Day: March 12, 2021

TORONTO, March 12, 2021 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI, GR: RMJR) is pleased to announce that it is launching a new security product, DeFi Governance. DeFi Governance seeks to work with decentralized networks, running nodes to provide governance to networks and validate transactions globally.DeFi Technologies’ initial partnership with Shyft Network contributors will be for DeFi Technologies to openly implement node servers for their KYC decentralized network with the intention of becoming one of the initial globally-distributed set of governance parties. The Shyft Network is building the first of its kind identity layer for decentralized finance so that participants and transacting institutions can provide additional transparency by identifying both sides of a transaction...

PITTSBURGH, March 12, 2021 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today confirmed that on March 11, 2021 it delivered to Coherent, Inc.’s (Nasdaq: COHR) Board of Directors a revised proposal to acquire all of the outstanding shares of Coherent common stock in a cash and stock transaction. Coherent’s Board of Directors has informed II-VI that it deems II-VI’s March 11, 2021 proposal superior to Coherent’s March 9, 2021 merger agreement with Lumentum Holdings Inc.Under the terms of the revised II-VI proposal, Coherent’s shareholders would receive $195.00 in cash and 1.0 II-VI common share for each Coherent common share, which implies a total enterprise value of $6.8 billion and total per share consideration of $272.68 based on the 10-day volume weighted...

MONTREAL, March 12, 2021 (GLOBE NEWSWIRE) — Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announced today that the Company is in the process of finalizing its financial results for the fourth quarter and year ended December 31, 2020, which will be released on March 25th, 2021. As a result of extraordinary items in its Cleantech business segment and due to the impact of the Covid-19 pandemic, Xebec no longer expects to achieve its previous full year 2020 revenue guidance of $70 to $80 million. While the financial review remains ongoing, revenues for the full year are expected to be approximately $57 million. Full year 2020 gross margin is expected to be in the range of negative $1.0 million to positive $1.0 million. SG&A expenses in Q4 2020 are expected to be between $15 and $16 million....

MONTRÉAL, 12 mars 2021 (GLOBE NEWSWIRE) — Xebec Adsorption Inc. (TSX : XBC) (« Xebec »), fournisseur mondial de solutions d’énergie propre, a annoncé aujourd’hui que la Société est en voie de finaliser ses résultats financiers du quatrième trimestre et de l’exercice clos le 31 décembre 2020, qui seront publiés le 25 mars 2021. En raison d’éléments extraordinaires qui touchent son segment des technologies propres ainsi que de l’incidence de la pandémie de COVID-19, Xebec ne prévoit plus atteindre ses prévisions antérieures concernant les revenus de l’exercice complet de 2020, soit des revenus de 70,0 à 80,0 millions de dollars. Bien que l’examen financier ne soit pas terminé, les revenus pour l’exercice complet devraient s’élever à environ 57,0 millions de dollars. La marge brute pour l’exercice complet de 2020 devrait varier d’une...

SANTA CLARA, Calif., March 12, 2021 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced that its Board of Directors has approved a 9-percent increase in the quarterly cash dividend from $0.22 to $0.24 per share payable on the company’s common stock. The dividend is payable on June 17, 2021 to shareholders of record as of May 27, 2021.“We are excited about our growth opportunities as we help accelerate major technology inflections for our customers,” said Gary Dickerson, Applied Materials president and CEO. “The dividend increase reflects the strength of our financial position, which enables us to fuel innovation and provide attractive cash returns to shareholders.”The quarterly cash dividend is a key component of Applied’s capital allocation strategy, and this marks the fourth consecutive year of dividend increases.About...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES  CALGARY, Alberta, March 12, 2021 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) will release its fourth-quarter and year-end 2020 results on Thursday, March 25, 2021 prior to markets opening.Chief Executive Officer Alfred Sorensen and Chief Financial Officer Rob Dargewitcz will discuss the financial results and Company developments at 8:30 a.m. (MST) /10:30 a.m. (EST).Members of the investment community, shareholders and other interested parties are invited to participate by calling toll-free 1-888-231-8191, Calgary 403-451-9838, or Toronto 647-427-7450. Please dial in 10 minutes prior to the start of the call. No pass code is required. A live webcast of the teleconference will be available via the following...

COLUMBUS, Ohio, March 12, 2021 (GLOBE NEWSWIRE) — L Brands, Inc. (NYSE: LB) today announced actions it is taking to further enhance shareholder value. The company’s Board of Directors has authorized the following:The repayment of $1.035 billion of debt through a call of all $285 million of the outstanding bonds due February 15, 2022 and all $750 million of the outstanding secured bonds due July 1, 2025. The company issued this call on March 12, 2021 and anticipates using $1.1 billion in cash to complete the debt repayment.A new $500 million share repurchase plan (which includes the company’s entry into a Rule 10b5-1 repurchase plan to effectuate share repurchases up to $250 million). This plan replaces the remaining $79 million under the previously authorized program.A reinstatement of the company’s annual dividend at $0.60 per...

SAN DIEGO, March 12, 2021 (GLOBE NEWSWIRE) — Progenity, Inc. (NASDAQ: PROG), a biotechnology company with an established track record of success in developing and commercializing molecular testing products, today announced that it will report fourth quarter and full year 2020 financial results on Thursday, March 18, 2021 after the close of financial markets. Progenity’s management will host a webcast and conference call at 4:30 p.m. ET / 1:30 p.m. PT that day to discuss the financial results and provide a corporate update.The live call may be accessed by dialing 833-519-1237 for domestic callers and 914-800-3810 for international callers and entering the conference code: 9677695. A live webcast and archive of the call will be available online from the investor relations section of the company website at www.progenity.com.About ProgenityProgenity,...

NORTHRIDGE, Calif., March 12, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPay, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase in a private placement offering 30,333,334 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 15,166,667 shares of common stock, at a combined purchase price of a $0.15 per share and associated warrant. The warrants have an exercise price of $0.15 per share, will be immediately exercisable and will expire five years from the issue date.H.C. Wainwright & Co. is acting as...

ING to file 2020 Annual Report on Form 20-FING will today file its Annual Report on Form 20-F for the year ended 31 December 2020 with the United States Securities and Exchange Commission (SEC). The 2020 Form 20-F will be available on the ING website, and can be downloaded from the SEC website (www.sec.gov) later today. Shareholders or holders of ADRs can also request a hard copy of ING’s audited financial statements, free of charge, at www.ing.com/publications.htmNote for editorsFor further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news Twitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr. ING presentations are available at SlideShare.ING ProfileING is a global financial institution with a strong European base, offering...