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Category: GlobeNewswire

  • MIL-OSI: CERo Therapeutics, Inc. Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    Company announces submission of IND Clinical Hold Complete Response Letter

    SOUTH SAN FRANCISCO, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc. (Nasdaq: CERO) (“CERo”), an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, provides the following corporate update to stockholders from Interim CEO Chris Ehrlich.

    To our Valued Stockholders:

    Following the events of the last several months, I believe it appropriate to discuss our recent progress and illuminate the path forward for CERo. As you know, we received notice of a clinical hold for CERO-1236 earlier this year. Since then, we have been diligently working to complete the experimental studies necessary to address and resolve the U.S. Food and Drug Administration’s (the “Agency” or the “FDA”) questions.   We recently completed communications with the FDA, in which we were able to gain feedback on our approach to addressing the Agency’s questions.

    We have now submitted our Complete Response Letter to the Agency and look forward to what we hope will be the authorization to begin human trials. That said, given the blocks of time between submission to the Agency and their expected 30-day response time, we feel it is more realistic to adjust our previous guidance about potential entry into the clinic from 2024 to early 2025.

    We are also very pleased to have made important changes to our management team and Board of Directors. As previously announced, Al Kucharchuk has joined as our new Chief Financial Officer. Al is well versed in the unique challenges associated with small and microcap life sciences companies in the public markets, having deep experience in both since 2006.

    In addition, as previously announced, we have promoted Kristen Pierce to the position of Chief Development Officer. Kristen has deep expertise in the management of preclinical oncology programs and has been instrumental in our development of CERO-1236. We believe that that our team is well-positioned to help drive our science and our business forward.

    We have also made several changes to our Board of Directors, which we believe will enhance our execution of our business plan and we are well-positioned to do so. Finally, we recently disclosed our cash balance of $3.2 million as of September 30, 2024, which we are optimistic should provide sufficient runway to execute on our strategy.

    I anticipate providing an update on FDA’s determination whether to release the clinical hold, as well as our path forward in the coming weeks and months and remain excited for the future of CERo. Thank you for your continued interest in our company, and the trust you continue to show both our management and our science.

    Sincerely,
    Chris Ehrlich
    Interim CEO
    CERo Bio

    About CERo Therapeutics, Inc.
    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo anticipates initiating clinical trials for its lead product candidate, CER-1236, in early 2025 for hematological malignancies.

    Forward-Looking Statements
    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy, clinical development of CER-1236, and the plans and objectives of management for future operations of CERo. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 2, 2024, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:

    Investors:
    CORE IR
    investors@cero.bio

    The MIL Network –

  • MIL-OSI: Endeavor Bancorp Reports Pretax Income of $1.3 million for the Third Quarter of 2024; Results Highlighted by Record Loan Growth and Net Interest Margin Expansion

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 21, 2024 (GLOBE NEWSWIRE) — Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today reported net income of $924,000, or $0.22 per diluted share, for the third quarter of 2024, compared to net income of $760,000, or $0.18 per diluted share, for the second quarter of 2024, and $1,218,000, or $0.29 per diluted share, for the third quarter of 2023. Pretax net income was $1.3 million in the third quarter compared to $1.1 million in the preceding quarter and $1.7 million in the third quarter of 2023. All financial results are unaudited.

    Results for the third quarter of 2024 included a $609,000 provision for credit losses, compared to a $451,000 provision for credit losses in the second quarter of 2024, and a $301,000 provision for credit losses in the third quarter of 2023. Also noteworthy was the increase in interest expense on borrowings the past two quarters, with interest expense on borrowings of $493,000 for the third quarter of 2024, $492,000 for the preceding quarter, and $201,000 for the third quarter of 2023. The additional interest expense was associated with the recent subordinated debt issued late in the first quarter of 2024. Excluding taxes and loan loss provisions, the Company’s core pretax, pre-provision earnings were $1.9 million in the third quarter of 2024, compared to $1.5 million in the preceding quarter and $2.0 million in the third quarter of 2023.

    “Our third quarter operating results were highlighted by strong net interest income generation and record quarterly loan production,” stated Julie Glance, CFO. “Our earning assets yield also increased, up 28 basis points during the third quarter, which is contributing to net interest margin expansion. While the high-interest rate environment continues to be a challenge, we believe we are well positioned with a strong balance sheet and ample capital to continue to grow.”

    Income Statement
    Strong core earnings were driven by loan growth and higher rates on earning assets. Total interest income on loans and bank deposits and investments was $10.2 million, an increase of $983,000 compared to the preceding quarter, while total interest expenses increased $425,000 during the same timeframe. Net interest income was $5.9 million in the third quarter of 2024, which was an increase of $557,000, or 10.4% compared to the preceding quarter and a 14.6% increase compared to the third quarter of 2023.

    “We are encouraged by our net interest margin improvement. Third quarter net interest margin expanded 15 basis points compared to the prior quarter, boosted by robust loan growth and higher interest earning asset yields, combined with stabilizing funding costs,” said Dan Yates, CEO.

    Net interest margin (NIM) increased 15 basis points to 3.85% in the third quarter of 2024 compared to 3.70% in the second quarter of 2024 and increased 8 basis points compared to 3.77% in the third quarter of 2023. The yield on total earning assets increased 28 basis points during the third quarter of 2024 to 6.61%, compared to 6.33% in the preceding quarter, and up from 5.97% in the third quarter of 2023. The cost of deposits rose in the third quarter, increasing the overall cost of funds by 14 basis points during the third quarter of 2024 to 2.98%, compared to 2.84% in the preceding quarter.

    Non-Interest income decreased to $217,000 in the third quarter, compared to $390,000 in the second quarter of 2024, and increased compared to $181,000 in the third quarter 2023.

    The Company’s annualized return on average equity for the third quarter of 2024 was 8.17%, compared to 6.96% in the second quarter of 2024 and 11.71% in the third quarter of 2023. The annualized return on average assets for the third quarter of 2024 was 0.59% compared to 0.52% in the second quarter of 2024 and 0.88% in the third quarter of 2023.

    Balance Sheet
    Total assets increased $61.5 million, or 10.4%, during the third quarter of 2024 to $655.3 million at September 30, 2024, compared to $593.8 million at June 30, 2024, and increased $101.4 million, or 18.3%, compared to September 30, 2023. Balance sheet liquidity remains strong with cash balances of $87.4 million, which represents 13.3% of total assets as of September 30, 2024. The Company’s bond portfolio increased $1.9 million to $20.1 million as of September 30, 2024, representing only 3.0% of total assets. Total available borrowing capacity through the Federal Home Loan Bank and the Federal Reserve discount window exceeded $168.6 million as of quarter end.

    “The robust loan growth during the quarter was the highest in our history, excluding Paycheck Protection Program (PPP) loans in 2020, as our lenders are doing an excellent job at finding high quality lending opportunities in our market where many banks are pulling back,” said Steve Sefton, President. “We continue to have minimal office exposure with very few office building loans in the portfolio, and 50% of the commercial real estate loans were owner-occupied as of quarter end.”

    Total loans outstanding increased $55.0 million, or 11.4%, during the third quarter of 2024 to $538.4 million at September 30, 2024, compared to $483.4 million three months earlier, and increased $121.7 million, or 29.2%, when compared to $416.7 million a year earlier. Total non-performing loans increased to 1.2% of the total loan portfolio as of September 30, 2024, up from 0.06% in the prior quarter. The rise in non-performing loans was temporarily inflated by a borrower in the renewal process, who had no credit issues and represented over a third of the reported non-performing loans. These loans have since been successfully renewed and are now current. The Company had no net charge offs during the third quarter of 2024, or in the prior quarter.

    Total deposits increased $59.6 million during the quarter to $577.8 million at September 30, 2024, compared to $518.2 million three months earlier. Compared to a year ago, deposits increased by $85.1 million, up 17.3%. The loan to deposit ratio was 93.2% at September 30, 2024, compared to 93.3% at June 30, 2024.

    “Earlier this year, we expanded our team and moved into the greater Los Angeles Metro and Inland Empire markets. While this expansion north is still in its early stages, we are already seeing positive momentum,” added Sefton.

    As a result of its participation in a reciprocal deposit placement network, the Bank accepted “reciprocal” deposits from other institutions, enabling the Bank to offer customers FDIC insurance on accounts in excess of the typical $250,000 FDIC insurance limit. Although the reciprocal deposit accounts maintained through the network are core deposits seeking FDIC insurance, the FDIC rules indicate that reciprocal deposits aggregating over 20% of total liabilities are classified as deposits obtained by or through a deposit broker. The total reciprocal deposits reported as brokered deposits were $127.0 million at September 30, 2024, and $127.8 million as of June 30, 2024. To support the strong loan growth, the Company is utilizing a conservative amount of wholesale deposits. As of September 30, 2024, total wholesale deposits, excluding the reciprocal deposits, was $40.7 million, representing 7.0% of total deposits compared to $10.0 million as of June 30, 2024, or 1.93% of total deposits.

    Shareholders’ equity was $45.0 million at September 30, 2024, compared to $43.8 million at June 30, 2024, and $41.5 million at September 30, 2023. Tangible book value per share increased to $12.97 at September 30, 2024, compared to $12.55 three months earlier and $12.16 a year earlier.

    Capital 
    The Bank’s Tier 1 leverage ratio was 10.95% as of September 30, 2024, compared to 11.70% at June 30, 2024. The Tier 1 risk-based capital ratio was 10.95% as of September 30, 2024, compared to 11.84% on June 30, 2024, and the Total risk-based capital ratio was 12.13% compared to 13.04% three months earlier, all of which were well above regulatory minimums.

    On March 5, the Company completed the issuance of $12.5 million in fixed-to-floating rate subordinated notes. The subordinated debt was structured such that it qualified as Tier 2 capital at the holding company with most of the new capital down streamed to the Bank as Tier 1 capital.

    Stock Dividend
    On May 20, 2024, the Company distributed a 2% stock dividend to shareholders of record on May 10, 2024.

    Recent Events
    Board member Jillian Murrish has announced her resignation due to personal reasons from the BanCorp and Bank board of directors, effective October 18, 2024.

    About Endeavor Bancorp 
    Endeavor Bancorp, the holding company for Endeavor Bank, is primarily owned and operated by Southern Californians for Southern California businesses and their owners. The bank’s focus is local: local decision-making, local board, local founders, local owners, and relationships with local clients in Southern California.

    Headquartered in downtown San Diego in the Symphony Towers building, the Bank also operates a loan production and executive administration office in Carlsbad and a branch office in La Mesa. Endeavor Bank provides traditional business banking services across a broad spectrum of industries and specialties. Unique to the bank is its consultative banking approach that partners our business clients with Endeavor Bank’s senior management. Together, we build strategies and provide resources that solve problems, plan for the future, and help clients’ efforts to grow revenues and profits. Endeavor Bancorp trades on the OTCQX® Best Market under the symbol “EDVR.” Visit http://www.endeavor.bank for more information.

    EDVR Shareholders 
    With many of our shareholders transferring their EDVR shares to their brokerage companies, along with ongoing trading taking place, Bancorp may not have the most current shareholder contact information. If you are an EDVR shareholder and would like to receive information via a more timely method, please complete the Shareholder Communication Preference Form on our website: https://www.bankendeavor.com/investor-relations so we can keep you updated on EDVR news, and invite you to various shareholder networking events throughout the year. 

    Forward-Looking Statements 
    This press release includes “forward-looking statements,” as such term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current beliefs of the Company’s directors and executive officers (collectively, “Management”), as well as assumptions made by and information currently available to the Company’s Management. All statements regarding the Company’s business strategy and plans and objectives of Management of the Company for future operations, are forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect” and “intend” and words or phrases of similar meaning, as they relate to the Company or the Company’s Management, are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s expectations (“cautionary statements”) are loan losses, rapid and unanticipated deposit withdrawals, unavailability of sources of liquidity, additional regulatory requirements that may be imposed on community banks or banks generally, changes in interest rates, loss of key personnel, lower lending limits and capital than competitors, regulatory restrictions and oversight of the Company, the secure and effective implementation of technology, risks related to the local and national economy, changes in real estate values, the Company’s implementation of its business plans and management of growth, loan performance, interest rates, and regulatory matters, the effects of trade, monetary and fiscal policies, inflation, and changes in accounting policies and practices. Based upon changing conditions, if any one or more of these risks or uncertainties materialize, or if any underlying assumptions prove incorrect, actual results may vary materially from those described as anticipated, believed, estimated, expected, or intended. The Company does not intend to update these forward-looking statements.

    SELECTED FINANCIAL DATA                
    (In thousands of dollars, except for ratios and per share amounts)              
    Unaudited                  
            Three Months Ended          
      September 30, 2024     June 30, 2024     September 30, 2023  
      (Consolidated)     (Consolidated)     (Consolidated)  
    SUMMARY OF OPERATIONS                
    Interest income $ 10,186     $ 9,203     $ 8,200  
    Interest expense 4,266     3,840     3,032  
    Net interest income 5,920     5,363     5,168  
    Provision for credit losses 609     451     301  
    Net interest income after loss provision 5,311     4,912     4,867  
    Non-interest income 217     390     181  
    Non-interest expense 4,205     4,205     3,312  
    Income before tax 1,323     1,097     1,736  
    Federal income tax expense 255     215     328  
    State income tax expense 143     121     190  
    Net income $ 924     $ 760     $ 1,218  
                     
    Core pretax earnings* $ 1,932     $ 1,548     $ 2,037  
    *excludes taxes and provision for loan losses                  
                     
    PER COMMON SHARE DATA                
    Number of shares outstanding (000s) 3,494     3,493     3,394  
    Earnings per share, basic $ 0.26     $ 0.22     $ 0.36  
    Earnings per share, diluted $ 0.22     $ 0.18     $ 0.29  
    Book Value per share $ 12.97     $ 12.61     12.24  
                     
    BALANCE SHEET DATA                
    Assets $ 655,305     $ 593,803     $ 553,889  
    Investments securities 20,107     18,204     7,770  
    Total loans, net of unearned income 538,439     483,411     416,746  
    Total deposits 577,781     518,230     492,726  
    Borrowings 26,672     26,648     16,118  
    Shareholders’ equity 45,308     44,051     41,535  
    Loan to Deposit ratio 93.19 %   93.28 %   84.58 %
    Wholesale Deposits to Total Deposits 7.04 %   1.09 %   0.86 %
                     
    AVERAGE BALANCE SHEET DATA                
    Average assets $ 619,122     $ 590,625     $ 550,500  
    Average total loans, net of unearned income 506,469     461,476     417,451  
    Average total deposits 541,858     515,457     488,822  
    Average shareholders’ equity 44,990     43,825     41,266  
                     
    ASSET QUALITY RATIOS                
    Net (charge-offs) recoveries $ –     $ –     $ –  
    Net (charge-offs) recoveries to average loans 0.00 %   0.00 %   0.00 %
    Non-performing loans as a % of loans 1.22 %   0.06 %   0.11 %
    Non-performing assets as a % of assets 1.00 %   0.05 %   0.08 %
    Allowance for loan losses as a % of total loans 1.39 %   1.42 %   1.59 %
    Allowance for loan losses as a % of non-performing loans 113.61 %   22.94 %   6.94 %
                     
    FINANCIAL RATIOSSTATISTICS                
    Annualized return on average equity 8.17 %   6.96 %   11.71 %
    Annualized return on average assets 0.59 %   0.52 %   0.88 %
    Net interest margin 3.85 %   3.70 %   3.77 %
    Efficiency ratio 69.26 %   75.75 %   61.91 %
                     
    CAPITAL RATIOS                
    Tier 1 leverage ratio — Bank 11.38 %   11.70 %   10.20 %
    Common equity tier 1 ratio — Bank 10.95 %   11.87 %   11.26 %
    Tier 1 risk-based capital ratio — Bank 10.95 %   11.87 %   11.26 %
    Total risk-based capital ratio –Bank 12.13 %   13.07 %   12.51 %
                     
    TCE/TA * 6.91 %   7.42 %   7.50 %
    Tangible Book Value per Share $ 12.97     $ 12.55     12.16 %
                     
    *Non-GAAP financial measure.                
    Unaudited financials 2024                
                     

    Endeavor Bancorp Contact Information:
    (858) 230.5185
    Dan Yates, CEO
    dyates@bankendeavor.com

    (858) 230.4243
    Steve Sefton, President
    ssefton@bankendeavor.com

    The MIL Network –

  • MIL-OSI: ClimateDoor Launches Sustainable E-Commerce Brand Ona Naturals to Disrupt Odor Neutralizer Market

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, BC, Oct. 21, 2024 (GLOBE NEWSWIRE) — ClimateDoor, ‏‏www.climatedoor.com‏‏, A premier venture builder that helps climate-related businesses scale through capital, grants, partnerships and executional ability, is proud to announce the launch of Ona Naturals Inc., an eco-friendly and all-natural odor neutralizing company designed to transform the way consumers combat unwanted odors. With a wide array of products featuring essential oil-based formulations, Ona Naturals aims to outperform traditional odor sprays and neutralizers in both effectiveness and environmental sustainability.‏

    ‏Ona Naturals is committed to providing consumers with high-quality, natural alternatives that not only eliminate odors but also promote a healthier living environment. The company’s innovative approach utilizes terpene-based formulations derived from natural essential oils. These terpenes, known for their anti-bacterial and oxygenating properties, bind with odor molecules at the molecular level, neutralizing them through adsorption and chemical reactions. This process not only removes odors permanently but also improves air quality by reducing airborne chemicals and bacteria. With over 25 years of research behind this technology, Ona Naturals offers a sustainable, non-toxic solution that is safe for both people and pets, positioning itself as a climate-conscious alternative to traditional chemical-based sprays.‏

    ‏To bring this innovative brand to life, ClimateDoor is collaborating with two partners: Odorchem, a Vancouver-based manufacturing and distribution firm with over 30 years of experience in the odor neutralization industry, and Hilltop Media, a Vancouver-based e-commerce and branding expert. This collaboration combines Odorchem’s extensive industry knowledge with Hilltop’s branding and digital marketing expertise, ensuring that Ona Naturals will resonate with consumers seeking sustainable solutions.‏

    ‏”We are excited to introduce Ona Naturals as a game-changer in the odor neutralizer market,” said Nick Findler, President of ClimateDoor. “With the rising demand for eco-friendly products and getting rid of chemicals in our homes, we believe our innovative approach and strategic partnerships will set a new standard for odor control solutions.”‏

    ‏Ona Naturals is poised to capture the attention of environmentally conscious consumers looking for effective and sustainable odor neutralization options. By prioritizing natural ingredients and environmentally friendly practices, Ona Naturals aligns with the growing trend toward conscious consumerism.‏

    ‏For more information and to explore ClimateDoor’s product offerings, please visit ‏‏www.climat‏‏edoor.com‏

    ‏Media Contact:‏

    ‏Nick Findler‏
    ‎‏President, ClimateDoor‏
    ‎‏Nick@climatedoor.com‏
    ‎‏778-952-0418‏

     

    Please click to view image

    The MIL Network –

  • MIL-OSI: Intapp to announce fiscal first quarter 2025 financial results on November 4, 2024

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) — Intapp, Inc., (Nasdaq: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, will report fiscal first quarter 2025 financial results after the market close on November 4, 2024. On that day, management will host a webcast at 5 p.m. ET to discuss the company’s business and financial results.

    Investors and other interested parties can access the webcast as follows:

    What: Intapp fiscal first quarter 2025 financial results earnings webcast

    When: Monday, November 4, 2024

    Time: 5 p.m. ET

    Live webcast: Investors | Intapp, Inc.

    Replay: An archived webcast of the event will be accessible from the “news and events” section of the company’s investor relations website at Investors | Intapp, Inc. The replay will be available for 90 days following the live presentation.

    About Intapp

    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth.

    Investor contact 

    David Trone
    Senior Vice President, Investor Relations
    Intapp, Inc.
    ir@intapp.com

    Media contact

    Ali Robinson
    Global Media Relations Director
    Intapp, Inc.
    press@intapp.com

    The MIL Network –

  • MIL-OSI: Octaura and Valitana Boost Syndicated Loan Trading Experience with Milestone Two-Way, Real-Time Integration

    Source: GlobeNewswire (MIL-OSI)

    STAMFORD, Conn., Oct. 21, 2024 (GLOBE NEWSWIRE) — Valitana, a leading provider of CLO analytics and portfolio management software (Vantage), and Octaura, an electronic trading platform for syndicated loans and collateralized loan obligations (CLOs), are thrilled to announce the launch of their two-way real-time integration.

    This integration drives increased trading efficiency by connecting Valitana’s customizable platform for trade and portfolio management to Octaura’s dynamic trading platform. This solution will streamline workflows, minimize manual trade entry, and boost trading efficiency by providing a more agile trading experience for clients. Mutual clients can now stage orders in Vantage and route them electronically to Octaura for execution. Then, electronic trade reports are routed in real-time back to Vantage for straight-through processing.

    The collaboration marks a milestone in simplifying syndicated loan trading. By automating the trading process for syndicated loans, Octaura and Valitana aim to eliminate trade booking errors and empower clients to navigate the trading environment with greater ease. 

    “We’re excited to introduce this integration, which equips our clients with a tool that reduces friction in their trading process, and brings them one step closer to optimal execution,” said Alex Belgrade, Managing Partner at Valitana. “It’s a leap forward in efficiency.”

    Echoing this enthusiasm, Octaura’s Chief Executive Officer Brian Bejile commented, “We’re thrilled to bring connectivity from Valitana’s Vantage platform to Octaura’s loan market participants. The integration represents another step toward creating a more seamless end-to-end trading workflow that better supports the evolving needs of our clients.”

    The integration is now available to all mutual clients of Valitana and Octaura, offering an exciting opportunity to enhance trading capabilities and streamline operations. 

    About Octaura  

    Octaura is a provider of electronic trading, data, and analytics solutions for syndicated loans. With the backing of Citi, Bank of America, Credit Suisse, Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo and Moody’s Analytics, Octaura represents a significant milestone in the advancement of trade modernization for these markets through common operational criteria, automation across pre- and post-trade life cycles, improved ease in transactions and advanced data and analytics. To learn more, visit Octaura.com. 

    About Valitana

    Valitana is a financial technology company founded in 2018 and is dedicated to providing its clients with robust, intuitive, modern solutions that help them make informed investment decisions and improve their operational workflow.

    The Valitana systems gather and synthesize vast amounts of data throughout the day from the industry’s leading data providers, ensuring our clients are operating with the latest available information.

    Valitana contact         
    Sales@Valitana.com

    Octaura media contact
    Octaura@peppercomm.com

    The MIL Network –

  • MIL-OSI: New Economic Report Finds Total Quantified Value of a Terrestrial GPS Backup is $14.6 Billion

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) — NextNav Inc. (Nasdaq: NN), a leader in next-generation positioning, navigation, and timing (PNT) and 3D geolocation, announced today that its plan for a terrestrial PNT backup and complement to GPS in the Lower 900 MHz would prevent hundreds of millions of dollars in losses in the event of a global GPS outage. The Brattle Group’s economic analysis finds that a 1-day global GPS outage could cost the American economy $1.6 billion, and NextNav’s proposal could prevent a loss of $663 million to the economy for a 24-hour outage period.

    Adopting NextNav’s proposal to reconfigure the Lower 900 MHz band offers the US economy a $10.8 billion insurance policy to protect against GPS outages without taxpayer funding, plus additional benefits of $3.8 billion from increased resiliency. The total quantified value of a GPS backup is $14.6 billion based on The Brattle Group’s report.

    Conducted by economists Coleman Bazelon and Paroma Sanyal of the Brattle Group, a highly recognized global economics firm, the study carefully evaluates the potential economic impact of a GPS outage and explores various scenarios that could result in a GPS disruption. It also examines the benefits of adopting NextNav’s proposal, including enhanced location accuracy that would benefit first responders to help improve emergency services. More findings from the report are below. The full report is available here.

    “The need for greater resiliency in lifesaving and mission-critical terrestrial PNT technologies has been acknowledged by four Presidential administrations, yet few proposals have provided a clear path to a robust solution without substantial government intervention or taxpayer funding,” said Dr. Coleman Bazelon, lead economist of the report. “Our analysis shows that NextNav’s widescale solution provides a total economic value of $14.6 billion and the equivalent to more than a $10 billion insurance policy if GPS goes dark.”

    The Brattle Group Economic Analysis

    To estimate the private sector value, the Brattle Group treated the terrestrial PNT backup solution as an “insurance policy” against GPS outages. The analysis estimates the potential economic loss for a 1-day, 7-day, and 30-day GPS outage to be $1.6 billion, $12.2 billion, and $58.2 billion, respectively. In the event of an outage, NextNav’s solution could reduce losses by $663 million, $6 billion and $31.9 billion, respectively. Given the probability of these outage events, the value to the American economy of the proposed terrestrial PNT approach is the equivalent of offering a $10.8 billion economic insurance policy to protect against GPS outages.

    The report forecasts the top five sectors that would benefit most include telecommunications, maritime, telematics, location-based services, oil and gas.

    TABLE 5: POTENTIAL LOSSES BY SECTOR DUE TO A GPS OUTAGE ADRESSABLE BY NEXTNAV
    Sector   Potential Losses ($ millions)
        1-day Outage [A] 7-day Outage [B] 30-day Outage [C]
    Telecommunications [1] $51 $1,670 $13,528
    Maritime [2] $221 $1,545 $6,620
    Telematics [3] $164 $1,147 $4,915
    Location-based services [4] $89 $626 $2,681
    Oil and gas [5] $48 $333 $1,426
    Agriculture (soil mapping) [6] $42 $291 $1,247
    Mining [7] $30 $208 $890
    Surveying [8] $10 $72 $310
    Electricity [9] $9 $60 $258
    Finance [10] Negligible Negligible Negligible
    Total   $663 $5,951 $31,875
             

    Table: Summary of potential losses incurred by each sector for each outage scenario that are addressable by NextNav’s proposed 3D Terrestrial PNT Solution
    Source: The Brattle Group

    • The report also finds that additional resiliency for GPS backup has a value of $3.8 billion for the United States. Using the Government Accountability Office’s cost estimates for a jamming-resistant, military-grade GPS signal, the report estimates that NextNav’s proposal would result in additional benefits.
    • Finally, the Report examines a partial set of benefits from having a terrestrial PNT system that complements GPS. For example, first responders would benefit from more accurate location information, which would improve emergency services and save lives. The report notes that in a related context, the Federal Communications Commission stated that reducing emergency response times by one minute via improved location accuracy for emergency services could be valued at $97 billion annually.

    “The need for a reliable GPS backup is not just a national security issue, it’s an economic imperative,” said Mariam Sorond, CEO of NextNav. “Our proposal offers a solution to safeguard a system that underpins American commerce, public safety, and national security without relying on taxpayer funding. We are committed to being part of a solution that unleashes the Lower 900 MHz band’s potential and is a win for the American people.”

    Change drives innovation. With the NextNav proposal, the FCC has the opportunity to update legacy rules to ensure a safer tomorrow.

    About NextNav Inc.
    NextNav Inc. (Nasdaq: NN) is a leader in next generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav’s positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

    For more information, please visit https://nextnav.com/ or follow NextNav on X or LinkedIn.

    Media Contact:
    Howard Waterman
    hwaterma@nextnav.com
    917-359-5505

    About The Brattle Group
    The Brattle Group answers complex economic, regulatory, and financial questions for corporations, law firms, and governments around the world. We aim for the highest level of client service and quality in our industry. We are distinguished by our credibility and the clarity of our insights, which arise from the stature of our experts; affiliations with leading international academics and industry specialists; and thoughtful, timely, and transparent work. Our clients value our commitment to providing clear, independent results that withstand critical review. Brattle has over 400 talented professionals across three continents.

    Forward Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav’s future prospects, developments and business strategies. In particular, such forward-looking statements include the achievement of certain FCC-related milestones, the ability to realize the broader spectrum capacity and the advancement of NextNav’s terrestrial 3D PNT services, NextNav’s position to drive growth in its 3D geolocation business and expansion of its next generation terrestrial 3D PNT technologies, the business plans, objectives, expectations and intentions of NextNav, and NextNav’s estimated and future business strategies, competitive position, industry environment, potential growth opportunities, revenue, expenses, and profitability. These statements are based on NextNav’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

    Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to, those included in Part II, Item 1A, “Risk Factors” of the Company’s quarterly reports on Form 10-Q, and Part I, Item 1A, “Risk Factors” of the NextNav’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as those otherwise described or updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”). You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Source: NN-FIN

    The MIL Network –

  • MIL-OSI: GraniteShares – Delisting ETPs – Euronext Paris

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Oct. 21, 2024 (GLOBE NEWSWIRE) —

    GraniteShares Financial Plc
    21 October 2024
    LEI: 635400MFOIY6BX1JUC92

    GRANITESHARES FINANCIAL PLC (the “Issuer”)
    NOTICE OF DELISTING

    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

    NOTICE is hereby given by the Issuer to the holders of the ETP Securities listed in Schedule 1 thereto (the “Affected Series”), that with effect from open of trading on 28 October 2024, the Relevant Series will be delisted from the exchange set out in Schedule 1 hereto. The Relevant Series will continue to trade on all other exchanges on which they are listed, as set out in Schedule 2 hereto (the “Remaining Trading Lines”).

    Capitalised terms not defined herein shall have the meaning given to them in the Issue Deed relating to the ETP Securities.

    This Notice is given by the Issuer.

    GRANITESHARES FINANCIAL PLC

    By: ______/s/ Aileen Mannion_________________

    Name:   ___ Aileen Mannion ___________________

    Title:      Director

    Ground Floor, Two Dockland Central
    Guild Street
    North Dock
    Dublin 1
    Ireland

    Schedule 1 – Affected Series

    ETP Securities Ticker ISIN SEDOL Last trading day
    GraniteShares 3x Long Airbus Daily ETP Securities 3LAR XS2376933375 BMW5LG9 25 Oct 2024
    GraniteShares 3x Short Airbus Daily ETP Securities 3SAR XS2376937442 BMW5LH0 25 Oct 2024
    GraniteShares 3x Long Volkswagen Daily ETP Securities 3LVW XS2376990417 BMW5M99 25 Oct 2024
    GraniteShares 3x Short Volkswagen Daily ETP Securities 3SVW XS2376991142 BMW5MB1 25 Oct 2024
    GraniteShares 3x Long AMD Daily ETP Securities 3LAM XS2377112110 BMW5LB4 25 Oct 2024
    GraniteShares 3x Long NIO Daily ETP Securities 3LNI XS2600249812 BN91F32 25 Oct 2024
    GraniteShares 3x Long Moderna Daily ETP Securities 3LMO XS2613356620 BRT42Q1 25 Oct 2024
    GraniteShares 3x Short UBER Daily ETP Securities 3SUB XS2626290238 BNDTBW3 25 Oct 2024
    GraniteShares 3x Short NIO Daily ETP Securities 3SNI XS2626290311 BNDTCJ7 25 Oct 2024
    GraniteShares 3x Long Facebook Daily ETP Securities 3LFB XS2656469561 BPLW388 25 Oct 2024
    GraniteShares 3x Short Tesla Daily ETP Securities 3STS XS2656471039 BP83M32 25 Oct 2024
    GraniteShares 3x Long Tesla Daily ETP Securities 3LTS XS2656472193 BP83LQ8 25 Oct 2024
    GraniteShares 3x Long Microsoft Daily ETP Securities 3LMS XS2662640627 BNYJ8J8 25 Oct 2024
    GraniteShares 3x Long UBER Daily ETP Securities 3LUB XS2662640973 BNYK9D2 25 Oct 2024
    GraniteShares 3x Short Apple Daily ETP Securities 3SAP XS2662641195 BNYKBB4 25 Oct 2024
    GraniteShares 3x Short Alphabet Daily ETP Securities 3SAL XS2671672223 BQ2L1X2 25 Oct 2024
    GraniteShares 3x Short Facebook Daily ETP Securities 3SFB XS2671672819 BQ2L217 25 Oct 2024
    GraniteShares 3x Short Amazon Daily ETP Securities 3SZN XS2671672900 BQ2L251 25 Oct 2024
    GraniteShares 3x Short Netflix Daily ETP Securities 3SNF XS2675292135 BMZ8DH0 25 Oct 2024
    GraniteShares 3x Long Amazon Daily ETP Securities 3LZN XS2675292218 BMZ8DN6 25 Oct 2024
    GraniteShares 3x Long Alphabet Daily ETP Securities 3LAL XS2675292309 BMZ8DT2 25 Oct 2024
    GraniteShares FAANG ETP Securities FANG XS2679084603 BNT9FS1 25 Oct 2024
    GraniteShares 1x Short FAANG Daily ETP Securities SFNG XS2679090162 BNT9V49 25 Oct 2024
    GraniteShares 3x Long FAANG Daily ETP Securities 3FNG XS2679091996 BNT9VF0 25 Oct 2024
    GraniteShares 3x Short FAANG Daily ETP Securities 3SFG XS2684011211 BP6LNX5 25 Oct 2024
    GraniteShares GAFAM ETP Securities GFAM XS2684011641 BQBBD59 25 Oct 2024
    GraniteShares 1x Short GAFAM Daily ETP Securities SGFM XS2684011997 BQBBDF9 25 Oct 2024
    ETP Securities Ticker ISIN SEDOL Last trading day
    GraniteShares 3x Long GAFAM Daily ETP Securities 3GFM XS2693059839 BKPLWL2 25 Oct 2024
    GraniteShares 3x Short GAFAM Daily ETP Securities 3SGF XS2693061819 BKPLWT0 25 Oct 2024
    GraniteShares FATANG ETP Securities FTNG XS2693061900 BLDC6C3 25 Oct 2024
    GraniteShares 1x Short FATANG Daily ETP Securities SFTG XS2696137772 BMX7LB9 25 Oct 2024
    GraniteShares 3x Long FATANG Daily ETP Securities 3FTG XS2696138077 BMX7LL9 25 Oct 2024
    GraniteShares 3x Short FATANG Daily ETP Securities 3SFT XS2696138150 BMX7LW0 25 Oct 2024
    GraniteShares 3x Short Microsoft Daily ETP Securities 3SMS XS2722160707 BNDSDD5 25 Oct 2024
    GraniteShares 3x Long Apple Daily ETP Securities 3LAP XS2722161424 BNDSDJ1 25 Oct 2024
    GraniteShares 3x Long NVIDIA Daily ETP Securities 3LNV XS2734938835 BNDQT31 25 Oct 2024
    GraniteShares 3x Short Palantir Daily ETP Securities 3SPA XS2836484787 BQGD0Q0 25 Oct 2024
    GraniteShares 3x Short AMD Daily ETP Securities 3SAM XS2838543457 BSMMMN6 25 Oct 2024
    GraniteShares 3x Short Moderna Daily ETP Securities 3SMO XS2838543614 BSMMN00 25 Oct 2024
    GraniteShares 3x Short NVIDIA Daily ETP Securities 3SNV XS2842095676 BS4DNR8 25 Oct 2024
    GraniteShares 3x Long Palantir Daily ETP Securities 3LPA XS2856105833 BMY3FT2 25 Oct 2024
    GraniteShares 3x Long Netflix Daily ETP Securities 3LNF XS2856106302 BMY3FX6 25 Oct 2024


    Schedule 2 – Remaining Trading Lines

    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Long Airbus Daily ETP Securities XS2376933375 London Stock Exchange LAR3 BMHWFM9 GBX
    GraniteShares 3x Short Airbus Daily ETP Securities XS2376937442 London Stock Exchange SAR3 BMHWFP2 GBX
    GraniteShares 3x Long Volkswagen Daily ETP Securities XS2376990417 London Stock Exchange LVW3 BMHWFJ6 GBX
    GraniteShares 3x Short Volkswagen Daily ETP Securities XS2376991142 London Stock Exchange SVW3 BMHWFK7 GBX
    GraniteShares 3x Long AMD Daily ETP Securities XS2377112110 Borsa Italiana – ETF Plus 3LAM BP9MTV5 EUR
    London Stock Exchange 3LAM BMHW8T7 USD
    London Stock Exchange LAM3 BMHWF07 GBP
    GraniteShares 3x Long NIO Daily ETP Securities XS2600249812 Borsa Italiana – ETF Plus 3LNI BN91F21 EUR
    London Stock Exchange 3LIE BN91F09 EUR
    London Stock Exchange 3LNI BN91DY9 USD
    London Stock Exchange 3LIP BN91F10 GBX
    GraniteShares 3x Long Moderna Daily ETP Securities XS2613356620 Borsa Italiana – ETF Plus 3LMO BL54928 EUR
    London Stock Exchange 3LMO BL54939 USD
    London Stock Exchange MOL3 BL54940 GBP
    GraniteShares 3x Short UBER Daily ETP Securities XS2626290238 Borsa Italiana – ETF Plus 3SUB BNDTBX4 EUR
    London Stock Exchange 3SUE BNDTC97 EUR
    London Stock Exchange 3SUB BNDTC86 USD
    London Stock Exchange 3SUP BNDTCB9 GBX
    GraniteShares 3x Short NIO Daily ETP Securities XS2626290311 Borsa Italiana – ETF Plus 3SNI BNDTCL9 EUR
    London Stock Exchange 3SIE BNDTCP3 EUR
    London Stock Exchange 3SNI BNDTCN1 USD
    London Stock Exchange 3SIP BNDTCQ4 GBX
    GraniteShares 3x Long Facebook Daily ETP Securities XS2656469561 Borsa Italiana – ETF Plus 3LFB BPLW377 EUR
    London Stock Exchange 3LFE BPLW366 EUR
    London Stock Exchange 3LFB BPLW322 USD
    London Stock Exchange 3LFP BPLW333 GBX
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short Tesla Daily ETP Securities XS2656471039 Borsa Italiana – ETF Plus 3STS BP83M21 EUR
    London Stock Exchange 3STE BP83M10 EUR
    London Stock Exchange 3STS BP83LZ7 USD
    London Stock Exchange 3STP BP83M09 GBX
    GraniteShares 3x Long Tesla Daily ETP Securities XS2656472193 Borsa Italiana – ETF Plus 3LTS BP83KJ4 EUR
    London Stock Exchange 3LTE BP83K94 EUR
    London Stock Exchange 3LTS BP83K61 USD
    London Stock Exchange 3LTP BP83K83 GBX
    GraniteShares 3x Long Microsoft Daily ETP Securities XS2662640627 Borsa Italiana – ETF Plus 3LMS BNYJ8H6 EUR
    London Stock Exchange 3LME BNYJ8C1 EUR
    London Stock Exchange 3LMS BNYJ898 USD
    London Stock Exchange 3LMP BNYJ8B0 GBX
    GraniteShares 3x Long UBER Daily ETP Securities XS2662640973 Borsa Italiana – ETF Plus 3LUB BNYK9C1 EUR
    London Stock Exchange 3LUE BNYK987 EUR
    London Stock Exchange 3LUB BNYJXJ3 USD
    London Stock Exchange 3LUP BNYK976 GBX
    GraniteShares 3x Short Apple Daily ETP Securities XS2662641195 Borsa Italiana – ETF Plus 3SAP BNYKB03 EUR
    London Stock Exchange 3SAE BNYK9Z4 EUR
    London Stock Exchange 3SAP BNYK9T8 USD
    London Stock Exchange 3SWP BNYK9V0 GBX
    GraniteShares 3x Short Alphabet Daily ETP Securities XS2671672223 Borsa Italiana – ETF Plus 3SAL BQ2L1W1 EUR
    London Stock Exchange 3SGE BQ2L1V0 EUR
    London Stock Exchange 3SAL BQ2KSF0 USD
    London Stock Exchange 3SGP BQ2L1T8 GBX
    GraniteShares 3x Short Facebook Daily ETP Securities XS2671672819 Borsa Italiana – ETF Plus 3SFB BQ2L206 EUR
    London Stock Exchange 3SFE BQ2L1Z4 EUR
    London Stock Exchange 3SFB BQ2KSG1 USD
    London Stock Exchange 3SFP BQ2L1Y3 GBX
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short Amazon Daily ETP Securities XS2671672900 Borsa Italiana – ETF Plus 3SZN BQ2L240 EUR
    London Stock Exchange 3SPE BQ2L239 EUR
    London Stock Exchange 3SZN BQ2L1M1 USD
    London Stock Exchange 3SZP BQ2L228 GBX
    GraniteShares 3x Short Netflix Daily ETP Securities XS2675292135 Borsa Italiana – ETF Plus 3SNF BMZ8DJ2 EUR
    London Stock Exchange 3SNE BMZ8DF8 EUR
    London Stock Exchange 3SNF BMZ8DD6 USD
    London Stock Exchange 3SNP BMZ8DG9 GBX
    GraniteShares 3x Long Amazon Daily ETP Securities XS2675292218 Borsa Italiana – ETF Plus 3LZN BMZ8DP8 EUR
    London Stock Exchange 3LPE BMZ8DL4 EUR
    London Stock Exchange 3LZN BMZ8DK3 USD
    London Stock Exchange 3LZP BMZ8DM5 GBX
    GraniteShares 3x Long Alphabet Daily ETP Securities XS2675292309 Borsa Italiana – ETF Plus 3LAL BMZ8DV4 EUR
    London Stock Exchange 3LGE BMZ8DR0 EUR
    London Stock Exchange 3LAL BMZ8DQ9 USD
    London Stock Exchange 3LGP BMZ8DS1 GBX
    GraniteShares FAANG ETP Securities XS2679084603 Borsa Italiana – ETF Plus FANG BNT9FQ9 EUR
    Deutsche Boerse FNNG BNT9FR0 EUR
    London Stock Exchange FANE BNT9FP8 EUR
    London Stock Exchange FANG BNT9FM5 USD
    London Stock Exchange FANP BNT9FN6 GBX
    GraniteShares 1x Short FAANG Daily ETP Securities XS2679090162 Borsa Italiana – ETF Plus SFNG BNT9VB6 EUR
    Deutsche Boerse FNNS BNT9V94 EUR
    London Stock Exchange SFNE BNT9V72 EUR
    London Stock Exchange SFNG BNT9V50 USD
    London Stock Exchange SFNP BNT9V61 GBX
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Long FAANG Daily ETP Securities XS2679091996 Borsa Italiana – ETF Plus 3FNG BNT9VC7 EUR
    Deutsche Boerse FA3L BNT9VD8 EUR
    London Stock Exchange 3FNE BNT9VH2 EUR
    London Stock Exchange 3FNG BNT9VG1 USD
    London Stock Exchange 3FNP BNT9VJ4 GBX
    GraniteShares 3x Short FAANG Daily ETP Securities XS2684011211 Borsa Italiana – ETF Plus 3SFG BP6LNR9 EUR
    Deutsche Boerse FA3S BP6LNZ7 EUR
    London Stock Exchange 3S1E BP6LNM4 EUR
    London Stock Exchange 3SFG BP6LNK2 USD
    London Stock Exchange 3S1P BP6LNL3 GBX
    GraniteShares GAFAM ETP Securities XS2684011641 Borsa Italiana – ETF Plus GFAM BQBBD48 EUR
    Deutsche Boerse GFAM BQBBD60 EUR
    London Stock Exchange GFME BQBBD37 EUR
    London Stock Exchange GFAM BQBBD15 USD
    London Stock Exchange GFMP BQBBD26 GBX
    GraniteShares 1x Short GAFAM Daily ETP Securities XS2684011997 Borsa Italiana – ETF Plus SGFM BQBBDC6 EUR
    Deutsche Boerse GF1S BQBBDG0 EUR
    London Stock Exchange SGME BQBBDB5 EUR
    London Stock Exchange SGFM BQBBD82 USD
    London Stock Exchange SGMP BQBBD93 GBX
    GraniteShares 3x Long GAFAM Daily ETP Securities XS2693059839 Borsa Italiana – ETF Plus 3GFM BKPLWM3 EUR
    Deutsche Boerse GF3L BKPLWN4 EUR
    London Stock Exchange 3GME BKPLWJ0 EUR
    London Stock Exchange 3GFM BKPLWH8 USD
    London Stock Exchange 3GMP BKPLWK1 GBX
               
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short GAFAM Daily ETP Securities XS2693061819 Borsa Italiana – ETF Plus 3SGF BKPLX53 EUR
    Deutsche Boerse GF3S BKPMLX0 EUR
    London Stock Exchange 3S2E BKPLWQ7 EUR
    London Stock Exchange 3SGF BKPLWP6 USD
    London Stock Exchange 3S2P BKPLWS9 GBX
    GraniteShares FATANG ETP Securities XS2693061900 Borsa Italiana – ETF Plus FTNG BMBXTG0 EUR
    Deutsche Boerse FATN BNTYJR3 EUR
    London Stock Exchange FTNE BKPMM04 EUR
    London Stock Exchange FTNG BKPMLY1 USD
    London Stock Exchange FTNP BKPMM15 GBX
    GraniteShares 1x Short FATANG Daily ETP Securities XS2696137772 Borsa Italiana – ETF Plus SFTG BMX7LC0 EUR
    Deutsche Boerse 1SFT BMX7LD1 EUR
    London Stock Exchange SFTE BMX7L75 EUR
    London Stock Exchange SFTG BMX7L64 USD
    London Stock Exchange SFTP BMX7L86 GBX
    GraniteShares 3x Long FATANG Daily ETP Securities XS2696138077 Borsa Italiana – ETF Plus 3FTG BMX7LM0 EUR
    Deutsche Boerse 3FTG BMX7LN1 EUR
    London Stock Exchange 3FTE BMX7LJ7 EUR
    London Stock Exchange 3FTG BMX7LH5 USD
    London Stock Exchange 3FTP BMX7LK8 GBX
    GraniteShares 3x Long FATANG Daily ETP Securities XS2696138150 Borsa Italiana – ETF Plus 3SFT BMX7LX1 EUR
    Deutsche Boerse FT3S BMX7LY2 EUR
    London Stock Exchange 3S3E BMX7LT7 EUR
    London Stock Exchange 3SFT BMX7LR5 USD
    London Stock Exchange 3S3P BMX7LV9 GBX
               
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Short Microsoft Daily ETP Securities XS2722160707 Borsa Italiana – ETF Plus 3SMS BNDSDF7 EUR
    London Stock Exchange 3SME BNDSDB3 EUR
    London Stock Exchange 3SMS BNDSD79 USD
    London Stock Exchange 3SMP BNDSDC4 GBX
    GraniteShares 3x Long Apple Daily ETP Securities XS2722161424 Borsa Italiana – ETF Plus 3LAP BNDSDK2 EUR
    London Stock Exchange 3LAE BNDSDG8 EUR
    London Stock Exchange 3LAP BNDSD80 USD
    London Stock Exchange 3LWP BNDSDH9 GBX
    GraniteShares 3x Long NVIDIA Daily ETP Securities XS2734938835 Borsa Italiana – ETF Plus 3LNV BNDQT19 EUR
    London Stock Exchange 3LVE BNDQT08 EUR
    London Stock Exchange 3LNV BNDQSX4 USD
    London Stock Exchange 3LVP BNDQSZ6 GBX
    GraniteShares 3x Short Palantir Daily ETP Securities XS2836484787 Borsa Italiana – ETF Plus 3SPA BQGD0P9 EUR
    London Stock Exchange 3SPA BQGD0M6 USD
    London Stock Exchange SPL3 BQGD0N7 GBP
    GraniteShares 3x Short AMD Daily ETP Securities XS2838543457 Borsa Italiana – ETF Plus 3SAM BSMMMP8 EUR
    London Stock Exchange 3SMD BSMMMQ9 USD
    London Stock Exchange SAM3 BSMMMR0 GBP
    GraniteShares 3x Short Moderna Daily ETP Securities XS2838543614 Borsa Italiana – ETF Plus 3SMO BSMMN11 EUR
    London Stock Exchange 3SMO BSMMN22 USD
    London Stock Exchange SOL3 BSMMN33 GBP
    GraniteShares 3x Short NVIDIA Daily ETP Securities XS2842095676 Borsa Italiana – ETF Plus 3SNV BS4DNQ7 EUR
    London Stock Exchange 3SVE BS4DNP6 EUR
    London Stock Exchange 3SNV BS4DNM3 USD
    London Stock Exchange 3SVP BS4DNN4 GBX
    GraniteShares 3x Long Palantir Daily ETP Securities XS2856105833 Borsa Italiana – ETF Plus 3LPA BMY3FV4 EUR
    London Stock Exchange 3LPA BRXCWT4 USD
    London Stock Exchange PAL3 BRXCWV6 GBP
    ETP Securities ISIN Listing venues Ticker SEDOL Trading currency
    GraniteShares 3x Long Netflix Daily ETP Securities XS2856106302 Borsa Italiana – ETF Plus 3LNF BMY3FW5 EUR
    London Stock Exchange 3LNE BRXCWX8 EUR
    London Stock Exchange 3LNF BRXCWW7 USD
    London Stock Exchange 3LNP BRXCWZ0 GBX
               
               

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit http://www.rns.com.

    The MIL Network –

  • MIL-OSI: Boralex will release its 2024 third quarter financial results on November 14

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Oct. 21, 2024 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2024 third quarter results will take place on Thursday, November 14, 2024, at 11 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Thursday, November 14, 2024, at 11 a.m.

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/mr7srj6t

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at http://www.boralex.com. A full replay will also be available on Boralex’s website until November 14, 2025.

    The financial information will be released through a press release and on Boralex’s website on November 14, 2024, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3 GW. We are developing a portfolio of more than 6.8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedar.com. Follow us on Facebook, Twitter, and LinkedIn.

    For more information

    Source: Boralex inc.        

    The MIL Network –

  • MIL-OSI: Andres Kitter, Board Member of LHV Bank, to step down

    Source: GlobeNewswire (MIL-OSI)

    Andres Kitter, Chief Technology Officer and a member of the executive committee and board of LHV Bank Limited, a subsidiary of LHV Group operating in the United Kingdom, will step down from his position at the end of this year.

    Andres Kitter joined LHV in 2013 as a member of the management board of LHV Bank and Head of Retail Banking. Under his leadership, the retail banking offering in Estonia was developed, the business line for international financial intermediaries was launched, and LHV was established in the UK. In his role as Chief Technology Officer, Andres Kitter built one of the most modern banking platforms and assembled a strong team.

    “The profitable business line of servicing financial intermediaries, developed under Andres’ initiative and leadership, has helped expand both LHV’s mental and operating landscape. It can be considered, this led the way to the subsequent creation of LHV Bank. At the same time, Andres has been involved in the development of the entire business line of financial intermediaries, including customer relations, technology and risk management,” said Madis Toomsalu, CEO of LHV Group.

    “After 11 remarkable years at LHV, I’ve decided it’s time for a new direction in my career. During my time here, I’ve had the privilege of helping to develop several key business areas and have built a highly capable and inspiring team. Now, I feel the time is right to step outside the company and focus on businesses in their earlier stages of development,” commented Andres Kitter.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the end of July, LHV’s banking services are being used by 437,000 clients, the pension funds managed by LHV have 118,000 active clients, and LHV Kindlustus protects a total of 167,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the UK and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee 

    The MIL Network –

  • MIL-OSI: UPDATE – Grab to Announce Third Quarter 2024 Results on November 11, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) — Grab Holdings Limited (NASDAQ: GRAB, the “Company”  or “Grab”), plans to announce its unaudited third quarter 2024 results after the U.S. market closes on November 11, 2024.  

    The Company’s management will hold a conference call to discuss the third quarter 2024 results at:

    Date and time: 7:00 PM U.S Eastern Time on November 11, 2024
    8:00 AM Singapore Time on November 12, 2024

    A link to the call will be posted on the Company’s investor relations website at investors.grab.com prior to the call time.  Following the call, a replay of the call, along with the earnings press release and presentation slides, will be available at the same website.

    About Grab

    Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 700 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.

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

    For enquiries, please contact:
    Investors: investor.relations@grab.com
    Media: press@grab.com

    The MIL Network –

  • MIL-OSI: Stilwell Will Vote in Favor of Proposal to Sell IF Bancorp – UPDATE

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) — Stilwell Activist Investments, L.P. (together with its affiliates, “Stilwell”), one of the largest stockholders of IF Bancorp, Inc. (“IROQ” or the “Company”) (NASDAQ: IROQ), today issued the following statement in connection with the Company’s upcoming annual meeting of stockholders scheduled to be held on November 25, 2024 (the “Annual Meeting”), at which stockholders will vote on a number of matters, including Stilwell’s non-binding proposal requesting a sale of the Company (the “Proposal”), submitted pursuant to Rule 14a-8 of the Securities Exchange Act of 1934, as amended:

    IF Bancorp – Chronically Disappointing.

    Based on chronic underperformance and the likelihood of continued underperformance, we intend to vote FOR the Proposal, copied directly below, at the upcoming Annual Meeting.

    Proposal: RESOLVED, that the stockholders of IF Bancorp, Inc. (the “Company” or “IROQ”) hereby recommend that the Board of Directors take all necessary steps to promptly effectuate a sale of the Company.

    As set forth in our Supporting Statement included in IROQ’s proxy statement filed with the Securities and Exchange Commission on October 16, 2024, we believe that the returns on the Company’s assets have been subpar for many years and that IROQ stockholders would be best served if the Company and its assets were sold at the earliest opportunity for the highest price available.

    Although our proposal is non-binding, we believe it provides a referendum for IROQ stockholders to express their views on the status quo and that it would be incumbent upon the Board of Directors to seriously consider such views if a majority of stockholders support this Proposal at the Annual Meeting.

    Investor Contact:
    Megan Parisi
    (787) 985-2194
    mparisi@stilwellgroup.com

    PLEASE NOTE: THIS IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY. DO NOT SEND US YOUR PROXY CARD. STILWELL IS NOT ASKING FOR YOUR PROXY CARD AND CANNOT AND WILL NOT ACCEPT PROXY CARDS IF SENT. STILWELL IS NOT ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.

    The MIL Network –

  • MIL-OSI: EverCommerce Announces Date of Third Quarter 2024 Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Oct. 21, 2024 (GLOBE NEWSWIRE) — EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, will report its third quarter 2024 financial results after the U.S. financial markets close on Tuesday, November 12, 2024.

    Management will host a conference call on Tuesday, November 12 at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the Company’s financial results and provide a business update. Please visit the “Investor Relations” page of the Company’s website (https://investors.evercommerce.com/) for both telephonic and webcast access to this call; a replay will be archived on the website as well.

    About EverCommerce

    EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 690,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at EverCommerce.com.

    Investor Contact:
    Brad Korch
    SVP and Head of Investor Relations
    720-796-7664
    ir@evercommerce.com

    Press Contact:
    Jeanne Trogan
    VP of Corporate Communications
    512-705-1293
    press@evercommerce.com

    The MIL Network –

  • MIL-OSI: Andes Announces the AndesCore™ 46-Series Family and the 3rd generation Vector Processor AX46MPV with Matrix Extension

    Source: GlobeNewswire (MIL-OSI)

    Hsinchu, Taiwan, Oct. 21, 2024 (GLOBE NEWSWIRE) — Andes Technology, a leading supplier of high efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, today announces the AndesCore™ 46-series processor family with 4 members. The first member, AX46MPV, a new 64-bit multicore superscalar vector processor IP, is the third generation of the award-winning Andes Vector core. While it maintains the same 8-stage dual-issue pipeline as its predecessor AX45MPV, it incorporates numerous new features such as dual load/store units, private L2 cache, an extended VLEN, Andes Matrix Multiply Extension, and RVA22 profile support. Except vector and matrix support, the second member, AX46MP, has the exact same features as the AX46MPV while the third member, A46MP, and fourth member, A46MPV, are the 32-bit versions of AX46MP and AX46MPV. This makes the 46-series ideal for network processors running Linux, high-performance embedded controllers requiring high memory throughput, and large-scale AI/ML applications.

    The AX46MPV enhances SpecInt2006 performance by over 15% compared to the previous generation AX45MPV, thanks to its newly designed memory subsystem. The private L2 cache significantly reduces memory latency while the dual load/store engine eliminates memory bottlenecks in memory-bound computation kernels. It supports up to 16 cores in the same cluster, featuring cache coherence and a shared L3 cache with doubled capacity of the AX45MPV. Additionally, the AX46MPV provides TrustZone-level security with ePMP and IOPMP, accompanied by a pre-integrated software solution.

    The AX46MPV introduces several enhancements for AI/ML, including longer 2048-bit vectors, new Andes Matrix Extensions to efficiently speed up GEMM performance, and greatly improved High-Bandwidth Vector Memory (HVM) interface supporting outstanding requests and out-of-order responses. A high-performance HVM controller serving up to 16 cores and DMA accesses with 64 memory banks is optional for licensing. The AX46MPV now also includes BF16 full arithmetic mode as a standard feature. Additionally, the award-winning Andes Automated Custom Extension™ (ACE) is available in the 46-series, featuring customized vector instructions (ACE_RVV) with enhanced pipeline and Streaming Port (ASP).  

    “We are thrilled to introduce the 3rd generation of the Andes Vector series, further strengthening our leadership in the AI SoC market,” said Dr. Charlie Su, President and CTO of Andes Technology. “Our NX27V and AX45MPV have been highly successful in high-performance AI SoC applications. The AX46MPV, boosted with both compute performance and memory bandwidth, is intended to bring the new-generation AI SoCs to the next level of compute density. Additionally, with enhanced capabilities in Linux, security, and AIoT, the highly configurable 46-series is a well-rounded solution with balanced performance, power, and area”

    The AndesCore™ 46-series processor IP’s, 64-bit AX64MP(V) and 32-bit A64MP(V), can be configured from one core up to 16 cores. It is to be available for lead customers in Q1 2025 through the early access program and for general customers in Q2 2025. For further information about the Andes 46 series and Vector processors, please contact Andes Technology.

    About Andes Technology

    Nineteen years in business and a founding premier member of RISC-V International, Andes is a publicly-listed company (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099) and a leading supplier of high-performance/low-power 32/64-bit embedded processor IP solutions, and the driving force in taking RISC-V mainstream. Its V5 RISC-V CPU families range from tiny 32-bit cores to advanced 64-bit Out-of-Order processors with DSP, FPU, Vector, Linux, superscalar, functional safety and/or multi/many-core capabilities. By the end of 2023, the cumulative volume of Andes-Embedded™ SoCs has surpassed 14 billion. For more information, please visit https://www.andestech.com. Follow Andes on LinkedIn, Twitter, Bilibili and YouTube!

    The MIL Network –

  • MIL-OSI: ASUS Announces the ExpertBook P5, its First Copilot+ PC for Work, is Now Available in Canada

    Source: GlobeNewswire (MIL-OSI)

    KEY POINTS

    • First ASUS Copilot+ PC for work: Powered by up to the latest Intel® Core™ Ultra 7 processor (Series 2) to deliver up to 47 NPU TOPS
    • AI-powered productivity and collaboration: ASUS AI ExpertMeet automates meeting minutes, translates subtitles, offers watermarks in conference calls
    • ASUS ExpertGuardian: Includes commercial-grade BIOS, Windows 11 Secured-core PC tech, complimentary 1-year McAfee+ Premium membership

    TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — ASUS today announces that the ExpertBook P5 (P5405), a groundbreaking Copilot+ PC1 designed to empower modern professionals is now available in Canada, starting October 21st. Available through the ASUS Store, Costco, and select retailers, it comes in four configurations starting at CA$1,299.99.

    Powered by up to the latest Intel® Core™ Ultra 7 processor (Series 2) with 47 NPU TOPS2, the laptop delivers up to 3X the AI performance boost compared to the previous generation. Featuring ASUS AI ExpertMeet, this AI-driven powerhouse streamlines workflows and enhances collaboration. Its sleek, durable aluminum chassis houses a stunning 2.5K 144 Hz display, delivering exceptional visuals. With a 1.29 kg3 feather-light design, robust security features, and a focus on sustainability, ExpertBook P5 is the perfect companion for on-the-go professionals seeking peak performance and efficiency.

    The future of work

    Crafted with meticulous attention to detail, ExpertBook P5 boasts a premium aluminum design that seamlessly blends aesthetics and ergonomics. Despite its lightweight construction, at just 1.29 kg, P5 offers exceptional durability — meeting the exacting US MIL-STD 810H military standard. Its thoughtfully designed workspace, featuring conveniently placed function keys and a spacious mouse area, optimizes productivity and comfort during video conferences and multitasking. Engineered with the ASUS ExpertCool thermal structure, a newly-enhanced cooling design, the ExpertBook P5 ensures consistent, optimal cooling whether the lid is open or closed, guaranteeing peak performance even during extended usage. It is a productivity powerhouse designed to elevate professional performance, empowering users to achieve their full potential.

    Forwarding the ASUS commitment to sustainability, ExpertBook P5 also represents a significant advancement in sustainable technology. This intelligent product has significantly enhanced its circularity by 10% to reach 50%, utilizing Circular Transition Indicators (CTI) for performance measurement. By incorporating recycled materials and a modular design, ExpertBook P5 directly addresses the pressing issue of e-waste.

    Experience the power of AI in meetings

    ASUS ExpertBook P5 benefits from the all-new ASUS AI ExpertMeet, an on-device AI assistant that transforms meetings into productive and engaging experiences, leverages advanced AI capabilities to enhance audio, video, and collaboration features, ensuring seamless communication and capturing every important detail.

    AI ExpertMeet offers a comprehensive suite of AI-powered features to elevate every meeting experience. AI Meeting Minutes accurately captures and transcribe meetings, generating detailed summaries and identifying key points from multiple speakers. The AI Translated Subtitles feature provides translations, ensuring seamless communication across languages. Additionally, the Watermark function allows video calls to be personalized with customizable business card information and screen watermarks for added security and professionalism. All powered by on-device intelligence, personal data remains secure, allowing users to focus on ideas without privacy concerns – empower teams with the latest AI technology and unlocking the full potential of virtual collaborations.

    ASUS ExpertGuardian: the ultimate guardian for confidential data

    ASUS ExpertBook P5‘s robust security arsenal safeguards critical data. Engineered with a commercial-grade and NIST SP 800-155-compliant BIOS, it provides a foundational layer of protection against firmware attacks. Coupled with Windows 11 Secured-core PC technologies, the ExpertBook P5 creates a fortified defense against software vulnerabilities. To ensure long-term security, ASUS offers a comprehensive five-year support4 for BIOS and driver updates, safeguarding the system against emerging threats.

    Complementing this robust hardware-based security, ExpertBook P5 includes a complimentary one-year McAfee+ Premium membership. This comprehensive security suite leverages McAfee Smart AI™ for advanced threat detection, including AI-powered deepfake detection to protect against sophisticated social engineering attacks. Additionally, email scam protection provides an extra layer of defense against phishing attempts.

    ASUS Business Support

    Understanding the critical needs of modern professionals, ASUS Business Support is not merely a warranty — it’s a comprehensive service package that includes on-site repairs, dedicated technical assistance and 24/7 customer support. This robust support framework ensures that every ExpertBook user experiences minimal downtime and receives personalized solutions to their technical issues.

    AVAILABILITY & PRICING

    The ASUS ExpertBook P5 is available in 4 different configurations starting from October 21st, 2024.

    The 4 specifications are available on the ASUS Store, ranging from CA$1,299 to CA$1,799 both for B2B and B2C customers.

    The ExpertBook P5 (P5404) with an Intel Core Ultra 5 processor 226V, 512 GB M.2 PCIe® 4.0 2280 SSD, an upgradeable M.2 2230 SSD slot, 16 GB LPDDR5X-8533 RAM and Windows 11 Home is now available starting from CA$1,299 on the ASUS Store and Costco.

    An additional version with Windows 11 Pro is available on the ASUS Store and selected retailers for CA$1,399.

    The ExpertBook P5 (P5404) with an Intel Core Ultra 7 processor 258V, 1 TB M.2 PCIe® 4.0 2280 SSD, an upgradeable M.2 2230 SSD slot, 32 GB LPDDR5X-8533 RAM and Windows 11 Pro is now available starting from CA$1,799 on the ASUS Store and selected retailers.

    An additional version with Windows 11 Home will be available later starting from October 28th on the ASUS Store and selected retailers, starting from CA$1,699.

    Please contact your local ASUS representative for further information.

    NOTES TO EDITORS

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

    ExpertBook P5 Product Page: https://www.asus.com/ca-en/laptops/for-work/expertbook/expertbook-p5-p5405/

    ExpertBook P5 ASUS Store: https://shop.asus.com/ca-en/expertbook-p5-p5405.html

    ExpertBook P5 Costco: https://www.costco.ca/asus-expertbook-p5-14-in-laptop%2c-intel-core-ultra-5-226v-%E2%80%93-16gb-ram%2c-512gb-ssd%2c-intel-arc.product.4000313261.html

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

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

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

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

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

    SPECIFICATIONS5

    ASUS ExpertBook P5 (P5405)

    Model    ExpertBook P5
    P5405CSA-P73-CB    		 ExpertBook P5
    P5405CSA-DH71-CA    		 ExpertBook P5
    P5405CSA-P53-CA    		 ExpertBook P5
    P5405CSA-CH51-CB
    Compute
    platform     		   Intel® Core™ 7 Processor 258 V 32 GB 1.8
    GHz (12 MB Cache, up to 4.8 GHz, 8 cores, 8
    Threads); Intel® AI Boost NPU up to 47    		 Intel® Core™ 5 Processor 226 V 16 GB 1.6
    GHz (8 MB Cache, up to 4.5 GHz, 8 cores, 8
    Threads); Intel® AI Boost NPU up to 40″
    Graphics    Intel® Arc™ 140 V
    GPU (16GB)    		 Intel® Arc™ 140 V
    GPU (16GB)    		 Intel® Arc™ 130 V
    GPU (8GB)”    		 Intel® Arc™ 130 V
    GPU (8GB)”
    Display    14.0″ 2560 x 1600 Anti-Glare, 100% sRGB, 400 nits
    Chassis    Color: Misty Grey
    Operating
    system     		   Windows 11 Pro Windows 11 Home Windows 11 Pro Windows 11 Home
    Main memory    32 GB LPDDR5X-
    8533 MOP    		 32 GB LPDDR5X-
    8533 MOP    		 16 GB LPDDR5X-
    8533 MOP    		 16 GB LPDDR5X-
    8533 MOP
    Storage    1 x 1 TB M.2 PCIe®
     4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD, up
    to 1 TB PCIe® 4.0
    SSD User
    upgradeable

    		 1 x 1 TB M.2 PCIe®
     4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD,
    up to 1 TB PCIe® 4.0
    SSD User
    upgradeable

    		 1 x 512 GB M.2
    PCIe® 4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD,
    up to 1 TB PCIe® 4.0
    SSD User
    upgradeable

    		 1 x 512 GB M.2
    PCIe® 4.0 2280 SSD (Upgradeable to 2 TB)

    1 x M.2 2230 SSD,
    up to 1 TB PCIe® 4.0
    SSD User
    upgradeable
    Connectivity    WiFi 6E (802.11ax) (Dual band) 2*2 + Bluetooth® 5.3 Wireless Card
    Camera    1080p FHD IR camera, Webcam Shield
    I/O ports    2X Thunderbolt™ 4, USB 3.2 Gen2, support wide range 5–20 V

    1 x USB Type-A 3.2 Gen2, support BC1.2

    1 x USB Type-A 3.2 Gen2

    1 x HDMI® 2.1

    1 x Audio combo jack

    1 x Kensington® Nano lock slot
    Keyboard    Full-size keyboard with 1.5 mm key travel; backlit, spill-resistant 78 cc
    Touchpad    ASUS ErgoSense touchpad

    Smart gesture touchpad
    Silent touchpad technology
    Audio    2 x speaker

    2 x multi-array microphone with intelliGO beam forming

    Smart amp technology

    Dolby Atmos certified”
    Battery    63 Wh, 3-cell, Li-polymer
    AC adapter    65 W non-wall mount Type-C® power jack, Input : 100–240 V AC, 50 / 60 Hz universal
    Dimensions    31.2 x 22.3 x 1.645 cm
    Weight    63 Wh battery: starting at 1299 g
    Price    CA$1,799 CA$1,699 CA$1,399 CA$1,299
    Availability    October 10th, 2024 October 28th, 2024 October 10th, 2024 October 10th, 2024
    Where to Buy    ASUS Store ASUS Store ASUS Store ASUS Store
    Costco

    About ASUS

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

    1 Copilot+ PC experiences are coming. Requires free updates available starting late November 2024. Timing varies by device and region. See aka.ms/copilotpluspcs.
    2 The figures are based on theoretical performance. Actual performance may vary in real-world situations.
    3 Weight may vary according to specifications
    4 Five-year support includes but not limited to OS, BIOS, driver and security-related updates. OS and BIOS security update occurs twice a year.
    5 Specifications, content and product availability are all subject to change without notice and may differ from country to country. Actual performance may vary depending on applications, usage, environment and other factors. Full specifications are available at http://www.asus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c90e1d1e-c22c-484f-8e7c-91a555a6f437

    The MIL Network –

  • MIL-OSI: WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY (the “ISSUER”) (a public company incorporated with limited liability in Ireland)  NOTICE IN RESPECT OF PROPOSED CHANGE TO THE ISSUING AND PAYING AGENT

    Source: GlobeNewswire (MIL-OSI)

    21 October 2024

    LEI: 2138003QW2ZAYZODBU23

    WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY
    (the “ISSUER”)
    (a public company incorporated with limited liability in Ireland) 

    NOTICE IN RESPECT OF PROPOSED CHANGE TO THE ISSUING AND PAYING AGENT

    The Issuer refers to a notice issued by it on 27 September 2024 (the “Preliminary Notice”).

    The Issuer hereby notifies ETP Securityholders that the Issuer, the Trustee, the Registrar, Apex IFS, Apex Fund Services and the Manager have entered into a novation agreement to effect the IPA Change (the “Novation Agreement”). The Novation Agreement is effective as at the date of this notice.

    The Issuer further notifies ETP Securityholders that:

    • on and from the date of this notice, Apex Fund Services shall act as the Issuing and Paying Agent under the Programme; and
    • as at the date of this notice, the sub-delegation agreement entered into between Apex IFS and BCMGlobal ASI Limited in relation to certain issuing and paying agency services, has terminated.

    Terms used in this notice but not otherwise defined shall have the same meaning ascribed to them in the base prospectus of the Issuer dated 5 September 2024 or the Preliminary Notice.

    For further information, please contact: europesupport@wisdomtree.com  

    The MIL Network –

  • MIL-OSI: Quadient Secures New c.$1 Million Contract with U.S. Federal Agency for Mail Modernization Project

    Source: GlobeNewswire (MIL-OSI)

    Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announced today that a large U.S. federal government agency has awarded Quadient a contract worth nearly $1 million for a comprehensive mail modernization project. This opportunity, secured through one of Quadient’s business partners, highlights Quadient’s commitment to fostering long-term customer relationships and developing strategic partnerships to better serve customers while reaching new businesses in need of process automation platforms.

    By maintaining close relationships with customers and regularly assessing their operations, Quadient identifies operational efficiencies and growth opportunities for its clients that it can meet with a wide array of solutions. The U.S. federal agency, which already operates nearly 60 Quadient mailing systems nationwide, recognized the potential to enhance its inbound mail process efficiency. Quadient, its partner and the federal agency were able to jointly identify additional needs leading to the proposal of a new mail processing solution for the organization.

    “We are thrilled to deepen our relationship with the U.S. administration through this modernization project,” said Alain Fairise, Chief Solution Officer, Mail Automation for Quadient. “This contract results from the excellent relationships our government team maintains with customers throughout their entire lifecycle, understanding their needs, and building trust through consistent performance and innovation. We continue to be laser-focused on providing innovative solutions that address our customers’ unique challenges, establishing and nurturing high-value partnerships to deliver exceptional results.”

    Quadient’s mail automation solutions have a proven track record of helping public organizations streamline their communications and improve service delivery. Quadient solutions enable these organizations to manage both traditional and electronic communications efficiently while ensuring compliance and full tracking of every interaction. This approach not only reduces operational costs but also enhances accuracy and speed, which are critical in highly regulated sectors like government services. Quadient’s close collaboration with its customers allows them to identify new opportunities for innovation and provide tailored solutions that support long-term growth and improved service outcomes.

    Quadient’s continued success with large public entities underscores the company’s strategic vision of offering integrated, innovative and compliant solutions that evolve with customer needs. By combining digital platforms with advanced mail automation systems, Quadient not only modernizes processes but also delivers comprehensive support to its clients. The company’s unique ability to cross-sell and up-sell multiple applications to new and existing customers, alongside trusted partner solutions, boosts lifetime value and is expected to drive about 70% of its growth by 2030.

    About Quadient®
    Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit http://www.quadient.com.

    Contacts

    Sandy Armstrong, Sterling Kilgore Joe Scolaro, Quadient         
    Director of Media & Communications Global Press Relations Manager
    +1-630-699-8979 +1 203-301-3673
    sarmstrong@sterlingkilgore.com j.scolaro@quadient.com
       

    Attachment

    The MIL Network –

  • MIL-OSI: Rubis: Transactions carried out within the framework of the share buyback programme (excluding transactions within the liquidity agreement) – 14 to 18 October 2024

    Source: GlobeNewswire (MIL-OSI)

    Paris, 21 October 2024, 06:00pm

    Issuer Name: Rubis (LEI: 969500MGFIKUGLTC9742)
    Category of securities: Ordinary shares (ISIN: FR0013269123)
    Period: From 14 to 18 October 2024

    In accordance with the authorisation granted by the Ordinary Shareholders’ Meeting held on 11 June 2024 to implement a share buyback programme, the Company operated, between 14 and 18 October 2024, the purchases of its own shares in view of their cancelation presented below.

    Aggregate presentation per day and per market

    Name of issuer Identification code of issuer (Legal Entity Identifier) Day of transaction Identification code of financial instrument Aggregated daily volume
    (in number of shares)    		 Daily weighted average price of the purchased shares* Market (MIC Code)
    RUBIS 969500MGFIKUGLTC9742 14/10/2024 FR0013269123 2,931 25.1214 AQEU
    RUBIS 969500MGFIKUGLTC9742 14/10/2024 FR0013269123 19,209 25.2339 CEUX
    RUBIS 969500MGFIKUGLTC9742 14/10/2024 FR0013269123 3,736 25.0963 TQEX
    RUBIS 969500MGFIKUGLTC9742 14/10/2024 FR0013269123 33,694 25.0730 XPAR
    RUBIS 969500MGFIKUGLTC9742 15/10/2024 FR0013269123 3,426 24.9295 AQEU
    RUBIS 969500MGFIKUGLTC9742 15/10/2024 FR0013269123 18,686 24.9241 CEUX
    RUBIS 969500MGFIKUGLTC9742 15/10/2024 FR0013269123 3,322 24.8144 TQEX
    RUBIS 969500MGFIKUGLTC9742 15/10/2024 FR0013269123 34,624 24.8668 XPAR
    RUBIS 969500MGFIKUGLTC9742 16/10/2024 FR0013269123 1,623 24.9580 AQEU
    RUBIS 969500MGFIKUGLTC9742 16/10/2024 FR0013269123 18,815 24.8383 CEUX
    RUBIS 969500MGFIKUGLTC9742 16/10/2024 FR0013269123 1,768 24.8737 TQEX
    RUBIS 969500MGFIKUGLTC9742 16/10/2024 FR0013269123 36,185 24.9009 XPAR
    RUBIS 969500MGFIKUGLTC9742 17/10/2024 FR0013269123 12,705 25.0118 CEUX
    RUBIS 969500MGFIKUGLTC9742 17/10/2024 FR0013269123 36,792 25.0143 XPAR
    RUBIS 969500MGFIKUGLTC9742 18/10/2024 FR0013269123 1,028 25.2043 AQEU
    RUBIS 969500MGFIKUGLTC9742 18/10/2024 FR0013269123 13,424 25.1421 CEUX
    RUBIS 969500MGFIKUGLTC9742 18/10/2024 FR0013269123 205 25.2200 TQEX
    RUBIS 969500MGFIKUGLTC9742 18/10/2024 FR0013269123 34,473 25.1522 XPAR
    * Four-digit rounding after the decimal TOTAL 276,646 25.0070  

    Detailed presentation per transaction

    Detailed information on the transactions carried out from 14 to 18 October 2024 is available on the Company’s website (http://www.rubis.fr) in the section “Investors – Regulated information – Share buyback programme”.

      Contact
      RUBIS – Legal Department
      Tel. : + 33 (0)1 44 17 95 95

    Attachment

    The MIL Network –

  • MIL-OSI: World’s largest investment managers see assets hit $128 trillion in return to growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) — Total assets under management (AUM) at the world’s 500 largest asset managers reached USD 128.0 trillion at the end of 2023, according to new research from leading global advisory, broking and solutions company WTW’s (NASDAQ: WTW) Thinking Ahead Institute.

    Despite not yet reaching 2021 levels, this amounts to 12.5% annual growth and marks a significant recovery from the major correction the year before (AUM dropped by $18 trillion in 2022).

    The research also reveals the continued evolution of active vs. passive assets under management among the largest investment managers. For the first time, passive investment strategies now account for more than one third of AUM among the 500 largest firms (33.7%), though this still leaves almost two thirds of assets managed by the world’s largest managers in active strategies.

    Asset class allocations have also evolved, with renewed growth of private markets. Core equity and fixed income remain the dominant asset classes, comprising 77.3% of total AUM (48.3% equity and 29.0% fixed income). However, this marks a slight decrease of 0.2% compared to the previous year, as investors turned to alternatives such as private equity and other illiquids in search of returns.

    Partly down to the recent dominance of US equities as performance drivers, North America experienced the largest growth in AUM with a 15.0% increase, followed closely by Europe (including the U.K.) with a 12.4% rise. Japan saw a slight decline, with AUM decreasing by 0.7%. As a result, North America now accounts for 60.8% of the total AUM in the top 500 managers, with USD 77.8 trillion at the end of 2023.

    At the very top of the rankings, U.S. managers make up 14 of the top 20, and account for 80.3% of the assets of the top 20.

    Turning to individual asset managers, the research shows that BlackRock remains the world’s largest asset manager, with its assets now above $10 trillion once more. Vanguard Group holds a strong second place at almost $8.6 trillion AUM and both remain significantly ahead of Fidelity Investments and State Street Global – ranked third and fourth respectively.

    Notable risers in the full rankings in the last 5 years include Charles Schwab Investment, up 34 places to reach 25th place from 59th place. Geode Capital Management, also U.S. based, is up 31 places to reach 23rd place from 54, while Canada’s Brookfield Asset Management is up 29 places from 60th to 31st.

    “Asset managers have experienced a year of consolidation and change. While there has been a return to strong market performance, the last year has also seen forces of change,” said Jessica Gao, director at the Thinking Ahead Institute. “Macro factors have played a key part in the story, with notable highs in interest rates during 2023 exerting varied pressure on different asset classes, geographies and investment styles. As this now gradually switches to a rate cutting environment, equity markets are beginning to return positive performance also driven by improving expectations of earnings growth. Uncertainties looking ahead are now focused on geopolitical events and several major elections.

    “We have continued to see net flows into passive strategies as they continue to offer a compelling value proposition, particularly in terms of lower fees and simplicity. Yet growing market volatility and issues with concentration, which typically highlights the need for expertise to outperform benchmarks, may be a source of caution from some allocators to passive market trackers.

    “Meanwhile, asset managers continue to face major pressure to evolve their own business models. Investment in technology remains essential not just to maintain a market edge, but also to meet evolving client requirements and expectation in reporting and customer service. Increased competition, fee compression, and the growing demand for more personalised, technology-driven investment solutions are challenging traditional structures. We have witnessed notable successes of independent asset managers versus many of the more affiliated insurer-linked vs bank-linked asset managers,” concluded Gao.

    The world’s largest money managers as of December 31, 2023
    Ranked by total AUM, in U.S. millions.

    Rank Fund Market Total Assets (US$)
    1. BlackRock U.S. $10,008,995
    2. Vanguard Group U.S. $8,593,307
    3. Fidelity Investments U.S. $4,581,980
    4. State Street Global U.S. $4,127,817
    5. J.P. Morgan Chase U.S. $3,422,000
    6. Goldman Sachs Group U.S. $2,812,000
    7. UBS Switzerland $2,620,000
    8. Capital Group U.S. $2,532,813
    9. Allianz Group Germany $2,454,495
    10. Amundi France $2,250,226
    11. BNY Investments U.S. $1,974,322
    12. Invesco U.S. $1,585,344
    13. Legal & General Group U.K. $1,475,442
    14. Franklin Templeton U.S. $1,455,506
    15. Prudential Financial U.S. $1,449,673
    16. T. Rowe Price Group U.S. $1,444,500
    17. Northern Trust U.S. $1,434,500
    18. Morgan Stanley Inv. Mgmt U.S. $1,373,456
    19. BNP Paribas France $1,364,099
    20. Natixis Investment Managers France $1,288,581

    Notes to editors:

    Figures were the latest available as of Dec. 31, 2023

    About the Thinking Ahead Institute

    The Thinking Ahead Institute was established in January 2015 and is a global not-for-profit investment research and innovation member group made up of engaged institutional asset owners and service providers committed to changing and improving the investment industry for the benefit of the end saver. It has over 55 members around the world and is an outgrowth of WTW Investments’ Thinking Ahead Group, which was set up in 2002.

    About WTW Investments

    WTW’s Investments is an investment advisory and asset management firm focused on creating financial value for institutional investors through its expertise in risk assessment, strategic asset allocation, fiduciary management and investment manager selection. It has over 900 colleagues worldwide, more than 1,000 investment clients globally, assets under advisory of over US$4.7 trillion and US$187 billion of assets under management.

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com

    Media contacts

    Ed Emerman: +1 609 240 6766
    eemerman@eaglepr.com

    Ileana Feoli: +1 212 309 5504
    Ileana.feoli@wtwco.com

    The MIL Network –

  • MIL-OSI: Volta Finance Limited – Net Asset Value(s) as at 30 September 2024

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA / VTAS)
    September 2024 monthly report

    NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES

    Guernsey, October 21st, 2024

    AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for September 2024. The full report is attached to this release and will be available on Volta’s website shortly (http://www.voltafinance.com).

    Performance and Portfolio Activity

    Dear investors,

    Volta Finance recorded a net performance of +2.3% in September bringing the year-to-date return to +13.5%. This positive performance is built on the strong performance of its CLO equity investments through the month, Volta being almost fully invested in CLO Equity and debt tranches.

    Markets found some momentum in September on the back of a rather constructive macro backdrop. In Europe, inflation headline numbers dropped to 1.8% YoY and were below the 2% target for the first time in almost three years. Core inflation also came in lower and beat estimates with 2.7% YoY, opening the door for further cut rates possibly as early as October. In the US, the Fed implemented a 50bp rate cut by mid-month while the US flash PMIs showed economic resilience at 54.4 (vs. 54.3 expected).

    Credit markets were relatively stable despite some volatility intra-month, High Yield indices in Europe (Xover) were marginally wider following the index’s roll in the +315bps context while the US CDX High-Yield one settled at c. +330bps (+8bps MoM). On the Loan side, Euro Loans closed 25 cents down at c. 97.60px (Morningstar European Leveraged Loan Index), their US counterparts were trading flat at 96.70px.

    Primary CLO markets remained extremely busy once again, we recorded circa USD 42bn of issuance in the US and EUR 7bn in Europe. Spreads moved sideways across the capital structure with AAAs pricing +130bps context and non-Investment Grade BB-rated tranches at +600bps in Europe (inside +550 for top tier US bonds).

    Looking at fundamentals, both US and European default rates were roughly unchanged at 0.80% while the proportion of CCC-rated Loans within CLO collateral portfolios was slightly lower at 5.4% in US CLOs and slightly higher at 3.7% in Europe, while Loan repayment rates were stable at 26% in the US (-2% YoY growth rate of the Loan market) and 14% in Europe (+6% YoY growth). .

    Volta Finance’s activity over the month was focused on CLO Equity. $7mm of USCLO Equity were purchased as well as tickets of c. €1.4m in a Reset and €2.0mm in Secondary. Also, 2 transactions in which Volta is invested were reset through the month generating mark-to-market gains for Volta in addition to the strong distribution generated by the closing of one European CLO warehouse.

    CLO debt investments performed in excess of their carry, driven by some spread compression. Overall, the cashflow generation over the last 6 months remained strong at c.€30m equivalent of interests and coupons, representing c.23% of the month’s NAV on an annualized basis.

    Volta’s underlying sub asset classes monthly performances** were as follow: +1.1% for Bank Balance Sheet transactions, +4.1% for CLO Equity tranches, +1.4% for CLO Debt tranches and 0.0% for Cash Corporate Credit & ABS***, cash representing c.4% of NAV. The fund being c.26% exposed to USD, the depreciation of USD vs EUR had a negative impact of -0.2% on the overall performance.

    As of end of September 2024, Volta’s NAV was €261.9m, i.e. €7.16 per share.

    *It should be noted that approximately 0.44% of Volta’s GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 0.24% as at 31 August 2024, 0.20% as at 31 July 2024.

    ** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.
    *** The cash Corporate Credit and ABS bucket is currently made of 3 legacy assets representing 0.6% of GAV.

    CONTACTS

    For the Investment Manager
    AXA Investment Managers Paris
    François Touati
    francois.touati@axa-im.com
    +33 (0) 1 44 45 80 22

    Olivier Pons
    Olivier.pons@axa-im.com
    +33 (0) 1 44 45 87 30

    Company Secretary and Administrator
    BNP Paribas S.A, Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com 
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Securities plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,700 professionals and €844 billion in assets under management as of the end of December 2023.  

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, 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”). The securities referred to herein 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. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    Attachment

    The MIL Network –

  • MIL-OSI: The Riverside Company Signs Definitive Agreement to Sell Its PFB Insulation Products Business to Carlisle Companies

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, Oct. 21, 2024 (GLOBE NEWSWIRE) — The Riverside Company, a global investment firm focused on the smaller end of the middle market, together with its portfolio company PFB Corporation (PFB), is pleased to announce the firm has signed a definitive agreement to sell PFB’s Plasti-Fab and Insulspan business units to Carlisle Companies Incorporated (NYSE: CSL). The sale price for the business is approximately USD $260 million, and the transaction is expected to close in Q4 2024.

    Headquartered in Calgary, Alberta, PFB is a leading vertically integrated provider of Expanded Polystyrene (EPS)-based insulation products throughout North America. PFB’s Plasti-Fab division operates eight manufacturing facilities in Canada and three locations in the Midwestern U.S. and provides a full suite of EPS building materials and insulation products, including roofing and wall panels, insulated concrete forms and geofoam blocks for infrastructure applications. The Insulspan business unit designs and manufactures Structural Insulated Panels (SIPs) that lower construction costs and improve energy efficiency for residential and commercial buildings. The company sells its products into the reseller, distributor, contractor, builder and infrastructure channels. Following the sale, PFB will retain and continue to operate its PFB Custom Homes Group subsidiary.

    Since taking PFB private in December 2021, Riverside worked closely with the PFB leadership team to expand distribution and invest in automation and increased manufacturing capacity. With these initiatives, PFB’s earnings more than doubled during Riverside’s investment period, and the enterprise value of the business tripled.

    Robert Graham, PFB CEO, said, “We greatly appreciate Riverside’s support and partnership as we’ve executed our strategic growth plan over the past three years. We’re also incredibly proud of the hard work and commitment to excellence demonstrated by the entire PFB team in reaching this milestone. Our insulation products business fits very well strategically with Carlisle, and we are thrilled to join the Carlisle Companies to contribute to their continued growth.”

    Sean Ozbolt, Riverside Managing Partner, added, “It has been extremely rewarding to partner with Rob and the PFB team. On behalf of our investors, we’re grateful for the vision and strong execution by PFB’s leadership.” PFB was the first Riverside company to partner with Ownership Works, a non-profit organization committed to facilitating broad-based employee ownership across private equity portfolio companies.

    Houlihan Lokey acted as financial advisor to PFB and Paul Hastings and Blakes acted as legal counsel in connection with the transaction.

    The Riverside Company
    The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 1,000 investments. The firm’s international private equity and structured capital portfolios include more than 140 companies. For more information, visit http://www.riversidecompany.com

    Contact:
    Holly Mueller                                                               
    Marketing Consultant                                                       
    The Riverside Company                                               
    216 535 2236                                                
    hmueller@riversidecompany.com

    The MIL Network –

  • MIL-OSI: Bitget Announces the Listing of Scroll (SCR) in the Innovation, Zk and Layer2 Zone

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 21, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, announced the listing of Scroll (SCR) in its Innovation, Zk and Layer2 Zone. This listing will now make SCR tokens available on spot. Deposits are currently open, and trading will be available starting on October 22, 2024, at 08:00 (UTC), following the conclusion of pre-market trading that began in September. The available trading pairs include SCR/USDT and SCR/EUR.

    Scroll is a security-focused scaling solution for Ethereum, using innovations in scaling design and zero knowledge proofs to build a new layer on Ethereum. Scroll presents a solution for developers seeking to leverage the security and decentralization of Ethereum without the limitations of its base layer. With its focus on scalability, affordability, and developer experience, Scroll contributes to the growth and evolution of blockchain technology.

    The SCR token plays a crucial role in Scroll’s ecosystem, marking a key milestone toward the platform’s decentralization. With a total supply of 1 billion tokens, SCR supports governance, proof generation, and sequencing within the Scroll ecosystem.

    Bitget previously listed the SCR token in its Pre-market on September 20, enabling users to make early investments before the coin is listed on major exchanges. Currently, SCR is trading at 1.42 USDT in the Bitget Pre-market, with total trading volume approaching 2 million USDT. The SCR Pre-market will close prior to the launch of spot trading on Bitget, with deliveries occurring a few hours afterwards.

    To celebrate the Scroll’s listing, Bitget is launching a special 7-day promotion. During this limited-time offer, users can purchase SCR using credit or debit cards with 0% fees. This promotion covers over 140 currencies, including EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP, CAD, and more.

    This listing is part of Bitget’s broader strategy to expand beyond derivatives and include a diverse range of coins, granting exceptional access to different digital assets within the industry. The platform’s Innovation Zones have been pivotal in offering users early access to emerging tokens, enhancing their exposure in the cryptospace. The inclusion of SCR in Bitget’s innovation zone makes it easier for users to dive into the initial launch phases of the token including more upcoming crypto projects.

    In 2024, Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in a variety of projects, the platform is now one of the top 10 crypto spot trading platforms with over 800 coins and over 900 pairs, including tokens from ecosystems such as TON, Ethereum, Solana, Base and more.

    For more information on SCR tokens, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    Contact

    PR team

    media@bitget.com

    The MIL Network –

  • MIL-OSI: First American Bank Invests in the Miami Community with New Branch Location

    Source: GlobeNewswire (MIL-OSI)

    Conveniently Located Near Key Landmarks, New Branch Enhances Services for Hialeah Customers

    MIAMI, Oct. 21, 2024 (GLOBE NEWSWIRE) — First American Bank is moving their Hialeah branch from 611 W 49th Street Hialeah, FL to a newly designed location at 1437 W 49th Street. “The new branch provides space to accommodate our growing team and better support our customers with the personal attention and comprehensive financial services they deserve,” said Guillermo Diaz-Rousselot, First American Bank’s Miami market President.

    After 40-plus years in Hialeah, the Bank purchased this new location—just a few blocks away—cementing their presence in the Miami community. The branch will open on Monday, October 21, 2024, with Ismael Manuel Gil as Vice President and Market Manager.

    “The great part about this move,” shared Gil, “is that we will be more centrally located, and closer to the Westland Mall, Miami Dade College, and the Palmetto expressway, making it more convenient for current customers and further increasing our appeal to new ones.”

    As a leading financial institution with more than $7 billion in assets, First American Bank is committed to helping customers move confidently forward by providing personalized assistance and supporting community development. “This new location allows us to enhance our clients’ banking experience, including providing tailored solutions, business referrals, and account-opening services for foreign nationals,” Gil added.

    The network of Florida branches is led by Rodolfo Lleonart, Executive Vice President, and supported by various teams of specialists, including Brian Hagan, Florida Market President for Commercial Lending; John Olsen, Executive Vice President for Commercial Real Estate; Karina Valido, Vice President and Private Client Advisor for Wealth Management; and Joel De Jesus, SBA Assistant Program Manager for SBA loans.

    “We are proud to continue providing banking services and solutions to the Hialeah community that we so appreciate,” said Lleonart. “We look forward to seeing our valued customers and guests visit our new branch location.”

    Contact Hialeah Market Manager Ismael Manuel Gil at (786) 457-3937 or igil@firstambank.com.

    About First American Bank

    First American Bank is a full-service bank with $7 billion in assets and 60 branches and offices serving Miami, Tampa, Chicago, and Milwaukee. They are committed to creating solutions, providing exceptional customer service, and providing unmatched expertise in commercial banking, wealth advisory, and personal finance solutions.

    First American Bank is a Member FDIC.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d32320bf-26ed-4df7-8535-92ab3686c3c5

    The MIL Network –

  • MIL-OSI: Bybit Card Expands Cashback Options to Include BTC and ETH

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 21, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce the expanded cashback program for its signature Bybit Card. In addition to the current option to receive cashback in USDT, Bybit Card users may opt to receive BTC or ETH cashback for the first time, enabling holders to increase BTC or ETH holdings and potentially capture market upside when prices go up.

    The limited-time offer is an innovative Bybit Card feature to introduce more rewards options into the mix, rotating different tokens with each campaign. From now until the rewards pool is fully unlocked, users who are bullish on BTC or ETH can potentially boost their holdings through everyday spendings with their Bybit Card. 

    Receiving cashback in these two dominant cryptocurrencies takes just three steps: 

    1. Signing up for the Bybit Card (if available in the user’s region)
    2. Loging in and selecting BTC or ETH as the preferred cashback option via the Cash Rewards page
    3. Spending with the Bybit Card for daily purchases and reveiving up to 10% cashback

    Tailored to the diverse needs of the crypto community, the Bybit Card is positioned to provide flexibility with both crypto cashback or stablecoin (USDT) cashback. This allows users to align their rewards strategy with their financial goals:

    • BTC or ETH cashback goes to the user’s crypto portfolios with every swipe, capturing potential market gains for crypto optimists and fans of the classic pair. 
    • USDT cashback offers more predictable rewards, providing a potential option for users who prioritize stability over market exposure

    “Bybit’s vision for an integrated financial future centers on delivering convenience, meeting real-world consumer needs, and providing seamless access to crypto assets,” said Joan Han, Sales and Marketing Director at Bybit. “With our expanded cashback options, users can now grow their BTC and ETH holdings through everyday spending. We believe the new feature is a value-add for our users, transforming the Bybit Card from a simple payment tool into a gateway for users to participate in the market’s potential upside.”

    The Bybit Card empowers users to offramp their crypto in daily spendings. Featuring instant access to over 90 million Mastercard merchants worldwide and Bybit’s support for a wide array of tokens, the card also offers a generous tiered cashback program, with rewards ranging from 2% to 10%.

    The feature is available for eligible Bybit Card users in applicable regions only. Terms and conditions apply: Bybit Card – BTC/ETH Crypto CashBack

    #Bybit / #TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, please visit Bybit Press. 

    For media inquiries, please contact: media@bybit.com

    For more information, please visit: https://www.bybit.com

    For updates, please follow: Bybit’s Communities and Social Media

    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    Contact

    Head of PR
    Tony Au
    tony.au@bybit.com

    The MIL Network –

  • MIL-OSI: Synaptics Expands in Taiwan to Capture Rapid Growth in $24B AI IoT Market

    Source: GlobeNewswire (MIL-OSI)

    HSINCHU, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) — Synaptics® Incorporated (Nasdaq: SYNA) today announced it has expanded in Hsinchu, now making Taiwan Synaptics’ largest employee base worldwide. The expansion underscores the increasingly critical role of Taiwan in the semiconductor industry and gives Synaptics headroom to grow both its essential operations and engineering expertise. Among other things, the facilities will house the team that develops AI-enabled Edge devices for the IoT to capture a significant piece of the rapidly growing $24B market across consumer, automotive, enterprise, and industrial applications.

    “Our investment in Taiwan reflects our confidence in the region as a vital and strategic location for growth,” said Michael Hurlston, President and CEO of Synaptics. “Taiwan plays an increasingly pivotal role in the electronics supply chain and has nurtured a strong talent pool to draw upon to ensure our customers and partners are successful.”

    The Hsinchu and Taipei offices will be a hub for Synaptics’ finance and sales central services, operations engineering and supplier management, wireless product development and support, as well as core PC touch and fingerprint sensor solutions.

    About Synaptics Incorporated
    Synaptics (Nasdaq: SYNA) is leading the charge in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As the go-to partner for the world’s most forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play. Follow Synaptics on LinkedIn, X, and Facebook, or visit http://www.synaptics.com.  

    Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

    Media Contact
    Synaptics Incorporated
    Patrick Mannion
    Director of External PR and Technical Communications
    +1 631-678-1015
    patrick.mannion@synaptics.com

    The MIL Network –

  • MIL-OSI: Founder Group Limited Announces Pricing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    SELANGOR, Malyasia, Oct. 22, 2024 (GLOBE NEWSWIRE) — Founder Group Limited (“FGL” or the “Company”), a pure-play, end-to-end engineering, procurement, construction and commissioning (EPCC) solutions provider for solar PV facilities in Malaysia, today announced the pricing of its initial public offering (the “Offering”) of an aggregate 1,218,750 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $4.875 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option (the “Over-Allotment Option”) to purchase up to an additional 182,813 ordinary shares at the initial public offering price, less underwriting discounts.

    The ordinary shares are scheduled to begin trading on the Nasdaq Capital Market on October 23, 2024, under the ticker symbol “FGL”. The Offering is expected to close on or about October 24, 2024, subject to customary closing conditions.

    US Tiger Securities, Inc. (“US Tiger”) is acting as sole underwriter for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. legal counsel to the Company, and Sichenzia Ross Ference Carmel LLP is acting as U.S. legal counsel to US Tiger.

    The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 related to the Offering, as amended (File No. 333-281167), which was filed with the United States Securities and Exchange Commission (the “SEC”) and was declared effective on September 30, 2024. The offering of the securities is being made only by means of a prospectus forming a part of the registration statement. Electronic copies of the final prospectus relating to the Offering may be obtained, when available, by visiting the SEC’s website located at http://www.sec.gov or by contacting US Tiger Securities, Inc. at 437 Madison Avenue, 27th Floor, New York, New York 10022, or by telephone at +1 646-978-5188.

    This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s securities, nor shall there be any offer, solicitation, or sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Founder Group Limited

    Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The Company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The Company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality.

    For more information on the Company, please log on to https://www.founderenergy.com.my/.

    Safe Harbor Statement

    This press release contains forward-looking statements that reflect our current expectations and views of future events, including but not limited to, the Company’s proposed Offering. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the registration statement on Form F-1 related to the Offering, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

    Contact Information:

    Founder Group Limited Contact:
    Eric Lee
    Chief Executive Officer
    Telephone +03-3358 5638
    Email: ericlee@founderenergy.com.my

    Underwriter Inquiries:
    US Tiger Securities, Inc.
    437 Madison Avenue, FL 27
    New York, NY 10022
    Email: ECM@ustigersecurities.com

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

    The MIL Network –

  • MIL-OSI: Unifiedpost Group announces changes in Leadership team and Board composition

    Source: GlobeNewswire (MIL-OSI)

    INSIDE INFORMATION

    La Hulpe, Belgium – 23 October 2024, 7:00 am. CET – INSIDE INFORMATION – Unifiedpost Group SA (Euronext Brussels: UPG) (Unifiedpost, Company), a leading provider of integrated business communications solutions, announces the appointment of Nicolas de Beco as its CEO, effective December 1, 2024. Founder and current CEO Hans Leybaert will transition to Executive Chairman. Additionally, the Board has co-opted two new members: Crescemus BV, represented by Pieter Bourgeois, and PDMT Investments LLC, represented by Peter Mulroy. The Board further plans to nominate potential Board members at the next Ordinary General Shareholder Meeting. These changes align with our commitment to enhance governance and strengthen the position of Unifiedpost.

    Summary of appointments:

    • Nicolas de Beco has been appointed as the new CEO of Unifiedpost, effective December 1, 2024. Nicolas succeeds Hans Leybaert, who will transition to Executive Chairman of the Board.
    • Crescemus BV, represented by Pieter Bourgeois, has been co-opted as a non-executive director, replacing AS Partner BV, represented by Stefan Yee, who stepped down on October 1, 2024. Crescemus will represent Alychlo NV in the Board. The mandate will take effect as from October 23, 2024.
    • PDMT Investments LLC, represented by Peter Mulroy, has been co-opted as independent director, replacing Sopharth BV, represented by Philippe De Backer, who stepped down on October 1, 2024. The mandate will take effect as from October 23, 2024.
    • The Board plans to nominate four potential Board members at the next Ordinary Shareholder Meeting in May 2025.

    Appointment of Nicolas de Beco as CEO; Hans Leybaert becomes executive chairman.

    Unifiedpost is pleased to announce Nicolas de Beco as its new CEO, effective December 1, 2024. Nicolas will succeed Hans Leybaert, who will transition into the role of Executive Chairman. Nicolas brings extensive experience in scaling SaaS businesses and driving operational excellence, both of which are essential to Unifiedpost’s current strategic priorities, as the company continues to execute on its organic growth plans and capitalise on opportunities arising from regulatory reforms across Europe. Hans Leybaert will remain on board to guide the strategy implementation of the company.

    Hans Leybaert stated, “We welcome Nicolas as our new CEO, and I am excited to transition into the role of Executive Chairman. Nicolas brings a wealth of experience to Unifiedpost, having served as Senior Vice President of Strategy at Quadient and President of the French Foreign Trade Advisors in New England. His proven ability to understand and address customer needs aligns with our commitment to customer-centric innovation. I am confident that this transition will keep Unifiedpost on track to becoming the leading digital platform for administrative, financial, payment, and communication processes. Nicolas will bring fresh ideas that will accelerate our growth.”

    Nicolas de Beco stated: “I’m excited to join Unifiedpost, Europe’s leading SaaS provider for Financial Automation. With the support of 1.000+ dedicated employees and a strong base of 1,3 million customers, I look forward to leading the team towards sustained, profitable growth and shareholder returns.”

    Co-optation of new Board members

    Following the announcement on July 8, 2024, Stefan Yee, representing AS Partners BV, has decided to voluntarily step down as chairman and member of the Board after nearly 10 years of service since 2014, effective October 1, 2024. Additionally, Philippe De Backer, representing Sopharth BV, has also stepped down from the Board effective October 1, 2024, due to a new professional commitment that prevents his continued service on the Unifiedpost Board.

    Following this, the Board of Directors has decided to co-opt Pieter Bourgeois, representing Crescemus BV, and Peter Mulroy, representing PDMT Investments LLC, as directors effective October 23, 2024. Pieter Bourgeois, who will replace Stefan Yee, is the CEO of Alychlo NV and will represent Alychlo on the Board. Peter Mulroy, replacing Philippe De Backer, will serve as an independent director and brings over 40 years of experience in global trade, receivables, and supply chain finance. The Board will seek ratification of these appointments from the Ordinary General Shareholder Meeting in May 2025. These changes reflect Unifiedpost’s commitment to maintaining a diverse and experienced Board, ensuring strong corporate governance. The newly appointed members’ extensive international experience aligns with Unifiedpost’s ambitions to accelerate the growth of digital services and enhance value for our shareholders and customers.

    Commenting on the announcement, Hans Leybaert stated, “First and foremost, I want to express my sincere gratitude to Stefan Yee and Philippe De Backer for their significant contributions to Unifiedpost during their tenure on our Board. Their insights and dedication have been invaluable to our growth. As we welcome Pieter Bourgeois and Peter Mulroy as new members, I am confident that their expertise will further enhance our governance. Pieter, representing Alychlo, underscores our commitment to a strong Board, while Peter’s extensive background in global trade and finance will be instrumental as we continue to advance our strategic objectives. We look forward to the fresh perspectives our new Board members will bring while building upon the strong foundation laid by their predecessors”.

    Pieter Bourgeois, CEO of Alychlo, added, “As long-term investors, we have always believed in the company’s potential and the value it can unlock for all shareholders. We appreciate the collaborative approach taken by Unifiedpost’s leadership to implement these governance changes, which we believe are a testament to Unifiedpost’s commitment to adopt best practices and strengthen oversight. I am honoured to join the board and look forward to working collaboratively with my fellow directors and management to drive sustainable growth, operational excellence, and long-term value creation for all stakeholders.”

    Planned nominations by the Board.

    To further expand the experience of the Board and give it a more international character, the Board shall propose to nominate four additional directors at the next Ordinary General Shareholder Meeting, scheduled for May 20, 2025:

    • Nathalie Van den Haute, representing Quilaudem BV, shall be proposed to be nominated as a non-executive director. Nathalie is an Investment Principal at Alychlo NV and will represent Alychlo on the Board. She has extensive experience in corporate finance and equity capital markets, having held various leadership positions at KBC Securities.
    • Koen Hoffman, representing Ahok BV, shall be proposed to be nominated as an independent director. Koen is the CEO of Value Square and serves on the boards of Greenyard, Fagron, and MDxHealth in independent capacities.
    • Leanne Kemp shall be proposed to be nominated as an independent director. Leanne is the founder and CEO of Everledger. A prominent figure in the technology sector, she co-chairs the World Economic Forum’s Global Future Council on the Future of Manufacturing and participates in the Global Future Council on Blockchain. Additionally, Leanne leads workstreams at the Global Blockchain Business Council, co-chairs the Sustainable Trade Action Group for the World Trade Board and serves on the IBM Blockchain Platform Board of Advisors.  
    • Nicolas de Beco, representing Beco Global Consulting LLC, shall be proposed to be nominated as executive director.

    The Board shall propose to nominate them for a four-year term, effective from the next Ordinary General Shareholder Meeting. Additionally, the Board shall propose that the shareholders align the terms of the mandates for Crescemus BV and PDMT Investments LLC with this four-year term.

    With these changes to its governance structure, Unifiedpost highlights the international experience of its Board. This reinforces the company’s ambition to become a leading Pan-European player in its market segment.

    Please visit Unifiedpost’s website for more information about the Board of Directors.

    Contact:
    Alex Nicoll
    Investor Relations
    Unifiedpost Group
    alex.nicoll@unifiedpost.com

    About Unifiedpost Group

    Unifiedpost is a leading cloud-based platform for SME business services built on “Documents,” “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost’s mission is to make administrative and financial processes simple and smart for its customers. For more information about Unifiedpost Group and its offerings, please visit our website: Unifiedpost Group | Global leaders in digital solutions

    Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Unifiedpost Group and the markets in which it is active. Such forward-looking statements are based on management’s current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, Unifiedpost Group does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.

    Attachments

    The MIL Network –

  • MIL-OSI: Planisware – Q3 2024 revenue

    Source: GlobeNewswire (MIL-OSI)

    Q3 2024 revenue of € 47.0 million

    • Year-on-year revenue growth in constant currencies of +18.7% in Q3 and +19.3% for the 9 first months of the year
    • Record high commercial pipeline but longer customer decision-making process driving delayed signature and start of new contracts
    • More cautious view on revenue growth in Q4
    • Improving profitability thanks to continuous progress in operational efficiency and better activity mix
    • Revision of 2024 objectives announced in September 2023:
      • 2024 revenue growth in constant currencies between +17% and +18%
        (vs. c. 19.5%)
      • Adjusted EBITDA margin raised to approximately 34% (vs. c. 33%)
      • Cash Conversion Rate of c. 80% confirmed

    Paris, October 23, 2024 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces today its revenue for the third quarter of 2024. Revenue amounted to € 47.0 million, up by +18.2% in current currencies, mainly led by the continued success of the Group’s market-leading SaaS platform. In constant currencies, revenue growth reached +18.7% (€+7.4 million) in Q3 and +19.3% (€+21.6 million) for the first nine months of the year. Recurring revenue amounted to €41.4 million in Q3 (88% of revenue) and was up by +21.2% in constant currencies.

    Loïc Sautour, CEO of Planisware, commented: “During the third quarter of 2024, Planisware delivered a solid +18.7% revenue growth in constant currencies, led by the continued success of our SaaS operations. This was a bit lower than expected due to elongated customers’ decision-making process since the end of the summer on the back of political concerns in France and difficulties seen in some of our key verticals such as automotive.

    Taking into account some uncertainties in the closing timing of delayed signatures and the start of some contracts, we adopt a cautious view for the end of the year. As a results, we now target annual revenue growth between +17% and +18% in constant currencies.

    In parallel, we continue to benefit from the evolution of our activity mix and to deliver further operational efficiencies on employee-related costs enabling to raise our 2024 profitability objective to c. 34% while confirming our cash conversion rate objective of c. 80%.

    Beyond the current quarter, we continue to build on our record high commercial pipeline fuelled by increasing demands for strategic portfolio management tools that help companies to better align their resources with strategic business goals. This dynamic is paving the way towards our ambition to be the accelerator of the Project Economy and the number one provider of multi-specialty project and portfolio management software solutions.”

    Q3 2024 revenue by revenue stream

    In € million Q3 2024 Q3 2023 Variation
    YoY    		 Variation
    in cc*
    Recurring revenue 41.4 34.3 +20.7% +21.2%
    SaaS & Hosting 20.8 17.1 +21.9% +22.3%
    Evolutive support 13.0 10.4 +24.6% +25.2%
    Subscription support 2.8 2.2 +29.4% +30.3%
    Maintenance 4.8 4.6 +3.8% +4.1%
    Non-recurring revenue 5.6 5.1 +8.3% +8.7%
    Perpetual license 2.0 1.3 +57.3% +58.0%
    Implementation & others non-recurring 3.5 3.8 -8.1% -7.9%
    Revenue with customers 47.0 39.4 +19.1% +19.6%
    Other revenue – 0.3    
    Total revenue 47.0 39.7 +18.2% +18.7%

    * Revenue evolution in constant currencies, i.e. at Q3 2023 average exchange rates

    Reaching €47.0 million in Q3 2024, revenue was up by +18.2% in current currencies and +18.7% in constant currencies. The exchange rates effect was mostly related to the appreciation of the euro versus the US dollar and the Japanese yen compared to Q3 2023. In order to reflect the underlying performance of the Company independently from exchange rates fluctuations, the following analysis refers to revenue evolution in constant currencies, applying Q3 2023 average exchange rates to Q3 2024 revenue figures, unless expressly stated otherwise.

    Recurring revenue

    Representing 88% of Q3 2024 revenue versus 86% in Q3 2023, recurring revenue reached €41.4 million, up by +21.2%.

    Revenue growth was fully led by Planisware’s SaaS model (i.e. SaaS & Hosting and Evolutive & Subscription support) up +23.9%, with SaaS & Hosting revenue up by +22.3% thanks to contracts secured with new customers as well as continued expansion within the installed base. Revenue of support activities (Evolutive & Subscription support), intrinsically related to Planisware’s SaaS offering, grew by +26.1%.

    Maintenance revenue was up by +4.1% in the context of the Group’s shift from its prior license model to a SaaS model.

    Non-recurring revenue

    Non-recurring revenue was up by +8.7%, helped by perpetual licenses extensions and upgrades sold in Q3 2024 to established customers with specific on-premise needs.

    The continued effort to deliver shorter implementations and to bring value faster to customers continued to drive down the planned revenue decline in Implementation. At -7.9% in Q3, revenue decline was accented by delays in the start of projects.

    Confirmed leadership of Planisware

    Planisware’s broad recognition from third-party industry analysts was further confirmed by the latest 2024 Gartner® “Magic QuadrantTMfor Adaptive Project Management and Reporting report.” published on September 5, 2024 and in which Gartner reasserted Planisware as a Leader, emphasizing “robust integrations, dynamic reporting, and native collaboration functionality” and a roadmap that “includes investments to bolster objective and key result (OKR) capabilities, automate work effort tracking, and deliver additional AI-driven features”.

    2024 objectives

    During its process to prepare its IPO, Planisware communicated to investors its 2024 objectives as early as September 2023.

    Planisware communicates today a revised set of 2024 objectives to take into account the uncertainties in the closing timing of delayed signatures and the start of some contracts. The Group adopts a more cautious view for year-end revenue growth. In parallel, continuous progress in operational efficiency and improving activity mix enable Planisware to raise its profitability objective, while confirming its objective for cash generation. As a consequence, Planisware’s 2024 objectives are:

    • Revenue growth in constant currencies between +17% and +18% (c. 19.5% priorly)
    • Adjusted EBITDA margin of approximately 34% (approximately 33% priorly)
    • Cash Conversion Rate of c.80% confirmed

    Appendices

    YTD 2024 revenue by revenue stream

    In € million 9M 2024 9M 2023 Variation
    YoY    		 Variation
    in cc*
    Recurring revenue 118.0 96.4 +22.5% +22.9%
    SaaS & Hosting 59.6 46.6 +27.8% +28.0%
    Evolutive support 35.9 29.8 +20.4% +21.1%
    Subscription support 8.4 6.3 +34.8% +35.0%
    Maintenance 14.1 13.6 +3.4% +3.5%
    Non-recurring revenue 15.5 15.3 +1.9% +2.0%
    Perpetual license 6.1 3.6 +70.1% +70.4%
    Implementation & others non-recurring 9.4 11.7 -19.2% -19.1%
    Revenue with customers 133.6 111.6 +19.7% +20.0%
    Other revenue – 0.7    
    Total revenue 133.6 112.3 +18.9% +19.3%

    * Revenue evolution in constant currencies, i.e. at 9M 2023 average exchange rates

    Q3 2024 revenue Investors & Analysts conference call

    Planisware’s management team will host an international conference call on October 23, 2024 at 8:00am CET to details Q3 2023 performance and key achievements, by means of a presentation followed by a Q&A session. The webcast and its subsequent replay will be available on planisware.com.

    Upcoming event

    • February 27, 2025:        FY 2024 results publication

    Contact

    About Planisware

    Planisware is a leading business-to-business (“B2B”) provider of Software-as-a-Service (“SaaS”) in the rapidly growing Project Economy. Planisware’s mission is to provide solutions that help organizations transform how they strategize, plan and deliver their projects, project portfolios, programs and products.

    With more than 700 employees across 14 offices, Planisware operates at significant scale serving around 600 organizational clients in a wide range of verticals and functions across more than 30 countries worldwide. Planisware’s clients include large international companies, medium-sized businesses and public sector entities.

    Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, ticker symbol “PLNW”). For more information, visit: https://planisware.com/

    Connect with Planisware on: LinkedIn and X (formerly Twitter).

    Disclaimer

    Forward-looking statements

    This document contains statements regarding the prospects and growth strategies of Planisware. These statements are sometimes identified by the use of the future or conditional tense, or by the use of forward-looking terms such as “considers”, “envisages”, “believes”, “aims”, “expects”, “intends”, “should”, “anticipates”, “estimates”, “thinks”, “wishes” and “might”, or, if applicable, the negative form of such terms and similar expressions or similar terminology. Such information is not historical in nature and should not be interpreted as a guarantee of future performance. Such information is based on data, assumptions, and estimates that Planisware considers reasonable. Such information is subject to change or modification based on uncertainties in the economic, financial, competitive or regulatory environments.

    This information includes statements relating to Planisware’s intentions, estimates and targets with respect to its markets, strategies, growth, results of operations, financial situation and liquidity. Planisware’s forward-looking statements speak only as of the date of this document. Absent any applicable legal or regulatory requirements, Planisware expressly disclaims any obligation to release any updates to any forward-looking statements contained in this document to reflect any change in its expectations or any change in events, conditions or circumstances, on which any forward-looking statement contained in this document is based. Planisware operates in a competitive and rapidly evolving environment; it is therefore unable to anticipate all risks, uncertainties or other factors that may affect its business, their potential impact on its business or the extent to which the occurrence of a risk or combination of risks could have significantly different results from those set out in any forward-looking statements, it being noted that such forward-looking statements do not constitute a guarantee of actual results.

    Rounded figures

    Certain numerical figures and data presented in this document (including financial data presented in millions or thousands and certain percentages) have been subject to rounding adjustments and, as a result, the corresponding totals in this document may vary slightly from the actual arithmetic totals of such information.

    Variation in constant currencies

    Variation in constant currencies represent figures based on constant exchange rates using as a base those used in the prior year. As a result, such figures may vary slightly from actual results based on current exchange rates.

    Non-IFRS measures

    This document includes certain unaudited measures and ratios of the Group’s financial or non-financial performance (the “non-IFRS measures”), such as “recurring revenue”, “non-recurring revenue”, “gross margin”, “Adjusted EBITDA”, “Adjusted EBITDA margin”, “Adjusted Free Cash Flow”, “cash conversion rate”, “churn rate” and “Net Retention Rate” (or “NRR”). Non-IFRS financial information may exclude certain items contained in the nearest IFRS financial measure or include certain non-IFRS components. Readers should not consider items which are not recognized measurements under IFRS as alternatives to the applicable measurements under IFRS. These measures have limitations as analytical tools and readers should not treat them as substitutes for IFRS measures. In particular, readers should not consider such measurements of the Group’s financial performance or liquidity as an alternative to profit for the period, operating income or other performance measures derived in accordance with IFRS or as an alternative to cash flow from (used in) operating activities as a measurement of the Group’s liquidity. Other companies with activities similar to or different from those of the Group could calculate non-IFRS measures differently from the calculations adopted by the Group.

    Non-IFRS measures included in this document are defined as follows:

    • Adjusted EBITDA is calculated as Current operating profit including share of profit of equity-accounted investees, plus amortization and depreciation as well as impairment of intangible assets and property, plant and equipment, plus either non-recurring items or non-operating items.
    • Adjusted EBITDA margin is the ratio of Adjusted EBITDA to total revenue.
    • Adjusted FCF (Free Cash Flow) is calculated as cash flows from operating activities, plus IPO costs paid, if any, less other financial income and expenses classified as operating activities in the cash-flow statement, and less net cash relating to capital expenditures.
    • Cash Conversion Rate is defined as Adjusted FCF divided by Adjusted EBITDA. Planisware considers Cash Conversion Rate to be a meaningful financial measure to assess and compare the Group’s capital intensity and efficiency.
    • Net cash position is defined as Cash minus indebtedness excluding lease liabilities.

    Attachment

    The MIL Network –

  • MIL-OSI: TGS Announces Birmingham-Gemini 3D Seismic Survey in Appalachian Basin

    Source: GlobeNewswire (MIL-OSI)

    OSLO, Norway (23 October 2024) – TGS, a global leader in energy data and intelligence, today announced an extension to the Birmingham 3D seismic survey covering 276 square miles. The survey is strategically located on the western flank of the Appalachian Basin, aligning with the most prospective trend of the Utica-Point Pleasant formation and Clinton sands.

    Kristian Johansen, CEO of TGS, commented: “The Birmingham-Gemini 3D survey reflects TGS’ commitment to uncovering the Appalachian Basin’s potential. Combined with our well-log database and analytical products, it provides clients with critical insights to drive exploration and production success, highlighting our dedication to delivering premium geoscience data for informed decision-making.”

    The Birmingham-Gemini 3D seismic survey will target key formations in the Appalachian Basin, including the Ordovician Trenton, Black River, Utica/Point Pleasant, Cambrian reservoirs, and Silurian Clinton sands. Positioned up-dip from the Utica condensate and gas trend, the survey aims to explore the under-explored Point Pleasant oil window.

    Using advanced seismic imaging, the project will map deep structures to identify hydrocarbon traps, analyze facies changes and optimize well placement. These insights will aid operators in refining exploration and production strategies.

    TGS will enhance the seismic data by integrating it with its extensive Appalachian geologic and well database, including over 480,000 well logs. Proprietary formation tops and well performance metrics, available through the TGS Well Data Analytics platform, provide clients with comprehensive analysis for deeper insights into the region’s potential.

    Recording for the Birmingham-Gemini 3D survey will commence in early 2025, with the fully processed dataset available to clients by year-end.

    This project is supported by industry funding.

    For more information, visit TGS.com or contact:

    Bård Stenberg
    IR & Business Intelligence
    Mobile: +47 992 45 235
    investor@tgs.com

    About TGS
    TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit http://www.tgs.com (https://www.tgs.com/).

    Forward Looking Statement
    All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

    The MIL Network –

  • MIL-OSI: WithSecure Interim report 1 January – 30 September 2024: Elements software continues growth, profitability maintained despite challenges in services

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Interim report 1 January – 30 September 2024, 23 October 2024 at 8.00 EEST

    WithSecure Interim report 1 January – 30 September 2024: Elements software continues growth, profitability maintained despite challenges in services

    Highlights of July – September 2024 (“third quarter”)

    • Annual Recurring Revenue (ARR)1 for Elements Cloud products and services2 increased by 11% to EUR 81.8 million (EUR 73.8 million)
    • Elements Cloud ARR decrease from previous quarter was 1%
    • Net Revenue Retention for Elements Cloud was 104%
    • Revenue for Elements Cloud increased by 9% to EUR 20.7 million (EUR 19.0 million)
    • ARR for Cloud Protection for Salesforce increased by 38% to EUR 10.2 million (EUR 7.4 million)
    • CPSF Revenue increased by 20% to EUR 2.4 million (EUR 2.0 million)
    • Cyber security consulting revenue declined by 1% to EUR 7.5 million (EUR 7.7 million)
    • Adjusted EBITDA for WithSecure was EUR 1.9 million (EUR -2.3 million)
    • Items affecting comparability (IAC) of EBITDA were EUR -0.4 million (EUR -0.2 million).
    • Consulting-related goodwill was impaired by EUR 15.5 million in the third quarter
    1. Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve.  Monthly recurring revenue includes recognized revenue within the month excluding non-recurring revenue
    2. Elements Cloud includes Elements Cloud portfolio software and services as well as the managed services

    Highlights of January – September 2024

    • Revenue for Elements Cloud products and services increased by 10% to EUR 61.8 million (EUR 56.4 million)
    • CPSF revenue increased by 5% to EUR 6.6 million (EUR 6.3 million)
    • Cyber security consulting revenue increased by 2% to EUR 23.6 million (EUR 23.2 million)
    • Adjusted EBITDA for WithSecure was EUR 0.7 million (EUR -16.3 million)
    • Items affecting comparability (IAC) of EBITDA were EUR -0.9 million (EUR -3.4 million).

    Outlook for 2024

    Outlook for 2024 (updated on 11 October 2024)
    Annual recurring revenue (ARR) for Elements Cloud products and services will grow by 6–14 % from the end of 2023. At the end of 2023, Elements Cloud ARR was EUR 78.4 million.

    Revenue from Elements Cloud products and services will grow by 8–12 % from previous year. Previous year revenue from Elements Cloud was EUR 76.1 million.

    Total revenue of the group will grow by 2– 5 % from previous year. Previous year revenue of the group was EUR 142.8 million.

    Adjusted EBITDA of full year 2024 will be positive.

    Outlook for 2024 (previous)
    Annual recurring revenue (ARR) for Elements Cloud products and services will grow by 10–20 % from the end of 2023. At the end of 2023, Elements Cloud ARR was EUR 78.4 million.

    Revenue from Elements Cloud products and services will grow by 10–16 % from previous year. Previous year revenue from Elements Cloud was EUR 76.1 million.

    Total revenue of the group will grow by 6–12 % from previous year. Previous year revenue of the group was EUR 142.8 million.

    Adjusted EBITDA of full year 2024 will be positive.

    Figures in this report are unaudited. Figures in brackets refer to the corresponding period in the previous year, unless otherwise stated. Percentages and figures presented may include rounding differences and might therefore not add up precisely to the totals presented.

    CEO Antti Koskela

    In the third quarter of 2024, WithSecure ARR for Elements Cloud products and services grew by 11 % to EUR 81.8 million (EUR 73.8 million). Elements Cloud revenue grew by 9 % to EUR 20.7 million (EUR 19.0 million). Despite the slightly disappointing revenue growth, profitability of both Elements Company segment and WithSecure Group was positive at the Adjusted EBITDA level. Cloud Protection for Salesforce business returned to the growth track, with ARR growth of 38 %.

    In the Elements Company, Elements software continued to perform with good year-on-year growth. In the DACH (Germany, Austria, Switzerland) region, the revenue growth slowed down slightly, mostly due to the weakness of the German economy. In other European regions and Japan, the revenue and ARR growth continued. In Managed services, some large customers churned during third quarter. This development was affected by our increasing focus on selling managed services to mid-market customers through the Elements platform. However, despite the increase in the number of customers, revenue did not fully compensate for the churned accounts. Of the geographic regions, mostly the UK and the US have been impacted by the Managed services development.

    Exposure Management, introduced in SPHERE’24 reached General Availability during the third quarter. The customer demand for the newest module of Elements has remained high. Also, our AI assistant Luminen became available for all Elements customers in the third quarter.

    Elements Company Adjusted EBITDA was EUR 2.0 million (EUR -0.5 million), as a result of the cost savings of 2023 and continuous efficiency measures.

    In Cloud Protection for Salesforce (CPSF), focused efforts on improving sales efficiency resulted in breaking through the 10 million ARR threshold. ARR grew by 38 % to EUR 10.2 million (EUR 7.4 million). Revenue grew by 20 % to EUR 2.4 million (EUR 2.0 million). We continue to develop CPSF as an independent business in WithSecure. Profitability of the CPSF is moving towards break-even with the improving revenue.

    Cyber security consulting revenue was slightly below previous year’s level and was EUR 7.5 million (EUR 7.7 million). In some key accounts, we saw financial constraints in the third quarter. In the long term, we continue to see solid demand for cyber security consulting service. As announced on 31 October 2023, the Cyber security consulting business is under strategic review. We are in active discussions regarding divestment of the business, but no decision has been taken so far.

    Due to the gaps between actual and expected revenue, we lowered the financial outlook for 2024. For the changes in consulting revenue estimates and increased equity market risk, we recorded an impairment of the consulting-related goodwill of EUR 15.5 million in the third quarter.

    At the end of September, WithSecure’s headquarters moved to the new premises in Wood City, Helsinki. This is part of our plan of creating dynamic and collaborative workplaces, to welcome our employees and visitors and to foster well-being and creativity.

    Financial performance

    (mEUR) 7-9/2024 7-9/2023 Change % 1-9/2024 1-9/2023 Change % 1-12/2023
    Revenue 36.1 34.8 4% 109.2 104.8 4% 142.8
    Gross Margin 26.2 24.2 9% 78.4 72.6 8% 100.2
    % of revenue 72.6 % 69.5 %   71.8 % 69.3 %   70.2 %
    Other operating income1 0.7 0.2 227% 1.6 1.0 53% 1.4
    Operating expenses1 -25.0 -26.6 6% -79.2 -90.0 12% -117.7
    Sales & Marketing -13.7 -15.2 10% -42.9 -52.4 18% -68.1
    Research & Development -8.4 -8.2 3% -26.5 -27.6 4% -36.3
    Administration -3.0 -3.3 10% -9.8 -10.0 2% -13.3
    Adjusted EBITDA2 1.9 -2.3 182% 0.7 -16.3 -104% -16.1
    % of revenue 5.2 % -6.5 %   0.7 % -15.6 %   -11.3 %
    Items affecting comparability (IAC)              
    Other items -0.6 -0.1 -468% -1.6 -0.4 -301% -1.4
    Restructuring -0.4 -0.1 -303% -0.4 -4.4 90% -8.9
    Divestments 0.6     1.2 1.4 -15% 1.4
    EBITDA 1.5 -2.5 -160% -0.1 -19.7 99% -25.1
    % of revenue 4.1 % -7.1 %   -0.1 % -18.8 %   -17.6 %
    Depreciation & amortization, excluding PPA3 -2.6 -2.5 -5% -7.4 -7.6 2% -10.2
    Impairment -15.5 -6.2 -150% -15.5 -6.2 -150% -6.2
    PPA amortization -0.5 -0.6 15% -1.7 -1.8 4% -2.4
    EBIT -17.2 -11.8 46% -24.8 -35.3 30% -43.9
    % of revenue -47.5 % -33.8 %   -22.7 % -33.7 %   -30.7 %
    Adjusted EBIT2 -0.8 -4.8 84% -6.7 -23.9 72% -26.3
    % of revenue -2.1 % -13.7 %   -6.1 % -22.8 %   -18.4 %
    1. Excluding Items Affecting Comparability (IAC) and depreciation and amortization. In 2023 excludes also costs of services provided to F-Secure under TSA and equivalent income charged for TSA services. 
    2. Adjustments are material items outside the normal course of business associated with acquisitions, integration, restructuring, gains or losses from sales of businesses and other items affecting comparability. For reconciliation and a breakdown of adjusted costs, see Note 6 (Reconciliation of alternative performance measures)
    3. Amortization of intangible assets from business combinations (PPA, purchase price allocation, related amortizations). 
    (mEUR) 7-9/2024 7-9/2023 Change % 1-9/2024 1-9/2023 Change % 1-12/2023
    Earnings per share, (EUR)1 -0.10 -0.06 -69% -0.13 -0.16 18% -0.23
    Deferred revenue       65.7 65.7 0% 66.9
    Cash flow from operations before financial items and taxes -0.6 -9.0 94% -5.7 -22.5 75% -19.9
    Cash and cash equivalents       21.6 30.0 -28% 36.6
    ROI, % -60.8 % -33.3 % -82% -27.1 % -30.9 % 12% -30.5 %
    Equity ratio, %       66.6 % 79.1 % -16% 73.3 %
    Gearing, %       4.0 % -18.3 % -122% -22.2 %
    Personnel, end of period       983 1,147 -14% 1,087
    1. Based on the weighted average number of outstanding shares during the period 175,976,169 (1-9/2024). Earnings per share has been recalculated for comparative periods using average weighted share amount after share issues.

    Events after period-end
    No material changes regarding the company’s business or financial position have taken place after the end of the quarter.

    Additional information
    This is a summary of WithSecure’s interim report 1 January – 30 September 2024. The full report is a PDF file attached to this stock exchange release. Full report is also available on the company website.

    Webcast
    WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast on 23 October starting at 14.00 EEST. The webcast will be held in English and can be accessed at

    https://withsecure.videosync.fi/q3-2024

    Questions in written format are requested in the webcast portal. Presentation material and the webcast recording will be available on the company website

    Materials | Investor Relations | WithSecure™

    Financial calendar
    WithSecure will publish its financial information dates of 2025 later in the fourth quarter of 2024. WithSecure observes at least a three-week (21 days) silent period prior to publication of financial reports, during which it refrains from engaging in discussions with capital market representatives or the media regarding WithSecure’s financial position or the factors affecting it.

    Contact information

    Tom Jansson, CFO
    WithSecure Corporation

    Laura Viita, VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    Attachment

    The MIL Network –

  • MIL-OSI: Ringkjøbing Landbobank’s quarterly report for the first three quarters of 2024

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    Euronext Dublin
    London Stock Exchange
    Other stakeholders

    23 October 2024

    Ringkjøbing Landbobank’s quarterly report for the first three quarters of 2024

    The bank’s board of directors and general management have today approved the quarterly report for the first three quarters of 2024.

    With net profit of DKK 1.77 billion for the first three quarters of 2024, the bank specifies the expected results for net profit for 2024 to the top of the DKK 2,000-2,350 million range.

    Core earnings

    (DKK million) Q1-Q3 2024 Q1-Q3 2023 2023 2022 2021 2020
    Total core income 3,067 2,785 3,828 2,862 2,433 2,179
    Total expenses and depreciation 761 708 963 891 817 788
    Core earnings before impairment charges 2,306 2,077 2,865 1,971 1,616 1,391
    Impairment charges for loans etc. +2 -1 -1 -2 -68 -223
    Core earnings 2,308 2,076 2,864 1,969 1,548 1,168
    Result for the portfolio etc. +56 -36 -7 -69 +7 -9
    Amortisation etc. on intangible assets 15 15 20 20 17 15
    Tax 579 484 682 385 309 224
    Net profit 1,770 1,541 2,155 1,495 1,229 920

    Highlights of the first three quarters of 2024

    • The net profit is DKK 1,770 million, equivalent to a 22% p.a. return on equity
    • Earnings per share – measured on net profit – increase by 20% to DKK 69
    • Core income increases by 10% to DKK 3,067 million
    • Costs increase by 8%, and the cost/income ratio decreases to 24.8%
    • In the first three quarters of 2024, the bank carried impairment charges of DKK 2 million to income based on strong credit quality while, in the first nine months of 2024, the total management estimates increased by DKK 52 million 
    • Highly satisfactory increase in customer numbers and growth of 9% in loans, 4% in deposits and 14% in funds in custody accounts
    • The bank’s brands remain highly ranked in the annual Voxmeter Image survey where the Ringkjøbing Landbobank brand takes first place.
    • The expected result for 2024 is specified to be at the upper end of the upwardly adjusted DKK 2,000-2,350 million range

    Yours sincerely

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Attachments

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