newsnight Posted May 5, 2015 Share Posted May 5, 2015 http://www.pinewoodgroup.com/sites/default/files/ps-pdfs/ar14.pdf Steve Christian, ACA Steve Christian (50) is responsible for coordinating the investment advice to the Isle of Man Treasury, and Welsh Government Film and Television Funds. Prior to joining the Company he was responsible for overseeing the development of the Isle of Man’s film investment programme. He is currently a Non-Executive Director of the Isle of Man’s largest energy provider, The Manx Electricity Authority, and is also a Director of CinemaNX Limited, Fordex Limited, Agrimark Limited and Gasworks Media Limited. Page 24. Directors’ remuneration for the year ended 31 March 2014 (unaudited) Year ended 31 March 2014 Year ended 31 March 2013 Total remuneration £ Basic salary and fees £ Benefits in kind £ Annual bonus £ Pension contributions £ Total remuneration £ Chairman Lord Grade of Yarmouth 105,000 n/a n/a n/a 105,000 105,000 Executive Directors Ivan Dunleavy 408,615 10,260 187,411 49,380 655,666 408,773 Nicholas Smith 238,192 7,198 135,182 28,774 409,346 262,293 Andrew M. Smith 151,421 5,275 34,410 12,080 203,186 161,373 Steve Christian* 40,000 nil nil nil 40,000 16,667 Christopher Naisby** 120,192 4,194 35,579 9,615 169,580 nil Non-Executive Directors Steven Underwood nil nil nil nil nil nil Neil Lees nil nil nil nil nil nil Ruth Prior 42,000 1,015 nil nil 43,015 15,708 Thomas Allison nil nil nil nil nil nil * The Group has a consultancy agreement for services related to the Isle of Man Investment Advisory Agreement with Gasworks Media Limited, a company incorporated in the Isle of Man, whose sole shareholder, Steve Christian, is also an Executive Director of the Group. The total value of the transactions, including reimbursement of expenses, during the year was £336,000. See Note 27 for further details. ** The remuneration for Christopher Naisby shown above is total remuneration for the year ended 31 March 2014, including the period before his appointment to the Board on 30 September 2013. On behalf of the Board Steven Underwood Chairman of the Remuneration Committee 25 June 2014 Page 35. That appears to be a lot of 'co-ordination'? Quote Link to comment Share on other sites More sharing options...
newsnight Posted May 5, 2015 Share Posted May 5, 2015 http://www.manxradio.com/newsread.aspx?id=76479 “We currently still own I think it is 4.99% of the shares we will have a Director on Pinewood and Treasury will now have to consider a replacement for Steve, I don’t think they are in a position to make an announcement on that, but the relationship will continue with Pinewood for as long as we retain ownership of those shares, and of course Mr Whittaker who owns Pinewood is a resident on the Isle of Man and we have dealings with him in other areas too, so that relationship will continue it will grow it’s not the end of that road, but hopefully, some of the appalling behaviour which has taken place around this position will now start to fade away”. Given Allan Bell’s track record and that of Eddie Teare concerning hiding information, ignoring the rights of the Tynwald, treating opposition to them with utter contempt and arrogance and making it clear that the electorate are there to just fund any hare-brained scheme that is ether presented to them or they dream up, the chances of the appalling behaviour they have demonstrated over and over ending anytime soon is remote. Would Mr Bell care to expand on what other dealings with Mr Whittaker the IOM Government is currently engaged in? 5 Quote Link to comment Share on other sites More sharing options...
the stinking enigma Posted May 5, 2015 Share Posted May 5, 2015 I blame kate beecroft entirely ..i now feel suicidal Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted May 5, 2015 Share Posted May 5, 2015 Bell is duty-bound to defend all aspects of the IoM/Pinewood business. This will include attacking any criticism, however well based or intended. The resignation of Christian must be essentially an embarrassment given the subterfuge and misinformation that has been spouted over Pinewood which at the end of the day was either Bell's brainchild or certainly got his backing. Is this another pillar crumbling? Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted May 5, 2015 Share Posted May 5, 2015 Would Mr Bell care to expand on what other dealings with Mr Whittaker the IOM Government is currently engaged in? Sorry old chap, commercially sensitive don't you know. 1 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted May 5, 2015 Share Posted May 5, 2015 Bell is duty-bound to defend all aspects of the IoM/Pinewood business. This will include attacking any criticism, however well based or intended. The resignation of Christian must be essentially an embarrassment given the subterfuge and misinformation that has been spouted over Pinewood which at the end of the day was either Bell's brainchild or certainly got his backing. Is this another pillar crumbling? It certainly had his backing, he actively promoted it as minister for Trade & Industry 1991-1996, Treasury minister 2001-10, Economic Development Minister 2010-11. The film portfolio followed him wherever he moved to. That's not a coincidence. I would go as far as to say it was/is his baby. The taxpayer has sunk long millions into a bottomless pit for the last 20 years with no legacy whatsoever. And he wonders why folk are angry? He's lost the plot. 6 Quote Link to comment Share on other sites More sharing options...
Lisenchuk Posted May 5, 2015 Share Posted May 5, 2015 Bell and Teare appalling attitude and off hand manner are wholly to blame for the continuing questions and investigations into these convoluted financial arrangements. Nobody is more at fault than these two. 6 Quote Link to comment Share on other sites More sharing options...
oldmanxfella Posted May 5, 2015 Share Posted May 5, 2015 I blame kate beecroft entirely ..i now feel suicidal Best ring Amy before you decide to do anything nasty. She's been talking thousands out of Moonie style mass suicides in Pully for weeks now. Quote Link to comment Share on other sites More sharing options...
Donald Trumps Posted May 6, 2015 Share Posted May 6, 2015 Seems to me local folks with personal investment of any sort in PLCs are taking their money & running Is this a portent of the coming Bell CoMin financial cataclysm? Even the Emperor is distancing himself from the policies of his own fecking administration Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted May 6, 2015 Share Posted May 6, 2015 Time to re-read this and see if the promised benefits have materialised. http://www.tynwald.org.im/business/opqp/sittings/20112014/2012-NN-0100.pdf 1 Quote Link to comment Share on other sites More sharing options...
Overoptimistic Posted May 6, 2015 Share Posted May 6, 2015 Time to re-read this and see if the promised benefits have materialised. http://www.tynwald.org.im/business/opqp/sittings/20112014/2012-NN-0100.pdf Does anyone know if the 4 film crew members who were sleeping in the back of a van "to save their overnight expense money" would have counted as "Bednights" in justifying the contribution of the Film Industry to the local economy ?????? Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted May 23, 2015 Share Posted May 23, 2015 http://www.theguardian.com/film/2015/may/06/edinburgh-dundee-scotlands-first-major-studio-film-tv Scotland are getting their act together. Quote Link to comment Share on other sites More sharing options...
Tempus Fugit Posted February 10, 2016 Share Posted February 10, 2016 Pinewood up for sale ? Quote Link to comment Share on other sites More sharing options...
notwell Posted February 10, 2016 Share Posted February 10, 2016 £15m back for the government if it sells close to the £6 mark. Trading at 535p and a very decent set of results. Given the price IOMG bought at the divi is ok too. Quote Link to comment Share on other sites More sharing options...
Mac the Knife Posted April 11, 2016 Share Posted April 11, 2016 Well it looks as if we may have to eat our words on the Pinewood Investment and call Mr Teare an investment genius! Article in yesterday's Sunday Times, saying that a consortium bid is imminent. The shares are up to pounds 5.71 today. Perhaps we should have punted more (only joking), but it will help offset some of the public pension shortfall. I am sure we will get a laudatory press release if a bid is forthcoming and we bank the profit. Trebles all round! Quote Link to comment Share on other sites More sharing options...
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