CMB

FRO – Fully funded acquisition of 24 modern VLCCs from Euronav NV

Retrieved on: 
Monday, October 9, 2023

The Acquisition is fully funded through the sale of Frontline’s shares in Euronav to CMB NV (“CMB”) and an attractive debt package as described below.

Key Points: 
  • The Acquisition is fully funded through the sale of Frontline’s shares in Euronav to CMB NV (“CMB”) and an attractive debt package as described below.
  • Following the acquisition of Euronav shares from Frontline and Famatown, CMB will own 49.05% of Euronav’s issued shares (representing 53% of the voting rights in Euronav).
  • The sale of the Euronav shares and the Acquisition set forth above are inter-conditional, and such inter-conditionality has to be approved by the Euronav shareholders meeting through a 50% +1 vote majority.
  • The key highlights of the Acquisition are:
    Attractive fleet of 24 ECO VLCCs, of which 22 are Korean built and nine are scrubber fitted.

FRO – Reference to stock announcement by Euronav BV

Retrieved on: 
Thursday, October 5, 2023

With reference to the stock announcement by Euronav BV (“Euronav”) on 5 October 2023, Frontline plc (“Frontline” or the “Company”) confirms that Frontline, CMB NV (“CMB”) and Euronav, are in discussions on an integrated solution to the strategic and structural deadlock in Euronav.

Key Points: 
  • With reference to the stock announcement by Euronav BV (“Euronav”) on 5 October 2023, Frontline plc (“Frontline” or the “Company”) confirms that Frontline, CMB NV (“CMB”) and Euronav, are in discussions on an integrated solution to the strategic and structural deadlock in Euronav.
  • Euronav’s pending arbitration action against Frontline and affiliates would be terminated conditional to the Share Sale.
  • Subject to documentation, Frontline will fully finance the Acquisition through the sale of Frontline’s shares in Euronav to CMB and an attractive long term debt package.
  • The aforementioned is in any case subject to all necessary internal approvals of the involved parties.

Turkiye Garanti Bankasi A.S.: CMB Approval for Bond Issuance to Foreign Markets

Retrieved on: 
Tuesday, October 17, 2023

It was announced on April 19, 2013 that GMTN (Global Medium Term Notes) program has been established by our Bank in order to arrange borrowing instruments issuance transactions in any currency with different series and maturities.

Key Points: 
  • It was announced on April 19, 2013 that GMTN (Global Medium Term Notes) program has been established by our Bank in order to arrange borrowing instruments issuance transactions in any currency with different series and maturities.
  • Below stated CMB issuance certificate has been received in regards to the issuance under the GMTN programme.

MeridianLink Mortgage Partners with Industry Leader to Help Innovative Financial Institutions Profit from Opportunities in Residential Lending

Retrieved on: 
Wednesday, August 30, 2023

MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, has partnered with Jim Deitch, Certified Mortgage Banker (CMB), to create a checklist for how innovative financial institutions can profit from opportunities in residential lending, available at https://www.meridianlink.com/jd-checklist .

Key Points: 
  • MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, has partnered with Jim Deitch, Certified Mortgage Banker (CMB), to create a checklist for how innovative financial institutions can profit from opportunities in residential lending, available at https://www.meridianlink.com/jd-checklist .
  • With the increasing demand for efficient, personalized, and user-friendly mortgage services, MeridianLink® solutions are designed to help financial institutions and lenders of all sizes facilitate fast, fully digital experiences.
  • “Now is the time for lenders to invest in creating truly digital mortgage lending experiences for consumers,” said Jim Deitch, CEO and Founder of Teraverde®.
  • “The way of doing business in the past, in which a large component of mortgage banking cost was labor, just doesn’t work anymore.

Turkiye Garanti Bankasi A.S.: Announcement regarding borrowing instruments issuances limit

Retrieved on: 
Tuesday, August 29, 2023

It was announced with our Bank’s public disclosures stated in the reference that, on its meeting held on June 1, 2023, the Board of Directors has resolved to issue subject to market conditions, bond or the green and/or sustainable borrowing instruments up to US$2,000,000,000 in total or equivalent in TL or in any other foreign currency, with different series and maturities and fixed and/or floating interest rates to be determined in accordance with market conditions at the time of issuance, to be sold outside Turkey in one or more issuances without public offering, and the relevant application process to the transaction has been initiated with the Capital Markets Board ("CMB") on June 20, 2023.

Key Points: 
  • It was announced with our Bank’s public disclosures stated in the reference that, on its meeting held on June 1, 2023, the Board of Directors has resolved to issue subject to market conditions, bond or the green and/or sustainable borrowing instruments up to US$2,000,000,000 in total or equivalent in TL or in any other foreign currency, with different series and maturities and fixed and/or floating interest rates to be determined in accordance with market conditions at the time of issuance, to be sold outside Turkey in one or more issuances without public offering, and the relevant application process to the transaction has been initiated with the Capital Markets Board ("CMB") on June 20, 2023.
  • It was announced in the weekly bulletin of the numbered 2023/50 that the above-mentioned application has been approved by the CMB
    *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
  • Contact Garanti BBVA Investor Relations:

How old is the universe exactly? A new theory suggests that it's been around for twice as long as believed

Retrieved on: 
Monday, August 28, 2023

Early universe observations by the James Webb Space Telescope (JWST) cannot be explained by current cosmological models.

Key Points: 
  • Early universe observations by the James Webb Space Telescope (JWST) cannot be explained by current cosmological models.
  • These models estimate the universe to be 13.8 billion years in age, based on the big-bang expanding universe concept.

Frequency and distance

    • The redshift of light is similar to the Doppler effect on sound: noises appear to have higher frequency (pitch) when approaching, and lower when receding.
    • Redshift, a lower light frequency, indicates when an object is receding from us; the larger the galaxy distance, the higher the recessional speed and redshift.
    • An alternative explanation for the redshift was due to the Doppler effect: distant galaxies are receding from us at speeds proportional to their distance, indicating that the universe is expanding.

Limitations of previous models

    • Research published last year proposed to resolve the impossible early galaxy problem using the tired light model.
    • However, tired light cannot satisfactorily explain other cosmological observations like supernovae redshifts and uniformity of the cosmic microwave background.
    • As with any model, it will need to provide a satisfactory explanation for all those observations that are satisfied by the standard cosmological model.

Mixing models

    • The approach of mixing two models to explain new observations is not new.
    • Albert Einstein resurrected the particle-like nature of light to explain the photoelectric effect — that light has dual characteristics: particle-like in some observations and wave-like in others.
    • Einstein believed that the universe is the same observed from any point at any time — homogeneous, isotropic and timeless.

New information

    • To defend the standard big-bang model, astronomers have tried to resolve the problem by compressing the timeline for forming massive stars and primordial black holes accreting mass at unphysically high rates.
    • However, a consensus is developing towards new physics to explain these JWST observations.

Latitude Uranium Provides Update to Shareholders

Retrieved on: 
Monday, August 21, 2023

TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to provide an update to shareholders in an open letter from President and CEO John Jentz.

Key Points: 
  • TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to provide an update to shareholders in an open letter from President and CEO John Jentz.
  • Throughout the past year, Latitude has solidified its position as a Canadian uranium explorer and developer.
  • With the resurgence in the nuclear sector, I am pleased to share an update on the steps we are taking to position Latitude for future success.
  • I joined Latitude Uranium as CEO as part of the acquisition of the Angilak Project, which saw the Company add an excellent uranium asset in Canada with over $95 million previously spent advancing the project.

CMB Regional Centers Group 82 Receives I-956F Approval

Retrieved on: 
Friday, August 11, 2023

DALLAS, Aug. 11, 2023 (GLOBE NEWSWIRE) -- This week, we learned that CMB Infrastructure Investment Group 82 received an I-956F approval!

Key Points: 
  • DALLAS, Aug. 11, 2023 (GLOBE NEWSWIRE) -- This week, we learned that CMB Infrastructure Investment Group 82 received an I-956F approval!
  • The first, CMB Group 78, was approved last month.
  • Under the RIA, Regional Centers are required to file an I-956F petition for every investment offering prior to individual investors filing their I-526E petitions.
  • CMB Group 82 provided $18.4 Million to finance the development and construction of an industrial/logistics facility at the Hazleton Logistics Park located in Hazleton, PA.

Marvell Keynote at FMS 2023 to Address Transforming Cloud Infrastructure for the AI Era

Retrieved on: 
Tuesday, August 8, 2023

SANTA CLARA, Calif., Aug. 8, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, will outline its strategy for optimizing storage and memory technologies for AI and other data-intensive cloud workloads at the Flash Memory Summit, taking place August 8-10 at the Santa Clara Convention Center. Nigel Alvares, vice president of Global Marketing and Business Planning, will present Marvell's keynote on Wednesday, August 9 at 11 a.m., "Transforming Cloud Infrastructure for the AI Era." In his talk, Mr. Alvares will discuss the impact generative AI is having on cloud infrastructure and the emerging cloud-optimized architecture solutions that will enable AI to continue to scale.

Key Points: 
  • Nigel Alvares, vice president of Global Marketing and Business Planning, will present Marvell's keynote on Wednesday, August 9 at 11 a.m., "Transforming Cloud Infrastructure for the AI Era."
  • In his talk, Mr. Alvares will discuss the impact generative AI is having on cloud infrastructure and the emerging cloud-optimized architecture solutions that will enable AI to continue to scale.
  • The Marvell® Bravera™ SC5 controller , the industry's first PCIe 5.0 SSD controller, delivers unprecedented performance, best-in-class efficiency, and leading security features for scalable, containerized cloud storage infrastructure.
  • DapuStor's latest generation SSD optimizes host-to-device data transfer performance and latency powered by Marvell's Bravera SC5 controller memory buffer (CMB) technology.

Turkiye Garanti Bankasi A.S.: Notification Regarding Issue of Capital Market Instrument (Debt Instrument)

Retrieved on: 
Saturday, July 29, 2023

It was announced on April 19, 2013 that GMTN (Global Medium Term Notes) program has been established by our Bank in order to arrange borrowing instruments issuance transactions in any currency with different series and maturities.

Key Points: 
  • It was announced on April 19, 2013 that GMTN (Global Medium Term Notes) program has been established by our Bank in order to arrange borrowing instruments issuance transactions in any currency with different series and maturities.
  • Below stated CMB issuance certificate has been received in regards to the issuance under the GMTN programme.
  • In case of contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.