VTB

CAPREIT Announces Strategic Capital Recycling in Ottawa

Retrieved on: 
Monday, February 27, 2023
CAPREIT, Vendor, TSX, Acquisition, Trust, VTB, Bank

TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of an on-strategy, newly-built property located in a major suburb of Ottawa.

Key Points: 
  • TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of an on-strategy, newly-built property located in a major suburb of Ottawa.
  • The amenity-rich property, which contains 143 residential suites that are approximately 95% occupied, is located in close proximity to another newly-built property that CAPREIT purchased in 2022, providing economies of scale.
  • CAPREIT acquired the high-quality asset for a purchase price of $61 million (excluding transaction costs), which was satisfied by the following sources of capital: $16 million in cash, $42 million from the assumption of an existing mortgage, and $3 million from a Vendor Take-Back (“VTB”) loan.
  • The mortgage being assumed carries contractual interest of 3.25% per annum for a remaining ten-year term to maturity.

Beedie Investments Limited Enters into a Convertible Loan Facility with Playmaker Capital Inc.

Retrieved on: 
Tuesday, July 12, 2022
TSX Venture Exchange, OTC Bulletin Board, Sale, VTB, Human, Acquisition, Conversion, Credit agreements in South Africa, Bank, News, SEDAR, Company, Indian stock exchange, Loan, Home Bank of Canada, Credit, VWAP, Time, Board, Term Asset-Backed Securities Loan Facility, Security (finance), Beedi, Playmaker

Vancouver, British Columbia--(Newsfile Corp. - July 12, 2022) - Beedie Investments Limited (the "Beedie") has entered into a credit agreement dated July 11, 2022 (the "Credit Agreement") with Playmaker Capital Inc. ("Playmaker") pursuant to which Beedie has agreed to loan up to US$20 million (the "Loan Facility") to Playmaker.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - July 12, 2022) - Beedie Investments Limited (the "Beedie") has entered into a credit agreement dated July 11, 2022 (the "Credit Agreement") with Playmaker Capital Inc. ("Playmaker") pursuant to which Beedie has agreed to loan up to US$20 million (the "Loan Facility") to Playmaker.
  • In addition, the Loan Facility includes a commitment fee of 1.5% on the total amount of the Loan Facility.
  • While Beedie has at least $10 million in capital invested in Playmaker, Beedie will be entitled to have an observer on the board of directors of Playmaker (the "Board").
  • All of the securities held by Beedie in Playmaker, including the Common Shares and the Credit Agreement, are being held for investment purposes.

Emerging Markets Horizon Corp. Announces Receipt of Notice from Nasdaq Regarding Late Form 10-Q Filing

Retrieved on: 
Wednesday, May 25, 2022
Listing Rules, Notice, Form, Company, Commonwealth, U.S. Securities and Exchange Commission, Central and Eastern Europe, Mission statement, Form 10-K, Review, Prospectus, Forward-looking statement, Compliance, Central, Calendar, VTB, Acquisition, SEC, The Company, Security (finance), Risk, Annual report, Nasdaq

The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.

Key Points: 
  • The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.
  • The Notice stated that the Company has until June 20, 2022 to submit a plan to regain compliance with the Rule.
  • The Notice has no immediate effect on the listing of the Company's securities on Nasdaq.
  • The Company is working diligently to address these issues and file its Form 10-K and Form 10-Q as soon as practicable.

Emerging Markets Horizon Corp. Announces Changes to Board and Management and Receipt of Notice from Nasdaq Regarding Late Form 10-K Filing

Retrieved on: 
Thursday, April 21, 2022
Board, LLP, Notice, U.S. Securities and Exchange Commission, Sustainability Accounting Standards Board, Security (finance), Commonwealth, Listing Rules, Annual report, Calendar, Compliance, VTB, Polymetal International, Risk, Sponsor, Form 10-K, Mission statement, Central, The Company, Prospectus, Director, Company, Form, Central and Eastern Europe, SEC, Forward-looking statement, Acquisition, Polymetal, Management, Nasdaq

Concurrently with his resignation, Mr. Orcel and EM Horizon Investments, the Company's sponsor (the "Sponsor"), agreed to suspend indefinitely Mr. Orcel's voting and management rights in the Sponsor.

Key Points: 
  • Concurrently with his resignation, Mr. Orcel and EM Horizon Investments, the Company's sponsor (the "Sponsor"), agreed to suspend indefinitely Mr. Orcel's voting and management rights in the Sponsor.
  • Jonathan Neill is Chairman and Chief Investment Officer of FPP Asset Management LLP, an affiliate of the Sponsor.
  • The Company is working diligently to address these issues and file its Form 10-K as soon as practicable.
  • The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

VEON CEO letter to investors and partners

Retrieved on: 
Tuesday, March 15, 2022
S&P, VTB Bank, HQ, Technology, LetterOne, Board of directors, Weather, VTB, United Kingdom, Euronext, VEON, Digital Production Partnership, Forward-looking statement, Safety, NASDAQ, Person, USD, Euronext Amsterdam, Council, Board, Digital, Union, Population, STOXX Europe 600, Sound, Public relations, Bank, Sales, Fitch

AMSTERDAM, March 15, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today, given the recent market volatility, provided our investors and partners with an update on our business setting out how we are successfully navigating through the current turbulence.

Key Points: 
  • AMSTERDAM, March 15, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today, given the recent market volatility, provided our investors and partners with an update on our business setting out how we are successfully navigating through the current turbulence.
  • Following this payment to VTB, VEON has no further loans outstanding with VTB.
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.
  • VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services.For more information visit: www.veon.com

Windward Launches "Russia" Sanctions Compliance Solution to Allow Users to Trade with Confidence

Retrieved on: 
Monday, March 14, 2022
Safety, Government, Predictive analytics, Machine learning, AI, ESG, VTB, Sberbank of Russia, Policy, Russian Maritime Register of Shipping, London Stock Exchange, Amber, Amy Daniels, London, LSE, Organization, CEO, Cryptocurrency, Rail freight transport, Shipbuilding, Sovcomflot, Windward and leeward

The solution will allow Windward users to minimize risk exposure in maritime trade as it relates to ongoing sanctions against Russia.

Key Points: 
  • The solution will allow Windward users to minimize risk exposure in maritime trade as it relates to ongoing sanctions against Russia.
  • In response to the recent Russian invasion into Ukraine, heavy economic sanctions were imposed days prior to the invasion and have since escalated rapidly.
  • "Windward is committed to providing our customers with the utmost visibility during these turbulent times," said Ami Daniel, Co-Founder & CEO of Windward.
  • Windward offers a much-needed level of certainty and confidence to entities' that have been impacted by the conflict.

Windward Launches "Russia" Sanctions Compliance Solution to Allow Users to Trade with Confidence

Retrieved on: 
Monday, March 14, 2022
Safety, Government, Predictive analytics, Machine learning, AI, ESG, VTB, Sberbank of Russia, Policy, Russian Maritime Register of Shipping, London Stock Exchange, Amber, Amy Daniels, London, LSE, Organization, CEO, Cryptocurrency, Rail freight transport, Shipbuilding, Sovcomflot, Windward and leeward

LONDON, March 14, 2022 /PRNewswire/ -- Windward (LSE: WNWD), the Predictive Intelligence company applying AI to transform global maritime trade, announced today the launch of the "Russia" sanctions solution as a part of Windward's Maritime AI platform. The solution will allow Windward users to minimize risk exposure in maritime trade as it relates to ongoing sanctions against Russia.

Key Points: 
  • The solution will allow Windward users to minimize risk exposure in maritime trade as it relates to ongoing sanctions against Russia.
  • In response to the recent Russian invasion into Ukraine, heavy economic sanctions were imposed days prior to the invasion and have since escalated rapidly.
  • "Windward is committed to providing our customers with the utmost visibility during these turbulent times," said Ami Daniel, Co-Founder & CEO of Windward.
  • Windward offers a much-needed level of certainty and confidence to entities' that have been impacted by the conflict.

VEON concludes repayment of VTB Bank loan

Retrieved on: 
Friday, March 11, 2022
NASDAQ, VTB Bank, VEON, VTB, PJSC, Compliance, Forward-looking statement, Euronext Amsterdam, Security (finance)

AMSTERDAM, March 11, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announces that its subsidiary has prepaid its RUB 30 billion (approximately USD 259 million1) interest-bearing loan with VTB Bank (PJSC) ("VTB") in accordance with its terms, and the facility has been cancelled.

Key Points: 
  • AMSTERDAM, March 11, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announces that its subsidiary has prepaid its RUB 30 billion (approximately USD 259 million1) interest-bearing loan with VTB Bank (PJSC) ("VTB") in accordance with its terms, and the facility has been cancelled.
  • Following this payment to VTB, the VEON Group has no further loans outstanding with VTB.
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.
  • VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services.For more information visit: www.veon.com

TIS Shares Best Practices and Enables Compliance Capabilities for Customers Impacted by Russian Sanctions

Retrieved on: 
Tuesday, March 1, 2022
NATO, Central bank, United Nations, Heart, Organization, OFAC, Compliance, American, TIS, SWIFT, CEO, Environment, Software as a service, First Nations in Ontario, GLOBE, Cryptocurrency, Sales, VTB, Sberbank of Russia

While the sanctions list is evolving, businesses and individuals are also restricted from transacting with prominent Russian leaders and oligarchs, many of whom have had their foreign assets frozen.

Key Points: 
  • While the sanctions list is evolving, businesses and individuals are also restricted from transacting with prominent Russian leaders and oligarchs, many of whom have had their foreign assets frozen.
  • Through TIS Sanction Screening , TIS aims to support its customers through this uncertain and complex time by offering Sanction Screening for free to its customers through Q2 2022.
  • Customers have been encouraged to contact TIS with any questions or concerns regarding compliance implications, or in case of specific failed transactions.
  • TIS is reimagining the world of enterprise payments through a cloud-based platform uniquely designed to help global organizations optimize outbound payments.

Statement from Emerging Markets Horizon Corp. on Recent Sanctions Against VTB

Retrieved on: 
Wednesday, March 2, 2022
VTB, Forward-looking statement, Central and Eastern Europe, VTB Bank, Commonwealth, SEC, Company, Acquisition, The Company, Risk, VTB Capital, Prospectus, Central, Security (finance)

These sanctions included blocking sanctions against VTB Bank PJSC and certain of its subsidiaries (collectively, "VTB").

Key Points: 
  • These sanctions included blocking sanctions against VTB Bank PJSC and certain of its subsidiaries (collectively, "VTB").
  • As a result, all entities that are owned 50 percent or more, directly or indirectly, by VTB are also subject to blocking.
  • VTB is also the subject of sanctions imposed by other jurisdictions.
  • VTB is the indirect parent of Nevsky Properties Limited, a member of and 25 percent interest holder in EM Horizon Investments, the sponsor of Emerging Markets Horizon Corp. (the "Company").