Day: March 12, 2024

Vallourec continues to implement its strategic plan with the arrival of ArcelorMittal, new reference shareholder Meudon (France), March 12th, 2024, Vallourec, a world leader in premium tubular solutions, announces today that ArcelorMittal has reached an agreement to purchase Apollo’s stake in Vallourec (65,243,206 shares) representing 28,4% of the voting rights and 27,5% of the share capital, at a price of €14,64 per share, for a total purchase price of €955 million. This marks the final step of the financial restructuring of Vallourec that was initiated in 2021, when Apollo became Vallourec’s reference shareholder. This new investment by a world-class industrial player speaks to the breadth of the operational turnaround executed since that time, as well as the robust outlook for the premium seamless tubes business over the coming years. Vallourec...

12 March 2024, 22:00 CET ArcelorMittal (the ‘Company’) today announces that it has signed a Share Purchase Agreement to acquire 65,243,206 shares, representing c.28.4% equity interest in Vallourec, for €14.64 per share from Funds managed by Apollo Global Management, Inc., for a total consideration of approximately €955 million. Transaction closing is subject to regulatory approvals and is expected to close in the second half of the year. Having carried out a successful restructuring in recent years, Vallourec presents a compelling opportunity to increase ArcelorMittal’s exposure to the attractive, downstream, value-added tubular market. It is a global leader in premium tubular solutions for energy markets and demanding industrial applications, offering innovative, safe and competitive products for sectors including energy, automotive...

Reports record full year revenues of $655.7 million and Adjusted EBITDAS of $33.0 million CALGARY, Alberta, March 12, 2024 (GLOBE NEWSWIRE) — FLINT Corp. (“FLINT” or the “Company”) (TSX: FLNT) today announced its results for the three and twelve months ended December 31, 2023. All amounts are in Canadian dollars and expressed in thousands of dollars unless otherwise noted. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the Advisory regarding Non-GAAP Financial Measures at the end of this press release for a description of these items and limitations of their use. “2023 was the second consecutive year of record annual revenues for FLINT at $655.7 million, representing an increase of 8.4% over 2022. These results were driven primarily by our Maintenance and Construction Services...

HighlightsGrowth in adjusted operating earnings before depreciation and amortization(1) of 14.3% for the quarter, including an increase of 29.6% in the Packaging Sector. Revenues of $680.4 million for the quarter ended January 28, 2024; operating earnings of $27.8 million; and net earnings attributable to shareholders of the Corporation of $13.9 million ($0.16 per share). Adjusted operating earnings before depreciation and amortization(1) of $96.1 million for the quarter ended January 28, 2024; adjusted operating earnings(1) of $59.0 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $37.4 million ($0.43 per share). Announced, on February 1, 2024, the closure of the Saint-Hyacinthe plant in April 2024 and the transfer of its operations to the other plants in the network.(1) Please refer to the...

Fort Lauderdale, FL, March 12, 2024 (GLOBE NEWSWIRE) — OptimumBank Holdings, Inc., (NASDAQ: OPHC) The Company had net earnings of $6.3 million for the year ended December 31, 2023, compared to net earnings of $4.0 million for the year ended December 31, 2022 an increase of 56%; and with $70 million of Stockholders’ equity. The Company’s only business is the ownership and operation of OptimumBank. To facilitate growth, the Company issued 72,221 shares of its common stock in a private placement transaction to two accredited investors during the first quarter of 2023. The Company ended the year with total assets of $791 million, net loans of $671 million, and total deposits of $640 million. The loan portfolio increased 41% to $680 million from the prior year end balance of $483 million. Noninterest income generated was $3.4 million,...

LOWELL, Mass., March 12, 2024 (GLOBE NEWSWIRE) — Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the “Company”), an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, today announced that the Company will participate in the virtual KeyBanc Life Sciences & MedTech Investor Forum on March 19, 2024. Rob Spignesi, President and CEO, and Sean Wirtjes, CFO, are scheduled to participate in a question-and-answer session with the host analyst on Tuesday, March 19, 2024, at 12:00 p.m. Eastern Time. This presentation time has been updated from the Company’s previously announced schedule. A live webcast of the presentation will be available on the Rapid Micro Biosystems investor relations website at https://investors.rapidmicrobio.com/...

THE WOODLANDS, Texas, March 12, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the Company is scheduled to participate in the 36th Annual Roth Conference to be held in Dana Point, California from March 17-19, 2024.  Paul McKinney, Chairman and Chief Executive Officer, Alex Dyes, Executive Vice President of Engineering and Corporate Strategy, and Travis Thomas, Executive Vice President and Chief Financial Officer will participate in the Conference and host one-on-one meetings with investors during the event. An updated investor presentation will be posted on the Company’s web site www.ringenergy.com on the “Presentations” page prior to the event. About Ring Energy, Inc. Ring Energy, Inc. is an oil and gas exploration, development, and production company with current...

WEST DES MOINES, Iowa, March 12, 2024 (GLOBE NEWSWIRE) — Athene USA (“Athene”), a leading provider of retirement savings products, ranked number one in total annuity sales in LIMRA’s 2023 U.S. Retail Annuity Survey, with a record $35 billion. Athene also ranked first in pension group annuity sales (PGA) in 2023, with $10.4 billion in total volume, according to LIMRA. “The breadth and diversity of Athene’s organic channels continue to differentiate us and drive market-leading results,” said Grant Kvalheim, President of Athene. “In retail, our efforts to expand distribution are bearing fruit, and our attractive product offerings provide principal protection, strong accumulation, and guaranteed income to retirees. With over 11,000 Americans turning 65 every day, our solutions address a fundamental and growing need in the marketplace...

HOUSTON, March 12, 2024 (GLOBE NEWSWIRE) — U.S. Energy Corp (NASDAQ: USEG, “U.S. Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, announced today that it will be participating in the Sidoti Virtual Small Cap Conference on March 14, 2024. Ryan Smith, Chief Executive Officer of the Company, will present and host one-on-one meetings with investors at the conference. ABOUT U.S. ENERGY CORP. We are a growth company focused on consolidating high-quality producing assets in the United States with the potential to optimize production and generate free cash flow through low-risk development while maintaining an attractive shareholder returns program. We are committed to being a leader in reducing our carbon footprint in the areas in which we...