Source: GlobeNewswire (MIL-OSI)
April 9th, 2025
RCI Banque: ‘’2024 ESEF Annual Financial Report is now available’’
The ‘’2024 Annual Financial Report’’ prepared in XHTML format filed with the AMF on April 4, 2025 is now available on the Mobilize Financial Services website www.mobilize-fs.com
Attachments
Source: US State of California
Why would we help the big banks at the expense of working people?
OAKLAND — California Attorney General Rob Bonta today joined 23 attorneys general in sending a letter to the U.S. House of Representatives urging policymakers to reject an effort to overturn a Consumer Financial Protection Bureau (CFPB) rule that would protect American consumers from predatory overdraft fees. If allowed to take effect, this rule will limit overdraft fees to $5 and will save Americans struggling with high prices billions of dollars each year by preventing the largest banks from exploiting consumers in order to rake in profits. Last month, Attorney General Bonta issued a statement after the Senate voted to overturn this rule.
“High overdraft fees serve no purpose other than to help the wealthy get wealthier, while American families who are already struggling get poorer. Banks aren’t shy about how these fees pad their wallets: a big bank CEO named his yacht Overdraft,” said Attorney General Bonta. “President Trump has promised to make life for Americans affordable — allowing expensive overdraft fees would do the complete and total opposite. Americans are counting on their elected leaders to protect them. My fellow attorneys general and I urge the House, the last line of defense, to protect its constituents’ wallets by voting “no” on the Resolution and preserving the CFPB’s overdraft rule.”
The largest U.S. banks generate billions of dollars in profits by charging burdensome fees whenever customers overdraft their accounts. In 2023, banks generated $5.8 billion in revenue from overdraft fees. These fees average around $35 for each overdraft — and are applied even where the overdraft is minimal. For example, many consumers have reported paying overdraft charges of over $30 after purchasing a $5 cup of coffee. Overdraft fees are effectively extremely high-interest loans. Most overdrafts are less than $26 and are repaid within three days. That means overdraft protection with a typical $35 fee amounts to a loan with a 16,000% APR.
Banks can manipulate the timing of deposits and withdrawals to maximize fees, charging customers even when they have enough money for an approved transaction. By creating significant barriers to maintaining a positive account balance, overdraft fees can contribute to involuntary account closures, thereby driving consumers out of the banking system altogether and damaging their credit.
In submitting today’s letter, Attorney General Bonta joins the attorneys general of New York, Arizona, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Rhode Island, Vermont, Washington, Wisconsin, and the District of Columbia.
Attorney General Bonta has been an outspoken advocate of the CFPB and its essential work protecting for American consumers and their financial future.
A copy of the letter can be found here.
Source: Office of United States Attorneys
SPRINGFIELD, Mo. – A Georgia man was sentenced in federal court for his role in an online romance scam with elderly victims in Missouri, Minnesota, and New Jersey.
Badetito O. Obafemi, 42, was sentenced by U.S. Chief District Judge Beth Phillips to 24 months in federal prison without parole. The court also sentenced Obafemi to three years of supervised release following incarceration and ordered him to pay restitution of $311,520 to the victims of his crime.
On April 18, 2024, Obafemi pleaded guilty to one count of conspiracy to commit money laundering. Obafemi admitted to his participation in a romance scam which targeted victims in Taney County, Mo., Northfield, Minn., and Bergen County, N.J., from June 2016 through at least March 2018.
The perpetrators of the romance scams used online communications to develop relationships with the victims. The scammers then began to request money from the victims for a variety of reasons, including business expenses, medical expenses, travel expenses, and food.
According to court records, the Taney County victim was contacted via Facebook by an individual claiming to be “Kevin Condon” in May 2016. Following several conversations by email, phone, and Facebook, “Condon” convinced the victim to send him money for expenses related to his overseas business project and various medical issues. Conspirators stole a total of $27,460 from the Taney County victim. “Condon” also attempted to convince the victim to deposit $40,000 into an account controlled by Obafemi, purportedly to pay a court in South Africa for his release from jail.
Obafemi conspired with the perpetrators to receive wire transfers from the victims, coordinating the necessary bank account information, the timing of transfers, and the transfer of funds across accounts. Obafemi received funds in his personal accounts as well as those of two businesses, EasyTickets, LLC, and Goeasy Logistics, LLC, which he owned and operated out of his Georgia residence.
This case was prosecuted by Assistant U.S. Attorney Casey Clark. It was investigated by Homeland Security Investigations, the FBI and the Northfield, Minn., Police Department.
Information about the Department of Justice’s Elder Fraud Initiative is available at www.justice.gov/elderjustice. Additional information about the Consumer Protection Branch and its elder fraud enforcement efforts may be found at www.justice.gov/civil/consumer-protection-branch. If you or someone you know is age 60 or older and has been a victim of financial fraud, help is available at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311).
Source: Office of United States Attorneys
Defendant allegedly tricked a Massachusetts resident into wiring more than $2.5 million abroad
BOSTON – A Nigerian national has been charged for his alleged role in allegedly stealing more than $2.5 million from six romance scam victims and transferring their money to cryptocurrency accounts that he controlled.
Charles Uchenna Nwadavid, 34, of Abuja, Nigeria, was arrested on April 7, 2025 after arriving on a flight from the United Kingdom to Dallas-Fort Worth International Airport. In January 2024, a federal grand jury in Boston indicted Nwadavid on charges of mail fraud and money laundering. Nwadavid appeared in federal court in Fort Worth, Texas on April 8, 2025 and was detained pending further proceedings. He will appear in federal court in Boston at a later date.
According to the charging documents, “romance scams” recruit victims through advertisements for online relationships on dating or social media websites. Individuals perpetuating romance scams create fictitious profiles and then use them to gain victims’ trust through a purported romantic relationship. Perpetrators then direct their victims to send money or to conduct financial transactions involving other victims’ money under false pretenses, such as an urgent need for money to secure a multi-million dollar inheritance or to pay for an unexpected hospitalization.
Between in or about 2016 and September 2019, Nwadavid allegedly participated in romance scams that tricked victims into sending money abroad. In an effort to conceal his role as the recipient of the victims’ funds, Nwadavid allegedly used a victim from Massachusetts (Victim 1) to receive funds from five other victims around the United States. Nwadavid then allegedly tricked Victim 1 in to passing her own and the other victims’ money to him through cryptocurrency transactions, and allegedly accessed accounts in Victim 1’s name from overseas, to transfer the victims’ funds to accounts he controlled at LocalBitcoins, an online cryptocurrency platform.
The mail fraud charge provides for a sentence of up to 20 years in prison, three years of supervised release, a fine of up to $250,000 or twice the loss to the victim, restitution and forfeiture. The money laundering charges provide for a sentence of up to 20 years in prison, three years of supervised release, and a fine of up to $500,000 or twice the value of the property involved in the laundering transactions, restitution and forfeiture. The defendant will also be subject to deportation upon completion of any sentence imposed. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.
United States Attorney Leah B. Foley and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney Mackenzie A. Queenin of the Criminal Division is prosecuting the case.
The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
US Senate News:
Source: United States Senator for Maine Angus King
WASHINGTON, D.C. — U.S. Senators Angus King (I-ME) and Peter Welch (D-VT) are introducing legislation to help prevent dangerous and costly falls. The Home Accessibility Tax Credit Act would establish a refundable tax credit for eligible home modifications designed to improve accessibility — saving both Americans with the highest risk of falling, as well as taxpayers, from the high medical costs associated with falls.
“I often say, ‘an ounce of prevention is worth a pound of cure,’ and the cheapest way to treat a broken hip is to prevent it from happening in the first place,” said Senator King. “The Home Accessibility Tax Credit Act is important legislation that would ease the financial burden of accessibility-focused home improvement projects — such as modifying doorways or installing grab bars. This is a commonsense step forward to help save Maine people from the physical danger and financial costs that can result from all-too-common falls.”
“Accessible living spaces can make a big difference when it comes to preventing falls — but making structural changes to a home doesn’t come cheap. We need to do more to meet the needs of aging Vermonters, including helping folks pay for lifesaving home modifications that keep them safe,” said Senator Welch. “I’m proud to partner with Senator King on this legislation to ensure New Englanders can live safely in their homes.”
The tax credit would be equal to 35% of the cost of the qualified home modification, with a cap of $10,000 per taxable year and $30,000 in lifetime limit across all taxable years. The tax credit is targeted toward middle income families and will become phased out in generosity above $400,000 for joint filers and $200,000 for single filers or heads of households.
Eligible home modifications would include zero-step entrances, ramps, widened doors and hallways, modified counters, bathroom accessibility improvements, and the installation, replacement, or modification of appliances to make them more accessible to individuals with a vision impairment. The list of approved modifications could be updated by the Internal Revenue Service (IRS) and Health and Human Services (HHS).
Three groups would be eligible to receive the tax credit:
Individuals 60 and older;
Individuals under retirement age but entitled to social security disability insurance (SSDI), supplemental security income (SSI) or veterans disability compensation; or
Individuals at any age with a disability certification.
As an extension of his longtime focus on prevention efforts, Senator King has been leading the charge in the “Stand Strong” space. He previously introduced a legislative package to encourage proactive home modifications and to increase access to preventative screenings for older Americans to keep them thriving while avoiding costly injuries. The package included the reintroduction of the Preventative Home Visits Act and the WELL Seniors Act to expand Medicare benefits to cover home modifications, ensure the accessibility of telehealth services and include comprehensive screenings during Medicare Annual Wellness Visits.
In 2024-25, Alberta’s government invested a ground-breaking $9.8 million in 81 projects through the Northern and Regional Economic Development (NRED) program, creating new opportunities and strengthening Alberta’s local economies. This investment triples the program’s annual $3-million budget and doubles the number of grants awarded from the previous fiscal year. NRED grants now provide up to $300,000 in funding for projects designed to help businesses, municipalities and organizations expand, communities grow and industries innovate.
Alberta’s government recognizes that regional communities face unique challenges. Workforce shortages, aging infrastructure and barriers to investment attraction can threaten long-term economic opportunity. By investing in northern and regional communities, the government helps build stronger, more resilient communities that contribute to the overall prosperity of the province.
“The NRED program is empowering communities to attract investment, grow economies and create high-value, stable jobs for Albertans. This program unlocks new opportunities for Albertans in every corner of the province, ensuring Alberta remains the best place to live, work, invest and raise a family.”
Through NRED grants, Alberta’s government allows communities to apply for programming that suits their unique needs. Some of the 2024-25 projects funded through the NRED program include:
Alberta’s government has listened to and learned from northern and regional communities who have called for the NRED program to be expanded. Not only did Alberta’s government expand the number of programs receiving NRED grants this year, but some key enhancements were made to make NRED grants more accessible and flexible. Specifically, the application process has been simplified, the maximum funding amount per project was increased by $100,000, the grant amount range was expanded to between $10,000 and $300,000, and grant applicants can now apply for up to three years of funding.
By broadening eligibility and improving access, Alberta’s government is enabling communities to pursue both large-scale economic initiatives and targeted programs that address unique local needs.
“Our government’s investment in the NRED program strengthens local businesses, creates jobs and enhances tourism opportunities across Alberta. This program is making a real difference in communities, especially in northern Alberta, by fostering innovation and economic resilience.”
“Support from the NRED program is helping us lay the foundation for long-term economic success in Fort McMurray Wood Buffalo. It’s enabling us to attract new investment, expand tourism initiatives, and support local businesses that are driving growth and diversification in our region.”
The NRED program is driving long-term growth by investing in local businesses, infrastructure and job creation across Alberta’s regions. This funding empowers communities to thrive, attract investment and build a stronger, more resilient economy for future generations.
Source: GlobeNewswire (MIL-OSI)
Bernin, on April 9, 2025
| INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES FORMING THE SHARE CAPITAL |
(Article L. 233-8 II of the French Commercial Code
and article 223-16 of the General Regulation of the French financial markets authority (AMF))
This declaration cancels and replaces the previous one dated April 4, 2025
Corporate name and address of the company: SOITEC
Parc Technologique des Fontaines – Chemin des Franques
38190 Bernin (FRANCE)
| Statement date | Total number of shares forming the share capital | Total number of voting rights |
| 03/31/2025 | 35,726,462(1) | Number of theoretical (gross) voting rights (2): 45,641,575 |
| Number of exercisable (net) voting rights (3): 45,567,342 |
# # #
About Soitec
Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.
Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.
For more information visit our Website and follow us on LinkedIn and X
# # #
Attachment
Source: GlobeNewswire (MIL-OSI)
PALO ALTO, Calif., April 09, 2025 (GLOBE NEWSWIRE) — NEC X, the Silicon Valley venture studio backed by NEC’s advanced technologies and global businesses, today announced a strategic investment in SeafoodAI, an innovative startup revolutionizing sustainable seafood with real-time biometric data and AI-powered traceability. The announcement coincides with SeafoodAI’s graduation from NEC X’s prestigious Elev X! Ignite program.
CrabScan360 – Automated crab scanning and sorting system for verifiable, traceable harvests
SeafoodAI addresses the seafood industry’s $50 billion in annual losses due to outdated, manual processes that hinder compliance, traceability and efficiency—starting with the crab fisheries sector, valued globally at $11.5 billion. Leveraging AI-powered biometric scanning technology, SeafoodAI’s flagship solution, CrabScan360, automates crab measurement, sorting and data recording, replacing error-prone manual processes. This transformative solution significantly enhances traceability, simplifies regulatory compliance and delivers precise operational insights to stakeholders across the supply chain.
Leading retailers, including Whole Foods, Walmart and Costco, have committed to exclusively selling sustainably certified seafood by 2027 or earlier. SeafoodAI’s innovative approach enables fisheries and processors to achieve verifiable sustainability certifications rapidly, efficiently and at scale, meeting the growing demand for transparent seafood sourcing.
SeafoodAI is revolutionizing seafood sourcing with advanced technology, enhancing sustainability and profitability through real-time data insights and instant verification.
“Seafood sustainability is no longer optional; it’s imperative,” said Rob Terry, CEO and Founder of SeafoodAI. “With CrabScan360, we’re digitizing what was once a manual, labor-intensive process—bringing accuracy, transparency and trust directly to the seafood industry. The strategic investment and technical expertise from NEC X significantly accelerate our ability to drive meaningful change across seafood supply chains.”
NEC X’s Elev X! Ignite program provides early-stage startups with strategic guidance, cutting-edge technology access and business resources to drive innovation. SeafoodAI directly leveraged NEC X’s expertise in image recognition and artificial intelligence, rapidly advancing its technology during the program as part of cohort Batch 9.
“SeafoodAI represents the impactful innovation that NEC X is committed to nurturing,” said Shintaro Matsumoto, CEO of NEC X. “Their biometric scanning technology unlocks new value across seafood supply chains by addressing global challenges with scalable, AI-driven solutions. We’re excited to support SeafoodAI’s journey toward redefining seafood supply chain standards.”
Alongside its new investment from NEC X, SeafoodAI is gaining significant momentum. The company successfully launched a beta of its field scanner, is rapidly advancing its digital logbook and is adapting its scanner for aquaculture in collaboration with the University of Mississippi. A graduate of Techstars’ Water Tech and Sustainability cohort, SeafoodAI is also part of Blue Swell’s Sea Ahead program and is working with partners like Hyperion to enhance its AI-powered seafood scanner for factory automation.
SeafoodAI is actively collaborating with leading certification bodies and seafood industry stakeholders, including Aruna, ASIC and Where Food Comes From, to implement digital verification solutions.
Beyond hardware, SeafoodAI is building a scalable data infrastructure—laying the groundwork for a trusted digital verification marketplace that connects harvesters, processors, regulators and retailers with real-time, actionable data. The startup is also expanding its biometric scanning innovations to additional seafood markets such as tuna, salmon and shrimp. It is in pilot discussions with government agencies and recently won the Open Sphere Startup Awards 2024.
SeafoodAI generates revenue through a hybrid model of hardware sales and recurring SaaS subscriptions, supporting long-term growth across the $12B seafood tech market.
For more information on SeafoodAI and its groundbreaking technology, visit https://seafoodai.com/.
About SeafoodAI
SeafoodAI provides AI-powered tools and technologies that enable a smarter, more connected seafood economy. Its intelligent scanners, sorters, graders, and digital logbooks help producers and processors improve efficiency while seamlessly capturing critical, verifiable data across every stage of the supply chain.
By embedding productivity tools that enhance operations and generate ground-truth insights, SeafoodAI supports real-time traceability, streamlined compliance, and data-driven decision-making from harvest to distribution. The company’s solutions help reduce waste, accelerate sustainability certification, and unlock access to premium markets.
With inefficiencies and data gaps costing the global seafood industry over $50 billion annually, SeafoodAI addresses a major need in an underserved, high-value sector. Its hybrid business model—combining hardware sales or leasing with recurring software subscriptions—positions the company for scalable, defensible growth.
For more information, visit www.seafoodai.com.
About NEC X
NEC X is an innovation powerhouse and curator of disruptive startups backed by the global technology leadership of NEC. Leveraging 125 years of IT and network technologies expertise, NEC X’s startup-focused approach transforms visionary ideas into commercial successes that revolutionize how we work and live. Since its inception in 2018, NEC X has helped launch and grow more than 150 startups.
Their Silicon Valley programs – Elev X! Ignite and Elev X! Boost – equip early-stage startup founders with the tools to fast-track their tech development and adoption. Elev X! fuels startup success from inception to launch, connecting innovators with NEC’s 45,000 patents; global network of partners, mentors and advisors; reach into 55+ international markets; and $8 billion R&D ecosystem.
For more information, visit https://nec-x.com and https://www.elev-x.com.
About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential.
For more information, visit NEC at https://www.nec.com.
NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2025 NEC Corporation.
Media Contact:
Robert Brownlie
Bob Gold & Associates
310-320-2010
necx@bobgoldpr.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a6b250bd-383c-4d49-a37b-ab8ff9ab56cf
https://www.globenewswire.com/NewsRoom/AttachmentNg/448ec661-76f6-42d4-8308-57143f629580
https://www.globenewswire.com/NewsRoom/AttachmentNg/695be8e8-0e5b-43b9-8bd2-132300918d37
https://www.globenewswire.com/NewsRoom/AttachmentNg/8fc9cff2-5636-45ea-abf7-187557ca5630
A video accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/4e9aa436-4ac8-4e5a-96d4-1eed76da5a57
Source: GlobeNewswire (MIL-OSI)
SAN FRANCISCO, April 09, 2025 (GLOBE NEWSWIRE) — Tessell, the leading next-generation multi-cloud database-as-a-service (DBaaS) that enables enterprises and startups to accelerate database, data, and application modernization journeys at scale, today announced its $60 million Series B funding round, bringing total funding to $94 million. The round was led by WestBridge Capital, with continued strong participation from Lightspeed Venture Partners and new investments from B37.vc and Rocketship.vc. This capital will accelerate Tessell’s go-to-market expansion and fuel research and development in AI-powered data management within the evolving enterprise data ecosystem.
“Enterprises today struggle with siloed data and rigid database solutions that are incomplete, lacking performance, resilience, governance, and flexibility,” said Bala Kuchibhotla, Co-Founder and CEO of Tessell. “At Tessell, we are redefining cloud data management by creating a seamless, secure, high-performant AI-driven platform that supports both operational and analytical workloads—powering a true data ecosystem. This funding enables us to scale faster and continue pioneering the future of enterprise data management.”
“We could not be more excited to partner with Tessell to build the next generational data platform,” said Sumir Chadha, Co-founder and Managing Partner at WestBridge Capital. “Prior to Tessell, few companies could challenge incumbents in database management despite their inefficiencies. Now, enterprises are shifting to Tessell for a high-performing and cost-effective solution, spending less time managing their databases and creating more business value.”
Tessell was created to address a fundamental challenge: while cloud adoption has surged, managing enterprise databases in the cloud remains archaic and expensive. Tessell’s fully managed, multi-cloud database platform eliminates these pain points by offering:
“Tessell is solving one of the most pressing challenges today in enterprise cloud adoption: data fragmentation and inefficiency,” said Rishit Desai, Partner at WestBridge Capital. “Their platform brings unprecedented performance, flexibility, and automation to AI-powered database management, helping enterprises unlock the full potential of their data. We’re thrilled to support their next phase of growth.”
Tessell has already built an enterprise-grade cloud database service and data ecosystem with a consumer-grade interface. Now, it is advancing these solutions through AI and Conversational Data Management (CoDaM), allowing enterprises to manage and interact with their data through an intuitive, conversation-grade experience. This funding will accelerate the development of AI-driven capabilities that make data management more accessible, intelligent, and interactive, empowering businesses to seamlessly harness the full potential of their data through natural, AI-powered interactions.
“We are just getting started,” added Kuchibhotla. “This funding marks a major milestone, but it’s only the beginning of our journey. The future of enterprise data management is being rewritten, and we’re excited to be a part of that driving force. We will make it “Conversational”, “Affordable”, and “Prescriptive”, defying CAP theorem for enterprise data management. With AI at the core of our platform, we’re making data more accessible, more powerful, and more intuitive than ever before. The opportunities ahead are limitless, and we can’t wait to continue pushing the boundaries of what’s possible for our customers.”
For more information about Tessell and its DBaaS solutions, visit https://www.tessell.com/.
About Tessell
Tessell is a multi-cloud DBaaS platform redefining enterprise data management with its comprehensive suite of AI-powered database services. By unifying operational and analytical data within a seamless data ecosystem, Tessell enables enterprises to modernize databases, optimize cloud economics, and drive intelligent decision-making at scale. Through AI and Conversational Data Management (CoDaM), Tessell makes data more accessible, interactive, and intuitive, empowering businesses to harness their data’s full potential easily.
About WestBridge Capital
WestBridge Capital is a global investment firm with over $7 billion in assets under management and offices in Silicon Valley, Bangalore, and Mauritius. For over 20 years, WestBridge has partnered with transformative entrepreneurs at every stage across both private and public markets. WestBridge’s long-term investment approach is enabled by the fund’s unique evergreen and crossover structure, allowing for partnerships that span decades. WestBridge has a long-standing track record of leading investments and advising companies as their largest institutional partner. Some notable investments in the US include Innovaccer, Turing, zScaler, and Freshworks. For the full portfolio and more information, visit www.westbridgecap.com.
Media Contact
Len Fernandes
Firecracker PR for Tessell
len@firecrackerpr.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dfb2c0bf-d94c-4cf2-bf5d-4bded68997f0
Source: GlobeNewswire (MIL-OSI)
BILLINGSHURST, WEST SUSSEX, UNITED KINGDOM, April 09, 2025 (GLOBE NEWSWIRE) — Energys Group Limited (NASDAQ: ENGS) (“Energys Group” or the “Company”), a vertically integrated energy efficiency and decarbonization solutions provider for the built environment, today announced that it has entered into a non-binding Memorandum of Understanding (MOU) to acquire a 49% equity interest in Energys Spectrum Limited (the “Target Company”), a Hong Kong-based energy-saving technologies and services provider.
The Target Company specializes in providing end-to-end retrofitting solutions aimed at reducing energy consumption, carbon emissions, and operating costs for both public and private sector clients. As the exclusive licensee of Energys Group in Hong Kong and Macau, the Target Company actively promotes the Energys brand by procuring products and solutions from the Company’s wholly-owned operating subsidiary and recommending them to its clients.
The MOU is non-binding and remains subject to the negotiation and execution of a definitive agreement and customary closing conditions. The consideration for the shares to be purchased by the Company will be determined with reference to the valuation of the shares as determined by a professional valuator to be engaged by the Company, and is subject to negotiation between the parties. Among other conditions, the acquisition of the shares is contingent on (i) the Company and the Target Company having agreed on the purchase price for the shares; and (ii) the Company being satisfied with the results of its due diligence review of the Target Company’s financial position and business condition.
The Company has paid a refundable deposit of US$5.5 million, which will be applied towards the purchase price of the shares, unless it is forfeited due to the Company not having fulfilled its obligations under the MOU. The MOU provides that the acquisition is to be consummated no later than December 31, 2025.
Upon completion, the acquisition is expected to further strengthen the Company’s presence and competitiveness in the Hong Kong and Macau markets, while securing higher margins from product and solution sales to the Target Company.
Michael Lau, Executive Director and Chief Technology Officer of Energys Group Limited, commented, “We are delighted to have reached an MOU with our key partner in Hong Kong. If the acquisition is completed, it is expected to further strengthen Energys’ brand profile in the regional market. It is also expected to generate a financial return through increasing product adoption and expanding margins as a result of value chain consolidation and streamlined operations. We hope that this will be the first of many acquisitions, and we will continue to accelerate regional decarbonization efforts while driving shareholders’ return.”
About Energys Group
Founded in 1998 as an energy conservation consultancy, Energys Group has since transitioned into a vertically integrated energy efficiency and decarbonization solutions provider for the built environment. Serving organizations from both the private and public sectors, including schools, universities, hospitals, and offices, primarily in the UK, the Company’s vision is to deliver innovative solutions that reduce carbon emissions, lower costs, and support the Net Zero agenda – alongside improving the wellbeing of building users within the built environment.
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.
For more information, please contact:
DLK Advisory
Phone: +852-2857-7101
Email: ir@dlkadvisory.com
US Senate News:
Source: United States Senator for North Carolina Thom Tillis
WASHINGTON, D.C. – This week, Senators Thom Tillis (R-NC) and Reverend Raphael Warnock (D-GA) introduced the Secure Family Futures Act, bipartisan legislation that would repeal the outdated capital tax treatment of debt investments held by life insurers, such as bonds, and apply ordinary tax treatment to them.
“This commonsense legislation ensures debt investments made by insurance companies are treated equally under our tax code,” said Senator Tillis. “By making these critical changes, insurance companies will be able to promote economic growth and investment in communities in North Carolina and across our country.”
“Life insurance provides peace of mind, and we should make that peace of mind more accessible and affordable, especially when there’s a commonsense fix in our tax code,” said Senator Reverend Warnock. “That’s why the bipartisan Secure Family Futures Act is so important, and I’m proud to partner with Senator Tillis on this bill.”
“Life insurers protect families and help power the American economy,” said David Chavern, President & CEO, American Council of Life Insurers. “The $8 trillion they invest in businesses, infrastructure, and job creation adds life to communities across the United States. And the returns from these investments help families and businesses access the financial protection they need to succeed and thrive. Senator Tillis’s and Senator Warnock’s bill offers much needed changes to the tax treatment of life insurers’ bond investments that will foster further economic growth and help more people and businesses secure their financial futures.”
“Principal Financial Group, a leading financial institution with a workforce of nearly 1,000 dedicated employees across the state of North Carolina, wholeheartedly supports the efforts of Senators Tillis and Warnock to bring about pragmatic and much-needed change to the U.S. Tax Code,” said Chris Payne, Senior Vice President of Government Relations, Principal Financial Group. “The proposal to assign ordinary treatment to debt investments, such as bonds, is a pivotal step towards rectifying the existing tax mismatch within the Code. It will pave the way for insurers like us to excel in our primary mission: creating opportunities for families and small businesses to achieve financial security.”
A letter of support from MetLife is available HERE.
Full text of the legislation is available HERE.
US Senate News:
Source: United States Senator Jacky Rosen (D-NV)
WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) led 12 of her Senate colleagues in a letter demanding that Secretary of Commerce Howard Lutnick and President Donald Trump immediately reverse course on the sweeping tariffs that are devastating small businesses in Nevada and across the nation. In the letter, the senators emphasized how these new taxes on imported goods are raising prices for hardworking Americans and creating additional challenges for small businesses at a time when high costs are already making it difficult for them to operate.
In addition to Senator Rosen, this letter was signed by Senators Chuck Schumer (D-NY), Kirsten Gillibrand (D-NY), Martin Heinrich (D-NM), Richard Blumenthal (D-CT), Peter Welch (D-VT), Jeff Merkley (D-OR), Mark Warner (D-VA), Andy Kim (D-NJ), Ben Ray Lujan (D-NM), Patty Murray (D-WA), Gary Peters (D-MI), and Maria Cantwell (D-WA).
“At a time when our nation is experiencing an unprecedented affordability crisis, President Trump’s decision to impose sweeping tariffs on goods from virtually every country in the world will send a chill through small businesses across the country,” wrote the senators. “Given this, we urge you to work with the President to immediately reverse course on these broad-based tariffs to end the needless suffering this administration has imposed on small businesses across the country.”
“With small businesses already being crushed under the weight of high costs and interest rates, we must do all we can to cut red tape and help them thrive – not create additional affordability challenges and uncertainty,” they continued. “To that end, we respectfully ask that you work with the President to reverse course on the 10 percent tariffs on all countries, as well as the exorbitantly high reciprocal tariffs placed on others. Failure to do so will raise costs, rob our small businesses of the certainty they rely on and undermine the economic security of small businesses across the country.”
The full letter can be found HERE.
Senator Rosen has been fighting back against President Trump’s reckless tariffs and the destructive impacts they’re having on Nevada’s economy. Last week, she took to the Senate floor to oppose President Trump’s tariffs and highlight a letter she received from a small business owner in Reno outlining the devastating impact these tariffs will have on his business. Senator Rosen also helped pass a Congressional resolution to reverse President Trump’s devastating tariffs on virtually all Canadian goods that have raised prices for families and hurt Nevada’s businesses and economy. Senator Rosen also sent a letter urging the Trump Administration to reverse course on imposing tariffs on Canada and Mexico to prevent housing prices from rising even further.
Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)
WASHINGTON — Today, Rep. Pramila Jayapal, Ranking Member of the Subcommittee on Immigration, Integrity, Security, and Enforcement, delivered opening remarks at the subcommittee hearing on Donald Trump’s reckless and lawless immigration enforcement, which is undermining local law enforcement and threatening public safety.
Below are Ranking Member Jayapal’s remarks, as prepared for delivery, at the subcommittee hearing.
WATCH Ranking Member Jayapal’s opening statement.
Ranking Member Pramila Jayapal
Subcommittee on Immigration, Integrity, Security, and Enforcement
Hearing on “Sanctuary Jurisdictions: Magnet for Migrants,
Cover for Criminals”
April 9, 2025
Ever since President Trump came into office, my colleagues have been happy to sit back and let him run roughshod over our laws. President Trump, Tom Homan, and Stephen Miller led you to believe that this was about criminal immigrants who threaten public safety, despite the fact that research clearly shows that immigrants commit fewer crimes than Americans. They led you to believe that they were FOR the immigrants who did things legally, those folks had nothing to worry about. They even led you to believe that somehow getting rid of immigrants would be good for American jobs, for bringing down costs for the American public, and that this was all about caring about YOU versus them.
Well, as people’s 401K accounts plummet with Trump’s crazy and chaotic economic policies and as costs of everything Americans need to buy keep going up instead of down, the effects of Trump’s unconstitutional and unlawful actions against ALL immigrants are causing fear and havoc in communities across the country.
Let me be clear: Trump has targeted immigrants who are here lawfully—suspending refugee admissions—a program once hailed by both parties and the faith community everywhere as the cornerstone of humanitarian assistance. They are revoking the very programs that created legal pathways for immigrants to enter that effectively brought down numbers at the border.
In revoking student visas and green cards of legal permanent residents, many of whom are married to U.S. citizens, they are going after every single immigrant, fabricating stories about these immigrants being “criminals,” even deporting them to other countries in violation of judicial orders.
All of this leads us to ask once again, as the 4th circuit said earlier this week in the case of a Maryland father who was “mistakenly” deported to a Salvadorean prison by the Trump administration, “If due process is of no moment, what is stopping the Government from removing and refusing to return a lawful permanent resident or even a natural born citizen?”
This obsession to weaponize every part of the U.S. government against immigrants is hurting Americans. It’s taking away critical resources for crime prevention, counterterrorism, drug interdiction, and other law enforcement at the Department of Justice and Homeland Security Investigations and terrorizing all immigrants and their US citizen family members, including those with no criminal background and with legal status.
Now, they want to coerce state and local law enforcement to help them round up immigrants by threatening to cut off their transportation and law enforcement funds if they do not comply—even though multiple courts have held that this is illegal and numerous research studies and law enforcement officials have confirmed that keeping the longstanding distinction between federal immigration and local law enforcement actually helps keep communities safer.
In 2019, my home state of Washington passed the Keep Washington Working Act with bipartisan support. It is a commonsense law to ensure that local policy remains focused on public safety rather than enforcing federal immigration law.
We know that when local police act as immigration agents, immigrant communities and their families are less likely to come forward to report a crime when they are a witness or even a victim. It destroys the trust police rely on to preserve public safety in communities. Courts have ruled multiple times that states have the right to enact laws like the Keep Washington Working Act.
And despite what you might hear today the law does allow information sharing with the federal government when necessary for an ongoing criminal investigation, or pursuant to a court order or judicial warrant.
As the Trump administration continues to bully and intimidate the country to bend the knee, we won’t be intimidated. I fully support Attorney General Nick Brown’s efforts to ensure that everyone in our state follows our laws.
The Major Cities Chiefs Association has repeatedly reaffirmed that, across the country, if law enforcement officers are viewed by members of the immigrant community as colluding or working with immigration law enforcement officers, this would “result in increased crime against immigrants in the broader community, create a class of silent victims and eliminate the potential for assistance from immigrants in solving crimes or preventing future terroristic acts.”
The Major Cities Chiefs Association also explained that cooperation with the immigrant community is a crucial part of solving crime and preventing further criminal activity within the entire community, including ensuring protections for victims of domestic violence and sexual abuse. Instead of trashing the rights of every American and destroying communities and our economy, this subcommittee should be holding hearings on why Mahmoud Khalil remains detained, simply for expressing pro-Palestinian views that Trump doesn’t like. Or why Alfredo Juarez, a longtime labor leader, has been detained in my state apparently simply for organizing farmworkers for fair wages. Or why a local roofing company just had a raid where 37 immigrants who are longtime residents and building affordable housing for our communities were picked up and jailed. Or why the Administration refuses to return Kilmar Abrego Garcia to the US to reunite with his US citizen wife and three children, even after admitting to mistakenly deporting him to a Salvadorean gulag.
Let’s have a hearing on the disappearing and kidnapping of people across this country, instead of hurting public safety by undermining policies of local jurisdictions.
Issues: Immigration
Source: United States House of Representatives – Congresswoman Mikie Sherrill (NJ-11)
WASHINGTON, DC — Representative Mikie Sherrill (NJ-11), alongside top House Democrats, introduced legislation that will end President Trump’s abuse of “emergency” trade authorities, which he is using to impose sweeping tariffs that are crashing the economy and increasing costs by almost $4,000 for New Jersey families.
The legislation would end Trump’s declared national emergency under the International Emergency Economic Powers Act (IEEPA), an authority he is using to levy a blanket 10% tariff on all imports, along with additional massive tariffs on dozens of key U.S. allies such as the European Union, Japan, and Taiwan. The IEEPA is designed to allow presidents to impose financial sanctions on hostile foreign powers that pose a direct and immediate threat to the United States, not impose tariffs on critical U.S. allies without congressional oversight.
“Trump’s tariffs are the largest tax hike on New Jersey families since the 1960s — and they are already putting pressure on families’ budgets, jeopardizing retirement savings for hardworking Americans, and driving our economy towards a recession. Trump does not care, because he and billionaires like Elon Musk are able to line their own pockets with tax cuts paid for by hardworking New Jersey families. I’m fighting back — by reasserting Congress’s tariff authority, which will rein in Trump’s decision to declare a national emergency on a whim in order to implement his massive tax hike on the American people,” said Rep. Sherrill.
Read the full text of the resolution here.
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Source: United States Small Business Administration
SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Wyoming of the deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning on Aug. 6 and 13, 2024, respectively.
The disaster declarations cover the counties listed below:
|
Declaration Number |
Primary |
Neighboring |
Incident Type |
Incident Date |
Deadline |
|
WY 20763 |
Fremont, Hot Springs, Park, Sublette and Teton | Big Horn, Carbon, Lincoln, Natrona, Sweetwater and Washakie in Wyoming; Bonneville, Fremont and Teton in Idaho; Carbon, Gallatin and Park in Montana. |
Drought | Beginning Aug. 6, 2024, and continuing | 5/30/25 |
|
WY 20772 |
Lincoln | Sublette, Sweetwater, Teton and Uinta in Wyoming; Bear Lake, Bonneville and Caribou in Idaho; Rich in Utah. |
Drought | Beginning Aug. 13, 2024, and continuing | 6/9/25 |
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
To apply online and receive additional disaster assistance information visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
For disaster declaration WY 20763, submit completed loan applications to SBA no later than May 30, and for WY 20772, submit completed loan applications to SBA no later than June 9.
###
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Source: United States Small Business Administration
SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oklahoma of the May 9, deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Sept. 3, 2024.
The disaster declaration covers the counties of Caddo, Comanche, Cotton, Grady, Kiowa, Stephens and Tillman.
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are available for working capital needs caused by the drought and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Submit completed loan applications to SBA no later than May 9.
###
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Source: United States Small Business Administration
SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Colorado of the May 9, deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning July 16, 2024.
The disaster declaration covers the counties of Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Gilpin, Jefferson, Morgan, Park, Teller, Washington and Weld.
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are available for working capital needs caused by the drought and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Submit completed loan applications to SBA no later than May 9.
###
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Source: United States Small Business Administration
SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Montana of the May 9, deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning July 16, 2024.
The disaster declaration covers the counties of Broadwater, Flathead, Gallatin, Jefferson, Lewis and Clark, Lincoln, Meagher and Sanders in Montana, as well as Bonner and Boundary counties in Idaho.
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are available for working capital needs caused by the drought and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Submit completed loan applications to SBA no later than May 9.
###
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Source: GlobeNewswire (MIL-OSI)
Ageas publishes its 2024 reports
Ageas has today released its 2024 Annual Reporting, including the Report of the Board of Directors, the Ageas Consolidated Financial Statements, and the 2024 Statutory Accounts of ageas SA/NV. The reporting was prepared for the first time in accordance with the Corporate Sustainability Reporting Directive and the associated European Sustainability Reporting Standards.
The reports as well as additional information on the Group’s 2024 performance, highlighting the accomplishments of Ageas’s businesses and expanding on the conclusion of its strategic plan Impact24 are available on the Ageas website: ageas.com/en/annual-report-2024
The annual results for 2024 were published on February 27, 2025.
Ageas is a listed international insurance Group with a heritage spanning 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of more than EUR 18.5 billion in 2024.
Attachment
Source: GlobeNewswire (MIL-OSI)
Press release
09 April 2025 – N° 07
SCOR successfully sponsors a new catastrophe bond, Atlas Capital DAC Series 2025-1
SCOR has successfully sponsored a new catastrophe bond (“cat bond”), Atlas Capital DAC Series 2025-1, which will provide the Group with multi-year risk transfer capacity of USD 240 million to protect itself against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. The risk period for Atlas Capital DAC Series 2025-1 will run from 1 June 2025 to 31 May 2028. The transaction has received the approval of the Irish regulatory authorities. The cat bond offering integrates ESG-related considerations to support investors’ due diligence.
The cat bond was priced on 3 April 2025 with an interest spread of 7.25% and was issued on 9 April 2025. Atlas Capital DAC Series 2025-1 was well received and benefited from high investor demand. GC Securities1 acted as Sole Structuring Agent and Sole Bookrunner for the deal. Willkie Farr and Walkers advised SCOR as legal counsels.
Atlas Capital DAC Series 2025-1 is an aggregate, index-based trigger cat bond issued by Atlas Capital DAC, a multi-arrangement special purpose vehicle approved in Ireland under Solvency II. This vehicle was created in 2023 for the Series 2023-1 cat bond issuance, and it may be utilized by the Group to sponsor cat bonds covering various perils in both L&H and P&C. The benefits of this vehicle were again visible this year, as it allowed for a fast and cost-effective issuance process. In particular, the transaction was offered to investors around two months in advance of the start of the risk period, allowing SCOR to benefit from the currently favorable conditions in the cat bond market.
The size of the Series 2025-1 issuance is in line with the Group’s cat exposures and with its retrocession strategy under the Forward 2026 strategic plan, which identifies risk partnerships – including capital market solutions like cat bonds – as one of the Group’s levers for value creation.
François de Varenne, Group CFO and Deputy CEO of SCOR, comments: “SCOR is pleased to sponsor a new cat bond this year, securing multi-year protection against peak natural perils from the ILS market at favorable pricing conditions. SCOR has been a regular sponsor of cat bonds over the last 25 years, and we are delighted by the strong and continued investor demand, as cat bonds remain an integral part of our risk partnerships strategy under the Forward 2026 plan. We are also very pleased with the efficiency gains made by reusing Atlas Capital DAC for a third year.”
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| SCOR, a leading global reinsurer
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society. The Group generated premiums of EUR 20.1 billion in 2024 and serves clients in more than 150 countries from its 37 offices worldwide. For more information, visit: www.scor.com |
Media Relations Alexandre Garcia media@scor.com Investor Relations Thomas Fossard Follow us on LinkedIn |
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All content published by the SCOR group since January 1, 2024, is certified with Wiztrust. You can check the authenticity of this content at wiztrust.com. |
Forward-looking statements
This press release may include forward-looking statements, assumptions, and information about SCOR’s financial condition, results, business, strategy, plans and objectives, including in relation to SCOR’s current or future projects.
These statements are sometimes identified by the use of the future tense or conditional mode, or terms such as “estimate”, “believe”, “anticipate”, “expect”, “have the objective”, “intend to”, “plan”, “result in”, “should”, and other similar expressions.
It should be noted that the achievement of these objectives, forward-looking statements, assumptions and information is dependent on circumstances and facts that arise in the future.
No guarantee can be given regarding the achievement of these forward-looking statements, assumptions and information. These forward-looking statements, assumptions and information are not guarantees of future performance. Forward-looking statements, assumptions and information (including on objectives) may be impacted by known or unknown risks, identified or unidentified uncertainties and other factors that may significantly alter the future results, performance and accomplishments planned or expected by SCOR.
In particular, it should be noted that the full impact of the inflation and geopolitical risks including but not limited to the Russian invasion and war in Ukraine on SCOR’s business and results cannot be accurately assessed.
Therefore, any assessments, any assumptions and, more generally, any figures presented in this press release will necessarily be estimates based on evolving analyses, and encompass a wide range of theoretical hypotheses, which are highly evolutive.
These points of attention on forward-looking statements are all the more essential that the adoption of IFRS 17, which is a new accounting standard, results in significant accounting changes for SCOR.
Information regarding risks and uncertainties that may affect SCOR’s business is set forth in the 2024 Universal Registration Document filed on 20 March 2025, under number D.25-0124 with the French Autorité des marchés financiers (AMF) posted on SCOR’s website www.scor.com.
In addition, such forward-looking statements, assumptions and information are not “profit forecasts” within the meaning of Article 1 of Commission Delegated Regulation (EU) 2019/980.
SCOR has no intention and does not undertake to complete, update, revise or change these forward-looking statements, assumptions and information, whether as a result of new information, future events or otherwise.
Disclaimer
This communication does not constitute or form part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for the securities mentioned herein in any jurisdiction. The securities mentioned herein have not been, and will not be, registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. Atlas Capital DAC and the securities mentioned are not and will not be registered under the U.S. Investment Company Act of 1940, as amended.
Rule 144A offerings are offerings of securities conducted on a private placement basis for the purposes of the U.S. Securities Act of 1933, as amended (the “Securities Act”) and that limit initial distribution and secondary sales of the securities to entities that are Qualified Institutional Buyers as defined in Rule 144A under the Securities Act. The offering of securities in a Rule 144A offering does not require registration of the issuer or the securities with the U.S. Securities Exchange Commission.
Catastrophe bond transactions provide sponsoring insurers and reinsurers protection against catastrophe risks through the release to the sponsor of a portion or the whole principal amount upon the occurrence of pre-defined events (namely triggers). Triggers can be determined in different ways: an industry loss trigger provides for payment once the losses to the industry generated by specific natural events (typically) are higher than a certain specified amount provided for in the terms of the transaction.
1 GC Securities is a division of MMC Securities LLC, a US registered broker-dealer and member of FINRA/NFA/SIPC.
Attachment
Source: GlobeNewswire (MIL-OSI)
COFACE SA: Combined Shareholders’ Meeting on Wednesday, May 14, 2025
at 02.00pm
Paris, April 9, 2025 – 17.45
COFACE SA’s shareholders are hereby informed that the Combined Shareholders’ Meeting will be held on Wednesday, May 14, 2025 at 02.00pm at the Group’s headquarters and registered office:
1 Place Costes et Bellonte
92270 Bois-Colombes – France
The notice of meeting containing the agenda and draft resolutions was published in the Bulletin des Annonces Légales Obligatoires (French Bulletin of Mandatory Legal Notices – BALO) No.42 on 7 April 2025 (announcement No. 2500820).
Shareholders may attend the meeting regardless of the number of shares they own, under the conditions described in the notice of meeting.
We advise the shareholders to:
All documents that must be disclosed for this Shareholders’ Meeting will be available to the shareholders, within the legal deadlines, on COFACE SA institutional website (www.coface.com) and more precisely under “Investors/General Assembly” (https://www.coface.com/investors/regulated-information/documents-relating-to-the-general-assembly)
CONTACTS
ANALYSTS / INVESTORS
Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com
MEDIA RELATIONS
Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com
FINANCIAL CALENDAR 2025
(subject to change)
Q1-2025 results: 5 May 2025 (after market close)
Annual General Shareholders’ Meeting: 14 May 2025
H1-2025 results: 31 July 2025 (after market close)
9M-2025 results: 3 November 2025 (after market close)
FINANCIAL INFORMATION
This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors
For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).
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COFACE: FOR TRADE COFACE SA is listed in Compartment A of Euronext Paris |
DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 3 April 2025 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.
Attachment
Source: GlobeNewswire (MIL-OSI)
Press contact:
Mollie Mellows
Tel.: + 44 (0) 7342 709384
E-mail: mollie.mellows@capgemini.com
Capgemini expands strategic partnership with Google Cloud to revolutionize CX across industries with agentic AI
Paris, April 9, 2025 – Capgemini today announced a strategic agentic AI initiative with Google Cloud to transform customer experience (CX) into a key value driver for clients. Building on its existing partnership, Capgemini will create industry-specific agentic AI solutions designed to handle customer requests across all communication channels (web, social, phone etc.) and improve employee productivity. Underpinned by Google Cloud’s AI technology, Capgemini will develop bespoke solutions designed to enhance customer services with intelligent automation and deep customer insights, enabling organizations to deliver more personalized, efficient, and effective CX to elevate brand perception, increase loyalty, and drive revenue growth.
A recent report by the Capgemini Research Institute found that although customer service is considered strategically important, less than half of organizations feel prepared to integrate AI and generative AI into the function.1 Recognized as the Global Industry Solution Partner of the Year 2025 by Google Cloud, Capgemini will combine its deep industry expertise and technical capabilities to develop solutions powered by Google Agentspace and Customer Engagement Suite with Google AI. This will accelerate adoption of secure, trusted agentic AI capabilities that are interoperable with a client’s existing technology infrastructure and can support a variety of industry and regulatory needs. The agentic AI solutions will be designed to significantly optimize business processes and unlock commercial value by enhancing organizations’ own search capabilities, automating complex workflows, as well as understanding and proactively anticipating customer needs.
“Capgemini is entering the next phase of its strategic partnership with Google Cloud and this new collaboration focuses on driving revenue for our clients by elevating customer service to a strategic value driver in industries where CX is paramount,” said Fernando Alvarez, Chief Strategy and Development Officer and Group Executive Board Member at Capgemini. “The customer service function is undergoing a transformative shift as business leaders increasingly recognize its importance in unlocking commercial potential. Agentic systems can play a key role in this, and the future of customer service will require a strategic blend of human and virtual agents, enhanced by generative and agentic AI. By understanding the potential of agentic AI and the business realities of our clients, we’re expertly placed to maximize its value and deliver genuine impact.”
“Businesses require a combination of technical expertise and advanced technology to fully realize the benefits of agentic AI within their current IT infrastructure. Through Agentspace and our new Agent2Agent interoperability protocol, our partnership with Capgemini will provide clients with AI solutions that drive long-term value across industries,” said Kevin Ichhpurani, President, Global Partner Organization, Google Cloud.
Primarily focused on telco, retail, and financial services, the partnership is intended to expand into further industries such as life sciences and utilities, with a goal of accelerating business outcomes by enabling customer services transformation. This includes areas such as:
Google Cloud’s new Agent2Agent interoperability protocol will enable AI agents to successfully communicate with one another, safely exchange information, and coordinate actions no matter which platform they are running on or built on top of. As agentic AI becomes more widely adopted, this protocol will ensure agent functionality across diverse and separate data sources and applications.
Google Cloud recognizes Capgemini as a trusted partner for driving clients’ large-scale transformation, with the company winning three Google Cloud Partner of the Year awards in 2025. The awards celebrate Capgemini’s expertise in creating compelling solutions that make an impact for joint clients worldwide:
About Capgemini
Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
Get The Future You Want | www.capgemini.com
1 “Unleashing the value of customer service: The transformative impact of Gen AI and Agentic AI”, Capgemini Research Institute, March 2025
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Source: GlobeNewswire (MIL-OSI)
MUNICH, Germany, April 09, 2025 (GLOBE NEWSWIRE) — Solix DePIN, a pioneer in decentralized physical infrastructure networks, has secured $29.5 million in funding from Eclip Foundation. This investment will accelerate the development of Solix’s groundbreaking MODEL CONTEXT PROTOCOL (MCP) technology, which enables intelligent bandwidth sharing without affecting users’ internet experience.
Founded with the mission to transform how internet bandwidth is shared and monetized, Solix has created a platform where users can contribute their unused bandwidth and earn rewards through a simple browser extension. This approach addresses critical challenges in today’s internet landscape, including bandwidth inequality and inefficient resource allocation.
“We designed Solix with simplicity and accessibility as core principles,” said David Rodriguez, CEO of Solix DePIN. “By removing technical barriers to entry, we’re enabling anyone with an internet connection to participate in the decentralized economy and be rewarded for sharing resources they already have.”
The MODEL CONTEXT PROTOCOL at the heart of Solix’s technology represents a significant advancement in the DePIN space. This innovative protocol connects AI models to real-time contextual data about internet usage, allowing for dynamic, intelligent decision-making on bandwidth allocation. Unlike traditional bandwidth sharing solutions that operate on fixed rules, MCP ensures that users’ internet experience remains uncompromised.
Our MODEL CONTEXT PROTOCOL implementation is what truly sets Solix apart in the DePIN ecosystem,” explained Emily Richardson, Chief Technology Officer at Solix. “MCP allows for sophisticated real-time analysis of bandwidth availability, creating an optimal balance between sharing resources and maintaining exceptional user experience.”
The company’s user-friendly approach has driven impressive adoption metrics. Solix currently boasts over 100,000 active users across more than 63 countries, processing approximately 275 TB of data daily. These figures demonstrate both the robust infrastructure and growing demand for decentralized bandwidth solutions.
Eclip Foundation, known for backing transformative Web3 technologies, recognized Solix’s potential to reshape internet resource distribution. “Solix represents exactly the kind of innovation we aim to support – solutions that combine technical excellence with practical utility and broad market potential,” said James Wilson, Managing Partner at Eclip Foundation.
The $29.5 million investment will fund several key initiatives on Solix’s roadmap. These include enhancing the core technology, expanding global reach, and introducing advanced features such as smart bandwidth allocation and AI-powered network optimization. The company also plans to establish strategic partnerships with cloud service providers and content delivery networks to create broader use cases for its decentralized bandwidth marketplace.
As internet bandwidth demands continue to grow exponentially with the rise of AI, streaming services, and IoT devices, Solix’s decentralized approach offers a scalable and sustainable alternative to traditional bandwidth provisioning. The platform’s ability to dynamically adjust to network demands ensures optimal performance while maximizing rewards for contributors.
Participating in the Solix network is straightforward – users simply download and activate the Solix browser extension. Once running, the extension intelligently allocates a portion of the user’s unused bandwidth to the network, automatically earning them SLIX Points for their contribution.
With this significant funding round, Solix is positioned to lead the next wave of innovation in decentralized infrastructure, creating a more accessible, efficient, and equitable internet experience for users worldwide.
About Solix DePIN
Solix DePIN is a decentralized physical infrastructure network enabling users to share and monetize their excess bandwidth. As the first DePIN project implementing MODEL CONTEXT PROTOCOL (MCP), Solix creates a more accessible, efficient, and equitable internet experience. Solix is committed to building a user-centric sharing economy for digital resources.
Media Contact:
Company Name: Solix DePIN
Contact Person: Leo Bennett
Email: business@solixdepin.net
Twitter: https://x.com/solix_depin
Discord: https://discord.gg/solixdepin
Website: https://solixdepin.net
SOURCE: Solix DePIN
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Source: Federal Bureau of Investigation (FBI) State Crime News
ST. LOUIS – A man from St. Louis, Missouri on Tuesday admitted fraudulently obtaining home mortgages totaling more than $1.2 million.
Edward James Mitchell Jr., also known as Musa Muhammad, pleaded guilty in U.S. District Court in St. Louis to one felony count of bank fraud. He admitted participating in four fraudulent home mortgages from October 2021 through November 2023 totaling $1,225,550. Three of the homes are in St. Louis and one is in Florissant. Mitchell’s company, Home Team Solutions LLC, originally purchased the homes. Mitchell pretended to be one of his relatives to purchase two of the homes from his own company, submitting fraudulent mortgage loan applications and false employment and financial information and using his relative’s Social Security number and birthdate, Mitchell’s plea agreement says. He bought another home himself and sold another to his paramour, again submitting false or fraudulent documentation.
The U.S. Attorney’s Office believes lending institutions lost $490,946 when Fannie Mae purchased the four home loans. Mitchell’s position is that only two of the loans incurred losses, with a loss amount of $226,950.
Mitchell, 37, is scheduled to be sentenced on July 8. Each bank fraud charge carries a penalty of up to 30 years in prison, a $1 million fine or both prison and a fine.
In October 2023, Mitchell legally changed his name to Musa Muhammad.
The FBI and the Federal Housing Finance Agency Office of Inspector General investigated the case. Assistant U.S. Attorney Kyle Bateman is prosecuting the case.
Source: Africa Press Organisation – English (2) – Report:
DAKAR, Senegal, April 9, 2025/APO Group/ —
The African Union of Broadcasting (AUB) (www.UAR-AUB.org) will hold its 16th General Assembly from June 18 to 20, 2025 in Abidjan, capital of the Republic of Côte d’Ivoire, under the theme: Empowering the media: what strategies for financial and technological resilience and innovative content?
This high-level meeting will bring together Directors General representing the media, the broadcasting industry, officials, experts, academics, content creators from across the continent, representatives of sister Unions and partners. This year’s event aims to explore the challenges and opportunities offered by the evolution of digital technologies in the broadcast media sector.
The AUB aims to examine all the possibilities available to African media to obtain quality content amidst scarcity of financial resources, competitiveness and significant technological development. Broadcasters in Africa will also address the issue of satellite broadcasting costs which are increasingly weighing on their organizations’ budgets.
During this General Assembly, the African Union of Broadcasting will reward excellence in African broadcast production at the grand AUB MEDIA AWARDS 2025.
The African Union of Broadcasting is the largest organization of media professionals in Africa, bringing together public and private radio and television broadcasters and associate members. The AUB is responsible for developing all segments of television and radio broadcasting in Africa. It works to develop the exchange of authentic African content through its content distribution platform, AUBVISION.
Source: Phillips
HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) (the “Company”) today responded to a letter released by Gregory J. Goff to Phillips 66 Shareholders. The Board of Phillips 66 has issued the following statement:
“Gregory Goff is clearly affiliated with Elliott Management. As of this morning, he remains featured as CEO of Amber Energy, an entity that Elliott has backed in its bid for Citgo, a Phillips 66 competitor. This important and obvious fact about a clear conflict of interest was never mentioned in Mr. Goff’s communication and is plainly misleading to shareholders. The notion he is an investor independent of Elliott is obviously false. This stunt reflects Elliott’s growing desperation to convince real investors to support its shortsighted, rushed breakup of Phillips 66. We will continue to engage with all investors on the facts and remain confident that those investors value the reliable $43 billion1 dollars of value we have returned through volatile market cycles.”
About Phillips 66
Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information
On April 8, 2025, Phillips 66 filed a definitive proxy statement on Schedule 14A (the “Proxy Statement”) and accompanying WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and its solicitation of proxies for Phillips 66’s director nominees and for other matters to be voted on. This communication is not a substitute for the Proxy Statement or any other document that Phillips 66 has filed or may file with the SEC in connection with any solicitation by Phillips 66. PHILLIPS 66 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AND ANY OTHER RELEVANT SOLICITATION MATERIALS FILED WITH THE SEC AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the Proxy Statement, any amendments or supplements to the Proxy Statement and other documents (including the WHITE proxy card) filed by Phillips 66 with the SEC without charge from the SEC’s website at www.sec.gov. Copies of the documents filed by Phillips 66 with the SEC also may be obtained free of charge at Phillips 66’s investor relations website at https://investor.phillips66.com or upon written request sent to Phillips 66, 2331 CityWest Boulevard, Houston, TX 77042, Attention: Investor Relations.
Certain Information Regarding Participants
Phillips 66, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Phillips 66 shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding the names of such persons and their respective interests in Phillips 66, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 8, 2025, including in the sections captioned “Beneficial Ownership of Phillips 66 Securities” and “Appendix C: Supplemental Information Regarding Participants in the Solicitation.” To the extent that Phillips 66’s directors and executive officers who may be deemed to be participants in the solicitation have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.
1 Shareholder distribution through dividends paid on common stock and repurchases of common stock.
Source: Phillips 66
Source: United Kingdom – Executive Government & Departments 3
£400m of trade and investment wins from UK-India Economic and Financial Dialogue set to boost the British economy.
£400m of trade and investment wins are set to boost the British economy and deliver economic growth and security for working people as the government vows to back British business through uncertain global times.
Today (Wednesday 09 April), the Chancellor took part in the 13th UK-India Economic and Financial Dialogue (EFD), marking a significant moment in unlocking opportunities as the two countries look to strengthen economic ties and secure a Free Trade Agreement and Bilateral Investment Treaty.
Rachel Reeves, Chancellor of the Exchequer, said:
In a changing world, it is imperative we go further and faster to kickstart economic growth. We have listened to British businesses, which is why we’re negotiating trade deals with countries across the world, including India, so we can support them and put more money in people’s pockets as part of our Plan for Change.
Our relationship with India is longstanding and broad and I am delighted with the progress made throughout this dialogue to develop it further.
Today’s EFD was Chancellor Reeves’ first with India. It saw the signing of a joint statement unlocking cooperation across a range of business sectors, including defence, financial services, education and development, and strengthened governmental collaboration across growth, economic resilience and international financial issues.
The government is working to make Britain the best country in the world to do business, already bringing in more stability, offering an open trading economy and creating the right conditions for investment.
At the London Stock Exchange today, the Chancellor and her Indian counterpart set out plans to generate growth, improve our Financial Services ties and deepen policy cooperation on the UK Industrial Strategy, tax, sustainable finance and illicit finance.
The total commercial package from this dialogue is made up of new announcements worth £128m in export deals and investments, as well as recent deals worth £271m. This includes:
Secretary of State for Business and Trade Jonathan Reynolds and Minister Sitharaman also today hosted a business roundtable, bringing together key leaders from the financial and professional business services sectors including Tide, HSBC, Aviva, Vodafone, WNS, and Mizuho International. Attendees recognised the strength of the economic relationship between the UK and India, as well as the opportunity for closer collaboration – including through an ambitious trade deal.
Areas for collaboration on defence were also identified, as both sides looked forward to the finalisation of the India-UK Defence Industrial Roadmap, set to strengthen ties between industrial sectors and integrate supply chains.
Secretary of State for Business and Trade Jonathan Reynolds said:
I was delighted to meet with Minister Sitharaman, hear from businesses, and discuss how we can strengthen the strong economic bonds between our two nations.
Both the UK and India are committed to delivering economic growth and giving businesses the confidence and stability they need to expand.
That is why we are continuing to negotiate towards an ambitious trade deal that unlocks opportunities both at home and abroad for British businesses and supports our Plan for Change.
The UK and India have strong economic, cultural, and education links, with India being a key trading partner for the UK with over £40bn worth of UK-India trade last year alone. The UK’s long-standing programme of EFDs with India is the critical forum to deliver continuous economic gains over time.
The EFD follows a recent visit to Delhi by Jonathan Reynolds, the Secretary of State for Business and Trade, which relaunched UK-India trade negotiations.
Keshav R. Murugesh, Group CEO, WNS said:
The UK and India stand as natural partners, and this re-energized trade and investment relationship marks a pivotal stride in our already strong alliance. The potential before us is immense. By formalizing our collaboration in pioneering fields like AI, we will not only fuel innovation and generate high-skilled jobs in both our nations, but also solidify our joint leadership in this transformative era. This is indeed a thrilling chapter for the UK-India partnership.
Bill Winters, Group Chief Executive, Standard Chartered said:
In the face of global developments, it is imperative that we think creatively and act in partnership. The UK and India’s focus on strengthening financial ties and deepening cooperation between our governments, regulators, industry leaders and experts, plays an important role in driving economic progress, setting global benchmarks for stability and innovation and paving the way for greater trade and investment in both countries.
The Rt Hon The Lord Mayor of London, Alderman Alastair King,
We had a highly constructive discussion with Hon. Minister Nirmala Sitharaman and The Rt. Hon. Jonathan Reynolds, joined by leaders from across the financial services sector. There is a strong, shared commitment to deepen our economic partnership and drive greater prosperity—particularly in key areas such as green finance, infrastructure investment, and fintech.
Global trade is entering a new era, where strategic alliances and trade agreements are more crucial than ever. As we look ahead to the UK-India Economic and Financial Dialogue and continue FTA negotiations, our focus remains on sustaining momentum and delivering tangible outcomes in the months to come.”
David Schwimmer, CEO, LSEG said:
LSEG is honoured to host the 13th UK-India Economic and Financial Dialogue at the London Stock Exchange as part of our continued support for initiatives that promote collaboration and connectivity between UK and Indian financial markets. Through deepened partnership, the governments and regulators from both countries can help to build an environment which delivers real benefits to their financial markets and economies.
Source: GlobeNewswire (MIL-OSI)
SINGAPORE, April 09, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to trade below $85,000 and analysts predict that the crypto market will remain volatile, holding spot positions may not generate short-term profits. Recent economic shifts, including policy announcements such as President Trump’s tariff decisions, have brought some stabilization, but the volatility remains. For investors seeking to maximize returns in these uncertain times, BexBack Exchange offers a powerful solution. With 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, BexBack empowers traders to seize market opportunities. And with no KYC requirements, it provides a seamless and efficient way to trade.
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Photos accompanying this announcement are available at
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Source: GlobeNewswire (MIL-OSI)
VC Venture X Logo
LONDON, April 09, 2025 (GLOBE NEWSWIRE) — As decentralized finance (DeFi) continues to develop, 2025 is expected to introduce a wave of innovation focused on user empowerment, smart automation, and deeper integration across blockchain ecosystems. Backed by firms such as VC VentureX, a prominent Web3 venture capital firm, new platforms are emerging that aim to make DeFi more accessible and reward-driven.
AI-Powered Automation in DeFi
One of the most notable trends in 2025 is the growing use of AI to enhance automation in DeFi platforms. By introducing smart tools for trading, risk management, and yield optimization, AI is helping users navigate complex protocols more easily. These systems can react in real-time to market conditions, reducing the need for manual intervention and increasing efficiency for both new and seasoned participants.
MEV-Based Yield Opportunities Gain Traction
Maximal Extractable Value (MEV) is also receiving renewed attention as a powerful source of yield. Platforms like ZENMEV, which recently received a $140 million strategic investment from VC VentureX, are leveraging MEV events—such as arbitrage and transaction reordering—to benefit users directly.
ZENMEV’s Zenbots Shield engine identifies and captures MEV opportunities, redistributing the profits to stakers and liquidity providers through transparent and automated processes. This method contrasts with older models that allowed MEV gains to be dominated by a handful of sophisticated actors. VC VentureX’s support signals strong confidence in this MEV-sharing approach and its potential to transform the DeFi rewards landscape.
Cross-Chain Integration Accelerates
Another key trend for 2025 is the expansion of DeFi protocols across multiple blockchains. As interoperability tools mature, users can more easily move assets between ecosystems to access broader financial opportunities. ZENMEV plans to expand its MEV infrastructure to additional chains, enabling users to benefit from a wider range of staking and yield options.
Toward a Regulation-Ready Future
The industry is also seeing more platforms prepare for potential regulation by building features such as identity verification, auditing systems, and transaction reporting. These changes reflect a growing focus on trust, security, and scalability. ZENMEV and other VC VentureX portfolio companies are aligning with industry standards while continuing to prioritize decentralization and user rewards.
Simplified Interfaces for Mainstream Access
Improved user experience is another trend gaining momentum. DeFi platforms are simplifying dashboards, staking processes, and earnings reports to help users better understand where their profits come from. ZENMEV, for instance, is working on UI improvements that make it easier to track MEV-based rewards and make informed decisions in real time.
Looking Ahead
With trends like MEV-based yield distribution, AI-powered tools, and cross-chain connectivity shaping the market, DeFi in 2025 is on a path toward wider participation and smarter reward systems. VC VentureX’s investment in forward-thinking platforms like ZENMEV highlights a broader shift toward sustainable and user-focused innovation in decentralized finance.
About VC VentureX
VC VentureX is a leading venture capital firm specializing in Web3, blockchain, and decentralized finance. The firm supports visionary founders through strategic investments, mentorship, and a strong global network. With a focus on long-term value creation, VC VentureX backs projects that are shaping the future of open financial systems.
About ZENMEV
ZENMEV is an innovative DeFi platform that transforms Maximal Extractable Value (MEV) opportunities into user rewards. Using its proprietary Zenbots Shield engine, ZENMEV captures MEV events such as arbitrage and reordering, redistributing profits to stakers and liquidity providers. The platform is focused on transparency, scalability, and delivering real yield to the broader DeFi community.
Media Contact:
Contact Person: Carlos Hernandez – CMO
Company: VC Venture X
Email: hello@vcventurex.com
Website: https://vcventurex.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2fcfba62-fac7-496a-ae40-58a43fa24c49
Source: Federal Bureau of Investigation FBI Crime News (b)
Kristin Rehler, special agent in charge of the Jacksonville Division of the Federal Bureau of Investigation, has announced her retirement, with a departure date of April 17, 2025. She retires after more than 29 years of honorable and dedicated service to the FBI.
Reflecting on her career, Ms. Rehler stated, “Leading FBI Jacksonville has been the honor of a lifetime. I’ve had the privilege of working alongside some of the most dedicated professionals in law enforcement—both within the FBI and among our incredible local, state, and federal partners. Our shared mission to protect the American people and uphold the Constitution is made stronger through these vital partnerships. I’m endlessly proud of the work we’ve accomplished together and deeply grateful for the men and women, past and present, whose selfless service make our communities and our country safer.”
Ms. Rehler began her FBI career in 1996 as a special agent in the Houston Field Office, where she investigated myriad criminal violations, including violent crime, narcotics, and financial crimes. In 2008, she was promoted to supervisor of Houston’s Civil Rights Squad, overseeing the Human Trafficking Task Force.
In 2012, she was assigned to FBI Headquarters as an assistant inspector/team leader in the Inspection Division, conducting field office inspections, agent-involved shooting investigations, and national program reviews.
She returned to Houston in 2013 as a supervisor and later served as acting assistant special agent in charge (ASAC) of both the Criminal Branch and the newly formed Technical and Administrative Branch.
In 2015, Ms. Rehler was promoted to ASAC in the Tampa Field Office, leading the Criminal Branch and overseeing the Evidence Response Team and Operation Panama Express. In 2021, she was appointed ASAC over Tampa’s Counterintelligence and Cyber Branch, managing human intelligence, surveillance, and administrative programs.
Later that year, she returned to the Inspection Division, where she served as an Inspector prior to being appointed by the Director to lead the Jacksonville Division in April 2024.