Month: September 2024

TowneBank and Village Bank and Trust Financial Corp. Announce Agreement to Merge

Written by Customer Service on September 24, 2024. Posted in Mergers And Acquisitions.

SUFFOLK, Va. and MIDLOTHIAN, Va., Sept. 24, 2024 (GLOBE NEWSWIRE) — Hampton Roads based TowneBank (NASDAQ: TOWN) and Village Bank and Trust Financial Corp. (NASDAQCM: VBFC) (“Village”), the parent company of Village Bank, today announced the signing of a definitive agreement and plan of reorganization pursuant to which TowneBank will acquire Village and Village Bank. The proposed transaction will enhance TowneBank’s continued and growing presence in the Richmond MSA while providing opportunity for diverse revenue synergies with Towne Financial Services Group and strategic capital deployment. “Our TowneBank family is humbled and excited to partner with Village Bank and its team members,” said G. Robert Aston, Jr., Executive Chairman of TowneBank. “We believe our partnership can bring additional products and expanded services to...

Tallinna Vesi: the electricity price increase changes the price of water services by one cent

Written by Customer Service on September 24, 2024. Posted in Public Companies.

Due to the increase in the price of electricity, Tallinna Vesi has applied to the Competition Authority to revise the prices for water services. The price change will take effect on 1 November and will amount to an average of one cent per cubic metre. According to Aleksandr Timofejev, Chief Executive Officer of Tallinna Vesi, the price of electricity has increased by approximately 19% since the implementation of the current prices for water services. “The cost of electricity is undoubtedly one of the most significant and important factors affecting water treatment. The production of clean drinking water and the treatment of wastewater are both activities that take place non-stop, around the clock – this means that we do not have the possibility to opt for more favourable hours for our electricity consumption,” explained Timofejev. The...

Standard Lithium Reports 2024 Full Year and Fourth Quarter Results

Written by Customer Service on September 24, 2024. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced its financial and operating results for the fiscal fourth quarter and year ended June 30, 2024. “We delivered on our promises in fiscal 2024 with the advancement of our world-class lithium brine assets and by securing a strategic partnership with global energy major, Equinor,” said David Park, CEO and Director of Standard Lithium. “Standard Lithium holds globally-significant lithium brine assets in the Smackover with the potential to help meet the growing demand for sustainable lithium production in the U.S. We are the most advanced DLE play in North America, having proven direct lithium extraction at a commercial...

Village Farms International Acquires Remaining Equity Ownership Interest in Leli Holland

Written by Customer Service on September 24, 2024. Posted in Mergers And Acquisitions.

– Village Farms now owns 100% of Leli Holland, one of 10 licensed producers in the Dutch cannabis program – – Company recently completed construction of its cultivation facility in Drachten – – Leli expects to commence cultivation in October, pending final inspections – VANCOUVER, British Columbia and ORLANDO, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) — Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that it has acquired the remaining equity ownership interest in Leli Holland, B.V. (“Leli”). This transaction increased Village Farms’ equity ownership in Leli to 100 percent from 85 percent. “We are thrilled to complete this transaction as we believe the Dutch market represents one of the most attractive limited-license cannabis market opportunities across the entire globe,” said Michael...

PayMate Announces Intent to Acquire DigiAsia

Written by Customer Service on September 24, 2024. Posted in Mergers And Acquisitions.

Valuing DigiAsia at US $400 Million Introduces PayMate in Indonesia with Immediate Market Share Expansion, Targeting 2025 Public Listing MUMBAI, India and NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) — PayMate India (“PayMate”), a leading provider of B2B payments and services with reputable investors such as Visa & Lightbox, today announced that it has entered into a binding term sheet (the “Proposed Transaction”) for the potential acquisition of DigiAsia Bios Pte Ltd., Singapore, a leading Fintech-as-a-Service (FaaS) company in Indonesia and a fully owned subsidiary of DigiAsia Corporation (NASDAQ: FAAS) (“DigiAsia”). Under the terms of the Proposed Transaction, an enterprise valuation of US $400 Million for DigiAsia’s business has been determined. Additionally, post the Proposed Transaction, PayMate intends to invest up to...

AGF Partners with Archer to Support Rapid Growth of SMA Model Business

Written by Customer Service on September 24, 2024. Posted in Public Companies.

TORONTO , Sept. 24, 2024 (GLOBE NEWSWIRE) — AGF Management Limited (TSX: AGF.B), is pleased to announce a partnership with Archer Holdco, LLC (“Archer”) to help further grow its Separately Managed Accounts (SMA) model business. AGF will leverage the technology capabilities and infrastructure of Archer, a leading technology-enabled service provider to the investment management industry. “We believe Archer will be a key partner as our SMA model business continues to gain momentum and we look to broaden our product offerings and onboard additional investment strategies throughout North America,” said Judy Goldring, President and Head of Global Distribution, AGF Management Limited. “While focusing on new opportunities, we will benefit from Archer’s expertise as they support our business with solutions aligned to meet our evolving needs...

THOR Industries Announces Fourth Quarter Fiscal 2024 Results

Written by Customer Service on September 24, 2024. Posted in Earnings Releases And Operating Results.

Continues Disciplined Approach in Soft Retail Environment2024 Highlights ($ in thousands, except for per share data) Three Months Ended July 31, Fiscal Years Ended July 31, 2024 2023 Change 2024 2023 ChangeNet Sales $ 2,534,167 $ 2,738,066 (7.4)% $ 10,043,408 $ 11,121,605 (9.7)%Gross Profit $ 401,331 $ 394,305 1.8% $ 1,451,962 $ 1,596,353 (9.0)%Gross Profit Margin % 15.8 14.4 +140 bps 14.5 14.4 +10 bpsNet Income Attributable to THOR $ 90,015 $ 90,287 (0.3)% $ 265,308 $ 374,271 (29.1)%Diluted Earnings Per Share $ 1.68 $ 1.68 —% $ 4.94 $ 6.95 (28.9)%Cash Flows from Operations $ 338,016 $ 507,513 (33.4)% $ 545,548 $ 981,633 (44.4)%Fiscal...

AutoZone 4th Quarter Total Company Same Store Sales Increase 1.3%; Domestic Same Store Sales Increase 0.2%; 4th Quarter EPS Increases to $51.58; Annual Sales of $18.5 Billion

Written by Customer Service on September 24, 2024. Posted in Earnings Releases And Operating Results.

MEMPHIS, Tenn., Sept. 24, 2024 (GLOBE NEWSWIRE) — AutoZone, Inc. (NYSE: AZO) today reported net sales of $6.2 billion for its fourth quarter (17 weeks) ended August 31, 2024, an increase of 9.0% from the fourth quarter of fiscal 2023 (16 weeks). Excluding sales from the additional week included in this year’s quarter, adjusted sales were up 2.6%. Same store sales, or sales for our domestic and international stores open at least one year, are computed on a 16-week and 52-week basis and are as follows: ConstantCurrency ConstantCurrency 16 Weeks 16 Weeks* 52 Weeks 52 Weeks* Domestic 0.2 % 0.2 % 0.4 % 0.4 % International 4.9 % 9.9 % 16.1 % 10.2 % Total Company 0.7 % 1.3 % 2.1 % 1.4 % * Excludes impacts from fluctuations of foreign...

Lotus Deploys Ambarella’s Oculii™ AI 4D Imaging Radar Technology in L2+ Semi-Autonomous Systems for Eletre SUV and Emeya Hyper-GT Electric Vehicles

Written by Customer Service on September 24, 2024. Posted in Public Companies.

Lotus Achieves Ultra-Long-Range Detection of Over 300 Meters With High Angular Resolution for Automated Safety and Autopilot Features at Racetrack Speeds Using Fewer Radar Antennas SANTA CLARA, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced in advance of AutoSens Europe that its Oculii™ AI 4D imaging radar technology is deployed worldwide in the 2023 and 2024 Lotus Eletre electric hyper-SUV as well as the 2024 Lotus Emeya fully electric hyper-GT from Lotus Technology. The vehicles’ L2+ semi-autonomous systems that have benefited from this groundbreaking radar technology include highway and urban navigation on autopilot (NOA) and automatic emergency braking (AEB), where the ultra-long detection range of over 300 meters provides more time to safely...

Form 8.3 – [KEYWORDS STUDIOS PLC – 23 09 2024] – (CGWL)

Written by Customer Service on September 24, 2024. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree KEYWORDS STUDIOS PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e) Date position...

Month: September 2024

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