqzofo says

    cialis 5mg generika original tadalafil 20mg rezeptfrei sicher kaufen sildenafil 200mg kaufen ohne rezept

  16. Tanips says

    order isotretinoin 40mg pill amoxil canada ivermectin 6 mg tablet

  17. Yeplzp says

    generic doxycycline levitra canada buy lasix generic

  18. Gwhaus says

    purchase ramipril pill ramipril canada astelin 10ml price

  19. Lncxor says

    order clonidine 0.1mg without prescription purchase spiriva sale tiotropium bromide for sale online

  20. Wsfunr says

    buy buspar generic buy phenytoin pill purchase oxybutynin generic

  21. Jrtaem says

    alendronate 70mg over the counter buy fosamax online cheap pepcid pill

  22. Vfuruf says

    benicar oral order divalproex 250mg online purchase diamox generic

  23. Eravte says

    prograf 1mg ca trandate cheap ursodiol online buy

  24. Ilimyz says

    buy isosorbide 20mg generic order telmisartan 20mg online cheap order micardis without prescription

  25. Xnlluo says

    purchase zyban generic buy generic cetirizine 10mg oral seroquel 50mg

  26. Eoardi says

    buy molnunat 200mg generic buy naproxen 500mg order prevacid online cheap

  27. Plqczi says

    purchase sertraline without prescription purchase kamagra sale sildenafil 50mg cheap

  28. Ivhoso says

    order imuran sale salbutamol 100 mcg brand female viagra pill

  29. Fmovoq says

    order tadalafil 20mg for sale purchase prozac generic viagra 25mg price

  30. Xiimpj says

    order revia 50mg pill order abilify 20mg pill purchase abilify for sale

  31. Rbwpfa says

    order dapsone 100mg online purchase avlosulfon generic aceon 4mg cheap

  32. Ffweed says

    medroxyprogesterone 10mg us cost praziquantel 600mg brand periactin 4mg

  33. Qdtuqk says

    buy provigil 100mg without prescription provigil 200mg pills ivermectin online pharmacy

  34. Ogklmw says

    fluvoxamine 100mg generic buy generic glipizide 5mg glipizide 5mg over the counter

  35. Hesxdr says

    buy isotretinoin 20mg for sale buy amoxicillin 1000mg pill order generic deltasone 5mg

  36. Kzpsqf says

    buy piracetam generic buy nootropil 800mg viagra 50mg

  37. Vjewfz says

    buy zithromax online cost gabapentin gabapentin 800mg ca

  38. Vwxxqg says

    tadalafil 10mg tadalafil 20mg price cheap sildenafil pill

  39. Apyraw says

    cheap furosemide 40mg buy doxycycline 100mg without prescription order hydroxychloroquine 200mg sale

  40. Fwewqk says

    chloroquine 250mg uk cenforce order olumiant 4mg tablet

  41. Sippep says

    order metformin 1000mg pills order atorvastatin 40mg cialis 40mg without prescription

  42. Cdglam says

    brand zyprexa 10mg buy generic olanzapine 10mg order diovan pills

  43. Hrabag says

    order amlodipine for sale viagra 150mg cialis india

  44. Fmqway says

    clozapine order online cost clozapine dexamethasone ca

  45. Pzrouk says

    order sildenafil sale sildenafil pill buy lisinopril 10mg for sale

  46. Yjwpjc says

    zyvox 600 mg ca blackjack game free online slot machines

  47. Yainwn says

    oral prilosec cash poker online casino play

  48. Sfaabt says

    lopressor online buy order vardenafil 20mg generic order levitra without prescription

  49. Uzyyuz says

    order an essay online essay writing sites real money poker online

  50. Cmkpay says

    buy vardenafil 10mg pills methylprednisolone 16mg over counter generic medrol

  51. Ohxyny says

    assignments for sale helpwithassignment sildenafil 50 mg

  52. Sxxnzb says

    oral clomid albuterol price vegas casino online

  53. Mkjesy says

    buy cialis 20mg online cheap cialis coupon cvs order sildenafil 50mg

  54. Tamqty says

    order aristocort 10mg pills loratadine brand order desloratadine without prescription

  55. Gcddfi says

    order priligy 90mg pills order priligy generic buy levothyroxine sale

  56. Snkzgp says

    buy tadalafil sale viagra 50mg pills for men viagra 50mg oral

  57. Fqwjdv says

    xenical 120mg over the counter order diltiazem online cheap zovirax 400mg canada

  58. Yaxmjy says

    purchase tadalafil pills order inderal 10mg clopidogrel 150mg over the counter

  59. Rvsagh says

    purchase zyloprim without prescription crestor buy online order ezetimibe

  60. Jbibvo says

    methotrexate online order methotrexate 5mg online reglan ca

  61. Ayldpk says

    domperidone 10mg ca buy sumycin flexeril us

  62. Rxvjnc says

    order generic losartan 50mg topamax tablet buy topiramate online

  63. Wstttn says

    order lioresal for sale order generic tizanidine 2mg toradol 10mg ca

  64. Nwotor says

    purchase imitrex sale levofloxacin for sale dutasteride online buy

  65. Zywgpw says

    buy gloperba pills bonus casino blackjack online us

  66. Xcpglr says

    best online casino games cash poker online real money blackjack

  67. Tfrsma says

    buy tamsulosin without prescription aldactone for sale online buy spironolactone 100mg generic

  68. Fhdruv says

    tadalafil 10mg sale buy ampicillin 500mg cipro for sale

  69. Uswygj says

    buy zocor 20mg pill valacyclovir 1000mg canada propecia 1mg ca

  70. Boepmi says

    order flagyl 200mg sale order metronidazole 400mg online bactrim 480mg canada

  71. Dwocmj says

    diflucan 100mg for sale viagra for sale online buy sildenafil 50mg online

  72. Kxjxoa says

    oral cephalexin 250mg cephalexin 250mg canada order erythromycin pill

  73. Cuyzqs says

    tadalafil 20mg pill cost cialis 20mg order viagra without prescription

  74. Glbklr says

    sildenafil 100mg generic free shipping viagra buy cialis 10mg online cheap

  75. Bvjogp says

    cefuroxime 250mg us methocarbamol order robaxin uk

  76. Qbuptu says

    slots free online gambling casinos tadalafil 5mg ca

  77. Csrrek says

    oral trazodone order sildenafil pills buy sildenafil 50mg generic

  78. Tyazex says

    buy cheap essays online cheap stromectol 6mg where to buy ivermectin pills

  79. Zicfkg says

    viagra sildenafil 200mg estradiol 1mg drug order lamictal online cheap

  80. Trskpg says

    purchase prednisone without prescription order isotretinoin 40mg for sale amoxil without prescription

  81. Ffxewe says

    viagra sildenafil order sildenafil 50mg pill tadalafil 10mg price

  82. Qxvjvf says

    play slots casino real money cost tadalafil 40mg

  83. Fkuybj says

    order azithromycin 250mg without prescription azithromycin 500mg tablet order generic gabapentin

  84. Tnkljw says

    free casino slot games order modafinil 200mg online cheap modafinil 200mg oral

  85. Fgraqt says

    lasix 100mg tablet order doxycycline 100mg generic order hydroxychloroquine 200mg online cheap

  86. Rxetvi says

    sildenafil ca purchase rhinocort online purchase rhinocort generic

  87. Gijbqx says

    prednisone usa minipress price vermox without prescription

  88. Rbsxbd says

    order tretinoin order tretinoin generic order avanafil 200mg sale

  89. Rlsfbb says

    tadacip 10mg cheap buy generic tadalafil 10mg buy indocin for sale

  90. Xcjmsj says

    lamisil oral cefixime 200mg sale order amoxicillin 500mg without prescription

  91. Yssthx says

    naprosyn price buy prevacid 15mg pill cost lansoprazole

  92. Ruwhjx says

    biaxin brand buy generic biaxin 250mg buy antivert sale

  93. Fslfye says

    purchase tiotropium bromide hytrin 5mg without prescription terazosin order online

  94. Xuvjtu says

    albuterol 100 mcg ca albuterol order cipro 500mg generic

  95. Chczzy says

    cost actos 30mg order viagra 50mg pill viagra sildenafil 100mg

  96. Xjeooa says

    order generic singulair 5mg viagra ca sildenafil 150mg for sale

  97. Gxrmqm says

    cialis pills 10mg online casino burton brunette

  98. Kliylg says

    buy tadalafil 20mg pills Cialis buy overnight cialis 40mg over the counter

  99. Tgpjip says

    crazy poker games casino moons online casino no deposit free spins

  100. Yysfgq says

    stromectol 6mg online symmetrel 100mg for sale buy dapsone 100 mg generic

  101. Rrbbyn says

    blackjack online betting crazy poker games best play money poker sites

  102. Vuovnv says

    real money casino games online blackjack with real money need help writing a paper

  103. Lbbpwe says

    ramipril order ramipril price arcoxia online order

  104. Ayjokh says

    writing assignments sulfasalazine sale buy generic sulfasalazine 500mg

  105. Nsvrkq says

    buy doxycycline 200mg buy doxycycline 200mg generic cleocin 300mg generic

  106. Kxnoum says

    buy mesalamine 400mg online irbesartan oral irbesartan online order

  107. Zwwvkk says

    benicar over the counter verapamil for sale purchase divalproex sale

  108. Txaurr says

    buy diamox 250 mg buy azathioprine for sale order imuran 50mg without prescription

  109. Kuwufz says

    order digoxin sale micardis 20mg cost buy molnupiravir 200mg without prescription

  110. Kkoklk says

    carvedilol 25mg canada ditropan 5mg cost buy elavil 50mg online

  111. Amuceb says

    purchase fosamax generic brand fosamax 70mg motrin oral

  112. Qrbtar says

    priligy 60mg over the counter avana 200mg over the counter motilium price

  113. Iyrlzo says

    buy nortriptyline 25mg online paxil drug paxil online

  114. Mrwnce says

    buy indomethacin pills order generic indomethacin 75mg buy cenforce online cheap

  115. Amejyd says

    order famotidine 40mg pills purchase mirtazapine generic remeron 15mg for sale

  116. Aqpmrb says

    tricor medication sildenafil for sale order viagra 50mg for sale

  117. Uyvhca says

    buy tadacip 10mg online cheap buy tadacip 20mg generic purchase amoxicillin generic

  118. Ebzltt says

    brand tadalafil 20mg Best tadalafil price viagra pill

  119. Wnwntg says

    oral cialis 40mg Canadian healthcare tadalafil buy ed pills

  120. Ncquxs says

    minocin 50mg uk cost gabapentin order terazosin 1mg pills

  121. Rmnmbr says

    buy modafinil 100mg online cheap stromectol pills for humans buy promethazine without prescription

  122. Ivthrk says

    cheap glucophage 500mg cost verapamil 120mg tamoxifen 10mg cheap

  123. Kpnaon says

    buy deltasone 20mg generic isotretinoin 10mg oral cheap amoxicillin sale

  124. Ytqczk says

    purchase serophene online cheap prednisolone 5mg cost buy prednisolone 40mg online cheap

  125. Entmcw says

    erection pills lyrica medication buy propecia online

  126. Jczryr says

    buy accutane order deltasone 20mg online order ampicillin

  127. Lkkpuf says

    cost zofran trimethoprim usa oral trimethoprim

  128. Zujfhj says

    buy ventolin pill brand augmentin 375mg augmentin 375mg drug

  129. Mnxuyh says

    accutane tablet amoxil 250mg over the counter purchase azithromycin online

  130. Mbnhmu says

    purchase provigil pill purchase lopressor pill buy metoprolol 50mg pills

  131. Yxdeim says

    buy prednisolone 10mg online prednisolone 40mg price order lasix

  132. Hgrjpv says

    buy avodart generic avodart 0.5mg pill buy orlistat 60mg sale

  133. Kevinfret says

    баланс на карте
    виза шенген купить

  134. Vhpklb says

    azathioprine 50mg pill buy imuran generic naprosyn 500mg without prescription

  135. 슬롯머신 says

    yow wassup do you play casino? and you still loosing? 슬롯머신 here’s the tips and tricks with hacks and you will always win in casino so stay quiet before update casino ,

  136. Omjwnk says

    doxycycline 200mg pills buy acyclovir 400mg generic acyclovir canada

  137. Srufrv says

    omnicef 300 mg pill prevacid us protonix 20mg price

  138. Svbtzi says

    ditropan 2.5mg uk tacrolimus 5mg ca trileptal drug

  139. Jjvyjz says

    buy avlosulfon 100 mg online buy asacol pills tenormin 50mg tablet

  140. Wddays says

    simvastatin for sale online zocor 20mg without prescription sildenafil overnight delivery

  141. Dahdim says

    buy sildenafil 100mg sale sildenafil overnight tadalafil cialis

  142. Fsudzn says

    alfuzosin medication buy desyrel 100mg sale buy diltiazem 180mg pills

  143. Fobzhd says

    phenergan usa purchase promethazine generic order cialis sale

  144. Lkuttu says

    cheap levaquin 500mg buy bupropion online order zyban 150 mg without prescription

  145. Twcjzp says

    order zetia 10mg for sale cost sumycin 250mg methotrexate without prescription

  146. Ismgdh says

    cost warfarin metoclopramide uk buy allopurinol online cheap

  147. Rvyqhv says

    zyrtec 5mg pills sertraline 100mg brand cost zoloft 100mg

  148. Hlnndg says

    escitalopram order revia 50mg cost order naltrexone 50 mg pill

  149. Eqtecw says

    buy lipitor without a prescription atorvastatin for sale online purchase viagra sale

  150. Gkvxkw says

    letrozole 2.5 mg cheap viagra order online purchase viagra without prescription

  151. Hevate says

    order tadalafil pills cialis women where to buy otc ed pills

  152. Cpgonh says

    cialis pills 40mg buy discount cialis online men’s ed pills

  153. Dcomdx says

    ivermectin australia prednisone 10mg cheap order accutane 10mg online

  154. Laylyn says

    modafinil 200mg us order prednisone buy deltasone 20mg pill

  155. Ldjjzh says

    purchase amoxil pill prednisolone 20mg for sale order prednisolone 5mg sale

  156. Jheadc says

    purchase absorica online cheap amoxicillin 250mg us buy azithromycin 250mg online

  157. Nthqdb says

    order gabapentin 600mg for sale oral neurontin 600mg doxycycline 200mg without prescription

  158. Hztldc says

    cheap prednisolone pills buy neurontin online cheap order lasix for sale

  159. Ijksux says

    serophene usa order levitra 20mg pill how to buy hydroxychloroquine

  160. Inexfj says

    order generic doxycycline 200mg brand albuterol augmentin 625mg pills

  161. Zoaani says

    buy generic atenolol online oral methylprednisolone cost letrozole where to buy

  162. Pdyqxs says

    order levoxyl online clomid order online vardenafil 20mg oral

  163. Rrkpyo says

    albendazole 400 mg canada aripiprazole over the counter provera order online

  164. Lhkmca says

    glucophage cost metformin price norvasc 5mg for sale

  165. Gvntou says

    order biltricide 600 mg generic periactin 4mg without prescription buy periactin online cheap

  166. Vjpfpd says

    zestril 10mg brand purchase metoprolol generic buy generic metoprolol

  167. Pqpzaf says

    order lyrica 75mg without prescription buy pregabalin 150mg priligy 90mg cheap

  168. Kjpizv says

    buy methotrexate 5mg online cheap metoclopramide 20mg usa buy metoclopramide pills for sale

  169. Wpbjas says

    buy generic xenical 60mg buy zyloprim pills for sale order allopurinol 300mg sale

  170. Ojknov says

    losartan 25mg cheap nexium 20mg ca topiramate 200mg pill

  171. Tugsbx says

    buy rosuvastatin 10mg generic motilium 10mg canada buy motilium online

  172. Hsjwra says

    imitrex 25mg pill oral avodart 0.5mg order avodart 0.5mg for sale

  173. Fpcwus says

    order sumycin pills sumycin 250mg over the counter brand baclofen

  174. Tyswgf says

    toradol brand order toradol without prescription propranolol canada

  175. Oawora says

    buy zantac without prescription order celecoxib 200mg generic buy celebrex 200mg generic

  176. Wssbxy says

    tamsulosin 0.2mg sale purchase flomax pill order generic aldactone

  177. Pcnxtx says

    buy cymbalta 40mg sale purchase cymbalta generic purchase nootropil generic

  178. Pqmktr says

    ipratropium brand buy decadron pills zyvox drug

  179. Abslgr says

    prometrium 100mg pills order tindamax 500mg for sale order zyprexa 10mg generic

  180. Mqruef says

    nebivolol 20mg cheap clozapine 50mg brand order clozaril 50mg online cheap

  181. Ycvfcb says

    nateglinide 120mg without prescription order atacand generic atacand 8mg usa

  182. Uhygnq says

    order simvastatin 10mg generic viagra 100mg oral purchase sildenafil pill

  183. Rnacwc says

    carbamazepine cheap ciplox tablet generic lincocin

  184. Hqrflu says

    canadian cialis online pharmacy cheap tadalafil sale buy sildenafil 50mg online cheap

  185. Obsjer says

    estrace 1mg cost buy generic lamotrigine online prazosin over the counter

  186. Umtfpm says

    buy vermox pills for sale tadalafil order online purchase tadalafil without prescription

  187. Tijqyu says

    buy indomethacin 75mg generic indomethacin generic buy cefixime online cheap

  188. Xvnsix says

    buy tamoxifen 10mg online order tamoxifen 10mg sale cefuroxime 250mg sale

  189. Xtzipq says

    amoxicillin 500mg usa trimox 500mg cost biaxin 500mg ca

  190. Kkjquc says

    buy clonidine paypal where can i buy antivert order spiriva 9 mcg sale

  191. Haeyrg says

    order generic minocycline order generic terazosin 5mg purchase pioglitazone without prescription

  192. Egjvyw says

    buy isotretinoin without prescription cost accutane azithromycin 250mg pills

  193. Uaqjwb says

    arava over the counter buy leflunomide paypal generic sulfasalazine

  194. Luigitaups says buy ed pills online

  195. Dvljvw says

    buy azithromycin pill buy cheap omnacortil neurontin 100mg pills

  196. Tixocs says

    cheap generic cialis cheap viagra online cialis 20mg usa

  197. Nhjeoi says

    buy lasix sale buy ventolin 2mg for sale albuterol inhaler

  198. Rpyocw says

    vardenafil 10mg drug brand levitra buy hydroxychloroquine 200mg sale

  199. Ggosiw says

    ramipril for sale buy arcoxia 60mg generic order etoricoxib 120mg online cheap

  200. Uqsoxi says

    purchase vardenafil generic cheap zanaflex how to get hydroxychloroquine without a prescription

  201. Ovttyx says

    mesalamine for sale cheap azelastine irbesartan 150mg canada

Leave A Reply

Your email address will not be published.