United Kingdom company law

Barrick Announces Investment in Hercules Silver

Retrieved on:

Monday, November 6, 2023

TD Tower, Suite, TSX Venture Exchange, Sale, Gold, NYSE, Brookfield Place, Private, United Kingdom company law, Private placement, TD, Barrick Gold, TSX, Security (finance), Bay Street

Barrick currently owns 5,291,500 common shares of Hercules, representing approximately 2.73% of Hercules’ issued and outstanding common shares on a non-diluted basis.

Key Points:

Barrick currently owns 5,291,500 common shares of Hercules, representing approximately 2.73% of Hercules’ issued and outstanding common shares on a non-diluted basis.
Following the Private Placement, Barrick will hold 26,556,870 common shares of Hercules and 6,804,918 warrants, representing approximately 12.33% of Hercules’ issued and outstanding common shares on a non-diluted basis, and 15.02% on a partially-diluted basis.
In connection with the Private Placement, Barrick and Hercules will enter into an investor rights agreement (“Investor Rights Agreement”).
Pursuant to the Investor Rights Agreement, provided that Barrick maintains an ownership interest in Hercules of at least 5%, Barrick will be entitled to anti-dilution and information rights, as well as a right of first refusal in respect of the sale by Hercules of any interest in its 100% owned Hercules Silver Project, located in Washington County, Idaho.

FiscalNote Announces Expansion of Global Policy and Analysis Coverage to Include China

Retrieved on:

Monday, November 6, 2023

FiscalNote (NYSE: NOTE), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced the expansion of its global policy coverage to include the People’s Republic of China - adding to its existing market-leading coverage of over 80 countries that provides unparalleled legislative and regulatory monitoring, tracking, news, and analysis to customers who are the world’s most important and influential decision makers.

Key Points:

FiscalNote (NYSE: NOTE), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced the expansion of its global policy coverage to include the People’s Republic of China - adding to its existing market-leading coverage of over 80 countries that provides unparalleled legislative and regulatory monitoring, tracking, news, and analysis to customers who are the world’s most important and influential decision makers.
The coverage further extends to proposed and enacted laws, regulations, and public consultations at the local level across China’s myriad autonomous regions, provinces, and municipalities.
FiscalNote’s expansion of coverage to include China equips our customers with essential monitoring, crucial updates, and timely analysis of legislative and regulatory activity in the second largest economy in the world,” said Josh Resnik, President and Chief Operating Officer, FiscalNote.
FiscalNote also provides coverage on local China laws and regulations, such as those in:
The addition of China policy coverage further expands FiscalNote’s worldwide tracking and monitoring capabilities through its Global Policy Dashboard , which contains laws and regulations curated from primary international sources around the world, allowing customers to quickly and proactively scan the policy landscape to stay informed about global policy insights using intuitive features, interactive maps and customizable charts, and a user-friendly interface.

MINISO Announces US$200 Million Share Repurchase Program

Retrieved on:

Friday, September 15, 2023

Private law, Shareholder, Share repurchase, United Kingdom company law, Policy, Shanghai Stock Exchange, Stock exchange, Listing Rules, International Association of Skateboard Companies, Cayman Islands, MNSO, Mergers and acquisitions, Takeover, Knowledge, NYSE, Car rental, Security (finance), Share (finance)

GUANGZHOU, China, Sept. 15, 2023 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that, following the expiration of the share repurchase program the Company adopted in September 2022, the board of directors of the Company (the "Board") authorized and approved a new share repurchase program on September 15, 2023 (the "2023 Share Repurchase Program"), under which the Company may repurchase up to US$200 million in value of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares (collectively, the "Shares") over a period of 12 months starting from the date on which the 2023 Share Repurchase Program was approved.

Key Points:

GUANGZHOU, China, Sept. 15, 2023 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that, following the expiration of the share repurchase program the Company adopted in September 2022, the board of directors of the Company (the "Board") authorized and approved a new share repurchase program on September 15, 2023 (the "2023 Share Repurchase Program"), under which the Company may repurchase up to US$200 million in value of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares (collectively, the "Shares") over a period of 12 months starting from the date on which the 2023 Share Repurchase Program was approved.
The Company expects to fund repurchases under the 2023 Share Repurchase Program from surplus cash on its balance sheet.
The Board believes that the current financial resources of the Company would enable it to implement the share repurchase without causing any material impact on its working capital.
The Board will review the 2023 Share Repurchase Program periodically, and may authorize adjustment of its terms and size.

SE Investors: Contact Robbins LLP for Information Regarding the Pending Lead Plaintiff Deadline in the Sea Limited Securities Fraud Class Action

Retrieved on:

Thursday, August 31, 2023

LLP, ADS, Finance, Person, Sea Ltd, Complaint, Motion, SAN, SE, Growth, News, NYSE, United Kingdom company law, Bank

Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.

Key Points:

Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.
For more information, submit a form , email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Sea Limited.
Shareholders who want to act as lead plaintiff for the class must file their motion with the court by September 17, 2023.

Kamada Announces Shareholder Approval and Planned Closing of $60 Million Private Placement with FIMI Opportunity Funds

Retrieved on:

Wednesday, August 30, 2023

Under the terms of the Private Placement, Kamada will be issuing an aggregate of approximately 12.6 million ordinary shares to FIMI at a price of $4.75 per share (which represented the average closing price of the Company’s shares on NASDAQ during the 20 trading days prior to the date of execution of the Private Placement).

Key Points:

Under the terms of the Private Placement, Kamada will be issuing an aggregate of approximately 12.6 million ordinary shares to FIMI at a price of $4.75 per share (which represented the average closing price of the Company’s shares on NASDAQ during the 20 trading days prior to the date of execution of the Private Placement).
Upon closing of the Private Placement, expected during the first week of September, FIMI will beneficially own approximately 38% of Kamada’s outstanding ordinary shares and will become a controlling shareholder of the Company, within the meaning of the Israeli Companies Law, 1999 (the "Companies Law").
“We are grateful for the support of FIMI and our shareholders in approving the $60 million private placement,” said Amir London, Kamada’s Chief Executive Officer.
Any offering of the ordinary shares under the resale registration statement will only be by means of a prospectus.

SE Investor Alert: Investors Should Contact Robbins LLP for Information About the Sea Limited Class Action Lawsuit

Retrieved on:

Monday, August 14, 2023

LLP, ADS, Finance, Person, Sea Ltd, Complaint, Motion, SAN, SE, Growth, News, NYSE, United Kingdom company law, Bank

SAN DIEGO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sea Limited (NYSE: SE) securities between April 23, 2022 and May 15, 2023.

Key Points:

SAN DIEGO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sea Limited (NYSE: SE) securities between April 23, 2022 and May 15, 2023.
Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.
For more information, submit a form , email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Sea Limited.

SE Shareholders: Contact Robbins LLP for Information Regarding the Lead Plaintiff Deadline in the Sea Limited Securities Class Action

Retrieved on:

Tuesday, August 8, 2023

LLP, ADS, Finance, Person, Sea Ltd, Complaint, Motion, SAN, SE, Growth, News, NYSE, United Kingdom company law, Bank

Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.

Key Points:

Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.
For more information, submit a form , email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Sea Limited.
Shareholders who want to act as lead plaintiff for the class must file their motion with the court by September 17, 2023.

Sea Limited (SE) Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Class Action Against Sea Limited

Retrieved on:

Wednesday, August 2, 2023

Class Action Lawsuit, Professional Services, Legal, Sea Ltd, Complaint, SE, LLP, Growth, Motion, Finance, News, NYSE, United Kingdom company law, Person, ADS

Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sea Limited (NYSE: SE) securities between April 23, 2022 and May 15, 2023.

Key Points:

Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sea Limited (NYSE: SE) securities between April 23, 2022 and May 15, 2023.
Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Sea Limited.
Shareholders who want to act as lead plaintiff for the class must file their motion with the court by September 17, 2023.

Sea Limited (SE) Shareholder Alert: Robbins LLP Reminds Investors of Class Action Against Sea Limited

Retrieved on:

Monday, July 31, 2023

LLP, ADS, Finance, Person, Sea Ltd, Complaint, Motion, SAN, SE, Growth, News, NYSE, United Kingdom company law, Bank

SAN DIEGO, July 31, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sea Limited (NYSE: SE) securities between April 23, 2022 and May 15, 2023.

Key Points:

SAN DIEGO, July 31, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sea Limited (NYSE: SE) securities between April 23, 2022 and May 15, 2023.
Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.
For more information, submit a form , email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Sea Limited.

Eagle Bulk Shipping Inc. Purchases Oaktree Capital Stake in Company

Retrieved on:

Thursday, June 22, 2023

Oaktree Capital Management, LLP, Policy, NAV, Person, Cyprus Securities and Exchange Commission, Sale, Shareholder rights plan, Houlihan Lokey, Growth, EPS, NYSE, United Kingdom company law, Oak Tree, Security (finance), Financial adviser, Bank, Eagle

STAMFORD, Conn., June 22, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, today announced that its Board of Directors has approved an agreement with Oaktree Capital Management (“Oaktree”) and certain of its affiliates pursuant to which Eagle has repurchased approximately 3.8 million shares of Eagle common stock, representing Oaktree’s entire stock ownership of approximately 28% in the Company, for an aggregate purchase price of approximately $219.3 million.

Key Points:

STAMFORD, Conn., June 22, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, today announced that its Board of Directors has approved an agreement with Oaktree Capital Management (“Oaktree”) and certain of its affiliates pursuant to which Eagle has repurchased approximately 3.8 million shares of Eagle common stock, representing Oaktree’s entire stock ownership of approximately 28% in the Company, for an aggregate purchase price of approximately $219.3 million.
Oaktree became a shareholder in Eagle Bulk in October 2014.
Additionally, the Company announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan (the “Rights Plan”).
Akin Gump Strauss Hauer & Feld LLP is serving as legal advisor to the Company.