Month: June 2020

CARMEL, Ind., June 30, 2020 (GLOBE NEWSWIRE) — Protective Insurance Corporation (NASDAQ: PTVCA, PTVCB), today announced that management has scheduled its quarterly conference call for Wednesday, August 5, 2020, at 11:00 AM ET (New York time) to discuss results for the second quarter ended June 30, 2020. Results will be released after the close of the financial markets on August 4, 2020, and will be available on the company’s website at www.protectiveinsurance.com upon release.To participate via teleconference, investors may dial 1-877-705-6003 (U.S./Canada) or 1-201-493-6725 (International or local) at least five minutes prior to the beginning of the call. A replay of the call will be available through August 12, 2020 by calling 1-844-512-2921 or 1-412-317-6671 and referencing passcode 13706248.Investors and interested parties...

A total of 5,953 hotels or 575,488 hotel rooms in operation and 2,375 unopened hotels in pipeline as of March 31, 2020. Excluding Deutsche Hospitality (“DH”), a total of 5,838 hotels or 552,362 hotel room in operation.Hotel turnover1decreased 32% year-over-year to RMB5 billion for the first quarter. Excluding DH, hotel turnover decreased 49%.Net revenues decreased 15.7% year-over-year to RMB2.0 billion (US$284 million)2for the first quarter, in line with revenue guidance previously announced of 15% to 20% decrease. Excluding DH, net revenue decreased 46.0% year-over-year.Due to the COVID-19 outbreak, net revenue of Legacy-Huazhu decreased by RMB1.1 billion year-over-year. We took cost mitigation measures to reduce costs and expenditures, but some measures to reduce rental, personnel costs and general and administrative expenses could only...

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto. The aggregate purchase price for the eight operating lease buyouts was approximately $123 million.The operating lease buyouts were financed, in part, by a draw on CAPREIT’s Acquisition and Operating Facility.  CAPREIT expects to replace the draw with CMHC-insured mortgage financing in the near-term.  In addition, certain vendors of the operating lease buyouts completed today elected to receive, in aggregate, approximately 633,000 in CAPREIT Limited Partnership Class B Units (“Class B LP Units”) at an agreed upon price of $48.00, with an aggregate value of $30.4 million. The Class B LP...

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it will issue its financial results for the three and six months ended June 30, 2020 after markets close on:Tuesday, August 11, 2020A conference call to discuss the results will be hosted by Mark Kenney, President and Chief Executive Officer and Scott Cryer, Chief Financial Officer on:Wednesday, August 12, 2020 at 10:00 am ETThe telephone numbers for the conference call are:North American Toll Free: (833) 714-0874International: (778) 560-2627

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) — DREAM UNLIMITED CORP. (“Dream” or the “Company”) (TSX: DRM) announced that, all resolutions considered by shareholders at its annual and special meeting of shareholders (the “Meeting”) of the Company held today have been approved.Election of Directors & Appointment of AuditorAt the Meeting, all of the nominees for election as directors of Dream referred to in the Management Information Circular of the Company dated May 15, 2020 (the “Circular”) were elected. Votes cast on this matter were as follows:At the Meeting, PricewaterhouseCoopers LLP was appointed as the auditor of Dream, and the directors of Dream were authorized to fix the remuneration of the auditor.Announcement of Share ConsolidationDream is also pleased to announce that the shareholders approved a special resolution (the...

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) — Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Company“) is pleased to announce that, further to its news release dated April 24, 2020, its subsidiary, Molimentales del Noroeste, S.A. de C.V. (“Molimentales“), has entered into a definitive agreement (the “Definitive Agreement“) with Peal de Mexico, S.A. de C.V. (“Peal“) to settle the existing arbitration proceedings between Peal and Molimentales in relation to the Company’s San Francisco gold mine located in Sonora, Mexico (the “Settlement“). Pursuant to the terms of the Definitive Agreement, Peal has agreed to the Settlement in exchange for aggregate consideration of approximately US$6,354,782.81 (plus value added taxes) (the “Consideration“)....

NEW HAVEN, Conn., June 30, 2020 (GLOBE NEWSWIRE) — Trevi Therapeutics, Inc. (“Trevi”), a clinical-stage biopharmaceutical company focused on the development and commercialization of nalbuphine ER to treat serious neurologically mediated conditions, today announced the election of Dominick C. Colangelo to Trevi’s Board of Directors.Mr. Colangelo joins Trevi’s Board with more than twenty years of executive management and corporate development experience in the biopharmaceutical industry, including nearly a decade with Eli Lilly and Company. He has served as President and Chief Executive Officer of Vericel since 2013. During his career, he has held a variety of executive positions of increasing responsibility in product development, pharmaceutical operations, sales and marketing, and corporate development. He has extensive experience...

 Appointment adds significant medical technology executive and board leadership experienceLYON, France, June 30, 2020 — EDAP TMS SA (Nasdaq: EDAP) (“the Company”), the global leader in robotic energy-based therapies, announced today that veteran medical technology executive Marie Meynadier has been elected to its Board of Directors, effective June 30, 2020, following a vote by the company’s shareholders. Ms. Meynadier has more than 20 years of experience in medical technology operations and leadership and most recently served as Chief Executive Officer of EOS Imaging.    Marc Oczachowski, Chairman and Chief Executive Officer of EDAP, commented, “Marie has broad experience as both senior executive and director in the medtech field, in particular in the capital equipment area, and we are very pleased that she has joined our Board....

REGINA, Saskatchewan, June 30, 2020 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today announced the voting results from its annual and special meeting of shareholders (the “Meeting”) held on June 30, 2020 in Regina, Saskatchewan.A total of 12,496,393 Class A Limited Voting Shares were represented at the Meeting, being 71.41 per cent of the Company’s issued and outstanding Class A Limited Voting Shares. Shareholders voted in favour of all matters, including the appointment of Deloitte LLP as auditor for the ensuing year, the election of its Board of Directors and amendments to the Company’s stock option plan.Director VotingThe following three members of the Board were appointed by the Lieutenant Governor In Council of the Province of Saskatchewan in lieu of Crown Investments Corporation...

NEW YORK, June 30, 2020 (GLOBE NEWSWIRE) —  Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), today announced its financial results for the full year ended December 31, 2019.Full Year 2019 Financial Highlights:Record revenue of $44 million, an increase of 23% year-over-yearGross profit of $34 million, an increase of 29% year-over-yearOperational Highlights:Phase I commenced operations in Jan 2018 and is comprised of 14 oil storage tanks with an aggregate oil storage capacity of 2.5 million barrels.Phase II construction commenced in September 2018 and is...