Day: May 15, 2020

EXTON, Pa., May 15, 2020 (GLOBE NEWSWIRE) — Omega Flex, Inc. (Nasdaq:OFLX) (the “Company”) will host a virtual annual meeting of shareholders at 1:00 p.m. EDT, Wednesday, June 3, 2020. The Company’s board of directors considered public health concerns resulting from COVID-19, and protocols issued by federal, state and local governments, in its decision to host a virtual meeting rather than offering an option to attend in-person. For the health and safety of shareholders, the meeting will be solely by means of remote communication via audio webcast.As described in the proxy materials for the Annual Meeting previously distributed, shareholders are entitled to participate in the Annual Meeting if they were a either a “registered shareholder” at the close of business on April 6, 2020, the record date, or if they hold a legal proxy for...

ASHBURN, Va., May 15, 2020 (GLOBE NEWSWIRE) — Telos® Corporation, a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced the full conclusion of litigation commenced in 2005 by the two plaintiffs, Costa Brava Partnership III, L.P. and Wynnefield Partners Small Cap Value, L.P.  While the circuit court found in favor of Telos, dismissing all remaining claims against the defendants on December 18, 2019, Costa Brava noted an appeal of the circuit court’s final judgment to the Court of Special Appeals of Maryland on January 17, 2020. Co-Plaintiff Wynnefield elected not to join Costa Brava in its appeal.  On May 12, 2020, Costa Brava filed a notice dismissing its appeal, prior to any briefing by the parties. The dismissal of the appeal by Costa Brava fully...

Due to the COVID-19 pandemic and the restrictions imposed, Novaturas Group has suspended its operations since the second half of March. Restrictions imposed have resulted in Novaturas Group not generating turnover in April this year. During the same period in 2019, the Company has reached a turnover of EUR 14.4 million and served 23.7 thousand travellers.In order to manage the situation caused by COVID-19, Novaturas Group has taken strict cost-saving measures, negotiated with business partners abroad, and uses a state aid measure that allows it to compensate part of the employees’ salaries. The company is also expecting the final decisions of the Lithuanian government on aid measures to ensure liquidity. While expecting state aid, the Company is also looking for alternative sources of financing.In assessing possible future scenarios,...

Dėl COVID-19 sukeltos pandemijos ir jai įveikti įvestų apribojimų „Novaturo“ grupė nuo kovo mėn. antrosios pusės tebėra laikinai sustabdžiusi kelionių organizavimą. Dėl pandemijos įvesti apribojimai lėmė, kad 2020 m. balandį bendrovė nesugeneravo apyvartos, kai tuo metu pernai ji sudarė 14,4 mln. eurų, aptarnautų klientų skaičius siekė 23,7 tūkst.Valdydama COVID-19 sukeltą situaciją, „Novaturo“ grupė ėmėsi griežto kaštų taupymo veiksmų, derasi su verslo partneriais užsienio šalyse, naudojasi valstybės teikiama pagalbos priemone, kuri leidžia kompensuoti dalį darbuotojų darbo užmokesčio. Bendrovė taip pat laukia galutinių Lietuvos vyriausybės sprendimų dėl pagalbos priemonių turizmo verslo likvidumui užtikrinti, kuriomis ketina naudotis, ieško alternatyvių finansavimo šaltinių.Vertindama galimus ateities scenarijus, Bendrovė remiasi atsakingų...

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCHSinch held its annual general meeting on Friday 15 May 2020 at 2.00 p.m. in the meeting venue Kungsholmen 2, Hotell Courtyard by Marriott Stockholm, Rålambshovsleden 50, Stockholm, Sweden.Adoption of financial statements, appropriation of the company’s profit or loss and discharge from liabilityThe meeting adopted the presented profit and loss statement and balance sheet as well as the consolidated profit and loss statement and consolidated balance sheet.In accordance with the proposal of the board of directors, the meeting resolved to not pay any dividend for the financial year 2019.The meeting further resolved to grant discharge from liability of the members of the board of directors, the CEO and the deputy CEO for the financial year 2019.Election of members of the board of directors,...

Stockholm, Sverige – Sinch AB (publ) – XSTO: SINCHSinch höll fredagen den 15 maj 2020 kl. 14.00 årsstämma i lokalen Kungsholmen 2, Hotell Courtyard by Marriott Stockholm, Rålambshovsleden 50, Stockholm.Fastställelse av resultat- och balansräkningar, dispositioner beträffande bolagets resultat och ansvarsfrihetStämman beslutade att fastställa framlagda resultat- och balansräkningar samt koncernresultaträkning och koncernbalansräkning.I enlighet med styrelsens förslag beslutades att inte lämna någon utdelning för räkenskapsåret 2019.Stämman beslutade vidare om ansvarsfrihet för styrelsen, den verkställande direktören och den vice verkställande direktören för räkenskapsåret 2019.Val av styrelse, styrelseordförande och revisorerÅrsstämman beslutade, i enlighet med valberedningens förslag, att styrelsen ska bestå av fem stämmovalda ledamöter...

OTTAWA, May 15, 2020 (GLOBE NEWSWIRE) — Tetra Bio-Pharma Inc. (“Tetra” or the “Company”) (TSXV:TBP) (OTCQB:TBPMF), is pleased to announce that, in connection with its previously announced overnight marketed offering, a syndicate of agents led by Raymond James Ltd. and Canaccord Genuity Corp. (collectively, the “Agents”), have agreed to sell 33,089,000 units (“Units”) of the Company at a price of $0.26 per Unit (the “Issue Price”) for aggregate gross proceeds of approximately $8.6 million (the “Offering”). Each Unit will consist of one common share in the capital of Tetra (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.32 for a period of 36 months from the closing date of...

(UPM, Helsinki, 15 May 2020 at 17:40 EET) – UPM is proceeding at full speed with its investment project in Uruguay and has taken several steps forward. UPM and the new Government of Uruguay have signed a memorandum of understanding on pending items related to UPM’s growth project in Uruguay that will further strengthen the implementation of UPM’s growth project and existing operations in Uruguay as well as the local economy.Especially in the context of the COVID-19 pandemic and its potential impacts on Uruguayan society, UPM and the Government of Uruguay recognize the critical importance of ensuring the implementation of the project and realizing its benefits for the Uruguayan economy.Both parties are fully committed and implementing the existing investment agreement signed between UPM and the previous Government of Uruguay in November...