Day: July 27, 2020

/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./TORONTO, July 27, 2020 (GLOBE NEWSWIRE) — Urbana Corporation (“Urbana” or the “Corporation”) (TSX & CSE: URB & URB.A) today announced its intention to invest up to $20 million in the Series I units (the “Investment”) of Caldwell Canadian Value Momentum Fund (“CVM”), which is managed by Caldwell Investment Management Ltd. (“CIM”). CIM is the Urbana portfolio manager and is controlled by Thomas S. Caldwell, the chief executive officer and principal shareholder of Urbana.Due to these relationships, the independent directors of the Corporation (the “Independent Committee”) acting as a committee of the Corporation’s Board were charged with assessing and with formulating a recommendation on the Investment.  In making its determination to recommend the...

DUNKIRK, N.Y., July 27, 2020 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.4 million, or $0.23 per diluted share, for the second quarter of 2020 compared to net income of $805,000, or $0.13 per diluted share, for second quarter of 2019. For the first six months of 2020, the Company reported unaudited net income of $2.1 million, or $0.35 per diluted share, compared to $1.7 million, or $0.28 per diluted share, for the first six months of 2019.COVID 19 Pandemic UpdateDuring the second quarter of 2020, the Company continued to be actively engaged in its response to the COVID-19 pandemic. The Bank originated 245 Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans for our customers,...

Christian Dior shows good resilience in the first half of 2020Paris, July 27, 2020The Christian Dior group recorded revenue of 18.4 billion euros in the first half of 2020, down 27%. On an organic* basis, revenue declined 28% compared to the same period in 2019. The Group has proven its ability to be resilient in an economic environment severely disrupted by the serious health crisis that has led to the suspension of international travel and the closure of its stores and manufacturing sites in most countries over a period of several months. The Christian Dior group’s priority has been and remains the safety of its employees and customers. The Group teams have demonstrated their strong commitment in dealing with this unprecedented situation and efforts to adapt to the current environment are actively underway in order to control...

Bonne résistance de Christian Dior au premier semestre 2020Paris, le 27 juillet 2020Le groupe Christian Dior réalise au premier semestre 2020 des ventes de 18,4 milliards d’euros, en recul de 27 %. A périmètre et devises comparables, les ventes sont en baisse de 28 % par rapport à la même période de 2019. Le Groupe témoigne d’une bonne capacité de résistance dans un environnement économique fortement perturbé par la grave crise sanitaire ayant entraîné l’arrêt des voyages internationaux et la fermeture de ses boutiques et de ses sites de production dans la plupart des pays durant plusieurs mois. La priorité du groupe Christian Dior a été et demeure la sécurité de ses collaborateurs et de ses clients. Les équipes du Groupe ont témoigné d’un engagement fort pour faire face à cette situation sans précédent alors que des efforts d’adaptation...

ONEONTA, Ala., July 27, 2020 (GLOBE NEWSWIRE) — Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its second quarter 2020 financial and operational results after the close of trading on Tuesday, August 4, 2020.  The Company will hold a conference call to discuss these results on Wednesday, August 5, 2020, at 11:30 a.m. (Eastern Time).  To listen to the call, participants should dial (856) 344-9299 approximately 10 minutes prior to the start of the call.  A telephonic replay will be available from 2:30 p.m. (Eastern Time) on August 5, 2020, through August 14, 2020, by dialing (719) 457-0820 and entering Confirmation Code 4356750.The live broadcast of Otelco’s quarterly conference call...

Lannion, July 27, 2020 – 7:00pm2020 first-half revenues (erratum1)The LUMIBIRD Group, the European leader for laser technologies, limited its 2020 first-half business contraction to -10.6%, with consolidated revenues of €46.2m. Over the period, marked by the COVID-19 epidemic, Lumibird continued to take orders and develop new projects and products, and finalized the acquisition of the laser and ultrasound activities of the Australian firm Ellex on June 30. Including this acquisition from January 1, pro forma revenues at June 30 represent €65m.Consolidated revenues (unaudited)1 Organic change: at constant exchange rates and like-for-like2 Including Ellex at January 1, 2020The Lumibird Group’s consolidated revenues came to €46.2m for the first half of 2020, down 10.6%. Like-for-like and at constant exchange rates, taking into account the...

Lannion, le 27/07/2020 – 19h00chiffre d’affaires du 1ersemestre 2020 (erratum1)Le Groupe LUMIBIRD, leader européen des technologies laser, limite à -10,6% le repli de son activité au 1ersemestre 2020, avec un chiffre d’affaires consolidé de 46,2 M€. Sur la période, marquée par l’épidémie de COVID-19, Lumibird a continué de prendre des commandes, de développer de nouveaux projets et produits et a finalisé le 30 juin l’acquisition des activités laser et ultrasons de l’australien Ellex. En intégrant cette acquisition depuis le 1erjanvier, le chiffre d’affaires pro forma au 30 juin s’élève à 65 M€.Chiffre d’affaires consolidé (non audité)1 variation organique : à taux de change et périmètre constants2 en intégrant Ellex au 1er janvier 2020Le chiffre d’affaires consolidé du Groupe Lumibird s’établit à 46,2 M€ au 1er semestre 2020, en...

Hlutafjárútboði Klappa er lokið og skrifuðu áskrifendur sig fyrir 4.085.484 hluta í B-flokki og er söluandvirðið þeirra 63.325.002 kr. Gengi bréfanna var 15,50. Hlutirnir skulu gefnir út rafrænt og skráðir hjá Verðbréfaskráningu Íslands í kjölfar skráningar hjá Fyrirtækjaskrá. Eftir aukningu verður heildarhlutafé 138.112.145, þar af 50.000.000 hluta í A-flokki og 88.112.145 hluta í B-flokki. Um lokað hlutafjárútboð var að ræða í umsjón Fyrirtækjaráðgjöf Íslandsbanka.Á aðalfundi félagsins þann 2. apríl 2020 var samþykkt heimild til stjórnar félagsins til að ákveða hækkun á hlutafé félagsins í B-flokki hlutabréfa um allt að kr. 50.000.000 að nafnvirði og gildir sú heimild í 18 mánuði frá samþykkt hluthafafundar.Nánari upplýsingar veita Jón Ágúst Þorsteinsson, forstjóri Klappa s. 6649200og Rafn Árnason, Fyrirtækjaráðgjöf Íslandsbanka, s. ...

Leverkusen, Germany, July 27, 2020 (GLOBE NEWSWIRE) — The Management Board of Biofrontera AG (NASDAQ ticker symbol: BFRA, ISIN: DE0006046113), today resolved, with the approval of the Supervisory Board, to issue a qualified subordinated mandatory convertible bond subject to the granting of statutory subscription rights.The qualified subordinated mandatory convertible bond will mature on December 20, 2021, bears interest at 1% p.a. and consists of up to 2,638,150 bonds with a principal amount of EUR 3.00 each and a total principal amount of up to EUR 7,914,450.In accordance with the terms and conditions of the convertible bonds, each of these convertible bonds can be converted into no-par ordinary registered shares of the company with a notional interest in the share capital of EUR 1.00 per share and a right to dividends from the...