Corporate action

Croatia Modernizes Their Capital Markets Infrastructure with Montran

Retrieved on:

Thursday, October 12, 2023

Partnership, Central Depository Services, Central securities depository, STP, ISO, CSD, Growth, Corporate action, Islamabad Wildlife Management Board, Eurozone, Security (finance)

ZAGREB, Croatia, Oct. 12, 2023 /PRNewswire/ -- On September 11, 2023, Croatia's financial landscape took a bold step into the future. Središnje Klirinško Depozitarno Društvo (SKDD), also known as the Central Depository & Clearing Company of Croatia, announced the successful launch of its new Central Securities Depository (CSD) platform. This new platform enables the commencement of operations on the European securities settlement platform, TARGET2-Securities (T2S).

Key Points:

Središnje Klirinško Depozitarno Društvo (SKDD), also known as the Central Depository & Clearing Company of Croatia, announced the successful launch of its new Central Securities Depository (CSD) platform.
This new platform enables the commencement of operations on the European securities settlement platform, TARGET2-Securities (T2S).
This milestone achievement realized in partnership with Montran, signifies a pivotal moment in the evolution of Croatia's Capital Markets Infrastructure.
"We are confident this platform will drive innovation and growth in the Croatian capital market."

Croatia Modernizes Their Capital Markets Infrastructure with Montran

Retrieved on:

Thursday, October 12, 2023

Partnership, Central Depository Services, Central securities depository, STP, ISO, CSD, Growth, Corporate action, Islamabad Wildlife Management Board, Eurozone, Security (finance)

ZAGREB, Croatia, Oct. 12, 2023 /PRNewswire/ -- On September 11, 2023, Croatia's financial landscape took a bold step into the future. Središnje Klirinško Depozitarno Društvo (SKDD), also known as the Central Depository & Clearing Company of Croatia, announced the successful launch of its new Central Securities Depository (CSD) platform. This new platform enables the commencement of operations on the European securities settlement platform, TARGET2-Securities (T2S).

Key Points:

Središnje Klirinško Depozitarno Društvo (SKDD), also known as the Central Depository & Clearing Company of Croatia, announced the successful launch of its new Central Securities Depository (CSD) platform.
This new platform enables the commencement of operations on the European securities settlement platform, TARGET2-Securities (T2S).
This milestone achievement realized in partnership with Montran, signifies a pivotal moment in the evolution of Croatia's Capital Markets Infrastructure.
"We are confident this platform will drive innovation and growth in the Croatian capital market."

Mallinckrodt plc (in examinership) Receives U.S. Court Approval for Financial Restructuring Plan

Retrieved on:

Tuesday, October 10, 2023

Bankruptcy, Chapter 11, Title 11, United States Code, Wachtell, Lipton, Rosen & Katz, Latham & Watkins, Trust, United States bankruptcy court, Guggenheim Partners, The Company, Patient, AlixPartners, Security (finance), Mallinckrodt, Corporate action

Siggi Olafsson, President and Chief Executive Officer of Mallinckrodt, said, "We are pleased to achieve this important milestone and look forward to moving ahead as a stronger company.

Key Points:

Siggi Olafsson, President and Chief Executive Officer of Mallinckrodt, said, "We are pleased to achieve this important milestone and look forward to moving ahead as a stronger company.
We appreciate the significant support of our financial stakeholders, which has enabled us to reach this point quickly and without interruption to our patients, customers, employees or business partners."
Upon emergence, Mallinckrodt will eliminate approximately $1.9 billion of total funded debt and ownership of the business will transition to the Company's creditors.
Guggenheim Securities, LLC is serving as investment banker, and AlixPartners LLP is serving as restructuring advisor.

Mallinckrodt plc (in examinership) Receives U.S. Court Approval for Financial Restructuring Plan

Retrieved on:

Tuesday, October 10, 2023

Siggi Olafsson, President and Chief Executive Officer of Mallinckrodt, said, "We are pleased to achieve this important milestone and look forward to moving ahead as a stronger company.

Key Points:

Siggi Olafsson, President and Chief Executive Officer of Mallinckrodt, said, "We are pleased to achieve this important milestone and look forward to moving ahead as a stronger company.
We appreciate the significant support of our financial stakeholders, which has enabled us to reach this point quickly and without interruption to our patients, customers, employees or business partners."
Upon emergence, Mallinckrodt will eliminate approximately $1.9 billion of total funded debt and ownership of the business will transition to the Company's creditors.
Guggenheim Securities, LLC is serving as investment banker, and AlixPartners LLP is serving as restructuring advisor.

Gouverneur Bancorp, Inc. Announces Stockholder and Member Approval of Conversion and Further Extension of Conversion Offering

Retrieved on:

Friday, September 29, 2023

OTC Markets Group, MHC, Sale, Bank, Corporate action, Security (finance), Insurance

Prior to the expiration of the community offering, Gouverneur Bancorp, Inc. may also commence a syndicated community offering to sell the shares of common stock not subscribed for in the subscription offering or the community offering and will publicly announce the commencement of any such syndicated community offering.

Key Points:

Prior to the expiration of the community offering, Gouverneur Bancorp, Inc. may also commence a syndicated community offering to sell the shares of common stock not subscribed for in the subscription offering or the community offering and will publicly announce the commencement of any such syndicated community offering.
All questions concerning the conversion and stock offering or requests for stock offering materials should be directed to the Stock Information Center at (877) 643-8198 (toll-free).
Gouverneur Bancorp, Inc. must sell at least 722,500 shares of its common stock in the stock offering in order to complete the conversion and stock offering.
Completion of the conversion and stock offering is also subject to the receipt of final regulatory approvals and the satisfaction of other customary closing conditions.

Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards

Retrieved on:

Wednesday, September 27, 2023

The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company.

Key Points:

The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company.
The Restated Plan is designed to align the interests of eligible participants with those of the Company’s shareholders.
The Board of Directors of the Company adopted the Restated Plan to effect changes to the management incentive plan approved by the Board of Directors in August 2022 (the “Plan”) that were intended in part to address feedback received from shareholders of the Company.
The Restated Plan will become effective upon its approval by the Company’s shareholders at the Company’s upcoming Annual General Meeting.

SeqLL Announces Cash and Stock Dividend Record Date

Retrieved on:

Friday, September 15, 2023

Agreement, Plan, SQL, Date, Tripura Merger Agreement, Bangladesh Securities and Exchange Commission, Mergers and acquisitions, Security (finance), Corporate action, Holding company

The dividend distribution of shares of common stock of the Company and the cash dividend will be made to all SeqLL common stockholders of record as of the close of business on September 26, 2023 (the "Record Date").

Key Points:

The dividend distribution of shares of common stock of the Company and the cash dividend will be made to all SeqLL common stockholders of record as of the close of business on September 26, 2023 (the "Record Date").
No vote or action is required by SeqLL shareholders to receive the special stock and cash dividends.
SeqLL shareholders who hold their shares through brokers or other nominees will have their shares of common stock and cash dividend credited to their accounts by their nominees or brokers.
Shareholders are encouraged to consult with their financial advisor regarding the specific implications of trading SeqLL common stock prior to or on the Record Date.

Flowcarbon Convenes Key Carbon Markets Leaders for Inaugural Carbon Smart Summit

Retrieved on:

Friday, September 15, 2023

Flowcarbon, the trailblazing carbon finance and technology company dedicated to scaling the voluntary carbon market, is proud to announce a roster of more than 40 speakers for its first-ever Carbon Smart Summit.

Key Points:

Flowcarbon, the trailblazing carbon finance and technology company dedicated to scaling the voluntary carbon market, is proud to announce a roster of more than 40 speakers for its first-ever Carbon Smart Summit.
Set against the backdrop of Climate Week NYC, this all-day event will take place on September 19 at the Kimpton Hotel Eventi in New York City, with doors opening at 8 a.m.
Flowcarbon's Carbon Smart Summit will offer an unprecedented gathering of leading voices from across the carbon markets, focusing on such topics as policy and regulatory developments, the future of carbon avoidance and removals credits, innovative carbon finance structures, emerging market infrastructure, trends in corporate commitments, and the intersection of carbon markets and blockchain technology.
The distinguished lineup of speakers features luminaries from across the carbon market industry, including:
● Scarlett Benson, Beyond Value Chain Mitigation Lead, Science Based Targets initiative (SBTi)
● Alexia Kelly, Managing Director, Carbon Policy and Markets Initiatives, High Tide Foundation
● Kelley Kizzier, Director of Corporate Action and Markets, Bezos Earth Fund
“This Summit promises to be an exceptional gathering of those leading the market-defining institutions and initiatives in the VCM, in addition to new innovators, visionaries and builders committed to advancing the Voluntary Carbon Market (VCM) and helping it at a pivotal moment of growth and transformation,” says Flowcarbon CEO Dana Gibber.
“We look forward to hosting our community and facilitating in-depth conversations while also welcoming many carbon-curious professionals from the broader finance, investment and technology sectors — all of whom we are gratified to initiate into this exciting and impactful market.”

ChargePoint Reports Second Quarter Fiscal Year 2024 Financial Results

Retrieved on:

Wednesday, September 6, 2023

ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint”), a leading provider of networked solutions for charging electric vehicles (EVs), today reported results for its second quarter of fiscal 2024 ended July 31, 2023.

Key Points:

ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint”), a leading provider of networked solutions for charging electric vehicles (EVs), today reported results for its second quarter of fiscal 2024 ended July 31, 2023.
Networked charging systems revenue for the second quarter was $114.6 million, up 36% from $84.1 million in the prior year’s same quarter.
For the fourth fiscal quarter ending January 31, 2024, ChargePoint expects non-GAAP operating expenses of $79 million to $82 million.
ChargePoint will host a webcast today at 1:30 p.m. Pacific / 4:30 p.m. Eastern to review its second quarter fiscal 2024 financial results, and its outlook for the third quarter, fourth quarter and full fiscal year 2024.

Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Shareholder Approval of its Reorganization into Center Coast Brookfield Midstream Focus Fund

Retrieved on:

Wednesday, August 16, 2023

Lovell Minnick Partners, Financial adviser, Person, CEN, Prospectus, Risk, Special, Security (finance), Fund, NYSE, Corporate action

NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) announced that at the Special Meeting of Shareholders held today shareholders approved the proposed reorganization of CEN into Center Coast Brookfield Midstream Focus Fund (the “Reorganization”).

Key Points:

NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) announced that at the Special Meeting of Shareholders held today shareholders approved the proposed reorganization of CEN into Center Coast Brookfield Midstream Focus Fund (the “Reorganization”).
Detailed information on the Reorganization is contained in the Joint Proxy Statement/Prospectus previously filed with the SEC.
Quasar Distributors, LLC is the distributor of Brookfield Investment Funds (U.S. Mutual Funds) and Brookfield Public Securities Group LLC is the Investment Adviser.
Foreside Fund Services, LLC, distributor and sub-placement agent for Center Coast Brookfield MLP & Energy Infrastructure Fund.