Capital surplus

Borr Drilling Limited - Special General Meeting Results Notification

Retrieved on:

Friday, December 22, 2023

2nd Floor, Registered office, Share, Capital surplus, Mass meeting

HAMILTON, Bermuda, Dec. 22, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE : BORR) and (OSE: BORR) advises that a Special General Meeting of the Company was held on December 22, 2023 at 10:00 local time, at the Registered Office of the Company, 2nd Floor, S.E.

Key Points:

HAMILTON, Bermuda, Dec. 22, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE : BORR) and (OSE: BORR) advises that a Special General Meeting of the Company was held on December 22, 2023 at 10:00 local time, at the Registered Office of the Company, 2nd Floor, S.E.
Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.
The following resolution was approved by the Company's shareholders:
"To approve a reduction of the Share Premium account of the Company from US$2,290,578,712 to US$ 290,578,712 by the transfer of US$2,000,000,000 of the Share Premium to the Company's Contributed Surplus account, with effect from December 22, 2023."

AM Best Affirms Credit Ratings of Globe Life Inc. and Its Subsidiaries

Retrieved on:

Wednesday, August 30, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].
Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Globe Life.
AM Best also has affirmed the Short- and Long-Term Issue Credit Ratings (Short-Term IR; Long-Term IR) on the debt and the indicative Long-Term IRs on the securities of Globe Life.
Globe Life’s higher allocation to Class 2 bonds accounts for more than half of its bond portfolio, making Globe Life more susceptible to credit downgrades.

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend eMagin Shareholders Vote “For” Proposed Transaction with Samsung Display

Retrieved on:

Monday, August 21, 2023

LLP, Samsung Electronics, EMagin, Display, Downside risk, Calendar, Institutional Shareholder Services, White & Case, Samsung, Capital surplus, Glass Lewis, Myers, Samsung Display, Glass, NYSE, AR, ISS, Holding company, Security (finance)

HOPEWELL JUNCTION, N.Y., Aug. 21, 2023 (GLOBE NEWSWIRE) -- eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced both leading independent proxy advisory firms, Institutional Shareholder Services, Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”), have recommended that eMagin shareholders vote in favor of the proposed merger transaction with Samsung Display Co., Ltd., a subsidiary of Samsung Electronics Co. Ltd. and a worldwide manufacturer and distributor of display products.

Key Points:

As previously announced, eMagin shareholders would receive $2.08 per share in cash in a proposed transaction valued at approximately $218 million.
ISS and Glass Lewis are the leading independent, third-party proxy advisors to thousands of institutional investors and pension funds.
Until closing, eMagin and Samsung Display remain separate and independent companies.
Evercore Inc. is serving as exclusive financial advisor to Samsung Display and O'Melveny & Myers LLP is acting as legal counsel.

AM Best Affirms Credit Ratings of Globe Life Inc. and its Subsidiaries

Retrieved on:

Thursday, August 11, 2022

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].
Concurrently, AM Best has affirmed the Long-Term ICR of bbb+ (Good) of Globe Life.
AM Best also has affirmed the associated Short- and Long-Term Issue Credit Ratings (Short-Term IR; Long-Term IR) on the debt and indicative Long-Term IRs on the securities of Globe Life.
Globe Lifes higher allocation to Class 2 bonds accounts for more than half of the bond portfolio, making Globe Life more susceptible to credit downgrades.

Completion of Contribution of Altice Europe Shares by Next Alt to Its Wholly-owned Subsidiary Next Private

Retrieved on:

Saturday, September 26, 2020

Under the terms of the Contribution Agreement, Next Alt agreed to make a share premium contribution to Next Private (the "Contribution") consisting of 189,526,447 common shares A and 167,660,043 common shares B in the capital of Altice Europe held by Next Alt (the "Contribution Shares").

Key Points:

Under the terms of the Contribution Agreement, Next Alt agreed to make a share premium contribution to Next Private (the "Contribution") consisting of 189,526,447 common shares A and 167,660,043 common shares B in the capital of Altice Europe held by Next Alt (the "Contribution Shares").
To complete the Contribution, Next Alt transferred the legal title to the Contribution Shares to Next Private on 25 September 2020.
Next Private has neither issued any shares in its capital nor paid any consideration in exchange for the Contribution.
On the date hereof:
Next Private holds 189,526,447 common shares A and 167,660,043 common shares B in the capital of Altice Europe, representing approximately 73.70% of Altice Europe's issued share capital; and
Next Alt holds, directly and indirectly other than through its wholly-owned subsidiary Next Private, 231,938,465 common shares A in the capital of Altice Europe, representing approximately 3.90% of Altice Europe's issued share capital.