Month: June 2020

INDIANAPOLIS, June 18, 2020 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE:KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.052 per common share for the quarter ending June 30, 2020. This distribution will be paid on or about July 9, 2020, to shareholders of record as of July 2, 2020.Additionally, the Company repaid $100 million of the outstanding balance on its credit facility with cash on hand, thereby lowering the outstanding amount on its $600 million credit facility to $200 million.About Kite Realty Group TrustKite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community,...

COLUMBUS, Ohio, June 18, 2020 (GLOBE NEWSWIRE) — L Brands, Inc. (NYSE: LB) announced today the closing of its previously announced offering to sell $750 million aggregate principal amount of 6.875% senior secured notes due 2025 (the “Secured Notes”) and $500 million aggregate principal amount of 9.375% senior notes due 2025 (the “Unsecured Notes” and, together with the Secured Notes, the “Notes”) in a private placement offering to eligible purchasers.The Notes are not being registered under the Securities Act of 1933 (the “Securities Act”) or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. The Notes may be resold by the initial purchasers pursuant to...

LOS ANGELES, June 18, 2020 (GLOBE NEWSWIRE) — Omni-Lite Industries Canada Inc. (the “Company”) is pleased to announce today that it received a new follow-on order valued in excess of US$200,000 from a premier US defense contractor in support of Patriot Advanced Capability Interceptor (PAC-3).  The Company will produce advanced high-speed analog electronic components under this award and expect to deliver over the next 16 months.“This award is an affirmation of our capability to design and deliver advanced high reliability electronics, and we are proud to support one of the most capable and powerful terminal air defense missiles in the world.  Our high-speed analog electronics technology responds to needs of high bandwidth precision electronic weapons systems and look to gain product insertion onto other current and development systems,”...

Exceeds Earnings Guidance for the First QuarterIncreases Guidance for 2020VIRGINIA BEACH, Va., June 18, 2020 (GLOBE NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced the results of its first quarter ended March 28, 2020.  For the first quarter of 2020, total reported revenue for Franchise Group was $592.6 million, GAAP Net Income was $61.9 million or $2.51 per share, Proforma Adjusted EBITDA was $112.2 million and Non-GAAP EPS was $2.11 per share.  In calculating GAAP EPS, the Company utilized 23.7 million weighted average fully diluted shares outstanding for the first quarter.  In calculating Non-GAAP EPS and formulating guidance, the Company utilized 35.1 million fully diluted shares outstanding.  The Company ended the quarter with $147 million in cash and outstanding debt of...

NEW YORK, June 18, 2020 (GLOBE NEWSWIRE) — BeyondSpring Inc. (the “Company” or “BeyondSpring”) (Nasdaq: BYSI), a global biopharmaceutical company focused on the development of innovative immuno-oncology cancer therapies, today announced the launch of an underwritten public offering of its ordinary shares. The Company also expects to grant the underwriters an option to purchase up to an additional 15% of the ordinary shares being offered. The Company also intends to sell additional ordinary shares to entities affiliated with Decheng Capital in a separate private placement transaction. The Company intends to use the net proceeds of this offering and the private placement to support the commercialization of Plinabulin, continued clinical and pre-clinical development and for general corporate purposes.Jefferies and William Blair will...

SOUTH SAN FRANCISCO, Calif., June 18, 2020 (GLOBE NEWSWIRE) — CareDx, Inc. (Nasdaq: CDNA), a leading precision medicine company focused on the discovery, development and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers, today announced that the underwriters of its previously announced public offering of common stock have exercised in full their option to purchase an additional 585,937 shares of common stock at the public offering price of $32.00 per share, less underwriting discounts and commissions, for additional net proceeds to CareDx of approximately $17.6 million.  The option was granted in connection with the public offering of 3,906,250 shares of common stock at a public offering price of $32.00 per share, which closed on June 15, 2020.After giving effect...

FAYETTEVILLE, Ark., June 18, 2020 (GLOBE NEWSWIRE) — White River Bancshares Company (OTCQX: WRIV), (the “Company”) the holding company for Signature Bank of Arkansas (the “Bank”), today announced the hiring of Edward (“Ed”) P. Riendeau as its new Chief Financial Officer, succeeding Russell W. Nugent, Jr., who recently announced his retirement.  “We are delighted to have Ed join our executive management team as Chief Financial Officer and Executive Vice President,” said Gary Head, President and Chief Executive Officer.  “Ed brings over 20 years of demonstrated leadership and comprehensive accounting and audit experience.  As a member of the Bank’s executive team, Ed will be responsible for overseeing all of the finance and accounting activities for the organization while providing and supporting strong strategic leadership.  He is...

MONTREAL, June 18, 2020 (GLOBE NEWSWIRE) — Bombardier announced today that all candidates in the Management Proxy Circular dated May 6, 2020 were elected as directors of Bombardier Inc. during its annual meeting of shareholders, which was held in Montreal earlier today. The detailed results of the ballot for the election of directors are below.Election of DirectorsFollowing a vote, each of the following 13 candidates proposed by management was elected a director of Bombardier: About BombardierWith nearly 60,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.Headquartered...

MONTRÉAL, 18 juin 2020 (GLOBE NEWSWIRE) — Bombardier a annoncé aujourd’hui que tous les candidats figurant dans la circulaire de sollicitation de procurations de la direction datée du 6 mai 2020 ont été élus administrateurs de Bombardier lors de son assemblée annuelle ayant eu lieu plus tôt aujourd’hui à Montréal. Les résultats détaillés du scrutin pour l’élection des administrateurs se trouvent ci-dessous.Élection des administrateursÀ l’issue d’un scrutin, chacun des 13 candidats suivants proposés par la direction a été élu administrateur de Bombardier :À propos de Bombardier Avec près de 60 000 employés répartis entre deux secteurs d’activité, Bombardier est un leader mondial de l’industrie du transport, créant des avions et des trains novateurs qui changent la donne sur leur marché. Nos produits et nos...