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Month: September 2022

Form 8.3 – [GB Group plc – 23 09 2022] – (HHL)

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1.        KEY INFORMATION(a)   Full name of discloser: HARGREAVE HALE LIMITED (for Discretionary Clients)(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree GB GROUP PLC(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e)   Date position held/dealing undertaken:        For...

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Amar Maletira Named Chief Executive Officer of Rackspace Technology

Amar Maletira, Chief Executive Officer, Rackspace Technology Amar Maletira Named Chief Executive Officer of Rackspace TechnologySAN ANTONIO, Sept. 26, 2022 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT), a leading cloud technology solutions company, today announced the appointment of Amar Maletira as Chief Executive Officer. Mr. Maletira, who has served as Rackspace Technology’s President and Chief Financial Officer since November 2020, has assumed responsibilities effective immediately. David Sambur, Co-Head of Private Equity at Apollo Global Management and Chairman of the Rackspace Technology Board of Directors, stated, “Amar brings broad management and leadership experience, and over the course of his career, he has helped transform several multi-billion-dollar technology businesses. He has also been instrumental...

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Salona Global Announces Closing of Acquisition; Provides Update on Large Acquisition; Highlights for the Quarter Ending August 30, 2022 (Q2)

SAN DIEGO, Sept. 26, 2022 (GLOBE NEWSWIRE) — Salona Global Medical Device Corporation (“Salona Global,” “SGMD,” or the ‎‎“Company”) (TSXV:SGMD) announced today that it closed on its previously announced acquisition of DaMar Plastics Inc. (“DaMar”), a plastics manufacturing business. The Company also provided an update on the progress of the previously announced large potential acquisition (“Large Potential Acquisition”) candidate. Together, the deals, in the event the second acquisition closes, are expected to grow SGMD’s annual revenue run rate by nearly 80%. Additionally, the company announced highlights of its second quarter, ending August 30, 2022. Finally, Luke Faulstick has been appointed as an Executive Director to the Company’s Board of Directors. Closing of the DaMar Plastics Acquisition: The Company successfully closed...

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Theratechnologies to Announce Third Quarter 2022 Financial Results and Provide Business Update

MONTREAL, Sept. 26, 2022 (GLOBE NEWSWIRE) — Theratechnologies Inc. (TSX: TH) (NASDAQ: THTX) (Theratechnologies), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it will report financial results for its third quarter of fiscal 2022 ended August 31, on Thursday, October 13, 2022. The conference call will be held at 8:30 a.m. (ET) on October 13, 2022 to discuss the results and recent business updates. The call will be hosted by Paul Lévesque, President and Chief Executive Officer. Joining Mr. Lévesque on the call will be other members of the management team, including Chief Financial Officer Philippe Dubuc and Chief Medical Officer Christian Marsolais, who will be available to answer questions from participants following prepared remarks.   Participants are...

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Hydrogen Generation Market Size to Worth Around USD 220.37 Billion by 2028

The global hydrogen generation market size is expected to worth around USD 220.37 billion by 2028 from valued at USD 150.20 billion in 2021 and anticipated to grow at a CAGR of 5.6% from 2022 to 2028. Need to curb emission of greenhouse gases will id growth. Pune, India, Sept. 26, 2022 (GLOBE NEWSWIRE) — The global hydrogen generation market size was USD 145.67 billion in 2020. The market is projected to grow from USD 150.20 billion 2021 to USD 220.37 billion in 2028 at a CAGR of 5.6% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Hydrogen Generation Market, 2021-2028.” The market is set to gain traction from the high demand for fuel cell-based buses and electric vehicles (EVs), especially in North America and Asia Pacific. In December 2019, Hyundai, for instance,...

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With 17.3% CAGR, ePharmacy Market Worth USD 177,794.9 Million by 2026

According to Fortune Business Insights, the global ePharmacy market size is expected to reach USD 177,794.9 million in 2026 from USD 49,727.7 million in 2018, and estimated to grow at a CAGR of 17.3% during forecast period (2019-2026) Pune, India, Sept. 26, 2022 (GLOBE NEWSWIRE) — Fortune Business Insights has published latest forecast for ePharmacy market in their report titled, “ePharmacy Market Forecast, 2019-2026”. As per the report, the global market size was USD 49,727.7 million in 2018. The global ePharmacy market size is projected to 177,794.9 million in 2026 at a CAGR of 17.3% in the forecast period, 2019-2026. According to the World Bank, approximately 84% populace in Germany depend on Internet and around 75% populace in the U.S. are subscribers of the Internet, which augments the global ePharmacy market growth Key industry...

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Kaixin Auto Holdings Announces Binding Acquisition Term Sheet with Morning Star and Joint Plans to Grow POCCO EV

BEIJING, Sept. 26, 2022 (GLOBE NEWSWIRE) — Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has signed a binding acquisition term sheet with Wuxi Morning Star Technology Co., Ltd. (“Morning Star”), who manufactures and operates the POCCO EVs. According to the term sheet, Kaixin intends to acquire 100% equity of Morning Star through new share issuance and makes it a wholly owned subsidiary. Morning Star acquired 100% equity of Henan Yujie Time Limited earlier this year, and is actively promoting the strategic re-positioning and re-branding of the company from “a leading mini multi-purpose electric passenger vehicle producer” to “a pioneer in smart mini new energy vehicles.” The POCCO EV business under Morning Star produces the MeiMei and DuoDuo brands of mini electric passenger vehicles. The...

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AIP Realty Trust Announces Forward Purchase Agreements to Acquire an Additional Seven Light Industrial Flex Properties in Texas and Execution of Agreement to Provide Mezzanine Loans

VANCOUVER, British Columbia, Sept. 26, 2022 (GLOBE NEWSWIRE) — AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) through its exclusive development partner, AllTrades Industrial Properties, Inc. (“AllTrades”) continues to grow its acquisition pipeline of new light industrial flex facilities properties in the Dallas-Fort Worth (“DFW”) area of Texas. The Trust is pleased to announce that its wholly owned subsidiary AIP Realty Management, LLC (“ARM”) has entered into forward purchase agreements (the “Agreements”) to acquire up to seven additional companies, each of which are developing one new AllTrades-branded light industrial flex property in DFW (collectively, the “Properties”). The Agreements provide AIP with the exclusive option, subject to certain conditions, to acquire (i) AIP Roanoke, LLC, (ii) AIP Keller Hicks, LLC, (iii)...

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With 34.8 % CAGR, mHealth Apps Market Worth USD 314.60 Billion by 2028

According to Fortune Business Insights, the global mHealth Apps Market size is expected to reach USD 314.60 billion in 2028 from USD 24.93 billion in 2020, and estimated to grow at a CAGR of 34.8% during forecast period (2021-2028) Pune,India, Sept. 26, 2022 (GLOBE NEWSWIRE) — The global mHealth apps market size is expected to showcase exponential growth by reaching USD 314.60 billion by 2028 while exhibiting a CAGR of 34.8% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “mHealth Apps Market, 2021-2028.” The report further observes that the market stood at USD 24.93 billion in 2020. The increasing prevalence of chronic ailments and the rapid-paced development in the telecommunication sector is anticipated to propel the demand for the product worldwide.   The negative effect...

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Ride Sharing Market Size to Worth Around USD 242.73 Billion by 2028

The global ride sharing market size is expected to worth around USD 242.73 billion by 2028 from valued at USD 84.30 billion in 2021 and anticipated to grow at a CAGR of 16.3% from 2021 to 2028. Pune, India, Sept. 26, 2022 (GLOBE NEWSWIRE) — The global ride sharing market size was USD 76.48 billion in 2020. The market is projected to grow from USD 84.30 billion 2021 to USD 242.73 billion in 2028 at a CAGR of 16.3% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Ride Sharing Market, 2021-2028.” Factors, such as the lack of proper public transport systems in the developing nations is expected to entice key players to invest heavily in those regions, thus aiding market growth. Stringent emission regulations to accelerate favorable business outcomes during forecast...

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