Australian Securities Exchange

EQS-News: MARLEY SPOON SE SUPERVISORY BOARD TRANSITION COMPLETED

Retrieved on: 
Saturday, September 16, 2023
Frankfurt Stock Exchange, Audit, ARC, ASX, Robin, Australian Securities Exchange, Nomination, Supervision, Supervisory board, Vulnerability and Risk Committee, SE, Growth, Property management, Management

Berlin, Luxembourg, 11 September 2023: Marley Spoon Group SE (trading on the Frankfurt Stock Exchange under the ticker symbol "MS1") announces that today Marley Spoon SE (“Marley Spoon” or the “Company” ASX: MMM), a 84% subsidiary of Marley Spoon Group SE and leading global subscription-based meal kit provider for home cooking, announced the following changes of its Supervisory Board.

Key Points: 
  • Berlin, Luxembourg, 11 September 2023: Marley Spoon Group SE (trading on the Frankfurt Stock Exchange under the ticker symbol "MS1") announces that today Marley Spoon SE (“Marley Spoon” or the “Company” ASX: MMM), a 84% subsidiary of Marley Spoon Group SE and leading global subscription-based meal kit provider for home cooking, announced the following changes of its Supervisory Board.
  • Ms. Deena Shiff, Chairman of the Company’s Supervisory Board, and Ms. Robin Low, Chairman of the Supervisory Board’s Audit and Risk Committee (ARC), have stepped down from their roles effective today, as part of the planned transition to a single source of governance by the new parent Marley Spoon Group SE and the proposed de listing of the Company from the Australian Securities Exchange (ASX).
  • Their departure follows the Company's successful recruitment of new board members, Ms. Erika Söderberg-Johnsson and Mr. Alexander Kudlich (member of the supervisory board of Marley Spoon Group SE) who have agreed to join the Supervisory Board of the Company as Non-Executive Directors, effective immediately.
  • Mr. Christian Gisy (Deputy Chairman of the Company’s Supervisory Board and Chairman of Marley Spoon Group SE) shall succeed Ms. Shiff as Chairman of Marley Spoon.

Ghana Sovereign Wealth Fund to Invest in Ewoyaa Project

Retrieved on: 
Monday, September 11, 2023
Natural Resources, Alternative Energy, EV, Electric Vehicles, Energy, Alternative Vehicles, Fuels, Automotive, Other Natural Resources, Mining, Minerals, Lithium, Partnership, AIM, Accident, ALL, ASX, Multimedia, Risk, Australian Securities Exchange, Minerals Income Investment Fund, Acquisition, PLL, Comment, Piedmont Lithium, Weather, Transport, Legislation, Security (finance), Project, Atlantic Ocean

To earn an additional 27.5% interest in Ewoyaa, Piedmont has committed to fund the first $70 million of project capex and share additional capital costs with Atlantic on an equal basis.

Key Points: 
  • To earn an additional 27.5% interest in Ewoyaa, Piedmont has committed to fund the first $70 million of project capex and share additional capital costs with Atlantic on an equal basis.
  • The MIIF investment also will reduce Piedmont and Atlantic’s effective Project interests to 47% each before the Ghanian government’s free carried interest in the Project.
  • Piedmont expects to fund its share of Ewoyaa capex through cash flow from its North American Lithium joint venture in Quebec, Canada.
  • “The investment by MIIF and the significant endorsement this funding represents will further de-risk the Ewoyaa project.

Precise Bio Appoints Ori Hadomi as Chairman of the Board of Directors

Retrieved on: 
Monday, September 11, 2023
Mazor Robotics, Hebrew University of Jerusalem, Psychoanalysis, 3D, Ori, Al-Quds, Spine, Australian Securities Exchange, Economics, Regenerative medicine, Chemistry, Development, Medtronic, Patient, Robotics, TASE, Aryeh, Ophthalmology, CFO, R, Partnership, Medtech, BD, Management

MODI'IN, Israel and WINSTON SALEM, N.C., Sept. 11, 2023 /PRNewswire/ -- Precise Bio , a pioneering regenerative medicine company specializing in bio-printed tissues and organs, is pleased to announce the appointment of Ori Hadomi as its new Chairman of the Board of Directors.

Key Points: 
  • MODI'IN, Israel and WINSTON SALEM, N.C., Sept. 11, 2023 /PRNewswire/ -- Precise Bio , a pioneering regenerative medicine company specializing in bio-printed tissues and organs, is pleased to announce the appointment of Ori Hadomi as its new Chairman of the Board of Directors.
  • Mr. Hadomi is also actively engaged, in various capacities, with other prominent medical device companies.
  • "We are delighted to have Ori Hadomi as our newly appointed Chairman," said Aryeh Batt, Co- Founder and CEO of Precise Bio.
  • He also serves as a member of the advisory board and chairman of the board of several global medical device companies.

Novo Completes Oversubscribed A$7.5m IPO

Retrieved on: 
Thursday, September 7, 2023
IPO, CDI, CHESS, AEST, ASX, Australian Securities Exchange, Novo, TSX, NVO, Security (finance), Property management

VANCOUVER, British Columbia, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce the Company has completed its Initial Public Offering (IPO) of a A$7.5 million raise, before costs, through the issue of 37,500,000 common shares (settled in the form of CHESS Depositary Interests (CDIs) at A$0.20 per CDI) which was led by Argonaut PCF.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce the Company has completed its Initial Public Offering (IPO) of a A$7.5 million raise, before costs, through the issue of 37,500,000 common shares (settled in the form of CHESS Depositary Interests (CDIs) at A$0.20 per CDI) which was led by Argonaut PCF.
  • The CDIs are issued in the ratio of 1 CDI for 1 common share.
  • The IPO was open to residents of Australia only.
  • The raising was conducted ahead of commencement of trading and dual listing on the Australian Securities Exchange (ASX).

Mobilicom to Trade Exclusively on Nasdaq

Retrieved on: 
Tuesday, September 5, 2023
American depositary receipt, ASX, Australian Securities Exchange, BNY Mellon, Shoham, Bank, Growth, Robotics, HSBC Bank Australia, Cryptocurrency, Security (finance)

Reflects Mobilicom’s focus on U.S. and global market

Key Points: 
  • Reflects Mobilicom’s focus on U.S. and global market
    Shoham, Israel, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW ; ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that its shares will trade exclusively on the Nasdaq Capital Market following the voluntarily delisting of its ordinary shares from trading on the Australian Securities Exchange (ASX).
  • “It is early days, but Mobilicom is growing into a leading global provider of cybersecure solutions for uncrewed systems with an increased operational and customer footprint in the U.S.,” stated Mobilicom CEO Oren Elkayam.
  • Mobilicom’s American Depositary Shares, each of which represents 275 ordinary shares, will continue to trade on the Nasdaq Capital Market under the symbol “MOB” without interruption.
  • Holders of ordinary shares that currently trade on the ASX may convert their ordinary shares into ADSs through their banks or brokers.

Piedmont Lithium Announces Fall Conference Participation

Retrieved on: 
Thursday, August 31, 2023
Green Technology, Manufacturing, Environment, Batteries, Transport, Automotive, Other Technology, EV, Electric Vehicles, Logistics, Supply Chain Management, Technology, Mining, Minerals, Other Energy, Alternative Vehicles, Fuels, Alternative Energy, Natural Resources, Energy, Other Automotive, General Automotive, Chemicals, Plastics, Lithium, Benchmark, AIM, Accident, ALL, ASX, Risk, Deutsche Bank, Australian Securities Exchange, Congress, Acquisition, PLL, Comment, Piedmont Lithium, Weather, Conference, Atlantic Ocean, Legislation, Pharmaceutical industry, Cryptocurrency

Piedmont Lithium Inc. (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global producer of lithium resources critical to the U.S. electric vehicle supply chain, today announced executive and senior leadership participation in the following industry conferences this fall:

Key Points: 
  • Piedmont Lithium Inc. (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global producer of lithium resources critical to the U.S. electric vehicle supply chain, today announced executive and senior leadership participation in the following industry conferences this fall:
    Jefferies 2023 Industrials Conference – New York City, New York, September 7
    DA Davidson 22nd Annual Diversified Industrials & Services Conference – Nashville, Tennessee, September 21-22
    Citi Global Resources Conference – virtual, October 10-11
    ThinkEquity Conference – New York City, New York, October 19
    National Safety Council Safety Congress & Expo – New Orleans, Louisiana, October 23
    Benchmark Week 2023 – Los Angeles, California, November 14-16
    Goldman Sachs Conference – New York City, New York, November 15-16
    Swiss Mining Institute Conference – Zurich, Switzerland, November 29-30
    Deutsche Bank 8th Annual Lithium and Battery Supply Chain Conference – virtual, December 6
    “As we plan for our inaugural shipment of lithium concentrate from our North American Lithium offtake, we are pleased to share our progress across our entire portfolio of projects with the industry and investors,” said Keith Phillips, Piedmont President and Chief Executive Officer.
  • Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11).
  • Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.

Flying under the radar: Australia's silent and growing competition crisis

Retrieved on: 
Tuesday, August 29, 2023
Review, Employment, Industry, Gold Coast, CR4, Statistics, Policy, National Press Club (Australia), Australian Competition & Consumer Commission, Press club, ASX, Research, Australian Securities Exchange, Embarrassment, Government, Competition, Cities and metropolitan areas of the United States, Radar, Guideline, Risk, Consumer, Growth, Australian Competition and Consumer Commission v Baxter Healthcare Pty Ltd, Gina Cass-Gottlieb, ACCC, Family, Arms industry, Generic drug, Airline, Retail, Online shopping, Publishing, Health insurance

The measure used is “CR4” – the market share of the top four firms.

Key Points: 
  • The measure used is “CR4” – the market share of the top four firms.
  • Average concentration across industry groups, Australia versus United States Market share of the top four firms, per cent Importantly, we find market concentration in Australia increasing over time.

Concentrated industries don’t welcome new entrants

    • But we found that in highly concentrated industries the four largest firms rarely got dislodged from their top positions over the 14 years between 2007 and 2021.
    • And those industries that experienced a rise in concentration over the seven years to 2014 recorded a decline in new firm entry over the following seven years.

Concentrated industries break rules more often

    • Ranking Australian industries by their average concentration, we found the most concentrated had the most infringement notices and enforceable undertakings issued by the Australian Competition and Consumer Commission.
    • The airline industry, which is famously concentrated, has been hit with 12 such notices and enforceable undertakings over the past 30 years compared to only four for the accommodation industry.

Concentration means higher prices

    • To explore the impact of market concentration on prices, we examined margins between retail and wholesale petrol prices in Brisbane and the Gold Coast and their relationship to the number of competing petrol stations within three kilometres.
    • We found that where petrol stations faced less competition they tended to charge higher margins, and that when wholesale prices rose, they appeared to be quicker in passing on this cost to consumers to maintain margins.

Concentration is happening more quietly

    • Whereas in the US large mergers have to be reported to regulators, in Australia mergers are more like marriages.
    • In the US, it is estimated transactions too small to be reported account for 28–47% of the increase in concentration between 2022 and 2016.
    • In Australia, there is a risk that many of these transactions are going undetected.
    • At times overseas authorities knew about proposed transactions involving Australian companies before the Australian authorities.
    • The government has announced a review of competition policy that will include a review of merger laws as well as non-compete clauses.
    • Read more:
      1 in 5 Australian workers have non-compete clauses: new survey

      Dan Andrews is affiliated with the e61 Institute.

Piedmont Lithium Receives Partial Prepayment for Inaugural Shipment Under NAL Offtake Agreement

Retrieved on: 
Tuesday, August 29, 2023
EV, Electric Vehicles, Other Natural Resources, Mining, Minerals, Alternative Energy, Batteries, Energy, Technology, Automotive, Natural Resources, Chemicals, Plastics, Automotive Manufacturing, Other Automotive, Manufacturing, Lithium, AIM, Accident, ALL, FOB, ASX, Incoterms, Risk, NAL, Australian Securities Exchange, Sale, Acquisition, PLL, Comment, Piedmont Lithium, Weather, Transport, Atlantic Ocean, Legislation, Rare-earth element

The prepayment increased Piedmont’s cash position to approximately $100 million, reinforcing Piedmont’s strong balance sheet.

Key Points: 
  • The prepayment increased Piedmont’s cash position to approximately $100 million, reinforcing Piedmont’s strong balance sheet.
  • North American Lithium ("NAL") commenced commercial production in March 2023 and delivered its first joint venture shipment of 20,500 dmt to a third-party in early August.
  • “This is a significant day for Piedmont Lithium as we announce the first shipment of lithium concentrate under our offtake agreement with NAL and the receipt of a prepayment, which significantly increases our cash position,” said Keith Phillips, President and CEO of Piedmont.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11).

Bionomics Completes Last Patient Last Visit in the Phase 2b ATTUNE Study for Post-Traumatic Stress Disorder (PTSD) and Confirms Expected 2023 Milestones with its Lead Asset BNC210

Retrieved on: 
Wednesday, August 23, 2023
Clinician Administered PTSD Scale, ISI, Central nervous system, Depression, BNC210, Official List, FOR, Montgomery–Åsberg Depression Rating Scale, Anxiety, SDS, Sleep, BNO, SAD, Australian Securities Exchange, DSM-IV codes, Hamilton Anxiety Rating Scale, Phase 3, Patient, Insomnia, Social anxiety disorder, United Kingdom, PGI, CGI, DSM-5, FDA, Regulation of tobacco by the U.S. Food and Drug Administration, Food, Pharmaceutical industry, Bionomics, PTSD

“I would like to thank study participants, their families, our clinical site investigators and their staff and our clinical team for their contributions towards achieving completion of the ATTUNE study.

Key Points: 
  • “I would like to thank study participants, their families, our clinical site investigators and their staff and our clinical team for their contributions towards achieving completion of the ATTUNE study.
  • The EoPh2 meeting to discuss advancing BNC210 into Phase 3 development as an acute treatment for SAD has been scheduled for mid-September 2023.
  • Additionally, Bionomics is scheduled to delist from the Official List of the Australian Securities Exchange on 28 August 2023.
  • The Company will remain an Australian incorporated company and will maintain its listing of ADSs on Nasdaq under the trading symbol ‘BNOX’.

IEXS Won the 'Best Forex Broker 2023' Award

Retrieved on: 
Wednesday, August 23, 2023
Australian Securities & Investments Commission, Database transaction, Financial services, Foreign exchange market, Financial Conduct Authority, Australian Securities Exchange, Financial Services Authority (United Kingdom), ETF, FX, Know your customer, Financial Transactions and Reports Analysis Centre of Canada, FCA, Contract for difference, FSA, ASIC, Financial adviser

Once more, IEXS won the "Best Forex Broker 2023" award.

Key Points: 
  • Once more, IEXS won the "Best Forex Broker 2023" award.
  • SINGAPORE, Aug 23, 2023 - (ACN Newswire) - IEXS recently won the "Best Forex Broker 2023" award at the WikiEXPO Asia Finance Expo hosted by WIKIEXPO.
  • This is just the latest accolade in a string of awards for the international broker, including "Best Forex FinTech Broker 2022" and "Fastest Growing Broker 2021".
  • IEXS is an award-winning FX/CFD broker with a global presence, offering customer support in over seven languages.