Month: March 2020

LUXEMBOURG, March 25, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced today that, in light of the current uncertainty around the extent and timing of the future spread of COVID-19, the imposition or relaxation of protective measures adopted in response to the pandemic, and their effect on the energy industry generally and the Company’s business in particular, its board of directors has resolved to postpone the Company’s annual general meeting of shareholders originally planned to be held in Luxembourg on 30th April 2020. The annual general meeting of shareholders will be convened for 2nd June 2020. The board of directors expects to announce on 29th April 2020 the proposals to be submitted to the consideration of the meeting, including its proposal on dividends. Given that the new market conditions...

LUXEMBURGO, March 25, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, México: TS y MTA Italia: TEN) anunció hoy que, a la luz de la incertidumbre actual sobre el alcance y el momento de la futura propagación de COVID-19, la imposición o relajación de las medidas de protección adoptadas en respuesta a la pandemia y sus efectos en la industria energética en general y en los negocios de la Sociedad en particular, el consejo de administración ha resuelto posponer la asamblea general anual de accionistas de la Sociedad originalmente planeada para celebrarse en Luxemburgo el 30 de abril de 2020.La asamblea general anual de accionistas se convocará para el 2 de junio de 2020. El consejo de administración espera anunciar el 29 de abril de 2020 las propuestas que se someterán a la consideración de la asamblea, incluida su propuesta sobre dividendos....

This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) announces that on March 24 it received formal notice of non-compliance with the New York Stock Exchange (the “NYSE”) share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of US$1.00 per share for 30 consecutive trading days.Precision...

NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) — Brooge Holdings Limited (NASDAQ: BROG) (“Brooge Holdings”) today announced that the Extraordinary General Meeting (the “Meeting”) of Brooge Holdings Limited, a Cayman Islands exempted company (the “Company”), will now be held at the BPGIC FZE Fujairah office building, Al Rugaylat Road, Fujairah, United Arab Emirates at 10:30 a.m. Eastern Time / 6:30 p.m. Gulf Standard Time on April 7, 2020.The Meeting cannot be held at the original time and location as a result of legal restrictions imposed in response to the coronavirus disease 2019 pandemic which will prevent a quorum from being present at the original time and location.Attendance at the Meeting will be limited to stockholders of record and beneficial owners who provide proof of beneficial ownership as of the record date, February...

HAMILTON, Bermuda, March 25, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced its financial results for the quarter and year ended December 31, 2019 and provided an operations update. Additional information can be found on the Company’s website at http://www.transatlanticpetroleum.com.SummaryEstimated proved reserves as of December 31, 2019 were 10,670 thousand barrels of oil equivalent (“MBOE”), up 3% from 10,383 MBOE as of December 31, 2018. Estimated proved developed reserves as of December 31, 2019 were 6,004 MBOE, up 11% from 5,423 MBOE as of December 31, 2018. Estimated proved undeveloped reserves as of December 31, 2018 were 4,666 MBOE, down 6% from 4,960 MBOE as of December 31, 2018.Net loss in the fourth quarter of 2019 was $2.5 million,...

LAVAL, Québec, March 25, 2020 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce today its results for fiscal 2019.HighlightsRevenue for the year was $374.3M, up $88.3M, or 30.9%;Gross profit was $125.3M, up $31.9M, or 34.1%;Adjusted net earnings for the year were $26.8M, or $0.55 per share on a diluted basis, up 37.4% and 25.0%, respectively; Adjusted EBITDA was $55.6M, up $15.3M or 37.9%.A word from the President“Our results for fiscal 2019 were in line with our expectations as the four key metrics of revenue, gross profit, adjusted net earnings and adjusted EBITDA all grew more than 30% compared to last year. This is a strong indicator that everyone at Savaria worked hard to deliver these results,” declared Mr. Bourassa, President and...

LAVAL, Québec, 25 mars 2020 (GLOBE NEWSWIRE) — Savaria Corporation (« Savaria ») (TSX : SIS), un des chefs de file mondiaux de l’industrie de l’accessibilité, divulgue aujourd’hui les résultats de son exercice 2019.Faits saillants de l’année 2019Revenus de 374,3 M $, en hausse de 88,3 M $ ou 30,9 %;Marge brute de 125,3 M $, en hausse de 31,9 M $ ou 34,1 %;Résultat net ajusté de 26,8 M $, ou 0,55$ par action sur une base diluée, en hausse de 37,4 % et 25,0 % respectivement;BAIIA ajusté de 55,6 M $, en hausse de 15,3 M $ ou 37,9 %.Mot du Président« Nos résultats pour l’exercice 2019 ont été conformes à nos attentes alors que nos quatre indicateurs clefs, les revenus, la marge brute, le résultat net ajusté et le BAIIA ajusté, ont tous augmenté de plus de 30 % par rapport à l’exercice précédent. Ceci démontre...

EDMONTON, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD) and Melcor Real Estate Investment Trust (TSX: MR.UN) today announced a number of the measures taken in response to unprecedented economic challenges brought about by the COVID-19 global pandemic and the drastic drop in the price of Alberta oil.To respond to this pressure, Melcor and the REIT have and are implementing a number programs and initiatives, including:47% reduction to the REIT’s April distribution, announced March 20, 202017% reduction to Melcor’s dividend announced March 11, 2020Board remuneration reduction for both companiesWage roll-back for named executive officers and management committee membersTemporary lay-off notices given to approximately 25% of full-time staffReduction in remuneration for all remaining staffDeferred all...