Depository Trust Company

H World Group Limited Announces Put Right Notification for 3.00% Convertible Senior Notes due 2026

Retrieved on: 
Monday, April 1, 2024
Put, FICC, Exercise, CUSIP, Wilmington Trust, DTC, NOTES, PARTIES, Note, Depository Trust Company, Indenture, Debt-to-GDP ratio, National Association, PUT, Security (finance)

SHANGHAI, April 01, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (Nasdaq: HTHT and HKEx: 1179, the “Company” or “H World”), a key player in the global hotel industry, today announced that it is notifying holders of its 3.00% Convertible Senior Notes due 2026 (CUSIP No.

Key Points: 
  • SHANGHAI, April 01, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (Nasdaq: HTHT and HKEx: 1179, the “Company” or “H World”), a key player in the global hotel industry, today announced that it is notifying holders of its 3.00% Convertible Senior Notes due 2026 (CUSIP No.
  • The Put Right expires at 5:00 p.m., New York City time, on Monday, April 29, 2024.
  • The Put Right entitles each holder of the Notes to require the Company to repurchase all or a portion of such holder’s Notes in principal amounts equal to US$1,000 or integral multiples thereof.
  • On the Repurchase Date, the repurchase price will be paid in cash to the holders who exercise the Put Right.

NuCana Announces Plan to Implement ADS Ratio Change

Retrieved on: 
Wednesday, March 27, 2024
Tax, Sale, ADS, DTC, DRS, Depository Trust Company, NCNA, Effective date, Depositary, American depositary receipt, Security (finance)

EDINBURGH, United Kingdom, March 27, 2024 (GLOBE NEWSWIRE) -- NuCana plc (NASDAQ: NCNA) announced plans to change the ratio of its American Depository Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing twenty-five (25) ordinary shares (the "ADS Ratio").

Key Points: 
  • EDINBURGH, United Kingdom, March 27, 2024 (GLOBE NEWSWIRE) -- NuCana plc (NASDAQ: NCNA) announced plans to change the ratio of its American Depository Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing twenty-five (25) ordinary shares (the "ADS Ratio").
  • The change in the ADS Ratio is expected to become effective on or about April 16, 2024 (the "Effective Date").
  • For the Company's ADS holders, the change in the ADS Ratio has the same effect as a one-for-twenty-five reverse ADS split and will have no impact on an ADS holder’s proportional equity interest in the Company.
  • As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than the previous ADS trading price prior to the change or that the change in the ADS Ratio will have any effect on the liquidity in the Company’s ADSs.

Li Auto Inc. Announces Put Right Notification for 0.25% Convertible Senior Notes due 2028

Retrieved on: 
Wednesday, March 27, 2024
Put, FICC, Telephone, Exercise, CUSIP, Note, Depository Trust Company, Debt-to-GDP ratio, Repurchase agreement, Security (finance)

BEIJING, March 27, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it is notifying holders of its 0.25% Convertible Senior Notes due 2028 (CUSIP No.

Key Points: 
  • BEIJING, March 27, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it is notifying holders of its 0.25% Convertible Senior Notes due 2028 (CUSIP No.
  • The Put Right expires at 5:00 p.m., New York City time, on Monday, April 29, 2024.
  • The 2024 Repurchase Date is an interest payment date under the terms of the Indenture and the Notes.
  • Holders of Notes may request the Company’s Put Right Notice from the paying agent, Deutsche Bank Trust Company Americas.

Hafnia Limited - Commencement of Trading and Admission to Trading on NYSE

Retrieved on: 
Tuesday, April 9, 2024
Maritime, Transport, Logistics, Supply Chain Management, FICC, Security (finance), Disclosure, Depository Trust Company, Central securities depository, BW Group, Conversion

Hafnia is pleased to announce that its common shares will commence trading on NYSE from and including 9 April 2024.

Key Points: 
  • Hafnia is pleased to announce that its common shares will commence trading on NYSE from and including 9 April 2024.
  • Further, the Conversion has now been successfully completed and the Trading Suspension, which has been in effect from the trading day on 5 April 2024 to and including 8 April 2024, has concluded.
  • The Company's shares will resume normal trading from start of trading on the OSE today, 9 April 2024.
  • Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

Bombardier Announces Conditional Notice of Partial Redemption for US$200,000,000 of its 7.875% Senior Notes due 2027

Retrieved on: 
Friday, March 22, 2024
FICC, Bombardier Inc., Sale, Attention, Prospectus, Depository Trust Company, Debt-to-GDP ratio, Bombardier, Corporation, Security (finance)

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Notes”).

Key Points: 
  • MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a conditional notice of partial redemption for US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Notes”).
  • As set forth in the conditional notice of partial redemption issued today in respect of the Notes, the redemption date is April 22, 2024 (the “Redemption Date”), and the redemption price is 100.00% of the principal amount redeemed, plus accrued and unpaid interest.
  • The redemption of the Notes is subject to and conditioned upon Bombardier completing a new offering of debt securities in the aggregate principal amount of not less than US$750 million before the Redemption Date; however, Bombardier may delay or waive this condition in its sole and absolute discretion.
  • On March 22, 2024, a copy of the conditional notice of redemption with respect to the Notes was issued to record holders.

NurExone's Strategic Update: Submission of OTCQB Listing Application to Initiate US financial presence

Retrieved on: 
Friday, March 15, 2024
OTC Markets Group, TSX Venture Exchange, FICC, NRX, Environment, DTC, Regenerative medicine, Depository Trust Company, OTCQB, Security (finance)

Listing on the OTCQB is subject to approval of the OTC Markets Group.

Key Points: 
  • Listing on the OTCQB is subject to approval of the OTC Markets Group.
  • Mr. Yoram Drucker, chairman of NurExone’s board, commented, "Expanding our presence to the OTCQB underscores our commitment to enhancing investor engagement and liquidity for our shareholders.
  • OTCQB listing will offer US investors an easy way to invest in NurExone.
  • The Company remains dedicated to keeping shareholders informed throughout the application process.

Bombardier Announces Notice of Partial Redemption for $100,000,000 of its 7.875% Senior Notes due 2027

Retrieved on: 
Thursday, March 14, 2024
FICC, Bombardier Inc., Sale, Attention, Prospectus, Note, Depository Trust Company, Debt-to-GDP ratio, Corporation, Bank

MONTRÉAL, March 14, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of partial redemption for $100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”), which redemption will be paid using cash from its balance sheet.

Key Points: 
  • MONTRÉAL, March 14, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has issued a notice of partial redemption for $100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”), which redemption will be paid using cash from its balance sheet.
  • As set forth in the notice of partial redemption issued today in respect of the Redemption Notes, the redemption date is April 15, 2024, and the redemption price for the Redemption Notes is 100.00% of the principal amount redeemed, plus accrued and unpaid interest.
  • On March 14, 2024, a copy of the notice of redemption with respect to the Redemption Notes was issued to record holders.
  • Payment of the redemption price and surrender of the Redemption Notes for redemption will be made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company on April 15, 2024.

Global Partners LP Announces Full Redemption of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Retrieved on: 
Friday, March 15, 2024
Retail, Energy, Convenience Store, Oil, Gas, Partner, Global Partners, CUSIP, Sale, Depository Trust Company, Treasury regulations, Treasury, Redemption, Security (finance)

Global Partners LP (NYSE: GLP) (“Global”) today announced that it intends to redeem all $69,000,000 of its 2,760,000 issued and outstanding Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (CUSIP: 37946R208).

Key Points: 
  • Global Partners LP (NYSE: GLP) (“Global”) today announced that it intends to redeem all $69,000,000 of its 2,760,000 issued and outstanding Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (CUSIP: 37946R208).
  • After the Redemption, Series A Preferred Units will no longer be outstanding and all of the rights of the holders of Series A Preferred Units will terminate, except the right to receive the Redemption Price.
  • The notice of redemption and related materials are being distributed to holders of record of Series A Preferred Units as of March 15, 2024.
  • Questions regarding the redemption of the Series A Preferred Units, or the procedures therefore, may be directed to Equiniti Trust Company, LLC, the redemption agent, at:

Receipts Depositary Corporation (RDC) Appoints Scott Pollak Head of Strategy and Capital Markets

Retrieved on: 
Tuesday, March 12, 2024
Bitcoin, American depositary receipt, Quinnipiac University, Accounting, DTC, CUSIP, Capital market, Citigroup, Head, Depository Trust Company, Growth, Entrepreneurship, BTC, RDC, Security (finance)

NEW YORK, March 12, 2024 /PRNewswire/ -- Receipts Depositary Corporation (RDC) today announced the appointment of Scott Pollak as Head of Strategy and Capital Markets. Pollak joins following RDC's launch earlier this year and is the former managing director and global head of depositary receipts at Citi. 

Key Points: 
  • NEW YORK, March 12, 2024 /PRNewswire/ -- Receipts Depositary Corporation (RDC) today announced the appointment of Scott Pollak as Head of Strategy and Capital Markets.
  • Pollak joins following RDC's launch earlier this year and is the former managing director and global head of depositary receipts at Citi.
  • He spent over 14 years in a variety of leadership positions at Citi's depositary receipts business, most recently as its global leader.
  • "Depositary receipts provide institutional buyers with a tried and tested solution that makes it as easy to own digital and alternative assets as any traditional security," said Scott Pollak.

United Lithium Announces the Commencement of OTCQX Trading

Retrieved on: 
Monday, February 26, 2024
Lithium, Growth, Depository Trust Company, OTC Markets Group, Rainbow, OTCQX, Frankfurt Stock Exchange, DTC, Security (finance)

VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- United Lithium Corp. (“United” or the “Company") (CSE: ULTH; OTCQX: ULTHF ; FWB: 0UL ) is proud to announce that its common shares are now trading on the OTCQX® Best Market (“OTCQX”) under the symbol “ULTHF”.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- United Lithium Corp. (“United” or the “Company") (CSE: ULTH; OTCQX: ULTHF ; FWB: 0UL ) is proud to announce that its common shares are now trading on the OTCQX® Best Market (“OTCQX”) under the symbol “ULTHF”.
  • OTCQX is the highest and most regulated tier of the OTC Markets Group on which approximately 12,000 U.S. and global securities trade.
  • Trading on the OTCQX will enhance the visibility and accessibility of the Company to U.S. investors.
  • Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades.