AFRICA

Metro Bank Holdings PLC and Metro Bank PLC Confirm Settlement Date

Retrieved on: 
Thursday, December 7, 2023
ACT, Settlement date, BY, Official List, Note, London, Financial Conduct Authority, ISIN, Bank, AFRICA, Common, AS, Debt, London Stock Exchange, Security (finance), Cryptocurrency

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.

Key Points: 
  • THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.
  • Completion of the Equity Raise, the New MREL Notes Raise and the Debt Refinancing are inter-conditional (together, they are referred to herein as the “Transaction”).
  • On 27 November 2023, the Company announced the passing of the shareholder resolutions necessary to approve the Equity Raise.
  • Accordingly, subject only to Admission (as defined below), the Settlement Date of the Transaction (including the Equity Raise, the New MREL Notes Raise and the Debt Refinancing) shall be 30 November 2023.

EQS-News: Satisfaction of Regulatory Clearance Condition

Retrieved on: 
Wednesday, December 6, 2023
2003 IAAF World Athletics Final – Results, Finance, Legislation, Prudential Regulation Authority (United Kingdom), Financial Conduct Authority, Condition precedent, London Stock Exchange, Censorship of LGBT issues, Communication, Nature, Email, Competition, Growth, RNS, Order of precedence, Trustee, PRA, Relevant, SAME, Article, Internet, FDI, Financial Services and Markets Act 2000, Telephone, OR, Documentation, AFRICA, Risk, Settlement, FCA, Uncertainty, Person, GBP, Security (finance), Property management, Auction, Financial adviser, Medical device, Bidding, NEW ZEALAND, Citigroup

The Bidder refers to the Condition Precedent set out in in Section 4.1.1 of the Offer Document, as amended by the announcement made on 29 September 2023, relating to the receipt of the Competition and FDI Approvals (the "Regulatory Clearance Condition").

Key Points: 
  • The Bidder refers to the Condition Precedent set out in in Section 4.1.1 of the Offer Document, as amended by the announcement made on 29 September 2023, relating to the receipt of the Competition and FDI Approvals (the "Regulatory Clearance Condition").
  • The Bidder confirms that all Relevant Competition Authorities and that all Relevant FDI Authorities have provided the requisite clearance for the settlement of the Offer and that the Regulatory Clearance Condition is satisfied.
  • Assuming the satisfaction (or waiver by the Bidder) of all Conditions Precedent by such date, Settlement is expected to begin by no later than on or around 13 December 2023.
  • Capitalised terms in this announcement, unless otherwise defined, have the same meanings as set out in the Offer Document.

Update on Cost Reduction Plan and Completion of the Firm Placing

Retrieved on: 
Tuesday, December 5, 2023
European Union (Withdrawal) Act 2018, Automation, ANY, Metrobank, Element, Bank Holding Company Act, LSE, IT, OR, London Stock Exchange Group, FCA, Growth, Official List, Financial Conduct Authority, AFRICA, Environment, Cryptocurrency, Bank, Security (finance), EU

After further evaluation of the cost base, Metro Bank has now identified potential cost savings of up to £50 million per year.

Key Points: 
  • After further evaluation of the cost base, Metro Bank has now identified potential cost savings of up to £50 million per year.
  • The cost reduction plan will support Metro Bank in taking advantage of this opportunity.
  • The £150 million of new equity was structured as a firm placing of 500,000,000 new ordinary shares at an issue price of 30 pence per new ordinary share (the “Firm Placing”).
  • On 27 November 2023, the Company announced the passing of the shareholder resolutions necessary to approve the Firm Placing.

Notice of Written Resolution

Retrieved on: 
Tuesday, November 7, 2023
ACT, INDEPENDENT, TAX, Disclosure, AFRICA, Trust deed, BANK, Settlement date, ANY, BY, FINANCIAL, NOT, Metrobank, AND, SELL, Trustee, Protected trust deed, THIS, Table (information), ACTION, YOU, AN, Financial adviser, Security (finance), Issuer, Note

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:

Lead Investor Steven Freidmutter Joins IQPay's Advisory Board

Retrieved on: 
Tuesday, October 31, 2023
VC, Cape Town Tigers, Sport, AFRICA, Partnership, Life

JOHANNESBURG, SOUTH AFRICA, Oct 31, 2023 - (ACN Newswire) - IQPay an innovative force in the fintech landscape, is elated to announce that Steven Freidmutter has officially joined its advisory board.

Key Points: 
  • JOHANNESBURG, SOUTH AFRICA, Oct 31, 2023 - (ACN Newswire) - IQPay an innovative force in the fintech landscape, is elated to announce that Steven Freidmutter has officially joined its advisory board.
  • Adding to this significant appointment, Freidmutter is also stepping in as the lead investor for IQPay, marking a milestone in the company's journey.
  • Steven Freidmutter brings to IQPay an impressive track record of experience, presence and credibility.
  • His recent appointment as a partner and founding advisory board member of the Boston-based VC fund Erez Capital is a testament to his unwavering dedication to innovation and progress.

EQS-News: Bentley Endovascular Group AB brings on-board Keensight Capital, A.P. Moller Holding, and Bonit Capital as new investors

Retrieved on: 
Friday, October 27, 2023
IPO, KOREA, Catheter, Medtech, AFRICA, Health, Moyamoya disease, OR, Dilation, Growth, Marketing, Cardiology, AMERICA, Stent, Delphi, Security (finance), Financial services, Management, Cryptocurrency, Automotive industry, NEW ZEALAND

Bentley Endovascular Group AB brings on-board Keensight Capital,

Key Points: 
  • Bentley Endovascular Group AB brings on-board Keensight Capital,
    Keensight Capital (“Keensight”) invests in Bentley Endovascular Group AB (“Bentley” or “the Group”) alongside A.P.
  • The founders and management retain control and still hold the majority of the capital and the votes in the Swedish holding company Bentley Endovascular Group AB.
  • Headquartered in Stockholm, Sweden, Bentley Endovascular Group AB controls its key subsidiary Bentley InnoMed GmbH and Qmedics AG.
  • Bentley Endovascular Group AB: Stent production at the major site in Hechingen, Germany
    Bentley Endovascular Group AB: Major production site at Hechingen, Germany

Inside Information: Announcement of the Results of Placing, the Issue Price and registration of Placing Shares with the Trade Register

Retrieved on: 
Friday, October 27, 2023
Finnish Trade Register, AIM, Nasdaq First North, Treasury, Issue, AFRICA, IPF, Clinical trial, Carnegie Investment Bank, EUR, Book building, Acme, Nasdaq Helsinki, Place, Cryptocurrency, Security (finance), Pharmaceutical industry, Fårö

The Placing comprises of the issuance of 2,491,998 Placing Shares to Faron itself without consideration, which have today been registered in the Finnish Trade Register, and subsequent conveyance of these Placing Shares, to investors at the Issue Price of EUR 2.85 per Placing Share.

Key Points: 
  • The Placing comprises of the issuance of 2,491,998 Placing Shares to Faron itself without consideration, which have today been registered in the Finnish Trade Register, and subsequent conveyance of these Placing Shares, to investors at the Issue Price of EUR 2.85 per Placing Share.
  • The payment and settlement (delivery against payment of the Issue Price in full) of the Placing Shares is expected to be completed on or about 31 October 2023.
  • The Placing Shares conveyed to investors amount to approximately 3.8% of the issued shares and votes in the Company, immediately prior to the Placing.
  • A total of 2,491,998 Placing Shares have been issued and registered in the Finnish Trade Register today on 27 October 2023.

GITEX catalyses global tech ecosystem expansion with momentous European launch in world's most dominant tech economy

Retrieved on: 
Wednesday, October 18, 2023
Science, Optimism, Africa Morocco Link, Patent, ESG, SumUp, State, AFRICA, PPP, GITEX, Research, Dubai World Trade Centre, Digital economy, Economy, Artificial intelligence, Blockchain, Trust, Growth, Politics, EUROPE, Ecosystem, Partnership, Telecommunications, VC, AI, DNA, Nightclub, Information technology, Tourism, Renewable energy, Video game, Cryptocurrency

DUBAI, UAE, Oct. 18, 2023 /PRNewswire/ -- GITEX GLOBAL, the world's largest tech show, kicked off its record edition this week in Dubai to a phenomenal international response over its first three days. Its huge scale in 2023 was amplified by the announcement that the mega tech and start-up event will launch in Europe, spearheading the international market expansion impetus of the global tech community.

Key Points: 
  • Its huge scale in 2023 was amplified by the announcement that the mega tech and start-up event will launch in Europe, spearheading the international market expansion impetus of the global tech community.
  • GITEX EUROPE is the second overseas venture for the powerhouse GITEX brand, following the historic debut of GITEX AFRICA Morocco in May 2023, independently rated as the world's best tech event launch.
  • This is a continuous momentum that started with GITEX AFRICA and we're hoping to make GITEX Europe the most successful tech event in the continent."
  • "GITEX EUROPE is an important expansion of our portfolio and addition to our other tech trade fairs," added Tobias.

GITEX catalyses global tech ecosystem expansion with momentous European launch in world's most dominant tech economy

Retrieved on: 
Wednesday, October 18, 2023
Science, Optimism, Africa Morocco Link, Patent, ESG, SumUp, State, AFRICA, PPP, GITEX, Research, Dubai World Trade Centre, Digital economy, Economy, Artificial intelligence, Blockchain, Trust, Growth, Politics, EUROPE, Ecosystem, Partnership, Telecommunications, VC, AI, DNA, Nightclub, Information technology, Tourism, Renewable energy, Video game, Cryptocurrency

DUBAI, UAE, Oct. 18, 2023 /PRNewswire/ -- GITEX GLOBAL, the world's largest tech show, kicked off its record edition this week in Dubai to a phenomenal international response over its first three days. Its huge scale in 2023 was amplified by the announcement that the mega tech and start-up event will launch in Europe, spearheading the international market expansion impetus of the global tech community.

Key Points: 
  • Its huge scale in 2023 was amplified by the announcement that the mega tech and start-up event will launch in Europe, spearheading the international market expansion impetus of the global tech community.
  • GITEX EUROPE is the second overseas venture for the powerhouse GITEX brand, following the historic debut of GITEX AFRICA Morocco in May 2023, independently rated as the world's best tech event launch.
  • This is a continuous momentum that started with GITEX AFRICA and we're hoping to make GITEX Europe the most successful tech event in the continent."
  • "GITEX EUROPE is an important expansion of our portfolio and addition to our other tech trade fairs," added Tobias.

Crayfish BidCo has agreed conditional purchases of further Caverion shares which will, after FCCA approval, fulfill acceptance condition under tender offer; update on FCCA process

Retrieved on: 
Wednesday, October 18, 2023
BY, Finnish Financial Supervisory Authority, Tender offer, Tender, FOR, II, Consumer, Treasury, AFRICA, Varma Mutual Pension Insurance Company, NOT, Finnish Competition and Consumer Authority, Offer and acceptance, FCCA, Cryptocurrency, Security (finance), Pharmaceutical industry, Triton, Caverion

HELSINKI, Oct. 18, 2023 /PRNewswire/ -- Crayfish BidCo Oy has today published the following information through a stock exchange release:

Key Points: 
  • Together with the Offeror's current shareholding, the Shares to be acquired under the Conditional Share Purchases represent approximately 67.77 percent of all outstanding shares (excluding treasury shares) in Caverion, which exceeds the minimum acceptance condition of more than two-thirds (2/3) of all Shares under the Tender Offer.
  • Once the Divestment Commitment has been fulfilled, all regulatory approvals necessary for the completion of the Tender Offer will have been obtained.
  • At the same time, we have successfully concluded the FCCA's phase II investigation and received conditional merger control clearance for our tender offer in Finland.
  • The Offeror currently expects that the supplement to the Tender Offer Document will be published during October 2023.