Corporate finance

Dillard’s, Inc. Announces New $500 Million Share Repurchase Program and Declares $0.15 Cash Dividend

Saturday, May 15, 2021 - 6:09pm

b'Dillard\xe2\x80\x99s, Inc. (DDS-NYSE) (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cDillard\xe2\x80\x99s\xe2\x80\x9d) announced that the Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to $500 million of its Class A Common Stock.

Key Points: 
  • b'Dillard\xe2\x80\x99s, Inc. (DDS-NYSE) (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cDillard\xe2\x80\x99s\xe2\x80\x9d) announced that the Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to $500 million of its Class A Common Stock.
  • The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions.
  • At May 1, 2021, authorization of $114.3 million remained under the Company\xe2\x80\x99s March 2018 share repurchase plan.\nThe Board of Directors also declared a cash dividend of $0.15 per share on the Class A and Class B Common Stock of the Company payable August 2, 2021 to shareholders of record as of June 30, 2021.
  • This marks the Company\xe2\x80\x99s 209th consecutive quarterly dividend since becoming a public company in 1969.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210515005013/en/\n'

X Financial Files Annual Report on Form 20-F for Fiscal Year 2020

Saturday, May 15, 2021 - 3:40am

b'SHENZHEN, China, May 14, 2021 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading technology-driven personal finance company in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission ("SEC") on May 14, 2021.

Key Points: 
  • b'SHENZHEN, China, May 14, 2021 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading technology-driven personal finance company in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission ("SEC") on May 14, 2021.
  • The annual report can be accessed on the Company\'s investor relations website at http://ir.xiaoyinggroup.com as well as the SEC\'s website at http://www.sec.gov .\nThe Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request.
  • Requests should be directed to the Company\'s IR Department at ir@xiaoying.com .\nX Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.
  • The Company is committed to connecting borrowers on its platform with its institutional funding partners.

GR0 Names Emy LaCroix as New Senior Manager, Writing & Chief Branding Editor

Saturday, May 15, 2021 - 12:30am

b'LOS ANGELES, May 14, 2021 /PRNewswire-PRWeb/ -- Los Angeles-Based marketing agency GR0 has announced that Emy LaCroix will be its new Senior Manager, Writing & Chief Branding Editor.

Key Points: 
  • b'LOS ANGELES, May 14, 2021 /PRNewswire-PRWeb/ -- Los Angeles-Based marketing agency GR0 has announced that Emy LaCroix will be its new Senior Manager, Writing & Chief Branding Editor.
  • This expertise has had her leading editorial teams, editing work for style and accuracy, and even reporting on Google Trends and SEO research.
  • With her help I can see our written content efforts growing exponentially," said Kevin Miller, Co-Founder and CEO of GR0.
  • "I am very excited to start work and help the company\'s impressive growth continue to trend upward!

ArcLight Clean Transition Corp. Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meeting Date for The Extraordinary General Meeting of Shareho

Friday, May 14, 2021 - 11:22pm

333-252674) (as amended, the "Registration Statement"), which includes a definitive proxy statement/prospectus in connection with ArcLight\'s extraordinary general meeting of shareholders (the "Extraordinary General Meeting") to consider the previously announced proposed business combination (the "Business Combination") with Proterra Inc ("Proterra").

Key Points: 
  • 333-252674) (as amended, the "Registration Statement"), which includes a definitive proxy statement/prospectus in connection with ArcLight\'s extraordinary general meeting of shareholders (the "Extraordinary General Meeting") to consider the previously announced proposed business combination (the "Business Combination") with Proterra Inc ("Proterra").
  • Today, ArcLight began mailing the definitive proxy statement/prospectus and other relevant documents to shareholders of ArcLight as of the record date established for voting on the Business Combination.\nArcLight Clean Transition Corp.
  • "\nArcLight\'s shareholders of record at the close of business on the Record Date are entitled to receive notice of the Extraordinary General Meeting and to vote the ordinary shares of ArcLight owned by them at the Extraordinary General Meeting.
  • No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.\n'

Dundee Corporation Announces Exercise Proceeds of $32.9 Million for Its Warrants Issued to Purchase Shares of Dundee Precious Metals Inc.

Friday, May 14, 2021 - 10:23pm

b'TORONTO, May 14, 2021 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the \xe2\x80\x9cCorporation\xe2\x80\x9d or \xe2\x80\x9cDundee\xe2\x80\x9d) is pleased to announce the successful completion of its warrant exercise program.

Key Points: 
  • b'TORONTO, May 14, 2021 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the \xe2\x80\x9cCorporation\xe2\x80\x9d or \xe2\x80\x9cDundee\xe2\x80\x9d) is pleased to announce the successful completion of its warrant exercise program.
  • Subsequent to March 31, 2021, a total of 4,110,100 unlisted warrants (\xe2\x80\x9cWarrants\xe2\x80\x9d) to acquire shares of Dundee Precious Metals Inc. (\xe2\x80\x9cDundee Precious\xe2\x80\x9d) were exercised at a price of $8.00, providing aggregate proceeds of $32,880,800 to the Corporation.
  • 20,000 Warrants expired on May 13, 2021.
  • Such risks and uncertainties include, but are not limited to, the factors discussed under \xe2\x80\x9cRisk Factors\xe2\x80\x9d in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada.

NexPoint Strategic Opportunities Fund Extends Offer to Purchase Up to All Shares of United Development Funding IV (UDFI)

Friday, May 14, 2021 - 11:00pm

The Company took such action in an effort to frustrate the Offer.

Key Points: 
  • The Company took such action in an effort to frustrate the Offer.
  • Shareholders may obtain a free copy of the Offer to Purchase and the Assignment Form from D.F.
  • The offer to purchase common stock of UDFI will only be made pursuant to the Offer to Purchase, the Assignment Form and related documents.
  • THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, THE ASSIGNMENT FORM AND CERTAIN OTHER TENDER OFFER DOCUMENTS) WILL CONTAIN IMPORTANT INFORMATION.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Dakota Territory Resource Corp.

Friday, May 14, 2021 - 10:18pm

b'NEW YORK, May 14, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Dakota Territory Resource Corp. ("Dakota" or the "Company") (OTC: DTRC) in connection with the Company\'s proposed interested-party merger with JR Resources Corp. ("JR Resources), its largest shareholder.

Key Points: 
  • b'NEW YORK, May 14, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Dakota Territory Resource Corp. ("Dakota" or the "Company") (OTC: DTRC) in connection with the Company\'s proposed interested-party merger with JR Resources Corp. ("JR Resources), its largest shareholder.
  • Under the terms of the merger agreement, JR Resources and the Company have incorporated a new company ("NewCo") that will acquire all of the outstanding securities of JR Resources and of the Company in exchange for securities of NewCo.
  • Shareholders of JR Resources will receive a number of NewCo shares of common stock equal to their percentage shareholding in JR Resources multiplied by the 142,566,667 Dakota shares that JR Resources owns.
  • Shareholders of the Company other than JR Resources will receive one share of common stock of NewCo for each share of common stock of Dakota that they hold.\nIf you own Dakota shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:\n'

Shawcor Reports Voting Results from Annual and Special Meeting

Friday, May 14, 2021 - 9:30pm

b'TORONTO, May 14, 2021 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual and Special Meeting held May 13, 2021 in Toronto, Ontario.\nA total of 36,474,004 common shares were voted at the meeting representing 51.77% of the votes attached to all outstanding shares.

Key Points: 
  • b'TORONTO, May 14, 2021 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual and Special Meeting held May 13, 2021 in Toronto, Ontario.\nA total of 36,474,004 common shares were voted at the meeting representing 51.77% of the votes attached to all outstanding shares.
  • Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows:\n'

Havertys Announces Increase in Quarterly Dividend

Friday, May 14, 2021 - 9:20pm

b'ATLANTA, May 14, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of directors authorized an increase in its quarterly cash dividend.

Key Points: 
  • b'ATLANTA, May 14, 2021 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of directors authorized an increase in its quarterly cash dividend.
  • The board approved raising the quarterly dividend 13.6% from $0.22 per share to $0.25 per share on the company\xe2\x80\x99s common stock.
  • The quarterly dividend for the company\xe2\x80\x99s Class A common stock was also increased from $0.20 per share to $0.23 per share.
  • The dividend is payable on June 16, 2021, to stockholders of record at the close of business on June 1, 2021.

Danimer Scientific Announces Redemption of Public Warrants

Friday, May 14, 2021 - 9:59pm

At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.\nThe Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants, at the exercise price of $11.50 per share.

Key Points: 
  • At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.\nThe Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants, at the exercise price of $11.50 per share.
  • Danimer\xe2\x80\x99s technology can be found in a vast array of plastic end products that people use every day.
  • Danimer now holds more than 150 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations.
  • We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005546/en/\n"