Month: September 2020

Net 1 Reports Fourth Quarter and Year End 2020 Results

Written by Customer Service on September 10, 2020. Posted in Earnings Releases And Operating Results.

JOHANNESBURG, South Africa, Sept. 10, 2020 (GLOBE NEWSWIRE) — Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS; JSE: NT1) today released results for the fourth fiscal quarter and year ended June 30, 2020.Q4 2020 Highlights and Recent Developments:At June 30, 2020, had unrestricted cash of $218 million and no debtRevenue of $26.0 million, excluding the impact of the 2019 SASSA implementation fee refund, was down year-over-year reflecting effects of the COVID-19 pandemic on fees and financial services;GAAP EPS of $(0.68) and Fundamental EPS of $(0.22); andOperating loss of $13.2 million and adjusted EBITDA loss of $12.2 million.Strategic Review:Following completion of the strategic review, our board has realigned Net1 to focus on, and invest in, its core competencies and portfolio of assets within the South African market. We aim to renew...

Vital Farms Reports Second Quarter 2020 Financial Results

Written by Customer Service on September 10, 2020. Posted in Earnings Releases And Operating Results.

Net Revenue Increased to $59.3 Million, up 84% Year-Over-YearGross Profit of $22.7 Million, Gross Margin up over 400 Basis Points Year-Over-YearNet Income of $5.9 Million, Compared to $2.8 Million Last YearAdjusted EBITDA of $9.3 Million, Compared to $4.4 Million Last YearAUSTIN, Texas, Sept. 10, 2020 (GLOBE NEWSWIRE) — Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, today reported financial results for its second quarter ended June 28, 2020.Russell Diez-Canseco, President and Chief Executive Officer of Vital Farms, commented, “We are pleased to report strong second quarter results following our successful IPO, driven in part by increased at-home consumption due to COVID-19. Our ability to keep grocery shelves stocked and consumers fed during this extraordinary...

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2021 Results

Written by Customer Service on September 10, 2020. Posted in Earnings Releases And Operating Results.

MITCHEL FIELD, N.Y., Sept. 10, 2020 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the first quarter of fiscal 2021 ended July 31, 2020 of $13.0 million, compared to revenues of $12.6 million for the first quarter of fiscal 2020, ended July 31, 2019. Operating loss for the first quarter of fiscal 2021 was $337,000 compared to an operating loss of $780,000 for the same period of fiscal 2020. Net loss from operations was $262,000 or ($0.03) per diluted share compared to a net loss of $591,000 or ($0.07) per diluted share for the first quarter of fiscal year 2020.FEI CEO Stan Sloane commented, “FEI has long been a proven provider of critical time and frequency systems for satellites and, given the increasing importance of space to the US military, this will be a growth...

Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering

Written by Customer Service on September 10, 2020. Posted in Public Companies.

SAN DIEGO, Sept. 10, 2020 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced the pricing of its offering of €350.0 million aggregate principal amount of 4.875% senior secured notes due 2025 (the “notes”), which was upsized by €50.0 million from €300.0 million, in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act).The notes will be senior secured obligations of the Company, and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company. The obligations of the Company and the guarantors will be secured, together with the...

SEEDO APPOINTS MR. ZVI OR-BACH TO THE COMPANY’S SCIENTIFIC ADVISORY BOARD

Written by Customer Service on September 10, 2020. Posted in Public Companies.

TEL AVIV, Sept. 10, 2020 (GLOBE NEWSWIRE) — Seedo Corp. (OTC: SEDO) (“Seedo” or the “Company”) announced today the appointment of Mr. Zvi Or-Bach to the Company’s Scientific Advisory Board (“SAB”) effective as of September 10, 2020. He will be based out of the Company’s headquarters in Israel.“Zvi joins Seedo with more than 40 years of experience and expertise.” said David Grossman, Seedo’s CEO. “He has proven talent in generating and initiating technology innovations. His experience in intellectual property strategic planning, writing and evaluating patents is enormous and will bring value to Seedo as a member of our Scientific Advisory Board. Zvi will be assisting the Company in building the company’s patent strategy and advising on potential new technologies, strategic collaborations, and potential joint ventures.”Mr....

Slam Acquires Copper Silver Gold Property

Written by Customer Service on September 10, 2020. Posted in Public Companies.

MIRAMICHI, New Brunswick, Sept. 10, 2020 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has acquired the Patapedia copper-silver-gold property located 10 km west of its wholly owned Menneval Gold project in northwestern New Brunswick. The Patapedia property is host to 3 mineral occurrences listed in the New Brunswick Department of Natural Resources database as Patapedia South, Patapedia Central, and Patapedia North zones. The current focus is on the copper-silver-gold mineralization in Patapedia South.The “PATAPEDIA SOUTH” prospect, also referred to as “The Copper Breccia Zone” was drilled by 13 holes in 1973. This limited drilling program tested the zone over a strike length of approximately 200 m and to a depth of 110 m with potential for extensions along strike and at...

Nordea follows the ECB recommendation on dividend

Written by Customer Service on September 10, 2020. Posted in Public Companies.

COPENHAGEN, Denmark, Sept. 10, 2020 (GLOBE NEWSWIRE) — Nordea Bank Abp – Stock exchange release – Other information disclosed according to the rules of the ExchangeOn 27 July 2020 the European Central Bank (ECB) extended its recommendation to banks not to pay dividends or buy back shares until 1 January 2021, from previously 1 October 2020. The Board of Directors of Nordea is authorised by the 2020 AGM to decide on a dividend payment of a maximum of EUR 0.40 per share for the financial year 2019 to be distributed in one or several instalments. Nordea is one of the best capitalised banks in Europe with capacity to distribute capital and support our customers. However, the Board of Directors also acknowledges the updated recommendation adopted by the ECB on 27 July 2020, and on 10 September 2020 the Board of Directors decided...

Solutions 30 Enters the Sbf 120 Index

Written by Customer Service on September 10, 2020. Posted in Public Companies.

Solutions 30 SE, the European leader in solutions for new technologies, enters the SBF 120 and CAC Mid 60 indices. This decision by the Euronext Paris Expert Indices Committee will be effective on September 18th, 2020, at the close of trading.The SBF 120 is one of the flagship indices of the Paris Stock Exchange. It includes the top 120 stocks listed on Euronext Paris in terms of liquidity and market capitalization.A few months after its transfer to Euronext Paris, joining these indices represents another important stock market milestone for Solutions 30. When the group was listed on Euronext Access in 2005, it had a market capitalization of €4.5 million. Four years later, it was valued at €56 million when its shares were transferred to Euronext Growth. On July 23rd, Solutions 30 joined Euronext Paris with a market capitalization of €1.5...

SOLUTIONS 30 INTEGRE LE SBF120

Written by Customer Service on September 10, 2020. Posted in Public Companies.

Solutions 30 SE, leader européen des Solutions pour les Nouvelles Technologies, rejoint les indices SBF 120 et CAC Mid 60. Cette décision du Conseil Scientifique des Indices d’Euronext Paris sera effective le 18 septembre 2020 à la clôture des marchés.Le SBF 120 est un des indices phares de la Bourse de Paris. Il regroupe les 120 premières valeurs cotées sur Euronext Paris en termes de liquidité et de capitalisation boursière.Quelques mois après son transfert sur Euronext Paris, l’entrée dans ces indices constitue une nouvelle étape boursière importante pour Solutions 30. Entré sur Euronext Access en 2005 avec une capitalisation de 4,5 M€, le Groupe était valorisé 56 M€ quatre ans plus tard lors du transfert de ses titres sur Euronext Growth. Le 23 juillet dernier, Solutions 30 a rejoint Euronext Paris avec une capitalisation boursière...

McEwen Mining Announces Closing of Financing

Written by Customer Service on September 10, 2020. Posted in Public Companies.

TORONTO, Sept. 10, 2020 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce that it has closed its previously announced “bought deal” private placement in the upsized amount of 6,298,166 common shares of the Company that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the “Flow-Through Shares”) at a price of US$1.65 (Cdn$2.18) per Flow-Through Share for total gross proceeds of US$10.4 million (Cdn$13.7 million). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner, and includes Roth Capital Partners, LLC, Red Cloud Securities Inc., and Maison Placements Canada Inc.The proceeds of this Offering will be used exclusively for generative...

Month: September 2020

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