ACT

Ørsted issues EUR green hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.

Key Points: 
  • Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.
  • The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % EUR hybrid capital securities issued in 2017, with first reset date on 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
  • Today, Ørsted is also inviting holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
  • Ørsted’s new green hybrid capital securities are expected to receive the rating of Baa3 by Moody’s, BB by Standard and Poor’s, and BBB- by Fitch.

Tender offer for hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S (‘Ørsted’) hereby invites holders of its:

Key Points: 
  • Ørsted A/S (‘Ørsted’) hereby invites holders of its:
    •    EUR 500,000,000 2.25 % hybrid capital securities due in 3017 (the ‘Capital Securities’; ISIN: XS1720192696)
    to tender the Capital Securities for purchase by Ørsted on the terms and subject to the conditions set out in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’) (the ‘Offer’).
  • The Offer is subject to the successful issuance of the subordinated green hybrid capital securities (‘New Hybrid Issue’) as also announced by Ørsted today.
  • Ørsted will pay for Capital Securities accepted by it for purchase pursuant to the Offer a Purchase Price of 98.75 %.
  • Together with Ørsted’s New Hybrid Issue, the purpose of the Offer is to refinance the Capital Securities and to proactively manage Ørsted’s hybrid capital portfolio.

Ørsted successfully issues EUR green hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024

Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).

Key Points: 
  • Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).
  • The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % hybrid capital securities issued in 2017, which is callable at par on the first reset date, 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
  • Today, Ørsted has also invited holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
  • Key details of the new EUR 750 million subordinated green hybrid capital securities:
    •    Fixed coupon until 14 December 2029: 5.125 % p.a.

Tender offer for hybrid capital securities – final results

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).

Key Points: 
  • Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).
  • The Offer was announced on 5 March 2024 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’).
  • Capitalised terms used in this announcement and not otherwise defined have the meaning given to them in the Tender Offer Memorandum.
  • As at the Expiration Deadline for the Offer being at 17:00 CET on 11 March 2024, EUR 249,544,000 in aggregate principal amount of the Securities was validly tendered pursuant to the Offer.

26th Edition of Digital Transformation summit:Sydney

Retrieved on: 
Wednesday, February 21, 2024

Due to its outdated infrastructure, Australia faces challenges maintaining its competitiveness in the digital sphere, making it more difficult to innovate and fully utilize digital breakthroughs.

Key Points: 
  • Due to its outdated infrastructure, Australia faces challenges maintaining its competitiveness in the digital sphere, making it more difficult to innovate and fully utilize digital breakthroughs.
  • In light of this, the imminent "26th Edition of the Digital Transformation Summit," organized by Exito Media Concepts and scheduled for March 14th, will assemble representatives, thought leaders, and experts.
  • This premier event aims to facilitate the exchange of insights and expertise on the latest technologies and trends shaping the landscape of digital transformation.
  • Exciting topics you can expect to see on the agenda for the Digital Transformation summit:Sydney, include:
    For more information and to register for the event, visit https://digitransformationsummit.com/sydney/?

Driving Sustainable Transportation: ACT Expo Unveils Impressive Speaker Lineup for 13th Annual Event

Retrieved on: 
Friday, March 8, 2024

SANTA MONICA, Calif., March 08, 2024 (GLOBE NEWSWIRE) -- Organizers of the Advanced Clean Transportation (ACT) Expo , the largest clean advanced commercial vehicle technology event, announced its roster of confirmed speakers for the 13th annual fleet-focused event.

Key Points: 
  • SANTA MONICA, Calif., March 08, 2024 (GLOBE NEWSWIRE) -- Organizers of the Advanced Clean Transportation (ACT) Expo , the largest clean advanced commercial vehicle technology event, announced its roster of confirmed speakers for the 13th annual fleet-focused event.
  • The massive expo hall – twice the size of last year – will highlight more than 350 exhibitors and sponsors displaying more than 200 advanced commercial vehicles.
  • The expo hall will highlight more than 350 exhibitors and sponsors displaying new, advanced commercial vehicle technologies.
  • The 2023 event drew more than 12,000 attendees, with participation this year forecasted to significantly increase based on early registration numbers.

Aduro Clean Technologies Welcomes a Global Multinational Food Packaging Company into its Customer Engagement Program

Retrieved on: 
Tuesday, March 5, 2024

(“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, is excited to announce the onboarding of a leading, global multinational food packaging company (“MFP Company” or the “Client”) to its Customer Engagement Program (CEP).

Key Points: 
  • (“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, is excited to announce the onboarding of a leading, global multinational food packaging company (“MFP Company” or the “Client”) to its Customer Engagement Program (CEP).
  • MFP Company is a prominent player in the global food processing and distribution sector, boasting an attractive portfolio of well-known brands.
  • At the core of its operations, MFP Company integrates environmental, social, and governance (ESG) principles, focusing on innovation and efficiency.
  • MFP Company advocates for a circular economy approach to address packaging pollution, innovating in sustainable packaging design, and advocating for the reuse and recycling of materials.

Sage bolsters its position in Construction & Real Estate with cutting-edge solutions that help construction businesses thrive

Retrieved on: 
Wednesday, February 28, 2024

Sage Estimating with BidMatrix: Sage Estimating, the most widely used construction estimating software, adds advanced cloud capabilities with BidMatrix.

Key Points: 
  • Sage Estimating with BidMatrix: Sage Estimating, the most widely used construction estimating software, adds advanced cloud capabilities with BidMatrix.
  • Sage Construction Management: Sage Construction Management is a cloud-native project management solution built for collaboration and mobility on field, office, and external teams can share real-time project information and make quick, informed decisions.
  • Sage Intacct Construction: Sage Intacct Construction is the leading cloud-native financial management solution purpose-built for construction, and the fastest growing vertical for Sage Intacct Financials.
  • This can range from implementing a full cloud suite to integrating a cloud solution with existing solutions, such as Sage 300 Construction and Real Estate, Sage 100 Contractor, or third-party systems.

Sage bolsters its position in Construction & Real Estate with cutting-edge solutions that help construction businesses thrive

Retrieved on: 
Wednesday, February 28, 2024

Sage Estimating with BidMatrix: Sage Estimating, the most widely used construction estimating software, adds advanced cloud capabilities with BidMatrix.

Key Points: 
  • Sage Estimating with BidMatrix: Sage Estimating, the most widely used construction estimating software, adds advanced cloud capabilities with BidMatrix.
  • Sage Construction Management: Sage Construction Management is a cloud-native project management solution built for collaboration and mobility so field, office, and external teams can share real-time project information and make quick, informed decisions.
  • Sage Intacct Construction: Sage Intacct Construction is the leading cloud-native financial management solution purpose-built for construction, and the fastest growing vertical for Sage Intacct Financials.
  • This can range from implementing a full cloud suite to integrating a cloud solution with existing solutions, such as Sage 300 Construction and Real Estate, Sage 100 Contractor, or third-party systems.

High school CPR trained students saving lives across Canada

Retrieved on: 
Tuesday, February 27, 2024

Madeleine was trained through the ACT High School CPR and AED Program, which has seen over 5 million students trained by their teachers to date.

Key Points: 
  • Madeleine was trained through the ACT High School CPR and AED Program, which has seen over 5 million students trained by their teachers to date.
  • “In celebration of Heart Month, the Advanced Coronary Treatment (ACT) Foundation recognizes students and teachers who have learned lifesaving knowledge and skills through the ACT High School CPR and AED Program,” says Sandra Clarke, Executive Director, ACT Foundation.
  • The ACT Foundation has established the free program in 1,800 high schools across Canada with the support of its national health partners, Amgen Canada and AstraZeneca Canada, and provincial and community partners.
  • Like Madeleine, students across Canada are ready to act and many are saving lives.