Examples of UK Holdco 1 in a sentence
The Group (via Truworths UK Holdco 1 Ltd) has granted put options to management in respect of their non-controlling interest in Office.
The remaining 11.1% non- controlling interest is owned by management of Office.The Group (via Truworths UK Holdco 1 Ltd) has granted put options to Office management, which holds this non-controlling interest.
With effect from 4 December 2015 the company acquired an effective 88.9% of the share capital of Office via its UK resident, managed and wholly-owned subsidiary, Truworths UK Holdco 1 Ltd, thereby gaining control over Office and its subsidiaries.
The fair value of the investment in subsidiaries is determined by allocating the market capitalisation of the group of companies at 28 June 2020, excluding the valuation of Truworths UK Holdco 1 Ltd, to the relevant subsidiary of Truworths International Ltd on the basis of the relevant subsidiary’s contribution to the Group earnings per share at 28 June 2020.
A 1% change in the listed share price of Truworths International Ltd at 28 June 2020 will lead to a 1% movement in the fair value of the subsidiaries of Truworths International Ltd at 28 June 2020, except Truworths UK Holdco 1 Ltd.
The fair value of the investment in subsidiaries (except Truworths UK Holdco 1 Ltd) is sensitive to changes in the market capitalisation of the Group and changes in the relative contribution of a subsidiary to the earnings per share of the group of companies.
With effect from 4 December 2015 the company acquired an effective 88.9% of the share capital of Office via its UK resident and managed subsidiary, Truworths UK Holdco 1 Ltd, thereby gaining control over Office and its subsidiaries.
With effect from 4 December 2015 the company acquired an effective 88.9% of the share capital of Office via its UK resident and managed, wholly-owned subsidiary, Truworths UK Holdco 1 Ltd, thereby gaining control over Office and its subsidiaries.
Reconciliation of revaluation reserve Balance at the beginning of the period22 606 07025 793 496Fair value adjustment**(15 816 547)(3 187 426)Balance at the reporting date6 789 52322 606 070**Fair value adjustments consist of the revaluation loss for Truworths Ltd of R13 809 990 000 (2019: loss of R44 633 000), loss for Young Designers Emporium (Pty) Ltd of R203 805 000 (2019: R41 678 000) and loss for Truworths UK Holdco 1 Ltd of R1 802 752 000 (2019: loss of R3 067 836 000).
The Group (via Truworths UK Holdco 1 Ltd) has granted put options to Office management in respect of their non-controlling interest in Office.