Day: April 24, 2020

DUNKIRK, N.Y., April 24, 2020 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ Global Market: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced unaudited results for the three months ended March 31, 2020. Net income for first quarter 2020 was $731,000, or $0.12 per diluted share, as compared to first quarter 2019 net income of $898,000, or $0.15 per diluted share. First quarter 2020 net income reflected a $425,000 increase in provision for loan losses primarily related to declining economic conditions as a result of the COVID-19 pandemic and a $134,000 decrease in non-interest income which was partially offset by a $358,000 increase in net interest income, a $29,000 decrease in income tax expense and a $5,000 decrease in non-interest expense when compared to the first quarter of 2019.During...

Pompano Beach, Florida, April 24, 2020 (GLOBE NEWSWIRE) — Brownie’s Marine Group, Inc. (OTC Pink: BWMG) a leading developer, manufacturer and distributor in the marine industry announced several business updates on their existing businesses and new opportunities.Impact of COVID-19 On Existing BusinessesLike many consumer-facing companies, BWMG’s core business lines are experiencing significant challenges, as the COVID-19 related economic slow-down impacts consumer spending. The management team of BWMG expects that revenues will be down significantly from internal estimates on various products sold, including those in the boating and recreational diving industry. The company has taken several steps to ensure the long-term viability of operations, including the shift of focus onto developing a ventilator prototype using the company’s...

Eik fasteignafélag hf. mun birta árshlutauppgjör fyrir fyrsta ársfjórðung 2020 eftir lokun markaða miðvikudaginn 29. apríl nk.Rafrænn kynningarfundur verður haldinn fimmtudaginn 30. apríl nk. klukkan 8:30. Garðar Hannes Friðjónsson, forstjóri og Lýður H. Gunnarsson, framkvæmdastjóri fjármálasviðs, munu kynna uppgjörið og svara spurningum að lokinni kynningu.​Tengill á fundinn mun verða sendur út samhliða birtingu árshlutauppgjörsins.

Nexity’s cash position remains very strong, with €762 million in cash and €555 million in confirmed undrawn bank borrowing facilities.As a precautionary measure, and to anticipate the consequences of the health crisis on its EBITDA, Nexity entered into dialogue with its banking partners and announces today it has made adjustments to its main corporate loans facilities. Nexity has secured an exemption from its undertaking to respect its leverage ratio threshold (IFRS net debt excluding project-related debt/EBITDA); this exemption will apply until the approval of the 2021 financial statements. Nexity thanks its banking partners for their support and responsiveness. A similar approach has been initiated with Nexity’s bondholders.DisclaimerThe information, assumptions and estimates that the Company could reasonably use to determine its targets...

Nexity continue de bénéficier d’une situation de trésorerie très solide, avec 762 millions d’euros de cash et 555 millions d’euros de lignes de crédit bancaires confirmées et non tirées.Par mesure de prudence, et en anticipant un impact de la crise sanitaire sur son EBITDA, Nexity a engagé des discussions avec ses partenaires bancaires, et annonce aujourd’hui avoir réaménagé, avec leur accord, ses principaux contrats de financement corporate. Nexity a en particulier obtenu d’être exonéré de son engagement de respecter la limite relative au ratio de levier jusqu’à l’arrêté des comptes de l’exercice 2021. Nexity remercie ses partenaires du pool bancaire et l’ensemble de ses banquiers pour leur soutien et leur réactivité. Une démarche similaire vient d’être engagée auprès des porteurs obligataires Euro PP.AvertissementLes données, hypothèses...

Golden Ocean Group Limited (“Golden Ocean” or the “Company) hereby announces that 550,000 share options have today been granted to Mr Ulrik Andersen in connection with his appointment as CEO of Golden Ocean Management AS. The share options will have a five-year term expiring April 6, 2025, and will vest equally one third over a three-year vesting period.150,000 of the share options will vest on April 6, 2021 with an exercise price of NOK 35.- each 150,000 of the share options will vest on April 6, 2022 with an exercise price of NOK 52.50 each 250,000 of the share options will vest on April 6, 2023, with an exercise price of NOK 70.- eachThe exercise price will be adjusted for any distribution of dividends made before the relevant options are exercised.April 24, 2020The Board of DirectorsGolden Ocean Group Ltd.Hamilton, BermudFor further...

Please see attached Minutes of the RomReal 2020 AGM held today Friday 24 April 2020 at the Company’s registred office in Bermuda.Issuers of listed transferable securities are, according to the Securities Trading Act section § 5-11 required to provide Oslo Stock Exchange with a document listing all relevant information they have made available to the public over the preceding 12 months in compliance with their legal obligations.Attached is an overview of all information made available to the public from RomReal in the period 18 April 2019 until 24 April 2020.For further enquiries please contact:Harris PalaondasInvestor Relationsinvestors@romreal.com+40731123037This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading ActAttachmentsRR 2020 AGM mins – 240420_signedNe...

As previously informed, the global outbreak of COVID-19 and subsequent closure of PWT Group A/S’, now in restructuring, stores in mid-March have had a severe negative impact on the operational and financial performance of PWT Group A/S, now in restructuring, (a subsidiary to PWT Holding A/S) and PWT Holding A/S.Consequently, the Board of Directors of PWT Holding A/S has filed a petition for in-court restructuring under Danish law. Based on the petition, PWT Holding A/S has been taken under restructuring by the probate court.The aim of the in-court restructuring is to ensure a reorganization of the business to ensure the continued operation of the company.For further information, please contactPWT Holding A/SOle Koch Hansen, CEOTelephone: +45 40444130E-mail: ole@pwtgroup.dkClaus Back Nielsen, CFOTelephone: +45 25434611E-mail: cbn@pwtgroup.dkInformation:...