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Day: March 16, 2023

Update regarding Silicon Valley Bank

Molten Ventures VCT plc (“the VCT”)Legal Entity Identifier: 2138003I9Q1QPDSQ9Z9716 March 2023Update regarding Silicon Valley Bank In common with the technology sector more broadly, companies within the VCT’s portfolio held banking relationships with Silicon Valley Bank (‘SVB’) both in the US and UK. The VCT board welcomes the news that the situation has now been substantially resolved with confirmation over the last weekend that US deposits were protected and Monday’s announcement of HSBC’s acquisition of SVB UK. Current analysis by Elderstreet Investments Limited, the VCT’s investment manager (the ‘Investment Manager’), indicates that there has been no known financial loss within the VCT portfolio nor to the Investment Manager or its parent company, Molten Ventures plc.  Molten Ventures plc has also released an announcement which can...

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WENDEL: 2022 Full-Year Results: Good performance of the portfolio companies; New Strategic Directions

Press release – March 16, 2023 2022 Full-Year Results: Good performance of the portfolio companies New Strategic Directions Net asset value as of December 31, 2022: €7,456 million or €167.9 per share ·         NAV up +8.3% in Q4 2022, driven by the very strong performance of listed and unlisted companies ·         NAV per share down 9.2%1 in 2022 reflecting the market decline in the listed asset valuation. Growth above +10% for unlisted portfolio companies at constant perimeter. Consolidated net sales for 2022: €8,700 million, up +15.9% overall and up +10.7% organically year-to-dateOverall double-digit growth for all Group companies Consolidation of ACAMS in 2022 (€66 million)Adjusted2 contribution from consolidated subsidiaries of €791 million, up +15.5%Very strong growth in the contribution from Constantia Flexibles (+79.5%),...

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Tender for repurchase of up to 5% of the DCAC Ordinary Shares and all DCAC Public Warrants held by DCAC Ordinary Shareholders on the Record Date (the “Stub Tender Offer”)

Announcement of Result of Stub Tender Offer 16 March 2023 THIS PRESS RELEASE CONTAINS INFORMATION THAT QUALIFIES OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE EU MARKET ABUSE REGULATION. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS Result of Stub Tender Offer At the close of the Stub Tender Offer 16:00 (CET) yesterday, 15 March 2023, Stub Tenders were received in respect of 325,418 DCAC Ordinary Shares and in respect of 2,060,000 DCAC Public Warrants. It appears that some three...

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FL Entertainment: FY 2022 results

Press Release Paris – March 16th, 2023 Full-year 2022 results STRONG FINANCIAL PERFORMANCE IN LINE WITH GUIDANCESOLID GROWTH ACROSS BOTH BUSINESSESSTRONG FREE CASH FLOW GENERATION AND RAPID DELEVERAGING MID-TERM OUTLOOK CONFIRMED 2022 HIGHLIGHTSRevenue up +15.7%1 to €4,047m driven by strong performance of both businessesContent production & distribution: content catalogue up 30% to 160,000 hours, streaming platform revenues up 61% y/y, 15 bolt on acquisitions in 10 geographies Online sports betting & gaming: Unique Active Player numbers up 25% y/y, partly driven by strong football World Cup performanceAdjusted EBITDA2 rose by +10.0% to €670.2m in 2022, resulting in an EBITDA margin of 16.6% Adjusted net income2 rose to €307m (+8.6% versus 2021), net income stood at -€81m (2021: -€73m) due to the one-off impact of the...

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Mortgage Rates Pull Back

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 3/16/2023MCLEAN, Va., March 16, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.60 percent. “Mortgage rates are down following an increase of more than half a percent over five consecutive weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term. During times of high mortgage rate volatility, homebuyers would greatly benefit from shopping for additional rate quotes. Our research concludes that homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among multiple...

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Teck Reports 2022 Sustainability Performance

VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today the release of our 22nd annual Sustainability Report, highlighting our performance in 2022 and progress on our sustainability strategy goals. “Environmentally and socially responsible mining is core to our approach to business,” said Jonathan Price, CEO. “At Teck, we are committed to responsibly producing the critical minerals essential to the low-carbon future, while maintaining a high standard of sustainable performance. I am pleased to share our 2022 Sustainability Report, in which we detail progress in areas including health & safety, climate action, diversity, biodiversity and more.” Teck’s approach to responsible mining is underpinned by a long-term sustainability strategy,...

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Landsbankinn hf.: Results of subordinated bond auction in ISK

Today, Landsbankinn concluded an auction of two series of tier 2 bonds. On offer were inflation-linked and non-indexed bonds at a predetermined price, with a tenor of 10 years and a call option in five years and every interest payment date thereafter. Bond in the non-indexed series were offered for sale at a yield of 10.10% and bonds in the inflation-linked series at 4.95%. In the non-indexed series, a total of 12 bids for ISK 2,180m were received. No bids were accepted. In the inflation-linked series, a total of 33 bids for ISK 19,420m were received. Bids in the amount of ISK 12,000m were accepted. Expected settlement date is 23 March 2023.

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Vantage-TAG continues rapid Q1 sales pace of industry leading GPS Fleet Management System adding $2 Million to existing order book of $14 Million.

DSG Global Inc. Infinity 10” HD display gives operators ultimate mounting flexibility.Industry leading Vantage-Tag Systems continues to introduce innovative solutions. SURREY, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) — DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”), a wholly owned subsidiary of DSG Global announces sales to 20 prime courses so far in Q1 2023 representing $2 million in sales to bring the order book total to $16 million. The momentum from the PGA Show in January 2023 continues to accelerate with the introduction this April of the new Infinity 10” orientable HD screen. The new Infinity 10” HD screen has the unique distinction of either steering column (Portrait) or roof mount (Landscape) giving operators ultimate flexibility depending on which carts their fleet is comprised of an industry first. “Coming...

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UPDATE – Cognition Therapeutics to Report Fourth Quarter and Full Year 2022 Results

Conference Call and Live Audio Webcast Scheduled for Thursday, March 23, 2023, 8:00 a.m. ET PURCHASE, N.Y., March 16, 2023 (GLOBE NEWSWIRE) — Cognition Therapeutics, Inc. (Nasdaq: CGTX), a clinical-stage neuroscience company developing drugs that treat neurodegenerative disorders by regulating cellular damage response pathways, today announced that the Company will release financial results for the fourth quarter and full year ended December 31, 2022 on Thursday, March 23, 2023 before the market open. Following the release, management will host a conference call at 8:00 a.m. ET on the same day to review the financial and operating results and provide a business update. Conference Call Information:Telephone Access:   US/Canada Participant Toll-Free Dial-in Number: (800) 715-9871 US/Canada Participant International Dial-In Number:...

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Synaptics Launches Breakthrough Triple Combo™ 16 nm Ultra-Low-Power SoC With Enhanced Connectivity and Streaming Features to Drive New Automotive and Multimedia Use Cases

Matter-compliant Wi-Fi 2.4/5/6/6E, Bluetooth® 5.3, and IEEE 802.15.4 wireless IoT platform enables simultaneous operation of two radios and multiple Bluetooth channels to stream multimedia content.Synaptics Launches Breakthrough Triple Combo™ 16 nm Ultra-Low-Power SoC With Enhanced Connectivity and Streaming Features to Drive New Automotive and Multimedia Use Cases The Matter-compliant SYN4382 Wi-Fi 2.4/5/6/6E, Bluetooth® 5.3, and IEEE 802.15.4 wireless IoT platform enables simultaneous operation of two radios and multiple Bluetooth channels to stream multimedia content.NUREMBERG, Germany, March 16, 2023 (GLOBE NEWSWIRE) — Synaptics® Incorporated (Nasdaq: SYNA) today announced the latest Triple ComboTM—the breakthrough SYN4382—with state-of-the-art system-on-chip (SoC) radio integration and architectural innovations...

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