NewzIntel.com

Category: Finance

  • MIL-OSI Australia: Grass fire – Humpty Doo

    Source: Northern Territory Police and Fire Services

    Northen Territory Fire and Rescue Service (NTFRS) responded to a large grass fire in Humpty Doo yesterday afternoon.

    Around 2:50pm, Joint Emergency Services Communication Centre received repots of a large grass fire on Trippe Road, Humpty Doo.

    A short time later, NTFRS members arrived on the fire ground and commenced a response.

    Twelve NTFRS career and 4 Volunteer firefighters attended with 12 appliances including Grassfire Units, as well as 4 waterbombers, 1 helicopter and 5 appliances from Bushfires NT.

    Multiple inoperable vehicles and an uninhabited structure were affected by the blaze.

    Initial reports indicate that the fire was not suspicious, and it ignited from a backfiring exhaust.

    Investigations are ongoing.

    MIL OSI News –

  • MIL-OSI New Zealand: Brakes put on contractor and consultant spending

    Source: New Zealand Government

    The brakes have been put on contractor and consultant spending and growth in the public service workforce, Finance Minister Nicola Willis says.

    “Workforce data released today shows spending on contractors and consultants fell by $274 million, or 13 per cent, across the public sector in the year to June 30. 

    “Over the course of the year, the number of public servants grew slightly to 63,537 but the details reveal a year of two halves – ballooning growth under the last government offset by a 3.3 per cent reduction under this government.

    “The annual increase of 0.7 per cent, or 421 employees, compares to average increases of almost 5 per cent over the previous five years. 

    “This shows the steps the Government is taking to restore discipline to public expenditure and drive more value for money are working. The growth in public service numbers in the first half of 2023/24 was largely due to the decisions, work programmes and priorities of the previous government.

    “The latest data also reflects a shift of back-office resources to the frontline. 

    “There has been a 10.8 per cent decline in the number of clerical and administrative staff and an 8.3 per cent drop in policy advisors. 

    “This has been offset by increases in service delivery roles, including a 16.9 percent increase in contact centre workers who are often the first point of contact for members of the public. There has been a 5.7 per cent increase in the number of inspectors and regulatory officers and a 1.5 per cent increase in the number of social, health and education workers.”  

    Nicola Willis says she expects the downward trend to continue.

    “The 3.3 percent decrease in the overall size of the public service between December and June aligns with the Government’s commitment to a public service focused on performance and the delivery of essential services for New Zealanders.

    “We’ve had to make some tough decisions. I feel for anyone who has lost their job, but no government can live beyond its means indefinitely, and we have to restore discipline to public spending by spending taxpayers’ money as carefully as they do.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Accounts confirm need for spending restraint

    Source: New Zealand Government

    The Crown accounts for the 2023/24 year underscore the need for the Government’s ongoing efforts to restore discipline to public spending, Finance Minister Nicola Willis says.

    The Financial Statements of the Government for the year ended 30 June 2024 were released today.

    They show net core Crown net debt at the end of the financial year was $175 billion, or 42.5 per cent of GDP. That was less than the 43.1 per cent forecast in the Budget, but still represents an increase of $118 billion in only five years.

    Core Crown spending in 2023/24 was $139 billion, we are now spending $58 billion more than when the last National-led government left office.

    The operating balance before gains and losses (OBEGAL) was a deficit of $12.9 billion – the fifth deficit in a row. The OBEGAL deficit was $1.8 billion more than forecast in the Budget, due to worse-than-expected results from Crown entities and state-owned enterprises.

    “Government spending has skyrocketed over the last six years and so has government debt,” Nicola Willis says. 

    “The coalition Government is committed to driving more value from government spending, getting the books back in surplus and starting to bring down net debt as a proportion of gross domestic product.

    “The accounts also show the corrosive impact of low growth and low productivity on the government’s financial performance. 

    “The coalition Government is determined to drive economic growth which is why it is focusing on lifting education and skills development, boosting trade and investment, investing in science and innovation, improving regulation and competition, and building an enduring infrastructure pipeline.”  

    Nicola Willis says it is also important to note that, while the Government didn’t set the Budget for 2023/24, it made decisions in the mini-Budget and in Budget 2024 that improved OBEGAL by $1.1 billion in the just-completed year.

    “Future Budgets will continue to demonstrate our respect for taxpayers and good stewardship of public money.”

    The next major fiscal announcement is the Half Year Update and Budget Policy Statement which will be released on Tuesday 17 December. 

    MIL OSI New Zealand News –

  • MIL-OSI: 21Shares Grows its European Crypto ETP Lineup with the Launch of Future of Crypto Index ETP (FUTR)

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, 10 October 2024 – 21Shares AG (“21Shares”), one of the world’s largest issuers of crypto exchange traded products (ETPs), today announced the launch of the 21Shares Future of Crypto Index ETP (FUTR) on Euronext Paris and Euronext Amsterdam. FUTR represents the latest addition to its growing European product lineup, representing the firm’s 44th crypto ETP, its 10th crypto basket ETP, and its first-ever crypto megatheme ETP.

    Exchange Product Name Ticker ISIN Fee
    Euronext Paris 21Shares Future of Crypto Index ETP FUTR FP CH1382892102 1.49%
    Euronext Amsterdam 21Shares Future of Crypto Index ETP FUTR NA CH1382892102 1.49%

    “Global excitement, demand and momentum for crypto is undeniable. And 21Shares has been at the forefront of increasing global access to the crypto asset class since inception in 2018 – offering investors a six-year track record of developing, launching and managing crypto ETPs,” said Hany Rashwan, Co-Founder and CEO of 21Shares. “As 21Shares’ first-ever crypto megatheme ETP, FUTR represents the next evolution of the firm’s European product lineup and a potential opportunity for investors looking for the next step after allocating to Bitcoin (BTC) and Ethereum (ETH).”

    Rashwan continued: “With the launch of FUTR, 21Shares is thrilled to leverage the firm’s world-class product development and research capabilities to bring investors access to a future-oriented, broad-based index offering easy exposure to the most promising sectors of the crypto ecosystem.”

    FUTR provides investors with comprehensive exposure to the top sectors and themes anticipated to drive the future growth of the crypto market. By tracking a broad-based index that covers over 80% of the market, the ETP offers exposure to six key megathemes expected to drive long-term growth in the crypto market:

    1. Payment Platforms: Payment platforms are blockchains or protocols specialized in transferring value.
    2. Smart Contract Platforms: A smart contract platform is a base blockchain with built-in general-purpose programmability that allows developers to write smart contracts and launch decentralized applications (dApps).
    3. Blockchain Accelerators: A blockchain accelerator is a separate blockchain that helps augment the network capacity of a settlement blockchain by orders of magnitude while inheriting the security guarantees of the latter.
    4. Decentralized Finance (DeFi): Decentralized finance is internet-native financial infrastructure that does not rely on a centralized institution such as a bank, broker, or similar intermediaries.
    5. AI and Data Solutions: This refers to platforms that leverage artificial intelligence and data technologies to enhance various aspects of crypto ecosystems.
    6. Social and Gaming: This refers to an overlaying sector between blockchain, crypto, and the gaming industries, along with social elements that enhance player interactions and community building.

    FUTR takes a market-capitalization weighted approach, with leading assets from each of these six megathemes. In addition, FUTR offers dynamic allocation, a strategy that evolves with the market to provide alignment with emerging trends and opportunities. Further, FUTR excludes meme tokens, privacy tokens and assets below a $2M liquidity threshold, focusing on quality investments. FUTR is 100% physically backed by the underlying assets stored securely in cold storage by an institutional-grade custodian, offering enhanced protection.

    21Shares worked with MarketVector Indexes as the index provider for FUTR. MarketVector Indexes brings deep market knowledge in crypto indices to the digital assets landscape.

    “The 21Shares Future of Crypto Index provides a dynamic framework for tracking key sectors driving the next phase of crypto growth. We’re excited to partner with 21Shares on this forward-thinking, innovative product”, said Steven Schoenfeld, CEO of MarketVector Indexes.

    The launch of FUTR also represents an expansion of 21Shares’ collaboration with Flow Traders, who will act as the market maker for the product.

    “This is another step forward in supporting the broader adoption of digital assets, and we are thrilled to continue to expand our role in being the leading liquidity provider in the crypto ETP space as well as our partnership with 21Shares,” said Michael Lie, Global Head of Digital Assets at Flow Traders. “Innovative products like FUTR with diversified exposure to key themes in crypto, much like sector ETFs in TradFi, are going to be essential in expanding the full reach of digital assets and its value to financial markets. In our role, we will continue supporting innovative products and driving the convergence of TradFi and crypto.”

    For more details about the 21Shares Future of Crypto Index ETP, including the factsheet, please click here.

    Press Contact

    Audrey Belloff, Head of Global Communications, audrey.belloff@21.co

    About 21.co / 21Shares

    21.co is the world’s leader in providing access to crypto through simple and easy to use products. 21.co is the parent company of 21Shares, one of the world’s largest issuers of crypto exchange traded products (ETPs) – which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties. The company was founded in 2018 by Hany Rashwan and Ophelia Snyder. 21Shares is registered in Zurich, Switzerland with offices in Zurich, London and New York. For more information, please visit 21Shares.

    About MarketVector Indexes – http://www.marketvector.com

    MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 50 billion in assets under management.

    About Flow Traders

    Flow Traders is a leading multi-asset market maker founded more than twenty years ago, the firm expanded into digital assets trading in 2017, focusing on centralized exchanges before expanding its operations to include over-the-counter trading, options trading and decentralized finance. Additionally, Flow Traders strategically invests in builders and teams driving the convergence of centralized and decentralized finance.

    DISCLAIMER

    This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

    This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

    Within the United Kingdom, this document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Exclusively for potential investors in any EEA Member State that has implemented the Prospectus Regulation (EU) 2017/1129 the Issuer’s Base Prospectus (EU) is made available on the Issuer’s website under http://www.21Shares.com.

    The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

    This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2023 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with SIX Exchange Regulation AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2023 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

    ###

    The MIL Network –

  • MIL-OSI Australia: Two youths arrested over Broadview break-in

    Source: South Australia Police

    Operation Meld is continuing to investigate a break-in at Broadview in July.  Two teenagers have now been arrested.

    Police were called to a home in Beaven Avenue, Broadview after four males wearing balaclavas forced their way inside the address about 11.30pm on Tuesday 23 July.

    The suspects were armed with a firearm and machetes and threatened the four occupants.  There were no reported injuries.

    Following investigations by Operation Meld detectives, a 15-year-old boy from Kilburn was arrested on 30 August and charged with aggravated serious criminal trespass.  He was refused police bail and appeared in the youth court.

    Yesterday, Wednesday 9 October, a second suspect, a 17-year-old boy from Adelaide, was arrested.  He was charged with aggravated serious criminal trespass and firearms offences and appeared in the Adelaide Youth Court today.

    Investigations are continuing to identify and locate the two outstanding suspects.

    Anyone with information that may assist the investigation is asked to contact Crime Stoppers on 1800 333 000 or online at http://www.crimestopperssa.com.au

    CO2400189252

    MIL OSI News –

  • MIL-OSI: Cyber A.I. Group and A1 Advisory Announce Strategic Partnership

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and LONDON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cyber A.I. Group, Inc., an emerging growth Cybersecurity, Artificial Intelligence and IT services company engaged in the acquisition of a broad spectrum of Cybersecurity service providers on an international basis, and A1 Advisory, a London-based advisory firm specializing in advisory and investor relations services for technology-driven companies, today announced they have entered into a definitive agreement to provide strategic advisory services to support Cyber A.I. Group’s future growth initiatives.

    This collaboration marks a pivotal step for Cyber A.I. Group as it seeks to expand its global reach into new markets and sectors. With A1 Advisory’s expertise in identifying, introducing, and securing through their investor relations network investment capital, the partnership will focus on identifying key global relationships to support Cyber A.I. Group’s long-term vision for innovation and market leadership.

    “We are excited to partner with A1 Advisory to take our global outreach to the next level,” said Walter Hughes, CEO of Cyber A.I. Group. “Their deep relationships with investors will be invaluable as we scale our operations and continue to push the boundaries of A.I. and Cybersecurity.”

    A1 Advisory has a strong focus of working with high-growth technology companies and matching them with investors who provide capital and strategic value. The firm will leverage its investor relations network and expertise to assist the capital raise, which can accelerate Cyber A.I. Group’s expansion efforts while supporting the Company’s mission of enhancing Cybersecurity through A.I.-driven solutions.

    “We are excited to collaborate with Cyber A.I. Group, a company that is at the threshold of meteoric growth through the execution of its Buy & Build business model in the Cybersecurity and Artificial Intelligence space,” said Nick Sylvester, Chief Investment Officer of A1 Advisory. “By working together, we aim to introduce through our investor outreach the strategic capital which not only supports accelerated growth but is also aligned with the company’s strategic goals and growth trajectory.”

    A1 has already commenced significant outreach with both firms working closely to identify prospective institutional and retail relationships. This collaboration comes at a time of heightened interest in A.I.-driven technologies, with the global A.I. market projected to grow significantly in the coming years.

    For more information, please visit cyberaigroup.io or a1advisory.io.

    About A1 Advisory

    A1 Advisory is a premier London-based advisory firm that specializes in strategic advisory and investor relations services for technology-driven companies. With a network of top-tier investors and a deep understanding of capital markets, A1 Advisory helps clients accelerate growth and achieve their strategic goals. For more information, please visit: a1advisory.io.

    About Cyber A.I. Group

    Cyber A.I. Group, Inc. is an international company engaged in the acquisition and management of worldwide Cybersecurity and IT services firms. Cyber A.I. is pursuing a highly proactive “Buy & Build” strategy to rapidly expand operations internationally by acquiring a broad spectrum of IT services companies and repositioning them to address fast-growing market needs for Cybersecurity and Artificial Intelligence (A.I.) markets. The Company has developed an active pipeline of 100+ perspective acquisitions which are in various stages of analysis. The Company’s initial target is to acquire multiple companies representing aggregate revenues annualizing $100 million. Cyber A.I.’s business model is focused on the acquisition and consolidation of IT services companies with proven ability in broad conventional technology services with strong cash flow and enhance performance through A.I.-driven Cybersecurity initiatives. This emphasis on conventional companies with strong revenues and EBITDA distinguishes Cyber A.I. from the explosion of A.I. startups that may be pinning their future on a single technological breakthrough which may never materialize. This “Buy &Build” strategy provides Cyber A.I. with the maximum flexibility for diversification and risk management for moving into new fields and addressing fast moving market opportunities. For additional information, please visit: cyberaigroup.io.

    Paris:
    17-21 Rue Saint-Fiacre
    Paris 75002, France

    New York:
    641 Lexington Avenue, 14th Floor,
    New York, NY 10022

    Miami:
    990 Biscayne Blvd., Suite 503
    Miami, FL 33132

    A video accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b084e815-77b5-43c7-9afb-67eed27fe758

    Images accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/3af8503d-d6bf-484f-90de-51532d62ac88
    https://www.globenewswire.com/NewsRoom/AttachmentNg/628144cd-3601-4d7b-ba2c-1b1826b65a33

    The MIL Network –

  • MIL-OSI Europe: CIPESS meeting of 9 October 2024

    Source: Government of Italy (English)

    9 Ottobre 2024

    A meeting of the Interministerial Committee for Economic Planning and Sustainable Development (CIPESS) was held today, chaired by Vice-President of the Committee and Minister of Economy and Finance Giancarlo Giorgetti, and with the CIPESS Secretary, Undersecretary of State to the Presidency of the Council of Ministers Alessandro Morelli, in attendance. The meeting approved a number of important measures regarding infrastructure.

    MIL OSI Europe News –

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

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the website green-vest.net. According to information available to BaFin, Green-Vest Investment Company, Dallas, USA, offers financial and investment services there without authorization.

    On 25 April 2024, BaFin issued a warning about the identical website green-vest.io, which was allegedly also operated by Green-Vest Investment Company.

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

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

    Please be aware:

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

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Safety bulletin 4/2024 published

    Source: United Kingdom – Executive Government & Departments

    Owners, operators and skippers of fishing vessels fitted with side shell doors urged to ensure suitable and sufficient risk assessment of watertight integrity.

    Image courtesy of Royal Air Force

    Today, we have issued a safety bulletin to the fishing vessel community following the foundering of fishing vessel Argos Georgia approximately 190 nautical miles east of Port Stanley, Falkland Islands on 22 July 2024, with the loss of 13 lives.

    The bulletin, available via this link, contains details of what happened, initial findings, safety lessons and a recommendation.

    The Marine Accident Investigation Branch is carrying out an investigation on behalf of St Helena Government.

    Media enquiries (telephone only)

    Media enquiries during office hours 01932 440015

    Media enquiries out of hours 0300 7777878

    Updates to this page

    Published 10 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI: Cash flows (CK94) – Totalkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To the Nasdaq Copenhagen

    Cash flows (CK94)

    Pursuant to s 24 Danish Capital Markets Act, Totalkredit A/S hereby publishes cash flows on open and closed annuity, index-linked and serial loans computed as at October 2024 in the attached file.

    Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/filarkiv/.

    For further information about data format and contents, please refer to the Nasdaq website.

    Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21.

    Yours sincerely
    Totalkredit A/S

    Attachments

    The MIL Network –

  • MIL-OSI: Cash flows (CK94) – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To the Nasdaq Copenhagen

    Cash flows (CK94)

    Pursuant to s 24 Danish Capital Markets Act, Nykredit Realkredit A/S hereby publishes cash flows on open and closed annuity, index-linked and serial loans computed as at October 2024 in the attached file.

    Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/filarkiv/.

    For further information about data format and contents, please refer to the Nasdaq website.

    Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21.

    Yours sincerely
    Nykredit Realkredit A/S

    Attachments

    The MIL Network –

  • MIL-OSI China: PBOC and MOF Joint Working Group Holds its First Official Meeting

    Source: Peoples Bank of China

    In order to implement the guidelines of the Third Plenary Session of the 20th CPC Central Committee, as well as the requirement put forward at the Central Financial Work Conference to enrich the toolbox of monetary policy by gradually increasing the purchase and sale of government bonds in the central bank’s open market operations, the People’s Bank of China (PBOC) and the Ministry of Finance (MOF) have established a joint working group. Its first official meeting was held recently. Xuan Changneng, Deputy governor of the PBOC and Liao Min, Vice Minister of Finance attended and addressed the meeting. At the meeting, both sides highly recognized their previous close cooperation in buying and selling government bonds by the central bank. They also established the mechanism for the operation of the working group, and exchanged opinions on issues such as the operation of the bond market. Both agreed that the central bank’s buying and selling of government bonds is an important means to enrich the monetary toolbox and strengthen the liquidity management. Moving forward, both sides should strike a balance between development and security, and keep on promoting policy coordination. They should continuously improve relevant institutional arrangements, regulate the bond market and maintain its stable development, so as to provide a favourable market environment for the central bank to buy and sell government bonds. Officials from relevant departments of the PBOC and the MOF also attended the meeting.

    Date of last update Nov. 29 2018

    2024年10月09日

    MIL OSI China News –

  • MIL-OSI Russia: SUM student receives personal scholarship from Financial Market Council

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    The 2nd ceremony of awarding scholarship certificates of the financial market program “Investments in the Future” was held in the Congress Center of the Chamber of Commerce and Industry of the Russian Federation. One of the certificates was awarded to a student of the Institute of Economics and Finance of the State University of Management Khagai Ifraimov.

    The scholarship program of corporate and personal scholarships “Investments in the Future” was established in 2022 on the initiative of the Financial Market Council, with the support of the Chamber of Commerce and Industry and the Eurasian Economic Council. The program is designed to provide financial support to talented students and young scientists from universities and colleges of the EurAsEC and the CIS.

    In the 2024/2025 academic year, 113 universities and colleges in Russia and Kazakhstan are participating in the program, the “Investments in the Future” fund amounted to 28 million rubles. The scholarship council selected 230 recipients on a competitive basis, 28 of whom were awarded personal scholarships in honor of famous scientists, teachers, government and public figures. The annual scholarship amount is 120 thousand rubles – students will receive 10 thousand rubles per month.

    The founders of the scholarships include banks, insurance companies, non-state pension funds, industrial enterprises and humanitarian organizations. The organizations themselves choose the university or secondary specialized educational institution for whose students they are ready to establish a scholarship.

    The founder of the scholarship for the GUU student Khagai Ifraimov was the Specialized Depository Company “Garant”. Khagai is a 4th-year student at the IEF in the “Financial Management” program. He shared with us his impressions of the scholarship awarding ceremony:

    “Having received a scholarship from the Russian Financial Market Council, I felt an incredible surge of joy and pride. This is not only recognition of my efforts and work, but also an incentive for further self-improvement. I understood that the scholarship would open doors to the world of finance, allow me to meet many key and iconic figures in the Russian financial market. My determination to work even harder only increased, because this support is a step towards achieving goals and strengthening faith in my own strengths.”

    We wish Khagai further success in his studies!

    Subscribe to the TG channel “Our GUU” Date of publication: 10.10.2024

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    SUM student receives personal scholarship from Financial Market Council

    MIL OSI Russia News –

  • MIL-OSI: TC Energy announces upsizing and results of its cash tender offers

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced that TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, has released (i) the results of its previously announced seven separate offers (the “Offers”) to purchase for cash the outstanding notes of the series listed in the table below (collectively, the “Notes”) and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from US$1,750,000,000 to US$1,809,000,000, an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1 – 5 in full, in accordance with the terms of the Tender Documents (as defined below).

    The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated Oct. 1, 2024 relating to the Notes (the “Offer to Purchase”) and the notice of guaranteed delivery attached as Appendix A thereto (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

    The Offers expired at 5 p.m. (Eastern time) on Oct. 8, 2024 (the “Expiration Date”). The Guaranteed Delivery Date will be the second business day after the Expiration Date and is expected to be Oct.10, 2024. The Settlement Date will be the fourth business day after the Expiration Date and is expected to be Oct. 15, 2024.

    According to information provided by D.F. King & Co., Inc., the Information and Tender Agent in connection with the Offers, US$2,870,274,000 combined aggregate principal amount of Notes were validly tendered prior to or at the Expiration Date and not validly withdrawn. In addition, US$78,193,000 combined aggregate principal amount of Notes were tendered pursuant to the Guaranteed Delivery Procedures and remain subject to the Holders’ performance of the delivery requirements under such procedures. The table below provides certain information about the Offers, including the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Expiration Date and the aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery delivered at or prior to the Expiration Date pursuant to the Tender Offer Documents.

    Acceptance
    Priority
    Level    		 Title of Notes CUSIP / ISIN
    Nos. (1)    		 Principal
    Amount
    Outstanding    		 Total
    Consideration(2)    		 Principal
    Amount
    Tendered(3)    		 Principal
    Amount
    Accepted(3)    		 Principal
    Amount
    Reflected in
    Notices of
    Guaranteed
    Delivery
    1 2.500% Senior Notes due 2031 89352HBC2 / US89352HBC25 US$1,000,000,000 US$887.76 US$739,213,000 US$739,213,000 US$47,207,000
    2 5.000% Senior Notes due 2043 89352HAL3 / US89352HAL33 US$625,000,000 US$965.85 US$200,842,000 US$200,842,000 —
    3 4.875% Senior Notes due 2048 89352HAY5 / US89352HAY53 US$1,000,000,000 US$941.07 US$440,800,000 US$440,800,000 US$4,281,000
    4 5.100% Senior Notes due 2049 89352HAZ2 / US89352HAZ29 US$1,000,000,000 US$977.29 US$179,924,000 US$179,924,000 US$19,144,000
    5 4.750% Senior Notes due 2038 89352HAX7 / US89352HAX70 US$500,000,000 US$963.02 US$313,189,000 US$313,189,000 US$1,611,000
    6 4.250% Senior Notes due 2028 89352HAW9 / US89352HAW97 US$1,400,000,000 US$994.82 US$566,368,000 — US$5,880,000
    7 4.875% Senior Notes due 2026 89352HAT6 / US89352HAT68 US$850,000,000 US$1,003.36 US$429,938,000 — US$70,000

    (1) No representation is made by the Company as to the correctness or accuracy of the CUSIP numbers or ISINs listed in this News Release or printed on the Notes. They are provided solely for convenience. 
    (2) The total consideration for each series of Notes (such consideration, the “Total Consideration”) payable per each US$1,000 principal amount of such series of Notes validly tendered for purchase. 
    (3) The amounts exclude the principal amounts of Notes for which Holders have complied with certain procedures applicable to guaranteed delivery pursuant to the Guaranteed Delivery Procedures. Such amounts remain subject to the Guaranteed Delivery Procedures. Notes tendered pursuant to the Guaranteed Delivery Procedures are required to be tendered at or prior to 5 p.m. (Eastern time) on Oct. 10, 2024.

    Overall, US$1,873,968,000 aggregate principal amount of Notes have been accepted for purchase, excluding the Notes delivered pursuant to the Guaranteed Delivery Procedures. The Maximum Purchase Condition (after giving effect to the increase described above) has been satisfied with respect to the Offers in respect of the series of Notes with Acceptance Priority Levels 1 – 5. Accordingly, all Notes of those series that have been validly tendered and not validly withdrawn at or prior to the Expiration Date have been accepted for purchase. Because the Maximum Purchase Condition was not satisfied with respect to the series of Notes with Acceptance Priority Levels 6 and 7, the Company has not accepted any Notes of such series (as indicated in the table above) and will promptly return all validly tendered Notes of such series to the respective tendering Holders.

    Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes have been accepted for purchase in the Offers will receive the applicable Total Consideration specified in the table above for each US$1,000 principal amount of such Notes, which will be payable in cash on the applicable Settlement Date.

    In addition to the applicable Total Consideration, Holders whose Notes have been accepted for purchase will be paid the Accrued Coupon Payment. Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offers, including those tendered pursuant to the Guaranteed Delivery Procedures. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by the Depository Trust Company (“DTC”) or its participants.

    The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase. The Company reserves the right, subject to applicable law, to waive any and all conditions to any Offer. If any of the conditions is not satisfied, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered notes, in each event subject to applicable laws, and may terminate or alter any or all of the Offers.

    The Company has retained Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC to act as the dealer managers (the “Dealer Managers”) for the Offers. Questions regarding the terms and conditions for the Offers should be directed to Deutsche Bank Securities Inc. at (866) 627-0391 (toll-free) or (212) 250-2955 (collect), J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-4818 (collect), Morgan Stanley & Co. LLC at (800) 624-1808 (toll-free) or (212) 761-1057 (collect), or RBC Capital Markets, LLC at (877) 381-2099 (toll-free) or (212) 618-7843 (collect).

    D.F. King & Co., Inc. acts as the Information and Tender Agent for the Offers. Questions or requests for assistance related to the Offers or for additional copies of the Offer to Purchase may be directed to D.F. King & Co., Inc. in New York by telephone at +1 (212) 269-5550 (for banks and brokers only) or +1 (866) 620-9554 (for all others toll-free), or by email at TCEnergy@dfking.com. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. The Tender Offer Documents can be accessed at the following link: http://www.dfking.com/transcanada.

    If the Company terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Information and Tender Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. Upon such termination, any Notes blocked in DTC will be released.

    This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities of TC Energy, the Company or any of their subsidiaries. The Offers were made solely pursuant to the Offer to Purchase. The Offers were not made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, “blue sky” or other laws of such jurisdiction. In any jurisdiction in which the securities laws or “blue sky” laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

    No action has been or will be taken in any jurisdiction that would permit the possession, circulation or distribution of either this announcement, the Offer to Purchase or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither this announcement, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations of any such country or jurisdiction.

    Forward-looking Statements

    This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as “forward-looking statements”). Forward-looking statements include: statements regarding the terms and timing for completion of the Offers, including the settlement dates of the Notes accepted for purchase; and the satisfaction or waiver of certain conditions of the Offers.

    Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of TC Energy to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, conditions in financial markets, investor response to the Offers, and other risk factors as detailed from time to time in TC Energy’s reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission.

    Readers are cautioned against unduly relying on forward-looking statements. Forward-looking statements are made as of the date of the relevant document and, except as required by law, TC Energy undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise.

    About TC Energy

    We’re a team of 7,000+ energy problem solvers working to safely move, generate and store the energy North America relies on. Today, we’re delivering solutions to the world’s toughest energy challenges – from innovating to deliver the natural gas that feeds LNG to global markets, to working to reduce emissions from our assets, to partnering with our neighbours, customers and governments to build the energy system of the future. It’s all part of how we continue to deliver sustainable returns for our investors and create value for communities.

    TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

    -30-

    Media Inquiries:
    Media Relations
    media@tcenergy.com
    403-920-7859 or 800-608-7859

    Investor & Analyst Inquiries:
    Gavin Wylie / Hunter Mau
    investor_relations@tcenergy.com
    403-920-7911 or 800-361-6522

    PDF available: http://ml.globenewswire.com/Resource/Download/bcaa59bc-903b-47da-a879-8029104445fa

    The MIL Network –

  • MIL-OSI: TC Energy announces expiration and upsizing of cash tender offers for certain Canadian-dollar denominated debt securities

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW).

    CALGARY, Alberta, Oct. 09, 2024 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) today announced (i) the expiration of the previously announced separate offers (the “Offers”) of TransCanada PipeLines Limited (the “Company”), a wholly-owned subsidiary of TC Energy, to purchase for cash up to C$350,000,000 in aggregate purchase price, excluding accrued and unpaid interest, (the “Maximum Purchase Amount”) of its outstanding notes of the two series listed in the table below (collectively, the “Notes”) at 5 p.m. (Toronto time) on Oct. 8, 2024 (the “Expiration Date”) and (ii) the Company has amended the Offers by increasing the Maximum Purchase Amount from C$350,000,000 in aggregate purchase price, excluding accrued and unpaid interest, to C$575,000,000 in aggregate principal amount.

    The Offers

    The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated Oct. 1, 2024 relating to the Notes (the “Offer to Purchase”). Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase.

    According to information provided by TSX Trust Company, the Tender Agent, C$1,199,486,000 combined aggregate principal amount of the Notes were validly tendered in connection with the Offers prior to or at the Expiration Date and not validly withdrawn. The table below provides certain information about the Offers, including the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn prior to the Expiration Date.

    Title of Notes(1) Principal
    Amount
    Outstanding    		 CUSIP / ISIN
    Nos.     (1)    		 Reference
    Security(2)    		 Bloomberg
    Reference
    Page    (2)    		 Fixed Spread
    (Basis Points)    (2)    		 Principal Amount
    Tendered
    4.180% Senior Notes due 2048 C$1,100,000,000 89353ZCC0 / CA89353ZCC01 CAN 2 ¾ 12/01/55 FIT CAN0-50 160 C$892,057,000
    3.390% Senior Notes due 2028 C$500,000,000 89353ZCA4 / CA89353ZCA45 CAN 3 ½ 03/01/28 FIT CAN0-50 60 C$307,429,000

    (1) No representation is made by TC Energy or the Company as to the correctness or accuracy of the CUSIP numbers or ISINs listed in this news release or printed on the Notes. They are provided solely for convenience.

    (2) The total consideration for each series of Notes (such consideration, the “Total Consideration”) payable per each C$1,000 principal amount of such series of Notes validly tendered and accepted for purchase will be based on the applicable Fixed Spread specified in the table above for such series of Notes, plus the applicable yield based on the bid-side price of the applicable Canadian reference security as specified in the table above, as quoted on the applicable Bloomberg Reference Page as of 10 a.m. (Toronto time) on Oct. 9, 2024, unless extended by the Company with respect to the applicable Offer. The Total Consideration does not include the applicable Accrued Coupon Payment, which will be payable in cash in addition to the applicable Total Consideration.

    Indicative Series Acceptance Amounts

    The Company expects to accept for purchase C$575,000,000 in aggregate principal amount of the 4.180% Senior Notes due 2048 (the “2048 Notes”) tendered into the Offer for such Notes on a pro rata basis within such series, with the actual amount accepted to be adjusted for rounding due to proration. The Company does not expect to accept for purchase any of the 3.390% Senior Notes due 2028 tendered into the Offer for such Notes.

    Pricing and Settlement

    Pricing in respect of the 2048 Notes is expected to occur at 10 a.m. (Toronto time) on Oct. 9, 2024, following which the Final Acceptance Amount, the Offer Yield and the Total Consideration in respect of the 2048 Notes validly tendered and accepted for purchase pursuant to the Offers will be announced by the Company.

    The “Settlement Date” in respect of any 2048 Notes validly tendered and accepted for purchase pursuant to the Offer for such Notes is expected to be Oct. 15, 2024. The Company will also pay an Accrued Coupon Payment in respect of 2048 Notes validly tendered and accepted for purchase pursuant to the Offer for such Notes. Holders whose 2048 Notes are accepted for purchase will lose all rights as Holder of the tendered 2048 Notes and interest will cease to accrue on the Settlement Date for all 2048 Notes accepted in the Offer for such Notes.

    The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase. The Company reserves the right, subject to applicable law, to waive any and all conditions to any Offer. If any of the conditions is not satisfied, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each event subject to applicable laws, and may terminate or alter any or all of the Offers.

    Deutsche Bank Securities Inc. (“Deutsche Bank”), J.P. Morgan Securities Canada Inc. (“JPM”), Morgan Stanley Canada Limited (“MS”) and RBC Dominion Securities Inc. (“RBC”) are acting as the dealer managers (the “Dealer Managers”) for the Offers. Questions regarding the terms and conditions for the Offers or for copies of the Offer to Purchase should be directed to JPM at 1.403.532.2126, MS at 1.416.943.8400 or RBC at 1.877.381.2099 (toll-free) or 1.416.842.6311 (collect). Deutsche Bank is not registered as a dealer in any Canadian jurisdiction and, accordingly, neither it nor any of its affiliates will, directly or indirectly, advertise, solicit, facilitate, negotiate, effect or take any other act in furtherance of any purchase or tender of Notes in connection with the Offers and any such solicitation, advertisement or other act with respect to the Offers will be conducted by JPM, MS and RBC. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

    If the Company terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Tender Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. With effect from such termination, any Notes blocked in CDS will be released.

    Offer and Distribution Restrictions

    The Offers were made solely pursuant to the Offer to Purchase. This news release does not constitute a solicitation of an offer to buy any securities in the United States. No Offer constitutes an offer or an invitation by, or on behalf of, TC Energy, the Company or the Dealer Managers (i) to participate in the Offers in the United States; (ii) to, or for the account or benefit of, any “U.S. person” (as such term is defined in Regulation S of the U.S. Securities Act of 1933, as amended); or (iii) to participate in the Offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction, and such persons are not eligible to participate in or tender any securities pursuant to the Offers. No action has been or will be taken in the United States or any other jurisdiction that would permit the possession, circulation or distribution of this news release, the Offer to Purchase or any other offering material or advertisements in connection with the Offers to (i) any person in the United States; (ii) any U.S. person; (iii) anyone in any other jurisdiction in which such offer or solicitation is not authorized; or (iv) any person to whom it is unlawful to make such offer or solicitation. Accordingly, neither this news release, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from the United States or any such other jurisdiction (except in compliance with any applicable rules or regulations of such other jurisdiction). Tenders will not be accepted from any holder located or resident in the United States.

    In any jurisdiction in which the securities laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

    This news release is for informational purposes only. This news release is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities of TC Energy, the Company or any of their subsidiaries.

    Forward-Looking Statements

    This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as “forward-looking statements”). Forward-looking statements include: statements regarding the terms and timing for completion of the Offers, including the acceptance for purchase of any Notes validly tendered and the expected Settlement Date thereof; and the satisfaction or waiver of certain conditions of the Offers.

    Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of TC Energy to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, conditions in financial markets, investor response to the Offers, and other risk factors as detailed from time to time in TC Energy’s reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission.

    Readers are cautioned against unduly relying on forward-looking statements. Forward-looking statements are made as of the date of the relevant document and, except as required by law, TC Energy undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise.

    About TC Energy

    We’re a team of 7,000+ energy problem solvers working to safely move, generate and store the energy North America relies on. Today, we’re delivering solutions to the world’s toughest energy challenges – from innovating to deliver the natural gas that feeds LNG to global markets, to working to reduce emissions from our assets, to partnering with our neighbours, customers and governments to build the energy system of the future. It’s all part of how we continue to deliver sustainable returns for our investors and create value for communities.

    TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

    -30-

    Media Inquiries:
    Media Relations
    media@tcenergy.com
    403-920-7859 or 800-608-7859

    Investor & Analyst Inquiries:
    Gavin Wylie / Hunter Mau
    investor_relations@tcenergy.com
    403-920-7911 or 800-361-6522

    PDF available: http://ml.globenewswire.com/Resource/Download/ef553881-2d73-4dda-9255-428724543d0a

    The MIL Network –

  • MIL-OSI United Kingdom: Orkney ferry funding

    Source: Scottish Government

    Government support to help council replace fleet.

    Orkney Islands Council has secured £3 million Scottish Government funding for plans to replace its internal ferry fleet.

    The funding will help the local authority develop a planned pilot for two electric ferries and its business case for a replacement internal ferry fleet.

    The council plans to introduce eight new vessels to link communities and boost tourism. This includes three large ferries to serve the islands of Westray, Stronsay, Sanday and Eday with plans being drawn up for all of Orkney’s air and ferry-linked island communities. 

    The Orkney funding is on top of an additional £42 million provided in this year’s budget to support local authority ferry services across Scotland.

    Finance Secretary Shona Robison – who chairs the Orkney Internal Ferry Replacement Task Force – said:

    “This funding will enable Orkney Islands Council to take forward its business case to replace its internal ferry fleet. It will also help bring forward their pilot of electric ferries and I am grateful to Orkney Islands Council for its constructive engagement through this process. 

    “The Scottish Government is committed to working alongside Scotland’s island communities, to empower them to thrive. Since 2021-22 our Islands Programme has distributed more than £12 million to support 61 critical infrastructure projects on 50 islands.

    “We are also collaborating with islanders, local authorities and delivery partners to ensure that the new National islands Plan – which we expect to publish next year – meets their needs and supports their ambitions.”

    Orkney Islands Council Leader Heather Woodbridge said:

    “The engagement with the Scottish Government through the task force has been extremely constructive – and we very much welcome this funding announcement which puts us on a sure footing as we progress our work at pace on the final business case. 

    “This funding package is the first financial commitment in the collaborative approach that is being taken to replace Orkney’s ageing internal ferry fleet, with discussions continuing on the delivery of the next tranche of business case funding and the shape of the financial model that will allow us to provide a modern ferry fleet that our island communities need and deserve.”

    Background

    In May, First Minister John Swinney announced a £5 million package of support for island communities ahead of a new National Islands Plan publishing next year.

    The new Programme for Government commits the Scottish Government to the continuation of the Islands Cost Crisis Emergency Fund worth £1 million in 2024-25 and with an even stronger focus on child poverty. The fund helps local authorities support those islanders most affected by cost-of-living pressures.

    MIL OSI United Kingdom –

  • MIL-OSI China: China’s central bank, finance ministry hold first joint meeting on treasury bond trading

    Source: People’s Republic of China – State Council News

    China’s central bank, finance ministry hold first joint meeting on treasury bond trading

    BEIJING, Oct. 9 — China’s central bank said Wednesday that it had held the first joint working group meeting with the Ministry of Finance to discuss treasury bond trading in its open market operations.

    The two authorities established an operating mechanism of the joint working group, and exchanged their views on the country’s bond market development at the meeting, according to a statement from the People’s Bank of China.

    Buying and selling treasury bonds in its open market operations is an important means for the central bank to enrich the monetary policy toolbox and strengthen liquidity management, according to the meeting.

    The two authorities will coordinate development and security, strengthen policy synergy, maintain the stable development of the bond market, and provide a sound environment for central bank’s treasury bond trading in its open market operations.

    The central bank conducted open market treasury bond transactions in August and September, resulting in a net purchase of bonds with a face value of 100 billion yuan (about 14.17 billion U.S. dollars) and 200 billion yuan, respectively.

    Analysts interpreted the net bond purchase by the central bank as a clear signal of its intensified monetary policy efforts to support stable economic growth and expand domestic demand.

    Pan Gongsheng, governor of the People’s Bank of China, told a press conference on Sept. 24 that the central bank had incorporated the trading of treasury bonds into the monetary policy toolbox. He also noted that the bank is working with the Ministry of Finance to study on improving the issuance pace, maturity structure, and custody system of treasury bonds.

    MIL OSI China News –

  • MIL-OSI United Kingdom: New warship steel cut milestone supports thousands of UK jobs

    Source: United Kingdom – Executive Government & Departments 3

    The production of HMS Formidable underway as steel is cut. Production will sustain 2,500 jobs in Scotland and across the UK, supporting economic growth.

    Thousands of jobs and apprenticeships are being supported through warship building, as a major milestone was reached today in the production of the Navy’s future high-tech frigates.  

    Steel was cut on HMS Formidable, the third of the Royal Navy’s new Type 31 warships, at a ceremony in the Rosyth shipyard, reinforcing the Ministry of Defence’s commitment to shipbuilding in Scotland.

    All five frigates will be built in Rosyth, sustaining over 2,500 jobs in Scotland and across the wider supply chain. The work will also create an additional 400 apprenticeship roles, driving economic growth.

    The five Type 31 frigates will support future maritime operations, including interception and disruption of those using the sea for unlawful purposes, intelligence gathering, defence engagement and humanitarian support. They will also be able to shoot down missiles and enemy air targets using a Sea Ceptor missile system, keeping Britain secure at home and strong abroad.

    The announcement comes ahead of the International Investment Summit which will gather UK leaders, high-profile investors and businesses from across the world to discuss how we can deepen our partnership to drive investment and growth.

    Attending the ceremony, Minister for the Armed Forces Luke Pollard said:

    This government is committed to making Britain secure at home and strong abroad. These frigates will be at the heart of the Royal Navy fleet, deterring aggression and supporting our military.

    Today’s significant milestone is backing the government’s mission to grow the economy by supporting thousands of jobs in Scotland and across the UK.  

    The programme is also a key element in the Royal Navy’s production line, sustaining and developing the British shipbuilding industry.   

    The Babcock-built Type 31 fleet will be highly adaptable and capable of rapid deployment, equipped with advanced radar, communication systems, and a variety of armaments.

    In a testament to the UK defence industry, Poland has selected Babcock’s Arrowhead 140 ship design – based on the Type 31 frigates – to equip its Navy with a new class of frigates. In a further export boost, the design has been sold to Indonesia for their own frigate production.  

    Royal Navy’s Senior Responsible Owner for the Type 31 programme, Commodore Stephen Roberts, said:

    This is a momentous occasion for all involved and we are proud to have marked this significant milestone in this way.

    When complete, this remarkable fleet of general-purpose frigates will deliver an impressive capability for Royal Navy and play a huge role in the continued security and prosperity of our nation.

    The ships will have a top speed of over 26 knots – equivalent to nearly 50 kilometres an hour – and accommodate a crew of around 100 personnel. They will replace the five Type 23 general purpose frigates. Type 23 frigates have carried out a wide variety of operations, from securing the UK’s vital maritime trade routes East of the Suez Canal to safeguarding British interests in the South Atlantic.

    Babcock’s Chief Executive, Officer David Lockwood said:

    Today, we are proud to mark yet another milestone in this important defence programme for the Royal Navy. These frigates will play a significant role in protecting the UK and supporting international partnered defence operations.

    This programme is a real demonstration of UK sovereign shipbuilding capability and is delivering positive economic impact within Scotland and in communities across the UK.  It is a privilege for our teams across Babcock to be delivering these platforms for the nation.

    The Type 31 project is managed by Defence, Equipment and Support (DE&S), the procurement arm of the Ministry of Defence. 

    DE&S’ Head of Combat Ships Delivery Group, Mark Beverstock, said:

    I am delighted that work on the third ship in the Type 31 programme is underway. From maritime security patrols and disaster-relief support, to intelligence gathering and defence engagement, these ships will be at the heart of the Royal Navy’s surface fleet.

    Updates to this page

    Published 9 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI: Banzai Announces Strategic Business Initiatives to Improve Net Income by up to $13.5 Million Annually

    Source: GlobeNewswire (MIL-OSI)

    Plan Substantially Extends Cash Runway while Maintaining Growth Plan with
    Continued Investment in Software Platform and Marketing

    SEATTLE, Oct. 09, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced a comprehensive initiative designed to significantly improve its Net Income while maintaining its growth outlook. The Company plans to accomplish this through a reduction of its annual operational expenses by up to $9.9 million by March 31, 2025, along with a reduction in other expenses by up to $3.6 million.

    Overall improvement in Net Income is expected to be approximately $13.5 million annually when fully implemented.

    The strategic initiative includes a broad range of measures including strategic workforce adjustments, operational consolidation, and various other cost-saving actions. These measures are aimed at increasing efficiency and improving scalability while continuing to build Banzai’s leadership position in the marketing technology industry. Specifically, Banzai expects to:

    Implement Workforce Adjustments

    Banzai has undertaken a strategic adjustment to reduce its staffing and independent contractor expenses by 27%, which will preserve the company’s agility and innovation capacity. Affected employees will be supported with comprehensive severance packages and resources for career transition. The Company anticipates that the total cost to implement this plan will be $0.1 million.

    Reduce Interest Expense

    Banzai has restructured its long-term debt with Columbia Pacific Advisors (“CP BF”) such that the long-term debt maturity is extended until February 19, 2027 from February 19, 2025, and 100% of interest expense is now Payable-in-Kind (“PIK”) instead of payable in cash. This substantially reduces the Company’s cash expenses. If fully converted to equity under the restructured note, the entire $1.9m annual expense would be eliminated.

    Realize Vendor Cost-Savings

    Banzai has begun implementing, and will continue to implement, a series of additional measures to further reduce expenses. These will include curtailing discretionary spending, cost-reduction measures for certain legal and accounting expenses, reduction of real-estate expenses, and leveraging automation and digital technologies to enhance operational efficiency.

    “Alongside the $5m private placement transaction and debt restructuring transactions the company has executed in the last two weeks, we believe that implementing this strategic initiative, if fully achieved, will enable us to substantially extend our cash runway and invest in growth,” said Joe Davy, CEO of Banzai. “We are dedicated to managing costs efficiently while still advancing innovative products and maintaining the exceptional service our customers rely on, all without sacrificing growth. We will continue to invest in our software platform, sales and marketing and product development. We are confident that this strategic realignment will strengthen our competitive position and contribute to our long-term success.”

    About Banzai

    Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at http://www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations:
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    http://www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network –

  • MIL-OSI: SCOR announces the filing of a tender offer for the entire share capital of MRM

    Source: GlobeNewswire (MIL-OSI)

    Press release
    October 9, 2024 – N° 14

    SCOR announces the filing of a tender offer
    for the entire share capital of MRM

    To read this information in full, please confirm that you have read and understood the disclaimer on SCOR’s website here.

    *

    *        *

    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 19.4 billion in 2023 and serves clients in around 160 countries from its 35 offices worldwide.

    For more information, visit: http://www.scor.com

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations
    Thomas Fossard
    tfossard@scor.com

    Follow us on LinkedIn
     

    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.

    Attachment

    The MIL Network –

  • MIL-OSI: SIMPPLE Ltd. Announces New Contracts and Partnerships in Australia and New Zealand

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Oct. 09, 2024 (GLOBE NEWSWIRE) — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced the closing of multiple contracts and strategic partnerships in Australia and New Zealand (ANZ). The contracts included agreements to provide:

    • an end-to-end integrated cleaning services and compliance solution incorporating workforce management, IoT sensors and robotics, at two international and one regional Australian airport, to the aviation services arm of a global Danish outsourcing company with annual revenue of over $11 billion;
    • a cleaning services and compliance solution, at five campuses of an Australian university, to the education services arm of that same Danish company;
    • a cleaning services and compliance solution, at a food manufacturing plant in Sydney, to the manufacturing services division of a global UK-headquartered facilities management services company with annual revenue of over $2 billion; and
    • a cleaning services and compliance solution, at a major retail centre in Sydney, for another division of that same UK-headquartered company.

    Aggregate revenue from these four contracts is projected at approximately $2.35 million.

    SIMPPLE’s recently completed strategic partnerships include five collaborations aimed at distributing SIMPPLE Robotics and software capabilities and building a service delivery, maintenance and support network across ANZ. These new partners include:

    • a provider of robotic solutions and services to the hospitality, retail and healthcare industries in Australia;
    • a Sydney-headquartered supplier of autonomous security robots and other technology solutions to major corporate and government customers in Australia;
    • a Sydney-headquartered retailer and wholesaler of cleaning equipment and supplies;
    • a Brisbane-headquartered supplier of cleaning, catering, hospitality, health and hygiene supplies to businesses in Australia; and
    • a supplier of A.I. robotic solutions in New Zealand.

    Spearheading the closing of these contracts and partnerships was the new leadership team at the recently established SIMPPLE Australia Pty Ltd subsidiary in Brisbane. This team includes Aloysius Chong, SIMPPLE’s former CEO relocated in February 2023 to Australia to serve as SIMPPLE Australia Pty Ltd’s Director of Brand and Product Strategy; James Yatras, appointed in February 2023 as SIMPPLE’s Head of Australia and New Zealand; and Greg Crisp, appointed in June 2024 as the Company’s Regional Sales Director for Australia and New Zealand.

    “These contracts and partnerships mark a significant step in our strategic expansion into the lucrative Australia and New Zealand markets,” said SIMPPLE Ltd CEO Norman Schroeder. “These agreements also highlight our Company’s capability to venture into a wide range of new sectors covering aviation, education, healthcare, and manufacturing – a significant expansion from our existing retail, institutions, and commercial office sectors.”

    The new agreements, he said, also stem from the unique position, held by SIMPPLE Australia Pty Ltd and its ANZ partners, of being that region’s only supplier of end-to-end facilities management solutions able to integrate software, robotics, ESG auditing and reporting, IoT sensors and other diverse data collection technologies into a single platform.

    This platform, he added, is built modular to accommodate small businesses, yet can be scaled up and/or down to meet the variable requirements of large enterprise-wide organizations.

    “Going forward,” said the CEO, “we believe the ANZ region offers SIMPPLE major growth potential. I am confident that our Australia Pty Ltd team is expertly positioned to drive this growth by providing targeted best of breed solutions to facility owners, operators, and service providers in this market.”

    Mr. Schroeder underscored the Company’s potential in the ANZ market by referencing SIMPPLE Australia Pty Ltd’s announcement, on September 12, that its new range of AI spot cleaning robots had received the Excellence Award (Innovation) for Large Equipment at the International Sanitary Supply Association (ISSA) Cleaning & Hygiene Expo in Sydney.

    According to recent data from Expert Market Research, the Australia facility management market was valued at $37.37 billion in 2023 and is projected to grow at a CAGR of 4.5% to reach a value of $56.93 billion by 2032. This growth, said the study, is expected to be driven by rising numbers of infrastructure development projects, increased focus on sustainability and cost optimization, and the growing need for outsourcing of technology integration services within facilities.

    A Mordor Intelligence report projected that the facilities management markets in Australia and New Zealand are expected to grow at a CAGR of 8.1% and 2.5%, respectively, from 2024 through 2029. Growth in Australia, said Mordor, is expected to be fuelled by multiple industries adopting integrated FM services models that can meet all core customer needs on a large scale, and by those FM models incorporating newer technologies allowing for intelligent buildings and work environments. Future New Zealand FM sector growth, said the report, will be spurred by increasing end-user awareness of the need for energy conservation and developed building infrastructure.

    “The possibilities for SIMPPLE in ANZ are plentiful,” concluded Mr. Schroeder. “We look forward to announcing further progress for this region in the near future.”

    About SIMPPLE LTD.

    Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“IoT”) devices. 

    For more information on SIMPPLE, please visit: https://www.simpple.ai

    Safe Harbor Statement

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

    For investor and media queries, please contact:
    SIMPPLE LTD.
    Investor Relations Department
    Email: ir@simpple.ai

    Visit the Investor Relation Website: https://www.investor.simpple.ai/

    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, NY 10036
    Tel: (646) 893-5835
    Email: info@skylineccg.com  

    The MIL Network –

  • MIL-OSI: Delaware State Dental Society Endorses Five iCoreConnect Products

    Source: GlobeNewswire (MIL-OSI)

    OCOEE, Fla., Oct. 09, 2024 (GLOBE NEWSWIRE) — iCoreConnect Inc. (NASDAQ: ICCT) (“iCore” or the “Company”), a leading provider of cloud-based software and technology solutions, announced a new endorsement agreement with the Delaware State Dental Society (DSDS). This partnership marks another milestone in iCoreConnect’s continued growth among state dental associations nationwide.

    With this endorsement, DSDS joins numerous other state dental associations that have recognized the value of iCoreConnect’s innovative solutions. iCoreConnect now holds over 180 product endorsement agreements across various states, solidifying its reputation as a trusted partner in the dental industry.

    Robert McDermott, CEO of iCoreConnect, commented, “DSDS, along with other state dental associations, plays a crucial role in advocacy, education, practice management, and public health initiatives. This endorsement highlights DSDS’s commitment to advancing the dental profession and enhancing patient care in Delaware.”

    The endorsed iCoreConnect products include:

    Dr. Tom Howley, Executive Director of DSDS, shared his enthusiasm for the collaboration, stating, “We are excited to announce this endorsement. iCoreConnect’s cutting-edge solutions enhance the productivity and efficiency of our members. Their proven success with state associations nationwide makes us eager to welcome them to Delaware.”

    iCoreConnect’s involvement in continuing education, networking, and practice management support positions it as a valuable partner for state dental associations. With its growing number of endorsements, the company now serves approximately 155,000 dental professionals across the U.S., using these endorsements as key tools for product distribution and lead generation.

    For more information about iCoreConnect or to schedule a demo, visit iCoreConnect.com.

    About iCoreConnect

    iCoreConnect Inc. is a market leader in cloud-based software and technology solutions designed to improve workflow productivity and profitability in the enterprise, healthcare and dental sectors. Through its innovative platform of applications and services, iCoreConnect helps organizations optimize their operations and achieve better business outcomes.

    About the Delaware State Dental Society

    The Delaware State Dental Society (DSDS) represents 80% of Delaware’s licensed dentists. The mission of DSDS is to advocate for the highest continuing education for member dentists as well as community engagement across the state of Delaware through coordinated volunteer programs.

    Forward-Looking Statements

    Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

    Investor Contacts:
    IR@icoreconnect.com
    888.810.7706, ext 5

    The MIL Network –

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the President of the AIIB

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with President of the Asian Infrastructure Investment Bank (AIIB), H.E. Jin Liqun, on the sidelines of the 44th and 45th ASEAN Summits and Related Summits in Vientiane, Lao PDR today. SG Dr. Kao commended the AIIB’s efforts in advancing connectivity and infrastructure development and looked forward to having deeper cooperation between ASEAN and AIIB in enhancing connectivity in the region.

    The post Secretary-General of ASEAN meets with the President of the AIIB appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI: StepStone Private Wealth Surpasses $5 Billion in AUM Milestone

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) — StepStone Private Wealth (“SPW”) today announced it has surpassed $5 billion in global assets under management, making it one of the fastest growing private market asset managers serving financial professionals and their high net worth clients.

    Powered by StepStone Group, one of the largest global institutional allocators to the private markets, SPW was founded in 2019 to expand access to these assets for the private wealth market.

    “In 2019, the mission of our founding team was to design a platform where financial professionals could more easily access private markets, reducing the friction and burden of investing in these opportunities,” said Bob Long, CEO of StepStone Private Wealth. “Reaching $5 billion in AUM in five years demonstrates that advisors are eager to allocate client assets to portfolios curated by an organization as globally respected as StepStone – comprised of world-class expertise and top talent across investing, operations, data & analytics, legal, marketing and distribution. We expect that our team, with their focus on bringing convenience, transparency and efficiency to private markets investing for our clients and prospective clients, will be central to our success as we continue our global expansion.”

    SPW launched its first registered closed-end evergreen fund – the StepStone Private Markets Fund or SPRIM, ticker: XPMIX – in 2020, allowing accredited investors to gain exposure to private equity, real assets, and private debt through one convenient vehicle. SPRIM transitioned to daily admittance and daily valuation in 2023, among the first in the industry to introduce a daily NAV for a multi asset-class private markets fund. As of September 30, 2024 the fund now stands at $3.1 billion of AUM and has produced an annualized return of 23.08% since inception.

    The firm has since expanded its investment offerings to include venture capital and growth equity through the StepStone Private Venture and Growth Fund, or SPRING; infrastructure through the StepStone Private Infrastructure Fund or STRUCTURE, ticker: STRUX; and private credit through the StepStone Private Credit Income Fund or CRDEX, ticker: CRDEX. SPW offers offshore options for each of its funds for investors outside the US.

    “We are grateful for the support of our distribution partners across the registered investment advisor, independent broker dealer, wire house, and international channels,” said Neil Menard, Partner & President of Distribution at StepStone Private Wealth. “Through their collaboration, we have been able to reach tens of thousands of new investors who have been seeking private markets solutions like ours. We look forward to working in partnership with more firms and their advisors across the globe to advance their ability to provide clients with institutional-caliber allocations to private markets portfolios.”

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of June 30, 2024, StepStone was responsible for approximately $701 billion of total capital, including $170 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    Contacts

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    +1 (212) 351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    +1 (203) 682-8268

    IMPORTANT INFORMATION

    Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the SPRIM, SPRING, STRUCTURE, and CREDX prospectus, a copy of which may be obtained from StepStone Private Wealth at 704.215.4300 or by visiting stepstonepw.com. An investor should read the prospectus carefully before investing.

    Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance shown is net of fees. For the most recent month end performance please call 704.215.4300 or visit stepstonepw.com.

    An investment in the Funds involve risks. The Funds should be considered speculative investments that entail substantial risks, and a prospective investor should invest in the Funds only if it can sustain a complete loss of its investment. Fund shares are illiquid and appropriate only as a long-term investment. There is no secondary market for the Funds’ Shares and the Funds expect that no secondary market will develop in the foreseeable future. Investments may consist of loans to small and/or less well-established privately held companies that have reduced access to the capital markets, resulting in diminished capital resources and the ability to withstand financial distress. While the Fund provides transparent disclosure of structure, strategy, holdings, and financial condition, the valuation of the Fund’s investments in Private Markets Investment Funds is ordinarily determined based upon valuations provided by the Investment Managers on a quarterly basis. A large percentage of these securities do not have a readily ascertainable market price and are fair valued by the Investment Manager subject to future adjustment or revision. Please see the prospectuses for details of these and other risks.

    The Funds are distributed by UMB Distribution Services, LLC which is not affiliated with StepStone Group.

    The MIL Network –

  • MIL-OSI Canada: New rules to prevent contraband in correctional facilities come into force

    Source: Government of Canada News

    Today, the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, announced the final regulatory amendments to the Corrections and Conditional Release Act that limits the use of dry cells and improves the search and seizure of contraband in federal correctional institutions.

    October 9, 2024 – Ottawa, Ontario

    Today, the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, announced the final regulatory amendments to the Corrections and Conditional Release Act that limits the use of dry cells and improves the search and seizure of contraband in federal correctional institutions.

    The regulations provide direction on the use of body scanner searches in federal correctional institutions. Adding body scanner technology to the Correctional Service of Canada’s toolkit gives them a fast and efficient way to detect contraband that is located on, or inside, an offender’s body. These new regulations will be monitored, evaluated, and improved as needed.

    Dry cells are detention cells without conventional plumbing fixtures that allow for close monitoring of the offender while awaiting the expulsion of contraband. The new framework specifies when dry cells can be used, limits the duration of dry cell detention, and improves the monitoring of the physical and mental health of those detained. It also expands data collection on the use of dry cells to better inform decisions going forward.

    These regulations, including the cap on dry cell placement duration, are a direct response to recommendations from the Office of the Correctional Investigator. They have also been informed by the advocacy and policy proposals of the Canadian Civil Liberties Association, John Howard Society and the Elizabeth Fry Society, and a public consultation through the Canada Gazette, Part I held in May 2023.

    Gabriel Brunet
    Press Secretary
    Office of the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs
    819-665-6527
    gabriel.brunet@iga-aig.gc.ca

    MIL OSI Canada News –

  • MIL-OSI: IDEX Biometrics ASA’s extraordinary general meeting held on 9 October 2024

    Source: GlobeNewswire (MIL-OSI)

    IDEX Biometrics ASA held an extraordinary general meeting on 9 October 2024.

    112.2 million shares or 25.47% of the share capital was represented at the meeting.

    All proposals on the agenda were adopted in accordance with the proposals of the Company’s board of directors, including the approval of Tranche 2 of the private placement, the subsequent offering and the warrants issuance, all as announced on 17 September 2024.

    For further information contact:
    Marianne Bøe, Head of Investor Relations
    E-mail: ir@idexbiometrics.com
    Tel: +47 67 83 91 19

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit http://www.idexbiometrics.com

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI: ASM announces details of the Q3 2024 conference call and webcast

    Source: GlobeNewswire (MIL-OSI)

    Almere, the Netherlands
    October 9, 2024

    ASM International N.V. (Euronext Amsterdam: ASM) will report its third quarter 2024 financial results at approximately 6:00 p.m. CET on Tuesday, October 29, 2024.

    ASM will host the quarterly earnings conference call and webcast on Wednesday, October 30, 2024, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    About ASM International

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at http://www.asm.com.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: Decision of the Management Board of Šiaulių Bankas AB on acquisition of own shares

    Source: GlobeNewswire (MIL-OSI)

    On 9 October 2024, the Management Board of Šiaulių Bankas AB (hereinafter – the Bank), implementing the decision of the Bank’s Ordinary General Meeting of Shareholders (29 March 2024) on the acquisition of the Bank’s own shares decided to buy back 6,000,000 shares of the Bank (ISIN code LT0000102253):

    • Up to 4,254,886 shares, for reduction of the Bank capital;
    • Up to 1,745,114 shares, for employees of Šiaulių Bankas Group as part of the deferred variable remuneration.

    Shares will be purchased on the Nasdaq Vilnius tender offer market under the following terms:

    • Share purchase starts on 10 October 2024;
    • Share purchase ends on 18 October 2024;
    • The date of settlement of the tender offer is on 21 October 2024;
    • Maximum number of shares to be acquired – 6,000,000;
    • The total maximum value of the shares to be acquired is 4.98 million euros;
    • Maximum purchase price is set at EUR 0.83 per share;
    • The acquisition price will be determined using a Dutch auction, meaning all transactions will be carried out at a single price. If fewer shares are offered in the auction than the amount to be purchased, the transactions will occur at the maximum price. If more shares are offered, the orders will be executed at the lowest price at which the full required amount can be purchased.

    “We are launching a two-stage process for buying back our own shares. In the first phase, we will create a liquidity event for investors wishing to sell all or part of their shares. In the second phase, which will begin in November, after the announcement of the Bank’s third-quarter results, shares will be repurchased on the open market. With this share buyback strategy, we believe we will achieve the best results, ensuring a high return for shareholders and increasing the Bank’s attractiveness to investors,” says Tomas Varenbergas, Head of Investment Management Division of Šiaulių Bankas.

    On 15 August 2024 the Bank received permission from the European Central Bank (ECB) to buy back up to 13,745,114 its own shares.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    The MIL Network –

  • MIL-OSI: FloQast CEO Mike Whitmire and Accounting Operations Evangelist Stefan van Duyvendijk Publish New Book to Empower Controllers and Accounting Teams

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 09, 2024 (GLOBE NEWSWIRE) — FloQast, an Accounting Transformation Platform created by accountants for accountants, today announced the release of “Shift Happens: The Rise of the Operational Mindset and How Controllers Can Drive Real Value,” a new book co-authored by FloQast CEO and Co-Founder Mike Whitmire and Accounting Operations Evangelist Stefan van Duyvendijk. Available on the Amazon Kindle Store starting October 9, the book offers critical insights for accounting professionals as they navigate a rapidly changing business landscape.

    Controllers today face increasing pressure to move beyond traditional accounting responsibilities and embrace a more strategic, operational role within their organizations. “Shift Happens” explores this transformation, providing a roadmap for controllers and accounting teams to elevate their influence and steer organizational strategy, particularly during periods of economic uncertainty and business volatility.

    “Shift Happens” draws from the real-world experiences of Whitmire, van Duyvendijk, and other finance leaders at top-tier organizations to deliver actionable advice for controllers looking to position themselves as operational leaders. By adopting a mindset that balances financial expertise with strategic decision-making, controllers can help their companies thrive in today’s complex and fast-paced environment.

    “The controller’s role is changing fast,” said Mike Whitmire, co-founder and CEO of FloQast, CPA. “Accountants understand a company’s finances better than anyone, which puts them in a unique position to help shape business strategy with real data and insights. With today’s economic pressures and talent shortages, businesses can’t afford to overlook this expertise. Our book gives controllers and their teams the tools they need to step up and make a real difference.”

    Stefan van Duyvendijk echoes Whitmire’s sentiment: “Controllers already have the skills and insights needed to drive operational success, but too often they are limited to financial reporting. With an operational mindset, they can expand their influence, bringing valuable insights to the table that impact the entire organization.”

    “Shift Happens” empowers controllers and accounting teams to embrace this broader scope, teaching them how to bridge the gap between accounting functions and business operations. The book provides practical guidance on how to navigate complex financial regulations, communicate effectively with senior executives, and manage cross-functional teams.

    Earn 10 CPE/CPD Credits with FloQademy!

    As part of its mission to provide continuous education to accounting professionals, FloQast is offering readers the opportunity to earn 10 CPE/CPD credits through FloQademy. Head to floqademy.floqast.com/shift-happens to claim your credits and explore other informative and entertaining courses designed to enhance your accounting expertise.

    About the Authors:

    Mike Whitmire is the CEO and co-founder of FloQast, which he established in 2013 to address critical inefficiencies in accounting operations. With a bachelor’s degree in accounting from Syracuse University, Whitmire’s early career included roles at Ernst & Young and Cornerstone OnDemand, where he contributed to a successful IPO. In addition to “Shift Happens,” Whitmire is also the author of the Amazon best-selling book “Controller’s Code: The Secret Formula to a Successful Career in Finance.” Outside of his work in the accounting industry, Whitmire is an avid woodworker and a dedicated Los Angeles Dodgers fan.

    Stefan van Duyvendijk serves as the Accounting Operations Evangelist at FloQast. Prior to joining FloQast, van Duyvendijk held corporate controller positions at Kodiak Cakes and Skullcandy, building extensive experience in financial operations and regulatory compliance. His expertise includes ASC 606 implementation, close process improvements, business combinations, and financial statement audits. When he’s not advocating for accounting innovation, Stefan enjoys skiing the slopes around his home in Utah.

    Book Availability and Pricing: “Shift Happens: The Rise of the Operational Mindset and How Controllers Can Drive Real Value” will be available on the Amazon Kindle Store starting October 9 for a limited-time introductory price of $2.99 for the Kindle edition and $7.75 for the paperback.

    About FloQast

    FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

    Contact:
    Kyle Cabodi
    FloQast Director of Corporate Communications
    kyle.cabodi@floqast.com

    The MIL Network –

  • MIL-OSI: Data Storage Corporation to Present at the MicroCap Rodeo Fall Conference

    Source: GlobeNewswire (MIL-OSI)

    MELVILLE, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that it will be participating in the MicroCap Rodeo Fall Conference being held Wednesday, October 16th, 2024, in New York City.

    Chuck Piluso, CEO Data Storage Corporation, and Chris Panagiotakos, CFO of Data Storage Corporation, are scheduled to present at 10:00 a.m. ET on Wednesday, October 16th. The presentation will be webcast live and available for replay at https://www.webcaster4.com/Webcast/Page/3068/51409 as well as on the Company’s investor relations section of the website at http://www.dtst.com/events.

    Management will also be hosting 1×1 meetings throughout the conference with approved investors.

    Information and registration for the conference can be found here at MicroCap Rodeo.

    About the MicroCap Rodeo Conference:

    The MicroCap Rodeo Conferences stand out as they are organized by money managers and investors, specifically for money managers and investors. This fall, executive management teams from approximately 25 microcap companies across a diverse range of industries will be participating. Investors will have the opportunity to harness top stock ideas for their portfolios through group presentations and 1×1 meetings, offering insights into key value drivers and emerging trends for 2025. Additionally, the event will feature industry guest speakers and ample networking opportunities.

    For more information please contact info@microcaprodeo.com

    About Data Storage Corporation

    Data Storage Corporation (Nasdaq: DTST) is a leading provider of fully managed cloud hosting, disaster recovery, cybersecurity, IT automation, and voice & data solutions. With strategic technical investments in multiple regions, DTST serves a diverse clientele, including Fortune 500 companies, in sectors such as government, education, and healthcare. Focused on the fast-growing, multi-billion-dollar cloud hosting and business continuity market. DTST is recognized as a stable and emerging growth leader in cloud infrastructure, support, and the migration of data to the cloud. Our regional data centers across North America enable us to deliver sustainable services through recurring subscription agreements.

    For more information, please visit www.dtst.com or follow us on Twitter @DataStorageCorp.

    Safe Harbor Provision
    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance, or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. The forward looking statements in this press release include statements such as continuing to grow revenue and increase profitability as the Company executes on its strategic initiatives, the consolidation of the CloudFirst and Flagship subsidiaries positioning the Company to optimize operations, leverage its technical teams, realize greater efficiencies, and improve internal resource allocation, while capitalizing on extensive cross-selling and upselling opportunities among its customer networks, the two meaningful announced contracts being just the first of many such announcements that will come from the efforts of the combined organizations, having developed a robust business strategy that we will drive growth and secure sustainable profitability while maximizing long term value for shareholders and providing meaningful updates to shareholders as developments unfold. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include the Company’s ability to execute and advance its growth strategies. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com

    The MIL Network –