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Month: May 2024

Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce Receipt of Shareholder Approvals for Merger of Equals

SHIPPENSBURG, Pa. and YORK, Pa., May 30, 2024 (GLOBE NEWSWIRE) — Orrstown Financial Services, Inc. (“Orrstown”) (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. (“Codorus Valley”) (NASDAQ: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, today announced that they each received shareholder approval for the previously announced merger of equals. At a special meeting of shareholders held on May 30, 2024, Codorus Valley’s shareholders approved the merger of Codorus Valley with and into Orrstown, with Orrstown as the surviving corporation (the “Merger”), the Agreement and Plan of Merger, dated as of December 12, 2023 (the “Merger Agreement”), by and between Orrstown and Codorus Valley, and the compensation payable to the named executive officers of Codorus Valley in connection...

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Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce Receipt of Shareholder Approvals for Merger of Equals

SHIPPENSBURG, Pa. and YORK, Pa., May 30, 2024 (GLOBE NEWSWIRE) — Orrstown Financial Services, Inc. (“Orrstown”) (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. (“Codorus Valley”) (NASDAQ: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, today announced that they each received shareholder approval for the previously announced merger of equals. At a special meeting of shareholders held on May 30, 2024, Codorus Valley’s shareholders approved the merger of Codorus Valley with and into Orrstown, with Orrstown as the surviving corporation (the “Merger”), the Agreement and Plan of Merger, dated as of December 12, 2023 (the “Merger Agreement”), by and between Orrstown and Codorus Valley, and the compensation payable to the named executive officers of Codorus Valley in connection...

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Costco Wholesale Corporation Reports Third Quarter and Year-to-Date Operating Results for Fiscal 2024

ISSAQUAH, Wash., May 30, 2024 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the third quarter (twelve weeks) and the first 36 weeks of fiscal 2024, ended May 12, 2024. Net sales for the quarter increased 9.1 percent, to $57.39 billion, from $52.60 billion last year. Net sales for the first 36 weeks increased 7.0 percent, to $171.44 billion, from $160.28 billion last year. Net sales were positively impacted by approximately 0.5 to 1.0 percent for the quarter from the shift of the fiscal calendar, as a result of the fifty-third week last year. The following comparable sales data reflect comparable locations year-over-year and comparable retail weeks. Comparable sales for the third quarter and first 36 weeks of fiscal 2024 were as follows:  12...

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ARMOUR Residential REIT, Inc. Announces June 2024 Dividend Rate Per Common Share

VERO BEACH, Florida, May 30, 2024 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the June 2024 cash dividend for the Company’s Common Stock. June 2024 Common Stock Dividend InformationMonth   Dividend   Holder of Record Date   Payment DateJune 2024   $0.24   June 17, 2024   June 27, 2024Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s board...

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Highest Performances Holdings Inc. Announces Unaudited Financial Results for the First Half of the Fiscal Year 2024

GUANGZHOU, China, May 30, 2024 (GLOBE NEWSWIRE) — Highest Performances Holdings Inc. (NASDAQ: HPH) (“HPH” or the “Company”), today announced its unaudited financial results for the first half of its fiscal year 2024 from July 1, 2023 to December 31, 2023 (the “reporting period”). FINANCIAL HIGHLIGHTS FOR THE FIRST HALF OF THE FISCAL YEAR 2024Net revenues decreased by 48.0% to RMB35.6 million (US$5.0 million) from RMB68.4 million for the same period of the fiscal year 2023; andNet loss was RMB33.3 million (US$4.7 million) and net loss attributable to HPH’s shareholders was RMB33.3 million (US$4.7 million), while HPH recognized net loss and net loss attributable to HPH’s shareholders of RMB31.5 million for the same period of the fiscal year 2023.Mr. Yinan Hu, Chief Executive Officer of HPH, commented, “In the first half of...

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Starting today, Verizon offers new and existing customers iPhone 15, on us, for the first time ever

Verizon’s Ultimate Phone Upgrade, get iPhone 15, on us, with any iPhone trade in. Any Model. Any Condition. Guaranteed for new & current customers with Unlimited Ultimate NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) — Starting today, both new and existing Verizon customers can get the iPhone 15 with any iPhone trade-in, on us1, with the launch of the Ultimate Phone Upgrade. Whether you’re already a customer, just joining us, or have any iPhone in any condition, this offer is for you. And, you don’t need to pay more. The Ultimate Phone Upgrade gives customers on Verizon’s Unlimited Ultimate plan the best iPhone promos when upgrading; this includes the latest iPhone 15 with access to 5G Ultra Wideband, along with speeds that won’t slow down 60GB of mobile hotspot, high-speed international roaming and global calling to a country of...

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GCC Presents Its First Integrated Report

CHIHUAHUA, Mexico, May 30, 2024 (GLOBE NEWSWIRE) — GCC, S.A.B. de C.V. (BMV: GCC* or, “the Company”), a leading producer of cement and concrete in the United States and Mexico, today published its inaugural Integrated Report for the fiscal year 2023. This landmark report marks a significant milestone in GCC’s journey to achieve its 2025 vision to be the best cement company in North America, with the proper balance of people, profit, and the planet. In 2023, GCC delivered record financial growth with unprecedented sales, EBITDA and net income, while also making substantial progress in reducing greenhouse gas emission intensity. This progress underscores the Company’s commitment to decarbonization and its forward momentum toward its 2030 reduction targets, having successfully reduced Scope 1 and 2 net CO2 emissions by 9% and...

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Denny’s Invests $3.3 Million in Holistic Approach to Feeding People: Body, Mind and Soul with Launch of Nationwide Community Alliance

Kickoff Includes Signing of Alliance with 14 Partners including NAACP, HACR and the St. Thomas University Benjamin L. Crump College of Law, and Scholarship PresentationDenny’s Launches Nationwide Community AllianceDenny’s Invests $3.3 Million in Holistic Approach to Feeding People: Body, Mind and Soul with Launch of Nationwide Community AllianceSpartanburg, SC, May 30, 2024 (GLOBE NEWSWIRE) — Denny’s (NASDAQ: DENN), America’s diner, announced today that it is elevating its decades-long commitment to communities nationwide by forming an alliance with 14 influential civic and educational organizations. The alliance is central to the brand’s Community initiative. Denny’s groundwork for the Community initiative began over three decades ago when the company partnered with the NAACP, HACR, and 24 diverse civil rights organizations...

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UAB “Atsinaujinančios energetikos investicijos“ publishes interim financial statements for the 3-month period of 2024

UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its unaudited interim condensed consolidated and separate financial statements for the 3-month period of 2024. Financial results The Company’s objective is to earn a return for the Company’s investors from investments in facilities of the renewable energy infrastructure and related assets. The main financial indicators for the period were:As at 31 March 2024, the Company’s total assets were EUR 200,903 thousand, total equity was EUR 114,064 thousand, and total liabilities were EUR 86,839 thousand. As at 31 March 2024, the Company’s investment assets at fair value through profit or loss were EUR 193,006 thousand, which compared to 31 December 2023, grew by EUR 12,946 thousand or 6.70%. For the period January – March 2024, the Company reported a comprehensive...

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Kvika banki hf.: Kvika and Landsbankinn hf. sign a purchase agreement for TM tryggingar hf.

Kvika banki hf. (“Kvika” or “the bank”) and Landsbankinn hf. signed a purchase agreement today, in which Landsbankinn hf. purchases 100% of TM tryggingar hf. (“TM”) shares. Due diligence review has been completed and the purchase agreement is signed with standard conditions of approval from The Financial Supervisory Authority of the Central Bank of Iceland and the Competition Authority. The purchase price according to the purchase agreement is ISK 28.6 billion and Landsbankinn hf. will pay for the share capital in cash. The purchase price is based on TM’s balance sheet at the end of 2023. The final purchase price will be adjusted for changes in TM’s tangible equity from the beginning of the year 2024 to the completion date, and the amount of the change will be added to or subtracted from the price according...

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