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Month: June 2023

Valneva Supervisory Board Recommends Transition from a Two-Tier Governance Model to a Board of Directors

Saint–Herblain (France), June 22, 2023 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a specialty vaccine company, today announced that its Supervisory Board has recommended a change of governance model. The Company’s Supervisory Board members voted in favor of recommending to the shareholders to transition from the Company’s current two-tier governance model, which includes a Supervisory Board and a Management Board, to a one-tier model led by a Board of Directors, with CEO Thomas Lingelbach included as an executive member. The Supervisory Board’s proposal also recommends the establishment of an Executive Committee to be comprised of, among others, the members of the current Management Board. This proposed change in Valneva’s governance structure will be submitted to the vote of the Company’s shareholders at an Extraordinary...

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Capital Markets Day 2023: Transforming Aegon – The Next Chapter

Aegon to accelerate its strategy to create leading businesses in investment, protection and retirement solutions Transamerica, Aegon’s US subsidiary, to accelerate growth and build America’s leading middle market life insurance and retirement company Aegon on track to close a.s.r. transaction in the coming weeks and start associated share buyback Strategy execution and active capital management to create significant financial flexibility at the holding company Aegon will adapt its operating model to align with business profile; refreshed logo marks the next chapter in Aegon’s transformation and its sharpened operating model New chapter in strategy expected to lead to increase in operating capital generation from units to around EUR 1.2 billion, free cash flow to around EUR 800 million and dividend per share to EUR 0.40 by 2025The...

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Rising Demand for Convenient and Healthy Snack Options Drives Growth in the Global Bakery Products Market

SkyQuest projects that the bakery products market will attain a value of USD 76406.73 billion by 2030, with a CAGR of 9.6% over the forecast period (2023-2030). The global demand for bakery products is rising to the growing preference for convenience foods, changing lifestyles and the rising expatriate population. The market offers a wide range of bakery products and innovation in this industry continues to drive growth. Westford, USA, June 21, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, manufacturers are developing bakery products that cater to the specific needs of different segments of consumers such as biscuits with natural ingredients like grain, low-calorie sweeteners and whole wheat, to meet the changing demands and lifestyles of consumers. As a result, these products are gaining popularity, especially among diabetic...

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Expanding Applications and Technological Advancements Drive Growth in the Global 3D Printer Market

SkyQuest projects that the 3D printer market will attain a value of USD 149.4 billion by 2030, with a CAGR of 20.5% over the forecast period (2023-2030). The deployment of 3D printing technology involves providing installation services, consultation solutions, customer support and handling aspects related to copyrights, licensing and patenting. The technology has proven beneficial to manufacturers in terms of prototyping, designing the structure and end products, modeling and reducing the time to market. As a result, production expenses have been significantly reduced and manufacturers can now offer better products at reasonable prices. Westford, USA, June 21, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, small businesses are increasingly adopting desktop printers and diversifying their operations to offer 3D printing and related...

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RioCan Real Estate Investment Trust announces offering of $300 million, Series AH senior unsecured debentures with a coupon of 5.962% and an all-in interest rate of 5.284% after including the benefit of bond forward hedges

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, June 21, 2023 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has agreed to issue $300 million principal amount of Series AH senior unsecured debentures (the “Debentures”). The Debentures will be sold at a price of $99.966 per $100 principal amount, carry a coupon of 5.962% per annum and mature on October 1, 2029. Inclusive of the benefit of bond forward hedges, the Trust’s all-in rate is 5.284% per annum. The net proceeds of this offering will be used by the Trust to repay amounts owing under certain credit facilities incurred in the ordinary course. The balance of net proceeds, if any, will be used for general business purposes. The Debentures are being offered on an agency...

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CORRECTION — StateHouse Holdings Inc.

SAN DIEGO and TORONTO, June 21, 2023 (GLOBE NEWSWIRE) — In a release issued under the headline “StateHouse Confirms extension of Series A debt obligations to July 1st, 2023” earlier today, please note that the extension date should be July 3rd, and not July 1st as previously stated. The corrected release follows: StateHouse Confirms extension of Series A debt obligations to July 3rd, 2023 StateHouse Holdings Inc. (“StateHouse” or the “Company”) (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today announced that as previously disclosed on December 30, 2022, the Company continues to engage in discussions related to potential future financing options. In addition, the Company’s Series A debtholders (the “Series A Debtholders”) have granted StateHouse...

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Avricore Health Hosts 2023 Annual General Meeting and Welcomes New Board Members

VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) — AVRICORE HEALTH INC. (TSXV: AVCR) (the “Company” or “AVCR”) held its annual general meeting to elect directors, appoint its auditor and accept a new stock option plan to support the company’s continued growth. “It’s been another amazing year of significant growth and accomplishments and everyone on the team is really excited to get to our next milestones,” said Hector Bremner, CEO of Avricore Health Inc. “We are invigorated by the positive changes in policy and funding of the pharmacy sector and we’re enjoying growing support for HealthTab’s mission to bring chronic and infectious disease screening to pharmacies around the world.” Prior to the meeting, shareholders received an Information Circular outlining key resolutions and had the opportunity to vote...

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EAT & BEYOND ANNOUNCES SIGNING OF AGREEMENT FOR ACQUISITION OF 50% OF GOLDBLOOM ENTERPRISES INC.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC, June 21, 2023 (GLOBE NEWSWIRE) — Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat & Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative protein sector, is pleased to announce that the Company has entered into a securities exchange agreement dated June 20, 2023 (the “Definitive Agreement”), which sets out the terms and conditions for the acquisition by the Company of 50% of the issued and outstanding shares and 100% of the outstanding warrants in the capital of Goldbloom Enterprises Inc. (“Goldbloom”) in exchange for securities of Eat & Beyond (the “Transaction”). Pursuant to the terms of the Definitive Agreement, the material terms of the...

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Algoma Steel Announces Filing of Base Shelf Prospectus

SAULT STE. MARIE, Ontario, June 21, 2023 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that it has filed a base shelf prospectus dated June 21, 2023 (the “Base Shelf Prospectus”) with the Ontario Securities Commission, relying on the “well-known seasoned issuer” exemption, and a corresponding shelf registration statement on Form F-10 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”). These filings will allow the Company, if it chooses, to make offerings of common shares, preferred shares, debt securities, subscription receipts, units and warrants (collectively, the “Securities”) of the Company, or any combination thereof, in all...

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Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2023 Financial Results

Fourth Quarter Results In-Line with Previously Announced Expectations Plate and Strip Operations Running at Normal Production Levels Planned Plate Capacity Increase Ahead of Schedule Further Strengthened Liquidity with Recently Upsized ABL Credit Facility Updated Outlook on Transformative EAF Project Strong Financial Outlook for Q1 Fiscal 2024 SAULT STE. MARIE, Ontario, June 21, 2023 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal fourth quarter and full year ended March 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Fiscal 2023 to Fiscal 2022 Fourth Quarter ComparisonsConsolidated revenue of $677.4 million,...

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