Day: March 5, 2024

Ad hoc announcement pursuant to art. 53 SIX Swiss Exchange Listing Rules MEDIA RELEASEMathai Mammen and Michael Rechsteiner nominated to stand for election to Sandoz Board of Directors at upcoming Annual General Meeting Remco Steenbergen appointed as Sandoz CFO and member of Executive Committee as of July 1, 2024, and consequently not standing for re-election to Board of Directors Colin Bond to retire as CFO of Sandoz on June 30, 2024Basel, March 5, 2024 – The Board of Directors of Sandoz announced today that it proposes Mathai Mammen, M.D., Ph.D., and Michael Rechsteiner for election to its Board of Directors at the company’s Annual General Meeting on April 30, 2024. At the same time, Sandoz announced today that Remco Steenbergen, currently a Sandoz Board member, will become a member of the Executive Committee and take on the...

According to the most recent independent assessment from the experts at EcoVadis, Corbion’s overall sustainability performance continues to rank among the top 2% of all audited companies in its manufacturing segment. Leading global ingredient supplier Corbion has been named a 2024 EcoVadis gold medal recipient for its overall achievements in sustainability, marking its eighth year of association with EcoVadis, the leading provider of trusted business sustainability ratings, with a global network ofmore than 125,000 rated companies. The EcoVadis assessment examined Corbion’s policies, actions and results across all production facilities worldwide, scoring the company’s performance in the areas of environment, labor and human rights, ethics and sustainable procurement. “The expert, unbiased perspective EcoVadis provides...

   Mithra initiates monetization process, receives bridge loan from existing lendersMithra appoints advisors and initiates a process to monetize its assets or execute a sale of its business Mithra has entered into a new secured bridge loan facility in a committed amount of up to EUR 13.5 million, subject to milestones; with an uncommitted facility of a further EUR 5 million Bridge loan facility provides expected liquidity runway to fund the monetization process with respect to key assets through 30 April Secured lenders to certain key Mithra operating entities agree to standstill and forbear all debt service (including by extending maturity) in support of the monetization processLiege, Belgium, 05 March 2024 – 07:00 CET – Mithra (Euronext Brussels: MITRA), a company dedicated to women’s health, today announces the initiation of a monetization...

Mithra announces changes to its executive management Liege, Belgium, 05 March 2024 – 07:00 CET – Mithra (Euronext Brussels: MITRA), a company dedicated to women’s health, today announces the termination of the management agreement with David Horn Solomon1 as CEO and his replacement by Christophe Maréchal2 and Xavier Paoli as co-CEOs. As announced today, Mithra will commence a monetization process involving the sale of various selected assets of Mithra and/or the business as a whole (the “Monetization Process“). Concurrent therewith, the board of directors decided that a change in Mithra’s management was needed. Therefore, Mr. Solomon’s1 management agreement was terminated with immediate effect. To lead Mithra from now on, the board of directors has decided to appoint Christophe Maréchal2 and Xavier Paoli as co-CEOs pending...

Hamilton, Bermuda March 5, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) announce today the successful delivery of the 2008-built VLGC Venus Glory at a cash consideration of $66 million less ordinary broker commission of one percent as previously announced in a press release dated 3 January 2024. The vessel completed her two-year Time Charter with IOC at end of December 2023. Subsequent to completion of this Time Charter, Venus Glory also carried out a single spot voyage at a net Time Charter Equivalent (TCE) result of $5.5 million prior to delivery of the vessel to the new owners which is reflected in the announced booking level for Q1-2024. The Company expect to record a book gain on sale and a cash release following repayment of bank financing of $27 million and $40 million respectively. Additionally, and as previously...

CARBIOS Active integrated in compostable food trays made of PLACARBIOS Active integrated in compostable food trays made of PLACARBIOS Active, the enzymatic solution for 100% compostable PLA, added to FDA Inventory of Food Contact SubstancesPLA1 packaging integrating CARBIOS Active is 100% compostable even at ambient temperatures, supporting Food & Beverage brands in achieving their sustainability commitmentsClermont-Ferrand, France, Tuesday 5 March 2024 (06.45am CET) CARBIOS (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, announced today that CARBIOS Active, its enzymatic solution for the biodegradation of PLA, is included in the U.S. Food and Drug Administration Inventory of Effective Food Contact Substances...

SAN FRANCISCO, March 04, 2024 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (“iRhythm”) (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict and help prevent disease, announced today the pricing of its offering of $575.0 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $450.0 million. iRhythm also granted the initial purchasers of the notes an option to purchase, within a 13-day period from, and including, the date on which the notes are first...

MALIBU, Calif., March 04, 2024 (GLOBE NEWSWIRE) — Leading biotech company CLINUVEL last week joined an intimate event bringing together California’s most prolific investors and philanthropists at the Malibu home of Lady Gaga and Michael Polansky. The event, hosted by Lady Gaga and Mr. Polansky, and Sean Parker and Alexandra Parker, shone a light on the groundbreaking work of CLINUVEL, a global biopharmaceutical firm whose cutting-edge melanocortin therapies transform the lives of patients at the highest risk of photodamage and skin cancer. Mr. Parker and Mr. Polansky have supported CLINUVEL for more than 15 years, finding alignment between the Company’s pioneering approach to medicine and the boundary-pushing work of the Parker Institute for Cancer Immunotherapy which works to revolutionise healthcare. Over a family-style dinner...

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) — UTime Limited (“UTime” or the “Company”) (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, today announced that on February 28, 2024, the Company received a written notification from the Nasdaq’s Listing Qualifications Department, granting the Company another 180 calendar days extension, or until August 26, 2024, to regain compliance with Nasdaq’s minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its ordinary shares is $1.00 per share or higher for at least 10 consecutive business days during this second compliance period. The Company intends to regain compliance with the minimum...

HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of February 29, 2024. As of February 29, 2024, the Company’s net assets were $1.8 billion, and its net asset value per share was $10.69. As of February 29, 2024, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 642% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 451%.STATEMENT OF ASSETS AND LIABILITIESFEBRUARY 29, 2024   // (UNAUDITED)     (in millions)Investments   $ 2,474.5  Cash...