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Month: March 2020

Signify provides update on developments related to the coronavirus

Press ReleaseMarch 27, 2020Signify provides update on developments related to the coronavirusEindhoven, the Netherlands – The COVID-19 pandemic has created an unprecedented situation globally. From the outset, Signify (EURONEXT: LIGHT) has taken considerable action focused on the health and safety of its employees, on customer engagement and supply chain continuity and on free cash flow generation and operating expenses.To adapt to the fast-changing environment, the company has taken the following decisions:Outlook suspended and dividend proposal withdrawnGiven the high level of global uncertainty and the very limited visibility on how this crisis might unfold, Signify has decided to suspend its financial outlook for 2020 as announced on January 31, 2020.In addition, Signify has decided to withdraw the proposal to pay a dividend of EUR...

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BIC: 2020 Capital Allocation revised in the context of the COVID-19 outbreak

FOR IMMEDIATE RELEASE                                           2020 Capital Allocation revised in the context of the COVID-19 outbreakCLICHY – March 27, 2020 – In light of the continuing escalation of the COVID-19 global epidemic, the SOCIETE BIC Board of Directors has decided to adjust the 2020 Capital Allocation Policy to reflect the unprecedented current trading environment.Although BIC can rely on its integrated business model and strong balance sheet, the level of uncertainty of the magnitude and the duration of the crisis requires reallocating the Company’s cash flow to protect its on-going operations and reinforce its competitive positions.Therefore, the Board of Directors has decided first to suspend BIC’s share buyback program until further notice, and second, to lower the proposed dividend for the fiscal year 2019 to 2.45 euros...

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Kinnevik publishes Annual & Sustainability Report for 2019

Kinnevik AB (publ) (“Kinnevik”) today published its Annual & Sustainability Report for the fiscal year 2019 on its website www.kinnevik.com. The report will be sent by post to shareholders upon request.If you would like to order a copy of the report, please send an e-mail with your name and address to info@kinnevik.com.For further information, visit www.kinnevik.com or contact:Torun Litzén, Director Investor RelationsPhone +46 (0)70 762 00 50Email press@kinnevik.comKinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to make people’s lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday consumer needs. As active owners, we believe in delivering...

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Kinnevik publicerar Årsredovisning och Hållbarhetsrapport för 2019

Kinnevik AB (publ) (“Kinnevik”) publicerade idag sin årsredovisning och hållbarhetsrapport för verksamhetsåret 2019 på sin hemsida www.kinnevik.com. Rapporten skickas även ut per post till de aktieägare som efterfrågar det.För att beställa en tryckt årsredovisning, vänligen skicka ett email med ditt namn och adress till info@kinnevik.se.För ytterligare information, besök www.kinnevik.com eller kontakta:Torun Litzén, Informations- och IR-chefTelefon +46 (0)70 762 00 50Email press@kinnevik.comKinnevik är ett sektorfokuserat investmentbolag som brinner för entreprenörskap. Vårt syfte är att förbättra människors liv genom att erbjuda fler och bättre valmöjligheter. Tillsammans med drivna grundare och företagsledare bygger vi bolag som genom digitalisering och teknisk innovation tillgodoser väsentliga vardagsbehov hos konsumenten. Som aktiva...

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EMGS initiates transition to low-cost set-up

Following the end of acquisition work under the two-year contract in the Americas, as announced to the market on 20 February 2020, the recent sharp oil price decline and the uncertainty created by the global Covid-19 pandemic, with associated impact on the global economy and, in particular, on oil company investment decisions, Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has experienced a rapid deterioration in the Company’s backlog for 2020.The board of directors and management of the Company have evaluated all possible measures to preserve and maximise shareholder value and safeguard the interest of the Company’s other stakeholders in this situation.Based on this review, the Company has resolved to immediately start the transition to a low-cost set-up. The purpose of this low-cost set-up will be...

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Ferrari to resume production in Maranello and Modena as of 14 April 2020. 

Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020.All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks. The Company will continue to cover all days of absence to those unable to take advantage of this solution.Given the huge uncertainty and lack of predictability that the Covid-19 has created, the Company is taking all appropriate actions to assure the wellbeing and welfare of its employees and that are deemed to be in the best interest of all stakeholders. The Company anticipates that it will be in a position to provide further financial guidance to the investment community during its first quarter earnings’ call on May 4,...

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AgraFlora Organics’ GTA Facility Receives Amendments Necessary to Launch CBD Business

VANCOUVER, British Columbia, March 27, 2020 (GLOBE NEWSWIRE) — AgraFlora Organics International Inc.  (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) is pleased to announce its wholly owned subsidiary Sustainable Growth Strategic Capital Corp. (“SGSC”), a federally licensed cannabis company based in the Greater Toronto Area (GTA), has received Health Canada approval to commence extraction at its licensed facility pursuant to an amendment to its Standard Processing License.  SGSC also holds Standard Cultivation and Medical Sales Licenses issued pursuant to the Cannabis Act.SGSC has been actively engaged in the Canadian CBD business, working with partner farmers to optimize the harvest to hemp-crops to maximize the efficiency of subsequent CBD extraction.  In March, SGSC commenced a trial extraction (the...

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PRESS RELEASE: FINAL AMOUNT OF THE NACON SHARE CAPITAL INCREASE AS PART OF ITS INITIAL PUBLIC OFFERING

NACONThe integrate pure play in Video GamingNot for circulation, directly or indirectly, in the United States, Canada, Australia, and JapanFINAL AMOUNT OF THE NACON SHARE CAPITAL INCREASE AS PART OF ITS INITIAL PUBLIC OFFERINGExercise of the over-allotment option up to 9.0 M€ (out of a maximum amount of 10.0M€)Final amount of the capital increase set at 109 M€Implementation of the liquidity contractLesquin, March 27, 2020NACON, an integrated player in the fast-growing video games industry, announces today that as part of its Initial Public Offering on the Regulated Market of Euronext Paris – (ISIN Code: FR0013482791 / mnemonic: NACON; Compartment B), Louis Capital Markets UK LLP, acting as a stabilizing agent, in the name and on behalf of the Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners of the offer, exercised...

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