Month: January 2022

The Supreme Court of Iceland has denied Orkuveita Reykjavíkur (Reykjavík Energy; OR) an appeal against the decision of Iceland’s Court of Appeal, in which a claim of Bank Glitnir’s estate was upheld. The dispute was over settlement of currency swap agreements made shortly before the economic collapse of 2008. Orkuveita Reykjavíkur must pay the estate ISK 3.5 billion. Of this amount, ISK 740 million has already been expensed in OR’s financial statements. Reykjavík Energy’s liquidity is strong, but the payment affects the results of the 2021 financial statements, which will be published in early March. Contact: Elín SmáradóttirGeneral Counselelin.smaradottir@or.is

Icelandair Group (the “Company”) issued warrants to all investors who received shares in the Company’s share offering that concluded on 17 September 2020. The warrants consist of three separate classes, each with a different ticker symbol and exercise period, as described in the prospectus, dated 8 October 2020 (the “Prospectus”). The class of warrants with ticker symbol ICEAIRW180222 and ISIN IS0000032258 (the “Warrant Class”) will be exercisable in February 2022 as further described below. The closing date of trading in the Warrant Class will be Monday 7 February 2022. Given settlement rules this means that registered holders of the Warrant Class as of 9 February 2022 have a right, without any obligation, to purchase shares in the Company at an exercise price of 1.22 ISK per share during the exercise period. The Board of Directors has...

Conference Call/Webcast – 11:00 A.M. Eastern PURCHASE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) — Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the fourth quarter and full year ended December 31, 2021, prior to the opening of stock market trading on Thursday, February 17. John W. Dietrich, Atlas Air Worldwide’s President and Chief Executive Officer, and Spencer Schwartz, Executive Vice President and Chief Financial Officer, will host a conference call to discuss the company’s results at 11:00 a.m. Eastern Time on February 17. Interested parties may listen to the call live at Atlas Air Worldwide’s Investor site or at https://edge.media-server.com/mmc/p/whtitre6. For those unable to listen to the live call, a replay will be archived on the Investor site following the call. A replay will also be available...

SOMERVILLE, N.J., Jan. 28, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Global Fiber Technologies, Inc., (OTC PINK: GFTX) subsidiary Authentic Heroes, Inc., has entered into a definitive agreement with Maestro Entertainment, LLC., to create music driven opportunities. Global’s President Chris Giordano stated, “Our joint venture with Maestro Entertainment is a watershed deal for both sides. The Maestro catalog consists of over 17,000 songs from the 40’s 50’s, 60’s, 70’s & 80’s across the entire genre of music. They include spectrum of artists, many of them whom are Grammy Award winners ranging from Bob Marley, The Jackson 5, Jefferson Airplane to BB King. We will marry this massive library of “legacy music” with our ability to market and distribute the music compilations...

El Centro, CA, Jan. 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — CMUV Bancorp, the holding company for Community Valley Bank (CVB), is pleased to announce unaudited year-end results for 2021. Earnings for the year ending 12/31/2021 were $5,198,800. This number assisted by the SBA PPP loan program, far surpassed the 2020 end of year results of $3,386,757. Despite having received payoff forgiveness on just under $58 MM in PPP loans, CVB was able to end 2021 with over $211 MM in gross loans, a $3 MM increase over 2020 results. Total assets increased by $17 MM ending 2021 at $277 MM. Total Deposits increased dramatically with year-end deposits reaching just under $240 MM.  Earnings per share for 2021 were $2.83 (adjusted for stock buyback). Earnings in 2020 were $1.31 per share. We ended 2021 with a Community Bank Capital Leverage...

As it continues its transformation, Utenos Trikotažas will concentrate its future investments on its core business – contract manufacturing and development of innovative materials. This strategic direction, which generates the highest revenues and profitability, has been approved by the company’s board. In addition, as part of operational refinement, investments in Utenos Trikotažas’ own brands, which generate a smaller share of revenue, will be significantly reduced or further development will be carried out by attracting investors. Investments in a promising growth segment “The move is timely and natural. For more than two decades, the majority of the company’s revenues have been generated from fabrics and knitwear products for global brands. This activity area generates the highest added value and requires continuous investment...

JLT Mobile Computers AB ger i enlighet med tidigare lämnad information ut aktier till säljaren av ID Work Växjö, Sverige, 28:e januari 2022 * * * JLT Mobile Computers, ledande leverantör av stryktåliga datorer för krävande miljöer, meddelar idag att de i enlighet med pressmeddelande från den 11:e januari, 2022 ger ut aktier till säljaren av det förvärvade bolaget ID Work. Det annonserades då att JLT Mobile Computers har förvärvat samtliga aktier i den franska säljpartnern ID Work, varvid del av köpeskillingen skulle erläggas med nya aktier i JLT Mobile Computers. Mot bakgrund av ovan har styrelsen för JLT Mobile Computers idag, med stöd av bolagstämmans bemyndigande, beslutat att ge ut 160 000 nya aktier. Aktierna ges ut till säljarna av ID Work och betalas genom kvittning av fordran om sammanlagt 100 000 EUR på JLT Mobile Computers, motsvarande...

Capital Finance International (“CFI”) has awarded its Best Energy Business Strategy, North America 2021 Award to Golar LNG Limited (“Golar”). In its citation for the award, CFI  highlighted Golar’s commitment to repurposing existing assets and using those assets to produce and regasify cleaner burning LNG, facilitating a quicker transition away from higher polluting fossil fuels. Also cited was Golar’s commitment to innovation in the field of energy efficiency and evaluation of new technology and alternatives that could further reduce the carbon footprint of LNG. Commenting on the award, Chief Executive Officer Karl-Fredrik Staubo said: “Golar has a history of being an LNG market entrepreneur at the forefront of some of the key technology advances in the LNG industry, including first mover into FSRUs and FLNGs. Repurposing of assets and...

ATHENS, Greece, Jan. 28, 2022 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$21,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2023 up to maximum June 15, 2023. The charter is expected to commence on January 31, 2022. The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013. The employment of “Astarte” is anticipated to generate approximately US$9.35 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s...