Change of Date of 2021 AGM and Closing Date for Director Election Nominations

Written by Customer Service on April 22, 2021. Posted in Public Companies.

TORONTO, April 22, 2021 (GLOBE NEWSWIRE) — Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) advises that the date of the 2021 Annual General Meeting has been deferred from the previously notified date of Wednesday, 26 May 2021 to Thursday, 17 June 2021. In accordance with ASX Listing Rule 3.13.1, Xanadu will now hold its 2021 Annual General Meeting on: Date: Thursday, 17 June 2021 Time: 12:00pm (Sydney time) Location: In the offices of Computershare Investor Services Pty Limited, Level 3, 60 Carrington Street, Sydney NSW and Online In addition, the closing date for the receipt of nominations from persons wishing to be considered for election as a director is Thursday, 29 April 2021. Shareholders will be advised of further details regarding the 2021 Annual General Meeting in a separate Notice of Meeting,...

Hammond Power Solutions Inc. Announces Quarter 1, 2021 Financial Results

Written by Customer Service on April 22, 2021. Posted in Earnings Releases And Operating Results.

(Dollar amounts are in thousands unless otherwise specified) Net Earnings Growth for the Quarter FIRST QUARTER – HIGHLIGHTS Earnings increased 7% to $2.30 million from $2.15 million in 2020 Margin rates increased to 24.7% from 23.6% in 2020 Earnings per share increased to $0.19 from $0.18 in 2020 Net operating debt decreased 36% to $11.80 million or 0.01 net debt to equity GUELPH, Ontario, April 22, 2021 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type, cast resin, liquid-filled transformers and related magnetics, today announced its financial results for the First Quarter of 2021. FIRST QUARTER RESULTS “In a year dominated by challenges and uncertainty presented by the COVID-19 pandemic, our primary focus shifted to the health and well-being of our employees and customers....

Mallard Acquisition Corp. Receives Expected Notice from Nasdaq Regarding Delayed Annual Report

Written by Customer Service on April 22, 2021. Posted in Public Companies.

NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) — Mallard Acquisition Corp. (NASDAQ: MACUU) (the “Company”) announced today that it received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2020 (the “Form 10-K”) with the Securities and Exchange Commission (“SEC”). The Notice has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. As previously disclosed in the Current Report on Form 8-K filed on April 15, 2021 by the Company, on April 12, 2021, the staff (the “Staff”) of the Division of Corporation Finance of the SEC issued a statement entitled “Staff...

Codorus Valley Bancorp, Inc. Reports First Quarter 2021 Earnings

Written by Customer Service on April 22, 2021. Posted in Public Companies.

YORK, Pa., April 22, 2021 (GLOBE NEWSWIRE) — Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $3.9 million or $0.40 per share basic and diluted, for the quarter ended March 31, 2021, as compared to a net loss of $3.0 million or ($0.31) per share basic and diluted, for the quarter ended March 31, 2020. “Earnings for the first quarter 2021 increased by 230% over the same period in 2020 as the prior year’s earnings were adversely affected by a loss directly attributable to a single, large commercial lending relationship at PeoplesBank,” stated Larry J. Miller, Chairman, President/CEO. Miller added, “non-interest income increased 29.5 percent in the first quarter,...

Parker Increases Quarterly Cash Dividend

Written by Customer Service on April 22, 2021. Posted in Dividend Reports And Estimates.

CLEVELAND, April 22, 2021 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.03 per share of common stock to shareholders of record as of May 7, 2021. The dividend is payable June 4, 2021. The dividend represents a 17% increase over the previous quarterly cash dividend of 88 cents per common share and is the company’s 284th consecutive quarterly dividend. “This dividend increase reflects the Board’s confidence in our financial position and our continued ability to generate strong cash flows throughout the business cycle,” said Todd Leombruno, Executive Vice President and Chief Financial Officer. “We remain committed to maintaining our record of increasing...

Planet Ventures Closes Private Placement

Written by Customer Service on April 22, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, April 22, 2021 (GLOBE NEWSWIRE) — Planet Ventures Inc. (TSX-V: PXI; FSE: P6U; US:PNXPF) (“Planet” or the “Company”) is pleased to announce that further to its news release dated March 15, 2021 the Company has closed its non-brokered private placement of 4,050,000 units of the Company (the “Units”) at $0.225 per Unit for gross proceeds of $911,250.00 (the “Offering”). Each Unit consists of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire one additional common share (a “Warrant Share”) at a price of $0.30 per Warrant Share for a period of 36 months following the closing of the Offering. In connection with the Offering, the Company paid finder’s fee in the aggregate sum of $1,575.00 and issued...

CapStar Financial Holdings, Inc. Reports First Quarter 2021 Results and Increase in Quarterly Dividend

Written by Customer Service on April 22, 2021. Posted in Public Companies.

NASHVILLE, Tenn., April 22, 2021 (GLOBE NEWSWIRE) — CapStar Financial Holdings, Inc. (“CapStar”) (NASDAQ:CSTR) today reported net income of $11.0 million or $0.50 per diluted share, for the quarter ended March 31, 2021, compared with net income of $1.3 million or $0.07 per diluted share, for the quarter ended March 31, 2020. Annualized return on average assets and return on average tangible equity for the quarter ended March 31, 2021 were 1.45% and 14.85%, respectively. “CapStar began 2021 with outstanding results,” said Timothy K. Schools, president and chief executive officer. “Our performance reflects the beginning of an improving economy and execution of strategic priorities to enhance our profitability and earnings consistency, accelerate organic growth, maintain sound risk management principles, and develop disciplined capital...

Enterprise Bancorp, Inc. Announces First Quarter Financial Results

Written by Customer Service on April 22, 2021. Posted in Earnings Releases And Operating Results.

LOWELL, Mass., April 22, 2021 (GLOBE NEWSWIRE) — Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended March 31, 2021 of $10.4 million, or $0.86 per diluted common share, compared to $4.0 million, or $0.34 per diluted common share, for the three months ended March 31, 2020. As previously announced on April 20, 2021, the Company declared a quarterly dividend of $0.185 per common share to be paid on June 1, 2021 to shareholders of record as of May 11, 2021. Chief Executive Officer Jack Clancy commented, “Our first quarter 2021 results compared to 2020 were largely the result of growth in net interest income and a decrease in the provision for credit losses. As of March 31, 2021, both loans and customer deposits have grown significantly compared to March 31, 2020, with loan...

Provident Bancorp, Inc. Reports Earnings for the March 31, 2021 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share

Written by Customer Service on April 22, 2021. Posted in Earnings Releases And Operating Results.

AMESBURY, Mass., April 22, 2021 (GLOBE NEWSWIRE) — Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the three months ended March 31, 2021 of $4.3 million, or $0.24 per diluted share, compared to $1.2 million, or $0.07 per diluted share, for the three months ended March 31, 2020. The increase in net income is primarily attributable to the impact COVID-19 had on the 2020 provision for loan losses which were $3.1 million for the three months ended March 31, 2020 compared to $753,000 for the same period in 2021. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share, which will be paid on May 21, 2021 to stockholders of record as of May 7, 2021. In announcing these results, Dave Mansfield,...

MidWestOne Financial Group, Inc. Reports Financial Results for the First Quarter of 2021

Written by Customer Service on April 22, 2021. Posted in Earnings Releases And Operating Results.

First Quarter Summary(1) Net income for the first quarter was a record $21.6 million, or $1.35 per diluted common share. Total revenue, net of interest expense, increased to $50.4 million. Credit loss benefit increased to $4.7 million. Noninterest expense decreased to $27.7 million. Efficiency ratio improved to 50.8%. Average total interest earning assets grew 6.6% annualized. Average total deposits grew 7.8% annualized. Allowance for credit losses ratio declined to 1.5% given the improving economic outlook. Nonperforming assets increased 1.9% and the net charge-off ratio was 4 bps. IOWA CITY, Iowa, April 22, 2021 (GLOBE NEWSWIRE) — MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the “Company”) today reported net income for the first quarter of 2021 of $21.6 million, or $1.35 per diluted common share,...

Day: April 22, 2021

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