Day: March 18, 2020

 Reykjavík, 18. mars 2020  Stjórn og stjórnendur Origo hf. hafa undanfarnar vikur búið félagið undir þær aðstæður sem hafa skapast vegna Covid-19 veirufaraldursins og efnahagslegar afleiðingar hans.  Félagið er vel í stakk búið til að takast á við þessar fordæmalausu aðstæður, hvort sem litið er til högunar þjónustu við viðskiptavini, fjárhags- eða lausafjárstöðu.  Í ljósi þeirrar miklu óvissu sem ríkir um efnahagshorfur næstu mánuði er það engu að síður talið nauðsynlegt að gæta ítrustu varúðar í að treysta burðarstoðir félagsins enn frekar. Aðgerðir stjórnenda miða í fyrsta lagi að því að tryggja rekstrarsamfellu þannig að sem minnst truflun verði á þjónustu Origo við viðskiptavini.  Félagið þjónar í dag fyrirtækjum og stofnunum sem mörg hver gegna samfélagslega mikilvægu hlutverki, m.a. tengt íslenska heilbrigðiskerfinu, almannavörnum,...

18 March 2020G4S PLC(the “Company”)Notification and public disclosure of transactions by persons discharging managerial responsibilities (“PDMRs”) and persons closely associated with them (“PCAs”)Release of Deferred Shares under 2016 bonus planThe Company announces that it received notification that on 16 March 2020, PDMRs of the Company listed in the table below acquired ordinary shares in the Company released to them as a result of the vesting of an award of deferred shares under the Company’s 2016 bonus plan (“Deferred Shares”).In each case sufficient numbers of such shares were sold to pay for tax and other contributions due in respect of the release of the shares. After these sales, the PDMRs retained the following numbers of shares from the vesting:Transfer of shares to a nominee accountThe Company further announces that it received...

Boca Raton, Florida, March 18, 2020 (GLOBE NEWSWIRE) — Simplicity Esports and Gaming Company (OTCQB: WINR) (“Simplicity Esports”), an established brand within the esports industry, owner and manager of multiple esports teams, including Flamengo Esports, and an operator of Esports Gaming Centers, announced today that it has secured a $500,000 investment from TRITON FUNDS (“Triton”).The funds from the Triton investment will serve as working capital to support the achievement of Simplicity Esports’ previously stated goals of owning a team in a franchised game, broadening its offering of competitive events, including play-at-home online tournaments, and being cash flow positive.Jed Kaplan, CEO of Simplicity Esports, commented, “Simplicity Esports continues to move closer to our goal of owning a team in a franchised game, as our Brazilian...

CINCINNATI, March 18, 2020 (GLOBE NEWSWIRE) — LSI Industries Inc. (NASDAQ:  LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of indoor/outdoor lighting and graphics solutions, today announced that the Company has completed the sale of its North Canton, Ohio manufacturing facility.  The Company is in the process of relocating its existing operations to a smaller, leased facility in the North Canton area while retaining its existing workforce.  As previously disclosed, recent advancements in graphics technology, together with other productivity improvements, allowed for a significant reduction in square footage required to support the ongoing growth of the business.  The production transition will be fully completed by June 2020. LSI has received $7.6 million in net proceeds from the sale of the North Canton facility. ...

LUND, Sweden, March 18, 2020 (GLOBE NEWSWIRE) — Clinical Laserthermia Systems AB (publ) today announced that the University Hospital in Magdeburg, Germany is evaluating the company’s MR-guided, minimally invasive TRANBERG®çLaser Thermal Therapy System for soft tissue for the treatment of small liver metastases and primary liver tumors.  Twelve patients have been successfully treated with the MR-guided, Laser interstitial thermal therapy (LITT) procedure without treatment-related side effects.The CLS mobile laser unit and disposable products under evaluation by the hospital are managed by CLS’ German subsidiary, CLS GmbH.“Currently twelve patients have been treated in an open interventional MR, with pre-planning and online control for a targeted approach and treatment success. Patients with different primary tumor entities and multiple...

M. N. Kathleen Offman Mathisen, CHRO in Grieg Seafood ASA, has on 18 March 2020 acquired 4 200 Grieg Seafood ASA shares at NOK 90.9627 per share. Total shareholding after this share purchase is 11 736 shares.M. N. Kathleen Offman Mathisen is part of Grieg Seafood ASA’s synthetic share option program, and in this connection, she has an obligation to hold shares in Grieg Seafood ASA.Solveig M.R. Nygaard, Director of the Board in Grieg Seafood ASA, has on 18 March 2020 acquired 3 000 Grieg Seafood ASA shares at NOK 89.32 per share. Total shareholding after this share purchase is 3 000 shares.This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

There has been a double whammy of sorts with COVID-19 being declared a pandemic and the financial markets crashing across the world. Amid all this mayhem it is easy to lose focus of the horizon. In the recently published article Shailesh Dhuri, CEO Decimal Point Analytics discusses some of the apparent similarities between the Great Financial Crisis of 2008 and the emerging situation at present. He talks about how the financial mavericks push products in the market without stress testing them and when the market conditions turn unfavorable these products fail and jeopardize the entire world economy. Last time it was a pool of uncorrelated junk grade loans and this time it is a pool of illiquid assets traded by an algorithm at high frequency. The only difference being COVID-19 has triggered the crash this time.What has changed due to COVID-19?...

Governments in major economies are encouraging financial technology (fintech) innovation with regulatory and advisory initiatives designed to accelerate the availability of online payment solutions and other financial services for businesses. The initiatives generally aim to attract innovative fintech companies and help them operate in the regulated financial sector, while ensuring adequate financial protection for customers. Industry leader and innovator, Matt Najar, believes without new FinTech initiatives, we will stall: “FinTech, blockchain certainly included, is critical for our generation to solve inherent financial system issues and progress forward”. Among the efforts are new licensing and regulatory approaches that help fintechs offer new or broader services, including banking. Other moves include advisory services that guide...

Stocks dive deep last week as it enters correction, possible reason surfaced is due to the fear related to the coronavirus spread over 55 countries worldwide infecting a total 89,198 people and with a total death of 3,048 as of this moment. The outbreak did not just affected peoples health it also inflicted damage on global economy. Never have thought S&P 500 would suffer its worst week ever after its financial crisis happened last October of 2008. According to S&P Dow Jones Indices the declined erased a whopping $6 trillion market value in just a week.S&P Dow Jones Indices Senior Index Analyst, Howard Silverblatt wrote in an email to CNBC said, “The current, and largest concern now is if consumers start pulling back on their spending – consumer spending has been supporting the economy, as it makes up for disappointing...

For about 2 months of negativity, Global market is now showing a positive sign this Tuesday morning as a financial stimulus measures is back up by U.S. President Donald Trump himself – which may include the idea of a payroll tax cut. President Trump in an interview said that he, the Senate and Congress will discuss a possible tax cuts so to help hourly wage employees who have possibly missed getting their paychecks because of the corona virus fears. “We are to be meeting with House Republicans, Mitch McConnell, and discussing a possible payroll tax cut or relief, substantial relief, very substantial relief,” and adding about helping hourly wage earners, “so they can be in a position where they’re not going to miss a paycheck,” U.S. President said. Asked if what is the government doing about the underlying health issues concerning...