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Day: June 25, 2020

Park Lawn Corporation Announces $75 Million Bought Deal Offering of 5.75% Senior Unsecured Debentures

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.TORONTO, June 25, 2020 (GLOBE NEWSWIRE) — Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by CIBC Capital Markets and National Bank Financial Inc. under which the underwriters have agreed to purchase $75 million aggregate principal amount of listed senior unsecured debentures due December 31, 2025 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). PLC has also granted the underwriters an option to purchase up to an additional $11.25 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following closing of the Offering....

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MasterCraft’s Jan Morton Recognized by Boating Industry Magazine as a “Woman Making Waves”

VONORE, Tenn., June 25, 2020 (GLOBE NEWSWIRE) — MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”) today announced that Jan Morton, Vice President of Supply Chain, will be recognized as one of 25 Women Making Waves in 2020 by Boating Industry magazine in its upcoming June/July issue. The program, now in its third year, recognizes women in the recreational boating industry who are making contributions to its success and propelling growth, as well as leading their own organizations and peers into the future.“Jan is a standout in the recreational boating industry and her dedication to the field is extraordinary,” said Fred Brightbill, CEO and Chairman of MasterCraft Boat Holdings, Inc. “As a seasoned leader and mentor, she brings more than three decades of experience and demonstrates the impact one individual can have on...

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Verizon Accelerates 5G Network Deployment

BASKING RIDGE, N.J., June 25, 2020 (GLOBE NEWSWIRE) — Verizon continues to expand 5G Home Internet service across the country. Beginning today, customers in parts of Houston will have access to enhanced 5G Home service. The super fast Internet is perfect for those who are working from home, homeschooling kids, binging content or powering a smart home. Recently Verizon expanded 5G Home service to Detroit and enhanced service in Indianapolis and Los Angeles. By the end of 2020, 5G Home Internet will be available in 10 cities nationwide. 5G Home availability can be found here: verizonwireless.com/5g/home.New Network trials will accelerate 5G Home and mobile deployment to more placesVerizon recently partnered with Pivotal Commware, Inc., a Verizon Ventures portfolio company, to conduct trials in Dearborn, Michigan that improve 5G coverage...

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IntelGenx Announces Approval of Proposed Amendments to Convertible Debentures

SAINT LAURENT, Quebec, June 25, 2020 (GLOBE NEWSWIRE) — IntelGenx Technologies Corp. (TSX-V:IGX) (OTCQB:IGXT) (“IntelGenx” or the “Corporation”) today announced that the holders (“Debentureholders”) of its 8.0% convertible unsecured subordinated debentures due June 30, 2020, originally issued on July 12, 2017 and August 8, 2017 (the “Debentures”), have approved the proposed amendments to the Debentures at the convened meeting of debentureholders held today. As a result, the maturity date of the CDN$7,577,000 principal amount Debentures will be extended from June 30, 2020 to June 30, 2022 and the conversion price will be reduced from CDN$1.35 to CDN$0.50. The changes are expected to be effective as of June 30, 2020.As a result of the extension of the maturity date of the Debentures, the previously announced intention to repay the...

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Millicom Annual General Meeting of Shareholders

Millicom Annual General Meeting of ShareholdersLuxembourg, June 25, 2020 – Millicom International Cellular S.A. (“Millicom”) today held its Annual General Meeting of Shareholders (AGM). The AGM approved all of the resolutions proposed by the Board of Directors and Millicom’s Nomination Committee.The AGM approved the annual accounts and the consolidated accounts for the year ended December 31, 2019, and approved that the profit of USD 708,920,835 shall be allocated to the profit or loss brought forward account of Millicom.The AGM re-elected Mr. Odilon Almeida, Mr. Tomas Eliasson, Ms. Pernille Erenbjerg, Ms. Mercedes Johnson, Mr. Lars-Åke Norling, Mr. José Antonio Ríos García and Mr. James Thompson as Non-Executive Directors, and elected Mr. Mauricio Ramos as a new Executive Director of Millicom, for a term starting on the day of the AGM...

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Industrial Robots Market to Reach USD 66.48 billion by 2027; Integration of AI in Robots to Promote Growth, states Fortune Business Insights™

Pune, June 25, 2020 (GLOBE NEWSWIRE) — The global industrial robots market size is expected USD 66.48 billion by 2027, exhibiting a CAGR of 15.1% during the forecast period. The growing consumption of consumer goods will spur opportunities for the market during the forecast period, states Fortune Business Insights in a report, titled “Industrial Robots Market Size, Share & Industry Analysis, By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel and Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, and Others), By Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, and Others), and Regional Forecast, 2020-2027” the market size...

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Announcement of share buy-back procedure and beginning of share buy-back of INVL Baltic Real Estate

Taking into account resolution of the General Shareholders Meeting (hereinafter may be referred as the Meeting) of INVL Baltic Real Estate (hereinafter may be referred as the Company) that was held on 9 April 2020 on repurchase of own shares of the Company due to material changes in the incorporation documents of the Company and taking into account that an obligation has arisen for the Company to buy back the shares of the Company of shareholders opposing the decisions or not participating in the meeting or abstaining from voting, on 25 June 2020 the Management Company INVL Asset Management, UAB (hereinafter may be referred as the Management company) provides an approved detailed procedure for the buy-back of the Company’s shares, according to which the buy-back of the Company’s shares shall be carried out.The decision of the Board of...

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Skelbiama SUTNTIB „INVL Baltic Real Estate“ akcijų išpirkimo tvarka bei išpirkimo pradžios data

Vadovaujantis 2020 m. balandžio 9 d. SUTNTIB „INVL Baltic Real Estate“ (toliau gali būti vadinama Bendrove) visuotinio akcininkų susirinkimo (toliau – Susirinkimas) sprendimu dėl Bendrovės savų akcijų išpirkimo dėl Bendrovės esminių dokumentų pakeitimo ir atsiradus Bendrovės pareigai išpirkti Bendrovės akcijas iš sprendimams prieštaraujančių arba susirinkime nedalyvaujančių arba susilaikiusių nuo balsavimo akcininkų akcijas, 2020 m. birželio 25 d. Bendrovės Valdymo įmonė UAB “INVL Asset Management” (toliau gali būti vadinama Valdymo įmone) informuoja patvirtinusi detalią Bendrovės akcijų išpirkimo tvarką, kuria vadovaujantis bus atliekamas Bendrovės akcijų išpirkimas.Valdymo įmonės valdyba sprendimą priėmė ir Bendrovės akcijų išpirkimo procesą pradeda vykdyti įvykdžius šias dvi sąlygas: (i) nepriklausomi Bendrovės turto vertintojai pateikė...

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SEB comments on the decision from the Swedish Financial Supervisory Authority

SEB has received the decision by the Swedish Financial Supervisory Authority (FSA) following its supervisory review of SEB’s routines and processes with regards to the regulatory frameworks that govern anti-money laundering. The Swedish FSA has decided to issue SEB a remark, which is a lower degree of an administrative sanction that is issued when a breach has not been deemed to be serious. The FSA has also decided to issue SEB an administrative fine of SEK 1bn, which corresponds to about 14 percent of the maximum amount the FSA can impose in this case, as well as a precept to take certain measures to improve its transaction monitoring.The Swedish FSA has conducted its reviews in cooperation with the Baltic supervisory authorities. All Swedish and Baltic supervisory authorities have hereby concluded their reviews regarding SEB’s anti-money...

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SEB kommenterar Finansinspektionens beslut

SEB har tagit emot Finansinspektionens (FI) beslut till följd av myndighetens undersökning av SEB:s rutiner och processer gällande regelverken för arbetet mot penningtvätt. Finansinspektionen har beslutat att ge SEB en anmärkning, vilket är en lägre grad av sanktion som ges när överträdelsen inte bedöms som allvarlig. Myndigheten har också beslutat att ge SEB en sanktionsavgift på 1 miljard kronor, vilket motsvarar cirka 14 procent av det maxbelopp som FI kan utfärda i detta ärende, samt ett föreläggande att göra vissa åtgärder för att förbättra sin övervakning av transaktioner.  – SEB kommer nu att analysera beslutet och återkomma med bankens syn. Vi strävar alltid efter att leva upp till gällande regelverk och egna högt ställda krav. Vi utvecklar kontinuerligt bankens förmågor att förebygga, upptäcka och rapportera misstänkt penningtvätt...

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