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Month: May 2020

Sprague Resources LP Announces Signing of $1.18 Billion Senior Secured Amended and Restated Credit Facility

PORTSMOUTH, N.H., May 21, 2020 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP), the parent company of Sprague Operating Resources LLC and Kildair Service ULC (the “Borrowers”), announced today the signing of a second amended and restated senior secured credit agreement with MUFG Bank, LTD, as Administrative Agent, MUFG Bank LTD. and BNP Paribas as Co-Collateral Agents, BNP Paribas, Citizens Bank, N.A., Société Générale, Wells Fargo Bank, N.A. and Coöperatieve Rabobank U.A., New York Branch, as Co-Syndication Agents, ABN AMRO Capital USA LLC and Santander Bank, N.A., as Co-Documentation Agents and MUFG Bank LTD, BNP Paribas, Citizens Bank, N.A., Société Générale, Wells Fargo Securities, LLC and Coöperatieve Rabobank U.A., New York Branch as Joint Lead Arrangers and Joint Bookrunners and financial institutions party...

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Radware Announces New Appointment to Its Board of Directors

TEL AVIV, Israel, May 21, 2020 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that it has appointed Mr. Gabi Seligsohn to serve as an independent director of Radware’s Board of Directors.  Mr. Seligsohn will serve as a member of the Board until the company’s next annual meeting of shareholders when his appointment will be up to a shareholder vote.“Mr. Seligsohn brings a wealth of experience to Radware’s board,” said Yehuda Zisapel, Chairman of Radware’s Board of Directors.  “His proven track record in managing successful businesses brings a valuable perspective to Radware’s strategy as we remain focused on delivering value to our customers, employees, and shareholders.”“I’m honored to join the Board of Directors of Radware and look...

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AEDAS Homes reports quarterly profit of €3.2 million and confirms its solid financial position

AEDAS Homes reports quarterly profit of €3.2 million and confirms its solid financial positionRevenues increased fivefold to €70 million, thanks to the delivery of 167 homesGross margin came in at 28.4%, at the upper end of the expected rangeThe company faces the present scenario with sales coverage that will secure close to €1 billion in revenue over the next two years      May 2020.- AEDAS Homes, a leading developer in Spain’s new real estate cycle, reported €3.2 million in profit during its three-month fiscal year 2020 Results presentation, compared to a loss of €3.5 million reported for the same period a year ago. Thanks to the delivery of 167 homes, the developer brought in revenues of €70 million in the first three months of 2020, five times its revenues of €14 million in the same period in 2019. Gross margin came in at 28.4%, once...

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Wisdomtree Brent Crude Oil 3x Daily Short Securities LSE Code: 3BRS

21 May 2020LEI: 2138003QW2ZAYZODBU23LSE Code: 3BRSWISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY(a public company incorporated with limited liability in Ireland)WISDOMTREE BRENT CRUDE OIL 3X DAILY SHORT SECURITIESPROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED SECURITIESMEETING OF THE ETP SECURITYHOLDERSTHIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.NOTICE is hereby given that, pursuant to the provisions of the trust deed dated 16 October 2015 (as amended) constituting (inter alia) the WisdomTree Brent Crude Oil 3x Daily Short Securities (the “Affected Securities” with ISIN IE00BYTYHR65) and made between (1) WisdomTree Multi Asset Issuer Public Limited Company (the “Issuer”), (2)...

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Acron Group’s Q1 2020 IFRS EBITDA Up 11% Quarter-on-Quarter

21 May 2020Acron Group’s Q1 2020 IFRS EBITDA Up 11% Quarter-on-QuarterToday, Acron Group (Moscow Exchange and LSE: AKRN) released its consolidated IFRS financial statements for Q1 2020.Key Financials (USD equivalent)Revenue was USD 423 million, down 5% year-on-year (up 7% quarter-on-quarter).EBITDA* was USD 110 million, down 31% year-on-year (up 11% quarter-on-quarter).Net loss was USD 153 million (Q1 2019: profit of USD 133 million, Q4 2019: profit of USD 30 million). The loss was primarily generated by non-cash items, namely a USD 148-million foreign exchange loss from revaluation of foreign currency-denominated assets and liabilities, due to a slump in the dollar to rouble exchange rate in the reporting period.Net debt was up 4% to USD 1,258 million from USD 1,215 million.Net debt/LTM EBITDA** was 2.5, up from 2.2.Operating ResultsOutput...

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Share Buyback Transaction Details May 14 – 20, 2020

Share Buyback Transaction Details May 14 – 20, 2020May 21, 2020 – Wolters Kluwer today reports that it has repurchased 60,176 its own ordinary shares in the period from May 14, 2020, up to and including May 20, 2020, for €4.0 million and at an average share price of €65.94.These repurchases are part of the share buyback program announced on February 26, 2020, under which we intend to repurchase shares for up to €350 million during 2020.The cumulative amounts repurchased to date under this program are as follows:Share Buyback 2020For the period starting May 7, 2020, up to and including August 3, 2020, we have engaged a third party to execute €50 million of buybacks on our behalf, within the limits of relevant laws and regulations (in particular Regulation (EU) 596/2014) and the company’s Articles of Association.Repurchased shares...

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BIC :Assemblée Générale Mixte et Conseil d’Administration 20 mai 2020

                               POUR PUBLICATION IMMÉDIATE                                             Assemblée Générale Mixte et Conseil d’Administrationde SOCIÉTÉ BIC du 20 mai 2020Versement d’un dividende ordinaire de 2,45 euros par actionClichy, France, 20 mai 2020 – Dans le contexte de l’épidémie de COVID-19, l’Assemblée Générale Mixte des actionnaires de SOCIÉTÉ BIC s’est tenue mercredi 20 mai 2020  à Clichy à huis clos, hors la présence physique de ses actionnaires.Elle a été présidée par M. Timothée BICH, administrateur.L’Assemblée a approuvé le versement, à compter du 3 juin 2020, d’un dividende ordinaire de 2,45 euros par action.Toutes les résolutions proposées ont été adoptées, parmi lesquelles :les comptes de l’exercice 2019 ;les autorisations à donner au Conseil d’Administration d’opérer sur les actions de la Société (rachats...

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Bic : AGM 2020 and Board of Directors

FOR IMMEDIATE RELEASE                                            May 20, 2020 Annual General Meeting and Board of DirectorsPayment of 2.45 euros ordinary dividend per shareClichy, France, 20 May 2020 – In the current environment of the COVID-19 epidemic, SOCIÉTÉ BIC Annual General Meeting was held on Wednesday, May 20, 2020 in Clichy, France, behind closed doors, without the physical presence of its shareholders.It was chaired by Mr. Timothée BICH, director.The Shareholders’ Meeting approved the payment, from June 3, 2020, of an ordinary dividend amount of 2.45 euros per share, and all the proposed resolutions, among them:the financial statements for 2019;the authorizations to be given to the Board of Directors to undertake operations with regards to the shares of the Company (share buyback and cancellation);the authorization to be given...

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The reorganization plan of Baltika was accepted by the creditors

On 27 March 2020, Aktsiaselts BALTIKA (hereinafter „Baltika“) announced to the public that it submitted a reorganization application to Harju County Court and on 26 March 2020, the court decided by a ruling to commence reorganization proceedings.On 30 April 2020, Baltika announced that it had submitted a reorganization plan prepared in Baltika’s reorganization proceedings for acceptance to the creditors. Baltika also published a brief summary of the reorganization plan. The creditors were asked to cast their vote on the reorganization plan no later than on 20 May 2020.In connection with the above, Baltika announces that as a result of the voting, the reorganization plan is accepted by the creditors. On the basis of the reorganization plan of Baltika, the creditors were in two groups and also the voting therefore took place in two groups....

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Baltika saneerimiskava võeti võlausaldajate poolt vastu

27. märtsil 2020 teavitas Aktsiaselts BALTIKA (edaspidi „Baltika“) avalikkust, et esitas Harju Maakohtule avalduse saneerimismenetluse algatamiseks ning 26. märtsi 2020. a määrusega otsustas kohus saneerimismenetluse algatada.30. aprillil 2020 teavitas Baltika, et on esitanud Baltika saneerimismenetluses koostatud saneerimiskava võlausaldajatele vastuvõtmiseks. Samuti avalikustas Baltika lühikokkuvõtte saneerimiskavast. Võlausaldajatel oli võimalik saneerimiskava osas anda oma hääl hiljemalt 20. mail 2020.Eelnevaga seoses annab Baltika teada, et toimunud hääletuse tulemusena on saneerimiskava võlausaldajate poolt vastu võetud. Baltika saneerimiskava alusel olid võlausaldajad kahes rühmas ja ka hääletus toimus seetõttu kahes rühmas. I rühma võlausaldajatest hääletas poolt 66,67% võlausaldajatest, kelle nõuete mahu alusel määratud hääled...

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