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Category: Business

  • MIL-OSI Europe: Issue of Confederation bonds on 9th October 2024

    Source: Switzerland – Department of Finance

    Federal Finance Administration

    Bern, 25.09.2024 – Optional auction date will be maintained.

    The Federal Finance Administration will maintain the optional issue date on 9th October 2024. On 8th October it will announce as usual which Confederation bond will be issued.


    Address for enquiries

    Michael Girod, Communications, Federal Finance Administration, tél. +41 58 465 41 41, kommunikation@efv.admin.ch


    Publisher

    Federal Finance Administration
    http://www.efv.admin.ch

    MIL OSI Europe News –

    September 29, 2024
  • MIL-OSI Asia-Pac: FS meets Spanish business leaders

    Source: Hong Kong Information Services

    Continuing his visit to Madrid, Spain, Financial Secretary Paul Chan yesterday spoke at a business lunch, met Spanish officials and visited local enterprises.

    Delivering a keynote speech at a lunch with about 150 leaders from Spain’s business, financial, and innovation and technology sectors, Mr Chan stressed that Hong Kong has restored its global connections following the COVID-19 pandemic, and is eager to deepen co-operation with Spain to deliver mutual benefits.

    With the advantages brought by “one country, two systems”, Hong Kong is solidifying its role as a super-connector, and welcomes Spanish enterprises to use the city as a springboard to tap into the vast markets of the Greater Bay Area, the Mainland, and Asia more broadly, he said.

    He added that through its mutual access schemes with the Mainland’s capital markets, Hong Kong provides a channel through which Spanish companies can easily attract funds.

    Furthermore, as Hong Kong’s green standards are compatible with those of the European Union, green projects in Europe can leverage Hong Kong as a fund-raising platform. Mr Chan elaborated that Hong Kong can also collaborate with Spain’s tech ecosystem across key sectors such as artificial intelligence, biotechnology, fintech, and new energy and new materials.

    In the afternoon, the finance chief met Spanish Secretary of State for Trade Amparo López Senovilla and briefed her on economic developments in Hong Kong. The two officials also held in-depth exchanges on the promotion of economic and trade co-operation and mutual investment.

    Additionally, Mr Chan led a delegation of Hong Kong tech startups on a visit to IMPACT, a Spanish startup accelerator, for an exchange of views on entrepreneurial strategies in the innovation and technology sector. He and the delegation also visited the Spanish telecommunications company Telefónica to learn about its development strategies in 5G telecommunications, the Internet of Things and Web3.0.

    The Financial Secretary was due to continue his stay in Madrid this morning before heading to London in the afternoon.

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI Australia: Update in our Berkeley Living Retirement Village court action

    Source: Government of Victoria 2

    Our Supreme Court case seeking to recover in-going contributions paid by former retirement village residents is off to the High Court, after support from the Victorian Attorney-General. 

    The former Berkeley Living Retirement Village in Patterson Lakes closed in 2017, leaving many former residents and their families, who had paid considerable refundable fees, out of pocket.  

    Following our successful prosecution of former manager Stephen George Snowden and reforms to Victoria’s retirement villages laws, we filed a legal application in the Supreme Court of Victoria last year, seeking to sell all the retirement village land and use the sale funds to ensure residents are repaid what they are owed. 

    Last month at our request, the Victorian Attorney-General applied to take the matter to the High Court of Australia. The Attorney-General is seeking a ruling that would give the Supreme Court of Victoria full powers to make all the orders we are seeking in the case, including the sale of all the individual lots of land that make up the former village.  

    The reason this is important is that some of the lots of land are now owned by the Commonwealth or the Australian Securities and Investments Commission, because the previous owners were companies that are now deregistered under federal law. This means that the Supreme Court must consider making orders that would cover the Commonwealth government – this raises constitutional issues, that the Attorney-General’s application to the High Court can help resolve. 

    Director Nicole Rich said Consumer Affairs Victoria would continue to support the High Court application and do anything in its powers to progress the case. 

    “Our priority is ensuring that the former Berkeley Living residents and their families receive their entitlements under the law,” Rich said. 

    “As soon as the High Court application is resolved, we will take any next steps available to us to finalise our Supreme Court case in the public interest.”

    MIL OSI News –

    September 29, 2024
  • MIL-OSI: RIBER: 2024 first-half earnings

    Source: GlobeNewswire (MIL-OSI)

    2024 first-half earnings

    • Solid half-year revenues growth (+13%)
    • Gross margin up by 21% and operating income at breakeven
    • Net profit of €0.2m despite the lower seasonal revenues
    • Strong increase in order book at June 30, 2024 (+18%), reaching €36.0m
    • Outlook confirmed: revenues exceeding €40m with growth in earnings expected for the full year

    Bezons, September 25, 2024 – 8:00am – RIBER, a global market leader for semiconductor industry equipment, is releasing its earnings for the first half of 2024.

    (€m) H1 2024 H1 2023 Change
    Revenues
    Systems revenues
    Services and accessories revenues
    13.7
    9.4
    4.3
    12.2
    8.5
    3.6
    +13 %
    +10 %
    +19 %
    Gross margin
    % of revenues
    4.8
    34.8 %
    3.9
    32.3 %
    +21 %
    +2,5 pts
    Operating income
    % of revenues
    (0.0)
    (0.2 %)
    (1.1)
    (9.3 %)
    +97 %
    +9,1 pts
    Net income
    % of revenues
    0.2
    1.2 %
    (1.2)
    (10.2 %)
    +113 %
    +11,4 pts

    Key developments

    In the first half of 2024, despite an uncertain macroeconomic environment, RIBER achieved solid business growth. This performance reflects its strong position in the MBE market, driven by a sharp rise in orders during the first half, with 8 systems ordered for both research and industrial production. Additionally, the services and accessories business saw a significant upturn compared to a favourable base.

    Revenues

    In this context, revenues for the first half of 2024 came to €13.7m, up +13% compared with the first half of 2023. Systems revenues increased by +10% to €9.4m, while services and accessories revenues were up by +19% to €4.3m.

    Earnings

    The company points out that first-half earnings cannot be extrapolated over the full year due to the lower seasonality of revenues in the first half.

    The first-half gross margin was €4.8m, representing 34.8% of revenues, compared to 32.3% for the first half of 2023.

    Operating profit improved by €1.1m, reaching breakeven in the first half of 2024.

    Net income was positive at €0.2m, compared to a loss of €1.2m for the first half of 2023. This includes net financial income of €0.2m.

    Cash flow and balance sheet

    At the end of June 2024, the cash position was positive at €7.1m, compared to €9.7m at December 31, 2023, and €8.3m at June 30, 2023.

    Shareholders’ equity at end-June 2024 totaled €19.6m, compared to €21.2m at December 31, 2023, primarily taking into account the half-year earnings and the distribution to shareholders from the issue premium paid out in June.

    Order book

    The order book at June 30, 2024 totaled €36.0m, up +18% compared with June 30, 2023. System orders, amounted to €30.2m (+27%), based on 12 machines, including 7 production machines. Orders for services and accessories (€5.8m) are down -14%.
    This order book does not include the order announced in August 2024 for 1 research machine.

    Outlook

    Given the current orders scheduled for delivery in 2024 and the opportunities for its systems, services and accessories, RIBER expects full-year revenues exceeding €40m, along with further improvements in earnings.

    In a semiconductor market driven by innovation, the company expects new orders in the fourth quarter.

    Next date: 2024 third-quarter revenues on October 30, 2024, before start of trading.

    The condensed consolidated half-year accounts have not been subject to an audit or a limited review by the statutory auditors. They were approved by the Board of Directors on September 24, 2024. The half-year financial report is available in French on the company website (www.riber.com).

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry, and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels.
    Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductor systems that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing.

    RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER : Annie Geoffroy| tel: +33 (0)1 39 96 65 00 | invest@riber.com

    CALYPTUS : Cyril Combe | tel: +33 (0)1 53 65 68 68 | cyril.combe@calyptus.net

    Attachment

    • CP_Riber-résultats_S1_2024_E_def

    The MIL Network –

    September 29, 2024
  • MIL-OSI: NBPE Announces August Monthly NAV Estimate

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces August Monthly NAV Estimate

    25 September 2024

    NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 August 2024 monthly NAV estimate.

    NAV Highlights (31 August 2024)

    • NAV per share was $27.44 (£20.88), a total return of 0.1% in the month
    • Performance driven by 1.4% quarterly uplift in private company valuations (ex-FX), offset by negative FX adjustments of 0.2%
    • Year to date NAV TR of 1.2%
    • $73 million invested in new and follow on investments year to date
    • $390 million of available liquidity at 31 August 2024
    • 2H 2024 dividend of $0.47 paid on 30 August 2024
    • Annualised dividend yield at  31 August 2024 NAV of 3.4%; annualised share price yield is 4.5% based on the closing share price of £15.92 on 31 August 2024
    As of 31 August 2024 YTD 1 Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised
    1.2% 1.7% 6.8%
    2.2%
    72.8%
    11.6%
    177.1%
    10.7%
    MSCI World TR (USD)*
    Annualised
    17.1% 25.0% 23.8%
    7.4%
    89.7%
    13.7%
    162.9%
    10.1%
    Share price TR (GBP)*
    Annualised
    (0.3%) 8.1% 12.0%
    3.8%
    77.1%
    12.1%
    263.0%
    13.8%
    FTSE All-Share TR (GBP)*
    Annualised
    11.3% 17.0% 24.4%
    7.5%
    37.9%
    6.6%
    80.9%
    6.1%

    *Reflects cumulative returns over the time periods shown and are not annualised.

    Portfolio Update to 31 August 2024

    Following the 1H private portfolio valuation increases, movements in public holdings and FX in July and August, NBPE’s NAV TR year to date was 1.2%.

    NAV performance during the month driven by:

    • 0.1% NAV increase ($1 million) from postive FX movements
    • 0.5% NAV increase ($7 million) from the value of quoted holdings (which now constitute 7% of portfolio fair value)
    • 0.4% NAV decrease ($5 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability

    Realisations from the portfolio continue in 2024

    • $5 million received during the month and a further $6 million expected in the coming months from the announced realisation of Syniti
    • $158 million of realisations received year to date, driven by Action and previously announced sales of Cotiviti, Melissa & Doug, FV Hospital and Safefleet as well as partial sales of public stock and continued realisations from the legacy income investment portfolio

    $390 million of total liquidity at 31 August 2024

    • $180 million of cash and liquid investments with $210 million of undrawn credit line available

    $73 million invested in 2024 in new and follow-on investments

    • $25 million invested in FDH Aero, a leading parts distributor to the aerospace and defense industry
    • $38 million invested into two U.S. healthcare businesses, Benecon and Zeus
    • $10 million of additional new and follow on investments

    $0.47 semi annual dividend paid on 30 August 2024

    • Bringing total dividends paid to shareholders since 2013 to approximately $360 million

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 31 August 2024 was based on the following information:

    • 7% of the portfolio was valued as of 31 August 2024
      • 7% in public securities
    • 93% of the portfolio was valued as of 30 June 2024
      • 92% in private direct investments
      • 1% in private funds

    For further information, please contact:

    NBPE Investor Relations         +44 (0) 20 3214 9002
    Luke Mason                              NBPrivateMarketsIR@nb.com 

    Kaso Legg Communications   +44 (0)20 3882 6644

    Charles Gorman                        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 31 August 2024)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer                        68.3 5.4%
    Osaic 2019 Reverence Capital Financial Services                        62.7 4.9%
    Solenis 2021 Platinum Equity Industrials                        58.2 4.6%
    BeyondTrust 2018 Francisco Partners Technology / IT                        42.0 3.3%
    Branded Cities Network 2017 Shamrock Capital Communications / Media                        40.1 3.2%
    Monroe Engineering 2021 AEA Investors Industrials                        38.3 3.0%
    Business Services Company* 2017 Not Disclosed Business Services                        37.2 2.9%
    True Potential 2022 Cinven Financial Services                        35.5 2.8%
    GFL (NYSE: GFL) 2018 BC Partners Business Services                        33.8 2.7%
    Kroll 2020 Further Global / Stone Point Financial Services                        31.4 2.5%
    Marquee Brands 2014 Neuberger Berman Consumer                        30.8 2.4%
    Staples 2017 Sycamore Partners Business Services                        30.7 2.4%
    Constellation Automotive 2019 TDR Capital Business Services                        30.6 2.4%
    Fortna 2017 THL Industrials                        28.7 2.3%
    Viant 2018 JLL Partners Healthcare                        27.2 2.1%
    Stubhub 2020 Neuberger Berman Consumer                        26.6 2.1%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT                        25.6 2.0%
    FDH Aero 2024 Audax Group Industrials                        25.3 2.0%
    Agiliti 2019 THL Healthcare                        25.3 2.0%
    Benecon 2024 TA Associates Healthcare                        25.2 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT                        24.4 1.9%
    Addison Group 2021 Trilantic Capital Partners Business Services                        23.8 1.9%
    USI 2017 KKR Financial Services                        23.2 1.8%
    Auctane 2021 Thoma Bravo Technology / IT                        22.5 1.8%
    AutoStore (OB.AUTO) 2019 THL Industrials                        22.2 1.7%
     

    Excelitas

     

    2022

     

    AEA Investors

     

    Industrials

                           21.9  

    1.7%

    Qpark 2017 KKR Transportation                        21.3 1.7%
    Exact 2019 KKR Technology / IT                        20.0 1.6%
    Renaissance Learning 2018 Francisco Partners Technology / IT                        19.4 1.5%
    Bylight 2017 Sagewind Partners Technology / IT                        18.6 1.5%
    Total Top 30 Investments                            $940.8 74.0%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 77%
    Europe 22%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 20%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 13%
    Healthcare 8%
    Other 4%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 11%
    2017 19%
    2018 15%
    2019 14%
    2020 12%
    2021 17%
    2022 5%
    2023 2%
    2024 5%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $481 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of June 30, 2024.


    1Based on net asset value.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    Attachments

    • August 2024 NBPE FactsheetvF
    • NBPE Investor Presentation – September vF

    The MIL Network –

    September 29, 2024
  • MIL-OSI: ASUS Announces its Zenbook S 14 (UX5406) Powered by the New Intel® Core™ Ultra Processor (Series 2) is Now Available in Canada

    Source: GlobeNewswire (MIL-OSI)

    KEY POINTS

    • A blend of art and tech: Functional aesthetics, using Ceraluminum™ and CNC milling to craft a 1.1 cm ultrathin chassis with a distinctive geometric grille design
    • Zenbook does more: Up to latest AI-powered Intel® Core™ Ultra 7 processor (Series 2); Copilot key; enlarged 16:10 seamless touchpad with smart gestures
    • Impressive audiovisuals: 14″ 3K 120Hz ASUS Lumina OLED display and advanced four-speaker audio system provide a genuine theater-like experience
    • Quiet and secure: Efficient, distraction-free performance with <25dB ambient cooling; Microsoft Pluton security, face login, and Windows passkeys

    TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) — ASUS today announced that the all-new Zenbook S 14 (UX5406) is now available in-store and online in Canada on the ASUS Store, Best Buy, and later in December in selected retailers. Zenbook S 14 is one of the thinnest and most portable 14-inch ASUS Copilot+ PC on the market, blending performance with sophistication. The premium Zenbook S 14 showcases a new functional aesthetic and has been completely redesigned inside and out. The chassis features the new, innovative ASUS Ceraluminum™, a high-tech ceramic hybrid material available in a range of nature-inspired colors.

    A blend of art and tech

    Zenbook S 14, newly designed with a functional aesthetic, incorporates the innovative ASUS Ceraluminum material, providing both durability and a sleek design. After four years of refining the colors, texture, and hardness of this material, the results are outstanding. Utilizing cutting-edge CNC technology, Zenbook S 14 achieves a remarkable thinness of just 1.1cm while housing advanced components, including an advanced vapor-chamber cooling system. It’s the only laptop combining such sleekness and functionality and is our thinnest and most compact 14-inch laptop, emphasizing our commitment to top-notch performance and portability. CNC machining also creates the exclusive geometric grille design above the keyboard and the enlarged touchpad area. The laptop is available in two nature-inspired shades — Zumaia Gray and Scandinavian White.

    Zenbook does more

    Zenbook S 14 offers next-generation AI capabilities in an ultrathin form factor. It’s equipped with up to the latest Intel Core Ultra 7 processor (Series 2) with system-on-chip (SoC) design. The SoC design reduces motherboard size by 27%1 to increase overall cooling efficiency and integrates premium low-power LPDDR5X DRAM into a compact package. This second factor shortens the distance between the CPU and memory, enabling higher bandwidth and lower latency ― ensuring improved stability and higher performance. With up to 32GB of fast RAM, and a 1TB PCIe® 4.0 SSD, the processor features a TDP of up to 28 watts and a built-in NPU delivering up to 47 NPU TOPS for modern AI applications, ensuring the 72Wh battery provides all-day autonomy. The user experience is seamless and intuitive, with a dedicated Windows Copilot key on the ASUS ErgoSense keyboard for instant Windows AI assistance and an enlarged touchpad matching the screen’s 16:10 aspect ratio. This enhances comfort and ease of use, allowing quick adjustments of audio volume, screen brightness and more via smart gestures. The ultra-compact Zenbook S 14 features a full set of I/O ports, including two Thunderbolt™ 4, a USB 3.2 Gen 2 Type-A, HDMI® 2.1, and an audio combo jack. WiFi 7 with ASUS WiFi Master Premium certification ensures the fastest, most reliable connections.

    Engaging audiovisuals

    The 3K 120Hz ASUS Lumina OLED display is Pantone® Validated and DisplayHDR™ True Black 500 certified. It delivers lifelike visuals with outstanding color and HDR performance, including a 100% DCI-P3 gamut to ensure vivid colors. Zenbook S 14 features a powerful four-speaker Harman Kardon-certified audio system, a remarkable engineering feat in such a thin device. It provides full-range multi-dimensional Dolby Atmos® sound, offering a truly immersive and lifelike audiovisual experience.

    Quiet and secure

    Zenbook S 14 prioritizes noise reduction with an advanced ultra-slim vapor-chamber cooling system featuring dual IceBlade fans, allowing an under-25dB ambient cooling mode while enabling up to 28W TDP performance, when needed. The geometric grille above the keyboard maximizes airflow and minimizes dust or dirt ingress. User privacy and security are paramount, supported by Windows passkeys and Microsoft Pluton, which integrates hardware, firmware, and software to defend against evolving threats. Windows Hello facial recognition ensures secure access without needing to remember passwords. The ASUS AiSense IR camera enables Adaptive Lock, which monitors user presence and locks the laptop when the user moves away, and Adaptive Dimming enhances privacy by dimming the screen when the user looks away.

    AVAILABILITY & PRICING

    The ASUS Zenbook S 14 is now available instore and online starting from September 24th in Canada.

    The Zenbook S 14 with an Intel Core Ultra 5 processor 226V, 16 Gb LPDDR5X-8533 RAM and 1 TB of storage is available starting from CA$1,799 in exclusivity on the ASUS Store and Best Buy.

    The Zenbook S 14 with an Intel Core Ultra 7 processor 258V, 32 GB LPDDR5X-8533 RAM and 1 TB of storage is available for CA$2,199 in exclusivity on the ASUS Store and Best Buy.

    Another configuration with an Intel Core Ultra 7 processor 256V, 16 GB LPDDR5X-8533 RAM and 1 TB storage will be available starting from December 2024, starting from CA$1,999 on the ASUS Store and selected retailers.

    Please contact your local ASUS representative for further information.

    NOTES TO EDITORS

    For more product photos: https://press.asus.com/media/photos/

    Zenbook S 14 Product Page: https://asus.com/ca-en/Laptops/For-Home/All-series/ASUS-Zenbook-S-14-UX5406

    Zenbook S 14 ASUS Store: https://shop.asus.com/ca-en/asus-zenbook-s-14-ux5406.html

    Zenbook S 14 Best Buy (Intel Core Ultra 5): https://www.bestbuy.ca/en-ca/product/asus-zenbook-s-14-touchscreen-2-in-1-laptop-zumaia-grey-intel-core-ultra-5-16gb-ram-1tb-ssd-win-11/18389565

    ASUS Zenbook S 14 Best Buy (Intel Core Ultra 7): https://www.bestbuy.ca/en-ca/product/asus-zenbook-s-14-14-touchscreen-2-in-1-laptop-zumaia-grey-intel-core-ultra-7-32gb-ram-1tb-ssd-win-11/18389564

    ASUS Pressroom: http://press.asus.com

    ASUS Canada Facebook: https://www.facebook.com/asuscanada/

    ASUS Canada Instagram: https://www.instagram.com/asus_ca

    ASUS Canada YouTube: https://ca.asus.click/youtube

    ASUS Global X (Twitter): https://www.x.com/asus

    SPECIFICATIONS2

    ASUS Zenbook S 14 (UX5406)    
    Model  Zenbook S 14

    UX5406SA-BH71T-CB

    Zenbook S 14

    UX5406SA-DH71T-CB

    Zenbook S 14

    UX5406SA-BH51T-CB

    CPU  Intel® Core™ Ultra 7 processor 258V Intel® Core™ Ultra 7 processor 256V Intel® Core™ Ultra 5 processor 226V
    Display  14″, 3K (2880 x 1800) OLED Touch display, 16:10 aspect ratio, 120Hz refresh rate, 400 nits, up to 500 nits HDR peak brightness, 100% DCI-P3 color gamut, 1,000,000:1, DisplayHDR™ True Black 500 certified, Pantone® Validated, 70% less harmful blue light, TÜV Rheinland-certified, 90% screen-to-body ratio, With stylus support
    Operating system  Windows 11 Home
    Graphics  Intel® Arc™ Graphics            
    Main memory  32 GB LPDDR5X on board 16 GB LPDDR5X on board 16 GB LPDDR5X on board
    Storage  1TB M.2 NVMe® PCIe® 4.0 SSD
    Connectivity  WiFi 7 (802.11be)

    Bluetooth® 5.4

    Camera  AiSense FHD IR camera w/ ACS
    I/O ports  1 x USB 3.2 Gen 2 Type-A

    2 x Thunderbolt™ 4 supports display / power delivery

    1 x HDMI® 2.1 TMDS

    1 x 3.5mm Combo Audio Jack

    Touchpad  Enlarged touchpad (127 x 79mm) with Smart Gesture support
    Audio  4 built-in speakers

    2 built-in array microphones

    Harman Kardon certified

    Battery  72Wh
    AC adapter  65W AC Adapter

    Output: 20V DC, 3.25A, 65W

    Input: 100-240V AC 50 / 60Hz universal

    Dimensions  31.03 x 21.47 x 1.19 ~ 1.29cm (12.22″ x 8.45″ x 0.47″ ~ 0.51″)
    Weight  1.2kg3
    Color  Zumaia Gray Zumaia Gray Zumaia Gray
    Price  CA$2,199 CA$1,999 CA$1,799
    Where to Buy  ASUS Store

    Best Buy

    Available in December ASUS Store

    Best Buy


    About ASUS

    ASUS is a global technology leader that provides the world’s most innovative and intuitive devices, components, and solutions to deliver incredible experiences that enhance the lives of people everywhere. With its team of 5,000 in-house R&D experts, the company is world-renowned for continuously reimagining today’s technologies. Consistently ranked as one of Fortune’s World’s Most Admired Companies, ASUS is also committed to sustaining an incredible future. The goal is to create a net zero enterprise that helps drive the shift towards a circular economy, with a responsible supply chain creating shared value for every one of us.

    FORTUNE and FORTUNE World’s Most Admired Companies are registered trademarks of FORTUNE Media IP Limited and are used under license


    1 Compared to a similar 14-inch laptop (UX3405).
    2 Specifications, content and product availability are all subject to change without notice and may differ from country to country. Actual performance may vary depending on applications, usage, environment and other factors. Full specifications are available at http://www.asus.com
    3 Weight may vary according to specifications.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ba8bbc3e-b00b-41b8-b62b-1ee333fe3fe7

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Devon Energy Schedules Third-Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, Sept. 24, 2024 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2024 results on Tuesday, Nov. 5, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2024 results will be available on the company’s website at www.devonenergy.com.

    On Wednesday, Nov. 6, the company will hold a conference call at 10 a.m. CST (11 a.m. EST), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call.

    ABOUT DEVON ENERGY

    Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

    Investor Contacts                        
    Rosy Zuklic, 405-552-7802                        
    Chris Carr, 405-228-2496
      Media Contact
    Michelle Hindmarch, 405-552-7460

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

    September 29, 2024
  • MIL-OSI Banking: Verizon Business delivers mission-critical connectivity to South Carolina Army National Guard

    Source: Verizon

    Headline: Verizon Business delivers mission-critical connectivity to South Carolina Army National Guard

    • The South Carolina Army National Guard has selected Verizon as its primary wireless communications partner
    • Contract includes more than 1,000 lines of service, ranging from smartphones to data devices

    COLUMBIA, S.C. – Verizon Business today announced a new contract with the South Carolina Army National Guard (SCARNG), becoming the primary wireless communications provider of the state-based military component.

    The deal encompasses connectivity for more than 1,000 devices ranging from 5G Ultra Wideband (UW) and 4G LTE smartphones to data devices like jet packs.

    The communications capabilities provided by these devices will play a key factor in the SCARNG’s ability to achieve its mission across the state of South Carolina.

    The SCARNG will also have access to the Verizon Frontline Crisis Response Team, a specialized group composed primarily of former first responders and military personnel, dedicated to supporting public safety and government agencies during emergencies at no cost to the supported agencies.

    This team provides on-demand, emergency assistance during crisis situations on a 24/7 basis. Verizon Frontline Crisis Response Team members set up portable cell sites, Wi-Fi hotspots, charging stations and other Verizon Frontline devices and solutions that enable communications and/or boost network performance.

    The SCARNG serves the state of South Carolina by responding to domestic emergencies, such as natural disasters, and by assisting in special situations. The SCARNG can also provide staff operations to support the governor during contingency operations.

    MIL OSI Global Banks –

    September 29, 2024
  • MIL-OSI Russia: High-Level Retreat in New Hampshire as part of Bretton Woods at 80 Initiative

    Source: IMF – News in Russian

    September 24, 2024

    WASHINGTON  – As part of the previously announced Bretton Woods at 80 Initiative, the IMF and the World Bank Group are hosting a high-level retreat at Bretton Woods, New Hampshire, on September 26‒27, 2024.

    This two-day Chatham House Rules event will bring together a small and diverse group of global thinkers—including individuals prominent in the fields of history, international relations, political science, finance, and business—at the location of the 1944 United Nations Monetary and Financial Conference (the “Bretton Woods Conference”).

    The three External Advisors to the Bretton Woods at 80 Initiative, Patrick Achi, Sri Mulyani Indrawati, and Mark Malloch-Brown, will help guide the discussions.

    Senior management and staff from both the Bank and the Fund will be in attendance, including President Ajay Banga and Managing Director Kristalina Georgieva.

    The purpose of the retreat is to facilitate a discussion on the shape of the world economy 20‒30 years from now, how multilateralism may evolve, and how the Bank and Fund can best continue to support stability and progress on a livable planet.

    This retreat is part of an ongoing series of consultations with IMF and World Bank stakeholders that will continue to be led by the External Advisors at events and engagements over the coming months.

     

     

    Contacts:

    For the IMF: Pavis Devahasadin, media@imf.org

    For the World Bank: David M. Theis, dtheis@worldbankgroup.org

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/09/23/pr24341-high-level-retreat-in-new-hampshire-as-part-of-bretton-woods-at-80-initiative

    MIL OSI

    MIL OSI Russia News –

    September 29, 2024
  • MIL-OSI Translation: Blockchain: new online training for businesses

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    The State of Geneva is launching a new online training course for companies to enable them to better understand and identify blockchain opportunities. This new training course complements existing courses on artificial intelligence, cyber risks and RNE. These online courses are freely accessible and free of charge.

    This new online course around the blockchain presents the functioning of this technology, its usefulness and its potential applications within a company, particularly in the context of cryptocurrencies but also beyond.

    It is part of the training catalogue offered by the Department of Economy and Employment (DEE). These online courses include videos and testimonials in an offbeat tone in order to stimulate reflection and make the material easily accessible to everyone. The content of these training courses was developed by the cantonal office of economy and innovation (OCEI) with the help of specialists from the academic world. It is essential for Geneva companies to seize the opportunities offered by the evolution of digital technology in order to better understand the risks and potential of these technologies.

    These new online courses, also called MOOCs – “Massive Open Online Course” – last 25 minutes each.

    To access training modules and other content:

    Online training: Other resources:

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

    MIL Translation OSI

    September 29, 2024
  • MIL-OSI USA: Adam G. Brief Appointed as Acting U.S. Trustee for Northern Illinois and Wisconsin

    Source: US State of North Dakota

    Adam G. Brief has been appointed by Attorney General Merrick B. Garland as the Acting U.S. Trustee for Northern Illinois and Wisconsin (Region 11) effective Sept. 28, the Executive Office for U.S. Trustees announced today. Brief replaces Patrick S. Layng, who is retiring after 36 years of dedicated service to the Justice Department, including the last 14 years as the U.S. Trustee in Region 11. Under 28 U.S.C. § 585(a), the Attorney General may fill U.S. Trustee vacancies by appointing an Acting U.S. Trustee.

    Brief has served as the Assistant U.S. Trustee in charge of the Chicago field office since joining the U.S. Trustee Program in 2015 after 14 years in private practice. Brief’s effective coordination with the U.S. Attorney’s Office for the Northern District of Illinois has contributed to several successful high-profile criminal prosecutions. In addition to being a frequent speaker at legal seminars and conferences, Brief teaches a lawyering skills course at the University of Illinois Chicago Law School. He received his bachelor’s degree in history and political science from Rutgers University Livingston College and his law degree from Seton Hall University. After law school, Brief was a term law clerk for Judge Stephen Stripp of the U.S. Bankruptcy Court for the District of New Jersey. For six years before joining the USTP, while still in private practice, he served as an investigator appointed by the Supreme Court of New Jersey to a district ethics committee.

    The USTP’s mission is to promote the integrity and efficiency of the bankruptcy system for the benefit of all stakeholders – debtors, creditors and the public. The USTP consists of 21 regions with 89 field offices nationwide and an Executive Office in Washington, D.C. Learn more about the USTP at www.justice.gov/ust. 

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Security: Owners of Florida Labor-Staffing Companies Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges

    Source: United States Attorneys General 13

    Two Ukrainian nationals made their initial appearance yesterday on a superseding indictment returned by a federal grand jury in Miami charging them with crimes related to labor-staffing companies they operated in Florida. The two men were extradited from the Kingdom of Thailand to the United States last week. 

    According to the superseding indictment, between August 2007 and July 2021, Oleg Oliynyk, Oleksandr Yurchyk and others owned and operated a series of labor-staffing companies in South Florida, including Paradise Choice LLC, Paradise Choice Cleaning LLC, Tropical City Services LLC and Tropical City Group LLC. The indictment alleges that the defendants, through these staffing companies, facilitated the employment in the hospitality industry of non-resident aliens who were not authorized to work in the United States. In addition, Oliynyk and Yurchyk allegedly conspired to defraud the IRS by, among other things, not withholding Social Security, Medicare and income taxes from these workers paychecks, and causing false corporate tax returns for the labor-staffing companies to be filed with the IRS. 

    Both defendants were charged with conspiracy to defraud the United States, conspiracy to harbor non-resident aliens and induce them to remain in the country and conspiracy to commit money laundering. If convicted, the defendants each face a maximum penalty of five years in prison on the conspiracy to defraud the United States charge, a maximum penalty of 10 years in prison on the conspiracy to harbor aliens and induce them to remain in the United States charge and a maximum penalty of 20 years in prison on the money laundering conspiracy charge. Each count also carries the possibility of a fine and supervised release upon completion of any sentence of incarceration. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Markenzy Lapointe for the Southern District of Florida made the announcement.

    The Department of Homeland Security, Homeland Security Investigations and IRS Criminal Investigation are investigating the case. The Justice Department’s Office of International Affairs provided significant assistance in securing the arrest and extradition of Oliynyk and Yurchyk. The United States also thanks the Embassy of the United States in Thailand – Regional Security Office and Thai law enforcement partners including the Royal Thai Police and Office of the Attorney General for their valuable assistance.

    Senior Litigation Counsel Sean Beaty and Trial Attorneys Matthew C. Hicks and Wilson R. Stamm of the Tax Division and Assistant U.S. Attorney Christopher Clark for the Southern District of Florida are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    September 29, 2024
  • MIL-OSI Security: Adam G. Brief Appointed as Acting U.S. Trustee for Northern Illinois and Wisconsin

    Source: United States Attorneys General 1

    Adam G. Brief has been appointed by Attorney General Merrick B. Garland as the Acting U.S. Trustee for Northern Illinois and Wisconsin (Region 11) effective Sept. 28, the Executive Office for U.S. Trustees announced today. Brief replaces Patrick S. Layng, who is retiring after 36 years of dedicated service to the Justice Department, including the last 14 years as the U.S. Trustee in Region 11. Under 28 U.S.C. § 585(a), the Attorney General may fill U.S. Trustee vacancies by appointing an Acting U.S. Trustee.

    Brief has served as the Assistant U.S. Trustee in charge of the Chicago field office since joining the U.S. Trustee Program in 2015 after 14 years in private practice. Brief’s effective coordination with the U.S. Attorney’s Office for the Northern District of Illinois has contributed to several successful high-profile criminal prosecutions. In addition to being a frequent speaker at legal seminars and conferences, Brief teaches a lawyering skills course at the University of Illinois Chicago Law School. He received his bachelor’s degree in history and political science from Rutgers University Livingston College and his law degree from Seton Hall University. After law school, Brief was a term law clerk for Judge Stephen Stripp of the U.S. Bankruptcy Court for the District of New Jersey. For six years before joining the USTP, while still in private practice, he served as an investigator appointed by the Supreme Court of New Jersey to a district ethics committee.

    The USTP’s mission is to promote the integrity and efficiency of the bankruptcy system for the benefit of all stakeholders – debtors, creditors and the public. The USTP consists of 21 regions with 89 field offices nationwide and an Executive Office in Washington, D.C. Learn more about the USTP at www.justice.gov/ust. 

    MIL Security OSI –

    September 29, 2024
  • MIL-OSI Security: Two Bucks County Men Convicted at Trial in Connection with Multiple Fraud Schemes

    Source: Federal Bureau of Investigation FBI Crime News (b)

    PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Alan Kane, 59, of Jamison, Pennsylvania, and Derrell Johnson, 42, of Bensalem, Pa., were convicted Friday at trial for their actions linked to multiple fraud schemes.

    A federal jury convicted Kane, an attorney, on two counts of bankruptcy fraud, one count of filing a false claim in a bankruptcy proceeding, and one count of making a false statement to the FBI.

    Johnson was convicted on two counts of making a false statement to the FBI.

    In January of this year, they and codefendant Jonathan Barger, 55, of Huntingdon Valley, Pa., the owner of a local plating company, were charged in a 12-count indictment that laid out three different fraud schemes: (1) a scheme to steal a house from a dead man’s family; (2) a scheme to defraud the City of Philadelphia out of property taxes that were due on the stolen house; and (3) a scheme to defraud Barger’s creditors through bankruptcy. Barger was implicated in all three schemes and pleaded guilty in June to all counts with which he was charged.

    In a suit filed by the family to get their house back, Kane represented the party who had stolen the house, Joseph Ruggiero[1], and made repeated false statements supporting Ruggiero’s claim to good title, despite knowing that the deeds transferring the property away from the family were fraudulent. Kane also filed a false counterclaim against the family, claiming Barger’s company was entitled to more than $133,000 for work purportedly done to improve the house after it had been stolen.

    After claiming in the state court suit that Ruggiero had good title to the house, Kane represented Ruggiero before the Social Security Administration and represented that Ruggiero did not own the house because the deeds were fraudulent. This was done to ensure Ruggiero would still receive SSI benefits.

    Kane next filed a bankruptcy for Ruggiero, in which they claimed that Ruggiero had valid title to the house. The bankruptcy served to stay the family’s state court suit and prevent them from winning back the house. Kane then filed a false claim against Ruggiero in the bankruptcy, on behalf of Barger’s company, in an effort to steal some of the equity in the house for Barger in the event that Ruggiero lost the house to the family.

    Johnson had helped with the preparation and filing of two fraudulent deeds used to steal the house, and also helped with the filing of a false claim with the City of Philadelphia to avoid a large tax bill that was due on the house. Johnson was paid with two checks for his services in helping steal the house and the tax avoidance scam. When Johnson was interviewed by the FBI, he lied, claiming that he didn’t recognize the fraudulent deeds and had nothing to do with the theft of the house. He also claimed the two checks he received were really meant to provide payment to another person.

    Kane and Johnson are scheduled to be sentenced on January 28, 2025. Kane faces a maximum possible sentence of 20 years in prison, three years of supervised release, a $1 million fine, and a $400 special assessment, and Johnson faces a maximum possible sentence of 10 years in prison, three years of supervised release, a $500,000 fine, and $200 special assessment.

    “The fraud schemes in which the defendants were involved differed in their details,” said U.S. Attorney Romero. “But they shared a common goal: scheming, cheating, and lying for illicit financial gain — be it at the expense of a family, a city, or a creditor. We will continue to hold accountable those involved in misappropriating money like this or caught lying to the FBI.”

    “White collar crimes, such as bankruptcy fraud, erode confidence in our financial systems,” said Wayne A. Jacobs, Special Agent in Charge of FBI Philadelphia. “The FBI and our partners remain committed to protecting the integrity of our financial institutions and bringing to justice those who seek to deceive and defraud the public through devious financial schemes.”

    The case was investigated by the FBI and is being prosecuted by Assistant United States Attorney Mark Dubnoff and Special Assistant United States Attorney Hannah McCollum.
     


    [1] Mr. Ruggiero died in June 2020.

    MIL Security OSI –

    September 29, 2024
  • MIL-OSI: Form 8.3 – Balanced Commercial Property Trust Limited

    Source: GlobeNewswire (MIL-OSI)

    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: Rathbones Group Plc
    (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.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Balanced Commercial Property Trust Limited
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    23/09/2024
    (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”
    No

    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 Ord
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 20,555,371 2.93%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    20,555,371 2.93%    

    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
    1p Ordinary shares Sale 10,600 95.029p
    1p Ordinary shares Sale 4,000 95.0499p

    (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
             

    I        Stock-settled derivative transactions (including options)

          (e)      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)
    1p Ordinary shares Transfer in 6,057  

    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: 24/09/2024
    Contact name: Chinwe Enyi – Compliance Department
    Telephone number: 0151 243 7053

    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.

    The Code can be viewed on the Panel’s website at.

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Form 8.3 – Keywords Studios Plc

    Source: GlobeNewswire (MIL-OSI)

    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: Rathbones Group Plc
    (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.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Keywords Studios PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    23/09/2024
    (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”
    No

    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 Shares
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,426,222 1.77%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    1,426,222 1.77%    

    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
    1p Ordinary Shares Sale 1,469 2428.0002p
    1p Ordinary Shares Sale 127 2428.72p

    (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
             

    (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: 24/09/2024
    Contact name: Chinwe Enyi – Compliance department
    Telephone number: 0151 243 7053

    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.

    The Code can be viewed on the Panel’s website at.

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Form 8.3 – Rightmove Plc

    Source: GlobeNewswire (MIL-OSI)

    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: Rathbones Group Plc
    (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.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Rightmove plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    23/09/2024
    (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”
    No

    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: 0.1p Ord
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 13,123,371 1.66%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    13,123,371 1.66%    

    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
    0.1p Ordinary Shares Sale 240 685.1204p

    (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
             

    (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)
    0.1p Ordinary Shares Transfer out 2,400  
    0.1p Ordinary Shares Internal transfer from Execution-Only to Discretionary account 6,500  

    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: 24/09/2024
    Contact name: Chinwe Enyi – Compliance Department
    Telephone number: 0151 243 7053

    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.

    The Code can be viewed on the Panel’s website at.

    The MIL Network –

    September 29, 2024
  • MIL-OSI: Davidson Kempner Capital Management LP : Form 8.3 – International Paper Company

    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: Davidson Kempner Capital Management LP
    (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.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    International Paper Company
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    23/09/2024
    (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”
    Yes, Smith (DS) plc

    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:  
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 310,000 0.09 2,361,199 0.68
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    310,000 0.09 2,361,199 0.68

    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
    Common Stock Purchase 3,646 USD 48.4018
    Common Stock Purchase 3,114 USD 48.4156
    Common Stock Purchase 100 USD 48.4400
    Common Stock Purchase 501 USD 48.5096
    Common Stock Purchase 53 USD 48.3150
    Common Stock Purchase 2,586 USD 48.3939

    (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

    (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: 24/09/2024
    Contact name: Alex McMillan
    Telephone number: 646 282 5805

    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.

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

    The MIL Network –

    September 29, 2024
  • MIL-OSI USA: NEWS: Sanders Releases New Report, PBMs Welcome Lower List Prices for Ozempic and Wegovy

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    WASHINGTON, Sept. 24 – Sen. Bernie Sanders (I-Vt.), Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, today released a new report uncovering how Novo Nordisk, as one health insurance plan described it, is using its “position of power” to “squeeze” plans, and “boost its corporate profits.”
    “Today, Novo Nordisk charges Americans with Type 2 diabetes $969 a month for Ozempic, while this same exact drug can be purchased for just $59 in Germany, $71 in France, $122 in Denmark, and $155 in Canada,” said Sanders. “There is only one reason they can justify charging Americans such outrageous prices for the drugs they need: Excessive corporate greed.”
    Novo Nordisk claims that PBMs and health insurance plans are the reason for high prices for Ozempic and Wegovy, and previously stated that PBMs failed to assure the company that its products would maintain formulary access if it lowered its list prices.
    Today, three major PBMs that help determine drug coverage for most of the nation – Cigna Group/Express Scripts, CVS Health/Caremark, UnitedHealth Group/Optum Rx – confirmed to Chair Sanders that a list price reduction would not negatively impact formulary placement for Ozempic and Wegovy, and affirmed that lower list prices would, in fact, make the drugs more widely available to patients in need.
    Cigna/Express Scripts said: “No, if Novo Nordisk lowered their list price for Ozempic and Wegovy tomorrow to a price that was the same or lower than current net cost, that change by itself would not result in less favorable formulary placement.” To support this claim, the company provided an example: It did not disfavor a competing weight-loss product, Eli Lilly’s Zepbound, even as it launched at a list price 20% lower than Wegovy.
    UnitedHealthGroup/Optum Rx said: “No. Assuming the net price remains the same or lower, lowering a medicine’s list price would not lead to less favorable formulary placement by Optum Rx – particularly for high-demand drugs like Ozempic and Wegovy.
    CVS Health/Caremark said: “The simple answer is no. In fact, we can point to recent history as a proof point. When Novo-Nordisk drastically reduced the price of their insulin, Novolog, in 2023, it did not result in a less favorable formulary placement with Caremark.”
    Novo Nordisk has also justified its astronomical prices by arguing a need to fund future research and development.
    However, since launching Ozempic in 2018, Novo Nordisk has spent twice as much on stock buybacks and dividends ($44 billion) as it has on research and development ($21 billion), according to financial filings.
    Novo Nordisk has also lavished cash and perks on health care providers, sending doctors on trips to Alaska, Hawaii, and Florida and paying for nearly 1.7 million meals and snacks to doctors to promote Ozempic and Wegovy, federal records show.
    The report can be read here.

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Welch Introduces LOCAL Foods Act to Better Support Rural Producers and Communities

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) led Senators Bernie Sanders (I-Vt.) and Cory Booker (D-N.J.) in introducing the Livestock Owned by Communities to Advance Local (LOCAL) Foods Act, legislation to update the Federal Meat Inspection Act of 1906’s (FMIA) ‘Personal-Use Exemption’to better support small-scale meat producers in rural communities. The LOCAL Foods Act would codify current USDA guidance on Personal-Use and Custom Exemptions, allowing consumers to buy live animals from producers and designate agents to handle the slaughter and processing of their meat. 
    The Federal Meat Inspection Act requires all meat in the United States to be inspected by the U.S. Department of Agriculture (USDA). However, the small number of USDA-inspected slaughterhouses creates bottlenecks for producers, especially small-scale producers that have to compete for slaughterhouse time with much larger operations. To address this, the LOCAL Foods Act will amend Personal-Use and Custom Exemptions to allow producers to sell a live animal to a consumer. The consumer will then have the freedom to either hire someone or slaughter and process the meat themselves, helping farmers to avoid bottlenecks to continue providing their communities with locally sourced food. 
    “For generations, Vermonters have depended on their neighbors for locally-grown produce and farm-fresh meat. However, regulations tailored toward large-scale farms have made it harder for smaller farms to sell in their own communities. Keeping our small-scale producers competitive means cutting through red tape to help them compete with companies that have massive operations,” said Senator Welch. “This bill will update federal guidelines to better support Vermont-sized producers, keep our food local, and strengthen our food systems.” 
    In 2013, Vermont adopted an on-farm slaughter law similar to the Food Safety and Inspection Service’s guidelines to allow owners to slaughter their livestock on the farm where it was raised while upholding food safety standards. This law helps reduce costs and emissions from animal transport, alleviate pressure on backlogged slaughterhouses, increase farm viability, and improve animal welfare and food security. However, USDA retains the authority to eliminate Vermont’s on-farm slaughter inspection program if the state fails to meet federal standards. 
    In 2018, the USDA Food Safety and Inspection Service issued updated guidelines to create an avenue for producers to sell their produce locally and without an inspection. This guidance gives livestock owners the option to slaughter livestock themselves, or have an agent slaughter their livestock on the farm where it was raised. This change also allows producers to sell a live animal to a consumer, have it slaughtered on the farm, and then processed at a custom processing facility. Custom processing facilities are inspected periodically, in contrast to round-the-clock inspectors that are present at USDA-certified facilities. 
    The LOCAL Foods Act is endorsed by the Farm Action Fund, Farmers and Ranchers Freedom Alliance, Farm-to-Consumer Defense Fund, Kentucky Black Farmers Association, National Family Farm Coalition, and Rural Vermont. 
    “Updating the personal-use exemption to be based on ownership aligns with current USDA standards and is needed to protect the rights of livestock owners, producers, and itinerant slaughterers to practice on-farm slaughter in accordance with their state regulations,” said Caroline Sherman-Gordon, small farmer and Rural Vermont’s Legislative Director. “Protecting farmers from subjective interpretations of the personal-use exception will protect farmers from unfair sanctions and give the security they need to grow their business.” 
    “The LOCAL Foods Act will reduce both financial and regulatory burdens on small farmers and thereby improve consumers’ access to local foods,” said Judith McGeary, regenerative farmer, lawyer, and Executive Director of the Farmers and Ranchers Freedom Alliance. “So many consumers want to buy from local farmers instead of massive corporations, but the farmers are blocked by regulations written by and for Agribusiness.” 
    “Modernizing the personal-use exception reflects the realities of diverse communities demanding access to local food that honor their traditions,” said Kenya Abraham, member of the Kentucky Black Farmers Association. “We are observing a growing demand to access local producers like me, but we need legislation that gives us an incentive to continue our operations.” 
    “The LOCAL Foods Act protects the rights of farmers and consumers to engage in direct commerce by increasing small livestock farmers’ ability to expand their business, and by allowing consumers to buy meat from local farms instead of industrial meat providers, should they so choose. Essentially, it protects the rights of farmers to sell the products of the farm and the rights of consumers to access the foods of their choice from the source of their choice, achieving the kind of food freedom so many demand for themselves, their families, and their communities,” said Christine Dzujna, Farm-to-Consumer Defense Fund’s Policy Manager. 
    “Securing the independence of farmers and consumers is key to building a healthy food system in the Country,” said Antonio Tovar, Senior Policy Associate at the National Family Farm Coalition. “The fact that consumers are effectively forced to access their food from corporations has made us vulnerable to a weak and unreliable market. The LOCAL Foods Act offers a real opportunity to start building food sovereignty.” 
    Learn more about the LOCAL Foods Act. 
    Read the full text of the bill. 

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Global: War affects girls and boys differently: what we found in our study of children in the DRC

    Source: The Conversation – Africa – By Roos van der Haer, Assistant professor of International Relations at the Institute of Political Science, Leiden University

    War has become a regular part of life for many children. Millions are victims and witnesses to the horrors of war. Recent estimates by researchers at the Peace Research Institute Oslo show that one in six children globally lives in a conflict zone, and Africa has the highest number of conflict-affected children.

    Many children are forced to become child soldiers. In other cases, such as during the 1994 genocide in Rwanda, violence is aimed at children.

    In recent years, researchers from various fields have been studying the impact on children of growing up in war zones. Psychologists, for example, have been researching how conflict affects children’s mental health and behaviour. Economists have examined, among other issues, how growing up in these environments can limit future earning capabilitites. Other scholars have investigated how war shapes the long-term (political) attitudes of these children.

    Despite this growing body of research, we – a group of researchers who look into the causes and consequences of armed conflict for children – spotted two key gaps.




    Read more:
    Why some rebel groups force kids to fight: it depends on how they are funded


    First, much of the literature treats children’s experiences as if they were the same across different contexts. Few studies have considered the distinct experiences of girls as soldiers or how these differ from boys’ experiences.

    Second, while some research does explore these gender differences, it often focuses only on what happens during the conflict. It doesn’t consider how these experiences affect social relationships when the conflict ends. This is despite scholars and policymakers highlighting that girls’ experiences in war are fundamentally different from those of boys due to their different status and role in society.

    To address these gaps, we conducted an exploratory study from 2018 to 2019 on the experiences of boys and girls during conflict in the Democratic Republic of Congo (DRC). We studied how these gendered experiences might have affected their social relationships after the war. We interviewed 315 children aged between 12 and 18, with different levels of exposure to conflict. This included 186 respondents who had been involved in armed groups.

    Our recently published analysis revealed, as expected, that many children had witnessed or experienced various conflict-related events during their life-time. Most children reported seeing homes and property destroyed, and many had witnessed people being beaten or tortured by armed forces. Fewer children reported being sexually assaulted or raped or injured by weapons such as gunshots or stabbings, though sadly these were not rare occurrences either.

    We found that boys were generally more exposed to conflict than girls. This difference is largely due to boys being more involved with armed groups and more likely to perpetrate violence.

    These experiences of conflict can have lasting effects on children’s relationships with their families, friends, teachers and other important social groups. These connections are crucial for a child’s development and wellbeing.

    The differences between how boys and girls are affected are important considerations in building appropriate and effective psychosocial support programmes, with tools that address gender-specific needs in conflict or post-conflict situations.

    The study

    We gathered information from 315 structured interviews with Congolese children. Some of these boys and girls had been actively involved with armed groups in the eastern provinces of the DRC, while others had less direct exposure to the conflict.

    Conflict and human rights violations are widespread in the DRC. World Vision has called the decades-long conflict in the country “one of the worst child protection crises in the world”. Further, in a recent UN report on children and armed conflict, 3,377 verified grave violations against children in the DRC were identified. Of these, 46% involved the recruitment of children – some as young as five – by armed forces or groups.

    To examine how the armed conflict has affected Congolese boys and girls, we collected data between 2018 and 2019 in the South Kivu province of eastern DRC. We selected our participants with the help and consent of five local child protective organisations.

    Our analysis first explored what the boys and girls had experienced during conflict. Then we associated these gendered experiences with differences in social behaviour. We looked at whether there were gender differences in the children’s key relationships with family, friends (and other social groups) and their teachers.




    Read more:
    War devastates the lives of children: what the research tells us, and what can be done


    First, we found that war disrupted the family’s ability to provide safety and security, and both children and their caregivers might suffer from the emotional and psychological toll of the conflict. Our study found that girls tended to have a stronger relationship with their family and caretakers compared to boys after conflict. This aligns with previous research suggesting boys may face more challenges in maintaining family relationships. This is particularly the case for those that were active as child soldiers.

    Second, our analysis found that boys tended to have more diverse friendship networks than girls, even when comparing former boy soldiers to girl soldiers. Friendships are vital for a child’s wellbeing. Strong and diverse friendships are linked to better mental health, tolerance and understanding.

    Lastly, we looked at how gender and war experiences might affect relationships between students and teachers. Armed conflict can have devastating effects on the educational attainment of children. Education, however, supports war-affected children and adolescents in several important ways. Structured school rules, regulations and activities establish a sense of normality, which is crucial to the healing process and wellbeing of children. Overall, the children interviewed had a very positive view of their schools or training programmes. They felt safe, enjoyed spending time with their classmates and viewed their teachers as helpful and caring. However, girls – especially former girl soldiers – were significantly more likely than boys to report that their teachers were sympathetic and supportive.

    Why the findings matter

    Our research is one of the first to highlight significant differences in how boys and girls experience war, and how these experiences shape their social relationships.

    Addressing the differences in the needs of boys and girls after conflict not only improves their wellbeing, but is also likely to positively affect entire households, post-conflict regions and post-conflict countries. While our study sheds light on these differences, more research is needed to understand them in greater depth and, most importantly, to explain why they occur.

    Are these differences the result of psychological trauma, behavioural changes, or specific events that happened before or during the conflict? Moreover, we know very little about the long-term effects of war exposure – do these differences fade over time, or do they persist? And how can communities play a role in helping children to overcome these challenges? Do we also observe these differences in other conflicts at other periods?

    Understanding these differences is key for policymakers working to develop effective support programmes. Developing and increasing the availability of gender-responsive approaches can help strengthen the resilience of children after conflict. It may also work to strengthen their agency and resilience before conflict.

    We would like to thank the Gerda Henkel Stiftung for their extensive support of this research.

    Kathleen J. Brown 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. War affects girls and boys differently: what we found in our study of children in the DRC – https://theconversation.com/war-affects-girls-and-boys-differently-what-we-found-in-our-study-of-children-in-the-drc-238789

    MIL OSI – Global Reports –

    September 29, 2024
  • MIL-OSI United Kingdom: Aberdeen to host Great British Energy HQ in UK-wide clean energy drive

    Source: United Kingdom – Executive Government & Departments

    Great British Energy will be headquartered in Aberdeen, with 2 smaller sites in Edinburgh and Glasgow.

    • Prime Minister confirms Great British Energy will be headquartered in Aberdeen, a world-leader in engineering and infrastructure
    • Edinburgh and Glasgow will host 2 smaller sites, maximising skills and expertise across Scotland
    • the move will kickstart plans for the new publicly-owned company to drive investment in clean home-grown energy, creating jobs and supporting growth across the UK

    Aberdeen has today (24 September) been named the new home of Great British Energy, drawing on the city’s world-leading engineering expertise to kickstart a UK-wide clean energy revolution.

    As the location of the new headquarters, Aberdeen will be at the heart of the company’s plans to scale up clean homegrown power to boost energy independence, create skilled jobs across the UK and to support economic growth.

    Two additional sites will open in Edinburgh and Glasgow, once Great British Energy is up and running, to benefit from local skills and expertise. The company will be initially located in government buildings across the cities, while permanent bases are established.

    This marks the next step to kickstart Great British Energy, as part of its mission to become a clean energy superpower. An interim Chief Executive will soon to be appointed to take the lead on launching the new company and building its Aberdeen base – along with the start-up Chair Juergen Maier, former CEO of Siemens UK.

    Within the first weeks of the new government, Energy Secretary Ed Miliband took immediate action to introduce the Great British Energy Bill to Parliament and – along with the Prime Minister – confirm a new partnership with The Crown Estate, to help accelerate new offshore wind farms. The company – owned by the British people, for the British people – will attract private investment in the UK’s clean homegrown power, backed by £8.3 billion in government funding over this Parliament.

    The move forms part of the government’s plans to support clean energy in the North Sea, ensuring Aberdeen continues to thrive as Scotland’s clean energy capital. The government recently announced the biggest ever investment in offshore wind and continues to progress technologies like carbon capture and storage and hydrogen – as well as ensuring that oil and gas is used for decades to come as part of a fair and balanced transition away from fossil fuels.

    Notes to editors

    On 25 July, Department for Energy Security and Net Zero published the founding statement for Great British Energy.

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    Updates to this page

    Published 24 September 2024

    MIL OSI United Kingdom –

    September 29, 2024
  • MIL-OSI Russia: High-Level Retreat in New Hampshire as part of Bretton Woods at 80 Initiative

    MIL OSI Translation. Region: Russian Federation –

    Source: IMF – News in English

    September 24, 2024

    WASHINGTON – As part of the previously announced Bretton Woods at 80 Initiative, the IMF and the World Bank Group are hosting a high-level retreat at Bretton Woods, New Hampshire, on September 26‒27, 2024.

    This two-day Chatham House Rules event will bring together a small and diverse group of global thinkers—including individuals prominent in the fields of history, international relations, political science, finance, and business—at the location of the 1944 United Nations Monetary and Financial Conference (the “Bretton Woods Conference”).

    The three External Advisors to the Bretton Woods at 80 Initiative, Patrick Achi, Sri Mulyani Indrawati, and Mark Malloch-Brown, will help guide the discussions.

    Senior management and staff from both the Bank and the Fund will be in attendance, including President Ajay Banga and Managing Director Kristalina Georgieva.

    The purpose of the retreat is to facilitate a discussion on the shape of the world economy 20‒30 years from now, how multilateralism may evolve, and how the Bank and Fund can best continue to support stability and progress on a livable planet.

    This retreat is part of an ongoing series of consultations with IMF and World Bank stakeholders that will continue to be led by the External Advisors at events and engagements over the coming months.

     

     

    Contacts:

    For the IMF: Pavis Devahasadin,media@imf.org

    For the World Bank: David M. Theis,dteis@worldbankgroup.org

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: 1 202 623-7100 Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/09/23/pr24341-high-level-retreat-in-new-hampshire-as-part-of-bretton-woods-at-80- initiative

    MIL OSI

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

    MIL OSI Russia News –

    September 29, 2024
  • MIL-OSI Canada: Minister Ferrada attends the G20 Tourism Ministers’ Meeting in Belém, Brazil

    Source: Government of Canada News

    As the main forum for cooperation among the world’s leading economies, the Group of 20 (G20) plays an important role in global governance, deepening cooperation between nations to address major global challenges.

    September 24, 2024 – Belém, Brazil

    As the main forum for cooperation among the world’s leading economies, the Group of 20 (G20) plays an important role in global governance, deepening cooperation between nations to address major global challenges. This includes a ministerial meeting that brings together tourism ministers from the G20 and other key nations.

    The Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec, recently concluded Canada’s successful participation in the 2024 G20 Tourism Ministers’ Meeting in Belém, Brazil.

    The G20 Tourism Ministers’ Meeting gives nations a venue to share best practices, foster international collaboration and use tourism to drive economic growth and cultural understanding. The fight against climate change was a major focus of this year’s meeting. Minister Ferrada shared Canada’s perspectives on climate change—from warm winters to wildfires—as an existential threat to tourism. The Minister also took part in extensive discussions on tourism sustainability and workforce challenges, like training and recruitment.

    Minister Ferrada also represented Canada during several other important activities surrounding the ministerial meeting. She participated in the World Travel & Tourism Council’s public-private sector dialogue, where participants shared their priorities and concerns and identified opportunities for mutual support and greater public-private partnership. Minister Ferrada spoke on behalf of Canada at the UN Tourism sustainability forum, which explored how nations can work together to build an inclusive and sustainable global tourism industry. Finally, the Minister held bilateral meetings with key allies and partners, including the United States, Japan, Germany and Italy.

    Alexander Cohen
    Director of Communications
    Office of the Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec
    alexander.cohen@ised-isde.gc.ca

    Media Relations
    Innovation, Science and Economic Development Canada
    media@ised-isde.gc.ca

    For easy access to government programs for businesses, download the Canada Business app.

    MIL OSI Canada News –

    September 29, 2024
  • MIL-OSI USA: Arrington Introduces Legislation to Counter Unfair Foreign Trade Practices

    Source: United States House of Representatives – Congressman Jodey Arrington (TX-19)

    Washington, D.C. – House Budget Committee Chairman Jodey Arrington (TX-19) introduced H.R. 9724 – the Axing Nonmarket Tariff Evasion (ANTE) Act – legislation to defend the American economy from nonmarket entities using third countries to avoid U.S. trade enforcement.

    “For far too long, adversaries like China have cheated the American economy and cost the U.S. millions of jobs by utilizing unfair trade practices. President Trump took decisive action to curb this, but more still needs to be done,” said Chairman Arrington. “The Axing Non-Market Tariff Evasion (ANTE) Act would proactively stop foreign, state-owned businesses from using third countries as a backdoor to evade U.S. tariffs and bolster the American economy in the process.”

    “We appreciate Rep. Arrington’s leadership in introducing the Axing Non-Market Tariff Evasion Act. A strong domestic steel industry is necessary to support any of our country’s goals. China’s unfair trade practices are the number one threat to robust domestic production,” said Philip K. Bell, President, Steel Manufacturers Association. “Due to China’s Belt and Road Initiative, our members constantly play Whac-A-Mole attempting to combat dumping and trade cheating, as China moves production around the globe whenever the U.S. implements any action to level the playing field. This legislation provides our government tools to be more proactive in their fight against unfair trade practices. We look forward to working with you and your colleagues to support American workers and ensure our government can rapidly react to constantly evolving threats to our economy.” 

    “Chinese companies have become experts at tariff evasion, finding ways around U.S. tariffs in place to support manufacturing in America,” said James Warren, Forging Industry Association. “The Axing Nonmarket Tariff Evasion (ANTE) Act will proactively target tariff evasion as China uses third-party countries to undermine American manufacturing. It is time our manufacturers stop playing defense, this bill will proactively give policymakers the tools they need to strengthen the manufacturing industrial base.” 

    Background:

    • Highly subsidized state-owned enterprises like SAIC Motor controlled by non-market economies like China are setting up operations in other countries not subject to trade enforcement tariffs to export to the United States and avoid duties. This tariff evasion threatens American businesses, which risk losing market demand to entities that don’t play by the rules. 
    • While the U.S. has trade enforcement tools that address unfair nonmarket practices, there’s no trade law that addresses tariff evasion in a proactive and targeted manner. The Axing Non-Market Tariff Evasion (ANTE) Act would fill this void by amending Section 301 of the Trade Act of 1974 to require the U.S. International Trade Commission (USITC) to investigate whether a planned investment from a nonmarket economy, subject to Section 301 tariffs, into a third country, not subject to Section 301 tariffs, is being established to export to the U.S. and evade these tariffs.
    • If USITC determines that tariff evasion is occurring, it must notify the Office of the U.S. Trade Representative (USTR) or Congress, which have the ability to apply the Section 301 tariff on the nonmarket economy to the specific third country investment, even before the investment goes into operation.
    • The ANTE Act would allow the U.S. to proactively prevent nonmarket entities from using investments in third countries as a backdoor to avoid U.S. trade enforcement and defend American businesses against bad actors that seek to evade U.S. law.

    Broad Support:

    • In addition to the Steel Manufacturers Association and the Forging Industry Association, the following groups have endorsed Rep. Arrington’s ANTE Act:
      • National Council of Textile Organizations
      • National Tooling and Machining Association
      • American Mold Builders Association
      • Precision Metalforming Association

    ###

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: ICYMI: Latta, ClearPath Op-Ed on the Importance of Investing in Domestic Nuclear Energy Production

    Source: United States House of Representatives – Congressman Bob Latta (R-Bowling Green Ohio)

    Congressman Bob Latta (R-OH5) and ClearPath CEO Jeremy Harrell penned a joint op-ed in the Washington Examiner outlining the importance of investing in domestic nuclear energy production.

    Read an excerpt of the op-ed below, or click here to read the piece in its entirety.

    “The United States is at the crossroads of its energy future. Homeowners and business owners are struggling to keep up with increased energy bills, and power companies are trying to provide enough baseload energy to heat, cool, and light homes while fueling the rise of artificial intelligence and data centers.

    “There’s no question that to meet Americans’ growing energy demands, the U.S. must invest in reliable, affordable, and clean energy. The solution lies with an all-of-the-above strategy that includes all forms of energy generation, including fossil fuels, renewables, and, most importantly, nuclear power…”

    “…As leaders working toward energy solutions, we strongly believe that America must lead the world in nuclear energy development. We refuse to sit back and cede energy leadership to other nations, which is why we will continue working together to invest in nuclear energy to establish U.S. energy dominance.”

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Biden-Harris Administration Announces First CHIPS Commercial Fabrication Facilities Award with Polar Semiconductor, Establishing Independent American Foundry

    Source: US Government research organizations

    Media Contact: Madeline Broas, madeline.broas [at] chips.gov (madeline[dot]broas[at]chips[dot]gov). 

    Today, as part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Commerce announced its first award under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities of up to $123 million in direct funding to Polar Semiconductor (Polar). The award follows the previously signed preliminary memorandum of terms and the completion of the Department’s due diligence. The award will expand and modernize the company’s manufacturing facility in Bloomington, Minnesota. The Department will distribute the funds based on Polar’s completion of project milestones.

    “Semiconductors – those tiny chips smaller than the tip of your finger – power everything from smartphones to cars to satellites and weapons systems. I signed the CHIPS and Science Act to revitalize American leadership in semiconductors, strengthen our supply chains, protect our national security, and advance American competitiveness. And over the last three and a half years, we have done just that, catalyzing over $400 billion in private sector investments in semiconductors and electronics that are creating over 115,000 construction and manufacturing jobs. This year alone, the United States is on pace to see more investment in electronics manufacturing construction than it did over the last 24 years combined,” said President Joe Biden. “Today’s announcement that the Department of Commerce has finalized the first commercial CHIPS Incentives award with Polar Semiconductor marks the next phase of the implementation of the CHIPS and Science Act, and demonstrates how we continue to deliver on the Investing in America agenda. Polar’s new facility will also be completed under a Project Labor Agreement to support its construction workforce, creating good-quality union jobs in Bloomington, Minnesota. Today’s announcement is just one of the many ways our Investing in America agenda is reshoring U.S. manufacturing, investing in workers and communities across the country, and advancing America’s leadership in the technologies of tomorrow.”

    “Today represents an important milestone in the implementation of the historic CHIPS and Science Act as we announce the first award agreement with Polar,” said U.S. Secretary of Commerce Gina Raimondo. “The Biden-Harris Administration’s investment in Polar will create a new U.S.-owned foundry for sensor and power semiconductors and modernize and expand Polar’s facilities in Minnesota, strengthening our national and economic security, bolstering our supply chains, and creating quality jobs.”

    The Biden-Harris Administration’s investment will support Polar’s efforts to almost double its U.S. production capacity of sensor and power chips within two years. This award catalyzes a total investment of more than $525 million from private, state, and federal sources to transform Polar from a majority foreign-owned in-house manufacturer to a majority U.S.-owned commercial foundry. Through Polar’s semiconductor manufacturing operations, the Administration’s investment is expected to create over 160 manufacturing and construction jobs in Minnesota.

    For more information about Polar’s award, please visit the CHIPS for America website.

    “The Biden-Harris Administration’s investment into Polar marks the first award, of many to come, into communities across our nation to regain our lead in semiconductor manufacturing,” said Lael Brainard, National Economic Advisor.

    “Polar and its employees are excited to embark on our transformative project. We welcome new customers and partnerships, and as a domestic U.S.-owned sensor and advanced power semiconductor merchant foundry, we will support technology and design innovation, protect intellectual property, facilitate onshoring and technology transfers, and provide efficient low- to high-volume manufacturing with world-class quality,” said Surya Iyer, President and Chief Operating Officer of Polar Semiconductor. “Through our collaborative and sustained workforce development efforts, we expect to support customers with highly skilled employees today and into the future. We are pleased to close on the significant equity investment from Niobrara Capital and Prysm Capital, and we extend our sincere thanks to our partners at the U.S. Department of Commerce, the State of Minnesota, and the City of Bloomington for their support of the future of American semiconductor manufacturing.”

    The purpose of the Award Phase is to finalize comprehensive due diligence and negotiate the final award documents. As stated in the CHIPS Notice of Funding Opportunity for Commercial Fabrication Facilities, the Department will distribute direct funding based on the completion of project components in connection with both the capital expenditures for the project and production and commercial milestones. The program will track the performance of each CHIPS Incentives Award through financial and programmatic reports, in accordance with the award terms and conditions, to establish a compliance program to monitor that commitments are being upheld.

    About CHIPS for America
    CHIPS for America has allocated more than $35 billion in proposed funding across 16 states and proposed to invest billions more in research and innovation, which is expected to create over 115,000 jobs. Since the beginning of the Biden-Harris Administration, semiconductor and electronics companies have announced over $400 billion in private investments, catalyzed in large part by public investment. CHIPS for America is part of President Biden and Vice President Harris’s economic plan to invest in America, stimulate private sector investment, create good-paying jobs, make more in the United States, and revitalize communities left behind. CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, and the CHIPS Research and Development Office, responsible for R&D programs, that both sit within the National Institute of Standards and Technology (NIST) at the Department of Commerce. Visit https://www.chips.gov to learn more.

    ###

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Owners of Florida Labor-Staffing Companies Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges

    Source: US Justice – Antitrust Division

    Headline: Owners of Florida Labor-Staffing Companies Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges

    Two Ukrainian nationals made their initial appearance yesterday on a superseding indictment returned by a federal grand jury in Miami charging them with crimes related to labor-staffing companies they operated in Florida. The two men were extradited from the Kingdom of Thailand to the United States last week. 

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Translation: Minister Ferrada participates in the G20 Tourism Ministers meeting in Belém, Brazil

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 1

    Press release

    As the primary forum for cooperation among major economies, the Group of Twenty (G20) plays an important role in global governance and strengthening multilateral cooperation to address major global challenges.

    September 24, 2024 – Belém (Brazil)

    As the leading forum for cooperation among major economies, the Group of Twenty (G20) plays an important role in global governance and strengthening multilateral cooperation to address major global challenges. The G20 Summit includes a ministerial meeting attended by tourism ministers from member countries and other key nations.

    The Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec, the Honourable Soraya Martinez Ferrada, recently participated in the successful 2024 G20 Tourism Ministers Meeting in Belém, Brazil.

    Tourism ministers came together to share best practices, foster international collaboration, and drive economic growth and mutual cultural understanding through tourism. This year, addressing climate change was a major topic of discussion. Minister Ferrada shared Canada’s perspective on climate change, from mild winters to wildfires, which pose an existential threat to tourism. She also engaged in in-depth discussions on tourism sustainability and workforce challenges in the sector, including training and recruitment.

    Minister Ferrada represented Canada at several other events on the margins of the ministerial meeting. She notably took part in the World Travel and Tourism Council’s Public-Private Dialogue, where participants discussed priorities and concerns, identified opportunities for mutual support and strengthened public-private partnerships. Minister Ferrada spoke on behalf of Canada at the UN Tourism Sustainability Forum, which discussed how countries can work together to advance inclusive and sustainable tourism globally. Finally, the Minister held bilateral meetings with key partners and allies, including representatives from the United States, Japan, Germany and Italy.

    Quotes

    “Tourism brings people and nations together. This year, at the G20 Tourism Ministers’ Meeting, my counterparts and I reiterated our commitment to making tourism a sustainable and future-proof industry. To achieve this, we must develop tourism in an informed manner while combating climate change. Canada will continue to demonstrate leadership on the world stage and work with all other countries to make tourism a force for good.” – The Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec

    Related links

    Contact persons

    Alexander CohenDirector of CommunicationsOffice of the Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebecalexander.cohen@ised-isde.gc.ca

    Media RelationsInnovation, Science and Economic Development Canadamedia@ised-isde.gc.ca

    Stay Connected

    Follow the Canada Business account on social mediaX (Twitter): @entreprisescan | Facebook: Canada Business | Instagram: @entreprisescdn

    Follow the Ministry on LinkedIn: Innovation, Science and Economic Development Canada.

    For easy access to government programs for businesses, download theCanada Business App.

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

    MIL Translation OSI

    September 29, 2024
  • MIL-OSI: TMT Acquisition Corp Announces Adjournment of Extraordinary General Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, Sept. 24, 2024 (GLOBE NEWSWIRE) — TMT Acquisition Corp (Nasdaq: TMTCU, TMTC, and TMTCR) (the “Company”) announced today that the Company’s Extraordinary General Meeting of Shareholders (the “Extraordinary General Meeting”) was convened on September 24, 2024 at 10:00 a.m. Eastern Time and adjourned in order to solicit additional votes on the matters listed in the notice of extraordinary general meeting and the proxy statement.

    The Extraordinary General Meeting has been adjourned to September 27, 2024 at 11:00 a.m. Eastern Time and will continue to be held virtually.

    Only shareholders of record, as of the record date, August 30, 2024 (the “Record Date”), are entitled to vote at the Extraordinary General Meeting, either in person or by proxy. Proxies previously submitted in respect of the Extraordinary General Meeting will be voted at the adjourned Extraordinary General Meeting unless properly revoked, and shareholders who have previously submitted a proxy or otherwise voted need not take any further action.

    About TMT Acquisition Corp

    TMT Acquisition Corp is a blank check company, also commonly referred to as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. TMT Acquisition Corp is led by Dajiang Guo, Chairman and Chief Executive Officer, and Jichuan Yang, Chief Financial Officer, who are growth-oriented executives with a long track record of value creation across industries.

    Contact:

    Dajiang Guo
    Email: dguo@tmtacquisitioncorp.com
    Tel.: 347-627-0058

    The MIL Network –

    September 29, 2024
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