Hashtag: #AscendantGroup
Electrical Trade Union Instituting Work-To-Rule
“The Electrical Supply Trade Union [ESTU] will be instituting a work-to-rule and demand the immediate reinstatement of the four qualified, displaced Bermudians,” the BTUC said today, adding that they hope the “Board of Directors meet with the ESTU to bring a speedy resolve to this current impasse.” Background Summary Yesterday BELCO’s... Read more of this article
Updating: BELCO Staff Gather Outside Building
[Updating] BELCO staff are currently gathering outside the building this morning [Oct 4], and BELCO has stated that “with Union action pending, BELCO cashiers and customer service representatives will be closed until further notice.” Yesterday BELCO’s parent company Ascendant Group announced the “departure” of four senior executives... Read more of this article
Four Senior Executives Depart From Ascendant
BELCO’s parent company, the Ascendant Group, announced the “departure” of four senior executives — Denton Williams, Michael Daniel, Carol Ross-DeSilva & Zehena Davis — saying that ”two have resigned and two positions were made redundant.” The four executives, combined, had been with the company for over... Read more of this article
Ascendant Group Release Six Month Report
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited released their six-month report ending 30 June 2018, with the report stating that “Ascendant’s year-to-date core earnings from operations, before corporate expenses, were $11.1 million compared to $13.6 million for the same period in 2017.” The report stated, “Core... Read more of this article
12 Ascendant Staff Receive ILM Certification
Twelve members of the Ascendant Group Limited team have attained the Institute of Leadership & Management [ILM] Level 5 Certificate in Leadership and Management. “ILM is an independent charity that forms part of the City & Guilds Group. It is the UK’s largest management body and it aims to improve the standards of leadership and management... Read more of this article
Minister Brown: ‘This Will Not Be Tolerated’
[Updated] Circumstances surrounding the loss of three jobs at Ascendant Group have resulted in various allegations being made, and the Ministry of Home Affairs launching an investigation. Earlier this week, the Ascendant Group — which is the parent company of BELCO, Aircare, iFM, and iEPC – confirmed that three staff members were made redundant. The... Read more of this article
Three People Made Redundant At Ascendant
Ascendant Group — the parent company of BELCO, Aircare, iFM, and iEPC – have confirmed that three staff members have been made redundant. The company confirmed that the Marketing and Communications Department for the Ascendant Group was “outsourced which will result in substantial cost savings to the company.” Three staff and... Read more of this article
Ascendant’s August 2018 Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of August 2018 the company repurchased 12,774 common shares at an average price of $16.30. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Group... Read more of this article
Ascendant’s July 2018 Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of July 2018 the company repurchased 9,540 common shares at an average price of $16.25. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Group Becomes... Read more of this article
STEM Camp Students Demonstrate Projects
On Friday morning [July 27], the middle school students attending Ascendant Group’s annual STEM Camp had the opportunity to show their projects to the Minister of Education and Workforce Development Diallo Rabain. STEM Camp was initially launched in 2013 to provide middle school students who display proven aptitude and interest in Science, Technology,... Read more of this article
Ascendant Group Announces Six Month Results
“BELCO and our non-utility businesses performed well in the first half of this year – evidence that our strategic plan is bearing fruit,” Ascendant Group President and CEO Sean Durfy said today as he announced the company’s results for the first half of 2018. Mr. Durfy said: “The Company’s performance reflects continued, solid... Read more of this article
Ascendant Group Hires Fifteen Summer Interns
Fifteen student interns are gaining valuable work experience this summer through Ascendant Group’s Summer Student Programme. The Interns are placed throughout the Group within a variety of departments at Ascendant, BELCO and Aircare. Anthony Bailey, Jordon Lindsay, Daniel Pinto, Charnae Richardson, Azra Smith and Taye Thompson are supporting Ascendant’s... Read more of this article
Ascendant STEM Camp Offered Free Of Charge
Ascendant Group has completed the first week of its annual STEM [Science, Technology, Engineering and Mathematics] Camp, which caters to middle school students looking to enhance their skills in STEM by developing challenging robotic projects, electronics and wearable technology. The Camp was initially launched in 2013 and provides an interactive experience... Read more of this article
Ascendant’s June 2018 Share Repurchases
In a filing with the Bermuda Stock Exchange, Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of June 2018 the company repurchased 158,188 common shares at an average price of $15.80. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Group Becomes... Read more of this article
$107.5M Financing For New BELCO System
BELCO has arranged $107.5 million in financing which the company said “will be used to fund the construction of BELCO’s replacement generation and battery energy storage system.” Ascendant, BELCO’s parent company, said, “Ascendant Group Limited is pleased to announce the signing by its wholly owned subsidiary, Bermuda Electric... Read more of this article
Ascendant’s May 2018 Share Repurchases
In a filing with the Bermuda Stock Exchange [“BSX”], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of May 2018 the company repurchased 35,400 common shares at an average price of $15.00. The Company advised the repurchased shares have been reserved for issuance. Related Stories Ascendant Group... Read more of this article
