NewzIntel.com

Category: Business

  • MIL-OSI: Southern Michigan Bancorp, Inc. Declares Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    COLDWATER, Mich., Sept. 25, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.15 per share on the outstanding shares of the corporation’s stock. The dividend is payable on October 18, 2024, to shareholders of record October 9, 2024. The annualized cash dividend of $0.60 per share represents a 3.47% dividend yield based on the current market price of $17.29 per share.

    Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 17 offices within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties providing a broad range of consumer, business, and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com.

    This press release contains forward-looking statements that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and Southern Michigan Bancorp, Inc. Although we currently expect to continue to pay a quarterly cash dividend, each future dividend will be considered and declared by the board of directors in its discretion. Whether the board of directors continues to declare dividends depends on a number of factors, including our future financial condition and profitability. Forward-looking statements are based upon current beliefs and expectations and involve substantial risks, uncertainties, and assumptions (“risk factors”), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. We undertake no obligation to update or revise our forward-looking statements to reflect developments that occur, or information obtained after the date of this report.

    The MIL Network –

  • MIL-OSI: AGF Management Limited Declares Third Quarter 2024 Dividend

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) — On September 24, 2024, the Board of Directors of AGF Management Limited (TSX:AGF.B) declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on October 17, 2024 to shareholders of record on October 10, 2024.

    ABOUT AGF MANAGEMENT LIMITED

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With nearly $50 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    AGF Management Limited shareholders, analysts and media, please contact:

    Ken Tsang
    Chief Financial Officer
    416-865-4338, InvestorRelations@agf.com

    The MIL Network –

  • MIL-OSI: Purpose Investments Inc. Announces Final September 2024 Distribution Rate for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today the final September 2024 distribution rates for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund.

    Due to the recent interest rate cut by the Federal Reserve, the distribution levels for our US cash funds have been proportionately reduced to align with this adjustment.

    The following table reflects the final distribution amounts for the month of September. Ex-distribution date is September 26, 2024.

    Open-End Fund Ticker Symbol Final distribution per unit Record Date Payable Date Distribution Frequency
    Purpose USD Cash Management Fund – ETF Units MNU.U US $ 0.4091 09/26/2024 10/02/2024 Monthly
    Purpose Cash Management Fund – ETF Units MNY $ 0.3587 09/26/2024 10/02/2024 Monthly
    Purpose High Interest Savings Fund – ETF Units PSA $ 0.1670 09/26/2024 10/02/2024 Monthly
    Purpose US Cash Fund – ETF Units PSU.U US $ 0.4052 09/26/2024 10/02/2024 Monthly


    About Purpose Investments Inc.

    Purpose Investments Inc. is an asset management company with more than $20 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Hampton Financial Corporation Announces the Appointment of New CEO of its Oxygen Working Capital Subsidiary

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) is pleased to announce the appointment of John Levac, as CEO of Oxygen Working Capital Corp. (“Oxygen”), a wholly owned subsidiary of Hampton.

    “As we continue to develop and expand the scale of our newly acquired factoring business, Oxygen Working Capital Corp., we are delighted to welcome John Levac as CEO of Oxygen. John brings decades of experience in asset-backed and securitized lending to the company, having worked previously with major players in this space such as Wells Fargo & RBC. He also brings along numerous industry, lender and borrower relationships and we are pleased to have him join the team,” said Hampton Executive Chairman & CEO, Peter Deeb.

    “I am delighted to announce my appointment as CEO of Oxygen Working Capital, joining their Toronto based team. Oxygen consists of a highly diversified team of financial experts. As their growth potential across North America as an established and growing alternative lender is very exciting, the future looks bright. Under this new role, I look forward to connecting with many of my industry colleagues and developing new relationships with those whom I have not had the privilege of meeting yet, to enhance Oxygen’s capabilities and further diversify their relationship base,” stated John Levac.

    Hampton acquired Oxygen in early 2024 and has worked to integrate Oxygen’s factoring business into the Hampton platform while expanding Oxygen’s lending portfolio.

    About Oxygen Working Capital

    Oxygen, founded in 2017, is a specialized Canadian based lender focused on the commercial factoring business with clients across Canada, and with prospects for expanded reach and continued growth across broader North America. Oxygen provides entrepreneurs with short term financing solutions via immediate upfront capital by factoring their invoices and receivables, allowing businesses to meet their immediate working capital needs. Acquired in 2024, Oxygen is a wholly owned subsidiary of Hampton.

    About Hampton Financial Corporation

    Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. In addition to Oxygen, through its Investment Dealer subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by CIRO (Formally IIROC) and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad. The Company is also exploring opportunities to diversify its sources of revenue by way of strategic investments and acquisitions in both complimentary business and non-core sectors that can leverage the expertise of its Board and the diverse experience of its management team.

    For more information, please contact:

    Olga Juravlev
    Chief Financial Officer
    Hampton Financial Corporation
    (416) 862-8701

    Or

    Peter M. Deeb
    Executive Chairman & CEO
    Hampton Financial Corporation
    (416) 862-8651

    The TSXV has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

    No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States or to a U.S. person absent registration or pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.

    Forward-Looking Statements

    This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements“) within the meaning of applicable Canadian securities laws, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “should”, “hopeful”, “recovery”, “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors beyond the Company’s ability to predict or control which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein. Forward-looking statements are not a guarantee of future performance. Although the Company believes that any forward-looking statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such statements, there can be no assurance that any such forward-looking statements will prove to be accurate. Actual results may vary, and vary materially, from those expressed or implied by the forward-looking statements herein. Accordingly, readers are advised to rely on their own evaluation of the risks and uncertainties inherent in forward-looking statements herein and should not place undue reliance upon such forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Any forward-looking statements herein are made only as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

    The MIL Network –

  • MIL-OSI: Breeze Holdings Acquisition Corp. Announces Definitive Agreement to Merge with YD Biopharma Limited

    Source: GlobeNewswire (MIL-OSI)

    YD Biopharma is a Clinical-Stage Biopharmaceutical Company Focusing on Cancer Prevention Diagnostics and Seeking to Transform the Treatment of a Wide Spectrum of Diseases

    Pro Forma for the Transaction, Combined Company is Expected to Have an Estimated Enterprise Value of Nearly $700 Million

    The Proposed Merger is Expected to Close by Early 2025; After Closing, the Combined Company is Expected to be Listed on Nasdaq Capital Market

    YD Biopharma has Recently Obtained Patents, Technology, and U.S. Authorization for Core Methylation Detection of Pancreatic Cancer, Along with Entering into an Agreement to Acquire Licenses for Breast Cancer Detection Upon the Closing of the Merger

    IRVING, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) — Breeze Holdings Acquisition Corp. (OTCQX: BRZH, BRZHR, BRZHW) (“Breeze” or the “Company”), a publicly traded special purpose acquisition company, has entered into a definitive agreement to merge with YD Biopharma Limited (“YD Biopharma”), a clinical-stage biopharmaceutical company focusing on cancer prevention medical diagnostics and the development of exosome-based therapeutics with the potential to transform the treatment of a wide spectrum of diseases with high unmet medical need. Following the closing, the combined company is expected to be listed on the Nasdaq Capital Market.

    Using Technology to Detect Health Problems Early On
    YD Biopharma specializes in the biopharmaceutical business and serves as a supplier of drugs and medical materials for clinical trials. In 2015, YD Biopharma was appointed as a clinical testing drug supplier by Novartis and has since expanded its offerings to include development and supply of ancillary products post-launch. YD Biopharma’s mission is to create a cancer-free world through advancements in biotechnology.

    More recently, YD Biopharma obtained patent and technology authorization from 3D Global Biotech Inc. (“3D Biotech”) to pioneer the application of corneal mesenchymal stem cells and their exosomes for treating eye diseases. YD Biopharma has introduced new advanced drugs and treatments for conditions such as dry eye disease, glaucoma, and corneal repair. YD Biopharma aims to optimize the treatment market for eye diseases by distribution through pharmacies, optometrists, and other channels.

    Earlier this year, YD Biopharma obtained patents, technology and U.S. market authorization from EG Biomed Taiwan for core methylation detection of pancreatic cancer with high sensitivity, specificity and accuracy. This partnership has led to the establishment of an independent laboratory in the U.S. dedicated to pancreatic cancer early detection and monitoring technology that marks a significant expansion of YD Biopharma’s research and development capabilities to collaborate with hospitals, insurance companies and pharmaceutical companies to reach new patients.

    YD Biopharma has also recently negotiated related authorizations for breast cancer detection to further expand the Company’s product offerings. YD Biopharma is in the process of acquiring licenses from EG BioMed Taiwan for advanced breast cancer detection technology in the U.S., E.U., and Asia-Pacific that has high sensitivity, specificity and accuracy. The acquisition of the licenses for EG Biomed’s breast cancer detection technology in the U.S., E.U., and Asia-Pacific is expected to be consummated simultaneously with the closing of the merger with Breeze.

    Management Commentary
    Dr. Ethan Shen, the Founder, Chairman and CEO of YD Biopharma, has an extensive background in the pharmaceutical industry having worked at a well-known global pharmaceutical company. Inspired by his father’s struggle with cancer and subsequent passing, Dr. Shen is dedicated to eradicating cancer and helping people to avoid chronic and painful treatments through early detection.

    Dr. Shen stated the following regarding the proposed transaction, “I’m pleased to announce the next phase of our strategy as we embark on a public listing in the U.S. through the proposed business combination with Breeze. Since our founding in 2013, we’ve made significant strides in expanding our capabilities through organic innovation, licensing agreements, and notable strategic partnerships. We have a strategic roadmap in place for accelerated growth and a compelling story to tell in the U.S. market as we aim to deliver health problem detection at an earlier stage than ever before through minimal intervention.”

    J. Douglas Ramsey, Ph.D., Chairman and CEO of Breeze, commented, “From day one, it has been our mission at Breeze to find a company with innovative and disruptive technology that has the potential to deliver significant growth to our shareholders. We are highly optimistic about the proposed business combination with YD Biopharma, a company that we believe is a true outlier in the biotech industry with strong growth potential in a variety of healthcare markets. We are working closely with their team to expeditiously close the transaction by early 2025 and move forward with YD Biopharma as a publicly traded company in the U.S.”

    YD Biopharma Key Investment Highlights

    • Proven Capabilities Across a Broad Spectrum of Solutions: YD Biopharma has an extensive suite of solutions ranging from ophthalmology cellular drug development to pancreatic and breast cancer diagnostics to nutritional product sales.
    • Notable Strategic Partnerships, Offering Validation and Growth Potential: YD Biopharma is a clinical testing drug supplier for Novartis, a top five global pharmaceutical company, as well as having licensing partnerships with EG BioMed for pancreatic cancer detection and 3D Global Biotech to develop treatment for eye disorders.
    • Proprietary Technology Supported by Licensing Agreements and IP Portfolio: Multi-decade, exclusive licensing agreements and owned, patented technology provides YD Biopharma with significant competitive first-mover advantage in each of its clinical markets.
    • Large and Underserved Markets for Each Solution Showcase Untapped Growth Potential: Multi-billion-dollar global market sizes and high single digit CAGRs over the next decade provide significant growth potential for YD Biopharma’s solutions.
    • Strong Leadership Team with Deep Expertise in Biotech and Finance: YD Biopharma has a founder-led management team with experience in new drug development, medical-grade health product development, pharmacy channel development, and financial management and accounting.

    Transaction Overview
    Under the terms of the business combination agreement, Breeze and YD Biopharma will each merge into wholly-owned subsidiaries of a newly formed Cayman holding company expected to be named “YD Biopharma Holdings Limited” and is anticipated to be listed on the Nasdaq Capital Market.

    Assuming no redemptions, the combined company will have an estimated post-transaction enterprise value of $694 million, consisting of an estimated equity value of $715 million, $21.0 million in cash and no debt. Cash proceeds raised will consist of Breeze’s $10.1 million cash in trust (before redemptions and payment of any transaction expenses) and $15 million in anticipated new capital.

    YD Biopharma intends to use the proceeds from the transaction to expand production and continue development, approval and launch of new technologies.

    The transaction has been unanimously approved by the boards of directors of both YD Biopharma and Breeze. It is expected to close by early 2025, subject to regulatory and stockholder approvals, and other customary closing conditions. Additional information may be found in the Current Report on Form 8-K that was filed by Breeze Holdings today with the U.S. Securities and Exchange Commission.

    Upon completion of the transaction, YD Biopharma will continue to be led by Founder, Chairman, and CEO Dr. Ethan Shen. Wu Cheng-fend will serve as Chief Medical Officer, and May Tsai will serve as Chief Business Officer.

    Advisors
    ArentFox Schiff LLP and Ogier are acting as legal advisors to YD Biopharma. I-Bankers Securities, Inc. is acting as financial advisor to Breeze Holdings. Woolery & Co. PLLC is acting as legal advisor to Breeze Holdings.

    About YD Biopharma
    YD Biopharma Limited is a clinical-stage biopharmaceutical company focusing on cancer prevention medical diagnostics and the development of exosome-based therapeutics with the potential to transform the treatment of a wide spectrum of diseases with high unmet medical need. Through continuous effort and innovation, the Company has also become a recognized supplier of clinical trial drugs and has begun developing and supplying post-market auxiliary products.

    For more information, please visit www.yd-biopharma.com.

    About Breeze Holdings Acquisition Corp.
    Breeze Holdings is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combinations with one or more businesses or entities.

    Additional Information and Where to Find It
    This press release relates to a proposed business combination transaction involving Breeze Holdings and YD Biopharma. In connection with the proposed transaction, a newly-formed Cayman exempted company expected to be named “YD Biopharma Holdings Limited” (“YD Holdings”) intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 that will include a proxy statement of Breeze and that also will constitute a prospectus of YD Holdings with respect to the ordinary shares of YD Holdings to be issued in the proposed transaction (the “Proxy Statement/Prospectus”). This document is not a substitute for the Proxy Statement/Prospectus. The definitive Proxy Statement/Prospectus (if and when available) will be delivered to Breeze Holdings’ and YD Biopharma’s stockholders. Breeze Holdings may also file other relevant documents regarding the proposed transaction with the SEC. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF BREEZE HOLDINGS AND YD BIOPHARMA AND OTHER INTERESTED PARTIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, INCLUDING ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BREEZE HOLDINGS, YD HOLDINGS, YD BIOPHARMA, THE PROPOSED TRANSACTION AND RELATED MATTERS.

    Investors and security holders of Breeze Holdings and YD Biopharma may obtain free copies of the Registration Statement and Proxy Statement/Prospectus (if and when available) and other documents that are filed or will be filed with the SEC by Breeze Holdings through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Breeze Holdings will be available free of charge at Breeze Holdings Acquisition Corp., 955 W. John Carpenter Fwy., Suite 100-929, Irving, TX 75039, attention: J. Douglas Ramsey.

    Participants in the Solicitation
    Breeze Holdings, YD Biopharma and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Breeze Holdings and YD Biopharma in respect of the proposed transaction. Information about Breeze Holdings’ directors and executive officers and their ownership of Breeze Holdings common stock is set forth in Breeze Holdings’ filings with the SEC, including its Annual Report on Form 10-K/A for the year ended December 31, 2023 filed with the SEC on April 25, 2024 (the “Annual Report”). To the extent that holdings of Breeze Holdings’ securities have changed since the amounts included in the Annual Report, such changes have been or will be reflected on Statements of Change in Ownership of Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement/Prospectus and other relevant materials to be filed with the SEC in respect of the proposed transaction when they become available. You may obtain free copies of these documents as described in the preceding paragraph.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among other things, statements regarding the anticipated benefits and impact of the proposed transaction on the combined company’s business and future financial and operating results, the anticipated timing of closing of the proposed transaction, the anticipated growth of the industries and markets in which YD Biopharma competes, the success and customer acceptance of YD Biopharma’s product and service offerings and other aspects of YD Biopharma’s operations, plans, objectives, opportunities, expectations or operating results, the expected ownership structure of the combined company and the likelihood and ability of the parties to successfully consummate the proposed transaction. Words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “intend,” “estimated,” “target,” “project,” and similar phrases or words of similar meaning that denote future expectations or intent regarding the combined company’s financial results, operations and other matters are intended to identify forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Such forward-looking statements are based upon the current beliefs and expectations of management and are inherently subject to significant business, economic and competitive risks, uncertainties and other factors, both known and unknown, which are difficult to predict and generally beyond our control and that may cause actual results and the timing of future events to differ materially from the results and timing of future events anticipated by the forward-looking statements in this press release, including but not limited to: (i) the ability of the parties to complete the proposed transaction within the time frame anticipated or at all, which may adversely impact the price of Breeze Holdings’ securities; (ii) the failure to realize the anticipated benefits of the proposed transaction or those benefits taking longer than anticipated to be realized; (iii) the risk that the proposed transaction may not be completed by Breeze Holdings’ business combination deadline and the potential failure to obtain further extensions of the business combination deadline if sought by Breeze Holdings; (iv) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the definitive merger agreement by the stockholders of Breeze Holdings or YD Biopharma, the receipt of any required governmental or regulatory approvals or the failure to meet the Nasdaq listing standards in connection with the closing of the proposed transaction; (v) the lack of a third party valuation in determining whether or not to pursue the proposed transaction; (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive merger agreement; (vii) the impact of the COVID-19 pandemic or related governmental or regulatory orders ; (viii) the effect of the announcement or pendency of the proposed transaction on YD Biopharma’s business relationships, performance and business generally; (ix) risks that the proposed transaction disrupts current plans and operations of YD Biopharma and any potential difficulties in YD Biopharma employee retention as a result of the proposed transaction; (x) the outcome of any legal proceedings that may be instituted against YD Biopharma or Breeze Holdings related to the definitive merger agreement or the proposed transaction or any product liability or regulatory lawsuits or proceedings relating to YD Biopharma’s products or services; (xi) the ability to maintain the listing of YD Holdings’ securities on the Nasdaq Capital Market after the closing of the proposed transaction; (xii) potential volatility in the price of Breeze Holdings’ securities due to a variety of factors, including changes in the competitive and highly regulated industries in which YD Biopharma operates, variations in performance across competitors, changes in laws and regulations affecting YD Biopharma’s business, and changes in the combined company’s capital structure; (xiii) the ability to implement business plans, identify and realize additional opportunities and achieve forecasts and other expectations after the completion of the proposed transaction; (xiv) the risk of downturns and the possibility of rapid change in the highly competitive industries in which YD Biopharma operates or the markets that YD Biopharma targets; (xv) the inability of YD Biopharma and its current and future collaborators to successfully develop and commercialize YD Biopharma’s products and services in the expected time frame or at all; (xvi) the risk that the combined company may never achieve or sustain profitability or may need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; and (xvii) the costs of the proposed transaction. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties and factors, including those described in Breeze Holdings’ most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed or to be filed with the SEC by Breeze Holdings from time to time. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. The forward-looking statements included in this press release are made only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date hereof. Forecasts and estimates regarding YD Biopharma’s industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results.

    No Offer or Solicitation
    This press release is for informational purposes only and is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or to buy any securities or a solicitation of any proxy, consent, vote or approval with respect to any securities in respect of the proposed transaction and is not a substitute for the Proxy Statement/Prospectus or any other document that Breeze Holdings may file with the SEC or send to Breeze Holdings’ or YD Biopharma’s stockholders in connection with the proposed transaction. No offer, sale, issuance or transfer of securities shall be made in any jurisdiction in which such offer, sale, issuance or transfer would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    Contacts:

    YD Biopharma Limited
    Bob Chiu
    bobc95@udn-pharm.com

    Breeze Holdings Acquisition Corp.
    Investor Relations
    Cody Slach and Cody Cree
    Gateway Group

    (949) 574-3860
    BREZ@gateway-grp.com

    The MIL Network –

  • MIL-OSI Economics: BaFin warns consumers about the website coinaimex.net

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the website coinaimex.net. According to information available to BaFin, Coinaimex Ltd, London, United Kingdom, offers financial and investment services there without authorization.

    BaFin has warned consumers about several almost identical websites that have come to its attention recently. The homepage of each website begins with the following sentence: “Step Into the Trading Arena With Confidence & [name of website]”.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

  • MIL-OSI Global: Historic racism still negatively affects the way paintings of black people are perceived – as our study shows

    Source: The Conversation – UK – By Tobiasz Trawinski, Lecturer in psychology, Liverpool Hope University

    There is little doubt that historic racism has influenced the content and composition of several famous figurative paintings. In March 2024, this could be seen in the debate around the exhibition of the Rex Whistler mural, The Expedition in Pursuit of Rare Meats (1927), at the Tate Britain. Critics asked whether such artworks should remain on public display.

    There are several shocking elements of Rex Whistler’s mural, originally commissioned by the Tate as “decoration for the new refreshment room”, including the image of a black child chained to a horse and cart as it moves at speed. The debate raises the question – does the ongoing presence of artworks like this in public spaces serve to confront or maintain historic racist views?

    In some instances, the racist attitudes behind such paintings have been explicitly expressed by artists or painting owners, making them well-documented. Take, for example, John Trumbull (1715–1787), a painter who had several enslaved people living in his household. Another example is Gilbert Winter Moss (1828–1899), a banker who owned Richard Ansdell’s painting The Hunted Slaves (1861). According to the UCL Legacies of Slavery database, Moss’s family was deeply involved in the slave trade. In other cases, things aren’t so clear-cut.

    But even if not explicitly expressed, racist attitudes may have been implicitly held, to an extent that they were able to influence the creative process. Implicitly held racial attitudes are mental associations that, when triggered by race, can guide people’s judgment and actions. As a researcher in psychology, I wanted to explore if implicitly held racial attitudes affect the viewing of paintings when the images themselves make no suggestion of racial inequality.

    Alongside my colleagues, I have explored this question in a series of recent studies of portraits of black and white people. In one study, we used gaze-mapping technology to measure the eye movements made by visitors to the Walker Art Gallery in Liverpool.

    The measurement of when and where our eyes move, and how long they focus on specific objects, provides a time-sensitive index on what is important to viewers. We measured the eye movements of the visitors to the gallery who agreed to take part in our study as they looked at a set of five portraits of black sitters (including Two Jamaican Girls by Augustus John, 1937) and five portraits of white sitters (including Interior at Paddington by Lucian Freud, 1951).

    Their task was to say how much pleasure they experienced when looking at each painting. We also assessed the visitors to the gallery on their implicit racial attitudes and actual contact with different racial communities.

    Our results

    Our study showed that visitors to the gallery who reported little contact with black people and who held negative implicit racial attitudes reported experiencing little pleasure when viewing paintings showing black sitters.

    Perhaps more surprisingly, though they reported little pleasure, these visitors focused their attention more on the faces of the black sitters than others did. The results suggest that little contact with black people, combined with holding negative implicit racial attitudes, can be associated with an undue focus on black faces when viewing these paintings.

    We believe our findings suggest that negative implicit racial attitudes have not only influenced the historic content and composition of some paintings, but continue to exert an influence on the viewing of paintings in the present day. Moreover, the influence of negative implicit racial attitudes on the viewing of paintings exerts its effect even when the images themselves are quite neutral.

    Whether or not racist paintings are removed from public spaces, our results show that implicit racial attitudes will, for some viewers, continue to exert an influence on their perception of paintings representing black people and culture.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    Tobiasz Trawinski does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Historic racism still negatively affects the way paintings of black people are perceived – as our study shows – https://theconversation.com/historic-racism-still-negatively-affects-the-way-paintings-of-black-people-are-perceived-as-our-study-shows-227007

    MIL OSI – Global Reports –

  • MIL-OSI Economics: AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF THIRD QUARTER 2024 RESULTS AND CONFERENCE CALL

    Source: Agnico Eagle Mines

    Stock Symbol:  AEM (NYSE and TSX)

    TORONTO, Sept. 25, 2024 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company“) today announced that it will release its third quarter 2024 results on Wednesday, October 30, 2024, after normal trading hours.

    Third Quarter 2024 Results Conference Call and Webcast

    Agnico Eagle’s senior management will host a conference call on Thursday, October 31, 2024, at 11:00 AM (E.D.T.) to discuss the Company’s financial and operating results.

    Via Webcast:

    To listen to the live webcast of the conference call, you may register on the Company website at www.agnicoeagle.com, or directly via the link here.

    Via Phone:

    To join the conference call by phone, please dial 416.945.7677 or toll-free 1.888.699.1199 to be entered into the call by an operator. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.

    To join the conference call without operator assistance, you may register your phone number here 30 minutes prior to the scheduled start of the call to receive an instant automated call back.

    Replay Archive:

    Please dial 289.819.1450 or toll-free 1.888.660.6345, access code 80122#. The conference call replay will expire on November 30, 2024.

    The webcast, along with presentation slides, will be archived for 180 days on the Company’s website.

    About Agnico Eagle

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    View original content:https://www.prnewswire.com/news-releases/agnico-eagle-provides-notice-of-release-of-third-quarter-2024-results-and-conference-call-302258002.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics –

  • MIL-OSI Global: OpenAI’s Strawberry program is reportedly capable of reasoning. It might be able to deceive humans

    Source: The Conversation – UK – By Shweta Singh, Assistant Professor, Information Systems and Management, Warwick Business School, University of Warwick

    OpenAI, the company that made ChatGPT, has launched a new artificial intelligence (AI) system called Strawberry. It is designed not just to provide quick responses to questions, like ChatGPT, but to think or “reason”.

    This raises several major concerns. If Strawberry really is capable of some form of reasoning, could this AI system cheat and deceive humans?

    OpenAI can program the AI in ways that mitigate its ability to manipulate humans. But the company’s own evaluations rate it as a “medium risk” for its ability to assist experts in the “operational planning of reproducing a known biological threat” – in other words, a biological weapon. It was also rated as a medium risk for its ability to persuade humans to change their thinking.

    It remains to be seen how such a system might be used by those with bad intentions, such as con artists or hackers. Nevertheless, OpenAI’s evaluation states that medium-risk systems can be released for wider use – a position I believe is misguided.

    Strawberry is not one AI “model”, or program, but several – known collectively as o1. These models are intended to answer complex questions and solve intricate maths problems. They are also capable of writing computer code – to help you make your own website or app, for example.

    An apparent ability to reason might come as a surprise to some, since this is generally considered a precursor to judgment and decision making – something that has often seemed a distant goal for AI. So, on the surface at least, it would seem to move artificial intelligence a step closer to human-like intelligence.

    When things look too good to be true, there’s often a catch. Well, this set of new AI models is designed to maximise their goals. What does this mean in practice? To achieve its desired objective, the path or the strategy chosen by AI may not always necessarily be fair, or align with human values.

    True intentions

    For example, if you were to play chess against Strawberry, in theory, could its reasoning allow it to hack the scoring system rather than figure out the best strategies for winning the game?

    The AI might also be able to lie to humans about its true intentions and capabilities, which would pose a serious safety concern if it were to be deployed widely. For example, if the AI knew it was infected with malware, could it “choose” to conceal this fact in the knowledge that a human operator might opt to disable the whole system if they knew?

    Strawberry goes a step beyond the capabilities of AI chatbots.
    Robert Way / Shutterstock

    These would be classic examples of unethical AI behaviour, where cheating or deceiving is acceptable if it leads to a desired goal. It would also be quicker for the AI, as it wouldn’t have to waste any time figuring out the next best move. It may not necessarily be morally correct, however.

    This leads to a rather interesting yet worrying discussion. What level of reasoning is Strawberry capable of and what could its unintended consequences be? A powerful AI system that’s capable of cheating humans could pose serious ethical, legal and financial risks to us.

    Such risks become grave in critical situations, such as designing weapons of mass destruction. OpenAI rates its own Strawberry models as “medium risk” for their potential to assist scientists in developing chemical, biological, radiological and nuclear weapons.

    OpenAI says: “Our evaluations found that o1-preview and o1-mini can help experts with the operational planning of reproducing a known biological threat.” But it goes on to say that experts already have significant expertise in these areas, so the risk would be limited in practice. It adds: “The models do not enable non-experts to create biological threats, because creating such a threat requires hands-on laboratory skills that the models cannot replace.”

    Powers of persuasion

    OpenAI’s evaluation of Strawberry also investigated the risk that it could persuade humans to change their beliefs. The new o1 models were found to be more persuasive and more manipulative than ChatGPT.

    OpenAI also tested a mitigation system that was able to reduce the manipulative capabilities of the AI system. Overall, Strawberry was labelled a medium risk for “persuasion” in Open AI’s tests.

    Strawberry was rated low risk for its ability to operate autonomously and on cybersecurity.

    Open AI’s policy states that “medium risk” models can be released for wide use. In my view, this underestimates the threat. The deployment of such models could be catastrophic, especially if bad actors manipulate the technology for their own pursuits.

    This calls for strong checks and balances that will only be possible through AI regulation and legal frameworks, such as penalising incorrect risk assessments and the misuse of AI.

    The UK government stressed the need for “safety, security and robustness” in their 2023 AI white paper, but that’s not nearly enough. There is an urgent need to prioritise human safety and devise rigid scrutiny protocols for AI models such as Strawberry.

    Shweta Singh does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. OpenAI’s Strawberry program is reportedly capable of reasoning. It might be able to deceive humans – https://theconversation.com/openais-strawberry-program-is-reportedly-capable-of-reasoning-it-might-be-able-to-deceive-humans-239748

    MIL OSI – Global Reports –

  • MIL-OSI Banking: AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF THIRD QUARTER 2024 RESULTS AND CONFERENCE CALL

    Source: Agnico Eagle Mines

    Stock Symbol:  AEM (NYSE and TSX)

    TORONTO, Sept. 25, 2024 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company“) today announced that it will release its third quarter 2024 results on Wednesday, October 30, 2024, after normal trading hours.

    Third Quarter 2024 Results Conference Call and Webcast

    Agnico Eagle’s senior management will host a conference call on Thursday, October 31, 2024, at 11:00 AM (E.D.T.) to discuss the Company’s financial and operating results.

    Via Webcast:

    To listen to the live webcast of the conference call, you may register on the Company website at www.agnicoeagle.com, or directly via the link here.

    Via Phone:

    To join the conference call by phone, please dial 416.945.7677 or toll-free 1.888.699.1199 to be entered into the call by an operator. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.

    To join the conference call without operator assistance, you may register your phone number here 30 minutes prior to the scheduled start of the call to receive an instant automated call back.

    Replay Archive:

    Please dial 289.819.1450 or toll-free 1.888.660.6345, access code 80122#. The conference call replay will expire on November 30, 2024.

    The webcast, along with presentation slides, will be archived for 180 days on the Company’s website.

    About Agnico Eagle

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    View original content:https://www.prnewswire.com/news-releases/agnico-eagle-provides-notice-of-release-of-third-quarter-2024-results-and-conference-call-302258002.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Global Banks –

  • MIL-OSI Europe: AMERICA/HAITI – Father Massimo Miraglio: “With courage and determination, we continue our commitment so that people will one day have a decent standard of living”

    Source: Agenzia Fides – MIL OSI

    Wednesday, 25 September 2024

    MM

    by Antonella PrennaPourcine (Agenzia Fides) – “Although the international spotlight on Haiti has long since faded, newspapers and media no longer report on it, the situation has not changed or improved in any way”. This is what the Italian Camillian Father Massimo Miraglio complains to Fides about the reality he found upon his return to Haiti after a long forced break in Italy.”Despite the intervention of the UN units led by the Kenyan force, which arrived on the island on June 25 and which have been reinforced in recent days by additional soldiers from Jamaica and Belize, the situation is still disastrous. It can be said that the presence of these troops in Haiti is almost ineffective. They complain of a lack of material, fear of loss of life and restrictive rules of engagement”, says the missionary. “In fact, the capital, Port au Prince, remains in the hands of armed gangs that spread terror among the population. All activities remain almost paralyzed. The entrances to the south and north of the capital are completely blocked, with various groups demanding bribes from people who stop them on the way. But this only applies to public transport and trucks, which in many cases are confiscated instead of letting them through. The exit to Jeremie, 200 km south of the capital, is also closed; it is practically impossible to get there by land. In this sad situation for the majority of the Haitian population, the new school year begins on October 1,” explains Father Massimo, who has lived on the island for almost twenty years.”We cannot hide the fact that the start of the school year will be accompanied by great fears and many difficulties. Many children will not go to school and many schools will be closed, especially in Port-au-Prince, due to the presence of armed gangs. Many children will not be able to go to school because they do not have the money to buy the minimum school supplies. Consider that 80 percent of schools in Haiti are private and costs are rising every year, while families are plunged further into poverty,” the missionary says. In Jeremie – where the Camillians have a parish – the situation is also dramatic and many children are unlikely to be able to start the school year on time on October 1st. “Books, like all school materials, are prohibitively expensive and difficult to get from the capital. The same goes for uniforms and school bags for students. Finding a decent pair of shoes to send them to school has become very difficult and expensive. In short, it promises to be a very difficult school year for children in Haiti,” adds Father Miraglio.”In our parish in Pourcine, in the mountainous hinterland of Jeremie, 250 students will be enrolled in primary and kindergarten this year,” explains Father Massimo, who is the parish priest (see Fides, 28/9/2023). “We have managed to build two very simple small buildings out of local wood, tents and sheet metal, which will accommodate six elementary school classes and two kindergarten classes. With just as much effort, we have managed to complete the teaching staff. They are all very young and the only ones who are prepared to teach in such a distant place despite the prospect of a salary. This will be the second school year in which the school will open here in the Pic Makaya mountains.”Among the various projects that the missionaries want to implement on the Caribbean island, the Camillians’ top priority is the establishment of a medical clinic on site. “We would like to set up a small outpatient clinic in the parish to save the sick from having to travel long distances; our “Foyer Saint Camille” in Port au Prince is far away. In addition, this week we will organize a mobile clinic with a group of Cuban doctors and the support of a local organization, with which we can provide first aid to the sick in a mountain region and bring people from two neighboring valleys. This is also a difficult undertaking, because to reach the place where we want to set up the clinic, we need more than four hours on foot and the same time to return to the paths along the slopes, which are very dangerous, especially in this rainy season.”“Following the charism of our founder, Saint Camillus, we want to work in this area with groups of chronically ill people, children with nutritional problems and the elderly who are often abandoned and alone in their homes. We hope to be able to set up an outpatient clinic by 2025, we are very grateful to the “Madian Orizzonti” organization of the Camillian Missionaries of Turin, who have supported us with great affection and we trust in the support of many other people who will meet us on our way,” stresses the missionary. “At the moment, unfortunately, the province is not free of problems due to the enormous difficulties in communication with the capital. It is very complicated to receive all kinds of goods from Port au Prince because Haiti is a country where everything is very centralized and everything comes from the capital. Recently, transport from the province to the capital, Jeremie, has also been difficult due to the rising prices of diesel and gasoline,” he reports.”In Pourcine Pic-Makaya, in our community, work is continuing on the aqueduct, we bring the water from the source to the center of the village. This is very important, not only because it shortens the distance between the source and the valley where most people live, but above all because it allows us to purify the water and avoid/limit the constant and frequent epidemics of cholera and intestinal diseases. In addition to the aqueduct, work to support agriculture is also continuing. We hope to create a coffee nursery in the coming months in the area that in the past provided some prosperity. But we do not give up hope and we continue to fight for better living conditions,” said Father Miraglio. “The aqueduct, the schools, the kindergarten, the mobile clinics, all these are important aspects to revive the hope of the population and ensure that their living conditions improve and prevent people from leaving these rural towns to concentrate in the metropolis or in the provincial towns that, like Jeremie, are already overcrowded and where there is no possibility of giving work and hope to these people who leave the countryside to come to the city. With courage and determination we continue our commitment alongside these rural populations, we try to support them in their faith, to accompany them so that one day they can have a decent standard of living,” he concludes. (Agenzia Fides, 25/9/2024)
    MM

    Share:

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: FS proceeds to UK from Spain (with photos)

    Source: Hong Kong Government special administrative region

         The Financial Secretary, Mr Paul Chan, continued his visit to Madrid, Spain, today (September 25, Madrid time).

         In the morning, he led a delegation of technology start-ups to attend an exchange session organised by the IESE Business School, in which the delegation’s start-ups met and connected with over 10 Spanish start-up entrepreneurs, representatives of venture capital funds, investors, and enterprises for business matching. The IESE is one of the top business schools in Europe and the world, and has close collaborations with several universities in Hong Kong, as well as with the Hong Kong Science and Technology Parks Corporation and Cyberport.

         Mr Chan introduced the new advantages and new opportunities in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, the policies and measures of the Hong Kong Special Administrative Region Government in promoting innovation and technology, along with the recent flourishing development of Hong Kong’s innovation and technology ecosystem. Representatives of start-ups and investors from both economies also introduced their businesses and development strategies, with a view to enhancing mutual knowledge and understanding, and opening up more opportunities for collaboration.

         Thereafter, Mr Chan met with the Dean of the IESE Business School, Professor Franz Heukamp, to exchange views on the business environments of Hong Kong and Spain, as well as promoting academic exchanges and co-operation between the two places. Mr Chan welcomed the IESE to further leverage Hong Kong’s international academic environment, as well as convenient connections with Mainland China and Asia, to deepen exchanges with various academic institutions and businesses in Hong Kong, promoting more bilateral co-operation in education, company executive training, and other business areas. 

         Mr Chan will leave Madrid this afternoon local time, and proceed to visit London, the United Kingdom.         

    MIL OSI Asia Pacific News –

  • MIL-OSI Translation: Confederation closes its Mastodon case

    MIL OSI Translation. Region: Italy –

    Source: Switzerland – Federal Chancellery

    Federal ChancelleryBern, 25.09.2024 – The Mastodon instance that the Federal Chancellery has been managing for the Federal Administration for a year will be closed. Its duration was limited to one year. The conditions for its continuation have not been met.The Federal Chancellery and the Federal Administration have been using social media for their communication for many years, in accordance with their statutory information mandate. To fulfill this mandate, they are constantly reviewing whether other platforms that have not yet been used would be suitable for their communication.In September 2023, the Conference of Intelligence Services (CSI) decided to launch a pilot experiment on the decentralized Mastodon platform. The Federal Chancellery therefore opened the «social.admin.ch» instance on which members of the Federal Council and the departments could manage their official accounts. The duration of the experiment was limited to one year.Mastodon has some of the characteristics for government-level communication. Thanks to its decentralized organization, the platform is not subject to the control of a single company or state censorship authorities. Its source code is publicly accessible, complies with data protection and is not controlled by algorithms. Few active usersA total of five accounts were operated by three departments on the «social.admin.ch» instance, and an additional account was operated by the Federal Chancellery for the entire Federal Council. The six accounts of the Confederation had around 3,500 followers. On platforms such as X or Instagram, the Federal Council and the Federal Administration have significantly more followers for the same number of accounts. In addition, the contributions from the Mastodon accounts of the Federal Council and the Administration had a rather low interaction rate (likes, shares, comments). And last but not least, the number of active users on Mastodon is once again decreasing worldwide. The CSI therefore believes that the conditions for a continuation of the pilot are not met. The Mastodon accounts of the Federal Council and the Federal Administration are closed from today, while the «social.admin.ch» instance will be closed at the end of the month.Address for enquiriesUrs BrudererHead of the Communications Section058 483 99 69urs.bruderer@bk.admin.chPublished byFederal Chancelleryhttps://www.bk.admin.ch/bk/it/home.html

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Africa: Africa Finance Corporation (AFC) Signs Concession Agreements with Governments of Angola and Zambia to advance Zambia Lobito Rail Project

    Source: Africa Press Organisation – English (2) – Report:

    NEW YORK, United States of America, September 25, 2024/APO Group/ —

    In a significant milestone for the Zambia Lobito Rail Project, Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the transformational railway project. The agreements, which were signed yesterday in a ceremonial signing hosted by U.S. Secretary of State Antony J. Blinken and the Biden Administration’s G-7 Partnership for Global Infrastructure and Investment (PGI) on the sidelines of the 79th session of the UN General Assembly (UNGA 79), paves the way for the Corporation to spearhead and complete the development of the railway.

    Last year, AFC was appointed lead developer on the Zambia Lobito rail project in collaboration with the United States Government, the European Union, the African Development Bank and the governments of Angola, the Democratic Republic of Congo and Zambia. The project involves the construction of approximately 800km greenfield rail line connecting the Benguela rail line in Luacano, Angola, to the existing Zambia Railways Line in Chingola, Zambia. Once completed, the trade corridor will facilitate the efficient movement of goods and promote investments in agriculture, health, digital infrastructure, mining, and electricity access along the corridor.

    Concurrent to signing the concession agreements, AFC also signed an agreement to receive US$ 2 million grant funding from the United States Trade and Development Agency (USTDA) (https://apo-opa.co/3zINnnM), towards completion of the environmental and social studies for the project. The grant, which marks the first time the Corporation will tap into USTDA funding, will facilitate comprehensive Environmental and Social Impact Assessments (ESIA) to ensure that the Zambia Lobito Rail Project aligns with international best practices and environmental standards.

    AFC will play the pivotal role of lead developer on the rail project which not only offers an efficient evacuation route for minerals and metals from the region but helps establish a trade corridor across Africa from the Port of Lobito on the coast of the Atlantic Ocean to the Port of Dar es Salam in Tanzania on the coast of the Indian Ocean, facilitating global and intra-African trade. The railway is expected to create economic benefit of approximately $3 billion across both countries, reduce emissions by approximately 300,000 tons per year and add over 1,250 jobs across construction and operations.

    The Honourable Minister of Transport for Angola Mr Ricardo Viegas d’Abreu noted, “We are pleased to partner with Africa Finance Corporation on this transformative project which will deepen our nation’s role as a regional logistics hub, boosting trade not only with Zambia but with the rest of the world.”

    Mr Frank Tayali MP, Honourable Minister of Transport for Zambia added, “The Zambia Lobito Rail Project is an important milestone in our efforts to modernise infrastructure, enhance the competitiveness of our economy, and improve the livelihoods of our people. We look forward to partnering with Africa Finance Corporation to deliver on this groundbreaking project.”

    “The Zambia Lobito Rail Project represents a game-changing development for the region, unlocking tremendous potential for trade, industrialisation, and socio-economic growth.,” said Samaila Zubairu, President & CEO of Africa Finance Corporation. “AFC is proud to partner with the governments of Angola and Zambia to deliver worldclass rail infrastructure, which will accelerate industrial development in Africa, promote regional integration and provide a vital export route for copper and other critical minerals for the global energy transition,” he added.

    The corridor will provide an alternative strategic route to international export markets for Zambia and DRC. It will offer the shortest route for export and imports, linking key mining regions, agricultural clusters and businesses in Zambia and DRC to the Port of Lobito. It will significantly facilitate the movement of cargo from the Copperbelt and Northwestern Provinces, through Angola to the Western markets.

    MIL OSI Africa –

  • MIL-OSI: PUBLICATION OF SUPPLEMENTARY PROSPECTUS

    Source: GlobeNewswire (MIL-OSI)

    Issuer LEI: 213800ZBKL9BHSL2K459

    OSB GROUP PLC

    (the “Company” or “Issuer”)

    The Company announces today that a supplementary prospectus dated 25 September 2024 to the base prospectus dated 14 May 2024 (the “Base Prospectus“), in relation to the establishment of its £3,000,000,000 Euro Medium Term Note Programme (the “EMTN Programme”) has been approved by the Financial Conduct Authority and is available for viewing.

    To view the full document, paste the following URL into the address bar of your browser:

    https://www.osb.co.uk/investors/debt-investors/emtn-programme/

    A copy of the supplementary prospectus will also be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    OSB GROUP PLC

    Alastair Pate                                                 
    Group Head of Investor Relations
    Email: osbrelations@osb.co.uk                                t: 01634 838 973

    Jens Bech
    Group Commercial Director                                    t: 01634 835 796

    Brunswick                                                                            
    Robin Wrench/Simone Selzer                                 t: 020 7404 5959 

    Notes to Editors

    About OSB GROUP PLC

    OneSavings Bank plc (OSB) began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. On 4 October 2019, OSB acquired Charter Court Financial Services Group plc and its subsidiary businesses. On 30 November 2020, OSB GROUP PLC became the listed entity and holding company for the OSB Group. The Group provides specialist lending and retail savings and is authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The Group reports under two segments, OneSavings Bank and Charter Court Financial Services.

    The MIL Network –

  • MIL-OSI: illumin to Participate in Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) — illumin Holdings Inc. (TSX:ILLM, OTCQB:ILLMF) (“illumin” or “Company”), a Journey Advertising technology company that empowers marketers to make smarter decisions about communicating with online consumers, today announced that Simon Cairns, Chief Executive Officer, and Elliot Muchnik, Chief Financial Officer, will participate in the following upcoming conferences.

    Wedbush Securities AdTech Conference

    Management will participate (virtually) in a fireside chart at the Wedbush Securities AdTech Conference on Thursday, October 10th at 12:15 pm ET, and will also host virtual investor meetings.

    TD Securities Technology Conference

    The Company will also participate in the TD Securities Technology Conference taking place in Toronto from November 25- 26th. Management will also host investor meetings on Tuesday, November 26th.

    For more information about the conferences or to schedule a one-on-one meeting with management, please contact your representatives at Wedbush Securities and TD Securities.

    About illumin:

    illumin is a journey advertising platform that enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. The Company’s mission is to illuminate the path for brands to connect with their customers through the power of data-driven advertising. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe.

    For further information, please contact.

      Steve Hosein  David Hanover
      Investor Relations Investor Relations – U.S.
      illumin Holdings Inc. KCSA Strategic Communications
      416-218-9888 x5313  212-896-1220
      investors@illumin.com dhanover@kcsa.com
         

    Disclaimer in regard to Forward-looking Statements

    Certain statements included herein constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

    The MIL Network –

  • MIL-OSI: FactSet’s GHG Emissions Commitment Validated by Science Based Targets Initiative

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., Sept. 25, 2024 (GLOBE NEWSWIRE) — FactSet, a global financial digital platform and enterprise solutions provider, today announced that the Science Based Targets initiative (SBTi) has validated its near-term, company-wide sustainability initiative to reduce greenhouse gas (GHG) emissions to combat the global climate crisis.

    This validation follows FactSet’s 2022 near-term emission reduction commitment, confirming the company’s goals have been reviewed by corporate climate experts and are inline and attainable according to SBTi’s guidelines. These goals include reducing scope 1, direct and owned company emissions; scope 2, indirect and off-site company emissions; and scope 3, indirect value chain emissions.

    FactSet’s commitment involves:

    • FactSet Research Systems Inc. commits to reduce absolute scope 1 and 2 GHG emissions by 45% by its 2030 fiscal year from its fiscal 2023 base year levels.
    • FactSet Research Systems Inc. commits to reduce absolute scope 3 GHG emissions by 25% by its 2030 fiscal year from its fiscal 2023 base year levels.

    As outlined in FactSet’s 2023 Sustainability Report, FactSet commits to measuring and disclosing its GHG emissions to drive business goals and reach a net zero future. As FactSet progresses towards its decarbonization targets, FactSet will be researching and implementing alternate strategies to adapt its operations to decrease its scope 1, 2, and 3 emissions.

    “At FactSet, we are committed to upholding the highest standards to achieve our sustainability goals,” said Bénédicte Godet Crochet, Chair of the Sustainability Committee at FactSet. “As we receive this validation from the Science Based Targets initiative, we continue to progress our efforts towards making a meaningful impact on our planet and community. This achievement marks a significant milestone in our sustainability journey, and we are proud to be a player in reaching a net-zero future.”

    This validation is in accordance with FactSet’s sustainability plan, which is reinforced by the company’s executive-sponsored Sustainability Committee, a group that supports and executes sustainability goals and initiatives, as well as previous pledges with the United Nations Global Compact (UNGC) and Principles for Responsible Investing (PRI).

    To learn more about FactSet’s sustainability program, please visit: https://www.factset.com/our-company/sustainability.

    About FactSet
    FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 216,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

    FactSet
    Investor Relations Contact:
    Ali van Nes
    +1.203.810.2273
    Avannes@factset.com

    Media Contact:
    Megan Kovach
    +1.512.736.2795
    megan.kovach@factset.com

    The MIL Network –

  • MIL-OSI: E Ink Announces Collaboration with Delvaux for Handbag Capsule at Paris Fashion Week Using E Ink Prism™ 3

    Source: GlobeNewswire (MIL-OSI)

    BILLERICA, Mass., Sept. 25, 2024 (GLOBE NEWSWIRE) — E Ink (8069.TW) the originator, pioneer, and global commercial leader in ePaper technology, today announced their collaboration with Delvaux at Paris Fashion Week. Delvaux’s Helios capsule showcases four designs using E Ink Prism 3 which merge traditional textiles with innovative technologies.

    Inspired by E Ink’s color-changing Prism film—dynamic electronic ink technology defined by its fully programable, reflective, and low power consumption—Delvaux imagined redefining what luxury can be. Over the past two years E Ink and Delvaux have worked closely together to push the boundaries of technology – ultimately creating a product that weaves material innovation and leather mastery together to create a completely unique and personalized experience.

    “Our Helios project unifies extreme tradition with extreme innovation. Once more, it’s the fruit of an encounter and truly collaborative work which started more than two years ago between E Ink’s and Delvaux’s teams,” said Jean-Marc Loubier, Delvaux’s CEO. “The start, in January 2022, is the discovery of E Ink’s innovative technology with new materials, light, and colours at CES in Las Vegas. Our project demonstrates the drive to mix this extraordinary tech with our leather mastery and create outstanding bags, for real, daily use. Commitment and collaboration pushed our two companies well beyond their comfort zones to reach a historic result.”

    “E Ink has explored how to integrate our films into textiles for a number of years,” said Tim O’Malley, Associate Vice President of E Ink’s US Business Unit. “In Delvaux we found a partner that had the vision to imagine new possibilities in how the two materials could work together harmoniously. The resulting designs highlight how innovative materials like E Ink Prism can be seamlessly woven into a traditional material, honoring both history and the future.”

    le Caprice and le Pin mark the first implementation of E Ink’s unique technology in any luxury maison. The two companies are working together to bring the collection to market.

    Founded in 1829, Delvaux has remained at the forefront of luxury leather goods for nearly two centuries because of its savoir-faire, uncompromising craftsmanship, and the outstanding quality of its creations. The visionary and pragmatic Brussels-based luggage maker foresaw the travel revolution approaching and filed its first world patent for a woman’s leather handbag in 1908 with ‘le Princesse’, becoming the inventor of the modern handbag.

    As a global leader in ePaper technology, E Ink is not only committed to delivering innovative technology via advanced manufacturing processes but is also prioritizing sustainability. The company is actively focused on reducing carbon emissions throughout the product design and manufacturing processes by conducting carbon footprint verification and providing customers with a sustainable framework for the design and integration of ePaper products.

    About E Ink

    E Ink Holdings Inc. (8069.TWO), based on technology from MIT’s Media Lab, provides an ideal display medium for applications spanning eReaders and eNotes, retail, home, hospital, transportation, logistics, and more, enabling customers to put displays in locations previously impossible. E Ink’s electrophoretic display products make it the worldwide leader for ePaper. Its low power displays enable customers to reach their sustainability goals, and E Ink has pledged using 100% renewable energy in 2030 and reaching net zero carbon emissions by 2040. E Ink has been recognized for their efforts by receiving, validation from Science-Based Targets (SBTi) and is listed in both the DJSI World and DJSI Emerging Indexes. Listed in Taiwan’s Taipei Exchange (TPEx) and the Luxembourg market, E Ink Holdings is now the world’s largest supplier of ePaper displays. For more information please visit www.eink.com. E Ink. We Make Surfaces Smart and Green.

    Contact:

    V2 Communications on behalf of E Ink

    eink@v2comms.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d50c2242-b107-44e4-a86d-63328d86f1ac

    The MIL Network –

  • MIL-OSI: Tactile Medical Announces Positive Clinical Trial Results in Lymphedema Patients Using Advanced Pneumatic Compression Device Therapy

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Sept. 25, 2024 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”; the “Company”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today announced the publication of a new clinical study in the Journal of Vascular Surgery, Venous and Lymphatic Disorders. This study assessed outcomes associated with use of the Company’s Flexitouch advanced pneumatic compression device (APCD) in Veterans with lower extremity lymphedema. Notably, this 52-week study represents the largest peer-reviewed, prospective, clinical trial investigating PCDs and lymphedema ever published in the United States.

    The prospective, longitudinal, pragmatic study publication, titled “Longitudinal assessment of health-related quality of life and clinical outcomes with at home advanced pneumatic compression treatment of lower extremity lymphedema”, was authored by Padberg et al. and included 179 Veterans across four participating VA medical centers. The primary outcome measures included disease-specific health-related quality of life (QoL) endpoints obtained at baseline and again at each of 12, 24, and 52 weeks. The secondary outcome measures assessed limb circumference, cellulitis events, skin quality, and therapy compliance over the course of 52 weeks. Among the patients included in the study, chronic venous insufficiency was the most common etiology of lymphedema (phlebolymphedema), presenting in approximately 63% of study participants. Further, mild lymphedema was the most common disease stage, presenting in 68% of patients.

    The secondary endpoint results demonstrated several statistically significant improvements, baseline to 52 weeks, with reductions in limb girth, cellulitis events, and skin hyperpigmentation. Among these results, the following were observed:

    • Limb girth decreased by 1.4 cm
    • Cellulitis events decreased from 21.4% to 6.1%
    • Skin hyperpigmentation decreased from 75% of patients to 40% 

    There were additional improvements also noted in compliance and limb girth reduction which included:

    • 92% patient compliance (defined as used for 5 to 7 days per week) with Flexitouch at 8 weeks and 72% patient compliance at 52 weeks
    • 74% patient compliance with compression garments at 52 weeks, compared to 64% at baseline
    • 6% limb girth reduction at 12 weeks in patients with moderate (stage 2) and severe (stage 3) lymphedema.

    “We sincerely thank the clinical researchers, patients, and VA Medical Centers for advancing peer-reviewed evidence that supports clinical and patient benefits of our Flexitouch therapy,” said Sheri Dodd, President and Chief Executive Officer of Tactile Medical. “Achieving these impressive study results, including outstanding compliance over a 1-year timeframe, validates the importance of APCD therapy outcomes and demonstrates a patient experience that supports strong adherence to therapy. We are proud to provide Veterans the at-home tools they need to improve their clinical symptoms and quality of life.”

    Full text of the study may be found online at: https://www.jvsvenous.org/article/S2213-333X(24)00208-7/fulltext.

    About Tactile Systems Technology, Inc. (DBA Tactile Medical)

    Tactile Medical is a leader in developing and marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. Tactile Medical collaborates with clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life for tens of thousands of patients each year.

    Investor Inquiries:
    Sam Bentzinger
    Gilmartin Group
    investorrelations@tactilemedical.com

    The MIL Network –

  • MIL-OSI: WTW expands Asia Client Division – CRB N.A. with new China Client Division Leader for North America

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the launch of a new China Client Division within Corporate Risk and Broking, North America (CRB NA), marking a significant milestone in the company’s strategy to expand its presence and broaden offerings focused on the Chinese market.

    The new China Client Division is part of the broader Asia Risk Division, established in December 2023, which encompasses country-specific teams for Japan, South Korea, India, and China. These particular groups were created to address the specific cultural and economic dynamics of each country, alongside their distinctive approaches to risk management in each market. All practice groups within the Asia Risk Division report to Christopher Condello, Head of the Asia Risk Division within CRB NA, who spearheads this strategic expansion and focuses on delivering innovative solutions tailored to the unique needs of Chinese clients.

    This new China client strategy includes the appointment of Jie Yan as China Client Division Leader, effective September 1, 2024. With more than a decade of industry experience, Yan brings a wealth of expertise and cultural understanding of the nuances specific to the Chinese market. She has consistently demonstrated exceptional leadership and robust market knowledge aligned with driving growth and cultivating deep client relationships, making her the ideal selection to lead this new division and execute the China strategy.

    Christopher Condello, Head of the Asia Desk, CRB NA, WTW, commented, “We are excited about the opportunities this new division presents and I am confident that, under Jie’s leadership, we will be able to deliver unparalleled support and service to our Chinese clients with operations in North America. Our focus is on building a market-specific team that can deliver tailored solutions for clients in this key market.”

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

    Media Contacts

    Douglas Menelly
    Douglas.Menelly@wtwco.com  +1 (516) 972 0380

    Arnelle Sullivan
    Arnelle.Sullivan@wtwco.com  +1 (718) 208-0474

    The MIL Network –

  • MIL-OSI: Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index Shows Originations Down 10% Y/Y, Improved Credit Performance

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Sept. 25, 2024 (GLOBE NEWSWIRE) — The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in August:

    • New business volume (NBV) was $9.2 billion, down 10% from August 2023.
    • Month over month, NBV was down 17% from $11.1 billion in July 2024.
    • Year to date, cumulative NBV was up 3.5% compared to 2023.

    Additional findings include:

    • Receivables over 30 days were 2.2%, down from 2.5% the previous month and down from 2.3% in the same period in 2023.
    • Charge-offs were 0.4%, down from 0.5% the previous month, and up from 0.3% year over year.
    • Credit approvals totaled 76%, unchanged from July.
    • Total headcount for equipment finance companies was up 1.2% year-over-year.

    Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index in September is 61.9, up from the August index of 58.4, and the highest level in more than two years.

    ELFA President and CEO Leigh Lytle said, “The Fed’s decision to begin lowering interest rates will support demand for equipment, even if some businesses wait for rates to fall further before investing. That wait-and-see approach showed up in our August MLFI as new business volumes declined. However, ELFA members expect acquisitions to pick up once we‘re past the election and interest rates fall a bit further. That sentiment was also reflected in our Foundation’s recent Monthly Confidence Index, which showed that equipment finance executives are very optimistic about their organizations’ prospects over the next four months. Finally, credit conditions remain healthy, which will allow lessors and financiers to service new demand when it shows up later this year.”

    Marci Slagle, CLFP, President, BankFinancial Equipment Finance, said, “It appears there is still a slight slowdown in the equipment finance industry, which was heavily weighted in the decrease in origination activity at banks, which led to a dip in new business volume. However, it’s reassuring to hear that portfolio quality is remaining stable, with improvements in receivables and a reduction in losses. What was not baked into these numbers was the Fed rate drop this month. This will help stimulate fourth quarter growth, for both independent lessors and banks. The anticipation of further rate reductions may indeed boost demand, encouraging businesses to invest in capital expenditures. It’s definitely a pivotal time for both independent lessors and banks as we navigate these changes, but I think we are going to start trending in the right direction.”

    About ELFA’s MLFI-25
    The MLFI-25 is the only near-real-time index that reflects capex, or the volume of commercial equipment financed in the U.S. It is released monthly from Washington, D.C., one day before the U.S. Department of Commerce’s durable goods report. This financial indicator complements reports like the Institute for Supply Management Index, providing a comprehensive view of productive assets in the U.S. economy—equipment produced, acquired and financed. The MLFI-25 consists of two years of business activity data from 25 participating companies. For more details, including methodology and participants, visit www.elfaonline.org/knowledge-hub/mlfi.

    About ELFA
    The Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA’s 575 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses’ success, U.S. economic growth, manufacturing and jobs at www.elfaonline.org.

    Follow ELFA:
    X: @ELFAonline
    LinkedIn: https://www.linkedin.com/groups/89692/

    Media/Press Contact: Amy Vogt, Vice President, Communications and Marketing, ELFA, avogt@elfaonline.org

    The MIL Network –

  • MIL-OSI: iHit Tech Makes Its Debut in the Southeast Asian Market, Exploring the Development Potential of Pure Quality Products with Local Vape Brands

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, Sept. 25, 2024 (GLOBE NEWSWIRE) — iHit Tech is excited to announce its first participation in the ANTYS New Tobacco Exhibition, representing a pivotal entry into the Southeast Asian market. This event offered a valuable opportunity for iHit Tech to connect with local brand representatives and explore the current dynamics of the Southeast Asian vape market, as well as the emerging trends for ceramic coil vaping products.

    At the exhibition, iHit Tech showcased a comprehensive range of atomization technology solutions, including the iHit Solo, iHit Dual, and iHit Pro. These innovative products collectively highlight several key advantages:

    1. Pure Atomization and Visibility: iHit solutions ensure a clean vaping experience while offering a transparent view of the atomization process, enhancing user engagement.

    2. High Burst and TPM Release: With exceptional burst capability and high Tokes Per Minute (TPM) delivery, iHit tech solutions elevate the quality of the vaping experience. Users can enjoy substantial vapor volume while savoring a richer aromatic profile.

    3. Optimal Balance of Atomization and E-liquid Supply: iHit Tech has achieved the perfect equilibrium between atomization speed and E-liquid supply, ensuring consistent performance and satisfaction.

    With these cutting-edge tech solutions, iHit Tech is at the forefront, collaborating with brand partners to deliver exceptional flavor and performance for vaping users.

    iHit Solo:
    – Type: Single Ceramic Coil Solution
    – Pod Capacity: 2-4 mL (Pod Kit) / 8-12 mL (Disposable)
    – Power Range: 5.5 – 11W
    – TPM: 7 – 13 mg/puff
    – Nicotine Delivery: Evenly released with every puff
    – Advantages: Fully atomized for excellent flavor reproduction, ensuring a satisfying vaping experience.

    iHit Dual:
    – Type: Double Ceramic Coil Solution
    – Pod Capacity: >10 mL (Pod Kit) / 10-15 mL (Disposable)
    – Power Range: 12 – 20W
    – TPM: 15 – 20 mg/puff
    – Nicotine Delivery: Double release for enhanced satisfaction
    – Advantages: High power burst capability with elevated TPM, providing a robust and flavorful vaping experience.

    iHit Pro:
    – Type: World’s Smallest Ceramic Coil with Twin-Mesh Heating Film Solution
    – Pod Capacity: 2 – 4 mL (Open Pod System)
    – Power Range: 13 – 18W
    – TPM: 13 mg/puff
    – Vapor Quality: Silky and pure vapor
    – Advantages: Features a single coil supporting two atomization modes: one shot at 13W and two shots at 18W, providing flexibility for users. Notably, the iHit Pro boasts a lifespan 3 times longer than traditional mesh cotton coils.

    As iHit Tech continues to explore opportunities in the Southeast Asian market, we are committed to collaborating with local partners to drive the development of high-quality products that meet the evolving needs of consumers.

    Hit Every Puff!

    iHit launched by SMISS as a healthcare-focused atomization technology brand. iHit and SMISS share the same vision: Leading the global intelligent atomization manufacturing and accelerate the world’s shift to healthy life.

    Contact:
    support@ihitglobal.com
    www.ihitglobal.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/307c25d4-3bae-42e7-995d-d14bb84cbc8e

    The MIL Network –

  • MIL-OSI: Heliene Closes $50M 45X Investment Tax Credit Transfer Sale, facilitated by Basis Climate

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN IRON, Minn., Sept. 25, 2024 (GLOBE NEWSWIRE) — Heliene Inc., a customer-first provider of North American-made solar PV modules, today announced the sale of approximately $50M Section 45X Advanced Manufacturing Production Tax Credit (45X credits). The transaction was facilitated by Basis Climate, a leading facilitator of clean energy tax credit transfers.

    Heliene is able to claim eligibility for these tax credits under the guidelines of the Inflation Reduction Act’s Section 45X credits. Heliene manufactures high-quality, U.S.-made solar modules that feature a high volume of domestically-sourced components at its existing factory in Mountain Iron, Minnesota. The company is now building a new module factory in the Minneapolis-St. Paul Metro-area, with a planned start up of May 2025.

    “Monetising our 45X tax credits through this sale is instrumental in continuing the growth of Heliene’s domestic manufacturing capacity,” said Martin Pochtaruk, CEO of Heliene, Inc. “This transaction provides long term sustainability, hence enabling us to expand our commitment to offering developers reliable, quality modules that feature the highest possible volume of domestic content. We’re grateful to the team at Basis Climate for facilitating this important deal. Together we’re building a stronger, bankable U.S. solar supply chain.”

    This deal is believed to be among the first within the solar manufacturing industry. Heliene will use funds from this sale to reduce debt and support ongoing efforts to expand its U.S. cell and module manufacturing footprint and grow its domestic, clean energy workforce.

    “Congrats to Heliene and Basis Climate for closing this transaction, which we believe is a testament to the strength of the Heliene business and the resiliency of the 45x manufacturing tax credit framework,” said Ethan Shoemaker, Partner and head of the Infrastructure Credit platform at OIC, who led an investment into Heliene in Spring 2023. “We continue to be impressed by Martin and his team, who are leading the charge for the domestic solar industry through consistent execution, innovation, and creativity.”

    “We are proud to have participated in this landmark deal for Heliene and the domestic solar industry more broadly. Basis supported Heliene in the sale of their 45X credits to a profitable domestic manufacturer. This was an all-American transaction,” noted Erik Underwood, Basis Climate’s CEO. He continued, “we used visual language models to help review thousands of supporting documents to substantiate these tax credits. We look forward to applying learnings to many more deals to come.”

    This tax credit transfer sale follows several months of strategic dealflow completed by Heliene, which is focused on bolstering its domestic manufacturing footprint and shoring up the U.S. solar supply chain. This included a strategic sourcing agreement with cell manufacturer Suniva, a partnership and multi-year contract with Norsun for the supply of U.S.-made wafers, and a joint venture with Premier Energies to jointly build a U.S.-based solar cell manufacturing facility.

    About Heliene

    Heliene is one of North America’s fastest-growing domestic module manufacturers serving the utility-scale, commercial, and residential markets. With an in-house logistics team and remarkably responsive support staff, Heliene delivers competitively priced, high performance solar modules precisely when and where customers need them to accelerate North America’s clean energy transition. Founded in 2010, Heliene consistently ranks as a highly bankable module manufacturer and has production facilities located in Canada, and the USA. For more information, visit www.heliene.com.

    Media inquiries:
    Carly Ross
    FischTank PR
    heliene@fischtankpr.com  

    About Basis Climate

    Basis Climate is a leading facilitator of clean energy tax credit transfers, providing a seamless and efficient platform for businesses and individuals to monetize their tax credits generated from renewable energy projects. The company’s mission is to unlock the full potential of clean energy tax credits by connecting credit generators with motivated buyers, ultimately accelerating the transition to a clean and sustainable future. By leveraging technology and standardized diligence and transaction processes, Basis is able to support the full range of clean energy tax credits established by the Inflation Reduction Act of 2022.

    The MIL Network –

  • MIL-OSI: Calling All Paw-ty Animals: Trupanion to Connect Families & Shelter Pets for a Frightfully Howling Halloween

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Sept. 25, 2024 (GLOBE NEWSWIRE) — Do you have a Cleocatra? Perhaps a Vampug or Terri-fido. Because whether they’re spooky, sweet or somewhere in between—it’s time to break out the costume box for Trupanion’s Tricked Out for Treats Pet-tacular, a pet costume contest to run throughout October.

    Starting October 1, Trupanion invites pet parents to share photos of their furry friends in (pet safe!) costumes for a chance to win a custom pet portrait, pet-tacular swag, global spotlight opportunities, and ultimate bragging rights. And with eight tricked-out categories like ‘Solo Stunner’ for pet close ups and ‘Clinic Charmer’ spotlighting pets and veterinary team members, there’s something for everyone. Including ‘Adorably Adoptable’, a great way for Trupanion to team up with shelter and rescue organizations nationwide in order to find adoptable pets new homes.

    “When developing this initiative, we knew we wanted to create something fun and lighthearted, but with a deeper purpose,” said Margi Tooth, CEO & President of Trupanion. “That’s why we chose to shine a spotlight on shelter and rescue pets with the Adorably Adoptable category to connect these pets with potential families.”

    Submissions for the Adorably Adoptable category will receive extra attention on the campaign’s showcase page, where visitors will be able to see available pets. They’ll also have the opportunity to learn more about each pet’s shelter/rescue organization and connect with the team directly — whether they’re interested in adopting or want to explore ways to support their mission.

    “We’re looking forward to celebrating the fun, laughter, and love our pets bring into our lives each and every day with this campaign,” added Tooth. “It will be wonderful to share these joyful moments with the world and we are so excited for the opportunity to connect pets available for adoption with their forever homes.”

    Here’s How It Works

    Say Cheese: Starting October 1, trick out your pet in their finest and snap some pics.

    Tag, Brag & Vote: Submit your photos to trickedout.trupanion.com, tag one of the categories that best fits your pet’s paw-some personality, then share one social media to get as many votes as possible.

    Tune In: Don’t miss our virtual pet-tacular, streamed at trickedout.trupanion.com on October 30 at 12pm PST/3pm EST. Come meet the best-dressed pets, have lots of laughs, and find out who’s the “pick of the patch” in select categories.

    Visit trickedout.trupanion.com for more information and to submit your pet’s photo.

    Know a shelter or rescue interested in showcasing adoptable pets? Encourage them to pre-register for the campaign via email at shelterlove@trupanion.com before October 1.

    About Trupanion

    Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, Europe, Puerto Rico and Australia with over 1,000,000 pets enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. Policies are sold and administered by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). For more information, please visit trupanion.com.

    Contacts:
    Media: Trupanion Corporate Communications
    Corporate.communications@trupanion.com

    Images accompanying this press release are available for use. Pictures are of various pets in their Halloween costumes.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ea20e913-f4ec-47b5-a39f-8c691c689f7c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/afb1fff5-3942-49b2-bf5c-082f346ed877

    https://www.globenewswire.com/NewsRoom/AttachmentNg/742b0d6c-1791-49b4-a200-68e784bf8e76

    The MIL Network –

  • MIL-OSI: KnowBe4 Joins AWS ISV Accelerate Program

    Source: GlobeNewswire (MIL-OSI)

    TAMPA BAY, FL, Sept. 25, 2024 (GLOBE NEWSWIRE) — KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform announced today that it has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program and simultaneously launched its KnowBe4 Security Awareness Training (KSAT), PhishER Plus, Compliance Plus, and SecurityCoach in AWS Marketplace. Customers can now procure KnowBe4 products through AWS Marketplace using their AWS committed spend. In addition to streamlined procurement, it simplifies product onboarding shortening implementation time, which is much needed as organizations race to meet compliance requirements and implement cybersecurity best practices.

    According to the 2024 Verizon Data Breach Investigations Report, phishing was the most used threat action variety, representing 22% of data breaches and was the second most seen threat action in all incidents. Phishing and other social engineering tactics can bypass security technologies by targeting humans directly. Employees across many organizations are likely still failing to recognize phishing emails, allowing attackers to successfully execute their attacks.

    The AWS ISV Accelerate Program maintains rigorous standards, and KnowBe4 underwent a comprehensive evaluation, including architectural and security reviews, to gain acceptance. This process ensures the quality and design of our offerings meet AWS’s high standards. Proof of customer excellence was also reviewed to validate the successes KnowBe4 customers have achieved across industry verticals.   

    A joint KnowBe4 and AWS customer, Martha’s Vineyard Bank, developed a robust security awareness culture with KnowBe4’s KSAT: “KnowBe4 had a number of innovations. We could have [training in] shorter vignettes, they could provide phishing tests to our employees, and [could] make them realistic not only to help our employees through the business line but for their personal lives as well,” said John Shorrock, training and development manager, Martha’s Vineyard Bank.

    “With our strong collaboration with AWS, our customers now have greater flexibility and speed in how they can procure and implement KnowBe4 products,” said Prashant Pai, EVP of global business development, KnowBe4. “This allows us to collaborate closely with AWS field sellers globally while providing customers with simplified access to KnowBe4, enabling them to achieve a robust security culture and reduce human risk.”

    KSAT, PhishER Plus, CompliancePlus, and SecurityCoach are now generally available in AWS Marketplace, and KnowBe4’s platform is available globally. For more information on KnowBe4 and its platform or to learn more about our participation in the AWS ISV Accelerate Program, please visit here.

    About KnowBe4 

    KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, is used by more than 70,000 organizations around the globe. Founded by IT and data security specialist Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. The late Kevin Mitnick, who was an internationally recognized cybersecurity specialist and KnowBe4’s Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Organizations rely on KnowBe4 to mobilize their end users as their last line of defense and trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

    The MIL Network –

  • MIL-OSI: Pivotal Hits Industry Milestone, Surpassing 1,000 Crewed eVTOL Flights

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) — Pivotal, the market leader in light electric Vertical Takeoff and Landing (eVTOL) aircraft, today announced it has reached an industry-leading milestone. Specifically, the Pivotal team and its customers have now completed 1,117 crewed flights in BlackFly aircraft, a first in the emerging category of light eVTOL aircraft and all powered-lift eVTOLs.

    “Surpassing 1,000 human-piloted light eVTOL flights is an unmatched achievement,” said Ken Karklin, Pivotal CEO. “Whether for pure recreation, short commutes in rural areas, visits with neighbors, or to explore new terrain – once trained and approved, every pilot loves hopping into this single-seat eVTOL and taking off straight up into the sky.”

    By simplifying flight controls and reducing complexity, Pivotal’s novel tilt aircraft immerses the pilot in the wonder of flight, minimizes points of failure, and offers a high degree of safety.

    “I’ve always sought out the latest advancements in aviation. Pivotal’s eVTOLs provide an incredible flight experience,” said BlackFly owner, Dave Cook. “I’ve had the opportunity to showcase my aircraft at shows alongside my other rides. When I fly in this aircraft, people want to talk with me all about it.”

    BlackFly, Pivotal’s heritage development vehicle and pre-production eVTOL aircraft, have been delivered to individual owners nationwide via its Early Access Program. Additionally, friends and family of these early adopters who are seeking to fly are also receiving comprehensive training to become approved light eVTOL pilots, enabling them to adventure with BlackFly.

    Aircraft delivered through Pivotal’s Early Access Program (EAP) established a two-way communication channel with a select group of owners to provide invaluable feedback on every aspect of their customer experience. Participants in the program purchased a BlackFly prototype light eVTOL aircraft. The Program is closed to new participants as the company moves towards final qualification and production of BlackFly’s production successor, Helix.

    Today, customers can place orders for the Helix, Pivotal’s new production aircraft. The Helix builds on the innovation delivered in the BlackFly. https://pivotal.aero/helix.

    About BlackFly eVTOL
    Pivotal’s prototype eVTOL, the BlackFly, is a fixed-wing aircraft built on Pivotal’s third-generation eVTOL platform. The entire aircraft tilts for vertical takeoff and landing, rather than wing assemblies or rotors rotating to reorient thrust, reducing weight, complexity, and eliminating multiple points of failure. At the heart of this vehicle lies a robust fault-tolerant design, bolstered by triple modular systems for safety and reliability. Capable of manned, unmanned, and optionally manned missions, the light eVTOL aircraft can take off and land on pavement, dirt, or grass –– there’s no landing gear, simply a fuselage wear strip. The BlackFly complies with FAA Part 103 (Ultralight) category in the United States for flight in Class G airspace.

    About Pivotal
    Pivotal designs, develops, and manufactures light eVTOL aircraft. As an industry pioneer, Pivotal is renowned for the BlackFly, the first light eVTOL to be commercially available and delivered to buyers in the United States. Pivotal announced the Helix, its first production aircraft, in October 2023 and opened sales in January 2024. The company’s distinctive tilt-aircraft architecture and scalable platform have been under continuous improvement for well over a decade, and today, Pivotal has the most mature technology in the light eVTOL category. Efficient, compact, and simple, Pivotal vehicles are designed for a wide range of consumer, public service, and defense applications. The company is headquartered in Palo Alto, CA. For videos and more information, visit https://pivotal.aero.

    Media Contact:
    Heidi Groshelle
    press@pivotal.aero

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aab56d1d-ee6f-4896-ba01-1d7c76ff0781

    The MIL Network –

  • MIL-OSI: Honcho Introduces AI-Enhanced Tools for Simplified Website Building

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Sept. 25, 2024 (GLOBE NEWSWIRE) — Honcho has launched new artificial intelligence (AI) tools to simplify creating and launching business websites. This new suite of enhanced tools aims to make website building even more accessible to startup and small business owners who lack technical, creative, or marketing skills.

    Photo by afotostock

    “Our goal with these AI-enhanced tools is to remove the barriers many small business owners face when trying to establish an online presence – namely creative and technical skills,” said Matt Abrahams, CEO of Honcho. “With Honcho, users can easily create and launch a professional website in minutes without any prior experience.”

    AI streamlines the website creation process. Users can input minimal information, often just a business name and industry, and the AI will automatically generate a customized website complete with text, images, and optimized design elements.

    “Most small business owners just want a fully functioning website up and running … and fast,” added Abrahams. “Using our platform, business owners can begin marketing their business, and in turn, start adding to their bottom line, much faster.”

    Honcho is a well-established Australian business service with over 800,000 clients and has been operating in the website-building space for some time. The prototype version of the newly launched site has been in stealth mode in Australia for two years while the company perfected its operations. While the company will not provide numbers, it is understood thousands of clients have successfully used Honcho’s website-building services to date.

    A minimum viable product aptly named ‘Instant Website’ was launched first on Sept. 18, 2022, prior to AI becoming the hot commodity it is today. Version 2 of Instant Website, incorporating a range of new features, including business and domain name generators, automatic AI text generation and free photo library services, was released in February of 2024. Honcho launched its latest version with a completely new design interface and built for the global market on its premium Honcho.com site in September 2024.

    The company has big plans for the future with more features featuring AI soon to be launched, Abrahams noted. “We are not an AI company. We are service-focused specialists helping business owners globally to design, create and launch professional websites for their business – fast and simply. AI is another technology that adds value to our robust ecosystem, similar to many of the other technology tools we incorporate,” he said.

    About Honcho

    Honcho is a provider of business services to startups and small businesses. The technology company is dedicated to simplifying the process of creating and launching business websites. Honcho has delivered business services to more than 800,000 clients. With a focus on user-friendly design and AI technology, Honcho continues to set standards in the sector. For more information, visit Honcho’s website.

    Contact:

    Name: Morgan Davies
    Company: Honcho
    Website: Honcho.com
    Email: media@honcho.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e20860ed-4d91-46fa-9238-cc480e6365b1

    The MIL Network –

  • MIL-OSI: Form 8.3 – ASCENTIAL PLC

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: VELAY FINANCIAL SERVICES LTD
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 Not applicable
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ASCENTIAL PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: Not applicable
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 24/09/2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled:        
    (2)   Cash-settled derivatives: 2 362 095 1.15    
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 2 362 095 1.15    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
           

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    1p ordinary Swap Increasing long position 31 008 5.6464 GBP

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 25/09/2024
    Contact name: Arnaud STEPHANN
    Telephone number*: 00 41 22 707 42 70

    Additional dealing in this security:

    DATE Buy/Sell QTY Price
           
           

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Africa: Minister Gwarube commits to stabilising the education system

    Source: South Africa News Agency

    Minister of Basic Education Siviwe Gwarube and her deputy, Dr Reginah Mhaule, have committed to take all necessary steps to stabilise the education system given the budgetary constraints affecting provinces.

    The Minister said this while addressing the media on developments regarding budget cuts in the education sector, in Pretoria, on Wednesday. 

    “The Deputy Minister and I have been in constant engagement with provinces to support them during this challenging fiscal environment. We have committed ourselves to doing everything we can to stabilise the system and have appealed to provinces to retain the basket of posts, in order to not compromise education outcomes,” the Minister said. 

    She also moved to appreciate the work that the provinces have been doing around the clock to help the sector get to grips with these challenges. 

    “I have witnessed MECs work tirelessly with their provincial departments to protect teaching and learning in our schools.”

    Challenges

    The briefing comes weeks after several provincial Departments of Education have been vocal about the budgetary pressures they face. 

    These, said the Minister, have been years in the making due to the aggressive budget cuts, economic stagnation and fiscal mismanagement which is now set to impact schools.

    “These budget pressures are not just numbers on a spreadsheet – they translate into fewer teachers, reduced textbooks, and fewer admin support staff, which means teachers spend more time on admin work, thereby reducing learning and teaching time. In essence, the very fabric of our children’s future is under threat.”

    She explained that provinces like the Western Cape have seen the painful decision to reduce the basket of teaching posts for 2025, a move that may result in fewer educators in classrooms. 

    “This may mean larger class sizes, reduced individual attention for learners, and ultimately, a risk to the achievement of quality education outcomes.”

    She added that unfortunately, other provinces throughout the country are in a similar position with many desperately working to find ways of avoiding having to top slice budgets for key services like textbooks, admin support and scholar transport programmes. 

    “We are faced with a pending national crisis, one that affects not just our learners but our teachers, principals, and broader communities.

    “It is crucial to understand that this crisis is not confined to one province or one aspect of the education sector. Every province is grappling with these painful choices.”

    Provincial education departments will in the next two to three years, find it increasingly difficult to fund their existing basket of posts and existing programmes within the available budget, unless measures are taken proactively to mitigate this risk.

    For instance, she said in the 2025/26 financial year, four provincial departments will battle to cover their budgets; in the 2026/27 financial year, five provinces will battle to cover their budgets. In the 2027/28 financial year, seven provinces will not be able to afford their budgets. 

    “Several provinces have preserved the same post basket for the past three academic years, despite learner numbers increasing, while other provinces have decreased their posts in the past three years. It is important to note that these have been cuts in posts but not warm bodies. 

    “Meaning that no person gets retrenched but rather vacancies are not filled,” she said. 

    Increase in learner numbers

    Nationally, the Minister highlighted that the number of learners within the education system has increased by approximately 292,820 over the last five years.

    Learner/Educator Ratios have also steadily increased across most provinces. 
    She explained that an increase in learners’ numbers without increasing the post basket, may affect the quality of teaching which may soon be reflected in the performance of the system.

    Largely, she added that the financial constraints have had the largest impact on educator provisioning, leading to a steady increase in Learner/Educator Ratios in most provincial education departments.

    “Most provincial Education Departments require between R350 million and R3.8 billion [over the Medium-Term Expenditure Framework to fully fund their respective basket of posts].

    “The numbers are staggering. If we continue down this path, projections indicate that most provincial education departments will not be able to maintain their respective basket of posts,” she said. 

    Interventions

    In response to this potential crisis, Minister Gwarube said she convened two special meetings of the Council of Education Ministers (CEM). These meetings brought together education MECs from across the country and they conducted a thorough analysis of the budget challenges in each province. 

    MECs from each province have compiled provisional provincial reports with sobering results.

    “For the first time in a decade, we now have a clearer picture of where the most significant budget pressures lie and how we need to engage treasury in a bid to address the challenges we see.

    “As a result, I have requested an urgent meeting with the Minister of Finance to discuss the matter further. I am grateful to Minister [Enoch] Godongwana for his cooperation and support on this important matter.

    “We are also appreciative of Treasury’s willingness to engage with the Education sector. Ultimately a solution must be found in order for us to protect front line services,” the Minister said. 

    Gwarube has also requested a convening of a political 10X10 meeting between the Minister of Finance and the provincial MECs for Finance, as well as herself and the nine MECs of Education. 

    “We must work together with all 10 treasuries to unlock additional funds to alleviate the pressures facing the education sector, even if it is for the short term, and to prevent further cuts to teaching posts and critical support services like school nutrition and transport.

    “We also need to look at cross-departmental reprioritisation of budgets from departments that have under-performing programmes – ensuring that funding across government is directed to appropriate national priorities,” she said. 

    The Minister concluded that while the sector faces significant challenges, “these are not insurmountable. But they require decisive action and an unwavering commitment to putting education first.”

    Earlier this month, the Department of Basic Education said that the Minister had held meetings with various international partners to reinforce South Africa’s commitment to enhancing the education sector through global collaboration. 

    READ | Minister Gwarube in talks to enhance education sector

    – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Video: Best Squad Is Coming! | U.S. Army

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts #BestSquad

    https://www.youtube.com/watch?v=rdyEC8szBUY

    MIL OSI Video –