Month: July 2023

Tortola, British Virgin Islands , July 12, 2023 (GLOBE NEWSWIRE) — Tortola, British Virgin Islands – July 12, 2023: SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it has closed an initial $10.0 million tranche of a total possible $20.0 million private placement pursuant to the terms of a securities purchase agreement, dated July 11, 2023, with certain institutional investors (the “Investors”). The investment is in the form of a Senior Unsecured Original Issue 4% Discount Convertible Promissory Note (the “Note”), resulting in proceeds before expenses to SEALSQ of approximately $9.6 million. The Note has a 24-month maturity and will bear interest at 4% per annum (subject to adjustment)....

The total number of digital subscriptions of AS Ekspress Grupp increased by 24% in the Baltic States year-over-year (2nd quarter: 9%, 1st six months: 20%) and totalled 175,379 at the end of June.The number of digital subscriptions of AS Delfi Meedia that publishes the news portal Delfi, newspapers Eesti Päevaleht, Maaleht, Eesti Ekspress and several popular magazines increased by 15% year-over-year (2nd quarter: 5%, 1st six months: 13%) and totalled 96,855. The number of digital subscriptions of AS Õhtuleht, 50% of which is owned by Ekspress Grupp, increased by 10% year-over-year (2nd quarter: 2%, 1st six months: 9%) and totalled 24,477. The number of digital subscriptions of Geenius Meedia OÜ increased by 40% year-over-year (2nd quarter: 4%, 1st six months: 13%) and totalled 6,323. In Latvia, the number of digital subscriptions of Delfi...

The net asset value per share of EfTEN Real Estate Fund AS was 20.3464 euros as of June 30, 2023, and the EPRA NRV was 21.0135 euros. Both the net asset value, calculated according to IFRS, and EPRA NRV fell by 2.1% in June due to the decrease in the fund’s investment properties fair value. Semi-annual asset valuations were carried out as usual by the independent valuator, Colliers International. The fair value of the fund’s investment properties fell by 1.7% (a total of 6.18 million euros) as a result of the revaluations. Specifically, the value of office sector assets fell by 2.8%, the value of logistics sector assets fell by 2.3%, and the value of shopping centers fell by 0.4%. The valuation decrease is largely related to the increase in the weighted average cost of capital (WACC) used to discount cash flows due to the rise...

Basel, Switzerland, July 12, 2023 – Kinarus Therapeutics Holding AG (“Kinarus”) (SIX: KNRS), a clinical-stage biopharmaceutical company developing novel therapeutics to treat viral, respiratory and ophthalmic diseases, announced that its interim-CFO, Mr Subhasis Roy, who worked as a consultant for the company, is leaving to pursue other opportunities. Dr Hari Kumar, Chairman of the Board of Kinarus Therapeutics Holding AG, commented: “We would like to thank Subhasis for his invaluable support of Kinarus while we navigated the company through these turbulent markets. His mandate as interim-CFO was, from its conception, intended to be temporary, as he is moving to California to pursue opportunities there. His considerable experience contributed to Kinarus’ ability to list on the Swiss Exchange last year via our fully completed reverse takeover...

PRESS RELEASE Arcadis successfully places a €225 million sustainability linked Schuldschein loan Amsterdam, 12 July 2023 – Arcadis N.V., (Euronext: ARCAD), today announced the successful placement of a €225 million sustainability linked Schuldschein loan to be used towards repaying the outstanding bridge loan of 2022. The facility has a maturity of three years with fixed and variables interest rates:€40 million at a fixed interest rate of 5.1% €185 million at a floating interest rate at six-month Euribor with a margin of 135bps. p.a.The bridge loan, initially placed at €750 million for the acquisitions of IBI Group and DPS Group, is herewith almost fully refinanced, following the successful issuance of an inaugural Eurobond of €500 million in February 2023. The issuance builds on Arcadis’ track record in the Schuldschein market with...

Picture from the MEPC 80 in London The United Nation’s (UN) IMO has just adopted a revised strategy to decarbonize global shipping at the Marine Environment Protection Committee (MEPC 80) climate summit in London.LYSAKER, Norway, July 12, 2023 (GLOBE NEWSWIRE) — TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) reflects on The International Maritime Organization’s (IMO) revised Greenhouse Gas (GHG) strategy. The IMO adopts an accelerated GHG Strategy for reaching net-zero GHG emissions in international shipping by, or around, 2050. The strategy presents an ambitious roadmap for reducing shipping’s contribution to global GHG emissions, underscoring the industry’s commitment to environmental sustainability.Picture from the MEPC 80 in London: The United Nation’s (UN) IMO has just adopted a revised strategy...