Proposal

Summons to written resolution – Proposed amendment to the unsecured bonds, supported by the majority of bonds outstanding

Retrieved on: 
Tuesday, May 9, 2023

The background for the proposal is the significant strengthening of the Company’s financial position since the issuance of the unsecured bonds.

Key Points: 
  • The background for the proposal is the significant strengthening of the Company’s financial position since the issuance of the unsecured bonds.
  • The Company is therefore seeking to make certain amendments to the definition of Permitted Distribution, to increase the Company’s flexibility for potential future shareholder returns in return for a one-off financial compensation to the bondholders and implementation of an incurrence test.
  • The summons for a written resolution including details on the Amendment Proposal is attached to this press release.
  • The Voting Period shall expire on 25 May 2023 at the latest, at which point the final outcome of the Proposal will be decided and made public.

The Special Committee of the Board of Directors of Liminal Biosciences Retains an Independent Financial Advisor in Response to Unsolicited Non-Binding Transaction Proposal

Retrieved on: 
Monday, May 8, 2023

The Special Committee has retained BMO Capital Markets as its independent financial advisor and to provide a formal valuation of the common shares of the Company in accordance with Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions.

Key Points: 
  • The Special Committee has retained BMO Capital Markets as its independent financial advisor and to provide a formal valuation of the common shares of the Company in accordance with Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions.
  • The Special Committee will evaluate the Proposal and all viable alternatives that may be available to the Company.
  • No decisions or recommendations have been made by the Special Committee regarding the transactions that are the subject of the Proposal at this time.
  • Shareholders do not need to take any action with respect to the Proposal at this time.

The Special Committee of the Board of Directors of Liminal Biosciences Retains an Independent Financial Advisor in Response to Unsolicited Non-Binding Transaction Proposal

Retrieved on: 
Monday, May 8, 2023

The Special Committee has retained BMO Capital Markets as its independent financial advisor and to provide a formal valuation of the common shares of the Company in accordance with Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions.

Key Points: 
  • The Special Committee has retained BMO Capital Markets as its independent financial advisor and to provide a formal valuation of the common shares of the Company in accordance with Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions.
  • The Special Committee will evaluate the Proposal and all viable alternatives that may be available to the Company.
  • No decisions or recommendations have been made by the Special Committee regarding the transactions that are the subject of the Proposal at this time.
  • Shareholders do not need to take any action with respect to the Proposal at this time.

EQS-News: Steinhoff International Holdings N.V. : PUBLICATION OF UPDATED WHOA RESTRUCTURING PLAN

Retrieved on: 
Wednesday, April 26, 2023

Further to its announcement of 25 April 2023, Steinhoff International Holdings N.V. (“SIHNV” or the “Company”) announces the following update on its Dutch law restructuring plan (akkoord) (“WHOA Restructuring Plan”).

Key Points: 
  • Further to its announcement of 25 April 2023, Steinhoff International Holdings N.V. (“SIHNV” or the “Company”) announces the following update on its Dutch law restructuring plan (akkoord) (“WHOA Restructuring Plan”).
  • After the publication of the draft WHOA Restructuring Plan on 29 March 2023, a consultation period commenced during which affected stakeholders were able to submit their views on the draft WHOA Restructuring Plan to the Company.
  • As set out more extensively in the WHOA Restructuring Plan, the Company believes that the WHOA Restructuring Plan offers material compelling benefits, including:
    Stable Platform: The implementation of the WHOA Restructuring Plan will enable the Group to continue to operate under the new ownership structure without facing the imminent pressure of a default, bankruptcy or enforcement.
  • Confirmation Order – the date on which the Dutch Court confirms the WHOA Restructuring Plan and the WHOA Restructuring Plan becomes binding and effective.

VERB Announces Stockholder Approved Reverse Split

Retrieved on: 
Tuesday, April 18, 2023

NEWPORT BEACH, Calif. and SALT LAKE CITY, April 18, 2023 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live , its livestream social shopping platform, today announced that its Board of Directors authorized the stockholder approved 1-for-40 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted basis at the commencement of trading April 19, 2023.

Key Points: 
  • NEWPORT BEACH, Calif. and SALT LAKE CITY, April 18, 2023 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live , its livestream social shopping platform, today announced that its Board of Directors authorized the stockholder approved 1-for-40 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted basis at the commencement of trading April 19, 2023.
  • The Company expects that the stockholder approved reverse stock split will increase the market price per share of the Company's common stock, bringing the Company into compliance with The Nasdaq Capital Market's $1.00 minimum bid price listing requirement.
  • Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, and will not be required to take any action in connection with the reverse stock split.
  • Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder.

Meketa Announces Results of Diversity, Equity & Inclusion Questionnaire

Retrieved on: 
Tuesday, April 4, 2023

Meketa Investment Group (Meketa), a global investment consulting and fiduciary management (OCIO) firm, today announced the results of its annual questionnaire aimed at evaluating asset managers’ efforts for a deeper understanding of Diversity, Equity & Inclusion (“DEI”) within their organizations.

Key Points: 
  • Meketa Investment Group (Meketa), a global investment consulting and fiduciary management (OCIO) firm, today announced the results of its annual questionnaire aimed at evaluating asset managers’ efforts for a deeper understanding of Diversity, Equity & Inclusion (“DEI”) within their organizations.
  • The firm’s Diversity, Equity & Inclusion Questionnaire was distributed to public and private market managers in Meketa’s proprietary database.
  • This was the third year in a row Meketa asked firms to complete the questionnaire to report on their DEI efforts.
  • “Meketa remains committed to making the institutional investment industry more resilient and equitable,” said Stephen McCourt, co-CEO, Meketa Investment Group.

Lufax Makes Further Announcement about Extraordinary General Meeting to be Held on April 12, 2023

Retrieved on: 
Monday, April 10, 2023

The Notice had been published on the Company's website at https://ir.lufaxholding.com/ on March 13, 2023.

Key Points: 
  • The Notice had been published on the Company's website at https://ir.lufaxholding.com/ on March 13, 2023.
  • All other matters that had been previously announced regarding EGM will remain the same.
  • The Adjournment of the Proposals is subject to approval by at least a majority of the shareholders present, whether in person or by proxy, at the EGM.
  • As previously announced, the EGM will be held on April 12, 2023 at 9:00 a.m. (local time) at No.

CURO Responds to Federal Government of Canada's Proposed 2023 Budget

Retrieved on: 
Thursday, March 30, 2023

CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or “Company”), a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. and Canada, responds to the federal government of Canada’s proposed 2023 Budget.

Key Points: 
  • CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or “Company”), a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. and Canada, responds to the federal government of Canada’s proposed 2023 Budget.
  • On March 28, 2023, the federal government of Canada announced, in connection with its proposed federal budget, its intent to introduce legislation to reduce the maximum allowable rate of interest under its criminal code from an annual percentage rate (“APR”) of 47% to an APR of 35% (the “Proposal”).
  • During this process, we look forward to working with the federal government of Canada and other industry participants to demonstrate how our customers will be harmed by the Proposal, particularly at a time when they need a financial service like ours more than ever.
  • We believe it is too early to determine the long-term impact of the Proposal on the Company’s businesses considering no draft legislation or legislative commentary is available.

Northeastern Illinois University Exceeds Goals for its Business Enterprise Program

Retrieved on: 
Tuesday, March 21, 2023

The Business in Enterprise Program (BEP), created by the state of Illinois in 1994 to promote the economic development of underrepresented businesses owned by minorities, women, and persons with disabilities, bridges this gap by ensuring fair access and equitable opportunities.

Key Points: 
  • The Business in Enterprise Program (BEP), created by the state of Illinois in 1994 to promote the economic development of underrepresented businesses owned by minorities, women, and persons with disabilities, bridges this gap by ensuring fair access and equitable opportunities.
  • As a Hispanic Serving Institution (HSI), Northeastern Illinois University believes in a diverse student body and the importance of diversity among the vendors they utilize to provide goods and services to the institution.
    "
  • Under the purview of the Commission on Equity and Inclusion, BEP requires state agencies and public universities to conduct a certain percentage of business with BEP vendors.
  • In the fiscal year 2022, Northeastern Illinois University exceeded their BEP goal by almost 16%.

Purpose Investments Announces Proposal to Expand the Investment Objectives of Purpose High Interest Savings Fund

Retrieved on: 
Friday, March 17, 2023

TORONTO, March 17, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced that its board of directors have approved a proposal to expand the investment objectives of Purpose High Interest Savings Fund (the “Fund”), the world’s first high-interest savings ETF, which launched in October 2013 and established a new category of ETFs, as follows (the “Proposal”).

Key Points: 
  • TORONTO, March 17, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced that its board of directors have approved a proposal to expand the investment objectives of Purpose High Interest Savings Fund (the “Fund”), the world’s first high-interest savings ETF, which launched in October 2013 and established a new category of ETFs, as follows (the “Proposal”).
  • Purpose does not expect to make any changes to the Fund’s portfolio in the near term as a result of the proposed change to the Fund’s investment objectives.
  • “With the Purpose High Interest Savings Fund, our firm was the first in the world to offer retail investors a high-interest savings ETF that provided a safe and attractive yield option for their cash balances.
  • The Fund will continue to deposit its assets in high interest deposit accounts with Schedule I Canadian Banks for the foreseeable future.