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Generational Group Recognized by Global M&A Network

Retrieved on: 
Thursday, February 8, 2024

Generational Group , a leading investment banking firm for privately held businesses, is pleased to announce that it has received multiple M&A Atlas Awards, presented by the Global M&A Network.

Key Points: 
  • Generational Group , a leading investment banking firm for privately held businesses, is pleased to announce that it has received multiple M&A Atlas Awards, presented by the Global M&A Network.
  • The awards were presented at the Network’s 15th Annual Americas and Global Markets M&A Atlas Awards gala on January 30, 2024 at the Metropolitan Club of New York City .
  • Global M&A Network (GM&AN) is a diversified media company and exclusive publisher of the popular “Top Dealmakers” lists.
  • “It is a real honor to see our team of professionals recognized by the Global M&A Network,” said Brenen Hofstadter , Generational’s Chief M&A Officer.

PyroGenesis Announces Milestone Reached for Fumed Silica Reactor Project

Retrieved on: 
Tuesday, February 6, 2024

The Fumed Silica Reactor (FSR) technology project is being conducted in conjunction with HPQ Silica Polvere Inc. (“HPQ Polvere”), a wholly owned subsidiary of HPQ.

Key Points: 
  • The Fumed Silica Reactor (FSR) technology project is being conducted in conjunction with HPQ Silica Polvere Inc. (“HPQ Polvere”), a wholly owned subsidiary of HPQ.
  • Fumed silica is a moisture-absorbing white microstructure powder with high surface area and low bulk density.
  • Fumed silica sales accounted for almost 23% of the global specialty silica market at the end of 2021.
  • PyroGenesis’ involvement in developing fumed silica from quartz is part of PyroGenesis’ three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry.

Inter&Co Announces Commencement of Follow-on Public Offering of its Class A Common Shares

Retrieved on: 
Tuesday, January 16, 2024

In connection with this Offering, the Company has granted the underwriters the option to purchase up to 4,800,000 additional Class A common shares.

Key Points: 
  • In connection with this Offering, the Company has granted the underwriters the option to purchase up to 4,800,000 additional Class A common shares.
  • Inter&Co’s shareholders do not have any right of preference or priority to subscribe for shares under the Offering.
  • Inter&Co intends to use the net proceeds from the offering of the shares for general corporate purposes.
  • Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as Global Coordinators in the Offering.

PyroGenesis Announces Improved Economics for Fumed Silica Reactor Project

Retrieved on: 
Thursday, January 11, 2024

As stated in PyroGenesis’ news release dated November 9, 2023 , the production of the fumed silica reactor pilot plant is already underway, with a planned completion by Q2 2024.

Key Points: 
  • As stated in PyroGenesis’ news release dated November 9, 2023 , the production of the fumed silica reactor pilot plant is already underway, with a planned completion by Q2 2024.
  • The FSR, another plasma-based process developed by PyroGenesis, converts quartz into commercial-grade fumed silica (or Pyrogenic Silica) in a single and eco-friendly step.
  • PyroGenesis’ involvement in developing fumed silica from quartz is part of PyroGenesis’ three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry.
  • Management has calculated the Payback for the Fumed Silica Reactor (FSR) based on operational data accumulated over the years.

Commencement of Strategic Review

Retrieved on: 
Monday, January 8, 2024

The Company today announces that the Board of Directors of I-RES (the “Board”) has decided to commence a strategic review to consider and evaluate all strategic options that may be available to maximise and unlock value for shareholders in the Company (the “Strategic Review”).

Key Points: 
  • The Company today announces that the Board of Directors of I-RES (the “Board”) has decided to commence a strategic review to consider and evaluate all strategic options that may be available to maximise and unlock value for shareholders in the Company (the “Strategic Review”).
  • This Strategic Review will commence as soon as practicable in Q1 2024, following the release of the Company’s 2023 Full Year Financial Results.
  • The Special Committee will retain specialist international financial and real estate advice to assist with the Strategic Review.
  • There is no certainty that any change will result from the Strategic Review or that any sale, strategic investment or other transaction will be concluded, nor as to the terms on which any offer, strategic investment or other transaction may be made.

Passing of Written Resolution

Retrieved on: 
Sunday, December 10, 2023

On 7 November 2023, the Issuer announced the circulation of a notice of written resolution (the “Notice of Written Resolution”) requesting that holders of the Notes (the “Noteholders”) consider the extraordinary resolution set out in the Notice of Written Resolution being proposed as a written resolution (the “Written Resolution”), which contained the proposal by the Issuer for consent by the Noteholders by way of Written Resolution (as more fully described in the Notice of Written Resolution, the “Proposal”).

Key Points: 
  • On 7 November 2023, the Issuer announced the circulation of a notice of written resolution (the “Notice of Written Resolution”) requesting that holders of the Notes (the “Noteholders”) consider the extraordinary resolution set out in the Notice of Written Resolution being proposed as a written resolution (the “Written Resolution”), which contained the proposal by the Issuer for consent by the Noteholders by way of Written Resolution (as more fully described in the Notice of Written Resolution, the “Proposal”).
  • The Issuer today announces that:
    the requisite threshold required for the passing of the Written Resolution was achieved on 14 November 2023;
    the Eligibility Condition was satisfied on 14 November 2023; and
    the Registered Holder executed the Written Resolution on 15 November 2023.
  • Noteholders are urged to read the Notice of Written Resolution carefully, together with any other publicly available information on the Issuer and its group which such Noteholder shall deem necessary, before submitting an Output Instruction in connection with the Written Resolution.
  • Any questions relating to this Announcement or the Notice of Written Resolution should be addressed to the Tabulation Agent as follows:

Notice of Written Resolution

Retrieved on: 
Tuesday, November 7, 2023

The Issuer today announces the circulation of a notice of written resolution (the “Notice of Written Resolution”) requesting that holders of the Notes (the “Noteholders”) consider the extraordinary resolution set out in the Notice of Written Resolution being proposed as a written resolution, which contains the proposal by the Issuer for Noteholders to consent to amendments to the trust deed dated 17 September 2019 between Metro Bank PLC (“Metro Bank”) and The Law Debenture Trust Corporation p.l.c.

Key Points: 
  • The Issuer today announces the circulation of a notice of written resolution (the “Notice of Written Resolution”) requesting that holders of the Notes (the “Noteholders”) consider the extraordinary resolution set out in the Notice of Written Resolution being proposed as a written resolution, which contains the proposal by the Issuer for Noteholders to consent to amendments to the trust deed dated 17 September 2019 between Metro Bank PLC (“Metro Bank”) and The Law Debenture Trust Corporation p.l.c.
  • (the “Trustee”), as supplemented by a supplemental trust deed dated 19 May 2023 between the Issuer, the Trustee and Metro Bank (together, the “Trust Deed”), by way of a second supplemental trust deed to modify, upon prior satisfaction of the Effectiveness Conditions (as defined in the Notice of Written Resolution) and with effect on and from the Settlement Date (as defined in the Notice of Written Resolution and currently expected to be 30 November 2023), Condition 10(a) of the terms and conditions of the Notes such that the maturity date of the Notes will be the Settlement Date and the redemption of the Notes will be effected by way of delivery, to the holders thereof, of (i) the £1,000 in principal amount of the New MREL Notes (as defined in the Notice of Written Resolution) to be issued by the Issuer for each £1,000 in principal amount of Notes held by each such Noteholder and (ii) the Accrued Interest Amount (as defined in the Notice of Written Resolution) in cash, as well as consequential or related amendments to the Trust Deed (as more fully described in the Notice of Written Resolution, the “Proposal”).
  • Noteholders are urged to read the Notice of Written Resolution carefully, together with any other publicly available information on the Issuer and its group which such Noteholder shall deem necessary, before submitting a Voting Instruction in connection with the Written Resolution (each as defined in the Notice of Written Resolution).
  • Any questions relating to this Announcement or the Notice of Written Resolution should be addressed to the Tabulation Agent as follows:

Generational Group to be Recognized by Global M&A Network

Retrieved on: 
Tuesday, October 31, 2023

All winners, as well as the recipients of the Investment Banking and Evaluation Firm awards, will be recognized at the 15th Annual Americas M&A Atlas Awards Ceremony , hosted by the Global M&A Network (GM&AN), on January 30, 2024 at The Metropolitan Club of New York City .

Key Points: 
  • All winners, as well as the recipients of the Investment Banking and Evaluation Firm awards, will be recognized at the 15th Annual Americas M&A Atlas Awards Ceremony , hosted by the Global M&A Network (GM&AN), on January 30, 2024 at The Metropolitan Club of New York City .
  • Global M&A Network is a diversified media company and exclusive publisher of the popular “Top Dealmakers” lists.
  • “It is a real pleasure to see our team of professionals recognized by the Global M&A Network,” said Brenen Hofstadter , Generational’s Chief M&A Officer.
  • Given the substantial talent in our industry, it’s a great honor for our team to be recognized as a finalist in both categories.”

SOLUTRANS 2023: a trade show focused on innovation for a greener industry

Retrieved on: 
Wednesday, October 25, 2023

Already fully booked since June, SOLUTRANS has become Europe's biggest event for the transport sector, reinforcing its key role in energy transition in the field of mobility.

Key Points: 
  • Already fully booked since June, SOLUTRANS has become Europe's biggest event for the transport sector, reinforcing its key role in energy transition in the field of mobility.
  • The theme for this year's event is "How to incorporate the HGV-LCV industry into a low-carbon sector".
  • In 2021, SOLUTRANS experienced a remarkable recovery, with 55,000 professionals taking part, and delivering exhibitor and visitor satisfaction rates of above 95%.
  • AS IN PREVIOUS EDITIONS, INNOVATION WILL BE IN THE SPOTLIGHT with the presentation of the International Prizes (ITOY and IVOTY) and the SOLUTRANS I-nnovation AWARDS.

Western Asset Managed Municipals Fund Inc. Announces Completion of Merger and Share Conversion Price

Retrieved on: 
Monday, October 16, 2023

Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today announced the completion of the merger of Western Asset Municipal Partners Fund Inc. (NYSE: MNP and together with MMU, the “Funds” or each, a “Fund”) with and into MMU (the “Merger”).

Key Points: 
  • Western Asset Managed Municipals Fund Inc. (NYSE: MMU) today announced the completion of the merger of Western Asset Municipal Partners Fund Inc. (NYSE: MNP and together with MMU, the “Funds” or each, a “Fund”) with and into MMU (the “Merger”).
  • The conversion price was based on each Fund’s net asset value (NAV) per share calculated at the close of business on Friday, October 13, 2023.
  • The conversion ratio was calculated at 1.172960 common shares of MMU for each MNP common share.
  • MMU is managed by Legg Mason Partners Fund Advisor, LLC, (“LMPFA”) and sub-advised by Western Asset Management Company, LLC (“Western Asset”).