Swala Oil and Gas (Tanzania) Plc (SWALA.tz) HY2016 Interim Report

first_imgSwala Oil and Gas (Tanzania) Plc (SWALA.tz) listed on the Dar es Salaam Stock Exchange under the Energy sector has released it’s 2016 interim results for the half year.For more information about Swala Oil and Gas (Tanzania) Plc (SWALA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Swala Oil and Gas (Tanzania) Plc (SWALA.tz) company page on AfricanFinancials.Document: Swala Oil and Gas (Tanzania) Plc (SWALA.tz)  2016 interim results for the half year.Company ProfileSwala Oil and Gas (Tanzania) Plc is an oil and gas company with extensive interests in Tanzania and Burundi. Its current exploration operations include the Kilosa-Kilombero license in Tanzania with a 75% participating interest, and Block D in Burundi with a 100% participating interest. Swala Oil is a shareholder of PAE PanAfrican Energy Corporation (“PAEM”); a Mauritius-based company which owns PanAfrican Energy Tanzania Limited (“PAET”). PAET holds the rights granted by the government of Tanzania to explore, develop, market, produce and sell natural gas from the Songo gas fields in Tanzania. This includes rights to managing the associated infrastructure and distribution and marketing agreements with the private sector and state enterprises. Swala Oil and Gas (Tanzania) Plc is listed on the Dar es Salaam Stock Exchangelast_img read more

ARDOVA PLC (ARDOVA.ng) Q12017 Interim Report

first_imgARDOVA PLC (ARDOVA.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2017 interim results for the first quarter.For more information about ARDOVA PLC (ARDOVA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the ARDOVA PLC (ARDOVA.ng) company page on AfricanFinancials.Document: ARDOVA PLC (ARDOVA.ng)  2017 interim results for the first quarter.Company ProfileARDOVA PLC formerly (Forte Oil Plc) sources and markets petroleum products in Nigeria which includes fuels, production chemicals, lubricants, greases and power generation for automobiles, aircraft, machines and equipment. The Fuel division supplies white petroleum products, aviation turbine kerosene and Jet A-1 aviation fuels; the Upstream division supplies ancillary products for the exploration and production sub-sector of the oil and gas industry; retail and industrial products include lubricants and grease; organic and petro-chemicals; premium motor spirit, automotive gas oil, dual purpose kerosene and fuel oils. Forte Oil Plc also has business interests in power generation through the 414MW Geregu power plant located in Kogi state. Established in 1964 and formerly known as African Petroleum Plc, the company changed its name to Forte Oil Plc in 2010. Its head office is in Lagos, Nigeria. ARDOVA PLC is listed on the Nigerian Stock Exchangelast_img read more

Timoci Nagusa huge hit leads to Jesse Mogg try in Montpellier romp

first_imgThursday Mar 24, 2016 Timoci Nagusa huge hit leads to Jesse Mogg try in Montpellier romp Montpellier produced the shock result of the weekend in the Top 14 with a 60-7 thrashing of Racing 92, taking them up to fourth in the league standings. This try scored by Jesse Mogg was one of the more spectacular of the day, coming from a fantastic tackle by Timoci Nagusa.Jake White’s team demolished league leaders Racing, scoring nine tries in the process.Fijian flyer Nagusa scored two tries on the day, but his contribution towards former Brumbies fullback Mogg’s try stood out for obvious reasons. He flew in to perfectly time a tackle on Racing number ten Remi Tales, who had no chance of avoiding the hit.The ball popped free and some neat work resulted in a nicely taken try for speedster Mogg, who was first capped by the Wallabies in 2013. Racing were missing Dan Carter, Mike Phillips and Juan Imhof as well as some French players on duty in the Six Nations, but the loss allowed Montepellier to get closer to that play-off place.It also showed that with the likes of Francois Steyn, Bismarck Du Plessis and Nagusa in their ranks, Montpellier can be a seriously potent force to deal with.“We were simply swept aside. We committed too many errors and lost the ball too often to hope to compete with a side that was physically stronger,” said Racing centre Alexandre Dumoulin.View a full highlights wrap » (next page)ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Children’s Society uses e-mail for face-to-face donors

first_img Tagged with: Digital Individual giving  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Children’s Society uses e-mail for face-to-face donors AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Children’s Society is using e-mail for the first time to communicate with donors who have been recruited though face-to-face fundraising.The message was sent to 7,000 donors thanking them for their support and encouraging them to continue their support. E-mail was used because the charity’s research had identified this as a popular communications tool for face-to-face donors.Created by creative agency aia, the message featured the story of Mandy, a young girl whom the charity had helped after her mother died. Advertisement Howard Lake | 17 July 2004 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

U.S. and Afghanistan: The cynical abuse of ‘women’s rights’

first_imgThis article, originally published in 2007 in Workers World’s “Lavender & Red series, exposes an Islamophobic argument hidden under the cloak of “human rights” and “women’s rights” as propaganda used by imperialists to justify military aggression. The same false argument was recently deployed by neo-Nazi, white supremacist organizers of June 10 anti-Muslim rallies in the U.S. See Feinberg’s entire historic series on the deep interconnections between socialism and LGBTQ liberation at workers.org/lavender-red/. The U.S. did not unleash war on Afghanistan in 2001 to “liberate” women. But pro-war spin doctors — embedded with the corporate media — went into overdrive to create that impression after 9/11. Public relations campaigns “sold” as liberation a high-tech imperialist war against an impoverished country with no air force.This was designed to obscure the fact that imperialism had no right to violate Afghanistan’s self-determination and sovereignty.The New York Times offered a more candid geopolitical view as early as Jan. 18, 1996, in an article entitled “The New Great Game in Asia” — referring to the 19th-century struggle among capitalist powers to control the Eurasian landmass and the warm-water ports of the Persian Gulf.The Times explained, “While few have noticed, Central Asia has again emerged as a murky battleground among big powers engaged in an old and rough geopolitical game. Western experts believe that the largely untapped oil and natural gas riches of the Caspian Sea countries could make that region the Persian Gulf of the next century. The object of the revived game is to befriend leaders of the former Soviet republics controlling the oil, while neutralizing Russian suspicions and devising secure alternative pipeline routes to world markets.”After overturning the bloc of workers’ states in the Soviet Union and Eastern Europe, U.S. finance capital schemed to secure ownership of trillions of dollars worth of buried oil and gas treasure in the Caspian Sea region, which had for decades been collectively owned by the workers and peoples of the region.Transnational energy giants like Unocal and Enron saw Afghanistan as the best path to pipe oil and gas from Central Asia to the world market.The Bush neo-cons, Pentagon brass and the military-industrial complex worked overtime to frame this as a campaign for women’s rights.Laura Bush delivered the presidential radio address on Nov. 16, 2001 — a month after the Pentagon assault began. Her speech focused on women’s rights in Afghanistan: “The fight against terrorism is also a fight for the rights and dignity of women.” It was a total lie.Afghan Revolution advanced women’s rightsAn article in Workers World on Oct. 10, 1996, by Deirdre Griswold showed how a progressive revolution in Afghanistan in 1978 had taken measures to liberate women and challenge centuries of landlordism. In response, the U.S. pulled together an army of pro-feudal elements to crush that revolutionary government, forcing it to call on the USSR for support.The WW article quoted from a 1986 Department of Defense publication titled “Afghanistan — a Country Study.” Even this Pentagon book had to admit that the 1978 revolution brought many gains to Afghan women and girls.Women were organized in the Democratic Women’s Organization of Afghanistan. The national group had been founded in 1965 by Dr. Anahita Ratebzada. Her companion Babrak Karmal, who founded the People’s Democratic Party of Afghanistan the same year, later became the country’s president.One of the first actions of the revolution was to end “bride-price” and allow women to make marriage choices. Punishment of women who had sex outside of marriage was prohibited. Women could choose to wear or not to wear the veil, travel in public, get an education and work at a job. Women of all classes — not just the well-to-do — were trained as doctors, teachers and lawyers.Brigades of women and other young Afghans brought medical care to rural peasants.The revolution impacted the life of one-third of the rural population — landless peasants, sharecroppers and tenants held in virtual bondage to landlords and moneylenders.Before the revolution, 5 percent of the landlords claimed ownership of more than 45 percent of the country’s arable land. “When the PDPA took power,” the Pentagon report noted, “it quickly moved to remove both landownership inequalities and usury.” One of the revolutionary land reforms was the cancellation of mortgage debt for agricultural laborers, tenants and small landowners.On the eve of the revolution, 96.3 percent of the women of Afghanistan were illiterate; rural illiteracy for all the sexes was 90.5 percent. The progressive government created massive literacy programs and printed textbooks in Dari, Pashtu, Uzbek, Turkic and Baluchi.The 1986 Pentagon report stated, “The government trained many more teachers, built additional schools and kindergartens, and instituted nurseries for orphans.”The Washington Post admitted that Afghan women were the strongest supporters of the 1978 revolution.But this revolution was crushed by a well-funded, well-armed counterrevolution in which U.S. imperialism made common cause with feudal patriarchs. Women were then bought and sold as property once again.National Security Adviser Zbigniew Brzezinski and former CIA Director Robert M. Gates later publicly bragged that, beginning in early 1979, the CIA had funneled money and arms to counterrevolutionary groups, many of them members of militias loyal to local landowners.Democrats and Republicans had approved at least $8 billion for this counterrevolutionary effort that hired, armed and trained the Taliban, Osama bin Laden and other forces.CIA historian John Ranelagh recalls that then President Jimmy Carter OK’d “more secret operations than Reagan later did.” Carter later admitted in his memoirs that his administration actually considered the use of tactical nuclear weapons against the progressive developments in Afghanistan.U.S. set women’s rights back centuriesBy 1992 the Soviet Union was overturned and the progressive government in Afghanistan was defeated by imperialism. After four years of internecine struggle among different Afghan factions, the Taliban came to power.Michael Meacher, a senior Labor Party member of Parliament who had been a member of British Prime Minister Tony Blair’s cabinet, observed in a Sept. 6, 2003, article in the Guardian of London: “Until July 2001 the U.S. government saw the Taliban regime as a source of stability in Central Asia that would enable the construction of hydrocarbon pipelines from the oil and gas fields in Turkmenistan, Uzbekistan, Kazakhstan, through Afghanistan and Pakistan, to the Indian Ocean.“But confronted with the Taliban’s refusal to accept U.S. conditions, the U.S. representatives told them ‘either you accept our offer of a carpet of gold, or we bury you under a carpet of bombs.’”Washington took advantage of the attacks on Sept. 11, 2001, to launch an invasion of Afghanistan.U.S. occupiers appointed former Unocal advisors to be both the titular president of Afghanistan and the U.S. ambassador to the country.The continuing imperialist blitzkrieg has destroyed the infrastructure — including potable water, sewage and electricity — worsening hunger and disease. Soviet-built public urban housing complexes and schools lie in ruins.These conditions create suffering for all sexes, genders and sexualities in Afghanistan, particularly for women. In 2004, some provinces reported 593 maternal deaths for every 100,000 live births.Pentagon Special Forces commandos can kick in the door of a home at any hour of the day or night, body search Afghan women and their loved ones, and drag them all off in hoods to torture chambers.That’s imperialist-style “liberation.”Research by Minnie Bruce Pratt contributed to the original article. The late Leslie Feinberg was a managing editor of Workers World newspaper and the first theorist to advance a Marxist concept of “trans liberation” in the groundbreaking “Transgender Warriors: Making History” (Beacon Press, 1996). Feinberg also authored the now-classic novel, “Stone Butch Blues” (1993), available as free digital download at www.lesliefeinberg.netFacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Reporters Without Borders becomes partner in Deutsche Welle blogs contest

first_img Organisation RSF_en Help by sharing this information September 1, 2005 – Updated on January 25, 2016 Reporters Without Borders becomes partner in Deutsche Welle blogs contest Deutsche Welle launched its second Best Of The Blogs – or BOBS – competition on 1 September. Reporters Without Borders is sponsoring a special category for blogs that defend freedom of expression. Internet users are invited to use an online form to propose their favourite blog (in any of nine languages) News Deutsche Welle* launched its second Best Of The Blogs – or BOBS – competition on 1 September. Reporters Without Borders is sponsoring a special category for blogs that defend freedom of expression. Internet users are invited to use an online form to propose their favourite blog (in any of nine languages)What are BOBS?Best Of The Blogs – or BOBS – is an international weblog competition with a special focus on journalistic weblogs. It is held in nine languages: German, English, Arabic, Chinese, Spanish, Portuguese, Russian, French and Farsi. It includes a “best podcast” category in recognition of the increasing importance of Web radio. As well as the special “freedom of expression” category, the other categories are Best Weblog, Best Multimedia Blog and Best Journalistic Blog (in which honours are awarded in each of the nine languages).The various stages of the competition are as follows: after an initial screening, an international jury of independent journalists, media specialists, well-known bloggers and a Reporters Without Borders representative will choose a shortlist of nominees. They will be submitted to a vote by the Internet public from 24 October to 20 November, as well as to the jury’s evaluation. The winners will be announced on 21 November.The Reporters Without Borders special prizeThis prize is for weblogs that actively defend freedom of expression. It is an extension of the concept behind the Freedom Blogs Awards which Reporters Without Borders held last May (http://www.globenet.org/rsf/voteblog.php).- The BOBS site- Propose a blogAttention: To propose a blog that defends freedom of expression, click on Special Reporters Without Borders Award in the Nomination Category menu.* Deutsche Welle is a German radio station that targets an international audience last_img read more

Court closes libel case against website reporter

first_img News RSF joins other NGOs in amicus brief in WhatsApp suit against NSO Group April 28, 2021 Find out more RSF_en News to go further News United Arab EmiratesMiddle East – North Africa NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say United Arab EmiratesMiddle East – North Africa Follow the news on United Arab Emiratescenter_img Receive email alerts December 23, 2020 Find out more June 8, 2021 Find out more Reporters Without Borders hails a Ras Al Khaimah court’s decision on 28 November to completely dismiss a libel case against Khaled Alasley, a reporter with the Majan.net (http://majan.net/) website, after the plaintiff, Dr. Yasser Al Nuaimi, withdrew the lawsuit he brought against him in August. The previous day, Alasley has been given a suspended sentenced of five months in prison for “insulting” and “libelling” Nuaimi, a physician. “This is the second piece of good news in the Majan.net case,” Reporters Without Borders. “The first was the withdrawal of the libel suit against the site’s editor, Muhammad Rashed Shehhi. Now the case is closed. However, the existing press law is incompatible with free speech and we again call on the authorities to decriminalise press offences and to allow Majan.net to reopen. The law must not be used as a way of settling scores.” Majan.net has been closed under article 16 of the press law ever since Nuaimi brought his libel suit against Shehhi and Alasley in August.————————–27.11 – Online journalist’s five-month prison sentence confirmedReporters Without Borders today condemned a suspended five-month jail sentence for libel imposed on journalist Khaled Alasley, of the website Majan.net (http://majan.net/), that was upheld yesterday by the Ras al-Khaimah appeals court and called for the decision to be reversed. The website has been shut down since August.The worldwide press freedom organisation said the prosecution of Alasley was unjustified and that the sentence clashed with the decision of the United Arab Emirates prime minister not to imprison journalists because of their work. It said the the decision “hampers the UAE government’s promised move towards decriminalising offences concerning opinion. Alasley has always denied being the author of the libel and we call for the reopening of Majan.net,” it added. Alasley was sentenced to five months in prison on 12 September, suspended for three years. The website’s owner, Mohammed Rashed Shehhi, was also tried but acquitted on 20 November. The site had reported corruption in the health ministry, with medical equipment not maintained properly and a preserved foetus found in a dump in Ras al-Khaimah, which caused an outcry online. More information about press law in United Arab Emirates———————————27.11 – Owner of Website Majan.net escapes prison on appealReporters Without Borders today welcomed an appeal court decision overturning a total 17-month jail sentences imposed since November 2006 on Muhammad Rashed Shehhi, owner of the website Majan.net over allegedly defamatory comments.The Ras Al Khaimah appeal court yesterday ruled in favour of Rashed Shehhi, who had been sentenced in a suit brought by health ministry official Dr Yasser Al Nuaimi for comments on the website about a corruption case within the ministry relating to abandoned medical equipment and a conserved foetus found in a store, which provoked strong online reactions.“The proceedings against Muhammad Rashed Shehhi were unfounded. Mr. al Nuaimi had anyway dropped them on 30 October 2007,” the worldwide press freedom organisation said.“We call for the reopening of Majan.net, which has been closed since August 2007, and for the case to be dropped against journalist Khaled Alasley, who is accused of being the author of the defamatory comments at the origin of Dr al Nuaimi’s suit”.Alasley’s appeal is to be held on 26 November. He was sentenced to five months in prison on 12 September 2007 and denies that he was the author of the offending comments. Muhammad Rashed Shehhi was sentenced on 8 August 2007 to one year in prison and 15,000 euros fine for publishing the comments. He has had three other defamation suits taken out against him and has already been given a one-year suspended prison sentence. His lawyer, Abdullah Omran, said he plans to appeal.More information about press law in United Arab Emirates Organisation December 3, 2007 – Updated on January 20, 2016 Court closes libel case against website reporter News Help by sharing this information RSF joins Middle East and North Africa coalition to combat digital surveillance last_img read more

Animal Cruelty reported at Limerick coursing meeting

first_imgEmail Woman taped dogs mouth shut as she didn’t have a muzzle by Alan [email protected] up for the weekly Limerick Post newsletter Sign Up A NEW Coursing Cruelty Catalogue report by the Irish Council Against Blood Sports (ICABS) reveals the suffering of hares used in the bloodsport in County Limerick.According to ICABS, the report, which analyses documents relating to the 2014-15 coursing season, confirms the continued cruelty of hare coursing for animals used as live bait.Information obtained under Freedom of Information (FOI) from the National Parks and Wildlife Service (NPWS), exposes evidence of hare coursing cruelty at the Doon and District meeting in County Limerick on November 29 and 30, 2014.The FOI data indicates that during the coursing meet in Doon, two hares required assistance “meaning dogs hit or mauled the hare”.ICABS claims that two animals were examined by a vet, who noted that he treated 12 hares with antibiotics, but offered no explanation as to why the hares needed this treatment.It was also noted that two hares escaped during the Doon and District meet. One during coursing and another after being boxed. Meanwhile, NPWS data showed that Doon coursing club appeared to be in breach of Section 34 of the netting licence as they could not produce details on their members who were certified to catch hares on their behalf.In addition, according to the NPWS official in attendance, three hares were released at Doon without consulting the ranger, another breach of Section 34.An NPWS official also commented: “Some of the hares were not in good condition or fit to course, according to vet. Many had sores on their feet.”Aideen Yourell of ICABS insists that if coursers are prepared to under-report hare injuries and kills and to breach licence conditions under the noses of monitoring NPWS officials, it is “more than likely that this is also occurring at meetings which are not being monitored”.“The coursers know this. Every year, a sham exercise is played out by the National Parks HQ, who write to the Irish Coursing Club, raising licence breaches by their affiliated clubs. We suspect the coursers are thumbing their noses and literally laughing at the National Parks and Wildlife Service, because they know that no action will be taken, leaving them free to do as they please,” Ms Yourell claimed.Limerick founder of ARAN, John Carmody at a hare coursing protestLimerick founder of the Animal Rights Action Network (ARAN), John Carmody believes a time will come when society will look back in horror that such a cruel pastime was allowed to continue on “well beyond its sell by date”.“Time and time again we’ve documented, and proven, that hares are dying and suffering before, during and after the coursing meets which take place in Limerick and beyond,” he said. RELATED ARTICLESMORE FROM AUTHOR Linkedin Facebook County Limerick takes a stroll Irish Air Corp to make its Foynes Air Show Debut during one of the most Historic Years in Irish Defence Force History Dreams Festival to celebrate Dolores O’Riordan this September Printcenter_img TAGSAnimal CrueltyAnimal Rights Action Network (ARAN)bloodsportcounty LimerickDoon and Districthare coursingIrish Council Against Blood Sports (ICABS)limerickNational Parks and Wildlife Service (NPWS) Previous articleGolf – 19th Hole Golf Notes – 13/6/15Next articleMary I graduate to research deaf education Alan Jacqueshttp://www.limerickpost.ie NewsLocal NewsAnimal Cruelty reported at Limerick coursing meetingBy Alan Jacques – June 12, 2015 1216 Twitter Excessive levels of pesticides detected in Limerick water schemes Limerick regulations to ban sulky racing on roads Advertisement WhatsApplast_img read more

Three new Gardai appointed to Donegal Roads Policing Unit

first_img Pinterest Three new Gardai appointed to Donegal Roads Policing Unit By News Highland – May 1, 2018 Arranmore progress and potential flagged as population grows Twitter Google+ DL Debate – 24/05/21 Facebook Twitter Important message for people attending LUH’s INR clinic Harps come back to win in Waterford Google+center_img RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews Previous articleMan arrested over disappearance of woman in Sligo releasedNext articleQuestions asked over lack of progress on Carndonagh business watch group News Highland WhatsApp News, Sport and Obituaries on Monday May 24th Pinterest Out of 87 new Garda Members appointed to Roads Policing Units throughout the country, three have been appointed to Donegal.The Garda Traffic Corps has undergone an internal examination and evaluation of their roles and functions with a view to improving their service to the community and their contribution to Road Safety.As part of this work the Traffic Corps will in future be known as Roads Policing.The newly selected members will be deployed throughout Dublin and the rest of the country with a view of strengthening existing Roads Policing Units and in certain instances creating new units within Divisions.Swinford in Mayo sees a new unit established with a Sergeant and 5 Gardaí appointed and Tipperary see’s their units also increase by 6 Gardaí while Clare will get an additional 1 Sergeant and 4 Gardaí. WhatsApp Loganair’s new Derry – Liverpool air service takes off from CODA Facebooklast_img read more

OTM issues latest tranche of shares to sweeten long-term listing deals

first_imgProperty portal OnTheMarket (OTM) has issued a further 220,319 ordinary shares to distribute to several estate agents in return for signing long-term deals.Based on the current share price, the stock is worth £209,300 and will go live on the London AIM stock exchange on Thursday.The new listing will value the company at £61 million. OTM’s share price has been sliding dramatically over the past either weeks after hitting a high of £1.40p a share in late February and sinking to a current price of 95p, a drop of a third.The issue of the shares is part of a concerted campaign this year by OTM to sign agents up to long-term deals and is part of a range of offers available to sweeten ‘paid-for’ listing agreements.War chestOTM has plenty of shares to give away – this latest tranche is part of a war chest of over 36.4 million ‘recruitment shares’ at its disposal.“Such equity issuance alongside long-term listing agreements enables agents to support the only major agent-backed portal with a view to creating a fairly-priced alternative to Rightmove and Zoopla and to share in any increase in the value of the company,” says OTM.Since it listed on AIM in January 2018 OTM’s agency branch base consisted almost entirely of paying contracts but since then its growth strategy has been predominantly to offer free listings under short-term introductory trial offers, with a view to conversion to full-price contracts “when the value of the portal has been demonstrated”.OnTheMarket OTM April 1, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » OTM issues latest tranche of shares to sweeten long-term listing deals previous nextMarketingOTM issues latest tranche of shares to sweeten long-term listing dealsSeveral hundred thousand new shares have been issued this morning by the portal to be distributed to agents.Nigel Lewis1st April 20190751 Viewslast_img read more