Subsidiary | Jotup

Correction: Notice to attend the Annual General Meeting of Vitrolife AB (publ)

Retrieved on:

Thursday, April 4, 2024

Remuneration, Annual, Annual report, TSR, Motivation, Social Security, Welfare, Euroclear, AGM, LTIP, A.5, Subsidiary, Leaver, Treasury, Swedish, Election Committee (Hong Kong), Nasdaq Stockholm, Security (finance)

GOTHENBURG, Sweden, April 4, 2024 /PRNewswire/ -- The shareholders of Vitrolife AB (publ), corporate identity number 556354-3452 (`the Company') are hereby invited to attend the Annual General Meeting of shareholders on Thursday 25 April 2024 at 4.00 pm at the Elite Park Avenue Hotel, Kungsportsavenyn 36-38 in Gothenburg, Sweden. The entrance opens at 3.30 pm.

Key Points:

Allotment of Performance Shares within LTIP 2024 will be made during a limited period of time following the Annual General Meeting 2027.
Performance Shares will be allotted if the average annual TSR is at least 7.5 percent (the minimum level).
The intention is that the Board shall launch LTIP 2024 as soon as practically possible after the Annual General Meeting.
Resolutions resolved upon by the Annual General Meeting 2024 shall not be included in a re-calculation of the number of shares.

Shell sells interest in SouthCoast Wind to existing joint venture partner, Ocean Winds

Retrieved on:

Wednesday, March 20, 2024

Wind, ENGIE, Farm, Natural gas, Shell, EDP, EDP Renováveis, Partnership, Gasoline, Senior, Progress, Shell plc, Hydrogen, Lubricant, Subsidiary, Renewable energy

HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).

Key Points:

HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).
SouthCoast Wind is a 50-50 joint venture between Shell and Ocean Winds, established to develop offshore wind projects off the coast of Massachusetts.
Ocean Winds is a 50-50 offshore wind joint venture owned by EDP Renewables and ENGIE.
In the U.S., Shell is a 50-50 partner in an additional offshore wind joint venture, Atlantic Shores Offshore Wind LLC (Atlantic Shores), with EDF-RE Offshore Development, LLC.

EagleBank Provides $18 Million in Financing to DT Global, LLC to Continue Transformative Work in the USAID Space

Retrieved on:

Monday, February 26, 2024

USAID, DT, Commercial, Partnership, Subsidiary, Growth, Senior, C&I, EGBN, EagleBank, Management

The facilities refinanced existing debt and increases DT Global’s working capital to support their growth-driven needs.

Key Points:

The facilities refinanced existing debt and increases DT Global’s working capital to support their growth-driven needs.
This transaction highlights EagleBank’s significant presence in supporting federal defense and government services contractors, including those operating in the USAID space.
“We are thrilled to work with DT Global, LLC amidst their growing USAID portfolio,” said Lindsey Rheaume, Executive Vice President and Chief Lending Officer for C&I.
”We look forward to our partnership with EagleBank and its talented staff to support our financing needs as we manage through continued periods of growth,“ said Torge Gerlach, Chief Executive Officer at DT Global.

Alpha Technology Group Limited Reports 2023 Financial Year Results

Retrieved on:

Thursday, February 1, 2024

Subsidiary, Alpha, Sale, NFT, Marketing, Cryptocurrency

Our management fee mainly represented the fee charged by Simplus IO Limited and ProAlgories Limited, which provided ad-hoc technical support services and staff to assist us on project execution.

Key Points:

Our management fee mainly represented the fee charged by Simplus IO Limited and ProAlgories Limited, which provided ad-hoc technical support services and staff to assist us on project execution.
Since February 8, 2023, following our team's expansion, our Operating Subsidiaries have ceased to procure the ad-hoc technical support services and human resources from these two related companies, resulting in a 56.01% decrease in our management fee for the year ended September 30, 2023.
On November 2, 2023, Alpha completed its initial public offering and raised approximately US$7.00 million from the sale of 1,750,000 Ordinary Shares at a price of US$4 per share.
After deducting underwriting discounts and all offering expenses paid or payable by us, the net proceeds totaled around US$5.32 million.

Caesars Entertainment, Inc. Announces Proposed Offering of Senior Secured Notes

Retrieved on:

Wednesday, January 24, 2024

Casino, Gaming, Events, Concerts, General Entertainment, Other Entertainment, Entertainment, Senior, Credit, CZR, Person, Caesars Entertainment, Sale, Regulation, Subsidiary, Security (finance)

The Notes will be guaranteed on a senior secured basis by each existing and future wholly-owned domestic subsidiary of the Company that is a guarantor with respect to the Company’s senior secured credit facilities (the “CEI Credit Agreement”), its existing 6.250% Senior Secured Notes due 2025 (prior to the consummation of the transactions set forth below) and its existing 7.000% Senior Secured Notes due 2030 (the “Subsidiary Guarantors”), once certain regulatory approvals are obtained.

Key Points:

The Notes will be guaranteed on a senior secured basis by each existing and future wholly-owned domestic subsidiary of the Company that is a guarantor with respect to the Company’s senior secured credit facilities (the “CEI Credit Agreement”), its existing 6.250% Senior Secured Notes due 2025 (prior to the consummation of the transactions set forth below) and its existing 7.000% Senior Secured Notes due 2030 (the “Subsidiary Guarantors”), once certain regulatory approvals are obtained.
The Notes and guarantees of the Notes will be the Company’s and the Subsidiary Guarantors’ senior secured obligations and, once certain regulatory approvals are obtained, secured on a first-priority pari passu basis on substantially all of the property and assets of the Company and the Subsidiary Guarantors, now owned or hereafter acquired by the Company and any Subsidiary Guarantor, that secure the obligations under the Company’s senior secured credit facilities, its existing 6.250% Senior Secured Notes due 2025 (prior to the consummation of the transactions set forth below) and its existing 7.000% Senior Secured Notes due 2030.
Concurrently with the issuance of the Notes, the Company expects to enter into an amendment to the CEI Credit Agreement to provide for, among other things, a new approximately $2.0 billion senior secured term loan facility (the “New Term B-1 Loan”).
The closing of the New Term B-1 Loan under the CEI Credit Agreement is not a condition to the closing of the sale of the Notes.

Caesars Entertainment, Inc. Announces Pricing of Offering of Senior Secured Notes

Retrieved on:

Wednesday, January 24, 2024

Casino, Gaming, General Entertainment, Technology, Entertainment, Software, Senior, Credit, CZR, Person, Caesars Entertainment, Sale, Regulation, CRC, Subsidiary, Security (finance)

Caesars Entertainment, Inc. (NASDAQ: CZR) (the “Company”) today announced the pricing of its previously announced offering of $1.5 billion aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”) at an interest rate of 6.500% per annum and an issue price equal to 100% of the principal amount of the Notes.

Key Points:

Caesars Entertainment, Inc. (NASDAQ: CZR) (the “Company”) today announced the pricing of its previously announced offering of $1.5 billion aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”) at an interest rate of 6.500% per annum and an issue price equal to 100% of the principal amount of the Notes.
The offering is expected to close on or about February 6, 2024, subject to customary closing conditions.
The Notes will be guaranteed on a senior secured basis by each existing and future wholly-owned domestic subsidiary of the Company that is a guarantor with respect to the Company’s senior secured credit facilities (the “CEI Credit Agreement”), its existing 6.250% Senior Secured Notes due 2025 (prior to the consummation of the transactions set forth below) and its existing 7.000% Senior Secured Notes due 2030 (the “Subsidiary Guarantors”), once certain regulatory approvals are obtained.
The Notes and guarantees of the Notes will be the Company’s and the Subsidiary Guarantors’ senior secured obligations and, once certain regulatory approvals are obtained, secured on a first-priority pari passu basis on substantially all of the property and assets of the Company and the Subsidiary Guarantors, now owned or hereafter acquired by the Company and any Subsidiary Guarantor, that secure the obligations under the Company’s senior secured credit facilities, its existing 6.250% Senior Secured Notes due 2025 (prior to the consummation of the transactions set forth below) and its existing 7.000% Senior Secured Notes due 2030.

UpHealth Provides Corporate Update And Issues Financial Results For The Third Quarter Of 2023

Retrieved on:

Monday, November 20, 2023

DELRAY BEACH, Fla., Nov. 20, 2023 (GLOBE NEWSWIRE) -- UpHealth, Inc. (“we,” “UpHealth,” or the “Company”) (NYSE: UPH), today issued a corporate update in the form of a letter to shareholders on behalf of CEO, Martin Beck, inclusive of financial results for the third quarter ended September 30, 2023.

Key Points:

For the third quarter of 2023, we reported total revenues of $32.7 million, compared to $38.7 million in the third quarter of 2022.
Our gross margin expanded to 54% in the third quarter of 2023, up from 44% in the third quarter of 2022.
Due to the deconsolidation of UpHealth Holdings, this excludes approximately $35.6 million of cash at UpHealth Holdings as of September 30, 2023.
On September 19, 2023, UpHealth Holdings, a subsidiary of UpHealth, filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.

Shell agrees to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners

Retrieved on:

Monday, December 11, 2023

Savyon, Electron, Sale, Senior, Subsidiary, Shell plc, Hydrogen, Shell, IRA, Wind, Inflation, Capital market, Arrangement, Infrared, Renewable energy, Brazos River

HOUSTON, Dec. 11, 2023 /PRNewswire/ -- Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc (Shell), have agreed to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners (InfraRed).

Key Points:

HOUSTON, Dec. 11, 2023 /PRNewswire/ -- Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc (Shell), have agreed to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners (InfraRed).
Through the current agreement, Shell will retain 100% of power offtake from the Brazos project through Shell Energy North America (US) L.P.
Shell will be the asset manager of Brazos and Madison Fields, and both projects will benefit from Inflation Reduction Act (IRA) tax credits.
In this announcement, "Shell", "Shell Group" and "Group" are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general.

Yoshitsu Co., Ltd Establishes a New Subsidiary in Canada

Retrieved on:

Monday, November 6, 2023

Principal, Sale, United Kingdom, Subsidiary, Retail

The Subsidiary will have direct control over the operation processes and distribution channels in the local market.

Key Points:

The Subsidiary will have direct control over the operation processes and distribution channels in the local market.
With the support of local warehouses, the Subsidiary will be providing a local source of Yoshitsu products to its customers in Canada.
The Subsidiary plans to engage with local customers through its diverse and tailored services and product portfolio.
We hope this will lower our operating costs, build stronger customer relationships, and establish our foothold in the North American market.”

Yoshitsu Co., Ltd. Announces the Establishment of New Subsidiaries in the U.S.

Retrieved on:

Friday, November 3, 2023

Principal, United Kingdom, Cosmetics, Subsidiary

Through the establishment of the Subsidiaries, the Company aims to reinforce its business growth strategy in the U.S. market, advancing its expansion efforts globally and strengthening its ties with varied markets.

Key Points:

Through the establishment of the Subsidiaries, the Company aims to reinforce its business growth strategy in the U.S. market, advancing its expansion efforts globally and strengthening its ties with varied markets.
The Subsidiaries enable the Company to operate directly in the U.S., which is expected to streamline the Company’s international logistics and improve its cross-border communications.
The Subsidiaries are expected to customize their product offerings in the U.S. to align with local consumers’ preferences.
Mr. Mei Kanayama, the Principal Executive Officer of Yoshitsu, commented, “We believe that our decision to establish subsidiaries in the U.S. represents a step forward in strengthening our connection with our customers.