Bralirwa Limited (BLR.rw) listed on the Rwanda Stock Exchange under the Beverages sector has released it’s 2018 presentation results for the half year.For more information about Bralirwa Limited (BLR.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the Bralirwa Limited (BLR.rw) company page on AfricanFinancials.Document: Bralirwa Limited (BLR.rw) 2018 presentation results for the half year.Company ProfileBrasseries et Limonaderies du Rwanda (Bralirwa) produces and distributes beer products and other alcoholic and non-alcoholic beverages for Rwanda and international export. The company operates in two segments: beer and soft drinks. Beer brands include Primus, Mutzig, Turbo King, Amstel, Legend Extra Stout and Heineken brands. Soft drinks include a selection of popular Coca-Cola brands. Bralirwa was established in 1957 and is a subsidiary of Heineken NV. Its head office is in Kigali, Rwanda. Bralirwa Limited is listed on the Rwanda Stock Exchange
The FTSE 100 has experienced a market crash over recent weeks that has included some of its largest daily falls since 1987. Although its price level has shown signs of a rebound in recent trading sessions, it continues to trade significantly below its record high.Of course, it may take some time for the index to fully recover. But it has a strong track record of producing new record highs following its downturns. As such, now could be the right time to by a diverse range of FTSE 100 shares for the long run ahead of a likely recovery for the index.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…FTSE 100 recovery prospectsDuring previous downturns and bear markets, the short-term prospects for the FTSE 100 have been exceptionally difficult to judge. For example, very few investors believed that the index was trading at its lowest point in March 2009. The economic outlook was dire, yet the FTSE 100 produced a stunning recovery. This even saw it more than double in the following years.At the present time, it is impossible to know when the economy will return to its pre-coronavirus performance. The length of the current lockdown is a known unknown. And meanwhile, the prospect of a second wave of coronavirus later in the year may mean that investor sentiment is held back to some degree. That said, should that second wave not happen, the economy and stock market could deliver stronger performances than currently expected by many investors.Buying opportunitiesThe timing of a FTSE 100 recovery is unclear due to the unpredictability of the news. But in the long run, the index is likely to revisit its all-time high of around 7,780 points. It has always recovered from its previous lows, and investors who have purchased shares during times of great uncertainty have often benefited from the index’s subsequent recovery.As such, adopting a similar approach today could be a sound move. Certainly, there are significant risks facing investors over the coming months. But in many cases the valuations on offer across the FTSE 100 suggest that these uncertainties have been priced in by investors. Many stocks are trading at levels not seen since the last financial crisis. They could provide investors with scope to generate significant capital growth over the long run.Building a FTSE 100 portfolioPrevious stock market recoveries have, of course, been uneven. Some sectors have surged higher following past bear markets, while others have experienced challenging operating conditions for many years. For example, the banking sector struggled to return to previous highs after the financial crisis.Therefore, building a portfolio of diverse businesses could be a sound move. It may limit your risks to specific sectors that may find trading difficult after coronavirus has passed. It may also boost your returns in the long run, and allow you to partake in the FTSE 100’s long-term recovery. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephens Our 6 ‘Best Buys Now’ Shares Peter Stephens | Saturday, 2nd May, 2020 | More on: ^FTSE I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 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Fixtures have been announced for the resumption of the English top flight, including midweek matches. Here’s the latest information on the Premiership’s imminent return Gallagher Premiership targets August returnThe Gallagher Premiership will restart with Harlequins hosting Sale Sharks at the Twickenham Stoop on Friday 14 August.The next day there will be four matches – Exeter v Leicester, Bath v London Irish, Worcester v Gloucester and Bristol v Saracens. And on Sunday 16 August Wasps will visit Northampton.The following six rounds of the tournament have also been confirmed. Precise details for the penultimate round, to be played on the weekend of 18-20 September, are to be clarified. Round 22 completes the regular programme on Sunday 4 October before the semi-finals the following weekend. The Premiership final takes place on Saturday 24 October.The English top flight was suspended in March with nine rounds still to play, as well as the semi-finals and final, due to the pandemic. League organisers have had to schedule midweek matches in order to complete the season in that time frame.BT Sport will show every game played behind close doors live on TV. Once fans are allowed to return to stadia, the broadcaster will revert to selecting matches for live transmission.If you don’t have a subscription to BT Sport but want to watch Gallagher Premiership matches, you can get a contract-free monthly pass here.Related: Gallagher Premiership fixturesRugby’s return: Harlequins v Sale will be the first match when the Premiership resumes (Getty Images)Sale director of rugby Steve Diamond said: “It’s fantastic that we have the opportunity to return to play after such a long lay-off. I think everyone across the league is chomping at the bit to get going again. It’s been a turbulent period for everyone, but as a club we feel we have come out of the other end of this period stronger than ever.“We have a top bunch of players here and all the lads have put their hands up and worked hard for the club during our return-to-play preparations. We are ready and raring to go so it will be a great occasion at the Stoop on Friday 14 August.”Players will have had around eight weeks to prepare for the restart of the season, having begun Stage One of training in June and Stage Two last month. There has been some disruption due to Covid, with players testing positive for the virus having to self-isolate.However, the latest round of testing produced only two positive tests – one player and one staff member – out of 917 tests conducted.Contact work: Exeter do some scrum training ahead of the resumption of Premiership fixtures (Getty)The results of Premiership Rugby’s coronavirus testing so far are:Week One (6 July) – 804 players and club staff tested. Ten positive tests – six players and four non-playing staff. Summer rugby: The Gallagher Premiership is hoping to restart in mid-August (Getty Images) LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Can’t get to the shops? Download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter. Week Two (13 July) – 856 players and club staff tested. Nine positive tests – seven players and two non-playing staff.Week Three (20 July) – 896 players and club staff tested. Two positive tests – both players.Week Four (27 July) – 846 players and club staff tested. Five positive tests – four players and one non-playing staff member.Week Five (3 August) – 917 players and club staff tested. Two positive tests – one player and one non-playing staff member.Stage One allowed for individual conditioning (or groups of individuals conditioning) in a performance environment with strict social distancing. Stages Two and Three mean players can train in closer proximity and contact training can be introduced.Related: The challenges of rugby’s return to training explained Premiership Rugby chief executive Darren Childs said: “We are delighted to be on track to bring rugby back to fans and see our players out in competition. We are now cautiously optimistic for a safe return to the season.”Exeter Chiefs are top of the Premiership table with nine wins after 13 rounds. Sale, Bristol and Northampton are the other teams currently in the play-off spots.The Guinness Pro14 is also aiming to return in August but is focusing on local derbies before the semi-finals and final in a truncated season. Meanwhile, EPCR has scheduled the knockout stages of the European Champions and Challenge Cups for September and October.
The situation in the Middle East has been a hotbed of chaos for some time now. From the unjust wars in Iraq and Afghanistan to the quagmire you have now in Syria regarding the Islamic State group. Not even Yemen has been spared from the imperialist forces interfering in the self-determination of its peoples. There is one struggle, however, that has remained since 1948, and that is the struggle for the liberation of Palestine from the grip of the cruel Zionist police state.Less than a year after the conflict in Gaza during the summer of 2014, we see another conflict arise from Palestinian lands, this time including not only Gaza but the West Bank and Jerusalem as well.Chicago demonstration supports Palestinian resistance.WW photo: Jill WhiteThis chapter in this long struggle to freedom started a month ago, when in mid-September the Israeli military decided to go into the Al-Aqsa mosque, the second holiest site in Islam, and allow Zionist extremists to wreak havoc among the Muslim/Palestinian worshippers. Even though the Palestinians and Muslims were defending their right to be at the mosque against these religious extremists, they were treated like the aggressors. Their rights were squashed, and the Zionist radicals were allowed to continue.This led to a wave of instability across occupied East Jerusalem, which poured into the West Bank and Gaza and started confrontations between Palestinians and the Israeli settlers and military. This all occurred as the flag of free Palestine was finally allowed to wave at the United Nations, and exactly at the same time that Palestinian Authority leader Mahmoud Abbas declared that the 1993 Oslo Accords with Israel, which are not being upheld by Israel, are no longer valid and that Palestine no longer has to adhere to them.This is obviously retaliation on behalf of the Israeli government led by Benjamin Netanyahu, who already has the blood of several thousand Palestinians on his hands. A third Intifada is in the works, and we must support Palestine in its right to freedom and equality.The hard-handed tactics being used at this moment by the Israeli military are just more violations of human rights on top of an already exhausting list of atrocities. These include the diversion of agricultural water supply to prevent crops from growing in Gaza, not allowing food and supplies into the Palestinian territories, and bulldozing the houses of hundreds of Palestinian families to establish illegal settlements.The violence that is being seen now in the West Bank, Jerusalem and Gaza is provoked and caused by the Zionist government. What we see from the Palestinian side is the reaction to Israeli tactics. We are also watching the Intifada take form again and resistance begin to solidify across the Palestinian territories. We must stand in solidarity with Palestine and all oppressed people across the world. Long live a free Palestine!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Story by Alan JacquesSign up for the weekly Limerick Post newsletter Sign Up A VOLUNTEER group that patrols the Shannon to prevent suicides says there is a real need for non-nationals to act as interpreters’ over the Christmas season.The Corbett Suicide Prevention Patrol (CSPP) will be patrolling the riverbank this Christmas every night from December 24 through to January 2 in addition to their routine patrols. The volunteer unit has made over 60 interventions along the riverbank since being set up just over a year ago.“Last Christmas, 50 per cent of the people we met down at the river were foreign nationals. It is a time where people can feel desperately lonely and depressed. It can be an especially difficult time for those away from their families and without the means to get home for Christmas,” said CSPP’s Paul Hogan.“Last weekend, we met a young Polish man by the river with very poor English so communication was a real barrier. We were able to advise him to move away but it was one of those situations where it would have been useful to have someone on standby who could have spoken to him.“It would be great to have a few foreign nationals among or team, even if we only had their telephone numbers so they could speak to those from other countries in distress when language gets in the way,” he explained.“Christmas is a really high risk time of year anyway when people can get really down. It is also the season of goodwill, so we would ask people to make the festive period easier for those away from home by inviting them to be a part of their own celebrations,” said Mr Hogan.Anyone interested in the work of the volunteers can follow them on the CSPP facebook site. Advertisement WhatsApp Print NewsBreaking newsLanguage barrier an issue for suicide patrolBy Rose Rushe – November 15, 2013 437 Twitter Linkedin Previous articleTime travel on the Southern Ring RoadNext articleWelsh racecourse raises six figure sum for JT Rose Rushehttp://www.limerickpost.ieCommercial Features and Arts Editor at Limerick Post Facebook Email
Nonprofits helping fight the heat Previous articleOUR VIEW: Odessa’s Teen Court about successes, not punishmentNext articleWhat’s happening at the old Harrigan’s? admin Local News WhatsApp Twitter WhatsApp Pinterest Twitter Meals on Wheels of Odessa.Catholic Charities of Odessa. Facebook Facebook Pinterest By admin – June 7, 2018 Summer hasn’t officially started, but Odessans are already dealing with three-digit temperatures on a weekly basis.The season has been intensely hot and dry, so much so that county commissioners had to pass and extend a burn ban in Ector County, and the heat is especially harsh on those who may be without proper air conditioning.As hot as it is, Meals on Wheels in Odessa is hosting a drive for box fans to be sent out to their clients in need of cool air during this time of year.“A lot of the older homes of course don’t have refrigerated air,” Meals on Wheels of Odessa Director Margaret Burton said. “The fans will help circulate air, and that’s the main thing.”Burton said many of the organization’s older clients live in older homes without air conditioning, often relying on evaporation coolers, or swamp coolers, for air conditioning. But Burton said those often have to be given new filters every year and only last a few years. One of the other benefits of the box fans is they can be moved from room to room as the client needs them.The box fans are being donated from several organizations and local people, Burton said. Many of those who are donating the fans are older individuals, she said, one woman even donated 20 fans herself to the organization Tuesday.“They really don’t want the recognition, they’re just real nice wanting to help their neighbors,” Burton said. “That’s what Odessa people are kind of about, they help each other.”One of the largest donations came from the Permian basin Corvette Club, which donated 25 box fans each to the Midland and Odessa Meals on Wheels.“For those on a fixed income, such as the elderly, the cost of keeping cool in our oppressive summer heat can be a real struggle,” Permian Basin Corvette Club President Nita Evans said. “The ability to find a shady spot and create a breeze can make a huge difference in their well-being.”One of the struggles of fighting the heat in the summer can be a high utility bill. For those who are struggling to pay the bills every month, Catholic Charities of Odessa are helping to pay those who struggle acquiring basic necessities.“Many of our clients are on fixed incomes or limited income and, especially as hot as it has been, we’re gonna see an increase in the utility bills, and we’re seeing an increase in rent” Faye Rodriguez, Interim Director of Catholic Charities of Odessa said. “So we’re trying to help with what we can to help people to be able to get to stay in their homes for one, and to have the utilities, especially the electricity, so they can run their ACs.”Catholic Charities helps to pay the bills through donations from various people and organizations. Anyone who needs help from their services can call them at 432-332-1387 or visit their office at 2500 Andrews Highway, open from 9 a.m. to 2 p.m. Monday through Thursday.Those wishing to donate box fans to Meals on Wheels can bring them to their office at 1314 E. Fifth St., open from 7 a.m. to 2 p.m. Monday through Friday.Boxed fans wait to be delivered to clients that have been donated to Meals on Wheels of Odessa on Wednesday.Mark Rogers|Odessa AmericanMore Information
ORLANDO, Fla.–(BUSINESS WIRE)–Feb 3, 2021– Luminar Technologies, Inc. (Nasdaq: LAZR; LAZRW) (“Luminar” or the “Company”), the global leader in automotive lidar hardware and software technology, today announced that holders of its 13,333,309 outstanding public warrants (the “Public Warrants”) to purchase shares of its Class A common stock, $0.0001 par value per share (the “Class A Common Stock”) will have until 5:00 p.m., New York City time, on March 5, 2021 to exercise their Public Warrants. The Public Warrants are exercisable for an aggregate of 13,333,309 shares of Class A Common Stock at a price of $11.50 per share, representing a total of approximately $153.3 million in potential proceeds to Luminar. Pursuant to the terms of the agreements governing the rights of the holders of the Public Warrants, Luminar is entitled to redeem all of the outstanding Public Warrants for a redemption price of $0.01 per Public Warrant (the “Redemption Price”) if the last sales price of the Class A Common Stock is at least $18.00 per share on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. Any Public Warrants that remain unexercised immediately after 5:00 p.m., New York City time, on March 5, 2021 will be void and no longer exercisable, and the holders of those Public Warrants will be entitled to receive $0.01 per Public Warrant. Holders of Public Warrants in “street name” should immediately contact their broker to determine their broker’s procedure for exercising their Public Warrants since the process to exercise is voluntary. The Public Warrants were issued under the Warrant Agreement, dated as of January 31, 2019 (the “Warrant Agreement”), by and between the Company (f/k/a Gores Metropoulos, Inc.) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”). Warrants to purchase Class A Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption. None of Luminar, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. The shares of Class A Common Stock underlying the Public Warrants have been registered by Luminar under the Securities Act of 1933, as amended, and are covered by a registration statement filed on Form S‑1 with, and declared effective by, the Securities and Exchange Commission (Registration No. 333‑251657). Questions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company, 1 State Street, 30th Floor, New York, New York 10004, Attention: Compliance Department, telephone number (212) 509-4000. No Offer or Solicitation This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Luminar’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. About Luminar Technologies, Inc. Luminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 7 of the top 10 global automotive OEMs. Earlier this year, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, while also recently striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in automotive safety, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012, Luminar is a 350-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. For more information please visit www.luminartech.com. Forward Looking Statements Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs on which Luminar relies; Luminar’s ability to transition to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automotive OEMs or their suppliers; changes in personnel and availability of qualified personnel; the amount and timing of future sales; whether the complexity of Luminar’s products results in undetected defects and reliability issues which could reduce market adoption of its new products, damage its reputation and expose Luminar to product liability and other claims; strict government regulation that is subject to amendment, repeal or new interpretation and Luminar’s ability to comply with modified or new laws and regulations applying to its business; general economic uncertainty and the effect of general economic conditions on Luminar’s industry in particular, including the level of demand and financial performance of the autonomous vehicle industry and market adoption of lidar; the effects of the ongoing coronavirus (COVID-19) pandemic or other infectious diseases, health epidemics, pandemics and natural disasters on Luminar’s business; and the other risks discussed under the heading “Risk Factors” in the registration statement on Form S-1 filed by Luminar on December 23, 2020 and amendments thereto and other documents Luminar files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and Luminar undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005552/en/ CONTACT: Media Nicole Phelan [email protected] Investors Michael Beer [email protected] KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY HARDWARE SOURCE: Luminar Technologies, Inc. Copyright Business Wire 2021. PUB: 02/03/2021 09:00 AM/DISC: 02/03/2021 09:01 AM http://www.businesswire.com/news/home/20210203005552/en WhatsApp Pinterest Facebook Twitter Pinterest Facebook By Digital AIM Web Support – February 3, 2021 Local NewsBusiness WhatsApp Twitter Luminar to Redeem Public Warrants; Expects to Receive Up to $153 Million TAGS Previous articleFootprint Announces Its Ocean Hero Award WinnersNext articleU.S. Air Force Provides Ramsey Solutions’ Personal Finance Curriculum to 150 United States Schools Digital AIM Web Support
Homepage BannerNews CPWP to protest at Mondays Donegal Co Council meeting Nine Til Noon Show – Listen back to Wednesday’s Programme NPHET ‘positive’ on easing restrictions – Donnelly Twitter Google+ Previous articleCockhill return to Dublin for St Mochta’s FAI Intermediate Cup tieNext articleDue Recognition for McLaughlin News Highland WhatsApp A protest is to be held outside Donegal County Council’s office in Lifford on Monday when councillors are to meet with representatives of Irish Water.The public are invited to join the protest picket outside the Council offices at 10am on Monday.Cant Pay Wont Pay are also inviting other councillors to join the protest instead of meeting with irish Water.Spokesperson Cllr Michael Cholm Mac Giolla Eaispaig:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/01/meehal.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. News, Sport and Obituaries on Wednesday May 26th WhatsApp Pinterest Three factors driving Donegal housing market – Robinson Twitter Help sought in search for missing 27 year old in Letterkenny Facebook 448 new cases of Covid 19 reported today Pinterest Google+ By News Highland – January 24, 2015 RELATED ARTICLESMORE FROM AUTHOR Facebook
Google+ Previous articleVolunteers begin fresh search for David ColhounNext articleDonegal petrol station found to have sold marked diesel News Highland News Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Twitter Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Facebook 75 positive cases of Covid confirmed in North Donegal looks set to feel the brunt of Hurricane Katia as it pushes across the Atlantic towards Ireland.Met Eireann has issued a severe weather warning for early next week with winds expected to reach up to 130 kilometres per hour by Monday – with the northwest likely to receive the worst of the storm.Forecaster with Met Eireann Harm Luijkx says these types of gale force winds are likely to cause some damage:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/09/10har.mp3[/podcast] Facebook Further drop in people receiving PUP in Donegal Met Eireann issues warning as Hurricane Katia pushes towards Ireland Pinterest 365 additional cases of Covid-19 in Republic By News Highland – September 10, 2011 Gardai continue to investigate Kilmacrennan fire
Common feature of PHI schemes that clash with annual leave provisions in theWorking Time Regulations may lead to unexpected costs for the employer. By Alex LockAll permanent health insurance (PHI) schemes pay the employee a fixedpercentage of their salary in the event of illness or injury. This figure isusually 60 per cent, and is calculated on the basis of gross earnings over theprevious 12 months, often including commission payments or other contractualbenefits. Another important common feature is that the employee must remain inemployment with the employer. If the contract of employment is terminated,eligibility for the scheme ends at the same time. In such instances, the courtshave held that there is an implied term in the employment contract that theemployer will only terminate employment for misconduct. It is these two aspects of PHI schemes that may lead to an unforeseen costto the employer by creating a conflict with the annual leave provisions of theWorking Time Regulations (WTR) 1998. Right to annual leave The WTR introduced a statutory right to at least four weeks’ paid annualleave. This right cannot be excluded, limited or modified by agreement. In the case of Kigass Aero Components v Brown, the Employment AppealTribunal considered whether staff on sick leave had a right to holiday. Itdecided the WTR entitled a worker to annual leave during the whole or part ofthe leave year, with nothing more required. There was no requirement for theworker to undertake any work, and no express provision in the regulations forannual leave to be taken from what would otherwise be ‘working time’. However, there are some important conditions: the employee must give theiremployer notice in good time before they wish to exercise their holidayentitlement, and must also specify the days they want to take off. Although theemployer can give counter-notice to postpone the leave, it is not possible todo so if that would curtail the employee’s leave entitlement during the holidayyear. Untaken leave cannot be carried over to the next holiday year, and theemployer cannot make a payment in lieu of holiday accrued but not taken – savefor where the employment ends. The WTR provides how pay is calculated for the purposes of annual holidaypay. If the employment contract provides for normal working hours that do notvary, then the amount is determined by the contract. If the hours orremuneration are variable, an average of the previous 12 weeks is taken.However, where an employee is absent on medical grounds, the employer must takethe 12 weeks up to when the absence began. This may have implications foremployers where bonuses or commission make up a large part of a worker’ssalary. Ongoing financial liability The employer may be surprised to receive a holiday request from an ill orinjured employee who is unable to work. They may also be surprised to learnthat despite having funded the PHI policy premiums, the employer does have anongoing financial liability to the worker. But this could well be the case, following the EAT’s decision in Kigass. Theworker is still employed by the employer, a condition of the PHI scheme. Thescheme will meet the employer’s obligations in respect of pensioncontributions, but the worker still has the right, year-on-year, to annualleave of 20 days. So what happens to an employee with a holiday year running from 1 January to31 December, who is absent for the entire period under a PHI scheme? They willreceive 60 per cent of annual salary throughout this period. But in four ofthose 52 weeks, the employee is entitled to 100 per cent of their salary, atthe very least. The liability is the employer’s and not the insurer’s, as theemployee does not have an employment relationship with the insurer. Therefore,the employer will need to fund the 40 per cent difference from its own pocket. A further problem arises (depending on the exact terms of the scheme) as tohow the worker’s pay is calculated. Some schemes provide for 60 per cent of basicearnings, excluding bonuses and commissions, whereas “a week’s pay”under the WTR takes such items into account. Therefore, the differentialbetween a week’s pay under WTR and the 60 per cent provided by PHI, may begreater than 40 per cent. To qualify, however, the employee has to make a request for annual leave,and the entitlement can only be exercised within the leave year. Employersneedn’t worry about receiving a late request for the previous two or threeyears’ entitlement. Practical advice – Check the terms of your PHI insurance policy – specifically whether it isa condition of cover that the contract of employment continues – Check the terms in relation to what percentage of earnings is offered, andhow ‘earnings’ are calculated – Seek advice from your broker and/or insurer as to how they will treat anyrequest from an incapacitated employee for annual leave payments – Keep records of all holiday requests made and granted within leave years. Alex Lock is a solicitor at Beachcroft Wansbroughs Absent with leaveOn 1 May 2003 in Personnel Today Previous Article Next Article Comments are closed. Related posts:No related photos.