Treasury

More mergers to come under scrutiny in another leg of Chalmers’ competition policy

Retrieved on: 
Tuesday, April 9, 2024
ACCC, Risk, University, Treasurer, Food, OECD, Competition, Competition Tribunal, Workload, Treasury, Economics, Government, Law, Supermarket

Treasurer Jim Chalmers has unveiled new rules governing company mergers that will bring more of them under scrutiny to ensure they don’t worsen competition.

Key Points: 
  • Treasurer Jim Chalmers has unveiled new rules governing company mergers that will bring more of them under scrutiny to ensure they don’t worsen competition.
  • A mandatory notification system will be brought in and the Australian Competition and Consumer Commission will be the single decision-maker on all mergers.
  • At the moment, notifications are voluntary, with the ACCC having the right to object after they have gone ahead.
  • Mergers above a yet-to-be-determined threshold and mergers which could significantly change market concentration will have to be notified and approved before going ahead.

Lilium Names Johan Malmqvist as Chief Financial Officer

Retrieved on: 
Monday, March 25, 2024
Growth, CFO, Vegetable, Air travel, Dole plc, DOLE, Dole, Treasury, Total Produce

MUNICH, Germany, March 25, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced they have appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024.

Key Points: 
  • MUNICH, Germany, March 25, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced they have appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024.
  • Johan Malmqvist brings more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies.
  • Johan succeeds Oliver Vogelgesang, who has been with Lilium since 2021 when he joined as SVP Finance & Controlling.
  • We appreciate Oliver’s contributions to Lilium and wish him well in his future endeavors.”
    “I am privileged to join Lilium at this paramount time in its corporate journey,” said Johan Malmqvist.

Mkango Raises £750,000 (C$1.3M) to Advance Rare Earth Magnet Recycling in United Kingdom and Germany, and Launches Strategic Review

Retrieved on: 
Monday, March 25, 2024
Hydrogen, Magnet, HPMS, Exercise, DTR, Neodymium magnet, Recycling, Minority, Disclosure, Research, Acquisition, University, Carbonate, Treasury, Admission, MKA, AIM, Subscription business model, Multilateral

LONDON and VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) is pleased to announce that it has conditionally raised gross proceeds of £750,000 (approximately C$1.3 million) through the issuance, on a private placement basis, of 15,000,000 common shares of the Company (the “Subscription Shares”) at a price per Subscription Share of 5 pence (“p”) (approximately C$0.086) (the “Subscription”).

Key Points: 
  • As part of this process, the Company has decided to launch a review of strategic options for its Songwe Hill Rare Earths Project in Malawi as well as the Pulawy Rare Earths Separation Project in Poland.
  • Mkango believes this strategic review will help maximise returns for its shareholders whilst it seeks to expand its recycling business.”
    HyProMag is commercialising Hydrogen Processing of Magnet Scrap (“HPMS”) recycling technology in the UK, Germany and United States.
  • William Dawes, CEO and a director of the Company, has agreed to subscribe for 3,000,000 Subscription Shares, for £150,000.
  • The issuance of the Subscription Shares to William Dawes was approved by the board of directors of Mkango, with William Dawes abstaining from voting.

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, March 25, 2024
EUR, Disclosure, Share repurchase, STMicroelectronics, Electronics, Treasury, LEI, Security (finance)

AMSTERDAM – March 25, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares – Period from Mar 18, 2024 to Mar 20, 2024
    AMSTERDAM – March 25, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.

Treasury Metals Announces Filing of 2023 Annual Disclosure Documents and Provides a Corporate Update

Retrieved on: 
Friday, March 22, 2024
TML, Risk, First, Bank statement, TSX, OTCQX, Gold, Treasury, Convertible

TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- Treasury Metals Inc. (TSX: TML; OTCQX: TSRMF) (“Treasury” or the “Company”) is pleased to announce the filing of its annual financial statements, management's discussion and analysis and annual information form (together, the "Annual Filings") for the year ended December 31, 2023.

Key Points: 
  • TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- Treasury Metals Inc. (TSX: TML; OTCQX: TSRMF) (“Treasury” or the “Company”) is pleased to announce the filing of its annual financial statements, management's discussion and analysis and annual information form (together, the "Annual Filings") for the year ended December 31, 2023.
  • Completed two non-brokered private placements, in June and December 2023, respectively, raising gross proceeds of more than $5.5 million.
  • “On behalf of the Treasury Metals team, we thank Frazer for his valuable contributions to the Company and wish him future success.
  • His experience and perspective have been of great value to the Board during his tenure,” stated James Gowans, Chairman of the Board.

Millicom (Tigo) share repurchase activity

Retrieved on: 
Friday, March 22, 2024
MAR, Nasdaq Stockholm, Treasury, Harbor

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.

Key Points: 
  • All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.
  • Following the purchases, Millicom holds 1,013,486 treasury shares as of March,22 2024.
  • The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”).
  • For information about all transactions carried out under the repurchase program, refer to Nasdaq Stockholm’s website: http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/s...

Alvotech Announces Increase in Number of Own Shares

Retrieved on: 
Friday, March 22, 2024
Patient, USD, Sale, Treasury, Security (finance)

(the “subsidiary”), has subscribed to all of the newly issued shares for a price of USD 15.98 per share.

Key Points: 
  • (the “subsidiary”), has subscribed to all of the newly issued shares for a price of USD 15.98 per share.
  • The shares held by the subsidiary are treated as treasury shares without voting rights or dividend entitlement.
  • Following the above-mentioned transactions, the subsidiary will hold 23,160,596 shares in the Company, or around 7.7% of issued shares, and the number of issued shares has increased from 289,727,462 to 302,727,462 shares as a result thereof.
  • The share capital increase is intended to meet the reduction in the number of treasury shares resulting from settlement of the above-mentioned sale of ordinary shares, allowing the Company to continue holding a sufficient number of shares to fulfill the Company’s commitments related to various financial obligations, including warrants, convertible financial instruments, and share-based employee compensation.

Central 1 reports 2023 financial results

Retrieved on: 
Thursday, March 21, 2024
Investment, Treasury, Credit union, Cryptocurrency

2023 consolidated results compared to 2022:

Key Points: 
  • 2023 consolidated results compared to 2022:
    Net income of $25.4 million, compared to a net loss of $69.6 million in 2022.
  • Central 1’s 2023 results reflect a strong year across business lines driven by a mix of fee revenue, higher payments volumes and increased use of our digital products.
  • The fair value movement of financial instruments, which dominated 2022 performance, was less volatile throughout 2023 as our investment and lending portfolios performed well.
  • “As market challenges persisted throughout 2023, Central 1 remained focused on supporting our members and clients,” said Sheila Vokey, Central 1 President & CEO.

Timbercreek Financial Declares March 2024 Dividend

Retrieved on: 
Thursday, March 21, 2024
Indian stock exchange, TSX, Plan, Treasury, Dividend, Security (finance)

TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on April 15, 2024 to holders of Common Shares of record on March 28, 2024.

Key Points: 
  • TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on April 15, 2024 to holders of Common Shares of record on March 28, 2024.
  • The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees.
  • Common Shares acquired under the Plan will be automatically enrolled in the Plan.
  • Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.

SiriusPoint Announces Notes Offering, Tender Offer for 4.600% Senior Notes due 2026 and Redemption of 7.00% Senior Notes due 2025

Retrieved on: 
Thursday, March 21, 2024
Tax, Debt, Sale, Tender offer, Investment, BMO Capital Markets, HSBC, Treasury, Bank, Consent, Tender, BNY Mellon, Solicitation, Acquisition, Security (finance), Insurance, Annual report, COVID-19, CUSIP, Expiration, Jefferies Group, J.P. Morgan & Co.

Those who validly tender 2026 Notes and deliver consents before the Early Expiration Time will receive the Total Consideration for each $1,000 principal amount of accepted 2026 Notes.

Key Points: 
  • Those who validly tender 2026 Notes and deliver consents before the Early Expiration Time will receive the Total Consideration for each $1,000 principal amount of accepted 2026 Notes.
  • Those who validly tender 2026 Notes and deliver consents after the Early Expiration Time will receive the Total Consideration, less $50, for each $1,000 principal amount of accepted 2026 Notes.
  • The Tender Offer will expire at 5:00 p.m., New York City time, on April 19, 2024, unless extended or earlier terminated by SiriusPoint (the “Tender Offer Expiration”).
  • No recommendation is made as to whether holders should tender their 2026 Notes or deliver their consents with respect to the 2026 Notes.