Treasury

United Bank Wins Sixth New Markets Tax Credit Allocation for $65 Million

Retrieved on: 
Wednesday, September 27, 2023
Small business, Community Development Financial Institutions Fund, New Markets Tax Credit Program, Treasury, Congress, United States Department of the Treasury, Investment, CDFI, United Bank (Atlanta metropolitan area), United Bank, Bank

ATMORE, Ala., Sept. 27, 2023 /PRNewswire/ -- United Bank is pleased to announce it has been awarded a $65 million New Markets Tax Credit Allocation by the Department of the Treasury through UB Community Development (UBCD). The award is the result of United Bank's ongoing commitment to enhancing the economic vitality of low-income communities in Alabama and in Northwest Florida. Today's announcement marks the sixth allocation United Bank and UBCD have received from the CDFI Fund totaling $360 million for Alabama and Florida.

Key Points: 
  • ATMORE, Ala., Sept. 27, 2023 /PRNewswire/ -- United Bank is pleased to announce it has been awarded a $65 million New Markets Tax Credit Allocation by the Department of the Treasury through UB Community Development (UBCD).
  • Today's announcement marks the sixth allocation United Bank and UBCD have received from the CDFI Fund totaling $360 million for Alabama and Florida.
  • United Bank has been awarded a $65 million New Markets Tax Credit Allocation by the Department of the Treasury.
  • The New Markets Tax Credit is a 39 percent federal tax credit, taken over seven years on investments made in those communities.

Ferguson Share Repurchase Program - Weekly Report

Retrieved on: 
Wednesday, September 27, 2023
HVAC, Manufacturing, Treasury, Article, Ferguson, Disclosure, European Union (Withdrawal) Act 2018, Security (finance), EU

The Company intends to hold these shares in treasury.

Key Points: 
  • The Company intends to hold these shares in treasury.
  • Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 28,293,599.
  • Following the purchase of these shares, the remaining number of ordinary shares in issue will be 203,877,583.
  • In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases can be found at Ferguson - Investors - Shareholder Center - Share Buy-Back Details - 2023 Share Buy-Back .

NEIGHBORHOOD NATIONAL BANK RECEIVES BUSINESS ENTERPRISE AWARD

Retrieved on: 
Wednesday, September 27, 2023
U.S. Department of Defense Strategy for Operating in Cyberspace, Community Development Financial Institutions Fund, Woman, NNB, BEA, NNB Generation Company, ERP, Veteran, Treasury, CDFI, Community development, Bank

EL CAJON, Calif., Sept. 27, 2023 /PRNewswire/ -- Neighborhood National Bank (NNB) announced today it has received a Business Enterprise Award (BEA) from the U.S. Department of Treasury's Community Development Financial Institution Fund (CDFI Fund) in the amount of $451,025.

Key Points: 
  • EL CAJON, Calif., Sept. 27, 2023 /PRNewswire/ -- Neighborhood National Bank (NNB) announced today it has received a Business Enterprise Award (BEA) from the U.S. Department of Treasury's Community Development Financial Institution Fund (CDFI Fund) in the amount of $451,025.
  • NNB, the first nationally chartered CDFI, and only financial institution CDFI in San Diego County, was one of only 184 BEA Award recipients nationwide.
  • NNB received the grant based on providing qualified loans to small businesses in distressed communities in San Diego County.
  • This award follows NNB's parent company, Neighborhood Bancorp receiving a $3.7 million Equitable Recovery Program (ERP) grant in April of this year that was recently funded by the CDFI Fund.

Nordea Bank Abp: Transaction in Own Shares

Retrieved on: 
Wednesday, September 27, 2023
Treasury, European Parliament, London Stock Exchange, Financial Conduct Authority, MAR, United States securities regulation, EUR, London, Council, Appendix, United Kingdom, RNS, Cryptocurrency, EU, Nordea

The repurchase of own shares is executed in public trading in accordance with Regulation No.

Key Points: 
  • The repurchase of own shares is executed in public trading in accordance with Regulation No.
  • 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052.
  • After the disclosed transactions, Nordea holds 3,476,879 treasury shares for capital optimisation purposes and 4,787,315 treasury shares for remuneration purposes.
  • On behalf of Nordea Bank Abp,
    This information is provided by RNS, the news service of the London Stock Exchange.

ECN Capital and Skyline Champion Announce Closing of Skyline Champion’s C$185 Million Strategic Investment in ECN Capital and Establishment of New Captive Finance Company

Retrieved on: 
Tuesday, September 26, 2023
Treasury, Private, Convertible, Private placement, US, ECN, Indian stock exchange, Vulnerability and Risk Committee, TSX, Capital Purchase Program, ECN Capital, SKY, Credit, NYSE, Security (finance), Triad, TROY

Following closing of the Private Placement, Skyline Champion owns an approximately 19.9% indirect equity interest in ECN Capital (assuming the conversion of all Convertible Preferred Shares).

Key Points: 
  • Following closing of the Private Placement, Skyline Champion owns an approximately 19.9% indirect equity interest in ECN Capital (assuming the conversion of all Convertible Preferred Shares).
  • In connection with the Private Placement, ECN Capital and Skyline Champion have formed Champion Financing LLC, a captive finance company that is 51% owned by and affiliate of Skyline Champion and 49% owned by Triad (“Champion Financing”).
  • Immediately prior to the Private Placement, Skyline Champion did not beneficially own, or exercise control or direction over, any securities of ECN Capital.
  • Skyline Champion is acquiring the Common Shares and Convertible Preferred Shares for investment purposes and will continue to monitor the business, prospects, financial condition and potential capital requirements of ECN Capital.

MariaDB Rule 2.12 Announcement

Retrieved on: 
Tuesday, September 26, 2023
Software, Technology, Networks, Data Management, International Securities Identification Number, Treasury, MariaDB, NYSE, Security (finance)

MariaDB plc (NYSE: MRDB) (the “Company”), in accordance with Rule 2.12 of the Irish Takeover Rules, confirms that as of September 22, 2023 its issued ordinary share capital was comprised of 67,713,368 ordinary shares, nominal value $0.01 per share (the "Ordinary Shares").

Key Points: 
  • MariaDB plc (NYSE: MRDB) (the “Company”), in accordance with Rule 2.12 of the Irish Takeover Rules, confirms that as of September 22, 2023 its issued ordinary share capital was comprised of 67,713,368 ordinary shares, nominal value $0.01 per share (the "Ordinary Shares").
  • The Ordinary Shares are admitted to trading on the New York Stock Exchange under the ticker symbol MRDB.
  • The Company confirms that as of September 22, 2023, there were outstanding warrants to subscribe for an aggregate of 16,351,314 Ordinary Shares.
  • The Company has 25,000 Deferred Ordinary Shares which are held as treasury shares.

Fuller, Smith & Turner PLC: Transaction in Own Shares

Retrieved on: 
Tuesday, September 26, 2023
FSA, Article, Transparency, Disclosure, European Union (Withdrawal) Act 2018, Security (finance), Treasury, EU

The Company intends to hold the repurchased shares in Treasury.

Key Points: 
  • The Company intends to hold the repurchased shares in Treasury.
  • Following the purchase of the said shares, Fuller’s listed issued share capital consists of 41,082,339 ‘A’ ordinary shares of 40p each.
  • Of this total, 2,811,237 ‘A’ ordinary shares are held in treasury.
  • Therefore, the total number of listed voting rights in the Company for the purpose of Disclosure and Transparency Rule 5.6.1 (calculated in accordance with Disclosure and Transparency Rule 5.6.2) is 38,271,102.

Russell Investments’ Q4 2023 Global Market Outlook: Strategists See Limited Upside for Equities, Mild Recession in 2024

Retrieved on: 
Tuesday, September 26, 2023
Finance, Consulting, Professional Services, Other Professional Services, Asset Management, Overalls, Real estate investment trust, Growth, United States Department of the Treasury, Russell Investments, Treasury, Bank, Security (finance), Fed

“A soft landing for the U.S. economy where recession is avoided is possible, but we still think a mild recession is likely,” said Andrew Pease, global head of investment strategy at Russell Investments.

Key Points: 
  • “A soft landing for the U.S. economy where recession is avoided is possible, but we still think a mild recession is likely,” said Andrew Pease, global head of investment strategy at Russell Investments.
  • The team believes 10-year U.S. Treasury yields near 4.3% offer good value and recession risks provide cycle support.
  • Russell Investments’ strategists summarize their Q4 2023 asset-class preferences as follows:
    Equities have limited upside with recession risk on the horizon.
  • Oil has benefited from the OPEC+ supply cuts, though the upside appears limited given the subdued Chinese economy.

Azamara Unveils 2026 World Cruise, A Unique Experience to the Seven Wonders of the World

Retrieved on: 
Tuesday, September 26, 2023
UNESCO, Redeemer, Roman Forum, Colonnaded Street, Travel, Sail, Drink, Rio, Magic, Culture, Colosseum, Forbidden City, Wonders of the World, Wi-Fi, Traveler, History, Chichen Itza, Treasury, Discovery, Siq, Museum of the Royal Tombs of Aigai (Vergina), Agra Fort, Circumnavigation, Greek, Temple, Love, World Heritage Site, Douglas World Cruiser, Machu Picchu, Destination, Great, Great Wall of China, Tourism, Entertainment, Azamara, Oberoi, Inca Empire

MIAMI, Sept. 26, 2023 /PRNewswire/ -- Azamara, the small-ship cruise line renowned for Destination Immersion® experiences, proudly unveils its 2026 World Cruise, a majestic journey setting sail from Miami, Florida on January 6, 2026. This grand expedition, concluding in the vibrant city of Barcelona, Spain, is a golden ticket to explore over 35 countries and experience the enchanting allure of the Seven Wonders of the World. Azamara Onward's world cruise is designed to grant guests an extended exploration with 55 late nights and overnights, 60 Extended Destination Days, 3 exclusive World Cruise events and 10 AzAmazing events, allowing for a deeper connection with each mesmerizing wonder and the diverse tapestry of cultures that surround them.

Key Points: 
  • This grand expedition, concluding in the vibrant city of Barcelona, Spain, is a golden ticket to explore over 35 countries and experience the enchanting allure of the Seven Wonders of the World.
  • "We are thrilled to welcome our world cruisers on this journey of a lifetime," said Carol Cabezas, President of Azamara.
  • "Our 2026 World Cruise offers our guests the unique opportunity to uncover a new perspective on a wide variety of cultures and visit all seven wonders of the world, while enjoying some of the most exclusive and specially curated events throughout this exciting itinerary."
  • World Cruisers will have access to a destination-concierge, and pre-cruise dedicated call center specialists as they plan their journey on Azamara.

Sharp's Tami Rojas Named NJBIZ Best 50 Women in Business 2023

Retrieved on: 
Tuesday, September 26, 2023
Joint Committee on the Palace of Westminster, Woman, Electronics, The Palace, Somerset Park, Treasury, Work, Growth, Sharp Corporation, Management, Interior design, WISE, Sharp

MONTVALE, N.J., Sept. 26, 2023 /PRNewswire/ -- Sharp Electronics Corporation (SEC) announced today that NJBIZ has named Tami Rojas, Director of Procurement and Treasury, one of its Best 50 Women in Business for 2023. This award program recognizes 50 women in New Jersey who have made significant impacts on their business and community at large.

Key Points: 
  • MONTVALE, N.J., Sept. 26, 2023 /PRNewswire/ -- Sharp Electronics Corporation (SEC) announced today that NJBIZ has named Tami Rojas, Director of Procurement and Treasury, one of its Best 50 Women in Business for 2023.
  • This award program recognizes 50 women in New Jersey who have made significant impacts on their business and community at large.
  • "It comes as no surprise to us that Tami Rojas has been recognized as an NJBIZ Best Women in Business, given her tireless work and dedication to her colleagues at Sharp and her community," said Jeff Ashida, Chairman, President and CEO, Sharp Electronics Corporation.
  • The NJBIZ Best 50 Women in Business program selects winners via a panel of independent judges who review the entrants' professional experiences, accomplishments and involvement in their community, and run these criteria through a point system.