Clarity Metals Announces Debt Settlement

Written by Customer Service on March 17, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, March 17, 2024 (GLOBE NEWSWIRE) — Clarity Metals Corp. (“Clarity” or the “Company”) (CSE: CMET, OTC: CLGCF, FSE: 27G0) announces its intention to complete a debt settlement with two creditors (the “Debt Settlement”) pursuant to which it shall seek to issue an aggregate of 5,977,033 units of the Company (each, a “Unit”) at a deemed price of $0.04 per Unit, to settle an aggregate of $239,082 in professional services and advisory fees. Each Unit shall consist of one common share (each, a “Share”) in the capital of the Company and one Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to acquire one additional Share (each, a “Warrant Share”, and collectively with the Shares and the Warrants, the “Securities”) on or before the first anniversary of the date of issuance...

<div>Bang & Olufsen releases preliminary Q3 numbers and adjusts revenue outlook for the financial year. Positive earnings expected for the full year despite lower revenue</div>

Bang & Olufsen releases preliminary Q3 numbers and adjusts revenue outlook for the financial year. Positive earnings expected for the full year despite lower revenue

Written by Customer Service on March 17, 2024. Posted in Public Companies.

Bang & Olufsen’s preliminary Q3 2023/24 result for group revenue is DKK 614m, a 2% year-on-year decline in local currencies and flat year-on-year growth in product revenue. The revenue outlook for the financial year 2023/24 (ending 31 May 2024) is adjusted due the company’s sales being impacted by slower-than-expected improvement of macroeconomic conditions in the company’s key markets in Europe. Further, Bang & Olufsen does not foresee a significant recovery of the Chinese economy to materialise in 2023/24 as previously anticipated. Consequently, revenue growth (in local currencies) for the financial year 2023/24 is now expected to be between -8% and -5% (previously in the lower end of 0% to 9%). The company also narrows the ranges for the EBIT margin before special items and free cash flow. EBIT margin before special items...

Landsbankinn hf.: Landsbankinn’s acquisition offer for TM approved

Written by Customer Service on March 17, 2024. Posted in Public Companies.

Landsbankinn and Kvika Bank have agreed to enter into exclusive negotiations for the purchase by Landsbankinn of TM tryggingar hf. (“TM”) based on a purchase offer the Bank made for all equity in TM on 15 March. The proposed acquisition is contingent on such factors as due diligence and approval by the Icelandic Competition Authority and the Financial Supervisory Authority of the Central Bank of Iceland. Lilja Björk Einarsdóttir, CEO of Landsbankinn: “The addition of insurance activity to the Bank’s operation will allow us to offer customers even better and diverse services. The acquisition of TM is a solid investment that strengthens the Bank’s operating platform and enhances its long-term value. TM is a sound insurance company that employs an experienced team. Together, we have a robust presence around the country and are in a good...

Kvika banki hf.: Kvika accepts Landsbankinn’s offer for TM tryggingar hf.

Written by Customer Service on March 17, 2024. Posted in Public Companies.

With reference to the announcement of Kvika banki hf. (“Kvika” or “the bank”) from November 17, 2023, and later announcements, regarding the sales process of its insurance subsidiary TM tryggingar hf. (“TM”), it is hereby announced that Kvika has received binding offers for the purchase of the share capital of TM. The Board of Directors of Kvika has with its advisors evaluated the offers received and subsequently decided to accept an offer from Landsbankinn hf. with the aim to complete a confirmatory due diligence review, and sign a purchase agreement between the two banks for the purchase and sale of 100% of TM’s shares as soon as possible, with standard conditions of approval from The Financial Supervisory Authority of the Central Bank of Iceland and the Competition Authority. The purchase price...

Fly Play hf: Candidacy for the Board of Directors of PLAY

Written by Customer Service on March 17, 2024. Posted in Public Companies.

Fly Play hf: Candidacy for the Board of Directors of PLAY The Annual General Meeting of Fly Play hf. will be held at 16:00 (GMT) on March 21, 2024, at Setrið, Grand Hotel, Reykjavik. Notice about candidature for the Board of Directors expired on the 16th of March at 16:00 (GMT). Five individuals have declared candidacy to the company´s Board of Directors. The company´s Board has declared all submitted candidacies in order in accordance with Article 63.a. of the Act respecting Public Limited Companies, and the company´s Articles of Association. As no additional candidacies were submitted, these candidates will be elected to the Board of Directors without a ballot at the meeting. In the attachment is additional information about the candidates. Attachments Fly Play hf – Candidacy for the Board of Directors –...

Fly Play hf.: New CEO

Written by Customer Service on March 17, 2024. Posted in Public Companies.

Fly Play hf.: New CEO Fly Play hf.’s Board of Directors and the Company’s CEO, Birgir Jónsson, signed an employment termination agreement today. Einar Örn Ólafsson, the Company’s current chairman of the board, will assume the role of PLAY’s CEO. Fly Play hf.’s Board of Directors has hired Einar Örn Ólafsson as the Company’s new CEO. Einar Örn is one of PLAY’s largest shareholders and has been chairman of the board since April 2021. He has rescinded his candidacy as a board member for the election of a new board at the Company’s Annual General Meeting on March 21, 2024. Einar Örn Ólafsson, PLAY’s CEO: “I am really looking forward to this new role. After a great ramp-up phase these past few years under Birgir’s strong leadership, the Company is now at a turning point. As the Company’s largest shareholder, I’d like to see my investment...

Day: March 17, 2024