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Month: May 2023

MISTRAS Group to Participate in Sidoti Microcap Virtual Conference on May 11, 2023

Management Presentation to be Webcast Live at 11:30am ET on May 11 PRINCETON JUNCTION, N.J., May 05, 2023 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (MG: NYSE) – a leading “one source” multinational provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure – announced today that Dennis Bertolotti, Chief Executive Officer, and Edward Prajzner, Chief Financial Officer, will be participating in the Sidoti Microcap Virtual Conference on Thursday, May 11, 2023. Management will be presenting a Fireside chat on May 11 at 11:30-12PM ET, Track 2. To register to attend and to access the presentation, please visit https://sidoti.zoom.us/webinar/register/WN_9V7L-ZkpQ6OAfoEarsk91w. Management will also be available for one-on-one meetings on May 11. To...

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Vallourec to resume full production at its Pau Branco iron ore mine

  Vallourec to resume full production at its Pau Branco iron ore mine Meudon, France, 5 May 2023 – Vallourec has obtained the necessary permissions from the state mining and environmental authorities for the full release of the Cachoeirinha core waste pile. The Pau Branco iron ore mine is set to return to full production by the end of Q2 2023 at the latest. Operations at the Pau Branco mine were temporarily suspended in January 2022 following flooding-related damage to its core Cachoeirinha waste pile. Operations were partially restarted in May 2022 using alternative waste piles, albeit at lower-than-normal capacity levels. The production sold in 2022 reached 4.0 million tonnes, well below the full potential of 8.7 million tonnes per annum. Vallourec now confirms that production sold in Q1 2023 was in line with guidance for approximately...

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Velan Shareholders Approve Acquisition by Flowserve

MONTREAL, May 05, 2023 (GLOBE NEWSWIRE) — Velan Inc. (“Velan”) (TSX: VLN) today announced that holders (the “Shareholders”) of subordinate voting shares (the “SVS”) and of multiple voting shares (the “MVS” and, collectively with the SVS, the “Shares”) of Velan have approved the proposed arrangement resolution in connection with the arrangement agreement made as of February 9, 2023 among Velan, 14714750 Canada Inc. (the “Purchaser”) and Flowserve US Inc., as amended by the first amendment to the arrangement agreement dated March 27, 2023 (the “Arrangement Agreement”) pursuant to which all of Velan’s issued and outstanding Shares would be acquired for $13.00 per Share in cash by the Purchaser, a wholly owned subsidiary of Flowserve Corporation (the “Arrangement”). The arrangement resolution had to be approved by not less than two...

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Hallmark Announces AM Best Rating Changes, Interim Final Arbitration Award, and Partnership with an AM Best “A” Rated Carrier

Hallmark Financial Services, Inc. Hallmark Financial Services, Inc.DALLAS, May 05, 2023 (GLOBE NEWSWIRE) — AM Best announced today that it has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bbb-” (Good) and the associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. (Hallmark) [NASDAQ: HALL]. Concurrently, AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term ICRs to “bbb” (Good) from “a-” (Excellent) of the members of Hallmark Insurance Group. In addition, AM Best has maintained the under review with negative implications status of all Credit Ratings (ratings). As previously disclosed in Hallmark’s public filings, certain of Hallmark’s subsidiaries are parties to an arbitration proceeding relating to...

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EIB submits SEC Form 18-K

For immediate release 5 May 2023 EIB submits SEC Form 18-K The European Investment Bank (EIB) has submitted its SEC Form 18-K. To view the document, please go to www.sec.gov. The 18-K has also been posted on the EIB website: https://www.eib.org/en/investor-relations/publications/all/eib-annual-18-k-report-2022 ENDS

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Gentex and ODC Network Break Ground on Innovative Preschool

Gentex Breaks Ground on Gentex Discovery Preschool Dozens of representatives from educational institutions, community organizations, economic development groups, and state and local government gathered today in Zeeland, Michigan, as Gentex Corporation and the ODC Network broke ground on the Gentex Discovery Preschool, an on-site daycare center and preschool designed to provide quality, subsidized childcare for the children of Gentex employees.Pictured (left to right)Laurel Grose, Site Director, Gentex Discovery PreschoolKevin Nash, CFO, Gentex; ODC Board MemberTravis Williams, CEO, ODC NetworkSteve Downing, President & CEO, GentexDwayne Masselink, Founder, InterActive Studio, LLCFuture Home of the Gentex Discovery Preschool Gentex and ODC broke ground today on the Gentex Discovery Preschool in Zeeland, Michigan. The facility...

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TDS Telecom remains on track in its multi-year fiber program

The Madison, Wisconsin-based company is more than halfway to goal of 1.2 million marketable fiber service addresses by 2026 Madison, Wisconsin, May 05, 2023 (GLOBE NEWSWIRE) — TDS Telecommunications LLC (TDS®) is pleased with its first quarter results and is on track to meet its operational and financial goals for the year. The telecommunications company deployed 25,000 marketable fiber service addresses in the quarter and remains confident it will reach 175,000 by year-end. Senior Vice President of Finance and CFO Michelle Brukwicki updated the company’s progress on its fiber expansion program, a multi-year journey that includes fiber construction in about 100 communities primarily in the Pacific Northwest and Wisconsin. TDS is targeting 1.2 million marketable fiber service addresses by 2026; it ended the quarter with 607,000....

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Gouverneur Bancorp Announces Fiscal 2023 Second Quarter and Six Months Results

GOUVERNEUR, N.Y., May 05, 2023 (GLOBE NEWSWIRE) — Gouverneur Bancorp, Inc. (OTC Pink: GOVB) (the “Company”), the holding company for Gouverneur Savings and Loan Association (the “Bank”), today announced the results for the second quarter of fiscal year 2023 ended March 31, 2023. A Note to our Shareholders: On September 16, 2022, the acquisition of Citizens Bank of Cape Vincent (“CBCV”) was consummated, adding three additional full-service branches, in Cape Vincent, Chaumont, and LaFargeville. The Bank also established GS&L Municipal Bank, a subsidiary limited purpose municipal bank, to service the deposit needs of the area’s municipalities. As a result, fiscal year 2022 saw a rise in professional fees and other merger related expenses due to costs associated with the completion of the merger. The increased costs incurred by...

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Boussard & Gavaudan Investment Management LLP: Form 8.3 – John Wood Group

FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)   1.        KEY INFORMATION  (a)        Full name of discloser: Boussard & Gavaudan Investment Management LLP Boussard & Gavaudan Gestion SAS acting on behalf of various funds(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.  (c)        Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree John Wood Group PLC(d)        If an exempt fund manager connected with an offeror/offeree,...

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Plains All American Reports First-Quarter 2023 Results; Reaffirms 2023 Guidance

HOUSTON, May 05, 2023 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported first-quarter 2023 results and reaffirmed 2023 guidance as highlighted below: First-Quarter ResultsReported Net income attributable to PAA of $422 million and Net cash provided by operating activities of $743 millionDelivered strong Adjusted EBITDA attributable to PAA of $715 millionGenerated Free Cash Flow of $823 million, including approximately $284 million of asset salesReduced total debt by approximately $450 millionIncreased annualized common distribution by $0.20 to $1.07 per unit (~23% increase, paid in February)Reaffirmed 2023 GuidanceReaffirming full-year 2023 Adjusted EBITDA guidance attributable to PAA of $2.45 – $2.55 billion, year-end 2023 leverage of +/-...

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