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Month: May 2021

FLYHT Announces Amendment to Grant of Incentive Stock Options

CALGARY, Alberta, May 14, 2021 (GLOBE NEWSWIRE) — FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) would like to correct the number of shares previously announced on May 10, 2021 from an aggregate 248,355 common shares to an aggregate 434,555, subject to regulatory approval, to employees, officers and directors under the stock option plan approved at the Annual and Special Meeting held on May 6, 2021. These stock options are exercisable at a price of $0.57 per share. The options will vest 1/3 on each of May 6, 2022, 2023 and 2024 and will expire on May 6, 2025. A maximum of 10% of the issued and outstanding shares are reserved under the Company’s stock option plan. The options, and any common shares issued upon exercise of the stock options, are subject to a four-month resale restriction. About...

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DSM: Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc  LEI Code: 213800QMYPUW4POFFX69  Net Asset Values  The Company announces the following, all of which is unaudited:  Total Assets – including current period revenue* at 13 May 2021 £45.85mNet Assets – including current period revenue* at 13 May 2021 £45.85mNumber of shares in issue (excluding treasury): 51,978,201   The Net Asset Value (NAV) per share at 13 May 2021 was:  Per Ordinary share (bid price) – including current period revenue* 88.21pPer Ordinary share (bid price) – excluding current period revenue* 86.99p   Ordinary share price  77.00pPremium/(Discount) to NAV (including current period revenue) (12.71%)   * Current period revenue covers the period 01/03/2020 to 13/05/2021 and includes undistributed revenue in...

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Glatfelter Completes Acquisition of Georgia-Pacific’s U.S. Nonwovens Business

CHARLOTTE, N.C., May 14, 2021 (GLOBE NEWSWIRE) — Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced it has completed the previously announced acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million, subject to customary purchase price adjustments. The transaction includes Georgia-Pacific’s Mount Holly, North Carolina airlaid manufacturing operation along with a nonwovens product development operation and associated employees in Memphis, Tennessee, which collectively employ approximately 140 people. The Mount Holly facility produces high-quality airlaid products focused on wipes and table top materials. The new product development resources will enhance ongoing innovation efforts. “Today’s announcement is a major step forward in Glatfelter’s ongoing transformation...

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Cullinan Oncology Reports First Quarter 2021 Financial Results

Continued advancement of broad portfolio, highlighted by initiation of Phase 2a dose expansion of Cullinan Pearl in NSCLC patients with EGFRex20ins mutations Cash, cash equivalents and investments of $473.0 million as of March 31, 2021 post completion of Initial Public Offering in early January 2021 Updated Cullinan Pearl data to be presented during a poster session at the 2021 American Society of Clinical Oncology (ASCO) Annual Meeting CAMBRIDGE, Mass., May 14, 2021 (GLOBE NEWSWIRE) — Cullinan Oncology, Inc. (Nasdaq: CGEM) (“Cullinan”), an oncology company seeking to drive shareholder returns by focusing on the patient, today announced its financial results for the first quarter ended March 31, 2021 and reported on recent business highlights. “I am pleased with the progress we have made across our portfolio and our organization...

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Tyson Foods Selling Successful Pet Treats Business to General Mills for $1.2 Billion

Transaction includes Nudges®, True Chews® and Top Chews® brands SPRINGDALE, Ark., May 14, 2021 (GLOBE NEWSWIRE) — Tyson Foods, Inc. (NYSE: TSN) is selling its successful pet treats business to General Mills, Inc. (NYSE: GIS) for approximately $1.2 billion, the company announced today. The sale of the business, a leading player in natural pet treats, is expected to be completed by the end of the company’s 2021 fiscal year, subject to regulatory approval and other customary closing conditions. It includes the Nudges®, True Chews® and Top Chews® brands, as well as a production facility in Independence, Iowa. Tyson Foods will continue to provide meat ingredients for the pet treats business after General Mills assumes ownership. “We’re proud of the tremendous success of this business and the diligent work by our team to meet growing...

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HEXO Corp announces US production facility in Colorado

OTTAWA, May 14, 2021 (GLOBE NEWSWIRE) — HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced Purchase and Sale Agreements in relation to its first US production facility, through a wholly owned US subsidiary. The ~50,000 sq. ft. facility, located in Northern Colorado, will provide US CPGs and consumers access to the Powered by HEXO® technology. “Signing the Purchase and Sale Agreements is an important milestone as we continue to expand into the US market. The Colorado facility will be instrumental to successfully executing on our US strategy, which includes the supply of high quality Powered by HEXO ® technology to our current and potential multinational CPG partnerships in the United States,” said HEXO CEO and co-founder Sebastien St-Louis. “The facility will provide HEXO with the necessary infrastructure...

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SFL – Options awarded to employees and board members

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today announced that 480,000 options were awarded to employees and board members as part of the management incentive program. The options have been issued pursuant to the Company’s Share Option Scheme and will have a five-year term with a three-year vesting period. The initial strike price is $8.79 and the first options will be exercisable from May 2022. May 14, 2021 The Board of DirectorsSFL Corporation Ltd.Hamilton, Bermuda Investor and Analyst Contacts:Aksel Olesen, Chief Financial Officer, SFL Management AS+47 23 11 40 36André Reppen, Chief Treasurer & Senior Vice President, SFL Management AS+47 23 11 40 55 Media Contact:Ole B. Hjertaker, Chief Executive Officer, SFL Management AS+47 23 11 40 11 About SFL SFL has a unique track record in the maritime industry and has paid...

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Plug Power Completes Restatement of Previously Issued Financial Statements and Files 2020 Annual Report

As Anticipated, No Impact on Cash Position, Business Operations or Economics of Commercial Arrangements No Change to Gross Billings; Company Reaffirms Previously Disclosed Annual Gross Billings Targets Plug Power Remains Well-Positioned to Leverage Industry Leadership and Capture MeaningfulShare of the $10T Hydrogen Economy Company to Host Conference Call at 8:30 am ET Today LATHAM, N.Y., May 14, 2021 (GLOBE NEWSWIRE) — Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions building the global green hydrogen economy, today announced that the Company has completed the restatement of its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020 (the “restated periods”), and has filed its Form 10-K for the year ended December...

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Chindata Group’s Taihang Mountain Campus Tops China’s Carbon Neutral Data Center Awards

BEIJING, May 14, 2021 (GLOBE NEWSWIRE) — Taihang Mountain Energy and Information Technology Industrial Campus of the Pan-Beijing Area, provided by Chindata Group (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, has won first prize of Carbon Neutral Data Centers initiated by the China Academy of Information and Communications Technology (CAICT), the Press Center of the Ministry of Industry and Information Technology (MIIT) and Open Data Center Committee (ODCC). Located in Datong, North China’s Shanxi province, Taihang Mountain Energy and Information Technology Industrial Campus of the Pan-Beijing Area is the key part of Chindata Group’s hyperscale zero-carbon computing power cluster in the pan-Beijing area, with Asia’s the largest single hyperscale data center...

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