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Appointment of Director and Company Secretary Following the Company s announcement on 15 March 2021 of Paul Stevenson s intention to step down from the Board, the Company is pleased to announce the appointment of Ryan Thomas as Group Finance Director and Company Secretary. Ryan has previously worked at Eco-Bat Technologies as Finance Director of the European Division. Eco-Bat is one of the world s largest producers and recyclers of lead with operations in Europe, Africa & North America. Ryan will join the Group on 24 May 2021 ahead of a short handover period with Paul who leaves the Group on 11 June 2021. Ryan will join the Board on 11 June 2021. ....
In this Issue: United States 1. FTC abandons challenge to Philadelphia hospital merger. On March 1, 2021, the FTC, suffering its first loss in a hospital merger challenge since 2016, voted 4-0 to end its effort to stop the proposed $599 million merger of Philadelphia-area health care systems Jefferson Health and Albert Einstein Healthcare Network. The FTC’s decision comes about a month and a half after the Pennsylvania Attorney General’s office dropped out of the joint challenge. The FTC challenged the merger on the basis that it would hurt competition in the Philadelphia-area health care market, and after a defeat at the district court, told the appellate court that the judge had applied “faulty economic reasoning.” The FTC alleged that a combined network would control over 60% of the market for inpatient general acute care services in and around North Philadelphia and at least 45% of the market for those services in and around Montgomery County. The ....
Cartel investigation and director disqualifications. In March 2021, three additional company directors were disqualified for several years, following a cartel investigation of their companies by the UK Competition and Market Authority (CMA). The CMA’s investigation of leading rolled-lead manufacturers Associated Lead Mills and Royston Sheet Metal (both owned by International Industrial Metals) and H.J. Enthoven (owned by Eco-Bat Technologies and trading as BLM British Lead) (BLM) culminated in an infringement decision and penalties totaling £9 million (approx. EUR 10.5 million, USD 12.5 million). A key finding was that the infringements had taken place at a very senior level, involving directors who concealed actions that they knew, from having undergone competition compliance training, were in breach of competition law. ....
3 company directors to be disqualified over construction cartel The CMA has secured the disqualification of 3 company directors, after finding they broke competition law by forming a cartel in the construction industry. From: Image credit: Tom Reville This move follows an investigation by the Competition and Markets Authority (CMA) into 2 of the UK’s largest suppliers of rolled lead, Associated Lead Mills Ltd (ALM) and H.J. Enthoven Ltd (trading as BLM British Lead), which are based in Hertfordshire. Rolled lead is used mainly for roofing and is an important product for the construction sector. The companies, which together account for a sizeable proportion of UK rolled lead supplies, admitted last year to forming an illegal cartel. This included breaking the law 4 times by colluding on prices, sharing the rolled lead market by arranging not to target certain customers, and arranging not to supply a new business because it risked disrupting the ....