Month: May 2024

Belships has entered into agreements for the sale of BELFRIEND and BELTIDE, Supramax bulk carriers built in 2016, for a price of USD 28.3m per vessel. Delivery is expected to occur within Q3 2024 and the Company will realise a gain of approximately USD 3m per vessel. Both vessels are free of debt, therefore total cash proceeds to the company will be USD 56.6m. “Belships acquired these two vessels in 2021 and the investment has yielded a return on equity of more than 100 per cent, displaying our ability to source accretive transactions and efficient use of capital. The extraordinary return is mainly due to prudent contract coverage ensuring higher earnings compared to the spot market,” said Lars Christian Skarsgård, CEO of Belships ASA. Including 10x newbuildings to be delivered between 2024-2028, the Belships fleet will count 38x vessels,...

Hamilton, Bermuda May 10, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) announce the successful sale of the Very Large Gas Carrier (VLGC) newbuilding hull 2368 in connection with the delivery of her from Hanwha Ocean yard in South Korea. The VLGC with the intended name Avance Pollux was sold for an agreed price of $120 million less broker commission as previously announced in a press release dated December 8, 2023. The Company expect to record a book gain and cash release of $36 million and $62 million respectively from the sale which will be recorded in the second quarter results. Øystein Kalleklev, CEO, commented:“During approximately the last three years we have sold all our five 2008 and 2009 built VLGCs as well as our two dual fuel VLGCs for delivery this year. All in all, we have received gross proceeds from...

IRVINE, Calif., May 09, 2024 (GLOBE NEWSWIRE) — Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a leading water infrastructure company, today announced that the company will release its first quarter 2024 results after the market close on Monday, May 13, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13746225. The replay will be available until 11:59 p.m. (ET) on May 30, 2024. Interested investors and other parties may also listen to a simultaneous webcast of the...

MENLO PARK, Calif., May 09, 2024 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (the “Company” or Runway Growth”), a specialty finance company focused on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries, today announced the pricing of the previously announced underwritten secondary offering of 3,750,000 shares of its common stock by OCM Growth Holdings LLC (the “Selling Stockholder”), pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”), at a public offering price of $11.50 per share. In connection with the offering, the Selling Stockholder has granted the underwriters a 30-day option to purchase...

MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) held its annual and special meeting of shareholders (the “Meeting”) in a hybrid format on May 9, 2024. A total of 100,706,549 common shares (representing approximately 81% of all issued and outstanding common shares of the Corporation) were represented at the Meeting. WSP hereby announces that shareholders of the Corporation (the “Shareholders”) voted in favour of all items of business put forth at the Meeting by the Corporation. The complete voting results for each item of business at the Meeting are presented below. ELECTION OF DIRECTORSThe Board of Directors of the Corporation had fixed at eight the number of directors to be elected at the Meeting. Following the vote at the Meeting, each of the eight nominees listed in the Corporation’s...

All amounts are stated in United States dollars unless otherwise indicatedRevenue of $11.7 million Robust sales pipeline with 2 additional customer wins Total Contract Value (“TCV”)(1) bookings of $21.8 million Gross margin of 58% Adjusted EBITDA(1) loss of $2.3 million Adjusted EPS(1) loss of $(0.98) $12.0 million of cashTORONTO, May 09, 2024 (GLOBE NEWSWIRE) — Optiva Inc. (“Optiva” or “the Company”) (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today released its first quarter financial results for the three-month period ended March 31, 2024. Demonstrating continued momentum, Optiva signed contracts with two new customers leveraging telecom opportunities in Africa during the three-month period ended March 31, 2024. Over...

WEST LAFAYETTE, Ind., May 09, 2024 (GLOBE NEWSWIRE) — Inotiv, Inc. (Nasdaq: NOTV) (the “Company”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services, today announced that the release of the Company’s financial results for the three and six months ended March 31, 2024 and the conference call to discuss the results that were originally scheduled for Friday, May 10, 2024 are being rescheduled to provide the Company additional time to complete the accounting analyses related to certain matters. Specifically, as previously disclosed, the Company has been cooperating with the U.S. Department of Justice (the “DOJ”) and other authorities related to an investigation by those authorities into various matters relating...

VANCOUVER, British Columbia, May 09, 2024 (GLOBE NEWSWIRE) — AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) today announces that the failure to file cease trade order (the “FFCTO”) issued by the British Columbia Securities Commission on May 6, 2024 has been revoked effective today and Canadian trading in the class A trust units of the Trust will resume. The FFCTO was issued following the Trust’s delay in filing its audited consolidated annual financial statements, management’s discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2023 and accompanying management discussion and analysis prior to the applicable deadline. About AIP Realty TrustAIP Realty Trust is a real estate investment trust with a growing portfolio of AllTrades branded Serviced Industrial Business Suites (“SIBS”)...