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Category: GlobeNewswire

  • MIL-OSI: Vicor Corporation Reports Results for the Third Quarter Ended September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Oct. 22, 2024 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today reported financial results for the third quarter ended September 30, 2024. These results will be discussed later today at 5:00 p.m. Eastern Time, during management’s quarterly investor conference call. The details for the call are below.

    Revenues for the third quarter ended September 30, 2024 totaled $93.2 million, a 13.6% decrease from $107.8 million for the corresponding period a year ago, and an 8.5% sequential increase from $85.9 million in the second quarter of 2024.

    Gross margin decreased to $45.7 million for the third quarter of 2024, compared to $55.9 million for the corresponding period a year ago but increased from $42.8 million for the second quarter of 2024. Gross margin, as a percentage of revenue, decreased to 49.1% for the third quarter of 2024, compared to 51.8% for the corresponding period a year ago and 49.8% for the second quarter of 2024. Operating expenses increased to $40.4 million for the third quarter of 2024, compared to $40.2 million for the corresponding period a year ago, and decreased sequentially from $42.6 million for the second quarter of 2024.

    Net income for the third quarter was $11.6 million, or $0.26 per diluted share, compared to net income of $16.6 million or $0.37 per diluted share, for the corresponding period a year ago and net loss of $(1.2) million, or $(0.03) per diluted share, for the second quarter of 2024.

    Cash flow from operations totaled $22.6 million for the third quarter, compared to cash flow from operations of $23.8 million for the corresponding period a year ago, and cash flow from operations of $15.6 million in the second quarter of 2024. Capital expenditures for the third quarter totaled $8.4 million, compared to $7.7 million for the corresponding period a year ago and $6.1 million for the second quarter of 2024. Cash and cash equivalents as of September 30, 2024 increased 6.2% sequentially to approximately $267.6 million compared to approximately $251.9 million as of June 30, 2024.

    Backlog for the third quarter ended September 30, 2024 totaled $150.6 million, a 13.8% decrease from $174.7 million for the corresponding period a year ago, and 2.1% sequential decrease from $153.8 million at the end of the second quarter of 2024.

    Commenting on third quarter performance, Chief Executive Officer Dr. Patrizio Vinciarelli stated: “Revenues and cash flow improved in Q3 while gross margins were impacted primarily by product mix. We are close to initial deliveries of 2nd generation, high density VPD systems for leading AI applications with current multipliers achieving superior density, bandwidth and signal integrity. Vicor’s VPD will enable AI processors setting new standards for compute performance and power system efficiency.”

    “We are off to a good start asserting our Intellectual Property against unscrupulous actors playing a game of “catch me if you can”. As indicated in a recent Initial Determination from the International Trade Commission (“ITC”), contract manufacturers may be precluded from importing computing systems using infringing modules. Redesigned modules, or discrete alternatives, may still infringe and OEMs condoning infringement are taking chances with their supply chain. Leaders in Artificial Intelligence licensing Vicor IP are wisely securing a resilient supply chain of enabling power system solutions.”

    For more information on Vicor and its products, please visit the Company’s website at http://www.vicorpower.com.

    Earnings Conference Call

    Vicor will be holding its investor conference call today, Tuesday, October 22, 2024 at 5:00 p.m. Eastern Time. Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 5:00 p.m. on October 22, 2024. For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor’s website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software. For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor’s website.

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “assumes,” “may,” “will,” “would,” “should,” “continue,” “prospective,” “project,” and other similar expressions identify forward-looking statements. Forward-looking statements also include statements regarding bookings, shipments, revenue, profitability, targeted markets, increase in manufacturing capacity and utilization thereof, future products and capital resources. These statements are based upon management’s current expectations and estimates as to the prospective events and circumstances that may or may not be within the company’s control and as to which there can be no assurance. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors, including those economic, business, operational and financial considerations set forth in Vicor’s Annual Report on Form 10-K for the year ended December 31, 2023, under Part I, Item I — “Business,” under Part I, Item 1A — “Risk Factors,” under Part I, Item 3 — “Legal Proceedings,” and under Part II, Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The risk factors set forth in the Annual Report on Form 10-K may not be exhaustive. Therefore, the information contained in the Annual Report on Form 10-K should be read together with other reports and documents filed with the Securities and Exchange Commission from time to time, including Forms 10-Q, 8-K and 10-K, which may supplement, modify, supersede or update those risk factors. Vicor does not undertake any obligation to update any forward-looking statements as a result of future events or developments.

    Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.

    For further information contact:

    James F. Schmidt, Chief Financial Officer
    Office: (978) 470-2900
    Email: invrel@vicorpower.com

                   
    VICOR CORPORATION
                   
    CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS      
    (Thousands except for per share amounts)
                   
      QUARTER ENDED   YEAR ENDED
      (Unaudited)   (Unaudited)
                   
      SEPT 30,   SEPT 30,   SEPT 30,   SEPT 30,
      2024   2023
    		   2024   2023
                   
                   
    Net revenues $93,166     $107,844     $262,892     $312,407  
    Cost of revenues   47,422       51,966       129,254       154,822  
    Gross margin   45,744       55,878       133,638       157,585  
                   
    Operating expenses:              
    Selling, general and administrative   23,398       22,422       72,715       63,020  
    Research and development   16,960       17,752       51,938       50,556  
    Litigation-contingency expense   –       –       19,500       –  
    Total operating expenses   40,358       40,174       144,153       113,576  
                   
    Income (loss) from operations   5,386       15,704       (10,515 )     44,009  
                   
    Other income (expense), net   3,713       1,917       9,244       5,643  
                   
    Income (loss) before income taxes   9,099       17,621       (1,271 )     49,652  
                   
    Less: (Benefit) provision for income taxes   (2,455 )     1,038       2,832       4,716  
                   
    Consolidated net income (loss)   11,554       16,583       (4,103 )     44,936  
                   
    Less: Net income attributable to noncontrolling interest   2       1       14       9  
                   
    Net income (loss) attributable to Vicor Corporation $11,552     $16,582     ($4,117 )   $44,927  
                   
                   
    Net income (loss) per share attributable to Vicor Corporation:              
    Basic $0.26     $0.37     ($0.09 )   $1.01  
    Diluted $0.26     $0.37     ($0.09 )   $1.00  
                   
    Shares outstanding:              
    Basic   45,117       44,433       44,829       44,275  
    Diluted   45,174       45,187       44,829       45,000  
                   
    VICOR CORPORATION
           
    CONDENSED CONSOLIDATED BALANCE SHEET
    (Thousands)
           
      SEPT 30,   DEC 31,
      2024   2023
      (Unaudited)   (Unaudited)
    Assets      
           
    Current assets:      
    Cash and cash equivalents $ 267,605     $ 242,219  
    Accounts receivable, net   58,525       52,631  
    Inventories   105,761       106,579  
    Other current assets   18,933       18,937  
    Total current assets   450,824       420,366  
           
    Long-term deferred tax assets   288       296  
    Long-term investment, net   2,640       2,530  
    Property, plant and equipment, net   158,779       157,689  
    Other assets   20,231       14,006  
           
    Total assets $ 632,762     $ 594,887  
           
    Liabilities and Equity      
           
    Current liabilities:      
    Accounts payable $ 15,724     $ 12,100  
    Accrued compensation and benefits   12,449       11,227  
    Accrued expenses   6,429       5,093  
    Accrued litigation   26,550       6,500  
    Sales allowances   2,640       3,482  
    Short-term lease liabilities   1,739       1,864  
    Income taxes payable   642       746  
    Short-term deferred revenue and customer prepayments   4,198       3,157  
           
    Total current liabilities   70,371       44,169  
           
    Long-term deferred revenue   –       1,020  
    Long-term income taxes payable   1,916       2,228  
    Long-term lease liabilities   5,605       6,364  
    Total liabilities   77,892       53,781  
           
    Equity:      
    Vicor Corporation stockholders’ equity:      
    Capital stock   402,687       384,395  
    Retained earnings   292,557       296,674  
    Accumulated other comprehensive loss   (1,198 )     (1,273 ) 
    Treasury stock   (139,424 )      (138,927 ) 
    Total Vicor Corporation stockholders’ equity   554,622       540,869  
    Noncontrolling interest   248       237  
    Total equity   554,870       541,106  
           
    Total liabilities and equity $ 632,762     $ 594,887  
           

    The MIL Network –

  • MIL-OSI: Eos Energy Enterprises Announces Date for Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced it will release its third quarter 2024 financial results after the U.S. market closes on November 5, 2024. A conference call to discuss its results will take place the following morning on November 6 at 8:30 a.m. Eastern Time.

    Registration Information

    A live webcast of the earnings call will be available on the “Investor Relations” page of the Company’s website at https://investors.eose.com or may be accessed using this link (registration link). To avoid delays, we encourage participants to join the conference call fifteen minutes ahead of the scheduled start time.

    The conference call replay will be available via webcast through Eos’ investor relations website for twelve months following the live presentation. The webcast replay will be available from 11:30 a.m. ET on November 6, 2024, and can be accessed by visiting https://investors.eose.com/events-and-presentations.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to clean energy with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Contacts        
    Investors:            ir@eose.com
    Media:                 media@eose.com

    The MIL Network –

  • MIL-OSI: Baker Hughes Declares Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on Nov. 14, 2024, to holders of record on Nov. 4, 2024.

    In line with our stated goal to responsibly grow the dividend over time, the dividend reflects a 5% increase, or $0.01, compared to the same quarter last year.

    Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations.

    About Baker Hughes:
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Investor Relations

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    Media Relations

    Adrienne M. Lynch
    +1 713-906-8407
    adrienne.lynch@bakerhughes.com

    The MIL Network –

  • MIL-OSI: TRYX Announces Exclusive Partnership with Pro Gamers Group for EU Market

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, Oct. 20, 2024 (GLOBE NEWSWIRE) — We are thrilled to announce that TRYX has entered into a strategic partnership with Pro Gamers Group, making them the exclusive distributor of TRYX products across Europe. Through Pro Gamers Group’s extensive distribution network, including Caseking Germany, Caseking France, Caseking Hungary, Caseking Netherlands, Caseking Iberia, Caseking UK, Overclockers UK, Globaldata, Trigono, and Jimm’s, our products will now be more accessible than ever before.

    Why Pro Gamers Group?

    Pro Gamers Group has established itself as a leader in the European technology market, known for its strong in retail and distribution of high-performance hardware. With their commitment to quality, customer service, and expertise in system integration, they are the perfect partner for TRYX. This collaboration allows us to deliver on our promise of premium products to a broad audience of gamers, content creators, and PC enthusiasts, all while ensuring quick delivery times, and localized services.

    What This Means for Our Customers

    Customers throughout the European region can now purchase TRYX products exclusively through Pro Gamers Group’s entities, benefiting from faster shipping, local support, and direct access to the latest TRYX product releases. Whether you’re a gamer, a creator, or simply passionate about high-performance systems, TRYX gear is now closer to you than ever before.

    About TRYX

    TRYX was established in 2023 by a dedicated group of tech and gaming PC enthusiasts who firmly believe that, in the era of AI, imagination and creativity remain irreplaceable traits of human expression. TRYX is on a mission to empower individuals with more possibilities, enabling gamers to shape their own distinct identities.

    Contact: Lucius Liu, Global PR – TRYX Technology Inc.
    Email: lucius_liu@tryxzone.com
    Phone: +86 16607554477

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/01c3fa1c-fe95-4b45-9ef4-5ec45b495b91

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2c6c3c16-6d27-49ae-87b5-6a9038b72d02

    https://www.globenewswire.com/NewsRoom/AttachmentNg/22603bfd-045f-4012-ac61-cf2763e50927

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4f812999-594f-4c6a-be79-5431d3dbb1ea

    The MIL Network –

  • MIL-OSI: Grab to Announce Third Quarter 2024 Results on November 12, 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 12, 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: Eclipse Zenoh 1.0.0 Debuts, Redefining Connectivity for Robotics and Automotive

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS, Oct. 21, 2024 (GLOBE NEWSWIRE) — The Eclipse Foundation, a leading open source foundation, today announced the release of Eclipse Zenoh 1.0.0, a breakthrough open source protocol that seamlessly integrates communication, storage, and computation in embedded systems and across cloud platforms. This milestone release builds on years of development and real-world deployment experience, delivering new features tailored for developers and engineers in robotics, automotive, and broader edge and IoT sectors.

    “Eclipse Zenoh has proven to be a valuable protocol for innovative robotics and automotive applications, and with this release, we expect that trajectory to accelerate,” said Mike Milinkovich, executive director of the Eclipse Foundation. “Its unique blend of abstraction, scalability, and high performance make it ideal for complex, real-time applications like advanced robotics.”

    Eclipse Zenoh, which has been in use for several years, unifies data in motion, data at rest, and computations. The 1.0.0 release represents a significant evolution, incorporating insights from industrial deployments to deliver a mature, production-ready solution.

    “The Eclipse Zenoh 1.0.0 release represents a carefully considered step forward,” said Angelo Corsaro, CEO & CTO of ZettaScale, the creator of the Zenoh project. “We’ve taken the time to learn from real-world implementations, refining Zenoh to meet the complex needs of modern network communication. This release offers developers an efficient, scalable toolset that streamlines development and communication across critical technology stacks.”

    Key enhancements in Eclipse Zenoh 1.0.0 include shared memory and zero-copy support, advanced end-to-end protection, high-performance access control, and specific extensions for robotics and automotive protocols. As the 1.0.0 release, the update also introduces backward compatibility and enables long-term support.

    Eclipse Zenoh has gained significant adoption across industries such as manufacturing, transportation, medical, and industrial automation. To see a list of industry adopters, visit https://zenoh.io/adopters/  

    Eclipse Zenoh has also been recognised by the Robot Operating System (ROS) community as the leading protocol for robotics, further validating its capabilities in robotics applications.

    Eclipse Zenoh 1.0.0 is now available for download at https://github.com/eclipse-zenoh/zenoh/releases

    About the Eclipse Foundation
    The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and edge applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 385 members. Visit us at this year’s Open Community Experience (OCX) conference on 22-24 October 2024 in Mainz, Germany. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.

    Third-party trademarks mentioned are the property of their respective owners.

    Media contacts:
    Schwartz Public Relations (Germany)
    Gloria Huppert/Marita Bäumer
    Sendlinger Straße 42A
    80331 Munich
    EclipseFoundation@schwartzpr.de
    +49 (89) 211 871 -70/ -62

    514 Media Ltd (France, Italy, Spain)
    Benoit Simoneau
    benoit@514-media.com
    M: +44 (0) 7891 920 370

    Nichols Communications (Global Press Contact)
    Jay Nichols
    jay@nicholscomm.com
    +1 408-772-1551

    The MIL Network –

  • MIL-OSI: Tower Semiconductor Announces Third Quarter 2024 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel – October 21, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2024 earnings release on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its third-quarter 2024 financial results and fourth-quarter 2024 guidance on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).

    The call will be webcast and available through the Investor Relations section of Tower Semiconductor’s website at https://ir.towersemi.com/, where the pre-registration form required for dial-in participation is also accessible. Upon completing the registration, participants will receive the dial-in details, a unique PIN, and a confirmation email with all necessary information. The teleconference will be available for replay for 90 days.

    About Tower Semiconductor         
    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns two facilities in Israel (150mm and 200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy, with ST as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: http://www.towersemi.com.

    ###
    Contact Information:
    Tower Semiconductor Investor Relations                        
    Noit Levy, SVP Investor Relations                
    noitle@towersemi.com | +972-74-7377556                 

    Attachment

    The MIL Network –

  • MIL-OSI: Form 8.3 – [KEYWORDS STUDIOS PLC – 18 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 KEYWORDS STUDIOS PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 18 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,345,039 1.6701    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,345,039 1.6701    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 1,000 2438.04p
    1p ORDINARY SALE 300 2440.1743p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

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

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 18 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ECKOH PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 18 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 10p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 20,624,891 7.0982    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 20,624,891 7.0982    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ORDINARY SALE 17,450 43.0755p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

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

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 18 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 18 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,058,448 1.2697    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,058,448 1.2697    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 12,500 92.908p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

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

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 21 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Federal Home Loan Bank of Atlanta Announces 2024 Director Election Results

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2024 director election. The Bank conducted an election to fill the member directorships for North Carolina and Virginia, an independent directorship and a public interest independent directorship. Each director-elect will serve a four-year term commencing on January 1, 2025, and ending December 31, 2028.

    Suzanne DeFerie was elected to fill the member directorship representing the state of North Carolina and Scott Harvard was elected to fill the member directorship designated for the state of Virginia. Rodney Hood was elected to fill the independent directorship and Susan Dewey was elected to fill the public interest independent directorship. 

    “We are excited to welcome Rodney Hood to the board as an independent director and know his experience will greatly benefit the board and our members,” said FHLBank Atlanta chair of the board of directors, Thornwell Dunlap. “We are also pleased to have directors DeFerie, Harvard and Dewey return to the board and continue representing members across our district and their communities.”

    Ms. DeFerie has served on the FHLBank Atlanta board of directors since 2015, including four years as Finance Committee Chair and one year as Audit Committee Chair. Director DeFerie currently serves as Vice Chair of the board of directors and Executive Committee. She is currently a member of the board of First Bank, a subsidiary of First Bancorp in Southern Pines, North Carolina (NASDAQ-FBNC). She was previously president and chief executive officer of Asheville Savings Bank, S.S.B. in Asheville, North Carolina and its holding company, ASB Bancorp, Inc., when the bank and holding company were acquired by First Bancorp. Prior to becoming president and chief executive officer of Asheville Savings Bank and ASB Bancorp, Inc., Ms. DeFerie was the bank’s executive vice president and chief financial officer for 16 years. She is active in the Asheville community, currently serving as Vice Chair of the Community Betterment Foundation of the Asheville Chamber of Commerce, Chair of the Asheville Merchants’ Fund and member of the Board of ANC Healthcare, as well as past board chair of the Asheville Chamber of Commerce and United Way of Asheville and Buncombe County. 

    Mr. Harvard has served on the FHLBank Atlanta board since 2017, where he served as Chair of the Governance and Compensation Committee in 2022 and currently serves as Chair of the Enterprise Risk Management Committee (2023 –2024). He was a director for FHLBank Atlanta from 2003 to 2012, serving as chairman from 2007-2012. He has served as president, chief executive officer, and director of First National Corporation (NASDAQ – FXNC) since 2011. He was president, chief executive officer, and director of First Bank, an independent Virginia community bank, from 2011 to 2015 and chief executive officer and director of First Bank since 2015. He was previously on the board of the Virginia Association of Community Banks, is a past chairman of the Virginia Bankers Association (VBA) and has served on the Council of Federal Home Loan Banks.

    Ms. Dewey is the former chief executive officer of Virginia Housing and joined the FHLBank Atlanta board in January 2024. While leading Virginia Housing, a $10 billion organization devoted to helping Virginians attain affordable housing, Ms. Dewey served on FHLBank Atlanta’s Affordable Housing Advisory Council, the Fannie Mae Housing Impact Advisory Committee, and the National Association of Realtors Housing Opportunity Advisory Board. She was also the past chair of the National Council of State Housing Agencies and a founding member/chair of Housing Forward Virginia, as well as many other boards. Ms. Dewey was previously the State Treasurer of Virginia for four years, where she was responsible for all operations of the Department of Treasury and Treasury Board. She currently serves on several boards, including the Virginia Chamber of Commerce, the National Housing Conference Advisory Council, the William and Mary Real Estate Foundation, and VCDC (Virginia’s largest nonprofit investor in LIHTC properties).

    Mr. Hood is the former Chair of the Board of the National Credit Union Association (NCUA), where he was responsible for ensuring effective supervision and regulation of nearly 5,000 credit unions with assets exceeding $2 trillion. In this role he also oversaw the $16.7 billion National Credit Union Share Insurance Fund and $20 billion Central Liquidity Fund, ensuring sound financial accountability and stability. He was previously NCUA’s vice chair, focusing on enterprise risk management and comprehensive risk management strategies and the creation of the Temporary Corporate Credit Union Loan Guarantee Program, which stabilized the credit union system following the collapse of several large corporate credit unions during the Great Recession. Mr. Hood has nearly 25 years of banking within in FHLBank Atlanta’s district with GE Capital, NationsBank (now Bank of America), Wells Fargo, JPMorgan Chase, and North Carolina Mutual Insurance Company.

    Mr. Hood is also an independent director on the boards of ZEST AI, POSH AI, ModernFI, and DefenseStorm, firms focused on cybersecurity and the use of artificial intelligence and technology in the financial industry. He recently served as board chair, audit committee chair, and board member of NeighborWorks America, a nonprofit focused on affordable housing and community development.

    About FHLBank Atlanta
    FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households.

    For more information, visit our website at http://www.fhlbatl.com.

    Contact:
    Sheryl Touchton
    stouchton@fhlbatl.com
    404.888.8105

    The MIL Network –

  • MIL-OSI: Pineapple Energy Announces Two Additional Commercial Solar Installations, with Work Scheduled to Begin November 2024

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., Oct. 21, 2024 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (Nasdaq: PEGY) (“Pineapple” or the “Company”), a leading provider of sustainable solar energy and backup power to households, businesses, municipalities, and for servicing existing systems, today announced that work will soon be commencing on two new commercial contracts for solar projects on Long Island.

    The work will be performed under contract for facilities within the arts & entertainment and consumer retail sectors and is expected to begin in the fourth quarter of 2024. In terms of renewable energy production, generation across the two distinct sites is expected to yield a total of 87 kW of clean energy across a total of 176 rooftop modules.

    “Once again, the market demonstrates that there is ample demand for commercial and industrial work in the renewable energy space,” Scott Maskin, Pineapple’s Interim CEO, said. “As energy prices continue to increase, commercial, industrial, and institutional property owners see the value, savings, and energy security that solar delivers.”

    In providing this update, the Company reiterated that it remains confident that the second half of the year, notably on the commercial side of the business, will show marked improvement when compared to the first six months of 2024.

    “We’ve been saying for months that there has been an uptick on the commercial and industrial side of the business, and believe that these latest agreements validate this position,” John Mucci, SUNation’s General Manager of New York Operations, added. “These additional awards reflect the robust nature of our project pipeline and the diverse opportunities we are pursuing.”

    About Pineapple Energy
    Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services.

    Forward Looking Statements 
    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances, including the Company’s expectations regarding its ability to effect the reverse stock split and regain compliance with Nasdaq’s continued listing standards. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

    Safe Harbor Statement
    Our prospects here at Pineapple Energy Inc. are subject to uncertainties and risks. This news release (video statement) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at http://www.sec.gov.

    Contacts:
    Scott Maskin
    Interim Chief Executive Officer
    +1 (631) 823-7131
    scott.maskin@pineappleenergy.com

    Pineapple Investor Relations
    +1 (952) 996-1674
    IR@pineappleenergy.com

    The MIL Network –

  • MIL-OSI: Live Oak Ventures Participates in Financing of Synply, Inc.

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) — Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks.

    “Live Oak’s entrepreneurial environment is fertile ground for new and exciting companies like Synply to enter the fintech landscape,” said Stephanie Mann, Live Oak Bank Chief Strategy Officer. “After incubating the Synply platform at Live Oak, we are excited to see the company level the playing field for all banks to compete in the syndicated loan space.”

    Synply offers banks a simplified tool to centralize the entire process of syndicated lending and portfolio management.

    “We built Synply because we saw a critical need for a modern and intuitive platform specifically designed for the loan syndication process,” said Corbin Penland, CEO of Synply and former managing director of loan syndications at Live Oak Bank. “Our team of experienced bankers understands the pain points associated with current tools and workflows. Synply empowers banks to focus on building relationships and growing their business, not managing cumbersome processes.”

    The Synply platform offers end-to-end efficiency by allowing all banks participating in a loan to manage the entire loan syndication process, from origination to servicing, all within one platform.

    About Live Oak Ventures
    Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NYSE: LOB), is a fintech-focused investor that aims to bring innovation and performance excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital solutions to the market, Live Oak Ventures intends to change the landscape of financial services and small business banking.

    About Synply
    Synply is a cloud-based technology company dedicated to transforming the loan syndication process for banks. Developed by experienced bankers and incubated within Live Oak Bank, a leading industry player, Synply offers a comprehensive and user-friendly platform that empowers banks to easily navigate the complexities of loan syndication.

    Contact:
    Claire Parker
    Live Oak Bank, SVP Corporate Communications
    910.597.1592
    claire.parker@liveoak.bank

    The MIL Network –

  • MIL-OSI: Real Matters to Announce Fourth Quarter and Fiscal 2024 Financial Results on November 21, 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will announce its fourth quarter and fiscal 2024 financial results via news release on Thursday, November 21, 2024, before market open.

    Conference Call and Webcast         
    A conference call to review the results will take place at 10:00 a.m. (ET) on Thursday, November 21, 2024, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Rodrigo Pinto. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.

    To access the call:

    • Participant Local (Toronto): (416) 764-8624
    • Participant Toll Free Dial-In Number: (888) 259-6580
    • Conference ID: 77493257

    To listen to the live webcast of the call:

    The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call.

    About Real Matters
    Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit http://www.realmatters.com.

    For more information:
    Lyne Beauregard
    Vice President, Investor Relations and Corporate Communications
    Real Matters
    lbeauregard@realmatters.com
    416.994.5930

    The MIL Network –

  • MIL-OSI: StepBet Partners with Bestselling Author Alison Espach for First-Ever BookWalk

    Source: GlobeNewswire (MIL-OSI)

    The event is designed to encourage participants to meet their personal wellness goals while connecting with other readers of the New York Times bestselling novel, The Wedding People.

    BOSTON, Oct. 21, 2024 (GLOBE NEWSWIRE) — StepBet, a gamified fitness app that motivates users to achieve their wellness goals through personalized walking challenges, announced a partnership with New York Times bestselling author Alison Espach. Together, they are launching StepBet’s first BookWalk, a five-week walking book club, featuring Espach’s latest bestseller, The Wedding People, starting on October 28th.

    The BookWalk will allow participants to join a StepBet game specifically designed around The Wedding People, in which users will engage in a community-driven walking challenge and participate in book discussions within the StepBet app. This initiative brings together fitness enthusiasts and book lovers, motivating them to stay active while engaging with literature.

    As more individuals lean into the physical and mental health benefits of walking, they are turning to apps like StepBet to track movement and motivate them to walk on a daily basis. StepBet’s BookWalk offers people new ways to achieve their walking goals, have fun, and connect with like minded individuals with a shared appreciation for reading.

    “This partnership with New York Times bestselling author Alison Espach for StepBet’s first-ever BookWalk blends our users’ love of walking with the joy of reading,” said Karetha Strand, CEO of Appex Group Inc, StepBet’s parent company. “It’s an important part of our commitment to continue enhancing the StepBet community experience.”

    Alison Espach, the author of The Wedding People, added, “The idea of combining movement with reading feels like the perfect way to connect with my readers. The Wedding People is a story about connection, and I can’t wait to see how our readers come together while on this walk.”

    StepBet integrates with popular fitness trackers like Apple Health and Fitbit to allow users to easily participate. The Wedding People has also been featured on the Today Show’s “Read with Jenna” list.

    About StepBet
    StepBet is a gamified fitness app that helps players achieve their fitness goals. Through personalized goals and group competitions, StepBet fosters a motivating and social environment for users to achieve their wellness objectives. Easy integration with popular trackers like Apple Health and Fitbit facilitates participation, making StepBet ideal for individuals seeking a new approach to fitness.

    Media Contact:
    Kerri Walsh
    Appex Group Inc
    kerri@joinappex.com

    The MIL Network –

  • MIL-OSI: WTW Launches Structured Auto Buffer London Excess Facility to transform fleet risk management

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) — WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, announced the launch of its new Structured Auto Buffer London Excess (StABLE) facility, providing an innovative risk financing solution through ‘Swing Plan’ structures. This new offering is an innovative dedicated structured Auto Liability solution in the marketplace that supports organizations with managing fleet risks while rewarding them for comprehensive risk management practices and favorable loss performance.

    The WTW StABLE facility enables clients to share in both the risk and reward of their fleet operations. If losses remain below a predetermined threshold, clients may receive some returned premium, with an option to commute the policy for additional returns. If losses exceed the threshold, additional premiums are capped, ensuring a balanced risk-sharing approach. The facility also offers tailored terms and conditions, including adjustments to premium structures that support cash flow, and options for policy reinstatement if limits are exhausted. Despite significant investment in fleet safety and telematic solutions, many insureds are not seeing the returns from carriers in the form of traditional limit deployment and associated reduced premiums. This new product offers customized insulation from broader portfolio pricing. With a multi-year structure, StABLE provides clients with greater budget transparency and clearly defined limits on potential losses.

    James Sallada, Head of Casualty North America at WTW, commented, “Our StABLE (Structured Auto Buffer London Excess) Facility is an innovative risk sharing solution that addresses concerns around restricted and/or increasingly expensive capacity. The facility is yet another example of WTW’s client-focused broking specialization, and it enables our team to quickly offer the broadest available terms and conditions, which can be tailored to meet specific balance sheet priorities for clients.”

    This innovative solution provides clients with a flexible and transparent approach to managing casualty risk. The facility is primarily targeted for owners, lessors, and brokers of large or heavy fleets of any vehicle type, including trucks, buses, and concrete mixers. Clients benefiting from this solution operate in a variety of sectors, such as delivery, construction, waste management, and public transport.

    Jon Drummond, Transportation and Logistics Industry Leader and Head of Broking, CRB North America, WTW, added, “As the complexity of casualty risk continues to evolve, our approach to structuring capital needs to evolve as well. This unique solution extends leverage to clients and allows them to optimize their capital spend to better control total cost of risk in an inflationary environment, particularly with respect to premium spend and loss costs.”

    About WTW

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

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

    Learn more at wtwco.com.

    Media Contacts

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

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

    The MIL Network –

  • MIL-OSI: CFC To Host Conference Call on Fiscal Year 2025 First-Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DULLES, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) — The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Friday, October 25, at 1 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2025 first-quarter financial results.

    There are two ways to access the event:

    • Conference Call Option
      Domestic: 800-289-0438 | International: 323-794-2423
      Participant Code: 1393878
      Callers also can view a PDF of the slide presentation by visiting Webcasts & Presentations page on the day of the call. It will be posted just prior to the broadcast.

    A replay of the webcast will be available on the Webcasts & Presentations page after the event. CFC’s Form 10-Q for the period ended August 31, 2024, was filed with the U.S. Securities and Exchange Commission on October 11.

    About CFC
    Created and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with more than $36 billion in assets—provides unparalleled industry expertise, flexibility and responsiveness to serve the needs of our member-owners. CFC is an equal opportunity provider. Visit us online at http://www.nrucfc.coop.

    Contact:    Heesun Choi
    Capital Markets Relations
    investorrelations@nrucfc.coop
    800-424-2954
         

    The MIL Network –

  • MIL-OSI: Bybit x Block Scholes Derivatives Report Picks up Underlying BTC Volatility Signals Despite Surge in Spot Price

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 22, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, captures the pulse of underlying currents of BTC options in its latest crypto derivatives report. The in-depth report offers a comprehensive view of BTC’s implied price volatility beneath the recent price surge in BTC spot prices on the surface. 

    The findings suggest the positive movements in BTC spot places did not translate directly to the derivatives market, and short-term volatility lurks as investors are now holding out for the U.S. election results before acting on the current bullish trends. It also showed BTC’s dominance over ETH in traders’ positioning.

    Key Insights:

    Futures movements lag behind Perps: The modest increase in futures open interest has not matched the recent notable bullish movements of BTC spot prices, and the market has yet to see the levels prior to the option expiration in late Sep.

    Perps ride the bull run: By contract, perpetual swap open interest has been on the rise reaching a new high in months. Spikes in trading activities and increased participation in perpetual contracts mirrored the optimism in the recent rally. 

    Election suspense in BTC Options Volatility: The relative stability of short-term options does not signal significant price chances for BTC in the near term, but tension tied to the uncertainty of the U.S. election could trigger movements post-result, which has shown a bigger effect on BTC volatility than the recent surge in spot prices.

    Access the Full Report:

    To read the full report in context here for a deep dive into the latest crypto derivatives trading trends and signals. 

    #Bybit / #TheCryptoArk /#BybitResearch

    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, users can visit Bybit Press 

    For media inquiries, users can contact: media@bybit.com

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

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

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

    The MIL Network –

  • MIL-OSI: Stabilization Notice – Pre Stab Webuild SpA

    Source: GlobeNewswire (MIL-OSI)

    22/10/2024

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    WEBUILD SpA

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: Webuild Spa
    Guarantor (if any): N/A
    Aggregate nominal amount: EUR 400,000,000 expected 
    Description:  
    Offer price: TBC
    Other offer terms:  
    Stabilisation:  
    Stabilisation Manager(s) Banca Akros, BNP Paribas, BOFA, Goldman Sachs, HSBC, Intesa Sanpaolo, JPM, Natixis, Unicredit
    Stabilisation period expected to start on: 31/10/24
    Stabilisation period expected to end no later than: 30/11/2024
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: OTC

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network –

  • MIL-OSI: Correction: Stabilization Notice – Pre Stab Webuild SpA

    Source: GlobeNewswire (MIL-OSI)

    22/10/2024

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    WEBUILD SpA

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: Webuild Spa
    Guarantor (if any): N/A
    Aggregate nominal amount: EUR 400,000,000 expected 
    Description:  
    Offer price: TBC
    Other offer terms:  
    Stabilisation:  
    Stabilisation Manager(s) Banca Akros, BNP Paribas, BOFA, Goldman Sachs, HSBC, Intesa Sanpaolo, JPM, Natixis, Unicredit
    Stabilisation period expected to start on: 22/10/24
    Stabilisation period expected to end no later than: 30/11/2024
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: OTC

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network –

  • MIL-OSI: Stabilization Notice – Pre Stab – ILIAD S.A

    Source: GlobeNewswire (MIL-OSI)

    22/10/2024

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    [ILIAD S.A]

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: ILIAD S.A
    Guarantor (if any): N/A
    Aggregate nominal amount: EUR 500mn
    Description: Long 5-year Inaugural Green Bond
    Offer price: TBC
    Other offer terms: N/A
    Stabilisation:  
    Stabilisation Manager(s) BNP Paribas, Societe Generale, Credit Agricole, MUFG, Natixis, SMBC
    Stabilisation period expected to start on: 22/10/2024
    Stabilisation period expected to end no later than: 28/11/2024
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: OTC

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network –

  • MIL-OSI: Recording of LHV Group’s 22 October investor webinar

    Source: GlobeNewswire (MIL-OSI)

    To give an overview of the 2024 Q3 and nine month financial results, LHV Group organised an investor meeting webinar on 22 October. An overview of the company’s progress was given by Madis Toomsalu, Chairman of the Management Board of LHV Group and Meelis Paakspuu, CFO of LHV Group.

    The live coverage was followed by 38 participants, the live feed of the presentation was broadcast over Zoom.

    Recording of the investor meeting (in Estonian) is available at: https://youtu.be/JCNtp004Z48 

    LHV Group is the largest domestic financial group and capital provider in Estonia. The LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs nearly 1,200 people. As at the end of September, LHV’s banking services are being used by 445,000 clients, the pension funds managed by LHV have 116,000 active clients, and LHV Kindlustus protects a total of 169,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Marthi Lepik
    Communication Specialist
    Phone: +372 5666 2944
    Email: marthi.lepik@lhv.ee   

    The MIL Network –

  • MIL-OSI: Everest Business Funding Named a 2024 Best and Brightest Company to Work For in the Nation

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Everest Business Funding is proud to announce its inclusion on the list of 2024 Best and Brightest Companies to Work For in the Nation. This prestigious award, bestowed by the National Association for Business Resources (NABR), honors companies that excel in innovative business practices and human resource strategies. These are companies that distinguish themselves as industry leaders.

    The Best and Brightest Companies to Work For award highlights businesses across the United States that prioritize employee engagement, workforce development, and workplace culture. The award-winners were evaluated by an independent research firm on various metrics, including compensation, benefits, employee engagement, diversity and inclusion initiatives, and community involvement.

    Everest Business Funding provides revenue-based financing to entrepreneurs and business owners. The company is committed to helping those with strong entrepreneurial spirits obtain working capital in order to accelerate growth. Everest Business Funding’s leaders understand that its team members are foundational to this mission of providing hassle-free funding to eligible parties.

    The recognition from NABR reflects the company’s commitment to fostering an inclusive work environment and high-performing workforce. Everest Business Funding’s leadership team has emphasized the importance of employee well-being and engagement as critical components of the company’s success. By implementing innovative human resources practices, the team has created an environment that promotes growth and collaboration.

    Everest Business Funding is honored to receive this national recognition. The company strives to place employees at the core of everything it does and is committed to creating a positive and supportive environment where everyone can thrive. This award is a testament to the dedication and passion of Everest Business Funding’s leadership team as well as the individual commitment of each of its employees.

    With this recognition as one of the Best and Brightest Companies to Work For, Everest Business Funding reinforces its position as an industry leader that values its employees and remains committed to creating a workplace that encourages innovation, collaboration, and professional development.

    The Best and Brightest Companies to Work For award is part of a national program conducted by NABR, which has over 25 years of experience recognizing companies with exceptional workplace standards. The winners were selected based on a comprehensive review of factors such as employee retention, work-life balance, and leadership strategies.

    NABR’s comprehensive selection process adds to the prestige of the award. Only the best of the best make it onto the annual list, and Everest Business Funding is proud to have been recognized as one of the premier organizations in the country.

    About Everest Business Funding

    Everest Business Funding provides alternative finance options and revenue-based funding to small business owners. They serve a diverse pool of businesses, from healthcare to retail, to help them obtain working capital to grow, buy inventory, launch marketing campaigns, or hire staff. Everest Business Funding’s clients are treated with respect and receive high-quality guidance and service from its professionals.

    Media Contact
    Anthony Parker
    Everest Business Funding
    888-342-5709
    Info@everestbusinessfunding.com

    The MIL Network –

  • MIL-OSI: Special Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    Following a successful period of realisations, the Board of Foresight Enterprise VCT plc is pleased to declare a special interim dividend of 7.1p per share which will be paid on 15 November 2024.

    The shares will be quoted ex-dividend on 31 October 2024, with a record date of 1 November 2024 and a payment date of 15 November 2024.

    For further information, please contact:

    Company Secretary:
     Foresight Group LLP
    Contact: Gary Fraser Tel: 0203 667 8100

    Investor Relations:
     Foresight Group LLP
    Contact: Andrew James Tel: 0203 667 8181

    The MIL Network –

  • MIL-OSI: Gilat Satellite Networks to Attend APEX/IFSA Conference to Discuss State-of the Art In-Flight Connectivity Solutions for Aviation Markets

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, Oct. 22, 2024 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today its attendance at the APEX/IFSA Global Expo in Long Beach, California, from October 28-30, 2024. Gilat is inviting participants to schedule meetings to discuss their in-flight connectivity (IFC) needs and explore how Gilat’s advanced ESA (Electronically Steered Antenna), SSPA (Solid-State Power Amplifier), KPSU (Ka/KU Power Supply Unit), and FCU (Frequency Converter Unit) solutions are transforming in-flight connectivity.

    Driving the Future of IFC with Cutting-Edge ESA Technology

    Gilat’s innovative, single LRU solution ESAs are ideal for commercial, business, and military aviation, providing robust, reliable, and seamless satellite connectivity. With the best size, weight and power in its class, these state-of-the-art solutions meet the increasing demand for high-performance IFC across the globe.

    In addition to its ESA technology, Gilat’s Wavestream subsidiary offers market-leading SSPAs (Solid-State Power Amplifiers), KPSUs (Ka/Ku-band Power Supply Units), and FCUs (Frequency Converter Units.) These components are designed to ensure optimal performance and efficiency, delivering high-speed internet services for passengers on both large commercial aircraft and private business jets.

    Meet with Us at APEX/IFSA

    Gilat invites APEX/IFSA attendees to set up meetings with its team to discuss the evolving needs of in-flight connectivity and learn more about its innovative satellite solutions. Airline and IFC service providers are encouraged to connect with Gilat to explore how its technology can enhance their in-flight connectivity offerings.

    To schedule a meeting with Gilat at the APEX/IFSA Global Expo, please contact either Timor Blau at 858-999-1036 or Raju Chandra at 909-741-0600, raju.chandra@wavestream.com.

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.

    Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas, and Israel and Hezbollah and Iran; and other factors discussed under the heading “Risk Factors” in Gilat’s most recent annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and Gilat undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer
    HagayK@gilat.com

    The MIL Network –

  • MIL-OSI: Havila Shipping ASA: Notice of Extraordinary General Meeting

    Source: GlobeNewswire (MIL-OSI)

    The Board of Directors of Havila Shipping ASA hereby gives notice of 

    Extraordinary General Meeting.

    The meeting will take place on 12 November, 2024, at 10 :00hours.

    The meeting will be held as a digital meeeting only, with no physical attendance for shareholders.

    The notice will be sent to shareholders, by post to the registered address in VPS, or through VPS.

    Contacts:

    Chief Executive Officer Njål Sævik, +47 909 35 722

    Chief Financial Officer Arne Johan Dale, +47 909 87 706

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

    Attachment

    The MIL Network –

  • MIL-OSI: ACCORINVEST – pre Stabilization Notice

    Source: GlobeNewswire (MIL-OSI)

    22/10/2024

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    ACCORINVEST GROUP S.A.

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: ACCORINVEST GROUP S.A.
    Guarantor (if any):  
    Aggregate nominal amount: EUR 500M
    Description: FXD RATE NOTE DUE 5TH NOV 2031
    Offer price: TBC
    Other offer terms:  
    Stabilisation:  
    Stabilisation Manager(s) BNP PARIBAS, BOFA, CACIB, NATIXIS, SG, COMMERZBANK, MUFG
    Stabilisation period expected to start on: 22/10/2024
    Stabilisation period expected to end no later than: 05/12/2024
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: OTC

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network –

  • MIL-OSI: Arab Petroleum Pipelines Company “SUMED” Signs Agreement with Soukhna Refinery and Petrochemical Company “SRPC”

    Source: GlobeNewswire (MIL-OSI)

    CAIRO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Mr. George Matharu, President of Elite Capital & Co. Limited “ECC” (Financial Lead Arranger of Soukhna Refinery), and His Excellency Eng. Sameh Fahmy, Chairman of Egyptian Petroleum Investments Corporation “EPI Corp.” (Founding Director and Lead Consultant of Soukhna Refinery), announced today that the Arab Petroleum Pipelines Company “SUMED” has signed a Term Sheet for handling, storing, and transferring crude oil feedstock and petroleum products with the Soukhna Refinery and Petrochemical Company “SRPC”.

    “SUMED signing the Term Sheet with Soukhna Refinery – SRPC will reduce the refinery construction cost by USD 700 Million, making the project’s capital USD 4.7 Billion, which will positively reflect on the appetite of targeted investors to enter as partners into the project, while reducing any future financing burdens and contributing to the expected financing process,” Mr. George Matharu said.

    The SUMED Pipeline (also known as the Suez-Mediterranean Pipeline) is an oil pipeline in Egypt, running from the Ain Sokhna terminal in the Gulf of Suez, the northernmost terminus of the Red Sea, to offshore Sidi Kerir port, Alexandria in the Mediterranean Sea. It provides an alternative to the Suez Canal for transporting oil from the Arabian Gulf region to the Mediterranean.

    The pipeline is owned by the Arab Petroleum Pipelines Company “SUMED”, a joint venture of Egyptian General Petroleum Corporation “EGPC” (50%, Egypt), Saudi Aramco (15%, Saudi Arabia), Mubadala Investment Company “Formerly IPIC” (15%, the United Arab Emirates), Kuwait Investment Authority “KIA” (15%, Kuwait), and QatarEnergy (5%, Qatar).

    His Excellency Eng. Sameh Fahmy, Chairman of EPI Corp (former Minister of Petroleum), added, “Soukhna Refinery and Petrochemical Company – SRPC is a promising project and will be one of the most important petroleum and petrochemical projects globally, especially since it is located in the heart of the world to serve four important markets – Europe, Asia, the Middle East, and Africa. Therefore, the project’s success is inevitable, as all companies involved in this project are currently cooperating with Elite Capital & Co. Limited to provide the necessary financing to build it.”

    SRPC’s Project is a petroleum complex consisting of an oil refinery, petrochemical technology, mini hospital, and petroleum studies institute. This project is located at the heart of the Suez Canal Economic Zone, specifically in Ain Sokhna, and it is surrounded by the continents of Asia from the east, Europe from the north, and Africa from the west.

    The refining capacity of the oil refinery is 208 thousand barrels per day, which will be relied upon in selling oil derivatives and fed by petrochemical technology, and therefore the project will be one of the world scale state of the art strategic refinery project in the world in selling oil derivatives and petrochemical products.

    “Implementation of the project will support the economy of Egypt, which witnessed remarkable development in all sectors during the era of His Excellency President Abdel Fattah El-Sisi, and which are expected to flourish in the coming period,” Eng. Sameh Fahmy said.

    Elite Capital & Co. Limited is a Financial Management company that provides project-related services including Management, Consultancy, and Funding, particularly for large infrastructure and mega commercial projects.

    Elite Capital & Co. Limited offers a wealth of experience in Banking and Financial transactions and has a range of specialized advisory services for private clients, medium and large corporations as well as governments. It is also the exclusive manager of the Government Future Financing 2030 Program®.

    Mr. George Matharu concluded his statement by saying: “We are currently working on preliminary negotiations with international sovereign entities to enter the project as major partners representing the main source of crude oil supply to the refinery. After that, we will move to the potential financing process according to the data that will be available at the time.”

    Elite Capital & Co. – Contact Details –

    Elite Capital & Co. Limited
    33 St. James Square
    London, SW1Y4JS
    United Kingdom

    Telephone: +44 (0) 203 709 5060
    SWIFT Code: ELCTGB21
    LEI Code: 254900NNN237BBHG7S26

    Website: ec.uk.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ccd23ff-3956-40af-9c99-7fa85dfd3325

    The MIL Network –

  • MIL-OSI: Bybit Card Opens up Pre-registration in New Regions Offering Sign-up Bonus

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 22, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, expands the global footprint of Bybit Card in collaboration with S1LKPAY, an international payment solution provider. Pre-registration is now open with a $10 bonus in addition to the multiple benefits of the Bybit Card for the first 1,000 applicants. 

    The go-to option for crypto spending for crypto-native users across the world, the Bybit Card has been on an expansion streak. Now spanning across markets including Argentina, Brazil, and the Netherlands, it is trusted for its robust security, excellent customer support, user-friendly and rewarding experience, and ease of access to the Mastercard network. 

    The latest development is led by Bybit Limited, the entity regulated by the Astana Financial Services Authority (AFSA), and marks the first branded card issuance by Bybit Limited (AFSA) in collaboration with S1LKPAY, a certified principal member of Mastercard’s payment network and a provider of Banking-as-a-Service (BaaS) and Card-as-a-Service (CaaS), to support the issuance and integration of in-app payment functions for the Bybit Mastercard prepaid card.

    “The past year has seen tremendous growth of the Bybit Card and we are pleased to be able to serve more regions and users from the EEA to South America, bridging their crypto wealth and their payment needs. Spending and growing your crypto has never been so easy with Bybit, and now it comes with a bonus until the official launch,” said Joan Han, Sales and Marketing Director at Bybit. 

    “We are thrilled to announce the launch of the first crypto prepaid card in the region and to partner with Bybit in offering this long-waited solution in its next chapter of card expansion. The partnership provides crypto holders with frictionless access to the Mastercard network anytime, anywhere,” said Gani Uzbekov, Founder and CEO of S1LKPAY.

    Offering a smooth experience for users with digital wealth in their portfolios, the Bybit Card is instrumental in making crypto spending and daily consumption more seamless. It also boasts clear and low fees, generous rewards with up to 10% cashback and 8% APY, and a wide array of tokens supported. The mainstreaming of crypto includes not only crypto as an investment asset class, but also retail use and merchant acceptance. Bybit is committed to refining its products to encourage the adoption of digital assets among everyday users.

    Bybit invites users to get a Bybit Card and enjoy its full benefits: Pre-register for the Bybit Card 

    #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, users can visit: Bybit Press 

    For media inquiries, users can contact: media@bybit.com

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

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

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

    About Mastercard

    Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

    Mastercard press office in Kazakhstan

    mastercard@pressclub.kz

    Contact

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

    The MIL Network –

  • MIL-OSI: Defiance Launches XMAG The First ETF Offering Exposure to the S&P 500 Excluding the “Magnificent 7” Tech Giants

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 22, 2024 (GLOBE NEWSWIRE) — Defiance, a leading innovator in exchange-traded funds (ETFs), today announces the launch of the Defiance Large Cap Ex-Magnificent Seven ETF (XMAG). The ETF will be the first of its kind, offering investors exposure to equities in the S&P 500 without the inclusion of the Magnificent Seven (“Mag 7”) (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla). XMAG offers a unique opportunity for investors to access the broader market while reducing concentration risk in these dominant tech stocks.

    Many investors that use diversified investment funds have seen their portfolios increasingly concentrated in exposure to the Mag 7, which represent large holdings across tech-, growth-, and innovation-focused strategies.

    “We have heard loud and clear from institutional investors and advisors that they’re increasingly concerned about their sizable exposure to the Mag 7,” said Sylvia Jablonski, CEO and CIO of Defiance ETFs. “Even clients who believe that the Mag 7 will continue to grow have seen their portfolios become engulfed by these companies, and they’re looking for a solution. With XMAG, we’re providing the market with the broad-based, diversified exposure that investors have always sought with the S&P 500. In offering this in an ETF, we’re making the process of screening seven companies out of an index of 500 more efficient, and we’re excited to see the market’s reception to it.”

    About The Index

    The BITA US 500 ex Magnificent 7 Index aims to provide a comprehensive and balanced representation of the U.S. equity market by including the largest 500 publicly traded securities, while specifically excluding the seven largest technology giants commonly referred to as the “Magnificent 7.”

    This approach ensures more diversified exposure, mitigating the overconcentration risks associated with the market’s most dominant funds. The index constituents are weighted based on free-float market capitalization and rebalanced quarterly. Index values are disseminated on an end-of-day basis.

    About Defiance ETFs

    Founded in 2018, Defiance is a leading ETF issuer specializing in leveraged and thematic ETFs. Our suite of first-mover products allows investors to take targeted positions on disruptive innovations.

    Contact:
    Frank Taylor / Sarah Lazarus
    Defiance@DLPR.com

    Important Disclosures

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and / or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    Tracking Error Risk. As with all index funds, the performance of the Fund and the Index may differ from each other for a variety of reasons.

    Large-Capitalization Investing. The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. Large-capitalization companies may also be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes.

    Market Events Risk. The Fund’s investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities and other financial instruments. Investment markets can be volatile and prices of investments can change substantially due to various factors.

    Passive Investment Risk. The Fund is not actively managed and does not attempt to outperform the Index or take defensive positions in declining markets. As a result, the Fund’s performance may be adversely affected by a general decline in the market segments relating to the Index.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Diversification does not ensure a profit nor protect against loss in a declining market.

    Brokerage Commissions may be charged on trades.

    The Fund holds 0% in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla.

    XMAG is distributed by Foreside Fund Services, LLC.

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/1578c4c6-57a2-4dc4-b82f-5a180fbc8052

    The MIL Network –