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Day: May 30, 2024

FRO – First Quarter 2024 Results

FRONTLINE PLC REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three months ended March 31, 2024: HighlightsProfit of $180.8 million, or $0.81 per share for the first quarter of 2024. Adjusted profit of $137.9 million, or $0.62 per share for the first quarter of 2024. Declared a cash dividend of $0.62 per share for the first quarter of 2024. Reported revenues of $578.4 million for the first quarter of 2024. Took delivery of the remaining 13 VLCCs from Euronav NV (“Euronav”) as part of the acquisition of 24 VLCCs (the “Acquisition”). Achieved average daily spot VLCC time charter equivalent earnings (”TCEs”)1 of $48,100 per day , comprised of $54,200 per day for the Company’s existing VLCC fleet prior to the Acquisition...

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SIKA RECEIVED SBTi VALIDATION FOR ITS NET-ZERO TARGETS

SIKA RECEIVED SBTi VALIDATION FOR ITS NET-ZERO TARGETS Sika’s near and long-term emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science Based Targets initiative (SBTi)1. This important achievement underscores Sika’s commitment to sustainability and its proactive role in decarbonizing the construction and automotive industries. By 2032, Sika is committed to reducing its greenhouse gas (GHG) emissions by 50.4% compared to the 2022 baseline, for scope 1 and scope 2 emissions, whilst advancing its growth strategy. These include direct emissions from owned or controlled sources, as well as indirect emissions from purchased electricity, steam, heating, and cooling. Over the same period, the company is also committed to reducing its scope 3 emissions by 30%, which includes all other indirect emissions...

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JCDecaux sells part of its stake in APG|SGA to NZZ

JCDecaux sells part of its stake in APG|SGA to NZZ Paris, 30 May 2024 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that it has concluded an agreement to sell part of its stake in APG|SGA, the leading out-of-home media company in Switzerland, to NZZ a leading Swiss press group who will become the first shareholder of the company. The transaction is expected to be completed in the coming days. Following the disposal process announced with Pargesa Asset Management S.A. (a fully owned subsidiary of Compagnie Nationale à Portefeuille, an investment company of the Frère Family) announced on February 27th and considering attractive financial and strategic options for its shares in APGISGA, JCDecaux SE will sell 13.56% of APGISGA to NZZ for CHF 220 per share. Post-transaction, NZZ will hold...

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Microchip Technology Announces Pricing of Offering of $1.1 Billion of Convertible Senior Notes

CHANDLER, Ariz., May 29, 2024 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced the pricing of $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Microchip also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date Microchip first issues the notes, up to an additional $150 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on May 31, 2024,...

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Regenx Announces Filing of Annual Documents

EDMONTON, Alberta, May 29, 2024 (GLOBE NEWSWIRE) — Regenx Tech Corp., (the “Company” or “Regenx”) (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN:A2DSW3) announces that, further to its news releases dated April 12th, May 1st, May 13th and May 24th 2024, the Corporation has filed its annual financial ‎statements, management’s discussion and analysis, and related certifications for the year ended ‎December 31, 2023 (collectively, the “Annual Fillings”). The Corporation expects that the management ‎cease trade order (the “MCTO”) that was issued on May 1st, 2024 will be revoked in the coming days. ‎While the MCTO remains in effect, the general investing public will continue to be able to trade the ‎Corporation’s securities. However, for the duration of the MCTO, the Chief Executive Officer and Chief ‎Financial Officer of the Corporation...

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Merus Announces Pricing of Upsized Public Offering of Common Shares

UTRECHT, The Netherlands and CAMBRIDGE, Mass., May 29, 2024 (GLOBE NEWSWIRE) — Merus N.V. (Nasdaq: MRUS) (“Merus”, the “Company,” “we” and “our”), a clinical-stage oncology company developing innovative, full-length multispecific antibodies (Biclonics® and Triclonics®), today announced the pricing of an upsized underwritten public offering of 7,550,000 common shares, at a public offering price of $53.00 per share (the “Offer Shares”). Merus also granted the underwriters a 30-day option to purchase up to an additional 1,132,500 common shares (the “Option Shares” and together with the Offer Shares, the “Shares”). The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses and excluding the underwriters’ option to purchase the Option Shares, are expected to be approximately...

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Poet Technologies Announces the Amendment and Acceleration of Warrants

TORONTO, May 29, 2024 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation“) (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that, further to its news release dated March 22, 2024, it received approval today from the TSX Venture Exchange (the “Exchange”) to amend the terms of 539,318 common share purchase warrants of the Corporation (the “Amended Warrants“) that were issued pursuant to a private placement that closed on December 2, 2022 (the “Private Placement“). The Amended Warrants are now exercisable to acquire one common share of the Corporation (each, a “Common...

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AltaGas and Vopak reach positive final investment decision on Ridley Island Energy Export Facility

AltaGas and Vopak reach positive final investment decision on Ridley Island Energy Export Facility World class export facility will strengthen Canada’s position as a growing global energy exporter Calgary and Prince Rupert, Canada; Rotterdam, The Netherlands 29 May 2023 – 6:30pm Mountain Standard Time / 30 May 2023 – 3:30 Central European Time. All figures contained in the press release are in Canadian dollars unless otherwise stated. AltaGas Ltd. (“AltaGas”) (TSX: ALA) and Royal Vopak (“Vopak”) (XAMS: VPK) (together the “Joint Venture”, “Partners” or “Partnership”) are pleased to announce a positive final investment decision (FID) on the Ridley Island Energy Export Facility (REEF), a large-scale liquefied petroleum gas (LPG) and bulk liquids terminal with rail, logistics and marine infrastructure on Ridley Island, British Columbia, Canada....

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LNG Energy Group Reports Financial and Operating Results for the First Quarter of 2024

Key Highlights:Operating netbacks of U.S.$5.28/Mcf natural gas and $56.58/bbl condensate ($31.23/boe). Repayment of U.S.$8.9 million in senior bank indebtedness to date. Conditionally awarded two Productive Participation Contracts (“CPPs”) to develop and produce hydrocarbons in Venezuela.TORONTO, May 29, 2024 (GLOBE NEWSWIRE) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) (the “Corporation” or “LNG Energy Group”) is pleased to announce its financial and operating results for the quarter ended on March 31, 2024. All dollar amounts are expressed in United States dollars, except where otherwise indicated. “In 2024, we continue to focus on growing the production of our Colombian portfolio in a capital efficient manner,” commented Pablo Navarro, Chief Executive Officer and Chairman of the Corporation....

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Dayforce Continues Global Momentum with Launch of Dayforce Payroll in Singapore

Single platform for pay and time streamlines payroll, drives efficiency, and strengthens compliance MINNEAPOLIS and SINGAPORE, May 29, 2024 (GLOBE NEWSWIRE) — Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced the introduction of its industry-leading payroll capabilities to the Singapore market with the launch of Dayforce Payroll for Singapore. Today’s announcement will enable Dayforce to better serve its customers operating in Singapore and across Asia, while representing a significant milestone in the company’s growth journey. This is critical as leaders currently face a complexity crisis marked by a new, boundless workforce that’s increasingly fluid, borderless, and always on. Globally recognized as a centre for digital innovation, Singapore is home...

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