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Category: GlobeNewswire

  • MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – DS SMITH PLC – Ordinary Shares

    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: Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    		 DS Smith PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 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”    		 YES
    International Paper Co    		  
       
    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 (GB0008220112)  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 28,934,543 2.10 %      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 28,934,543 * 2.10 %      
    * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 537,794 shares that are included in the total above.  
       
    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 (GB0008220112) Purchase 5,290 4.7000 GBP  
    There was a Transfer In of 86,972 shares of 10p ordinary  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 15 October 2024  
    Contact name Thomas Hone  
    Telephone number +44 20 3033 3419  
       

    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: Dimensional Fund Advisors Ltd. : Form 8.3 – CENTAMIN PLC – Ordinary Shares

    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: Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    		 Centamin PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 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”    		 YES
    Anglogold Ashanti Plc    		  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: Ordinary NPV (JE00B5TT1872)  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 59,725,834 5.14 %      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 59,725,834 * 5.14 %      
    * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 41,005 shares that are included in the total above.  
       
    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  
    Ordinary NPV (JE00B5TT1872) Purchase 2,030 1.5270 GBP  
    There was a Transfer In of 132,138 shares of Ordinary NPV  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 15 October 2024  
    Contact name Thomas Hone  
    Telephone number +44 20 3033 3419  
       

    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: Global Net Lease Announces Release Date for Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of trading on the New York Stock Exchange.

    The Company will host a conference call and audio webcast on Thursday, November 7, 2024, beginning at 11:00 a.m. ET, to discuss the third quarter results and provide commentary on business performance. The results will be released before the call which will be conducted by GNL’s management team. A question-and-answer session will follow the prepared remarks.

    Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through the GNL website, http://www.globalnetlease.com, in the “Investor Relations” section. To listen to the live call, please go to the “Investor Relations” section of the Company’s website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the GNL website.

    Conference Call Details

    Live Call
    Dial-In (Toll Free): 1-877-407-0792
    International Dial-In: 1-201-689-8263

    Conference Replay*
    Domestic Dial-In (Toll Free): 1-844-512-2921
    International Dial-In: 1-412-317-6671
    Conference Replay Number: 13746750

    *Available from 2:00 p.m. ET on November 7, 2024 through February 7, 2025.

    About Global Net Lease, Inc.

    Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at http://www.globalnetlease.com.

    Important Notice

    The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,” “estimates,” “projects,” “potential,” “predicts,” “plans,” “intends,” “would,” “could,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks associated with realization of the anticipated benefits of the merger with The Necessity Retail REIT, Inc. and the internalization of the Company’s property management and advisory functions; that any potential future acquisition or disposition by the Company is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in its forward-looking statements are set forth in the Risk Factors and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Contacts:
    Investor Relations
    Email: investorrelations@globalnetlease.com
    Phone: (332) 265-2020

    The MIL Network –

  • MIL-OSI: The Eclipse Foundation Releases the 2024 Jakarta EE Developer Survey Report

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS, Oct. 15, 2024 (GLOBE NEWSWIRE) — The Eclipse Foundation, one of the world’s largest open source software foundations, today announced the availability of the 2024 Jakarta EE Developer Survey Report, the industry’s most prominent survey for technical insights into enterprise Java. The results showcase a significantly increased growth in the use of Jakarta EE and a growing interest in cloud native Java overall. The 2024 Jakarta EE Developer Survey Report can be downloaded in its entirety here.

    “The growing adoption of Jakarta EE and cloud native Java technologies shows that the enterprise Java ecosystem continues to evolve in line with modern development practices,” said Mike Milinkovich, executive director of the Eclipse Foundation. “With Jakarta EE 11 on the horizon, we are committed to delivering innovations that align with the evolving needs of the enterprise Java ecosystem.”

    Now in its seventh year, the Jakarta EE Developer Survey continues to be a vital resource for understanding developer needs, preferences, and trends within the Java ecosystem. It also offers business leaders valuable insights into the evolving landscape of cloud native enterprise Java, helping them shape their strategies. Conducted from March 19 to May 31, 2024, the survey gathered insights from 1409 participants, providing a comprehensive snapshot of the current state of enterprise Java.

    Key findings from the 2024 survey include:

    • Spring/Spring Boot remains the leading Java framework for cloud native applications, while Jakarta EE and MicroProfile have seen notable growth.
    • Jakarta EE adoption continues to rise, with 32% of respondents having migrated (up from 26% in 2023).
    • Jakarta EE 10 adoption has doubled to 34%, indicating a strong shift towards newer versions, while usage of Java EE 8 has declined from 46% to 40%.
    • Interest in aligning Jakarta EE with Java SE innovations, such as Records and Virtual Threads, has also grown (37%, up from 30% in 2023).
    • The top five priorities for the Jakarta EE community include better support for Kubernetes, microservices, adapting to Java SE innovations, support for testing improvements, and faster innovation.

    The Jakarta EE community welcomes contributions and participation from individuals and organisations alike. With the Jakarta EE Working Group hard at work on the upcoming Jakarta EE 11 release, which includes innovative cloud native features, there’s no better time to join this vibrant community and make your voice heard. Get involved and connect with the global community by visiting us here.

    For organisations that rely on enterprise Java, the Jakarta EE Working Group offers a unique opportunity to shape its future. Membership not only supports the community’s sustainability but also provides access to marketing initiatives and direct engagement with key contributors. Explore the benefits of membership here.

    Quotes from Jakarta EE Working Group Member Organizations

    IBM

    “Jakarta EE continues its drive to deliver innovation developers can use as shown by its widespread and increasing adoption,” said Ian Robinson, CTO IBM Application Runtimes. “With a combination of standard APIs and operational efficiency in our Liberty runtime and tooling, IBM is bringing complete Jakarta EE compatibility and production support, along with MicroProfile, making it ideal for cloud native applications.”

    Microsoft

    “We are glad to see the Java ecosystem continue to remain vibrant, including both Spring and Jakarta EE,” said Scott Hunter, Microsoft VP of Product, Azure Developer Experience. “We are especially proud to play a key role in the upcoming Jakarta EE 11 release alongside our partners Oracle, IBM, Red Hat, and Broadcom.”

    Oracle

    “The survey shows growing adoption of and interest in Jakarta EE and MicroProfile technologies, along with the latest Java versions, in microservices and hybrid architectures, across multiple clouds, with AI integration,” said Tom Snyder, VP of Engineering, Oracle Enterprise Cloud Native Java. “Oracle’s investments in WebLogic Server, Helidon, Coherence, Java and AI are aligned with these trends. We’re excited to be working with the community to build future generations of enterprise Java.”

    Payara

    “Payara strongly believes that Jakarta EE offers an ideal platform to support the development of future-proof, forward-looking applications, and the 2024 Jakarta EE Developer Survey Report reaffirms this vision,” said Steve Millidge, CEO and Founder at Payara Services. “The growing adoption of Jakarta EE, especially with the upcoming Jakarta EE 11 and the creation of the Jakarta EE Future Directions Interest Group, underscores its ability to evolve and meet the ever-changing demands of modern enterprise environments. Payara is committed to supporting Jakarta EE’s evolution, as we see its flexibility, standardisation, and vendor-neutrality as key enablers for developers building the cloud native, scalable, and interoperable applications of the future.”

    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 for the Eclipse Foundation, AISBL (Germany)
    Gloria Huppert/Marita Bäumer
    Sendlinger Straße 42A
    80331 Munich
    EclipseFoundation@schwartzpr.de
    +49 (89) 211 871 -70/ -62

    Nichols Communications for the Eclipse Foundation, AISBL
    Jay Nichols
    jay@nicholscomm.com
    +1 408-772-1551

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

    The MIL Network –

  • MIL-OSI: HighPeak Energy, Inc. Announces 2024 Third Quarter Earnings Release and Conference Call Dates

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (NASDAQ: HPK) (“HighPeak Energy”), today announced that it plans to release its 2024 third quarter financial and operating results after the close of trading on Monday, November 4, 2024.

    HighPeak Energy will host a conference call and webcast on Tuesday, November 5, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 third quarter financial results and operational highlights. Participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be available on HighPeak Energy’s website at http://www.highpeakenergy.com under the “Investors” section of the website.

    About HighPeak Energy, Inc.

    HighPeak Energy is a publicly traded independent oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit our website at http://www.highpeakenergy.com.

    Investor Contact:
    Ryan Hightower
    Vice President, Business Development
    817.850.9204
    rhightower@highpeakenergy.com

    Source: HighPeak Energy, Inc.

    The MIL Network –

  • MIL-OSI: UnionPay International Signs MOU with Vietnam’s NAPAS — China-Vietnam QR code interoperability speeds up

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, Oct. 15, 2024 (GLOBE NEWSWIRE) — On October 13, UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) signed a Memorandum of Understanding (MOU) in Hanoi. Both parties agree to deepen the collaboration on cross-border QR code interoperability and enable QR payments by UnionPay and Vietnamese local bank applications/e-wallets on each other’s networks, so as to enhance the experience of users from both countries. Mr. Dong Junfeng, Chairman of UnionPay International, and Mr. Nguyen Quang Hung, BOD Chairman of NAPAS, attended the signing ceremony.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Mr. Dong Junfeng said that UnionPay, as China’s important financial infrastructure and a leading global card scheme, while improving its own acceptance network, has been actively driving interoperability with payment networks in international markets to build an open and inclusive ecosystem. This partnership model has been widely implemented in ASEAN countries. The collaboration in Vietnam, as the latest achievement, will provide convenient payment services for the Chinese and Vietnamese as they travel across borders, help both countries promote the high-quality cooperation of the Belt and Road Initiative, and contribute to China’s high-standard opening up.

    On August 19, 2024, the central banks of China and Vietnam signed an MOU to further promote collaborative efforts in areas including cross-border payment interoperability. In line with this framework, UPI has been deepening collaboration with NAPAS and will open up the UnionPay network to Vietnamese wallets on a large scale. In the future, Vietnam’s local banking app and e-wallet users will be able to scan UnionPay QR for payment in China’s mainland.

    The collaboration is significant in that it enhances UnionPay’s service capability to support both inbound and outbound payments, making payments easier for Vietnamese visitors to China. In addition, it helps drive the transformation of the payment industry in Vietnam by supporting local banking apps and e-wallets to expand their use not only in domestic market but also in the partner country. Moreover, it sets an example of payment network collaboration for the neighboring countries and brings network linkages between China and ASEAN countries to a new level.

    Network interoperability is UnionPay’s innovative collaboration model for QR networks, which allows UnionPay and its international partners to quickly enable mutual acceptance on a large scale through simple integration. The model has been widely recognized by international industry stakeholders since its launch. Up to now, UnionPay’s partnerships with QR code networks in South Korea, Sri Lanka, Cambodia, Malaysia and Laos have increased the number of UnionPay QR merchants to 8 million outside China’s mainland, proving to be increasingly effective as it scales up.

    UnionPay’s acceptance network has been extended to 183 countries and regions. Outside China’s mainland, over 69 million online and physical merchants support UnionPay cards, and nearly 250 million UnionPay cards have been issued in 83 countries and regions. In Southeast Asia in particular, UnionPay has been enabled for over 90% ATMs and POS terminals, and UnionPay mobile payment is available in all ten ASEAN countries. A total of nearly 50 million cards have been issued in the region and 30+ UnionPay-powered wallets launched. In Vietnam, more than 90% of merchant POS terminals take UnionPay cards, over 60,000 merchants support QR payments, and multiple local organizations have issued UnionPay cards on a large scale and launched UnionPay-powered wallets.

    Source: UnionPay International

    The MIL Network –

  • MIL-OSI: DT Midstream to Announce Third Quarter 2024 Financial Results, Schedules Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, Oct. 15, 2024 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) plans to announce third quarter 2024 financial results before the market opens on Tuesday, October 29, 2024.

    DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 4749988. International access numbers are available here.

    The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at http://www.dtmidstream.com.

    The MIL Network –

  • MIL-OSI: Notice of Extraordinary General Meeting in Karolinska Development AB (publ)

    Source: GlobeNewswire (MIL-OSI)

    The shareholders of Karolinska Development AB (publ), reg. no. 556707-5048, (“Karolinska Development” or the “Company”) are invited to the Extraordinary General Meeting (“EGM”), on Wednesday, November 13, 2024, at 11:00 (CET), at Cirio Law Firm, Biblioteksgatan 9, in Stockholm. Registration for the EGM will commence at 10:30 (CET).

    The Board of Directors has resolved that shareholders shall have the right to exercise their voting rights in advance through postal voting pursuant to item 13 in the articles of association. Therefore, shareholders may choose to exercise their voting rights at the EGM by attending in person, by postal voting or through a proxy.

    Participation in person

    A shareholder who would like to participate at the EGM in person must:

    both be entered in the register of the shareholders maintained by Euroclear Sweden AB as per Tuesday, November 5, 2024,

    and give notice of his or her intention to participate to the Company no later than Thursday, November 7, 2024, at the address Karolinska Development, “EGM”, Nanna Svartz väg 6A, 171 65, Solna, Sweden, or by email to eva.montgomerie@karolinskadevelopment.com. When giving notice to participate, please provide name, personal identity number or company registration number, telephone number and number of represented shares.

    Participation by postal voting

    Shareholders who wish to participate in the EGM by postal voting must:

    both be registered in the register of shareholders maintained by Euroclear Sweden AB as per Tuesday, November 5, 2024,

    and notify their intention to participate by submitting their postal vote in accordance with the instructions below, so that the postal vote is received by Karolinska Development no later than Thursday, November 7, 2024.

    Shareholders may exercise their voting rights at the EGM by voting in advance through postal voting pursuant to item 13 in the articles of association, referring to Chapter 7, Section 4 a of the Swedish Companies Act.

    For advance voting, a special form must be used. Forms in Swedish and English are available for download on the Company’s website, http://www.karolinskadevelopment.com.The advance voting form is valid as notification of participation at the EGM.

    The completed advance voting form must be received by the Company no later than Thursday, November 7, 2024. The completed form shall be sent to Karolinska Development by e-mail to eva.montgomerie@karolinskadevelopment.com or by regular mail to Karolinska Development, “EGM”, Nanna Svartz väg 6A, 171 65, Solna, Sweden. The shareholder may not provide special instructions or conditions in the advance voting form. If so, the vote (i.e. the advance vote in its entirety) is invalid. Further instructions and conditions are provided in the form for advance voting.

    Those who wish to withdraw a submitted postal vote and instead exercise their voting rights by participating in the EGM in person or through a proxy must give notice thereof to the EGM’s secretariat prior to the opening of the EGM.

    Participation by proxy

    If the shareholders are represented by proxy, a written proxy must be issued and submitted to the Company at the above address well in advance of the EGM. The proxy is valid during the period set forth in the proxy, however, at most five years from the issuance. If a proxy is issued by a legal entity, a copy of the legal entity’s registration certificate or similar document evidencing signatory powers must be enclosed. Proxy forms in Swedish and English are available for download on the Company’s website, http://www.karolinskadevelopment.com.

    Nominee registered shares

    For shareholders who have their shares nominee-registered through a bank or other nominee, the following applies in order to be entitled to participate in the meeting. In addition to giving notice of participation, such shareholder must re-register its shares in its own name so that the shareholder is registered in the share register kept by Euroclear Sweden AB as of the record date Tuesday, November 5, 2024. Such re-registration may be temporary (so-called voting rights registration). Shareholders who wish to register their shares in their own names must, in accordance with the respective nominee’s routines, request that the nominee make such registration. Voting rights registration that have been requested by the shareholder at such time that the registration has been completed by the nominee no later than Thursday, November 7, 2024, will be taken into account in the preparation of the share register.

    Proposal for agenda

    1. Opening of the meeting and election of chairperson of the meeting
    2. Preparation and approval of the voting list
    3. Approval of the agenda
    4. Election of one or two persons to verify the minutes
    5. Determination of whether the meeting was duly convened
    6. Resolution on election of a new member of the Board of Directors
    7. Determination of fee to the new member of the Board of Directors
    8. Closing of the meeting

    Item 1: Election of chairperson of the meeting

    The Board of Directors proposes that the EGM resolves that Annika Andersson (lawyer at Cirio Law Firm) is appointed to chair the EGM.

    Item 6: Resolution on election of a new member of the Board of Directors

    The Company’s largest shareholder, invoX Pharma Ltd. (“invoX”), proposes that the EGM resolves to elect Will Zeng as a new director of the Board of Directors. Director Theresa Tse will resign from her position at the EGM. The current directors Hans Wigzell, Anna Lefevre Skjöldebrand, Benjamin Toogood and Philip Duong remain as directors of the Board of Directors and Hans Wigzell remains as chairperson.

    Will Zeng is born in 1993. He holds a bachelor’s degree of Economics from the Wharton School of the University of Pennsylvania. Will Zeng has previously work at Goldman Sachs and Warburg Pincus. Will Zeng´s other current assignments include Finance Director of CTTQ Pharma Group and Special Assistant to the chairperson of the board of Sino Biopharmaceutical. Will Zeng holds no shares in the Company. Will Zeng is independent in relation to the Company and its executive management but not in relation the Company´s major shareholders.

    The composition of the Board of Directors meets the independence requirement of the Swedish Corporate Governance Code.

    Item 7: Determination of fee to the new member of the Board of Directors

    At the Annual General Meeting on 16 May 2024, it was resolved that the Board of Directors, except for the chairperson, would be paid a fixed amount of SEK 200,000 to be paid out in proportion to board meetings attended. invoX proposes that board fee to the newly elected director Will Zeng should be paid the equivalent for the time until the end of the 2025 Annual General Meeting.

    Miscellaneous

    Advance voting form, proxy form and proposal for resolution in accordance with above, are available at the Company on Nanna Svartz väg 2, 171 65, Solna, Sweden and at the Company’s website, http://www.karolinskadevelopment.com, no later than three weeks before the EGM, and will be sent to shareholders who so request and provide their postal address.

    The Board of Directors and the CEO shall, if requested by any shareholder and if the Board of Directors is of the opinion that it can be done without causing material harm to the Company, provide disclosures about conditions that may impact assessment of an item of business on the agenda.

    As per the date of this notice, there are 270,077,594 shares, representing a total of 293,074,943 votes outstanding in the Company, distributed among 2,555,261 shares of series A (with 25,552,610 votes) and 267,522,333 shares of series B (with 267,522,333 votes). As per the date of this notice, the Company holds 244,285 treasury shares of series B.

    Processing of personal data

    For information on how your personal data is processed in connection to the general meeting see the privacy policy available on Euroclear Sweden AB’s website: https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf

    Solna in October 2024
    Karolinska Development AB (publ)
    The Board of Directors

    Attachment

    The MIL Network –

  • MIL-OSI: Discover the SEP (Smart Energy Pay) Listing on XT Exchange

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 13, 2024 (GLOBE NEWSWIRE) — SEP (Smart Energy Pay) is excited to announce the listing of Smart Energy Pay (SEP) on XT Exchange. The SEP/USDT trading pair will be available in the Innovation Zone, offering a new opportunity for traders to engage with a blockchain project focused on transforming the energy sector. Please find the go-live schedule below:

    • Deposit: 09:00 on October 13, 2024 (UTC)
    • Trading: 09:00 on October 14, 2024 (UTC)
    • Withdrawal: 09:00 on October 15, 2024 (UTC)

    Trading pair link: https://www.xt.com/en/trade/sep_usdt

    SEP’s listing on XT Exchange marks a significant step in bringing green energy to the forefront of the blockchain space. With this listing, SEP gains access to XT’s vast global community, enhancing its liquidity and providing exposure to a broader audience. By joining XT Exchange, SEP is poised to drive innovation in both the DeFi and renewable energy sectors, paving the way for a more sustainable future.

    Albin Warin, CEO of XT Exchange, shared his thoughts on the listing: “We are proud to welcome Smart Energy Pay to our platform. SEP’s commitment to sustainable energy and innovation resonates with our mission to support transformative projects that make a difference. We believe that the listing of SEP will provide our users with substantial value and contribute to the advancement of both the blockchain and energy sectors.”

    About XT

    Founded in 2018, XT serves more than 7.8M registered users, over 1M monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. XT crypto exchange offers a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. This includes crypto futures trading (USDT-M Futures and coin-M futures perpetual contracts) and copy trading that allows users to replicate top traders in real-time with just one click. Additionally, the futures grid allows users to automate the buying and selling of futures contracts for profits.

    Website: https://www.xt.com/

    X: https://x.com/XTexchange

    Telegram: https://t.me/XTsupport_EN

    About SEP (Smart Energy Pay)

    Smart Energy Pay is at the forefront of combining blockchain technology with renewable energy solutions. SEP leverages its own blockchain to enable secure and transparent transactions within the energy sector. A unique feature of the SEP platform is its integration with a patented 3D wind device, which allows for the efficient generation of renewable energy. By blending decentralized finance (DeFi) with green energy, SEP aims to build sustainable and accessible energy markets that cater to both consumers and businesses.

    Blockchain Explorer: https://secexplorer.io/

    Whitepaper: https://smartenergypay.com/whitepaper

    Social Links

    LinkedIn: https://www.linkedin.com/company/smartenergypay/

    Facebook: https://www.facebook.com/smartenergypay/

    Telegram: https://t.me/+BtBJIPxsn21iOGQ8

    Tiktok: https://www.tiktok.com/@smart.energy.token

    CoinMarketCap: https://coinmarketcap.com/community/profile/smartenergytoken/

    Github: https://github.com/EtherAuthority/Smart-Contracts-Library

    Press Contact

    Brand: Smart Energy Provider Ltd.

    Contact: Mr. Tahssin Asfour

    Email: marketing@smartenergypay.com

    Website: https://smartenergypay.com/

    The MIL Network –

  • MIL-OSI: Bitget Lists X Empire’s Token (X) on Pre-Market: Latest AI-Powered NFTs and Gaming on TON

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 13, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce the listing of X Empire’s X Coin (X) on its Pre-Market platform, giving users early access to this rapidly growing project. Built on the TON blockchain, X Empire is an innovative AI-powered platform that merges digital identity creation with personalized NFTs and blockchain gaming. This move further establishes Bitget as a top platform for supporting Telegram Mini-App tokens, following the success of previous listings such as DOGS, Notcoin, and Hamster Kombat.

    Originally launched as a Telegram Mini-App Game, X Empire has quickly transformed into a comprehensive AI-based ecosystem. By combining blockchain and AI technologies, X Empire enables users to create and trade personalized NFT avatars. These avatars can be used both in gaming and as valuable digital assets, opening up new revenue opportunities for users. The integration with the TON blockchain ensures seamless NFT creation and transactions, making the platform highly accessible for both Web2 and Web3 users.

    Boasting over 36 million monthly active users and 22 million subscribers on Telegram, X Empire has emerged as a leading project within the TON ecosystem. With over 7 million views per post and 100,000+ interactions, X Empire is one of the most engaged platforms in the mini-app gaming space, offering users an immersive experience that goes beyond just gaming.

    With Bitget’s pre-market listing, users have exclusive early access to X Coin, the native token of X Empire. This pre-market offering introduces a voucher system, where a single voucher represents 69,000 $X tokens. Currently, 250,000 wallet addresses hold the token, with a total transaction volume of 273,000 TON on-chain. This gives traders a significant opportunity to be among the first to access this innovative AI-powered token.

    Bitget continues to focus on supporting the TON ecosystem and Telegram-based mini-app projects. The Bitget Telegram Apps Page currently offers over 600 apps and bots for users to explore, including games, Web3 services, and play-to-earn opportunities. Through this platform, users can quickly discover new apps, engage with various gaming models, and benefit from airdrops offered by the latest projects.

    Bitget’s ongoing support for projects like X Empire reflects its commitment to expanding the TON ecosystem. According to the latest Bitget Research Report, Telegram mini-app tokens have seen rapid growth, contributing to millions in Total Value Locked (TVL) on the TON blockchain. By listing X Coin and other tokens like CATI, DOGS and HMSTR, Bitget provides its users with early access to some of the most promising projects in the space.

    Gracy Chen, CEO of Bitget, commented: “X Empire represents a new frontier in the fusion of AI, gaming, and blockchain technology. With its large, engaged community and innovative approach to personalized NFT avatars, X Empire is set to revolutionize how users experience digital identity and blockchain-based gaming. We are thrilled to offer our users early access to X Coin through our pre-market platform, giving them a head start on what promises to be a highly sought-after token in the TON ecosystem.”

    Bitget remains a leader in providing early-stage access to trending and innovative tokens, continuing to bridge the gap between centralized and decentralized finance by offering its users cutting-edge products and services.

    For more information and to explore X Coin and other exciting mini-app tokens, visit Bitget’s Pre-Market.

    About Bitget

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

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dbc07e81-5f53-4e63-b628-97579d156c46

    The MIL Network –

  • MIL-OSI: Nexif Ratch Energy Secures Financial Close for Its 145MWp Bacolod Solar Power Project in the Philippines

    Source: GlobeNewswire (MIL-OSI)

    METRO MANILA, Philippines, Oct. 14, 2024 (GLOBE NEWSWIRE) — Nexif Ratch Energy, a leading independent power producer focused on renewable energy solutions, is thrilled to announce the financial close of its 145MWp Bacolod Solar Power Project, its second solar power project in the Philippines.

    The Bacolod Solar Power Project, developed by Negros PH Solar Inc, is located across Bacolod City and Bago City in the Negros Occidental province. It is a 145 MWp ground-mounted solar photovoltaic project that will connect to NGCP’s Bacolod Substation and can potentially power to up to 52,600 households. Majority of its output will be sold through a 10-year Power Supply Agreement to a subsidiary of Aboitiz Power Corporation, with the remainder to the Wholesale Electricity Spot Market.

    The project investment of more than US$100m is funded by equity from Nexif Ratch Energy and project finance facilities from Security Bank Corporation and Philippine National Bank on a limited recourse basis, with SB Capital Investment Corporation acting as the Mandated Lead Arranger and Bookrunner and PNB Capital and Investment Corporation acting as Arranger.

    Construction is set to begin in October 2024, with the goal of achieving commercial operations by Q4 2025. Focus is now on an expansion on the existing site, through increased solar PV capacity of up to 20 MW and a Battery Energy Storage System.

    Beyond its Calabanga and Bacolod solar projects, Nexif Ratch Energy is developing wind energy projects including the San Miguel Bay Project, a nearshore wind project with a capacity of up to 500 MW and the Lucena Project, an offshore wind project with a capacity of up to 475 MW.

    Mr Surender Singh, Chairman of Nexif Ratch Energy, said “The successful financial close of our 145MWp Bacolod Solar Farm highlights the exceptional collaboration with our partners and the dedication of our local development team. We are excited to bring this project into construction. This Financial Close, in quick succession to start of commercial operations of Calabanga Solar project and rapid progress that more than 900 MW of the wind projects, showcase our commitment to Philippine renewable energy.”

    Mr. Sakarin Tangkavachiranon, Director of Nexif Ratch Energy, added: “Reaching financial close for the 145 MWp NPSI solar project is a key milestone in our growth in the Philippines. This achievement, along with the start of commercial operations for our CARE solar project, lays a strong foundation for accelerating the development of our offshore wind projects in the country.”

    For more information, please visit http://www.nexifratch.com.

    About Nexif Ratch Energy:

    Nexif Ratch Energy is a renewable energy company that originates, acquires, develops, constructs, and operates power projects in the Asia Pacific region. Headquartered in Singapore with regional offices across Southeast Asia, the Company has a 298 MW portfolio of operating and under construction hydro, solar and wind assets and a development pipeline of wind, solar, and energy storage projects totaling 3.5 GW.

    Nexif Ratch Energy is owned 51% by Nexif Energy (Singapore) and 49% by RATCH Group (Thailand).

    Media Contact:
    Chariya Poopisit
    Nexif Ratch Energy
    Communications@nexifratch.com

    The MIL Network –

  • MIL-OSI: Mavenir Innovates with Intel to Integrate AI in Mavenir’s Commercial Open RAN Software

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, India, Oct. 14, 2024 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, is working with Intel to pioneer innovative AI/ML Open RAN solutions to improve challenging cell edge problems that impact user Quality of Experience.

    Mavenir has made a significant breakthrough in Open RAN technology by collaborating with Intel to demonstrate an AI-enabled TDD 32TRX massive Multiple-Input Multiple-Output (MIMO) solution. The company has successfully integrated Intel’s RAN AI model for beam management and FlexRAN™ reference software with Mavenir’s commercial mMIMO vDU software to deliver enhanced network performance and user experience. Intel’s RAN AI model – trained on 3GPP channel model datasets – optimizes beam weights, direction, and number of layers to maximize UE throughput. The combined Mavenir and Intel solution is designed to improve performance in challenging radio environments – such as cell edges and high-rise building scenarios – and is applicable for both TDD and FDD deployments.

    Bejoy Pankajakshan, Mavenir’s Chief Technology and Strategy Officer, emphasized the significance of this technology integration, stating: “This latest collaboration between Mavenir and Intel highlights the compelling potential of AI/ML for enhancing Open RAN capabilities, promising greater network efficiency and an enhanced user experience. The integration of third-party innovative AI/ML algorithms with Mavenir’s leading-edge commercial RAN software suite opens many exciting possibilities ahead to usher in faster innovation and advance the 5G Open RAN ecosystem. Our leadership in the Open RAN industry is enabling transformative partnerships such as our collaboration with Intel, which are paving the way for unique solutions to optimize network capabilities for the benefit of operators and end-users.”

    “Intel Xeon processors’ integrated AI acceleration, combined with the Intel vRAN AI Development Kit, enables operators to run a variety of RAN AI workloads using the CPU-based equipment they already have,” said Cristina Rodriguez, Vice President and General Manager of the Comms Solutions Group at Intel. “Our collaboration and demonstration with Mavenir highlight AI’s significant potential to enrich customers’ user experience and provide mobile operators with a competitive differentiator.”

    This AI-enabled beam management solution will be demonstrated at the upcoming India Mobile Congress (#IMC2024) 15-18 October on Intel’s stand, booth no. 3.3 in Hall 3.

    *Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

    About Mavenir:

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit http://www.mavenir.com.

    Mavenir PR Contact:
    Emmanuela Spiteri
    PR@mavenir.com

    The MIL Network –

  • MIL-OSI: Q3 2024 Trading Update and Invitation to Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 14 October 2024 – DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2024 operating and interim financial results on 7 November at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). Today the Company provides an update on production, sales volumes and other key information for the quarter.

    Volumes (boepd)

    Gross operated production Q3 2024 Q2 2024 Q3 2023
    Kurdistan 84,212 79,783 25,984
    North Sea – – –
           
    Net entitlement production Q3 2024 Q2 2024 Q3 2023
    Kurdistan 17,607 17,167 9,897
    North Sea 11,236 16,321 14,288
           
    Sales Q3 2024 Q2 2024 Q3 2023
    Kurdistan 17,607 17,167 9,897
    North Sea 15,306 12,871 15,749
           
    Equity accounted production (net) Q3 2024 Q2 2024 Q3 2023
          Côte d’Ivoire         2,843 3,256 3,373

    Selected cash flow items

    DNO’s share of crude oil from the Tawke license during the quarter has been sold to local buyers as the Iraq-Türkiye Pipeline remained closed. Payments are deposited directly into DNO’s international bank accounts in advance of loadings.

    In the third quarter, DNO paid a dividend of NOK 0.3125 per share (totaling USD 29 million), which was up 25 percent from prior quarterly distributions. The Company had no tax payments or refunds during the quarter.

    The acquisition of stakes in five oil and gas fields in the Norne area in the Norwegian Sea announced in May was completed on 30 August. Net cash consideration paid by DNO was approximately USD 24 million. The transfer of DNO’s 22.6 percent interest in Ringhorne East to Vår Energi, the other element of the swap, was completed on the same date.

    Other items and information

    DNO participated in two exploration wells in the Norwegian North Sea in the quarter. The Heisenberg/Angel well in PL827SB (49 percent interest) was spudded on 18 August and completed on 16 September. The well delineated the play-opening 2023 Heisenberg oil and gas discovery and confirmed the volume estimate of 24 to 56 MMboe but the deeper Angel exploration target was found to be mainly water wet. The operated Falstaff well (50 percent interest) was spudded on 20 September and drilling was ongoing as of end of Q3 2024.

    Other drilling activities during the quarter included the B-3 well in Kurdistan at the DNO-operated Baeshiqa license (64 percent interest), which was spudded on 21 February, completed on 26 July and was ongoing a testing program as of end of Q3 2024.

    Earnings call login details

    Please visit http://www.dno.no for login details ahead of the call.

    Disclaimer

    The information contained in this release is based on a preliminary assessment of the Company’s Q3 2024 operating and interim financial results and may be subject to change.

    –

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    –

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands and Yemen.

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

    The MIL Network –

  • MIL-OSI: Unifiedpost Group announces update on Francisco Partners senior facility loan repayment plan

    Source: GlobeNewswire (MIL-OSI)

    INSIDE INFORMATION

    Unifiedpost Group announces update on Francisco Partners senior facility loan repayment plan

    La Hulpe, Belgium – 14 October 2024, 7:00 am. CET – Inside Information – Unifiedpost Group SA (Euronext Brussels: UPG) (Unifiedpost), a leading provider of integrated business communications solutions, will use the proceeds from divestments to fully repay its €100 million Francisco Partners senior facility loan.

    Key highlights:

    • On 7 March 2022 Unifiedpost entered into a Senior Facility Loan Agreement with FP Credit Partners II AIV, L.P and FP Credit Partners Phoenix II AIV, LP (Francisco Partners) for a capital amount of €100,0 million.  For more information, please see our previous press release.
    • As part of our portfolio rationalisation plans, proceeds from divestments of certain assets will be used to repay in full the outstanding amount of the Senior Facility Loan with Francisco Partners.
    • Francisco Partners confirmed it is supportive of the decision to pay down the outstanding loan (capital and interest) according to the following repayment plan:
      • Initial repayment of €100,0 million (partially capital and partially accrued interest) upon closing of the Identity business sale (anticipated by 30 December 2024, on which date related pledges to the transaction need to be released)
      • Remaining balance which is estimated to be repaid no later than 31 March 2025.  On this outstanding balance, the same interest rates remain payable unchanged as provided in the Senior Facility Loan Agreement.
    • The repayment timeline falls ahead of the initial five-year term with no prepayment penalties.
    • The Senior Facility Loan and the equity shareholding of Francisco Partners are two different commitments. Francisco Partners has provided no information to Unifiedpost whether it intends to hold or sell (in whole or in part) its equity stake. Based on the latest transparency declaration of 8 April 2024 Francisco Partners is owning 2,92% of the voting rights.
    • Unifiedpost’s balance sheet position amounted to €108,8 million (fair value of outstanding facility €86,0 million + accrued interest €22,8 million) at 30 June 2024. In the first six months of 2024, a total interest amount of €5,9 million was accrued and €1,7 million was paid in cash, which led to an incurred financial cost of €7,6 million.

    Koen De Brabander, Chief Financial Officer of Unifiedpost, stated, “During this year, we have continued to take steps towards our strategic priorities of growing core digital services, divesting non-core businesses, and strengthening the balance sheet. We successfully completed the divestment of FitekIN and ONEA and signed an agreement for the sale of 21 Grams. Additionally, we announced the sale of the Wholesale Identity Access business in the Netherlands, which presented us with a unique opportunity to crystalise the value of our business and enhance our focus on our core service offering. Furthermore, as communicated during our strategy day in April, we will be using the proceeds from divestments to reduce our net debt. We are pleased to announce that this decision is supported by Francisco Partners, as it marks an important step as we strengthen our position to execute on our strategy, whilst also deleveraging. We would like to thank Francisco Partners for their partnership and support throughout the years.”

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

    About Unifiedpost Group

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

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

    Attachment

    The MIL Network –

  • MIL-OSI: Sampo plc’s share buybacks 11 October 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 14 October 2024 at 8:30 am EEST

    Sampo plc’s share buybacks 11 October 2024

    On 11 October 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      3,250 41.00 AQEU        
      41,981 41.02 CEUX
      546 41.09 TQEX
      46,199 41.00 XHEL
    TOTAL 91,976 41.01  

    *rounded to two decimals                

    On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

    After the disclosed transactions, the company owns in total 8,500,593 Sampo A shares representing 1.55 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

    Details of each transaction are included as an appendix of this announcement.

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    The principal media
    FIN-FSA
    DEN-FSA
    http://www.sampo.com

    Attachment

    The MIL Network –

  • MIL-OSI: Mavenir’s Cloud-Native Automation Wins Network X Award for Most Innovative Cloud Product

    Source: GlobeNewswire (MIL-OSI)

    PARIS, Oct. 14, 2024 (GLOBE NEWSWIRE) — Mavenir, a pioneer in cloud-native network infrastructure, has been recognized as a global leader in telecom innovation, winning the esteemed 2024 Network X Award for Most Innovative Cloud Product. This accolade reaffirms Mavenir’s excellence in delivering cutting-edge Cloud-Native Automation solutions to mobile network operators (MNOs). Building on its momentum, Mavenir adds this award to its impressive track record, having previously received the 2023 Network X Award for Outstanding Automation Solution in Open RAN.

    The award honors the network cloud-based product that has delivered the biggest change in network performance for MNOs. The Network X Award judges evaluated Mavenir’s cloud-native 5G automation solution based on five key criteria. The judges assessed Mavenir’s solution for its level of innovation, impact of cloud technology on network performance, time and cost-efficiency of deployment, operational efficiency, and relevance and effectiveness demonstrated through real-world case studies. This recognition solidifies Mavenir’s leadership in automating cloud-native 5G network deployments, empowering MNOs to accelerate time-to-market and reduce total cost of ownership (TCO).

    Mavenir’s Cloud-Native Automation empowers MNOs to accelerate their 5G transition. The solution provides end-to-end automation and orchestration of network functions software deployment and lifecycle management, enabling faster network deployment, enhanced flexibility, and seamless scaling. Mavenir’s comprehensive automation capabilities include infrastructure automation, cloud platform automation, network functions automation, and CI/CD pipeline automation. The solution streamlines both day-1 initial deployment of cloud-native network functions (CNFs) and day-2 lifecycle management operations, including upgrades and rollbacks.

    Bejoy Pankajakshan, Chief Technology and Strategy Officer, at Mavenir, “Our solution simplifies and accelerates network and services deployment, providing a cost-effective path to 5G. By reducing time, cost, and resource requirements, our customers can quickly implement new innovations and features, staying ahead in a rapidly evolving market.”

    The Network X awards showcase the advancements and leadership across the global telecommunications industry with projects and initiatives that celebrate innovation, collaboration, and sustainability.

    Notes to the Editor:

    Cloud-Native Automation – Mavenir

    2024 Network X Award Winners

    Network X Awards 2023: Mavenir’s Cloud-Native Network Automation and Open RAN Intelligent Controller (O-RIC) Win Outstanding Automation Solution in Open RAN Award at Network X 2023 – Mavenir

    Network X Awards 2022: Mavenir Wins Outstanding CORE Network Solution and Outstanding Open RAN Solution at Network X Awards – Mavenir

    About Network X:

    Network X, taking place on 8-10 October 2024 at Paris Expo Porte de Versailles, is the only event that brings the fixed and mobile markets together to connect and build business models, frameworks and approaches to monetise B2B and consumer segments with AI and cloud-enabled fibre and 5G networks.

    Network X attracts a global audience of 5,000+ senior network infrastructure and service professionals from telcos, leading vendors, industry bodies, governments, analysts and media, including 1,500+ operators. The 2024 event will address current industry challenges and changes through five key themes: Fibre, Wi-Fi Networks and Services, Optical Transport, Mobile Networks and Mobile Services.

    About Mavenir

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit http://www.mavenir.com

    Mavenir PR Contacts:

    Emmanuela Spiteri
    PR@mavenir.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/27577da1-f134-4ab5-be3f-76c08e051304

    The MIL Network –

  • MIL-OSI: Kevin, Founder of UXUY: From Uniswap entering the public chain arena to seeing new opportunities in Telegram’s custom public chain

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Oct. 14, 2024 (GLOBE NEWSWIRE) — On the evening of October 10, Uniswap, the world’s largest decentralized cryptocurrency exchange, officially announced the launch of UniChain, a Layer 2 network built on Ethereum. Though it’s currently only live on the testnet, it has already captured significant market attention. $UNI’s price surged dramatically, increasing by 15% within 24 hours.

    While media quickly reignited the old debate of whether “UNI can be further empowered,” my focus is on the release of UniChain itself. This launch could shake up the existing public chain landscape and redefine the competitive dynamics between DApps and public chains. It’s becoming clear that public chains will evolve beyond mere transfers and transactions, paving the way for diverse application scenarios. In other words, a new cycle of multi-chain growth in the crypto ecosystem is upon us.

    The crypto ecosystem is entering a multi-chain era

    Major exchanges and projects are rolling out their own public chains to serve their specific use cases. For example, Coinbase launched Base, Binance introduced BNB Chain, OpBNB, and Greenfield, and OKX recently rolled out X Layer. In the decentralized social space, the blockchain-based platform Farcaster was built on Base, and its flagship channel, Degen, not only issued the $DEGEN token but also launched a Layer 3 solution on Base.

    Public chains are becoming more specialized and diversified, with tighter integration between chains and specific applications. The question now is: Are we entering the season of Chain Summer?

    I’m confident that we’ll soon witness the rise of countless new public chains and novel application scenarios.

    Uniswap founder Hayden Adams stated:

    Just as Uniswap is the liquidity hub of the Ethereum network, UniChain has the potential to become the DeFi hub across many chains.

    Degen stands as a great example of the fusion between social platforms and public chains. By rewarding users for high-quality content, Degen enhances platform usability, attracts new users, and generates a growth flywheel. Degen’s founder, Jacek Trociński, explained: “The creation of the Degen chain is intended to provide developers with a vibrant playground and offer users a safe space to experiment with funds. Think of it as the blockchain version of Las Vegas—not so much about gambling, but more about the excitement of exploration and entertainment.”

    Crypto developers are using the Degen chain to introduce innovative community governance models and participation mechanisms, including consumption, gaming payments, and more.

    Telegram’s growing crypto ecosystem

    With 900 million users, Telegram is rapidly becoming a new hub for the crypto world. A multitude of crypto DApps are being developed on the platform, and its vast user base has attracted the attention of major exchanges and projects.

    Diverse application scenarios, such as blockchain gaming (GameFi), Real World Assets (RWA), and decentralized finance (DeFi)—are thriving, driving a growing demand for custom public chains.

    UXUY, a decentralized multi-chain wallet built for Telegram, has officially launched its custom mainnet feature. Users can now easily create and manage over 100 EVM-compatible mainnets and testnets through the UXUY Telegram wallet, including emerging networks like DuckChain, a Layer 2 network on Ton. This allows users to seamlessly participate in airdrops and interact with DApps on new public chains, all without the need for complex operations.

    In addition, UXUY Connect will support custom mainnets, offering developers greater flexibility in building diverse DApps. This custom network and testnet support enhances the development experience, allowing comprehensive testing and smooth deployment across different environments, meeting the needs of increasingly complex crypto applications.

    UXUY is committed to actively supporting emerging public chains and new infrastructure, embracing the new era of multi-chain growth.

    About UXUY

    UXUY is a next-gen decentralized multi-chain infrastructure incubated and invested in by Binance Labs. It has already launched both APP and Bot products across iOS, Android, and the Telegram ecosystem.

    UXUY Wallet (@UXUYbot) is the first self-custody multi-chain wallet on Telegram, supporting a wide range of blockchains, including Bitcoin Lightning Network, BNB Chain, Base, TON, Arbitrum, TRON, and more. UXUY has created the first decentralized multi-chain wallet and DApp application center based on Telegram, with over 1.5 million users already onboarded. The goal of UXUY Wallet is to bring 900 million users into the multi-chain crypto ecosystem.

    The MIL Network –

  • MIL-OSI: Opdateret prospekt for Værdipapirfonden Sparinvest

    Source: GlobeNewswire (MIL-OSI)

    ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg offentliggør opdateret prospekt for Værdipapirfonden Sparinvest med tilhørende afdelinger.

    Propsketet er opdateret således, at afdelingen, INDEX Bæredygtige Virksomhedsobligationer HY KL, nu fremgår af prospektet, eftersom at afdelingen er blevet overflyttet til værdipapirfonden pr. den 14. oktober 2024. 

    Prospektet er vedhæftet denne fondsbørsmeddelelse og kan endvidere downloades på http://www.sparinvest.dk.

    Henvendelser vedrørende nærværende fondsbørsmeddelelse kan rettes til Morten Skipper på npa.fa@nykredit.dk.

    Med venlig hilsen
    Værdipapirfonden Sparinvest

    Morten Skipper
    Direktør, ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg

    Attachment

    The MIL Network –

  • MIL-OSI: Alm. Brand Tier-2 Bonds

    Source: GlobeNewswire (MIL-OSI)

    FIXING OF COUPON FROM October 14 2024

    Interest coupon for the period 14.10.2024 – 12.01.2025:

    DK0030487806, (Tier 2), maturity 2031, 3 months CIBOR +1.50%: 4.63%p.a.

    Contact

    Please direct any questions regarding this announcement to:

    Investors and equity analysts:                 

    Direktør, IR Rating og ESG Rapportering
    Mads Lerche Thinggaard
    Mobile no. +45 2025 5469
            

    Attachment

    The MIL Network –

  • MIL-OSI: Municipality Finance will redeem early notes issued under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    14 October 2024 at 11:00 am (EEST)

    Municipality Finance will redeem early notes issued under its MTN programme

    Municipality Finance Plc will exercise its right to redeem in whole its USD 150 million notes (ISIN XS2548900146) on 28 October 2024.

    The notes are admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. MuniFin has today filed an application to remove the notes from trading.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over to EUR 50 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: http://www.kuntarahoitus.fi/en

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: ALM. BRAND TIER-1 BONDS

    Source: GlobeNewswire (MIL-OSI)

    FIXING OF COUPON FROM October 14 2024

    Interest coupon for the period 14.10.2024 – 14.01.2025:

    DK0030497953, (RT1), 3 months CIBOR +3.40%: 6.53% p.a.

    Contact

    Please direct any questions regarding this announcement to:

    Investors and equity analysts:                 

    Direktør, IR Rating og ESG Rapportering
    Mads Lerche Thinggaard
    Mobile no. +45 2025 5469
            

    Attachment

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: Transactions in week 41

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 45 2024   Group Communications
    Bernstorffsgade 40
    DK-1577 København V
    Tel. +45 45 14 00 00

    14 October 2024

    Danske Bank share buy-back programme: Transactions in week 41

    On 2 February 2024, Danske Bank A/S announced a share buy-back programme for a total of DKK 5.5 billion, with a maximum of 70 million shares, in the period from 5 February 2024 to 31 January 2025, at the latest, as described in company announcement no. 2 2024.

    The programme is being carried out under Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016, also referred to as the Safe Harbour Rules.

    The following transactions were made under the share buy-back programme in week 41:

      Number
    of shares    		 VWAP
    DKK    		 Gross value
    DKK
    Accumulated, last announcement 19,623,768 202.0885 3,965,737,313
    07/10/2024 160,000 194.3999 31,103,984
    08/10/2024 110,000 196.3523 21,598,753
    09/10/2024 146,256 195.1451 28,541,142
    10/10/2024 97,607 197.3579 19,263,513
    11/10/2024 78,782 198.5271 15,640,362
    Total accumulated over week 41 592,645 195.9820 116,147,753
    Total accumulated during the share buyback programme 20,216,413 201.9095 4,081,885,067

    With the transactions stated above the total accumulated number of own shares under the share buy-back programme corresponds to 2.34% of Danske Bank A/S’ share capital.

    We enclose share buy-back transaction data in detailed form of each transaction in accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016.

    Danske Bank

    Contact: Stefan Singh Kailay, Group Press Officer, tel. +45 45 14 14 00

    Attachments

    The MIL Network –

  • MIL-OSI: Sydbank share buyback programme: transactions in week 41

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 48/2024

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk
    14 October 2024  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 41
    On 28 February 2024 Sydbank announced a share buyback programme of DKK 1,200m. The share buyback programme commenced on 4 March 2024 and will be completed by 31 January 2025.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    2,336,000

    		  

    830,116,180.00
    07 October 2024
    08 October 2024
    09 October 2024
    10 October 2024
    11 October 2024    		 17,000
    17,000
    17,000
    16,000
    16,000    		 325.14
    324.75
    323.67
    327.10
    330.06    		 5,527,380.00
    5,520,750.00
    5,502,390.00
    5,233,600.00
    5,280,960.00
    Total over week 41 83,000   27,065,080.00
    Total accumulated during the
    share buyback programme

    2,419,000

    		  

    857,181,260.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 2,418,890 own shares, equal to til 4.43% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network –

  • MIL-OSI: ThreeD Capital Inc. Issues Early Warning Report in Connection with Acquisition of Securities of Avicanna Inc.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions settling between October 1, 2024 and October 7, 2024 (the “Acquisitions”), ThreeD acquired ownership and control of an aggregate of 1,483,000 common shares of the Company (the “Subject Shares”). The Subject Shares represented approximately 1.4% of all issued and outstanding common shares of the Company. As a result of the Acquisitions, the percentage ownership held by ThreeD and Sheldon Inwentash (the “Joint Actor”) increased above 2%, on a partially diluted basis, from the last early warning report filed.

    Immediately prior to the Acquisitions, ThreeD and the Joint Actor owned and controlled an aggregate of 14,776,257 common shares, 2,241,250 common share purchase warrants of the Company, and 50,000 stock options, representing approximately 13.8% of all issued and outstanding common shares of AVCN (or approximately 15.6% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 8,707,300 common shares and 1,623,750 common share purchase warrants of the Company, representing approximately 8.1% of the issued and outstanding common shares of AVCN (or approximately 9.5% on a partially diluted basis, assuming exercise of the warrants held). The Joint Actor held an aggregate of 6,068,957 common shares, 617,500 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 5.7% of the issued and outstanding shares of AVCN (or approximately 6.3% on a partially diluted basis, assuming exercise of the warrants and options held).

    Immediately following the Acquisitions, ThreeD and the Joint Actor own and control an aggregate of 16,259,257 common shares, 2,241,250 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 15.2% of all issued and outstanding common shares of AVCN (or approximately 17.0% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 10,190,300 common shares and 1,623,750 common share purchase warrants of the Company, representing approximately 9.5% of the issued and outstanding common shares of AVCN (or approximately 10.9% on a partially diluted basis assuming the exercise of the warrants held). The Joint Actor held an aggregate of 6,068,957 common shares, 617,500 common share purchase warrants, and 50,000 stock options of the Company, representing 5.7% of the issued and outstanding common shares of AVCN (or approximately 6.3% on a partially diluted basis, assuming exercise of the warrants and options held).

    The holdings of securities of the Company by ThreeD and the Joint Actor are managed for investment purposes. ThreeD and the Joint Actor could increase or decrease its investments in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.

    The Subject Shares were acquired through the facilities of the Toronto Stock Exchange for total consideration of $571,407, or approximately $0.385 per Subject Share.

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.  ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information:
     
    Matthew Davis, CPA
    Chief Financial Officer and Corporate Secretary
    davis@threedcap.com
    Phone: 416-941-8900
     

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    The MIL Network –

  • MIL-OSI: Arbor Realty SR, Inc. Closes Offering of $100 Million of Senior Notes due 2027

    Source: GlobeNewswire (MIL-OSI)

    UNIONDALE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (the “Parent” or “Arbor”) (NYSE:ABR) announced today that its subsidiary, Arbor Realty SR, Inc. (the “Company”), has closed the private placement of $100 million aggregate principal amount of 9.00% senior notes due October 15, 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Parent.

    The Company expects that the net proceeds of this offering will be used to pay down debt and for general corporate purposes.

    Piper Sandler & Co. acted as sole placement agent for this offering.

    The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and are being offered and sold in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act. The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

    This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

    About Arbor Realty Trust, Inc.

    Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

    Safe Harbor Statement

    Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

    Contact:
    Arbor Realty Trust, Inc.
    Paul Elenio, Chief Financial Officer
    516-506-4422
    pelenio@arbor.com

    The MIL Network –

  • MIL-OSI: Guggenheim Fourth Quarter 2024 High Yield and Bank Loan Outlook: Fed Rate Cuts Are Positive for Leveraged Credit (With a Few Caveats)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Fourth Quarter 2024 High Yield and Bank Loan Outlook. Titled “Fed Rate Cuts Are Positive for Leveraged Credit (With a Few Caveats),” the report explores the outlook for high yield corporate bonds and leveraged loans as the Federal Reserve (Fed) cuts interest rates.  

    Among the highlights in the report:

    • The effects of the Fed’s inaugural interest-rate cut and anticipated future cuts have begun to materialize, but the benefit to the credit markets will vary meaningfully by sector and issuer.
    • While overall financial conditions have eased in response to rate cuts, the benefits to credit may be muted, particularly in the high yield corporate bond market, which is likely to absorb higher interest rates for several years as existing low-interest-rate debt gets refinanced.
    • In the near term, the refinancing burden for high yield issuers is manageable, with just 4 percent of the total market maturing in 2025, and 9 percent due in 2026.
    • Leveraged loan borrowers are poised to benefit more directly from the Fed’s easing cycle due to their loans’ floating-rate nature and the continued repricing of contractual spreads lower. 
    • High yield corporate bonds and leveraged loans currently offer attractive yields of 7 percent and 9 percent, respectively. We slightly favor loans, given better implied returns available to those with the expertise to differentiate across credits. 
    • As the Fed continues to ease rates, bank loan yields will decline while high yield corporate yields will likely remain largely unchanged, potentially making the value proposition more balanced.
    • For high yield bonds, the distress ratio has been a good indicator of likely defaults within the next nine–12 months. The relationship for loans is weaker.
    • While both high yield bonds and leveraged loans offer value, investors should prioritize quality, focusing on higher rated issuers and maintaining senior positions in the capital structure. In the current environment, rigorous credit selection is crucial for navigating potential risks and capitalizing on opportunities.

    For more information, please visit http://www.guggenheiminvestments.com.

    About Guggenheim Investments

    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with more than $235 billion1 in total assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 235+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    1. Guggenheim Investments Assets Under Management are as of 6.30.2024 and include leverage of $15.1bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.

    Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. During periods of declining rates, the interest rates on floating rate securities generally reset downward and their value is unlikely to rise to the same extent as comparable fixed rate securities.  High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Investors in asset-backed securities, including mortgage-backed securities and collateralized loan obligations (“CLOs”), generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly, such as credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate.

    This material is distributed or presented for informational or educational purposes only and should not be considered a recommendation of any particular security, strategy, or investment product, or as investing advice of any kind. This material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. The content contained herein is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.

    This material contains opinions of the author, but not necessarily those of Guggenheim Partners, LLC, or its subsidiaries. The opinions contained herein are subject to change without notice. Forward-looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.

    Media Contact
    Gerard Carney
    Guggenheim Partners
    310.871.9208
    Gerard.Carney@guggenheimpartners.com

    The MIL Network –

  • MIL-OSI: Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2024 Earnings Webcast

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced its quarterly dividend on common shares with respect to the third quarter of 2024.

    Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024.

    The Company will report its third quarter 2024 financial results before the market opens for trading on Tuesday, November 5, 2024 and will host a live webcast over the internet at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2024 third quarter financial results.

    Event Information
    Event: Targa Resources Corp. Third Quarter 2024 Earnings Webcast and Presentation
    Date: Tuesday, November 5, 2024
    Time: 11:00 a.m. Eastern Time
    Webcast: www.targaresources.com under “Events and Presentations” or directly at https://edge.media-server.com/mmc/p/yf8cw4hf

    Replay Information 
    A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available under Events and Presentations in the Investors section of the Company’s website prior to the start of the conference call, or directly at https://www.targaresources.com/investors/events.

    About Targa Resources Corp.

    Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.

    Targa is a FORTUNE 500 company and is included in the S&P 500.

    For more information, please visit the Company’s website at http://www.targaresources.com.

    Forward-Looking Statements

    Certain statements in this release are “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. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance and capital spending. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the impact of disruptions in the bank and capital markets, including those resulting from lack of access to liquidity for banking and financial services firms, the timing and success of business development efforts and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    Contact the Company’s investor relations department by email at
    InvestorRelations@targaresources.com or by phone at (713) 584-1133.

    Sanjay Lad
    Vice President, Finance & Investor Relations

    William Byers
    Chief Financial Officer

    Jennifer Kneale
    President – Finance and Administration

    The MIL Network –

  • MIL-OSI: LLR Partners Completes Strategic Growth Investment in TurboTenant

    Source: GlobeNewswire (MIL-OSI)

    FORT COLLINS, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) — LLR Partners today announced a strategic growth investment in TurboTenant, a leading property management solution for landlords. The capital will be used to help support the growth of the business organically and through acquisitions as it continues to redefine the landlord experience by simplifying the entire lifecycle of property management under one solution.

    More than 700,000 independent landlords across the U.S. use TurboTenant’s all-in-one online property management platform for critical processes including finding and screening tenants, rent payments, and lease agreements. The company’s freemium model allows TurboTenant to onboard hundreds of landlords per day and scale up with them through additional subscription services.

    “TurboTenant is a well-known brand with highly satisfied customers in a fast-growing, yet still largely underserved, software market,” said Cheng Li, Principal at LLR Partners. “Independent landlords are one of the last real estate markets with significant opportunity for technology adoption and optimization. We believe TurboTenant’s brand strength, leadership team, and business model have positioned the company well to continue its path to market leadership.”

    Several dynamics are affecting the real estate sector, including high interest rates, low housing affordability, low inventory, and stabilizing rent prices. These are driving many Americans to continue to rent rather than buy their first home, while others choose to rent out their former homes after moving. TurboTenant sees that many of its users shift from manual methods, like pen and paper, to its software for a more streamlined property management process.

    “It was clear to us that LLR understands the space and has developed a clear thesis that can help TurboTenant capture this market,” said Seamus Nally, CEO of TurboTenant. “We are excited to partner with the LLR team to leverage their industry knowledge and value creation capabilities to expand our platform to help meet the many needs of the 14.1 million individual landlords¹ in the U.S. as they accomplish their goals through thriving real estate businesses.”

    TurboTenant’s previous investors remain minority shareholders in the business. This is LLR’s fourth investment in real estate technology, having invested in Appspace, Mortgage Coach, and Stealth Monitoring.

    About TurboTenant
    More than 700,000 independent landlords across the U.S. enjoy TurboTenant’s all-in-one online property management solutions, including rental applications, tenant screening, rent payments, and lease agreements. Please contact press@turbotenant.com or visit turbotenant.com for more information.

    About LLR Partners
    LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $7 billion raised across seven funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at https://www.llrpartners.com/.

    Footnotes:

    1. Census Bureau, “Rental Housing Finance Survey,” 2018; Pew Research Center analysis

    Contacts:

    Emily Oakes

    LLR Partners 484-467-8517

    eoakes@llrpartners.com

    Harrison Stevens
    TurboTenant
    press@turbotenant.com

    The MIL Network –

  • MIL-OSI: Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to December 10, 2024

    Source: GlobeNewswire (MIL-OSI)

    Bakersfield, CA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its Asphalt Ridge Project in Uintah County, Utah.

    TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. We announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. On September 12, 2024, Trio announced oil production from its first well HSO 2-4.

    Initial test results at the HSO 2-4 well have since been encouraging, with mobile oil and fluids already showing a significant oil cut while dewatering occurs. The fluids are a result of an initial temperature test where water was pumped downhole which will not be done in the future.

    TPET currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. TPET has secured a two-month Option extension and now has until December 10, 2024, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. TPET has until the earlier of the successful drilling and completion of 50 new wells, or November 10, 2025, to exercise its option on the adjacent 1,920 acres.

    The Asphalt Ridge Project is known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.

    About Trio Petroleum Corp

    Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns a 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns a 2.25% working interest in 960 acres and options to acquire up to an additional 17.75% working interest in the 960 acres, and also a 20% working interest in an adjacent 1,920 acres, and a right of first refusal to participate in up to a 20% working interest in an additional approximate 30,000 acres of the Asphalt Ridge Project with other third parties.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Trio’s S-1 filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, http://www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Relations Contact:
    Redwood Empire Financial Communications
    Michael Bayes
    (404) 809 4172
    michael@redwoodefc.com

    The MIL Network –

  • MIL-OSI: TeraWulf Enters Into Long-Term Ground Lease at Lake Mariner Facility to Attract High-Quality Customers

    Source: GlobeNewswire (MIL-OSI)

    EASTON, Md., Oct. 10, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced a new, long-term ground lease agreement at Lake Mariner (“New Ground Lease”) that supports the Company’s expansion into high-performance computing (HPC) and AI data centers and positions TeraWulf to attract long-term, high-quality customers.

    The New Ground Lease with Somerset Operating Company, LLC (“Somerset”) replaces the original Lake Mariner lease, which was entered into in May 2021 and had ten years remaining. The New Ground Lease has a term of 35 years, with an option to extend for an additional 45 years, and increases the Lake Mariner land area by nearly 50%, expanding from 107 acres to 157 acres. Importantly, the New Ground Lease includes no escalation in annual lease payments on a per acre basis when compared to the original Lake Mariner lease and also grants TeraWulf exclusive access to infrastructure capacity of up to 750 MW, facilitating the Company’s future growth plans and value creation initiatives.

    The New Ground Lease was negotiated and approved by the Audit Committee of the Company’s Board of Directors (the “Committee”), which is comprised of three independent directors. The Committee consulted independent legal counsel and the Company’s financial advisor, as Somerset is owned by the Company’s Chief Executive Officer. The Committee received an opinion from the Company’s financial advisor that the consideration to be received by the Company is fair, from a financial point of view, to the Company.

    The consideration paid to Somerset’s parent company in exchange for Somerset’s termination of the original lease and entering into the New Ground Lease is comprised of 20 million shares of TeraWulf’s common stock and $12 million in cash. Under the terms of the New Lease, Somerset’s parent company will be prohibited from selling 15 million shares for 18 months and the remaining 5 million shares for 12 months. The primarily equity-based structure of the consideration further aligns the interests of TeraWulf’s Chief Executive Officer with the long-term financial and operational goals of the Company and its shareholders.

    About TeraWulf

    TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for Bitcoin mining and high-performance computing. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including nuclear and hydroelectric power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining, and/or regulation regarding safety, health, environmental and other matters, which could require significant expenditures; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) adverse geopolitical or economic conditions, including a high inflationary environment; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (10) employment workforce factors, including the loss of key employees; (11) litigation relating to TeraWulf and/or its business; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at http://www.sec.gov.

    Company Contact:
    Jason Assad
    Director of Corporate Communications
    assad@terawulf.com
    (678) 570-6791

    The MIL Network –