CIB Marine Bancshares, Inc. Announces Second Quarter 2022 Results

Written by Customer Service on July 15, 2022. Posted in Earnings Releases And Operating Results.

BROOKFIELD, Wis., July 15, 2022 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIBM”) (OTCQX: CIBH), the holding company of CIBM Bank, announced its unaudited results of operations and financial condition for the quarter and six months ended June 30, 2022. Net income for core banking activity (i.e., deposits and portfolio loans) strengthened, however earnings declined as a result of substantially reduced mortgage banking income following the significant rise in mortgage interest rates. Net income for the quarter was $0.9 million, or $0.68 basic and $0.49 diluted earnings per share, compared to $1.4 million, or $1.08 basic and $0.63 diluted earnings per share, for the same period of 2021; and net income for the six month period was $1.8 million, or $1.38 basic and $1.00 diluted earnings per share, compared to...

Colliers Announces Normal Course Issuer Bid

Written by Customer Service on July 15, 2022. Posted in Public Companies.

TORONTO, July 15, 2022 (GLOBE NEWSWIRE) — Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) (“Colliers”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Colliers of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding subordinate voting shares (the “Subordinate Voting Shares”). The notice provides that Colliers may, during the twelve month period commencing July 20, 2022 and ending no later than July 19, 2023, purchase through the facilities of the TSX, alternative Canadian Trading Systems or The NASDAQ Stock Market (“Nasdaq”) up to 3,500,000 Subordinate Voting Shares in total, being 9.85% of the 35,522,093 shares comprising the “public float” as of July 15, 2022 of such class of shares. Purchases of Subordinate Voting Shares through...

Aeterna Zentaris Announces Shareholder Approval of Share Consolidation

Written by Customer Service on July 15, 2022. Posted in Public Companies.

TORONTO, ONTARIO, July 15, 2022 (GLOBE NEWSWIRE) — Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZS) (“Aeterna” or the “Company“), a specialty biopharmaceutical company developing and commercializing a diversified portfolio of pharmaceutical and diagnostic products, today announced that the proposed consolidation of the Company’s shares (the “Share Consolidation”) was approved at its reconvened annual meeting of shareholders (the “Meeting”) held today. Following the Meeting, the Company’s board of directors approved the Share Consolidation on the basis of one post-Share Consolidation share for every twenty-five pre-Share Consolidation shares. The Company expects to file articles of amendment to implement the Share Consolidation in the coming days. The Share Consolidation remains subject to the approval of...

Intelligent Living Application Group Inc. Announces Closing of $20.24 Million Initial Public Offering

Written by Customer Service on July 15, 2022. Posted in Public Companies.

Hong Kong, July 15, 2022 (GLOBE NEWSWIRE) — Intelligent Living Application Group Inc. (Nasdaq: ILAG) (the “Company” or “Intelligent Living”), a premium lockset manufacturer in Hong Kong, today announced the closing of its initial public offering (the “Offering”) of 5,060,000 ordinary shares at a price of $4.00 per share. The aggregate gross proceeds from the Offering were $20.24 million, before deducting underwriting discounts and other related expenses. The ordinary shares began trading on The Nasdaq Capital Market on July 13, 2022 under the ticker symbol “ILAG.” The Offering was conducted on a firm commitment basis. Network 1 Financial Securities, Inc. acted as sole book runner and lead underwriter for the Offering. A registration statement on Form F-1 relating to the Offering has been filed with the U.S. Securities and Exchange...

Tiziana Life Sciences Announces Resignation of CEO

Written by Customer Service on July 15, 2022. Posted in Public Companies.

NEW YORK, July 15, 2022 (GLOBE NEWSWIRE) — Tiziana Life Sciences Ltd.(Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company enabling breakthrough immunotherapies via novel routes of drug delivery, today announces that the Board of Directors has accepted the voluntary resignation of Dr. Kunwar Shailubhai as Chief Executive Officer, Chief Scientific Officer and Board director, effective as of August 1, 2022. Dr. Shailubhai resigned for personal reasons, and his resignation is not related to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Board has appointed Gabriele Cerrone, Executive Chairman of Tiziana, as interim Chief Executive Officer to lead the Company through this period of transition. The Board will begin a search for a permanent Chief Executive...

Oportun Prices $400 Million in Asset-Backed Securities

Written by Customer Service on July 15, 2022. Posted in Public Companies.

SAN CARLOS, Calif., July 15, 2022 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that it has priced $400 million of Series 2022-2 fixed rate asset-backed notes (the “Notes”) in a private asset-backed securitization transaction secured by a pool of unsecured and secured installment loans. “With this transaction priced, investors have reiterated their confidence in Oportun’s financial strength and A.I.-driven underwriting throughout various cycles. We intend to continue to fund our business for responsible growth, and are actively assessing the asset-backed and other debt capital markets,” said Jonathan Coblentz, Chief Financial and Administrative Officer at Oportun. The offering included four classes of the Notes: Class A, Class B, Class C and Class D (the “Bonds”)....

Hingham Savings Reports Second Quarter 2022 Results

Written by Customer Service on July 15, 2022. Posted in Earnings Releases And Operating Results.

HINGHAM, Mass., July 15, 2022 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced results for the quarter ended June 30, 2022. Earnings Net income for the quarter ended June 30, 2022 was $3,191,000 or $1.49 per share basic and $1.45 per share diluted, as compared to $20,422,000 or $9.54 per share basic and $9.28 per share diluted for the same period last year. The Bank’s annualized return on average equity for the second quarter of 2022 was 3.43%, and the annualized return on average assets was 0.34%, as compared to 25.51% and 2.83% for the same period in 2021. Net income per share (diluted) for the second quarter of 2022 decreased by 84% over the same period in 2021. Core net income for the quarter ended June 30, 2022, which represents net income excluding the after-tax gains and...

GRIP Investments Limited and John Carswell Announce Holdings in Canso Select Opportunities Corporation

Written by Customer Service on July 15, 2022. Posted in Mergers And Acquisitions.

TORONTO, July 15, 2022 (GLOBE NEWSWIRE) — GRIP Investments Limited (“GRIP Investments”) and John Carswell announced today that GRIP Investments (a corporation majority beneficially owned and controlled by John Carswell) filed on SEDAR (www.sedar.com) an Early Warning Report with respect to Class A Multiple Voting Shares (“MVS”) and Class B Subordinate Voting Shares (“SVS” and collectively with the MVS, the “Shares”) of Canso Select Opportunities Corporation (the “Issuer”). On June 24, 2022, GRIP Investments redeemed (the “Redemption”) in-kind 717,815 MVS and 24,068 SVS from Canso Partners II Fund (the “Fund”) at a deemed value of $1.85 per MVS and $1.85 per SVS for a total deemed value of $1,372,483.55. Prior to the Redemption, GRIP Investments had beneficial ownership indirectly through the Fund of (i) 717,815 MVS representing...

Northfield Capital Welcomes Ernie Eves to the Board of Directors

Written by Customer Service on July 15, 2022. Posted in Public Companies.

TORONTO, July 15, 2022 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V:NFD-A) (the “Company” or “Northfield”) is pleased to announce that Mr. Ernie Eves has been elected to the Board of Directors today at the Company’s annual and special shareholder meeting. In addition, the incumbent directors were also all re-elected to the Board of Directors. Ernie Eves, Q.C, LLD (Hon), is the former Premier of Ontario (2002-2003) and former Finance Minister (1995-2001). Since 2003, Mr. Eves has served as the President and Chief Executive Officer of Natel Strategies International Inc. and currently serves as an advisor, consultant or board member for several Canadian and international companies. As well, Mr. Eves serves as Chair of The Justin Eves Foundation and is a former member of the Board for Special Olympics Canada. Robert Cudney,...

Banco Comercial Português, S.A. informs about expected negative impact of credit holidays on 3rd quarter 2022 results of Bank Millennium S.A. Capital Group and launching of the Recovery Plan

Written by Customer Service on July 15, 2022. Posted in Public Companies.

Banco Comercial Português, S.A. informs about expected negative impact of credit holidays on 3rd quarter 2022 results of Bank Millennium S.A. Capital Group and launching of the Recovery Plan Attachment 2022 07 15 Credit Holidays EN

Day: July 15, 2022

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