Day: March 23, 2020

Med anledning av de aktuella marknadsförhållandena har Alex Schneiter, koncernchef och vd för Lundin Petroleum AB (Lundin Petroleum) skrivit ett öppet brev till aktieägarna. Han beskriver där de åtgärder som vidtagits för att mildra den effekt covid‑19 pandemin kan komma att få på verksamheten och hur bolagets strategi och affärsmodell har förmåga att stå emot låga råvarupriser. Brevet i sin helhet finns att läsa på bolagets hemsida och nås via denna länk:https://www.lundin-petroleum.com/sv/investerare/brev-till-aktieagarna/SammanfattningBolaget står fortsatt väl rustat emot låga oljepriser:För att uppnå neutralt fritt kassaflöde, före återbetalning av lån och utdelningar för de kommande sju åren, uppgår det genomsnittliga break-even priset på olja till cirka 17 USD per fat oljeekvivalenter1 (boe). Detta är möjligt tack vare våra producerande...

LOS ANGELES, March 23, 2020 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) (“PacWest”) announced today that it will temporarily suspend its stock repurchase program for the remainder of the first quarter and second quarter of 2020. PacWest has not repurchased any stock under its current stock repurchase program which became effective on March 1, 2020.The COVID-19 pandemic has become an unprecedented challenge for customers, employees and the global economy. In its announcement of a comprehensive program designed to support the flow of credit to businesses and households, the Federal Reserve encouraged banks to maintain strong capital levels and liquidity in order to ensure that actions that would otherwise limit access to credit are avoided. This action is being taken to support the efforts of the Federal Reserve to moderate the...

PRINCETON, N.J., March 23, 2020 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immuno-oncology company developing multiple therapies based on the Company’s proprietary Versamune® T-cell activating technology, today announced that Andrew Saik has resigned as the Company’s Chief Financial Officer (CFO) and a director of the board to pursue other professional opportunities, effective immediately.  Mr. Saik joined PDS Biotech following the merger with Edge Therapeutics in March 2019, where he was the CFO. The board of directors has initiated a search to identify a successor.The Company’s board of directors has appointed Frank Bedu-Addo, Ph.D., the Company’s President and Chief Executive Officer, as interim Principal Financial Officer and Janetta Trochimiuk, PDS Biotech’s Controller as interim...

Paris, Amsterdam, March 23, 2020Press releaseCOVID-19 Impact Update: Unibail-Rodamco-Westfield withdraws guidance and provides update on planned dividends for the 2019 fiscal year  On February 12, 2020, Unibail-Rodamco-Westfield (“URW” or “the Group”) announced its 2019 results and proposed a dividend of €10.80 per stapled share. There were only a limited number of COVID-19 cases outside China at that time. Since then, the COVID-19 pandemic has evolved significantly and at a very rapid pace.Governments and business are employing stringent measures to slow the spread of the COVID-19 virus, as described in the press releases issued by the Group on March 16 and 19. There is currently a lack of clarity about whether further measures will be deployed and significant uncertainty about the duration and impact of the COVID-19 pandemic on the...

MALVERN, Pa., March 23, 2020 (GLOBE NEWSWIRE) — Baudax Bio, Inc. (“Baudax” or the “Company”) (Nasdaq: BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced that it has commenced an underwritten public offering of its common stock, Series A warrants and Series B warrants.  All of the securities in the offering are to be sold by Baudax.Baudax intends to use the net proceeds of the proposed offering for the launch and the commercialization of ANJESO™, pipeline development activities, and general corporate purposes.JMP Securities LLC and Oppenheimer & Co. Inc. are acting as joint book-running managers. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.The...

BEIJING, March 23, 2020 (GLOBE NEWSWIRE) — ChinaNet Online Holdings, Inc. (Nasdaq: CNET) (“ChinaNet” or the “Company”), an integrated online advertising, precision marketing, and data analysis and management platform company, today announced that it has filed with the Securities and Exchange Commission (the “SEC”) on March 20, 2020, to extend its 2019 Form 10-K filing deadline by 45 days to May 14, 2020.The Company applied for the extension due to the outbreak of the COVID-19 novel coronavirus, which has caused a delay in its auditor’s ability to perform the required audit work as well as a delay in the Company’s ability to consolidate and analyze its financial statements for the preparation of its annual report on Form 10-K.Importantly, the Company conducts its business operations in China, primarily in two...

NEW YORK, March 23, 2020 (GLOBE NEWSWIRE) — National Holdings Corporation (NASDAQ: NHLD) (“National” or the “Company”) today announced that, due to the emerging public health impact of the coronavirus pandemic, the location of the Company’s 2020 annual meeting of stockholders has been changed and will be held in a virtual meeting format only. As previously announced, the annual meeting will be held on Thursday, April 2, 2020 at 10:00 a.m. Eastern Time.To be admitted to the annual meeting at http://www.meetingcenter.io/207776206, stockholders must enter the control number found on their proxy card previously received. The password for the meeting is NHLD2020. Stockholders holding shares through an intermediary, such as a bank or broker, must register in advance with Computershare to attend the annual meeting. Such requests for...

DOTHAN, Ala., March 23, 2020 (GLOBE NEWSWIRE) — Construction Partners, Inc. (NASDAQ: ROAD) (the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it has acquired two hot-mix asphalt plants, located in Pensacola and Defuniak Springs, Florida. Among other things, the acquisition is expected to offer the following strategic benefits to the Company:The Pensacola plant represents the Company’s entry into a new market from which the Company will be able to pursue a variety of public, private and Department of Defense projects.The Defuniak Springs plant allows the Company to service the western Florida panhandle from a convenient location on the Interstate 10 corridor.Both plants are located on or adjacent to...

SAN DIEGO, March 23, 2020 (GLOBE NEWSWIRE) — Envision Solar International, Inc., (Nasdaq: EVSI, EVSIW) (“Envision Solar,” or the “Company”), the leading producer of unique and sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, announces that it will report fiscal year 2019 financial results on Monday, March 30, 2020 after the market close.Management will host a conference call at 4:30 PM ET on Monday, March 30, 2020, to review financial results and provide an update on corporate developments.  Following management’s formal remarks, there will be a question and answer session.Participants are asked to pre-register for the call through the following link: http://dpregister.com/10139901. Please note that registered participants will receive their dial in number upon registration and...

NEW YORK, March 23, 2020 (GLOBE NEWSWIRE) — Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company) announced today that Seth Lederman, M.D., President and Chief Executive Officer of Tonix, will be conducting a virtual presentation in conjunction with the Spring Investor Summit on Wednesday, March 25, 2020, at 1:50 p.m. ET.A live webcast and subsequent archived recording of the Company’s virtual presentation will be available under the IR Events tab of the Investor Relations section of the Tonix website at www.tonixpharma.com.About Tonix Pharmaceuticals Holding Corp.Tonix is a clinical-stage biopharmaceutical company focused on discovering, licensing, acquiring and developing drugs and biologics to treat and prevent human disease and alleviate suffering. Tonix’s current portfolio includes biologics to prevent infectious...