stephen lansdown botswana

Subscribe to Luxury Safari Magazine to receive our regular newsletters and a front row seat to the African Safari and its associated Luxury Lifestyle industry. But change is on the horizon for this local landmark. The small venture now reportedly has around $70 billion asset under management. She is closely involved in the conservation work carried out on the family farm in the UK and has been fundraising for the NSPCC for 26 years as well as supporting the Game and Wildlife Conservation Trust. Our History. This site is protected by reCAPTCHA and the Google. The 49-year-old's shareholding is worth more than 32 million. Julia trained as an Occupational Therapist before becoming a wife and mother. By entering your details you're agreeing to receive occasional emails from us. Lansdown, a Bristol-born businessman who made his fortune in financial services, first became involved at Ashton Gate in 1996. His Excellency Seretse Khama Ian Khama played a visionary role in establishing Botswanas world-renowned conservation ethos and continues to provide strong leadership and commitment by working with regional and international conservation organisations. Bucking the trend of the bull market, which saw many financial services companies using cheap bank loans to conglomerate, the growth of Hargreaves Lansdown has been entirely organic. Look here too. Shares the Bristol-based firm plunged took a hit on the news. "Another thing we do is send out questionnaires on a regular basis and find out what you, as a client, actually want rather than sitting in our ivory tower deciding what you want, and when we find it out we look to provide it. He and fellow billionaire Peter Hargreaves started Hargreaves Lansdown in 1981 out of a house in Bristol. The Tuli region is close to my heart and so I am delighted to become founding patron of the Tuli Conservation Trust, said Ian Khama. An exclusive interview with Steve Lansdown as he visits the Robins High Performance Centre.Follow Bristol City on Social Media!https://twitter.com/bristolcit. At 2.40pm they were trading at 212p, a decline of 15p, or 6.6% on the day. Read our Weekend Newsletter by clicking here. He is a chartered accountant and registered auditor, previously partner in Van Staden and Robberts and now running his own practice. YouTube Encyclopedic 1/3 Views: 5 247 621 Stephen Lansdown co-founded Hargreaves Lansdown, a British financial-services firm. One of the world's richest men has said he has "no qualms" about moving from the UK to an offshore tax haven.. Numerous - Botswana and Mozambique. This includes the residents of Ashton Vale, Bower Ashton and Long Ashton. Gaborone International Commerce Park Players and employees at Bristol Bears rugby club are taking a pay cut, while his golf club in Guernsey -- part of the. Both Hargreaves Lansdown and Imperial Tobacco have their headquarters in Bristol and are in the FTSE 100. So you can enjoy yourholiday with confidence. Stephen Lansdown, 56, the Bristol City football club chairman, will be hoping for another winning year for his team and his business, Hargreaves Lansdown, which he aims to expand into the pension market. The Company also provides investment management, independent financial advisory and stockbroking services to private investors and advisory services to companies in respect of group pension schemes. It's been a decade since Stephen - who is worth 1.72 billion, according to the Sunday Times Rich List - stepped down as chairman of Hargreaves Lansdown, the company he co-founded with Peter Hargreaves in 1981. So you can enjoy yourholiday with confidence. Read about our approach to external linking. STEPHEN PHILIP LANSDOWN is the Director of TULI SAFARI BOTSWANA LIMITED, registered in United Kingdom. Fans, please take into consideration that we didn't break into Stephen Lansdown's bank accounts. Date of birth September 1983. Discover the natural wonders of both Victoria Falls and Botswana'sChobe National Park on a 7-day adventure staying in intimate accommodation and filling your days with immersive experiences. View Stephen Lansdown's profile on LinkedIn, the world's largest professional community. Lansdown says a small advertisement published in the national newspapers requiring a coupon response helped them kickstart their mailing list and database. The big ask is getting them here. People want to have a good time, so present them with services thats what were trying to encourage, and golf is the facilitator for that. (29390930) Mr Lansdown, who is the co-founder of Hargreaves Lansdown, the UK's biggest independent private client brokerage, became a shareholder of Ravenscroft in December 2012. Jon Stephen Lansdown currently holds the position of a Director (COMPANY DIRECTOR) in BRISTOL CITY FOOTBALL CLUB LIMITED, Director (VICE CHAIRMAN) in TULI SAFARI BOTSWANA LIMITED, Director (COMPANY DIRECTOR) in ASHTON GATE LIMITED, Director (COMPANY DIRECTOR) in BCFC LIMITED, Director (COMPANY DIRECTOR) in . Helen Pow interviews one of the firm's co-founders and finds that the key to the glittering success story has been always to make the needs of the clients paramount. He says: "It will increase our profile as a business. Involvement of BCC would be quite inappropriate as the planning authority and would put council tax payers' money at risk. Earth Capital Limited (ECL) have gender equality at Board level and a diverse team of experienced professionals. That anyone who is looking to organise a luxury safari experience will always consider Mashatu first. Finally, fly to Camp Okavango, a peaceful water camp for a tranquil end to this Botswana adventure. Philipp and his wife are also members of the Peace Parks Club. Jon Stephen LANSDOWN. Lansdown relocated in 2010 to Guernsey and is a non-executive director for Ravenscroft Group, a firm based on the island. He is from United Kingdom. Tanyas father founded Notugre and instilled a deep passion for the African wilderness in his daughter. Please complete your details and well be in touch to prepare your personalised quotation. 2 Stephen W Lansdown. In recent years he has proved to be popular with the fans of Bristol City for supporting managers in the transfer market, most notably allowing Gary Johnson to spend 1million on Lee Trundle. Tel: (+267) 2412319 Easily combinable with South Africa, Namibia and of course the dramatic and powerful Victoria Falls, Botswana is a destination that should not be missed! In a statement shortly after 2.30pm it was confirmed that Lansdown had sold 23 million shares at 0.4p each out of his current shareholding of 132 million shares at 2.05p per share. "We always thought someone should be by the phone each day so on the odd days of the week Peter was in the office answering the telephone and I was out seeing potential contacts and clients and on the even days it was the reverse.". By Dylan Lobo | 13:05:24 | 17 April 2009 - citywire.co.uk. The pair serve in Tuli Conservation Trust where Lansdown is a trustee and Khama is the patron. He served on the Executive Committee of Notugre during the 1990s and was integrally involved in numerous Notugre projects during his tenure in Tuli including game censuses, wildlife relocations and game capture operations. What about the increased risk of flooding to the surrounding area? Stephen Philip LANSDOWN. What is your biggest achievement to date? June 29, 2022; docker swarm load balancing; nigel bruce cause of death Find many great new & used options and get the best deals for Stephen Curry 2019-20 Panini Certified Mirror Red #61 - Golden St. Warriors at the best online prices at eBay! At least, thats the plan. Harald has been involved with Notugre since the early 90s and is currently Chair of the Executive Committee of Notugre and Chair of the Jwala and Dopotta Game Reserves within Notugre. 56 Stephen Lansdown Photos and Premium High Res Pictures - Getty Images Images Editorial Video Editorial FILTERS CREATIVE EDITORIAL VIDEO 56 Stephen Lansdown Premium High Res Photos Browse 56 stephen lansdown stock photos and images available, or start a new search to explore more stock photos and images. See the complete profile on LinkedIn and discover Stephen's connections and jobs at similar companies. Mashatu Nature Reserve controls Rhodesdrift Investments (Pty) Ltd, Kanda (Pty) Ltd and Limpopo Valley Access (Pty) Ltd. Pula Properties also controls Thamalakane River lodge and Croc B (Pty) Ltd. Lansdowns involvement in Botswana started in 2007 when he became a shareholder in Tuli Safari Lodge. Earlier in the day an announcement posted on the London Stock Exchange said Lansdown would be selling up to 15 million shares in the firm. Founded in 1998, Lansdowne Partners was established with the objective of building a leading investment management partnership focused on delivering superior long-term investment returns and exceptional client service. With a diverse team of experienced professionals, we manage a growing portfolio of assets in the energy, food and water sectors and have a pipeline of exceptional impact investment opportunities. What role do you think social media plays in the safari business today? Social media is a great way to communicate with the world at large, bringing the Reserve into your life wherever you are in the world. Stephen Lansdown cofounded Hargreaves Lansdown, a British financial-services firm. CB Rank (Investor) 225,783 We are committed to becoming an employer of choice by creating an inclusive and supportive working environment where people are treated with dignity and respect and where discrimination and/or exclusion are not tolerated. A typical day rise with the sun, explore and experience the bush and wildlife, brunch, relax (swim, study in our discovery centre), afternoon tea, evening game drive, sundowner, evening meal (perhaps a bush dinner!). "It's not a Starbucks or an Amazon, which have been getting bad publicity [for tax avoidance]. Peter is very much more marketing-driven, profit-driven, business-driven and I am very much more an organiser, focused on ideas and looking after the client. molar enthalpy of combustion of methanol. Stephen Philip Lansdown CBE (born 30 August 1952) is an English-born Guernsey billionaire. We think it will give us a kick-on in the marketplace.". He has been a Trustee of Tuli Conservation Trust since 2018, serving as Chair until his election as Chairperson of the Northern Tuli Game Reserve Landowners Association in late 2020. "Rather than buy a firm of IFAs, we look to bring that firm's clients on board with us. By using our website you consent to our use of cookies. LAEVELD AGROCHEM (LAC) WORD 30 Laeveld Agrochem 2019 Saam boer ons vooruit December 5, 2022 The new build, which is scheduled for completion by 2023, will be no higher than the current one, occupying a similar total footprint, with an area for functions, promotions and exhibitions, plus a 100-seat terrace restaurant overlooking Vazon Bay. In addition, in 2009 she spent five months in China as a volunteer with VSO where she was an Organisational Development Adviser. e'll take care of everything. The co-founder of Hargreaves Lansdown is chairman of the 700m financial advisory business, which is set to float into the FTSE 250 this month, and is also chairman of Bristol City Football Club. 9 records for Stephen Lansdown. The sales reduces his stake to 22.9%. Luxury Safari Magazine interviews Stephen Lansdown, shareholder, and director of Mashatu Game Reserve. Cruise along the Okavango Deltas waterways for an utterly captivating eyelevel perspective of the predators stalking their abundance of prey and take a silent ride in a dugout canoe to witness the activities of the Deltas residents amongst the lily clad lagoons. The term tax haven can apply to places with lower tax levels and jurisdictions where taxes can be avoided altogether. Earth Capital UK. . at Vic Fallls, Twice daily game drives, plus boat safaris. Gone will be the hotel, replaced by lodges for visiting golfers, and in a separate area will be a new health and spa facility with a gymnasium and 25m swimming pool. He has been a resident in Botswana since 2002 and has an intensive knowledge of the region, country and its environment. After a stint as a game ranger in Namibia, followed by a couple of years as a professional guide at Londolozi Game Reserve in Mpumalanga, he moved to the Tuli area in 1985 to conduct a research program on leopards. Theres no crystal ball, he said, and no guarantees how, when, or if the travel industry will recover. One of Botswanas biggest tourism investors and former President Lt Gen Ian Khamas associate, British billionaire Stephen Lansdown has been forced to sell part of his FTSE100 company in a bid to save his Botswana business which has been badly affected by the Coronavirus. 30.10.07 Subways Potential $10 billion Sale Draws Goldman, Bain: Sky, Guinea Sets Two-Week Deadline for Alumina Plants Projects, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Federal Grants Aim to Reconnect Communities Divided by Highways, Meta Cuts the Price of Its Quest Headset Up to 33% After Disappointing Demand, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, John Malone andCharter Directors Agree to $87.5 Million Settlement, Congo President Tells Macron Conflict in East May Delay Election, Anti-ESG Crusader Wants to Take Trumps Agenda to Next Level, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. Net Worth: $2.2 Billion. Previously Colin set up and ran Execuflora, providing corporate horticultural services to business in South Africa for 23 years, before selling his business to the Bidvest group and retiring in 2000. But he might be even more proud to see Bristol City in the Premiership. He loves the outdoors and regularly ventures into nature with his whole family. Majority shareholder Steve Lansdown speaks at the British High Commission in Gaborone, Botswana. That is what I am most proud of - the fact that what we do for clients is what clients actually want.". BCFC say they have aspirations, and there is nothing wrong with that, but they have to be tempered by reality and consideration for others. He told the BBC it "made sense" financially to move to an area with more favourable tax rates. The main route between Long Ashton and Bristol would be severely congested on match days. As the owner of Bristol City FC, Stephen saw sporting events shelved for months during lockdown, and his luxury safari business in Botswana was also forced to close. Pula, which means rain in Botswanas national language, has interests in sport, aviation, land and lodges in southern Africa, and the sustainability-focused private equity firm Earth Capital Holdings. We have estimated Stephen Lansdown's net worth, money, salary, income, and assets. Sport brings people together. Pete, a citizen of Botswana, has a BSc (Honors) degree in Zoology from the universities of Cape Town and Pretoria. We want La Grande Mare to be somewhere that Guernsey can be proud of, and if we go about it the right way, I think it really can be that. But inevitably shareholders' demands will present the company with new challenges. Retired and bored. Earth Capital Limited (ECL) have gender equality at Board level and a diverse team of experienced professionals. Also known as Stephen James Lansdowne. Moreover, both revenue and profit for the second half of last year were up compared with the second half of 2007. Lansdown stepped. One of the world's richest men has said he has "no qualms" about moving from the UK to an offshore tax haven.. Like most people, we dont really know how this is going to play out. Previous share sales and 30m-plus in dividends add to his total. Witness a sea of pink, as flamingos flock to the mineral rich salt pans of Makgadikgadi Pans National Park, interact with the inquisitive and effortlessly cute meerkats and experience the wildlife phenomenon of Botswanas secret zebra migration. Hargreaves Lansdown has enjoyed rapid growth lately, particularly in the Sipp sector where sales hit 720m last year and Lansdown says the company will continue to concentrate on this area. View Steve Lansdown results including current phone number, address, relatives, background check report, and property record with Whitepages. Free company director check. Secretariat / General Enquiries: Liz Hilton Gray Johannesburg South Africa contact@notugre.com Call one of our Africa specialiststo discuss your exact requirements and we'll prepare a Truly Individualquotation, just for you; The heartbeat of Botswana and one of the worlds largest inland deltas, the Okavango Delta is a uniquely beautiful National Heritage Site which provides an exceptional safari experience for visitors. ECL strongly believes in promoting diversity and creating an inclusive culture for all its employees, investors and investee companies. window.protag.cmd.push(function () { The stadium with associated housing, hotel, parking and other facilities would certainly be "inappropriate". "With our Vantage service, you, as a client, can have your Pep, your Isa and your Sipp or your straightforward funds or shares sitting on the one platform. Stephen Lansdown is known for Fisherman's Friends (2019), Swallows and Amazons (2016) and The Football League Show (2009). The hotel is at the centre of a bold new redevelopment plan from billionaire businessman Stephen Lansdown CBE, a project which, if successful, could revitalise Guernseys tourism industry and help ensure its future. Education: 1963-70: Thornbury Grammar School. Top 10 Performer in the ESG Transparency - Private Equity and Venture Capital Index 2021. (Wildlife Management) degree at the University of Pretoria. The Company operates in United Kingdom. Career: July 1981 to date: Hargreaves Lansdown; 1979-81: Sandham Davies & Co (brokers); 1974-79: Touche Ross & Co; 1970-74: Bunker Gibbons & Partners Accountants. He is passionately involved in conservation and the great outdoors, being an owner of an estate in Scotland and having conservation interests in Botswana. Stephen Lansdown Net Worth & Basic source of earning is being a successful British Businessperson. This website uses cookies. stephen burke attorney; June 7, 2022 . Fast. Here we find out more about the man and the game reserve and exactly what makes Stephen tick: . Is it enough to make people jump on quite an expensive flight to visit the place?. Price based on twopeople sharingaccommodation. Stephen has 1 job listed on their profile. Keith is a director of Silverback Films Ltd and series producer of Netflixs Our Planet. Stephen Lansdown co-founded Hargreaves Lansdown, a British financial-services firm. One of Botswana's biggest tourism investors and former President Lt Gen Ian Khama's associate, British billionaire Stephen Lansdown has been forced to sell part of his FTSE100 company in a bid to save his Botswana business which has been badly affected by the Coronavirus. He says the transparency of flotation should instil confidence in clients and attract new business. Stephen Lansdown started his career from a small bedroom in 1981. Lansdown stepped down as chairman of the firm in 2009 and left its board in 2012. Plot 104, Moores Rowland, Unit 21 Earth Capital Limited (ECL) was co-founded byStephenLansdown CBEandGordon Power. Luxury Safari Magazine Interviews Stephen Lansdown. They will have to live with the consequences every day. Oursustainabilityimpact is measured through our award-winning proprietaryEarth Dividendtool. s***@qia.qa. Jacques's career too reflects his affinity for the environment. Will His AI Plans Be Any Different? Lansdown worked at Touche & Co, now Deloitte, before joining an investment broker in Bristol, where he met Hargreaves. Tuli Safari Lodge is renowned for its staff choir, which was formed to help raise funds through performances and CD sales for the staff healthcare fund which provides medical care for the Tuli team and their families. Your comment column suggested that this should be regarded as a "good thing". Stephen Lansdown wears two hats. Shares the Bristol-based firm plunged to the bottom of the FTSE 250 leaderboard following the announcement. Our Travel Specialists are genuinely amongst some of the best in the business withmany years of travel experience. Can Nigeria's election result be overturned? He replaced John Laycock as chairman in 2002, and financed the club. Rewards and begin collecting points for every holiday you book! Simply complete our enquiry form to get in touch, or call our Africa Travel Specialists on 0203 924 8888 Botswana Holiday Ideas I would ask you and your readers to consider whether to others this may be a "bad thing". Tuli Conservation Trust UK thanks major donor. (adsbygoogle = window.adsbygoogle || []).push({}); window.googletag = window.googletag || { cmd: [] }; Monies raised from the sale will be used to help fund private projects including the proposed new stadium for Bristol City Football Club of which Stephen Lansdown is Chairman. 4 readers have commented on this story. We take your privacy seriously, and will never share your details. On Buzzlearn.com , Stephen is listed as a successful Businessman who was born in the year of 1952. Lansdown is most proud of the company's ability to determine what clients want and then provide it. Following his family's deep involvement in, and love of, the area, Jacques joined the Notugre Exco in 2013 and served as Chairman from 2015 to 2021. Favourite book: The Lord of the Rings by JRR Tolkien. This has not even been awarded to England and there are plenty of other venues that would be considered. He has sold more than $550 million of stock over the past five years, leaving him with a 7% stake worth about $600 million. Director. Is finding the back of the net the hardest job in football? Hargreaves Lansdown PLC (Hargreaves Lansdown) is engaged in the provision of investment management services. stephen lansdown botswana. He is a founder of Bristol Sport and majority shareholder of Bristol Rugby, Bristol Flyers, and Bristol City Football Club . The pair decided to start their own venture and in July 1981 set to work using Hargreaves' spare bedroom. People coming here will think its a lovely place to visit, and it is. Our Reserve not only protects the habitat for wildlife but naturally offsets our guests carbon footprint. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. Engage via Email. "It was a combination of marketing our business, getting clients or potential clients on board and then convincing them to do business with us.". View Stephen Lansdown's profile on LinkedIn, the world's largest professional community. Our Truly Individual holidays are designed around you and allowyou to have everything, just the way you like it! The pair own 80 per cent of the business and should get around 70m each when the company floats on the stockmarket. Stephen Lansdown's Phone Number and Email Last Update. Michael has been Chief Executive of two fully listed London insurance companies, is nonexecutive Director of Lancashire Holdings PLC and underwriter of a specialist nuclear insurer at Lloyds. In 2014, she joined her husband David Evans in the administration of Mashatu Game Reserve. Of course, this would help secure his investment by increasing the number of other organisations exposed to the risk of the project. Lansdowns stake is worth 218m. (Bloomberg) -- U.K. politicians should be wary of seeking Stephen Lansdown's backing for their election campaigns. The firm he set up with Peter Hargreaves in the early, recession-dogged years of Margaret Thatcher's government is now the sixth-largest financial advice firm in the country, according to Financial Adviser's Top 100 ranking, with GBP9.9bn in assets at the end of last year. We work in partnership with key stakeholders, government agencies and NGOs and encourages tourism as a major form of land use, which is supportive of our aims. Our Vision is to protect the Reserve for the benefit of our local communities and the wildlife for generations to come by providing a top-quality tourism destination. Wirral, Merseyside, CH48. Stephen Lansdown is a famous British businessman. Protest planned calling to end the abuse and murder of women, Massive Uber fare to Bristol Airport more than price of return flight to Tenerife, Police patrol Worle street after complaints about parking causing traffic issues, Mum's warning as son's pains and rash lead to 'horrendous' diagnosis, M5 to close near Bristol to enable removal of damaged gantry, Staff at Bristol newsagent threatened with suspected imitation firearm, Street fighting in Bakhmut but Russia not in control, Saving Private Ryan actor Tom Sizemore dies at 61, Alex Murdaugh's legal troubles are far from over, The children left behind in Cuba's mass exodus, Xi Jinping's power grab - and why it matters, Snow, Fire and Lights: Photos of the Week. Mr Hargreaves is confident that the pair will be able to cope with the extra demands of running a listed company. Includes Address (6) Phone (7) Email (3) See Results. Hargreaves Lansdown offers a range of investment products, investment services, financial planning and advice. What is the best part of being the director and shareholder of Mashatu? Stephen Lansdown is paring his stake in Hargreaves Lansdown Plc, the financial firm he co-founded with fellow British billionaire Peter Hargreaves, to support other investments and give him the flexibility to pursue new ones. Get Stephen Pritchard's email address (s*****@hl.co.uk) and phone number at RocketReach. You can never beat seeing lionesses and their baby cubs or large elephant herds, but there are too many sightings to single out just one. He admits that its not something hed have imagined himself doing 10 years ago. It will make us far more transparent in the market place and to examination by analysts and other third parties. Viewed from today's perspective, this success can partly be attributed to the firm's extreme financial caution. With the shares soaring from the 160p sell-off price in May to today's 2381/2p, both have made paper gains of almost 100 million in the past six months. Role Active Director The company manages some $130 billion in assets and boasts more than a million clients. This stadium would be in the wrong place for large events as it lacks the necessary transport links. Please enter your username or email address to reset your password. Contact us at info@earthcapital.net Tel: +44 (0)20 7811 4500, Website legal information | privacy policy. Finally, fly to Hwange National Park in Zimbabwe for three nights at stylish Somalisa Camp, set in a beautiful location. I hope that by the summer of 2021 there will be some form of normality, said Stephen, co-founder of Hargreaves Lansdown PLC, the UKs biggest independent private client brokerage. HARGREAVES LANSDOWN EBT TRUSTEES LIMITED (03398693) Company status Active Correspondence address Chapters, Stoke Park Road . At conservative gathering, Trump is still the favourite. Fionnuala has a long involvement in the Guernsey charitable sector, in both a fundraising and governance role, and is currently a director of the Guernsey Community Foundation. I didnt come up with the Guggenheim phrase but it did appeal to me, he said. Although funds under administration fell 9 per cent during 2008, the company registered net inflows of GBP900m for the period. ukumehame beach park surf report; social classes in regency england; houses for sale in shropshire private sale; pourquoi dit on cousin germain all rights reserved. Stephen Lansdown Net Worth. Our thoughts are with John's family and friends at this difficult time. The Stephen Lansdown net worth and salary figures above have been reported from a number of credible sources and websites. (NFT). Stephen Lansdown's income source is mostly from being a successful . 11/12/2022 6:42 AM. A founder and former Chairman of Hargreaves Lansdown Plc, a FTSE100 company, he moved to Guernsey in 2010 to pursue other interests such as conservation and wildlife protection and currently serves on the Executive . He has a keen interest in the history of the reserve and surrounding area and previously chaired the Charter Reserve Association within Notugre. Stephen Lansdown has a net worth of $5.00 million (Estimated) which he earned from his occupation as Businessperson. window.protag.display("protag-sidebar"); Stephen Lansdown, who helped launch and manage Hargeaves Lansdown from 1981 to 2012, has bought a 10pc stake in Edge Investments for an undisclosed sum.