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Category: GlobeNewswire

  • MIL-OSI: Fibabanka launches Türkiye’s first BaaS platform in partnership with GetirFinans

    Source: GlobeNewswire (MIL-OSI)

    ISTANBUL, Sept. 24, 2024 (GLOBE NEWSWIRE) — Fibabanka, a leading player in Türkiye’s banking sector, has launched the country’s first Banking as a Service (BaaS) model through an innovative collaboration with GetirFinans, which received a total of $70 million in investment last year at a valuation of $250 million. This partnership, a significant step in Fibabanka’s broader strategy to expand its BaaS platform, provides non-banking businesses with the infrastructure to offer tailored financial services to their customers efficiently.

    The BaaS model, enabled by Fibabanka’s advanced technology, marks a new era in financial services, making it easier for businesses across industries to integrate financial solutions into their own platforms. Fibabanka is one of the few global institutions to implement this model, positioning itself as a key innovator in the Turkish market.

    A new era for financial services integration

    The partnership with GetirFinans is the first use case for Fibabanka’s BaaS model. Through the GetirFinans, integrated within the Getir, application, users can now access a range of banking services, including account management, card issuance, and payment options, directly from the app. By leveraging Fibabanka’s digital infrastructure, GetirFinans is able to offer these services without needing a banking license, while maintaining focus on its core operations.

    With more than 500 APIs powering its platform, Fibabanka’s BaaS solution enables businesses to seamlessly incorporate financial services into their operations, opening the door to cost-effective and streamlined service delivery. Non-bank organizations, from large retailers to fintech startups, can use Fibabanka’s BaaS platform to meet rising customer expectations for integrated, convenient financial solutions.

    Ömer Mert, General Manager and Member of the Board of Directors at Fibabanka, emphasized the transformative nature of this model: “As consumer expectations around financial services evolve, businesses are seeking ways to offer seamless and integrated experiences through their own platforms. Our Banking as a Service model responds directly to these demands by enabling businesses outside the banking sector to access financial infrastructure easily. The GetirFinans collaboration is just the first step, and we look forward to expanding our platform further to meet the needs of various industries and countries.”

    Expanding the reach of financial services

    Fibabanka’s BaaS model is designed to drive financial inclusion by making banking services more accessible to a wider audience. By working with partners like GetirFinans, the bank is extending its reach beyond traditional banking channels, offering innovative solutions that cater to the changing needs of consumers and businesses alike.

    Fibabanka’s BaaS platform also provides significant operational benefits to partner organizations, reducing the costs and complexity typically associated with offering financial services. By managing the backend processes that require a banking license, Fibabanka enables businesses to focus on growth and customer experience.

    A broader vision for the future

    Fibabanka’s launch of the Banking as a Service model is just the beginning of its journey. The bank has positioned itself as a leader in digital banking solutions in Türkiye and plans to expand its BaaS offerings across more industries in the near future. With its technology-driven approach and commitment to innovation, Fibabanka aims to set new standards in the financial services industry, providing solutions that benefit both businesses and their customers.

    “We are proud to be at the forefront of this shift in the banking landscape,” Mert added. “As the destination for BaaS in Türkiye, Fibabanka will continue to build on this model, offering new collaborations that meet the needs of our partners and their customers. Our mission is to redefine the boundaries of digital banking through innovation, and this is just the first of many milestones we intend to achieve.”

    About Fibabanka:

    Since its establishment in 2010, Fibabanka has been a part of the Fiba Group, positioning itself as a forward-thinking technology company offering banking services for the future. Through its investments in digital infrastructure and innovation, Fibabanka continues to transform conventional banking into an end-to-end digital experience, delivering fast, easy, and accessible solutions to its customers.

    About GetirFinans:

    Founded in partnership with Getir, GetirFinans is a technology company that achieved a valuation of $250 million while still in its establishment phase, having raised a total of $70 million in investments last year. GetirFinans will offer users a fast and advantageous banking experience as an interface provider for the service banking services provided by Fibabanka, in accordance with the Regulation on the Principles of Operation of Digital Banks and Service Model Banking, which came into effect on January 1, 2022.

    The MIL Network –

  • MIL-OSI: RATP chooses Eviden’s embedded TETRA radio services solutions to equip its metro trains and tramways

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    RATP chooses Eviden’s embedded TETRA radio services solutions

    to equip its metro trains and tramways

    InnoTrans, Berlin, Germany and Paris, France – September 24, 2024 – Eviden, the Atos Group business leading in digital, cloud, big data and security today announces it has won RATP1’s tender to equip its MP14 and new MF19 metro trains and also the TW20 tramways of the Parisian rail company with TETRA radio communication systems between the line’s Centralized Control Station and the various rolling stocks. The contract covers 132 radio equipments, with an option for 800 radio equipments over a maximum period of 8 years.

    RATP is a long-standing Eviden partner. The company has already equipped its previous metro fleet with Eviden’s TETRA embedded radio technology. This time, the customer’s biggest challenge is to modernize its transport infrastructure network and extend certain lines with new rolling stock to safely accommodate more passengers. In concrete terms, the solution will play a pivotal role in modernizing RATP’s existing embedded radio systems, ensuring their long-term viability as they increasingly demand greater computing power for voice/data and safety/security services, while requiring minimal onboard space.

    This project marks one of RATP’s final uses of this technology as the organization prepares for a significant technological overhaul of its metro fleet starting 2035. The MP14 and upcoming MF19 metro trains, as along with the TW20 tramways are being developed by Alstom, another key partner of Eviden.

    Valérie Petat, Head of Industrial Systems and Services, Mission Critical Systems, at Eviden, Atos Group said “This new collaboration further underscores RATP’s long-standing trust in Eviden’s technology and expertise in the railway sector. We are confident that this partnership will strengthen our position as a preferred partner for RATP’s future major projects.”

    The Eviden solution chosen by RATP includes the following range of embedded radio voice-data services:

    – the MAV (Audio-Visual Means) system for automatic metro lines.
    – the Radio driver Metro service for manual lines.
    – the TETRA (TErrestrial Trunk Radio) Tramway service.

    ***

    Note to editors:

    TETRA: scalable and secured mobile radio system
    The radios supplied are based on TETRA technology. TETRA is a digital trunked mobile radio standard developed to meet the needs of traditional Professional Mobile Radio (PMR) user organizations in terms of performance, availability, safety, and security. Its scalable architecture allows economic network deployments ranging from single site local area coverage to multiple site wide area national coverage.

    About Eviden2

    Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 47 countries. Bringing together 47,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.

    About Atos

    Atos is a global leader in digital transformation with c. 92,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Zohra Dali – zohra.dali.external@eviden.com – +33 (0) 6 71 92 71 87

    1 RATP: Régie Autonome des Transports Parisiens, is the French state-owned enterprise that operates public transport systems. It primarily serves the Paris metropolitan area and is responsible for the operation of most public transportation in the city.

    2 Eviden business is operated through the following brands: AppCentrica, ATHEA, Cloudamize, Cloudreach, Cryptovision, DataSentics, Edifixio, Energy4U, Engage ESM, Evidian, Forensik, IDEAL GRP, In Fidem, Ipsotek, Maven Wave, Profit4SF, SEC Consult, Visual BI, Worldgrid, X-Perion. Eviden is a registered trademark.

    Eviden is a registered trademark. © Eviden SAS, 2024.

    Attachment

    The MIL Network –

  • MIL-OSI: Chemins de Fer Luxembourgeois (CFL) chooses Eviden to deploy end-to-end next generation railway mission-critical communication systems

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Chemins de Fer Luxembourgeois (CFL) chooses Eviden to deploy end-to-end

    next generation railway mission-critical communication systems

    InnoTrans, Berlin, Germany and Paris, France, September 24, 2024 – Eviden, the Atos Group business leading in digital, cloud, big data and security today announces that Luxembourg National Railway Company (Chemins de Fer Luxembourgeois i.e. CFL), has chosen Eviden’s next generation railway critical communication solutions, to modernize its existing GSM-R command and control room network and maximize the safety and operational efficiency of its railway operations.

    The solution will be fully operational by the end of 2026. This is one of the first commercial MCx projects in Europe deployed by a railway company, and a first step towards FRCMS (Future Railway Mobile Communication System), the future international wireless standard for railway communications and applications.

    The solution chosen by CFL is based on an innovative, standardized 3GPP solution for railway enhancement. Eviden’s team of experts adapted this technology to CFL’s needs, ensuring that the MCx system interoperates with the PBX, Wi-Fi, 4G/5G MNOs and GSM-R. The solution integrates the Lifelink solution which includes the MCx application suite, cyber security, a voice recorder and a dispatching system.

    CFL carried around 28,7 million passengers in 2023 and moved 2.303 million of tons-km last year. It employs more than 5.000 people, making it the country’s largest corporate employer in Luxemburg.​

    Lionel Toullier, Global Head of Critical Communication Solutions, Eviden, Atos Group said “Eviden was chosen because we were able to offer CFL an advanced end-to-end solution that modernizes their legacy dispatching system and integrates Eviden’s innovative MCx solutions. Further system upgrades are planned in the future, in line with the latest standards to ensure continued progress in rail safety for CFL.”

    Mathieu Perrus, Infrastructure Engineering Department, Telecommunications Division, Société Nationale des Chemins de Fer Luxembourgeois, said “This project will enable us to reach a new milestone by becoming one of the first European railway companies to deploy a next-generation critical communication system (MCx). Our aim is to implement these solutions across all our national railroads, in line with evolving industry standards.”

    ***

    About Eviden1

    Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 47 countries. Bringing together 47,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.

    About Atos

    Atos is a global leader in digital transformation with 92,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Zohra Dali – zohra.dali.external@eviden.com – +33 (0) 6 71 92 71 87

    1 Eviden business is operated through the following brands: AppCentrica, ATHEA, Cloudamize, Cloudreach, Cryptovision, DataSentics, Edifixio, Energy4U, Engage ESM, Evidian, Forensik, IDEAL GRP, In Fidem, Ipsotek, Maven Wave, Profit4SF, SEC Consult, Visual BI, Worldgrid, X-Perion. Eviden is a registered trademark.

    Eviden is a registered trademark. © Eviden SAS, 2024.

    Attachment

    The MIL Network –

  • MIL-OSI: Bitget Wallet Outlines Roadmap in TOKEN2049: Simplifying Web3 for the Next Billion Users

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 24, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, presented a vision centered around bringing blockchain technology to everyday users during TOKEN2049 in Singapore. Alongside engaging with the community at the TOKEN2049 conference, Bitget Wallet actively participated in various partner events to further discussions around Web3 innovation. Alvin Kan, COO at Bitget Wallet, shared the company’s strategy to make Web3 accessible by simplifying user experiences and integrating blockchain into daily life. “The next billion Web3 users will come from seamless, user-friendly experiences that erase the lines between Web2 and Web3,” he stated. Bitget Wallet’s growth underscores this vision, with the platform recently surpassing 30 million users worldwide and becoming the most downloaded Web3 wallet app globally, according to App Store and Google Play data.

    Bridging Web2 and Web3 with Simplified Payments

    Kan outlined Bitget Wallet’s plans to break down barriers between Web2 and Web3, starting with payments. In a fireside chat titled “Defining Payment” alongside leaders from Solana Foundation, Fireblocks, and DCS Card Centre, Kan revealed Bitget Wallet’s development of a Web3 payment solution with keyless access and cross-chain functionality, aiming to make crypto payments as intuitive as traditional ones. Bitget Wallet also plans to launch a crypto-to-fiat solution, enabling users to seamlessly convert and spend crypto on daily transactions while retaining full control over their assets in a self-custodial wallet.

    Redefining Gaming in the TON Ecosystem

    At the TON Open Art panel, Kan discussed Web3 gaming’s evolution with TON Foundation and other projects, highlighting Bitget Wallet’s involvement in the TON ecosystem. He pointed to gaming projects on TON are shifting from single-game models to robust ecosystems designed for long-term user engagement. Kan emphasized that future Web3 gaming will incorporate more long-term incentive mechanisms to ensure continuous participation, moving away from short-lived promotions like airdrops. He also stressed the growing role of social elements in gaming, particularly in Telegram mini-games that leverage the platform’s vast user base. “The next wave of Web3 gaming will integrate social aspects, making games within Telegram deeply immersive,” Kan noted.

    Fueling Web3 Ecosystem Growth

    At the Morph Consumer Day panel, Kan highlighted that consumer adoption of blockchain technology is the final unlock for Web3’s mass adoption, and real-life use cases will be the focus as more Web2 institutions coming into the space. Kan highlighted that Bitget Wallet has already partnered with over 100 mainnets, including major networks like Bitcoin, Ethereum, Solana, Base, and TON. These collaborations are part of Bitget Wallet’s broader strategy to create a long-term ecosystem by offering seamless user experiences and robust reward mechanisms, driving more decentralized applications (DApps) to mainstream user. Kan said: “Our focus is on empowering our partners, creating seamless user experience and developing long-term incentive structures to keep users engaged within the Web3 ecosystem.”

    About Bitget Wallet

    Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 250,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.

    For more information, visit: Website | Twitter | Telegram | Discord

    The MIL Network –

  • MIL-OSI: Announcement of drawings (CK95) – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen

    Announcement of drawings (CK95)

    Pursuant to s 24 Danish Capital Markets Act, Nykredit Realkredit A/S hereby publishes drawings data as at 24 September 2024.

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

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

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

    Yours sincerely
    Nykredit Realkredit A/S

    Attachments

    The MIL Network –

  • MIL-OSI: Zavanna Announces Equity Investment From Carnelian Energy Capital

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Sept. 24, 2024 (GLOBE NEWSWIRE) — Denver-based Zavanna, LLC (“Zavanna”) announced that it has received an equity investment from investment funds managed by Carnelian Energy Capital Management, L.P. (“Carnelian”). The new capital will be utilized to recapitalize the company and fund development across its core Williston Basin asset base.  

    Zavanna was founded by Bill Coleman in 1994 and has been led by David Hodges (Chief Executive Officer) and Matt Ott (Chief Financial Officer) for over a decade. During that time, the company has aggregated a contiguous acreage position of more than 150 Bakken and Three Forks drilling locations. Management and Coleman maintain a significant ownership stake in the company alongside Carnelian.

    “Zavanna has one of the deepest inventories of drilling locations in the core Bakken fairway of Williams and McKenzie Counties, and these development projects are among the most economic in North America,” said Kevin Goodman, a Carnelian Managing Director. “We are excited to be partnering with the management team to accelerate development.”

    “Carnelian’s flexible and collaborative approach allowed us to quickly structure and execute a transaction that brings considerable growth capital to the company,” said Hodges.  

    “In addition to increasing development, this capital injection will position us to grow our asset base through accretive bolt-on acquisitions and trades,” Ott added.

    About Zavanna, LLC

    Zavanna is a Denver-based independent exploration and production company with assets in the Williston Basin. For more information, please visit www.zavenergy.com.

    About Carnelian Energy Capital Management, L.P.

    Carnelian Energy Capital is an energy investment firm based in Houston, Texas. With approximately $4 billion of cumulative capital commitments, Carnelian is dedicated to bringing its strategic expertise and nimble approach to partnerships with leading businesses and best-in-class management teams in the North American energy sector. For more information, please contact Carnelian at info@carnelianec.com or visit www.carnelianenergy.com.

    The MIL Network –

  • MIL-OSI: Lotus Deploys Ambarella’s Oculii™ AI 4D Imaging Radar Technology in L2+ Semi-Autonomous Systems for Eletre SUV and Emeya Hyper-GT Electric Vehicles

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced in advance of AutoSens Europe that its Oculii™ AI 4D imaging radar technology is deployed worldwide in the 2023 and 2024 Lotus Eletre electric hyper-SUV as well as the 2024 Lotus Emeya fully electric hyper-GT from Lotus Technology. The vehicles’ L2+ semi-autonomous systems that have benefited from this groundbreaking radar technology include highway and urban navigation on autopilot (NOA) and automatic emergency braking (AEB), where the ultra-long detection range of over 300 meters provides more time to safely react to vehicles and other objects while traveling at highway and racetrack speeds. These systems were developed by Lotus Robotics, a wholly owned subsidiary of Lotus, as part of its autonomous driving platform.

    Ambarella’s Oculii radar technology is providing ultra-fine angular resolution of one degree in both vehicles, using only six transmit and eight receive antennas on each of the vehicles’ two radar modules—more than double the resolution of the nearest 4D imaging radar competitor using the same number of antennas. This high angular resolution is important for clearly distinguishing, identifying and locating objects and people, both for nearby detection in crowded urban environments, as well as from a far distance when travelling at highway and racetrack speeds, to ensure timely and accurate avoidance and braking by the vehicles’ L2+ systems.

    This high resolution, in combination with a low antenna count, also provides higher value, while significantly reducing radar system power consumption and complexity; enabling the radar modules to be fitted into the desired locations on the vehicles. This combination can only be achieved using Ambarella’s Oculii AI radar algorithms, because of their unique ability to adapt radar waveforms to the environment. In fact, other 4D imaging radars require double the number of antennas to achieve the same level of performance, and in some cases, even more; leading to at least double the power consumption.

    “The performance that Lotus has achieved using our Oculii 4D imaging radar technology provides evidence for the real-world benefits of our AI innovations that adapt radar waves to the surrounding environment,” said Fermi Wang, president and CEO of Ambarella. “Building on their current models’ significant achievements with edge-processed AI 4D imaging radar, Lotus is evaluating Ambarella’s centralized radar processing architecture to realize even greater ADAS and autonomous performance.”

    By centrally processing raw 4D imaging radar data and fusing it at a deep level with the vehicle’s other sensor information, Ambarella’s AI software-defined architecture is capable of detecting objects over 500 meters away, while providing the ability to shift processing power among sensors and adapt to real-time driving conditions. This architecture also enables even higher angular resolution of 0.5 degrees, and an ultra-dense point cloud with tens of thousands of detection points per frame. Additionally, because Ambarella’s Oculii AI radar algorithms uniquely adapt radar waveforms to the environment, an order-of-magnitude fewer antennas is still utilized for centralized processing, maintaining reduced data bandwidth and power consumption compared to competing 4D imaging radar solutions.

    Test drives demonstrating Ambarella’s centralized radar processing architecture will be available during AutoSens Europe, taking place October 8-10th in Barcelona. Please contact your Ambarella representative to schedule a ride.

    For more information about Oculii AI radar technology, please contact your Ambarella representative or visit https://www.ambarella.com/products/automotive-oculii/.

    About Ambarella
    Ambarella’s products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more information, please visit www.ambarella.com.

    Ambarella Contacts

    All brand names, product names, or trademarks belong to their respective holders. Ambarella reserves the right to alter product and service offerings, specifications, and pricing at any time without notice. © 2024 Ambarella. All rights reserved.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9581fe9-3609-42e9-8b68-de3db3fceeda 

    The MIL Network –

  • MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – TI FLUID SYSTEMS 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    		 TI Fluid Systems 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    		 23 September 2024  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”    		 N/a  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 1p ordinary (GB00BYQB9V88)  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 5,863,084 1.17 %      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 5,863,084* 1.17 %      
    * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 18,853 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  
             
       
    (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 24 September 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 www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Twaao Exchange Secures U.S. MSB License, Advancing Toward Global Compliance

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) — Recently, Twaao Exchange successfully obtained the Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury. This significant compliance certification marks a key step forward for Twaao in adhering to international financial regulations, ensuring the legal operation of the platform on a global scale. By strictly following anti-money laundering (AML) and know your customer (KYC) regulations, Twaao provides users with a transparent and secure trading environment.

    Securing the MSB license is an important milestone for Twaao in its compliance operations. The MSB license is a regulatory certification for financial service institutions in the United States, aimed at preventing financial crimes and protecting consumer rights. By obtaining this certification, Twaao not only demonstrates its commitment to compliance but also lays a solid foundation for expansion in the global market.

    In the process of obtaining the MSB license, Twaao meticulously adhered to FinCEN requirements, implementing comprehensive anti-money laundering and customer identity verification measures. Through advanced technological means and stringent management processes, Twaao ensures that the identity information and transaction records of each user are properly managed and protected, preventing any form of financial crime.

    In terms of anti-money laundering, Twaao employs advanced monitoring and analysis technology to detect and identify suspicious trading activities in real-time. Through comprehensive monitoring and risk assessment of user trading behaviors, Twaao can promptly identify and prevent potential money laundering activities, ensuring the platform compliance and security. Additionally, Twaao has established a robust customer identity verification mechanism to ensure the authenticity and validity of user identity information, preventing identity theft and other deceptive activities.

    The acquisition of the MSB license is an important step in Twaao journey toward global compliant operations. In the future, Twaao will continue to strengthen its investment in compliance, continuously improving and enhancing the platform compliance management system. By collaborating with leading international compliance organizations, Twaao will introduce more advanced technologies and management experiences to provide users with safer and more reliable trading services.

    The MIL Network –

  • MIL-OSI: Equifax Canada Reports Rise in Automotive Fraud

    Source: GlobeNewswire (MIL-OSI)

    – Automotive Fraud Driven by ID Theft and Falsified Credit Applications a Significant Area of Concern for Businesses and Consumers –

    TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) — Equifax Canada reports that while application fraud is down in some areas, automotive lenders are seeing a surge in fraud. According to new data from Equifax Canada, automotive fraud is up by 54 per cent year-over-year and is largely driven by falsified credit applications and the continued prevalence in identity theft. Ontario has experienced the most significant increase in auto fraud rates, doubling since Q2 2023.

    In addition, first party fraud (fraud in which the borrower knowingly uses their own personal information to commit fraud) continues to be the most prevalent type of misrepresentation in automotive. “Automotive fraud is a significant pain point for both businesses and consumers,” said Carl Davies, Head of Fraud and Identity at Equifax Canada. “Consumers choosing to falsify their income, employment, and financial information to secure credit are a growing concern for lenders. This deceit may provide short-term financial gains for the consumer, but certainly can lead to long-term consequences such as loan denials, damaged credit, and legal ramifications.”

    Synthetic Identity Fraud
    Overall, the proportion of identity theft in credit applications continues to grow with 48.3 per cent of all fraud applications flagged as identity fraud in Q2 2024, up from 42.9 per cent in Q2 2023, according to data from Equifax Canada. While the proportion of true identity fraud remained the same at 39.4 per cent, there has been a rise in synthetic identity fraud, where criminals combine real and fake data to create new identities. The incidence of synthetic identity fraud rose from 2.8 per cent in Q2 2023 to eight per cent in Q2 2024.

    “The rise in true identity fraud along with synthetic identity fraud, underscores the need for enhanced fraud detection across digital platforms where these crimes are increasingly being perpetrated,” added Davies. “The increase in digital transactions has made it easier for fraudsters to exploit weaknesses in current fraud prevention measures.”

    Other Notable Trends:

    • Identity Fraud: Older consumers with high credit scores are increasingly being targeted. Forty per cent of third-party identity fraud cases involved victims with credit scores above 800 (which is considered excellent), and 76 per cent of these consumers had no prior delinquency on their credit files.
    • Mortgage Fraud: Across Canada, mortgage fraud rates have dropped by 16.3 per cent year-over-year. Alberta is the one exception with mortgage fraud on the rise, often involving falsified income and employment documentation.
    • Deposit Fraud: Deposit fraud, which occurs when fraudulent transactions or payments are made to recently opened accounts, has also experienced a sharp increase, growing from 27.4 per cent of first-party fraud in Q2 2023 to 41.2 per cent in Q2 2024, much of which was driven by the telco industry.

    As fraudsters adapt and refine their tactics, it’s important for businesses and consumers to stay vigilant by using ID theft protection tools that can detect fraud early through timely alerts on credit report changes. Effective fraud prevention includes verifying identities, cross-checking financial documents, and staying informed about regional fraud trends—key measures that can help mitigate the growing threat of fraud for Canadian consumers and businesses alike.

    For more information on fraud prevention, visit Equifax Canada’s website and the Canadian Anti-Fraud Centre.

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com

    The MIL Network –

  • MIL-OSI: ISDNP Enters Strategic Partnership with Vietnam’s Red River Group through MOU

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, KOREA, Sept. 24, 2024 (GLOBE NEWSWIRE) — ISDNP (https://isdnp.co.kr/), in partnership with JournalInNews, has taken a significant step towards entering the Vietnamese market by forging an alliance with a prominent local enterprise. On the 19th, the two companies jointly announced, the signing of a Memorandum of Understanding (MOU) on the 17th with Vietnam’s Red River Group to formalize their strategic collaboration.

    This agreement follows a high-level meeting on the 16th at Red River’s headquarters in Hanoi, Vietnam, between Insoo Park, the Chairman of JournalInNews, and LE CONG HOANG, Chairman of the Red River Group, during which both parties discussed the framework for a strategic partnership.

    The MOU outlines key areas of cooperation, including the introduction of ISDNP’s pedestrian signal voice guidance system in Vietnam and the promotion of JournalInNews’s JsetCoin within the Vietnamese business landscape. Both companies are poised to jointly deploy ISDNP’s pedestrian signal system nationwide, leveraging Red River Group’s extensive network and resources.

    Red River Group is a prominent, diversified conglomerate in Vietnam, with business interests spanning petroleum distribution, tourist vehicle rentals, smart parking solutions, automotive management centers, and emergency response infrastructure. Notably, its traffic rescue centers, which provide critical emergency assistance, are recognized as essential contributors to Vietnam’s transport and safety sectors.

    Through this partnership, both parties anticipate enhancing bilateral economic, social, and cultural exchanges while delivering substantive outcomes. ISDNP has committed to supplying the requisite technical expertise and information necessary for the successful deployment of the pedestrian signal voice guidance system, while Red River Group has pledged comprehensive support to ensure the project’s smooth execution.

    Additionally, JournalInNews has designated Red River Group as its strategic partner to facilitate the expansion of JsetCoin within the Vietnamese market. Both parties are exploring various collaborative avenues, including the potential establishment of a local subsidiary, aimed at fostering a synergistic partnership and ensuring the efficient exchange of essential information.

    This MOU is expected to strengthen economic ties between the two countries and serve as a catalyst for sustained growth. Both parties have committed to maintaining close cooperation to ensure the successful realization of the agreement’s objectives.

    Media contact

    Brand: ISDNP

    Contact: Media team

    Email: support@isdnp.co.kr

    Website: https://isdnp.co.kr/

    SOURCE: ISDNP

    The MIL Network –

  • MIL-OSI: Form 8.3 – [KEYWORDS STUDIOS PLC – 23 09 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 KEYWORDS STUDIOS PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 23 SEPTEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,388,169 1.7244    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,388,169 1.7244    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 1,185 2428.8002p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 24 SEPTEMBER 2024
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    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 www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Marks and Spencer PLC to present at the dbVIC – Deutsche Bank ADR Virtual Investor Conference on September 24, 2024

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Sept. 23, 2024 (GLOBE NEWSWIRE) — Marks and Spencer PLC (MKS) based in London, and focused on ‘The Beginnings of a New M&S’, today announced that Fraser Ramzan and Helen Lee will present at the dbVIC – Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on September 24. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time – both in the presentation hall as well as the organization’s “virtual trade booth.” If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

    Participation is free of charge.

    Recent Company Financial Highlights

    • Profit before tax and adjusting items of £716.4m (2022/23: £453.3m).
    • Statutory profit before tax of £672.5m (2022/23: £475.7m).
    • Food sales up 13.0%; adjusted operating profit £395.3m (2022/23: £248.0m) and margin of 4.8%.
    • Clothing & Home sales up 5.3%; adjusted operating profit £402.8m (2022/23: £323.8m) and margin of 10.3%.
    • Ocado Retail JV; share of adjusted loss £37.3m (2022/23: £29.5m).
    • International (exc. ROI) constant currency sales down 1%, adjusted operating profit £47.7m (2022/23: £67.9m).
    • Adjusted return on capital employed 14.1% (2022/23: 10.6%)

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Contacts

    Marks and Spencer PLC
    Fraser Ramzan
    Head of Investor Relations
    +44 (0) 7554 227 758
    Fraser.Ramzan@marks-and-spencer.com

    Helen Lee
    Head of Finance – Head of Investor Relations
    +44 (0) 7880 294 990
    Helen.Lee@marks-and-spencer.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com 

    The MIL Network –

  • MIL-OSI: Ageas reports on the progress of share buy-back programme

    Source: GlobeNewswire (MIL-OSI)

    Ageas reports on the progress of share buy-back programme

    Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 119,808 Ageas shares in the period from 16-09-2024 until 20-09-2024.

    Date Number of
    Shares    		 Total amount
    (EUR)    		 Average price
    (EUR)    		 Lowest price
    (EUR)    		 Highest price
    (EUR)
    16-09-2024 24,065 1,133,508 47.10 46.62 47.40
    17-09-2024 23,923 1,139,645 47.64 47.42 47.80
    18-09-2024 23,996 1,132,937 47.21 46.88 47.76
    19-09-2024 23,834 1,136,677 47.69 47.52 47.86
    20-09-2024 23,990 1,133,022 47.23 46.92 47.54
    Total 119,808 5,675,788 47.37 46.62 47.86

    Since the start of the share buy-back programme on 16 September 2024, Ageas has bought back 119,808 shares for a total amount of EUR 5,675,788. This corresponds to 0.06% of the total shares outstanding.

    The overview relating to the share buy-back programme is available on our website.

    Attachment

    The MIL Network –

  • MIL-OSI: QUADIENT: H1 2024 results: Solid 3.2% reported revenue growth and sharp improvement in profitability from Digital

    Source: GlobeNewswire (MIL-OSI)

    H1 2024 results: Solid 3.2% reported revenue growth
    and sharp improvement in profitability from Digital

    Key highlights

    • H1 2024 consolidated sales of €534 million, up +3.2% on a reported basis including the contribution of the latest acquisitions (Daylight and Frama) and up +0.8% organically(1)
    • H1 2024 subscription-related revenue up +0.7% on an organic basis, representing 72% of total revenue
    • Strong performance from North America at +2.8% organic growth in H1 2024, representing 58% of Group Sales
    • H1 2024 EBITDA of €111 million, up 2.6% organically, primarily driven by a strong increase in profitability in Digital
    • H1 2024 Group current EBIT of €61 million, up 0.3% organically
    • Net attributable income of €24 million
    • Leverage ratio excluding leasing reduced to 1.6x2
    • FY 2024 outlook confirmed
    • Launch of share buyback program for up to €30 million

    Paris, 23 September 2024

    Quadient S.A. (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, , today announces its 2024 second-quarter consolidated sales and first half results (period ended on 31 July 2024). The first-half 2024 results were approved by the Board of Directors during a meeting held on 20 September 2024.

    Geoffrey Godet, Chief Executive Officer of Quadient S.A., stated:

    “Quadient achieved a solid performance in the first half of 2024, setting a good start to the execution of our new strategic plan, ‘Elevate to 2030’, which aims at delivery €1 billion of subscription-related revenue by 2030. The various modules of our SaaS communication and financial automation platform are further recognized for their technical specificities as well as for their ease of use, reflecting our strong customer centric approach. Our highly recurring business model continues to be fueled by good results in both cross-selling and up-selling our solutions, by the strong outperformance of our Mail business as well as by a solid volume increase within our European parcel lockers open networks.

    In parallel, the profitability of our Digital business has sharply increased. Indeed, our Digital EBITDA margin gained 6 points compared to the first half of 2023, demonstrating our commitment to strengthen our investment proposition. Confident in our value-creation potential and in our capacity to achieve our short- and long-term guidance, including our 2026 leverage target, we are announcing today a share buy-back program aimed at improving the return to our shareholders. More than ever, our objective is to accelerate our existing growth trajectory and propel Quadient as the leader in intelligent automation.”

    Comments on H1 2024 performance

    Group sales came in at €534 million in H1 2024, a 3.2% increase on a reported basis, and 0.8% organic growth compared to H1 2023 in line with Quadient’s expectations. The reported growth includes a positive currency impact of €1 million and a positive scope effect of €12 million, which is related to the acquisition of Daylight in September 2023 and to the acquisition of Frama in February 2024. In Q2 2024, organic revenue growth reached 0.6% compared to Q2 2023.

    Consolidated sales and EBITDA by solution

    H1 2024 consolidated sales

    In € million H1 2024 H1 2023
    restated(a)    		 Change Organic change
    Digital 130 120 +8.3% +5.9%
    Mail 362 353 +2.5% (0.5)%
    Lockers 43 45 (4.7)% (2.5)%
    Group total 534 517 +3.2% +0.8%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 revenue from the aforementioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.

    EBITDA and EBITDA margin

      H1 2024 H1 2023 restated (a)
    In € million EBITDA EBITDA margin EBITDA EBITDA margin
    Digital 20 15.7% 11 9.3%
    Mail 94 25.8% 102 29.0%
    Lockers (3) (6.7)% (1) (3.0)%
    Group total 111 20.8% 112 21.7%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 EBITDA from the aforementioned subsidiary is not represented in the consolidated EBITDA of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.

    Digital

    In H1 2024, revenue from Digital reached €130 million, up 5.9% organically (+5.8% in Q2 2024 vs. Q2 2023) and up 8.3% on a reported basis (including the contribution from Daylight) compared to H1 2023. Importantly, growth for the Solution was still impacted by the delay in the implementation of two large contracts, announced in Q3 2023.

    At the end of H1 2024, annual recurring revenue (ARR), which is a forward-looking indicator of future subscription-related revenue, reached €221 million, up from €206 million at the end of FY 2023, representing a 15.3% organic(3)growth on an annualized basis.

    In H1 2024, subscription-related revenue recorded a strong 8.7% organic growth, now representing 82% of Digital total sales, a further increase compared to 80% in H1 2023. The share of SaaS customers stands at 83% at the end of H1 2024.

    EBITDA for Digital was €20 million for the period, representing a 15.7% EBITDA margin, up 6.4 points compared to H1 2023. Strong improvement in profitability continues, supported by the combination of subscription-related revenue growth, and platform size benefits, despite further commercial and innovation investments. The profitability is expected to continue improving in FY 2024.

    As part of the customer acquisition focus, Digital continues to experience strong commercial dynamics, supported by solid cross-selling with Mail including some large deals (notably one deal above USD1 million) in North America. Digital is benefiting from a positive start to Q3 2024 thanks to a new large deal with a US insurance company worth more than USD7 million over 5 years. Regarding the upcoming e-invoicing regulation in Europe, Quadient is now officially registered as a Partner Dematerialization Platform in France.

    As part of the customer expansion process, the onboarding of all eligible customers on the Quadient Hub is now completed. Focus continues on further increasing up-selling. New partnerships, notably with Microsoft business central, Sage200 (ERP solutions) and Stripe (payment solution), have also been signed. Lastly, the churn rate in Digital continues to decline, now standing well below 5%.

    Mail

    Mail revenue reached €362 million in H1 2024, down only 0.5% on an organic basis (-0.8% in Q2 2024 vs. Q2 2023). The reported growth stood at +2.5%, including the contribution of Frama.

    Hardware sales recorded a 4.8% organic growth in H1 2024, with strong contributions from North America, including a positive impact from decertification. The focus on investing into renewing the products offering continues to support product placements, as seen in the further increase in the share of the upgraded installed base, reaching 36.6% at the end of H1 2024 vs. 31.5% at the end of FY 2023.

    Subscription-related revenue (68% of Mail sales) recorded a limited 2.8% organic decline in H1 2024.

    EBITDA for Mail was €94 million for H1 2024. EBITDA margin reached 25.8%, down 3.2 points compared to H1 2023. The level of EBITDA margin of Mail was impacted by the higher proportion of revenue from equipment sales as well as by the dilution due to Frama acquisition, which performance is expected to improve significantly from 2025.

    Thanks to its strong customer acquisition focus, Quadient’s Mail business continues to outperform the market. The commercial performance is expected to be resilient in Q3 2024. On the acquisition side, the aim is to upgrade the installed base.

    As part of the customer expansion focus, the cross-selling remains solid, especially in the US, with several large contracts signed. Lastly, Mail benefited from the positive impact of the ongoing US mailing systems decertification.

    Lockers

    Lockers revenue reached €43 million in H1 2024, a 2.5% decrease on an organic basis (-1.8% in Q2 2024 vs Q2 2023) and a 4.7% decrease on a reported basis compared to H1 2023.

    Subscription-related revenue was up 5.3% organically in H1 2024, benefiting from the solid volumes ramp up within the UK and the French open networks, as well as the contribution of the existing installed base, supported by the higher number of carriers committed to use Quadient’s open networks. However, change in commercial agreements with Yamato in Japan in Q3 2023 leading to a greater focus on usage as opposed to a rental-based model, continues for now to weigh on the subscription-related revenue. Overall, subscription-related revenue stood at 65% of total revenue in H1 2024, up from 61% in H1 2023.

    Non-recurring revenue (license & hardware sales and professional services) were down 15.1% organically in H1 2024. Hardware sales were still impacted by slower new installations in North America.

    Quadient’s global locker installed base reached c.21,400 units at the end of H1 2024 vs. c.20,200 units at the end of FY 2023. This is reflecting an acceleration in the pace of installation of new lockers, notably in the UK, fueled by the partnerships signed by Quadient to host parcel lockers in new suitable locations.

    EBITDA for Lockers was negative at €(3) million in H1 2024. EBITDA margin stood at (6.7)%, down by 3.7 points. The decrease in EBITDA margin was mainly due to the negative impact from the change in commercial agreement with Yamato for the Japanese installed base at the start of H2 2023.

    As part of the customer acquisition focus, Quadient is accelerating the installation pace for lockers in the open networks in Europe, mostly in France and in the UK. This is supported by the additional deals signed for premium locations and conversion of existing lockers. Conversely, the trend remains slow in North America.

    As part of the customer expansion focus, volume increased strongly from both pick-up and drop-off in the open networks. The lockers business is also fueled by innovation in usage offerings, notably with new partnership with KeyNest in the United Kingdom, bringing additional volumes into the open network.

    REVIEW OF 2024 FIRST HALF-YEAR RESULTS

    Simplified P&L

    In € million H1 2024 H1 2023 restated (a) Change
    Sales 534 517 +3.2%
    Gross profit 399 387 +3.2%
    Gross margin 74.4% 74.8%  
    EBITDA 111 112 (1.1)%
    EBITDA margin 20.8% 21.7%  
    Current EBIT 61 65 (6.0)%
    Current EBIT margin 11.5% 12.6%  
    Optimization expenses and other operating income & expenses (16) (6) n/a
    EBIT 45 59 (24.4)%
    Financial income/(expense) (21) (16) +32.3%
    Income before tax 24 43 (45.4)%
    Income taxes 2 (6) n/a
    Net income of continued operations 26 37 (31.0)%
    Net income from discontinued operations (1) (0) n/a
    Net attributable income 24 36 (32.8)%
    Earnings per share 0.71 1.05 n/a
    Diluted earnings per share 0.71 1.05 n/a
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 contribution from the aforementioned subsidiary is not represented in the consolidated P&L of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.

    Gross margin stood at 74.4% in H1 2024 from 74.8% in H1 2023, due to slightly higher cost of sales and the impact of Frama integration.

    EBITDA(4) for the Group reached €111 million in H1 2024, almost flat compared to H1 2023. Organically, the EBITDA grew by 2.6%, thanks to a solid increase at Digital offsetting a weaker EBITDA performance in Mail. EBITDA margin stood at 20.8% in H1 2024, vs 21.7% in H1 2023.

    Depreciation and amortization stood at €50 million in H1 2024, compared to €47 million in H1 2023. This is mainly due to slightly higher amortization of Lockers’ capex for rent.

    Current operating income (current EBIT) reached €61 million in H1 2024 compared to €65 million in H1 2023, down 6.0% on a reported basis and up 0.3% on an organic basis. Current operating margin stood at 11.5% of sales in H1 2024 compared to 12.6% in H1 2023.

    Optimization costs and other operating expenses stood at €16 million in H1 2024, versus €6 million in H1 2023 which was impacted by the write-off of an IT project and additional office optimization in the United States and the United Kingdom.

    Consequently, EBIT reached €45 million in H1 2024, versus €59 million recorded in H1 2023.

    Net attributable income

    Net cost of debt was up year-on-year at €20 million, against €15 million in H1 2023, impacted by higher interest rates on the variable portion of the debt (one third of Quadient’s debt). The currency gains & losses and other financial items was a loss of €(1) million in H1 2024, stable vs. H1 2023. Overall, net financial result was a loss of €21 million in H1 2024 compared to a loss of €16 million in H1 2023.

    Income tax reached a €2 million profit in H1 2024, benefitting from the positive impact of internal IP transfers. It compares to an expense of €6 million in H1 2023.

    Net income from discontinued operations of the Mail Italian subsidiary amounts to €(1) million, including additional fees related to the ongoing sale process for this subsidiary.

    Net attributable income after minority interest amounted to €24 million in H1 2024 compared to €36 million in H1 2023.

    Earnings per share from continued operations came in at €0.74 in H1 2024 compared to €1.06 in H1 2023. The fully diluted earnings per share(5) was €1.05 in H1 2023.

    Earnings per share stood at €0.71 in H1 2024 compared to €1.05 in H1 2023. The fully diluted earnings per share(5) was €0.71 in H1 2024 compared to €1.05 in H1 2023. The impact of dilutive instruments is accretive, dilutive earnings per share is therefore brought into line with net earnings per share.

    Cash flow generation

    The change in working capital was a net cash outflow by €19 million in H1 2024 compared to a net cash outflow of €55 million in H1 2023, mostly reflecting a better level of cash collection and the one-off positive impact from timing differences in VAT payments.

    The leasing portfolio and other financing services stood at €591 million as of 31 July 2024, compared to €598 million as of 31 January 2024 (only down by (1.0)% on an organic basis), thanks to the solid performance of the Mail activity. While generating future subscription-related revenue, the expected increase in lease receivables resulting from the good performance in the placement of new equipment will translate into a cash outflow in H2 2024. At the end of H1 2024, the default rate of the leasing portfolio stood at around 1.2% compared to c.1.3% at the end of FY 2023.

    Interest and taxes paid increased slightly to €38 million in H1 2024 versus the amount of €35 million paid in H1 2023. The difference was mostly explained by higher interest rates in H1 2024.

    Capital expenditure reached €46 million in H1 2024, stable compared to H1 2023 reflecting an increase in capex for rent offset by the non-renewal of office leases (lower IFRS 16 capex). Capex for Digital reached €12 million in H12024, slightly up compared to €11 million in H1 2023 and was mainly focused on R&D. Capex for Mail decreased from €25 million to €22 million, due to lower IFRS 16 capex linked to less office leases renewal. Capex for Lockers increased from €10 million to €13 million to support the open network deployment in the UK and France.

    All in all, cash flow after capital expenditure was up from a negative amount of €15 million in H1 2023 to a positive amount of €3 million in H1 2024.

    Leverage and liquidity position

    Net debt stood at €726 million as of 31 July 2024, a slight increase against the €709 million of net financial debt recorded as of 31 January 2024. In June 2024, the Group extended by an additional year the maturity of its Revolving Credit Facility to 2029. In July 2024, Quadient proceeded to a partial bond buy-back for a total amount of €7 million, leaving the outstanding amount of the 2.25% bond at €260 million.

    The Group is well positioned to refinance its 2.25% bond, maturing early 2025.

    The leverage ratio (net debt/EBITDA) remained broadly stable from 3.0x(2) as of 31 July 2024 compared to 2.9x(2) as of 31 January 2024. Excluding leasing, Quadient leverage ratio improved from 1.65x(2) as of 31 January 2024 to 1.6x(2) as of 31 July 2024.

    As of 31 July 2024, the Group had a robust liquidity position of €494 million, split between €194 million in cash and a €300 million undrawn credit line, maturing in 2029.

    Shareholders’ equity stood at €1,064 million as of 31 January 2024 compared to €1,069 million as of 31 January 2024. The gearing ratio(6) stood at 68,2% as of 31 July 2024.

    MAIL ITALIAN SUBSIDIARY

    Following the reclassification of the Mail Italian Subsidiary as discontinued operations under IFRS 5 in full-year 2023, an agreement for its sale has been signed with a local mail distribution company in July 2024.

    CAPITAL ALLOCATION

    In line with Quadient’s capital allocation policy, the Company announces the launch of a share buyback program for a total consideration of up to €30 million to be executed on the market over an18-month(7) period.

    This operation aims at improving shareholders’ return. It also demonstrates Quadient’s confidence in the value creation potential of its new Elevate to 2030 strategic plan, its ability to reach its FY 2026 leverage ratio target(8) and is in line with the capital allocation policy of the Company. A press release detailing this share buyback program has been published alongside today’s H1 2024 results.

    OUTLOOK

    With H1 2024 organic growth in line with expectations, Quadient confirms its FY 2024 financial guidance of organic growth both at the revenue and current EBIT levels. H2 2024 will benefit from an easier comparison basis for both Digital and Lockers as there will no longer be any negative impact neither from the delay in implementation of the two large SaaS contracts, nor from the change in commercial agreement with Yamato, which took place at the beginning of H2 2023.

    Q2 2024 BUSINESS HIGHLIGHTS

    Approval of all resolutions by the combined Shareholders’ meeting of 14 June 2024
    On 17 June 2024, Quadient announced that its combined Annual General Meeting was held on 14 June 2024, under the chairmanship of Mr. Didier Lamouche. All submitted resolutions were ratified, with an attendance rate of 74.19% (quorum for ordinary and extraordinary resolutions).

    The Annual General Meeting approved the renewal of the three-year terms of directorship of Hélène Boulet-Supau, Geoffrey Godet, Richard Troksa. Vincent Mercier’s directorship was renewed for an 18-month term, until 31 December 2025. The Annual General Meeting also approved the co-option and approved the renewal for a three-year term of Bpifrance Investissement, represented by Emmanuel Blot.

    Quadient expands its Open Locker Network in new high traffic locations in Japan, leveraging existing JR East Smart Logistics Lockers
    On 21 June 2024, Quadient announced a significant expansion of its open locker network in Japan through a strategic partnership with JR East Smart Logistics Co., Ltd., the logistics arm of the major Japanese rail company. This collaboration integrates Quadient’s advanced parcel delivery and pickup functionalities into JR East’s existing multifunctional locker system, Multi E-Cube, across Japan’s extensive railway network. This marks the first time Quadient is expanding its intelligent locker capacities to third-party networks, highlighting its agility in deploying an open and interoperable logistics ecosystem with new approaches.

    Quadient reports cross-selling success in North America, reinforcing strategic vision
    On 2 July 2024, Quadient announced that nearly 50% of the large deals signed in North America with mail automation customers in May included digital automation platform applications, confirming the critical role its software solutions play in influencing customer decisions. Additionally, two-thirds of these cross-sell deals, secured by Quadient’s mail teams, featured both mail and digital automation solutions, reaching an over 60% integration rate.

    Quadient launches new cloud-based application to empower small businesses in their Mail management processes
    On 4 July 2024, Quadient announced the launch of Secure Barcode, a cloud-based application designed to enhance the security of customer physical communications through seamless barcode generation and insertion into documents. This innovative solution is tailored for small businesses that are beginning their journey into digital mail solutions, providing immediate benefits in document management and operational efficiency.

    Quadient and Punch Pubs Partner to enhance parcel locker access for UK communities
    On 11 July 2024, Quadient announced a new contract with Punch Pubs, a leading pub company in the UK. This partnership will see the deployment of Quadient’s Parcel Pending open locker network across 1,261 pub locations managed by Punch Pubs, enhancing the accessibility and convenience of parcel deliveries and returns for communities nationwide. This collaboration supports sustainable growth strategies, leveraging Punch Pubs’ nationwide commercial properties to deliver value to local populations. 

    More than 1.5 million higher education Students in the U.S. now rely on Quadient smart lockers for package delivery
    On 25 July 2024, Quadient announced it has reached a new milestone of installed smart lockers totaling more than 250 colleges and universities across the United States. Across the campuses, more than 1.5 million students per year are served by the automated lockers.

    POST-CLOSING EVENTS

    Quadient recognized as a major player for first time in IDC MarketScape for worldwide accounts payable automation software for midmarket and small businesses
    On 14 August 2024, Quadient announced it has been named a Major Player for the first time in two IDC MarketScape reports – IDC MarketScape: Worldwide Accounts Payable Automation Software for Midmarket 2024 Vendor Assessment (doc # US52378624, July 2024) and IDC MarketScape: Worldwide Accounts Payable Automation Software for Small Businesses 2024 Vendor Assessment (doc # US52378824, July 2024).

    Quadient secures major contract in North America, demonstrating strength in integrating Digital communications and Mail automation solutions
    On 28 August 2024, Quadient announced a new contract with a North American global leader in financial services, worth approximately €1.4 million per year over an initial period of three years. This successful deal underscores Quadient’s capability to meet the complex communication needs of large organizations through its extensive portfolio of digital and mail automation platforms, combined with high-level consulting and professional services.

    Quadient unveils new mobile app, enabling any local business to offer parcel locker delivery services to customers
    On 4 September 2024, Quadient announced the launch of a mobile app that enables local businesses to deliver customer orders directly to Quadient open network lockers without the need for specific software integrations. The app is already available in the Japanese market under the name PUDO ACCESS and will soon be made available in other countries, continuing to create value for merchants and their local communities.

    E-invoicing mandate for businesses in France: Quadient officially registered as a Dematerialization Platform Partner
    On 12 September 2024, Quadient announced its official registration as a Partner Dematerialization Platform (PDP) under number 0060. This registration, issued on 12 September 2024 by the PDP Registration Service of the Public Finance Department, acknowledges that Quadient meets all the requirements of the new Finance Law and is authorized to participate in the next phase of interoperability tests with the tax authorities’ platform when it becomes available.

    Quadient Named a Leader in 2024 SPARK Matrix for Accounts Payable Automation
    On 19 September 2024, Quadient announced it has been recognized as a Technology Leader in the “SPARK Matrix: Accounts Payable Automation” report, a detailed analysis of the accounts payable (AP) automation market by independent analyst firm QKS Group. The recognition comes on the heels of Quadient also being named a Technology Leader in the “2024 SPARK Matrix: Accounts Receivable (AR) Applications” report, which was published in May. This marks the second year in a row that Quadient has been named a leader in both AP and AR in the SPARK Matrix reports.

    To know more about Quadient’s news flow, previous press releases are available on our website at the following address: https://invest.quadient.com/en/newsroom.

    CONFERENCE CALL & WEBCAST

    Quadient will host a conference call and webcast today at 6:00 pm Paris time (5:00 pm London time).

    To join the webcast, click on the following link: Webcast.

    To join the conference call, please use one of the following phone numbers:

    ▪ France: +33 (0) 1 70 37 71 66.

    ▪ United States: +1 786 697 3501.

    ▪ United Kingdom (standard international): +44 (0) 33 0551 0200.

    Password: Quadient

    A replay of the webcast will also be available on Quadient’s Investor Relations website for 12 months.

    Calendar

    • 27 November 2024: Third quarter 2024 sales release (after close of trading on the Euronext Paris regulated market).

    About Quadient®

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

    For more information about Quadient, visit https://invest.quadient.com/en/.

    Contacts

    APPENDIX

    Digital: New name for Intelligent Communication Automation

    Mail: New name for Mail-Related Solutions

    Lockers: New name for Parcel Locker Solutions

    H1 2024 and Q2 2024 consolidated sales

    H1 2024 consolidated sales by geography

    In € million H1 2024 H1 2023
    restated (a)    		 Change Organic
    change
    North America 308 295 +4.1% +2.8%
    Main European countries(b) 182 173 +4.9% (1.6)%
    International(c) 45 49 (8.0)% (2.5)%
    Group total 534 517 +3.2% +0.8%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 revenue from the afore-mentioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.
    (b)  Including Austria, Benelux, France, Germany, Ireland, Italy (excluding Mail), Switzerland, and the United Kingdom
    (c)  International includes the activities of Digital, Mail and Lockers outside of North America and the Main European countries

    Q2 2024 consolidated sales by Solution

    In € million Q2 2024 Q2 2023
    restated (a)    		 Change Organic change
    Digital 66 61 +8.1% +5.8%
    Mail 183 179 +2.4% (0.8)%
    Lockers 23 24 (3.2)% (1.8)%
    Group total 273 264 +3.3% +0.6%
    (a)   The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, Q2 2023 revenue from the afore-mentioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in Q2 2024.

    Q2 2024 consolidated sales by geography

    In € million Q2 2024 Q2 2023
    restated (a)    		 Change Organic
    change
    North America 157 150 +4.9% +3.2%
    Main European countries(b) 93 89 +4.2% (1.8)%
    International(c) 22 25 (10.1)% (5.8)%
    Group total 273 264 +3.3% +0.6%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, Q2 2023 revenue from the afore-mentioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in Q2 2024.
    (b)  Including Austria, Benelux, France, Germany, Ireland, Italy (excluding Mail), Switzerland, and the United Kingdom
    (c)  International includes the activities of Digital, Mail and Lockers outside of North America and the Main European countries

    First half-year 2024

    Consolidated income statement

    In € million H1 2024
    (period ended
    on 31 July 2024)    		 H1 2023 restated
    (period ended
    on 31 July 2023)
    Sales 534 517
    Cost of sales (135) (131)
    Gross margin 399 387
    R&D expenses (31) (31)
    Sales and marketing expenses (143) (139)
    Administrative and general expenses (97) (90)
    Service and support expenses (58) (55)
    Employee profit-sharing, share-based payments and other expenses (5) (3)
    Acquisition-related expenses (4) (3)
    Current operating income 61 65
    Optimization expenses and other operating income & expenses (16) (6)
    Operating income 45 59
    Financial income/(expense) (21) (16)
    Income before taxes 24 43
    Income taxes 2 (6)
    Share of results of associated companies 0 (0)
    Net income from continued operations 26 37
    Net income of discontinued operations (1) (0)
    Net income 25 37
    Of which:

    • Minority interests
    		 1 1
    • Net attributable income
    		 24 36

    Simplified consolidated balance sheet

    Assets
    In € million    		 H1 2024
    (period ended
    on 31 July 2024)    		 FY 2023
    (period ended
    on 31 January 2024)
    Goodwill 1,089 1,082
    Intangible fixed assets 118 121
    Tangible fixed assets 158 156
    Other non-current financial assets 66 65
    Other non-current receivables 2 2
    Leasing receivables 591 598
    Deferred tax assets 47 17
    Inventories 71 67
    Receivables 193 228
    Other current assets 74 84
    Cash and cash equivalents 194 118
    Current financial instruments 2 2
    Assets held for sale 11 9
    TOTAL ASSETS 2,617 2,550
    Liabilities
    In € million    		 H1 2024
    (period ended
    on 31 July 2024)    		 FY 2023
    (period ended
    on 31 January 2024)
    Shareholders’ equity 1,064 1,069
    Non-current provisions 15 12
    Non-current financial debt 552 715
    Current financial debt 329 66
    Lease obligations 39 46
    Other non-current liabilities 4 2
    Deferred tax liabilities 119 104
    Financial instruments 4 5
    Trade payables 69 79
    Deferred income 190 212
    Other current liabilities 219 225
    Liabilities held for sale 13 15
    TOTAL LIABILITIES 2,617 2,550

    Simplified cash flow statement

     

    In €millions

    		 H1 2024
    (period ended
    on 31 July 2024)    		 H1 2023 restated
    (period ended
    on 31 July 2023)
    EBITDA 111 112
    Other elements (11) (7)
    Cash flow before net cost of debt and income tax 100 105
    Change in the working capital requirement (19) (55)
    Net change in leasing receivables 6 16
    Cash flow from operating activities 87 66
    Interest and tax paid (38) (35)
    Net cash flow from operating activities 49 31
    Capital expenditure (46) (46)
    Net cash flow after investing activities 3 (15)
    Impact of changes in scope (8) 0
    Others 0 (0)
    Net cash flow after acquisitions and divestments (5) (15)
    Dividends paid 0 (0)
    Change in debt and others 64 25
    Net cash flow from financing activities 64 25
    Cumulative translation adjustments on cash (0) (1)
    Net cash from discontinued operations 2 (1)
    Change in net cash position 60 10

    Figures exclude Mail Italian subsidiary which has been reclassified as discontinued operations in 2023.
    (1) H1 2024 sales are compared to H1 2023 sales, to which is added pro rata temporis the revenue of Daylight and Frama for a consolidated amount of €12 million. The currency impact is positive for €1 million.
    (2) Including IFRS 16
    (3) H1 2024 ARR impacted by a €0.2 million negative currency effect vs 31 January 2024
    (4) EBITDA = current operating income + provisions for depreciation of tangible and intangible fixed assets.
    (5) For the H1 2024, the average compounded number of shares is 33,950,930. Diluted number of shares is 34,487,900.
    (6) Net debt / shareholders’ equity
    (7) Subject to the renewal of the share buyback authorizations at the 2025 AGM
    (8) FY 2026 leverage ratio excluding leasing target of 1.5x

    Attachment

    The MIL Network –

  • MIL-OSI: Solutions30 announces the strategic acquisition of Xperal

    Source: GlobeNewswire (MIL-OSI)

    Solutions30 announces the acquisition of Xperal, a leading company specialized in end-to-end B2B solar projects in the Netherlands and Germany.

    Based in the Netherlands, Xperal is renowned for its comprehensive services in the solar energy sector, including design, engineering, procurement, commissioning, and maintenance. In 2023, the company achieved revenues of 15 million euros, demonstrating its strong market position and growth potential.

    This acquisition aligns with the Group strategic goal to expand its services into the Benelux region and increase its market share. Through this operation, the company will be able to, first, offer a broader range of services and, second, strengthen its position as a leading provider of sustainable energy solutions.

    “The acquisition of Xperal represents a significant milestone for Solutions30 by allowing us to extend our Energy Transition services in the Benelux region and Germany.” Says Luc Brusselaers, Chief Revenue Officer at Solutions30. “By integrating Xperal’s expertise in solar projects, we are now positioned to offer a complete portfolio of energy services, including smart metering, electric vehicle charging (EVC), power grid management, photovoltaic (PV) systems, and energy storage solutions.”

    More generally, this latest acquisition marks Solutions30’s ambition to accelerate the development of sustainable energy services and infrastructures for businesses and local authorities. It demonstrates its determination to offer a complete range of services across the entire value chain, as well as the latest technologies available.

    “This partnership with Solutions30 marks a new chapter for Xperal” comments Jaimie Louwers, Co-founder of Xperal. “This integration enables us to expand our geographical reach into the Benelux area, giving us access to new markets and opportunities. With Solutions30’s extensive resources and network, we are able to accelerate our growth and secure larger deals.”

    For further information please read the Xperal website: https://www.xperal.com/

    About Solutions30 SE

    The Solutions30 group is the European leader in solutions for new technologies. Its mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike. Yesterday, it was computers and the Internet. Today, it’s digital technology. Tomorrow, it will be technologies that make the world even more interconnected in real time. With more than 50 million call-outs carried out since it was founded and a network of more than 15,000 local technicians, Solutions30 currently covers all of France, Italy, Germany, the Netherlands, Belgium, Luxembourg, the Iberian Peninsula, the United Kingdom, and Poland. The share capital of Solutions 30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised.
    Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes: CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.
    Visit our website for more information: www.solutions30.com

    About Xperal

    Xperal acquisition includes Louwers Beheer B.V. and its subsidiaries: XPERAL B.V, Astra Solar B.V., Louwers Installatie B.V., Solar Benelux B.V., and Louwers Onroerend Goed B.V. Visit the website for more information: https://www.xperal.com.

    Contact

    Individual Shareholders:
    Tel: +33 1 86 86 00 63 – shareholders@solutions30.com

    Investor relations
    Investor.relations@solutions30.com

    Press – Image 7:
    Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    Attachment

    The MIL Network –

  • MIL-OSI: Quadient launches share buyback program for up to €30 million

    Source: GlobeNewswire (MIL-OSI)

    Quadient launches share buyback program for up to €30 million

    Paris, 23 September 2024

    Quadient S.A. (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announces the launch of a share buyback program for a total consideration of up to €30 million (total purchase price excluding ancillary costs) to be executed on the market.

    This operation demonstrates i) Quadient’s confidence in the value creation potential of its new Elevate to 2030 strategic plan and its ability to reach its FY 2026 leverage ratio reduction target1 , ii) aims at improving total shareholders’ return and iii) is in line with the capital allocation policy of the Company, which aims at balancing:

    • investments into the business (notably Mail rented equipment, deployment of parcel locker networks, R&D efforts),
    • potential external growth operations while maintaining a flexible approach to the management of the business portfolio,
    • maintaining a healthy and efficient balance sheet, with a target for financial leverage ratio excluding leasing of 1.5x in 2026, and
    • attractive shareholder return, with a dividend policy based on a minimum 20% payout ratio and the use of excess cash for share buybacks.

    The share buyback program will be carried out under the authorization granted by the 2024 Annual General Meeting of shareholders held on 14 June 2024, and may be renewed or extended, up to a maximum of 10% of the total number of shares comprising the share capital of the Company as set out in the 19th resolution of the 2024 Annual General Meeting. Quadient intends to cancel the shares acquired through the share buyback program apart from a portion of up to €10 million, which will be dedicated to future equity-based long term incentive plans for employees and management, as set out in the 19th resolution of the 2024 Annual General Meeting.

    Quadient will publish an updated version of the description of the share buyback program (available on the Investor Relations website under the “Regulated information” section) describing these updated objectives. The Company will also publish updates on the program via weekly press releases posted on the Investor Relations website under the “Regulated information” section.

    Barring any unforeseeable circumstances, the shares will be purchased over an 18-month2 period ending in January 2026 at the latest.

    The buybacks will be carried out subject to market conditions and in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the European Commission Delegated Regulation (EU) 2016/1052. Quadient hereby confirms the absence of any agreement with any of its existing shareholders regarding their potential participation in the share buyback program.

    About Quadient®

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

    For more information about Quadient, visit https://invest.quadient.com/en/

    Contacts

    1   FY 2026 leverage ratio excluding leasing target of 1.5x
    2 Subject to the renewal of the share buyback authorizations at the 2025 AGM

    Attachment

    The MIL Network –

  • MIL-OSI: Amundi: Launch of the capital increase reserved for employees

    Source: GlobeNewswire (MIL-OSI)

    Amundi: Launch of the capital increase reserved for employees

    Amundi launches a capital increase reserved for employees (under the name We Share Amundi). This capital increase was initially decided on 6 February 2024 under the terms specified below.

    This offer reflects Amundi’s desire to involve employees not only in the Company’s development but also in the creation of economic value. This will strengthen the employees’ sense of belonging.

    The discount offered to employees will be 30%, as for the five previous capital increase reserved for employees.

    Eligible employees can subscribe to the offering between 23 September and 4 October 2024 included. The capital increase is scheduled for 31 October 2024 and the newly issued Amundi shares will be listed on Euronext Paris on 4 November 2024.

    As a reminder, employees currently own 1.41 % of Amundi’s share capital.

    The impact of this offering on the net earnings per share should be negligible. The maximum number of Amundi shares to be issued will be capped at 1,000,000 shares (i.e. less than 0.5% of the Company’s share capital and voting rights).

    Terms of the capital increase

    Issuer

    Amundi, a French limited company (société anonyme) with share capital of €511.619.085 and with its offices located at 91-93, Boulevard Pasteur, 75015 Paris, France, registered with the Paris Trade and Companies Registry under number 314 222 902 (the “Company”).

    Securities offered

    The offering is a capital increase in cash reserved for employees, employees who have taken early retirement and retired employees of Amundi Group companies that are members of the UES Amundi Company Savings Plan (“PEE”) or Amundi’s International Group Savings Plan (“PEGI”). The capital increase will be carried out pursuant to Resolution 24 of the Annual General Meeting of 12 May 2023, without preferential shareholder subscription rights.

    The capital increase will be capped at 1,000,000 shares with a par value of €2.50 per share. The newly issued shares will be fully assimilated to existing ordinary shares.

    Amundi will request that the newly issued shares under the offering be admitted for trading on Euronext Paris as soon as possible after the capital increase is completed, currently scheduled for 31 October 2024. These shares will be listed on the same line as the existing shares, under ISIN code FR0004125920.

    Terms of the 2024 offering

    We Share Amundi is being made available to employees in France and Amundi Group entities in the following countries: Austria, Czech Republic, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Malaysia, Singapore, Spain, Taiwan, United Kingdom and United States.

    Employees of companies that are members of the PEE or PEGI, with at least three months of employment, whether consecutive or not, between 1 January 2023 and the last day of the subscription period, as well as retired employees in France that have kept assets in the PEE, are eligible to the 2023 offering.

    The subscription price is set at 47.00 euros. This subscription price is the average of the share opening price over the 20 trading days between 23 August and 19 September 2024 (included), minus a 30% discount.

    Eligible employees can subscribe to the offering between 23 September 2024 and 4 October 2024 included. Shares can be subscribed to via the FCPE (Employment Shareholding Fund) AMUNDI ACTIONNARIAT      RELAIS 2024 or FCPE AMUNDI SHARES RELAIS 2024, with the exception of certain countries where shares will be subscribed to directly. Once the capital increase is completed, and following decisions by the funds’ Supervisory Boards and the approval of the French Autorité des Marchés Financiers (AMF), the FCPE AMUNDI ACTIONNARIAT RELAIS 2024 will be merged into the FCPE AMUNDI ACTIONNARIAT, and the FCPE AMUNDI SHARES RELAIS 2024 will be merged into the FCPE AMUNDI SHARES.

    The voting rights attached to the shares held via the Funds will be exercised by the Fund’s Supervisory Board. The voting rights attached to the directly-held shares will be exercised by the subscribers.

    The shares subscribed to under We Share Amundi will be subject to a five-year lock-up period, unless an early-exit event occurs as described in the PEE or PEGI plan rules. Early-exit events will be adjusted where applicable for certain countries.

    An employee can invest up to a maximum of €40,000. This cap is assessed on all the employee shareholding operations of the Crédit Agricole group in which Amundi employees could participate in 2024. Employees may finance their subscription by making voluntary contributions to the plans, up to the annual cap on investments in employee savings plans which is set at 25% of their gross annual compensation. Members of the UES Amundi PEE are also entitled to use their     assets held in another specific fund of the PEE.

    Should subscription requests exceed the maximum number of shares available under the offering, the smallest subscriptions will be fully honoured while the highest subscriptions will be subject to successive caps until all available shares are subscribed. In France, any cap on subscriptions will first be applied to portions of subscriptions financed by voluntary contributions, then on the subscriptions financed by the transfer of available assets held in another specific fund of the PEE, and finally on the subscriptions financed by the transfer of unavailable assets held in another specific fund of the PEE.

    Disclaimer

    This press release is for information only and is not a solicitation to subscribe to Amundi shares.

    We Share Amundi is strictly reserved to the eligible employees mentioned in this release and shall only be available in countries where such an offer has been registered with the competent local authorities, or the latter has been notified thereof, and/or following the approval of a prospectus by the competent local authorities, or if an exemption has been granted from the obligation to publish a prospectus or to register the offering with the authorities, or to notify the latter thereof.

    More generally, We Share Amundi will only be available in countries where all required registration and/or notification procedures have been completed and the necessary authorizations obtained.

    Contact

    For any questions about We Share Amundi, eligible employees may contact their Head of Human Resources or visit the following website: www.weshare.amundi.com

    ***

    About Amundi

    Amundi, the leading European asset manager, ranking among the top 10 global players1, offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.15 trillion of assets2.

    With its six international investment hubs3, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

    Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.

    Amundi, a trusted partner, working every day in the interest of its clients and society

    www.amundi.com    

    Press contacts:        
    Natacha Andermahr 
    Tel. +33 1 76 37 86 05
    natacha.andermahr@amundi.com 

    Corentin Henry
    Tel. +33 1 76 36 26 96
    corentin.henry@amundi.com

    Investor contacts:
    Cyril Meilland, CFA
    Tel. +33 1 76 32 62 67
    cyril.meilland@amundi.com 

    Thomas Lapeyre
    Tel. +33 1 76 33 70 54
    thomas.lapeyre@amundi.com 

    Annabelle Wiriath

    Tel. + 33 1 76 32 43 92

    annabelle.wiriath@amundi.com

    1Source: IPE “Top 500 Asset Managers” published in June 2023, based on assets under management as at 31/12/2022
    2Amundi data as at 31/12/2023
    3Boston, Dublin, London, Milan, Paris and Tokyo

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    The MIL Network –

  • MIL-OSI: Societe Generale: Capital reduction by cancellation of treasury shares

    Source: GlobeNewswire (MIL-OSI)

    CAPITAL REDUCTION BY CANCELLATION OF TREASURY SHARES

    Regulated Information

    Paris, 23 September 2024

    Meeting on September 19, 2024, the Board of Directors, with the authorization of the Extraordinary General Meeting of May 22, 2024, decided to reduce, on September 23, 2024, the share capital of Societe Generale by cancellation of 11,718,771 treasury shares. These shares were repurchased from May 27 to June 17, 2024 included.

    From now on, the share capital of Societe Generale amounts to 1,000,395,971.25 euros, divided into 800,316,777 ordinary shares, each with an unchanged nominal value of 1.25 euros.

    Information regarding total amount of voting rights and shares will be updated and available in the following section “Monthly reports on total amount of voting rights and shares”:
    Regulated information and other important information.

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

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    The MIL Network –

  • MIL-OSI: CK Snacks Acquires Axium Foods, Expanding Its Presence in the Snack Food Industry

    Source: GlobeNewswire (MIL-OSI)

    Grand Rapids, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) —  Cheeze Kurls, LLC dba CK Snacks, a premier manufacturer of salty snack foods sold across North America, has announced its acquisition of Axium Foods, Inc. (“Axium Foods”), a private label snack food company based in Illinois and founded in 1960. Axium Foods specializes in the production of tortilla chips, corn chips, extruded snacks, and pellet snacks. This acquisition strengthens CK Snacks’ product portfolio and positions both companies for sustained growth in the snack food market.

    Axium Foods has earned a solid reputation for manufacturing high-quality products for private label brands. The acquisition enables CK Snacks to diversify its offerings and expand its market reach, continuing to prioritize innovation and quality.

    Jamie Colbourne, CEO of CK Snacks, said:
    “We are thrilled to welcome Axium Foods into the CK Snacks family. Axium Foods’ expertise in tortilla chip and snack production will complement our existing product lines, enabling us to offer an even broader range of snacks. This acquisition marks a pivotal moment in our growth strategy, and we look forward to working together to deliver innovative, high-quality products to our customers.”

    The McCleary family, founders of Axium Foods, expressed their enthusiasm about the acquisition:
    “We are excited to see Axium Foods continue alongside another long-standing, family-founded business. CK Snacks shares our dedication to quality, innovation, and customer service, and we are confident the combined company will build on our legacy.”

    The acquisition solidifies CK Snacks’ position as a leader in the snack food industry by expanding its capabilities and customer base. Both companies will continue to operate from their respective locations with a shared focus on delivering exceptional snack products.

    About CK Snacks (Cheeze Kurls)

    CK Snacks, founded in 1964 and based in Grand Rapids, Michigan, is a leading manufacturer of private label snack foods, including extruded, fried, and baked products, as well as popcorn and party mixes. The company partners with major retailers and grocery chains across North America. For more information, visit www.cksnacks.com.

    About Axium Foods

    Founded in 1960, Axium Foods is a private label snack food manufacturer specializing in tortilla chips, corn chips, extruded snacks, and pellet snacks. Based in Illinois, Axium Foods has earned a reputation for producing high-quality, innovative products with a strong focus on customer satisfaction. For more information, visit www.axiumfoods.com.

    The MIL Network –

  • MIL-OSI: 21.co Integrates Chainlink Proof of Reserve To Increase Transparency of its Wrapped Bitcoin (21BTC) on Solana and Ethereum

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, 23 September 2024 – 21.co, the parent company of 21Shares – one of the world’s largest issuers of crypto exchange traded products (ETPs), today announced the integration of the industry-standard Chainlink Proof of Reserve on both Solana and Ethereum mainnets to increase the transparency of 21.co Wrapped Bitcoin (21BTC). The firm is leveraging Chainlink Proof of Reserve within 21.co’s digital asset management platform Onyx to automate real-time reserve verification and enable secure minting of 21BTC.

    In May 2024, 21.co announced the launch of 21BTC on Solana, offering users native access to Bitcoin on Solana through a simple and secure solution that creates cross-chain compatibility, liquidity and utility. Earlier this month, the firm announced the expansion of its Wrapped Bitcoin ecosystem with the launch of 21BTC on Ethereum with one of the world’s largest market makers, Flow Traders. 21.co wrapped Bitcoin is built by institutions and for the digital asset community with institutional security and strong mechanisms to help ensure user protection.

    Chainlink has securely enabled over $15 trillion in transaction value and its infrastructure is seamless to integrate, time-tested in production, and provides ease of integration and widespread adoption – making Chainlink 21.co’s preferred decentralized computing platform and recommended service for bringing reserve data onchain.

    21BTC is a native Solana and a native Ethereum token, fully backed 1:1 by Bitcoin reserves held in cold storage and institutional custody. Timely updates on the status of those BTC reserves are delivered onchain via Chainlink Proof of Reserve, giving users greater visibility and stronger assurances that 21BTC is fully collateralized. Ultimately, this makes Bitcoin, the largest digital asset by market cap and proven store of value with deep liquidity, more easily and securely accessible across the Solana and Ethereum ecosystems.

    Key benefits of Chainlink Proof of Reserve include:

    • Programmatic Utility — By bringing reserve data onchain, protocols can build automated logic around the reserve data backing an asset thus building new use cases and features such as automated onchain risk management.
    • Confidence — With secure minting, Proof of Reserve protects against malicious minting by embedding cryptographic guarantees that new tokens minted are backed by reserves, helping to prevent infinite mint attacks.
    • Decentralized — As the industry-standard solution, Chainlink Proof of Reserve Feeds are decentralized at the data source and oracle node level, eliminating central points of failure in the sourcing and delivery of external data to Solana and Ethereum.
    • Transparent — Chainlink Proof of Reserve Feeds can be monitored by anyone in real-time, allowing any user to independently verify asset collateralization, bringing increased transparency and trust to onchain products.

    “21Shares and Chainlink have played fundamentally important roles in ensuring the adoption of a more secure blockchain infrastructure, and we’re excited to see 21Shares integrate Chainlink Proof of Reserve to support 21BTC. Proof of Reserve’s role in enabling a secure minting function is a key step to creating a reliable framework that allows for the tokenization of trillions of dollars in value.”— Johann Eid, Chief Business Officer at Chainlink Labs.

    “The industry-standard Chainlink Proof of Reserve is critical for providing transparency into the reserves backing 21BTC, helping to secure its minting function and supporting its widespread adoption across the Solana and Ethereum ecosystems. By securing the minting function and providing timely and reliable monitoring of reserves, Proof of Reserve gives users greater assurances that 21BTC is fully backed by BTC 1:1.”— Eliezer Ndinga, Head of Strategy and Business Development, Digital Assets at 21.co.

    About 21.co
    21.co is the world’s leader in providing access to crypto through traditional finance and decentralized finance. 21.co offers cryptocurrency exchange traded products (ETPs) via its 21Shares affiliate, as well as blockchain infrastructure technology. 21.co’s products are built on its proprietary operating system, Onyx, which is also distributed to third parties. The company was founded in 2018 by Hany Rashwan and Ophelia Snyder. For more information, please visit www.21.co.

    About Chainlink
    Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

    Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

    Disclaimer

    21.co Wrapped Tokens are not available in certain jurisdictions, including the United States. These Tokens are not available to US Persons and US Persons will not be permitted to mint/burn.

    The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities or any other regulated products in any jurisdiction. Some of the information published herein may contain forward-looking statements and readers are cautioned that any such forward looking statements are not guarantees of future performance, involve risks and uncertainties, and actual results may differ. Additionally, there is no guarantee as to the accuracy, completeness, timeliness or availability of the information provided and 21.co and its affiliated entities are not responsible for any errors or omissions. The information contained herein may not be considered as economic, legal, tax or other advice and viewers are cautioned not to base investment or any other decisions on the content hereof.

    +++

    The MIL Network –

  • MIL-OSI: Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings Release

    Source: GlobeNewswire (MIL-OSI)

    GRAND RAPIDS, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 third quarter results on Thursday, October 24, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.

    Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel Rahn, EVP Commercial Banking will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Thursday, October 24, 2024.

    To participate in the live conference call, please dial 1-833-470-1428 (Access Code # 957797). Also the conference call will be accessible through an audio webcast with user-controlled slides via the following event site/URL: https://events.q4inc.com/attendee/824908063.

    A playback of the call can be accessed by dialing 1-866-813-9403 (Access Code # 159381). The replay will be available through October 31, 2024.

    About Independent Bank Corporation

    Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan’s Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments, insurance and title services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

    For more information, please visit our website at: IndependentBank.com.

       
    Contact: William B. Kessel, President and CEO, 616.447.3933
      Gavin A. Mohr, Chief Financial Officer, 616.447.3929 
       

    The MIL Network –

  • MIL-OSI: Sophos Named a Leader in 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms

    Source: GlobeNewswire (MIL-OSI)

    OXFORD, United Kingdom, Sept. 23, 2024 (GLOBE NEWSWIRE) — Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that it has once again been named a Leader in the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms (EPP). This is the 15th consecutive time that Sophos has been positioned as a Leader in the report.

    Sophos’ market-leading endpoint security solutions, including Sophos Intercept X Endpoint, protect more than 300,000 organizations against advanced cyberthreats with anti-exploit, anti-ransomware, deep learning artificial intelligence (AI), and other sophisticated technologies. This includes the ability to detect remote ransomware, an attack that attempts to encrypt data over the network from a compromised remote device, by stopping it in real-time and automatically rolling devices to their original state. It also includes Adaptive Attack Protection, an industry-first feature which automatically disrupts attackers and dynamically adjusts protections based on threat context to stop in-progress attacks. The feature provides defenders with valuable additional time to respond when under active attack. Through a partnership with Tenable, Sophos Managed Risk provides attack surface visibility, continuous risk monitoring, vulnerability prioritization, investigation, and proactive notification to prevent early-stage cyberattacks, reducing the workload for security teams tasked with tackling vulnerability and exposure management. Account Health Check capabilities further monitor and correct security configuration changes, enabling organizations to promptly re-establish security best practices.

    “Organizations are facing an unprecedented level of cyberattacks, with our Sophos X-Op research showing that adversaries are doing far more than accelerating their attacks and covering their tracks. Attackers are shifting their tactics, techniques, and procedures to evade and disable EDR tools – signaling that choosing a tested and hardened solution with a track record for consistent innovation is a ‘must have,’ not optional,” said Rob Harrison, senior vice president, product management at Sophos. “Sophos has been recognized as a 15-time Leader in Endpoint Protection Platforms, we feel this would have not been possible without moving as quickly and aggressively as the adversaries we are fighting every day. ​​Sophos’ technology is rooted in its unique prevention-first approach that reduces breaches, adapts defenses in response to an attack, and improves detection and response outcomes.”

    Already this year, Sophos was named a Customers’ Choice in the Gartner® Peer Insights™ Voice of the Customer for Endpoint Protection Platforms (EPP) report. This recognition follows Sophos being named Gartner Customers’ Choice for EPP for the third consecutive year​.

    Sophos is also named a G2 Leader in Endpoint Protection, EDR, MDR, Firewall, and XDR in its Fall 2024 G2 Grid® Reports. Sophos Intercept X is also recognized as a Leader in the IDC MarketScape for Modern Endpoint Midsize Business and the IDC MarketScape for Modern Endpoint Small Business.

    Like Intercept X Endpoint, Sophos Managed Detection and Response is the top-rated MDR solution on Gartner Peer Insights and a leader. As the most widely used MDR offering with more than 24,000 customers, Sophos MDR is the only MDR service that can be delivered across end users’ existing third-party security deployments as well as Sophos offerings. Organizations can integrate telemetry sources from dozens of vendors, including Microsoft, Amazon Web Services (AWS), Google, CrowdStrike, Palo Alto Networks, Fortinet, Check Point, Okta, Darktrace, and many others, through the Sophos Marketplace.

    Sophos endpoint solutions are a key part of the company’s portfolio of end-to-end integrated security products and services that protect customers at every layer, even across distributed organizations. In addition to endpoint, the portfolio includes network, email, and cloud solutions, as well as managed security and incident response services. All of the solutions feed into the Sophos Adaptive Cybersecurity Ecosystem and are powered by threat intelligence from Sophos X-Ops for faster and more contextual and synchronized protection, detection and response.

    To learn more about Sophos’ recognition in the 2024 Gartner Magic Quadrant for EPP, visit our website and read the blog.

    To learn more about Sophos Intercept X Endpoint, visit https://www.sophos.com/en-us/products/endpoint-antivirus.

    Gartner disclaimers:
    Gartner® Magic Quadrant™: Endpoint Protection Platforms (EPP), Evgeny Mirolyubov, Franz Stefan Hinner, Chris Silva, Deepak Mishra, Satarupa Patnaik, September 23, 2024.

    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
    GARTNER is a registered trademark and service mark, Peer Insights and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks, including Managed Detection and Response (MDR) and incident response services and a broad portfolio of endpoint, network, email, and cloud security technologies. As one of the largest pure-play cybersecurity providers, Sophos defends more than 600,000 organizations and more than 100 million users worldwide from active adversaries, ransomware, phishing, malware, and more. Sophos’ services and products connect through the Sophos Central management console and are powered by Sophos X-Ops, the company’s cross-domain threat intelligence unit. Sophos X-Ops intelligence optimizes the entire Sophos Adaptive Cybersecurity Ecosystem, which includes a centralized data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity and information technology vendors. Sophos provides cybersecurity-as-a-service to organizations needing fully managed security solutions. Customers can also manage their cybersecurity directly with Sophos’ security operations platform or use a hybrid approach by supplementing their in-house teams with Sophos’ services, including threat hunting and remediation. Sophos sells through reseller partners and managed service providers (MSPs) worldwide. Sophos is headquartered in Oxford, U.K. More information is available at www.sophos.com.

    The MIL Network –

  • MIL-OSI: Brompton Funds Declare Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) — (TSX: DGS, ESP.PR.A, GDV, GDV.PR.A, LBS, LBS.PR.A, LCS, PWI, PWI.PR.A, SBC, SBC.PR.A) – Brompton Funds announces distributions payable on October 15, 2024 to class A shareholders of record at the close of business on September 30, 2024 for each of the following funds:

    Fund Name Ticker Amount Per Share
    Dividend Growth Split Corp. (“DGS”) DGS $ 0.10
    Global Dividend Growth Split Corp. (“GDV”) GDV $ 0.10
    Life & Banc Split Corp. (“LBS”) LBS $ 0.10
    Brompton Lifeco Split Corp. (“LCS”) LCS $ 0.075
    Sustainable Power & Infrastructure Split Corp. (“PWI”) PWI $ 0.06667
    Brompton Split Banc Corp. (“SBC”) SBC $ 0.10
           

    Brompton Funds also announces distributions payable on October 15, 2024 to preferred shareholders of record at the close of business on September 30, 2024 for the following funds:

    Fund Name Ticker Amount Per Share
    Brompton Energy Split Corp. ESP.PR.A $ 0.20625
    Global Dividend Growth Split Corp. GDV.PR.A $ 0.1250
    Life & Banc Split Corp. LBS.PR.A $ 0.18125
    Sustainable Power & Infrastructure Split Corp. PWI.PR.A $ 0.1250
    Brompton Split Banc Corp. SBC.PR.A $ 0.15625
           

    The funds noted above offer distribution reinvestment plans (“DRIP”) for class A shareholders which provide class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor or dealer.

    About Brompton Funds
    Founded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other Toronto Stock Exchange (“TSX”) traded investment funds. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.

    You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment funds on the TSX or other alternative Canadian trading system (an “exchange”). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.

    There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the funds. You can find more detailed information about the funds in the public filings available at www.sedarplus.ca. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

    The MIL Network –

  • MIL-OSI: Force for Good: UN’s Sustainable Development Goals at risk of being missed – 9 urgent actions needed to unlock progress as cost of SDG gap rises by 10% to US$112-136 trillion

    Source: GlobeNewswire (MIL-OSI)

    • A new report from Force for Good – “Capital as a Force for Good: Shifting the Global Order Through the Mass Mobilization of Solutions” – finds urgent action is needed now to unlock progress and achieve the SDGs
    • It identifies ‘Nine Big Ideas’ that, if scaled globally, have the potential to unlock SDG progress from less than 66% today, to nearly 90% by the end of the decade, helping correct the annual SDG funding gap of US$14-17 trillion
    • Ideas include climate transition frameworks, AI-enabled connectivity, and universal digital financial services, through coordinated action across governments, the private sector and multi-lateral institutions, proposing a high-impact roll-out across the world

    LONDON, Sept. 23, 2024 (GLOBE NEWSWIRE) — Force For Good: The world is failing to meet the Sustainable Development Goals (SDGs) and urgent action is needed to unlock progress and overcome the growing annual SDG funding gap, which now stands at US$14-17 trillion, a new report from Force for Good finds, US$112-136 trillion in total, up 10%, due to the costs of global climate transition and development needs in the Global South.

    Today, only 16% of the goal’s 169 underlying targets are on track to be met by 2030, with 50% falling behind, and 30% regressing below their 2015 levels when the SDGs were kicked off, the report finds.

    Nine ‘Big Ideas’, including climate transition frameworks, AI-enabled connectivity, and universal digital financial services, if scaled globally, have the cumulative potential to progress SDG achievement to nearly 90%, from less than 66% today, reigniting exponential progress.

    “This report shows how the global order and the systems itself can be transformed by delivering solutions en masse across the planet, engaging everyone in this endeavour … By leveraging the strengths of governments, private companies, NGOS and mobilising the individual as an agent of change, we can create a sustainable, secure, and prosperous future,” said Ketan Patel, Chair of the Advisory Council.

    The world’s failure to meet the goals is being driven by a series of interrelated economic, political, geopolitical and environmental shocks – including the COVID-19 pandemic, the war in Ukraine and Gaza, the energy, cost-of-living and climate crises – interacting with one another to create a ‘polycrisis’ that is diverting attention and resources away from sustainable development.

    A mass and fast roll out of the ‘Nine Big Ideas’, sponsored by appropriate champions across government, private sector or multi-lateral institutions, working with the United Nations, can make a transformative impact on developing countries, while benefitting the global economy.

    While the mass mobilisation of solutions will take a global effort, the largest developing countries, particularly India, China, and Brazil, account for two-thirds of the world’s sustainable development potential. These countries represent the first wave of opportunity in a multi-wave project to realize the future faster.

    Meeting the SDGs is a crucial step for the world in the transition to the next era of human civilization, building a platform on which further breakthroughs and technologies can create a sustainable, secure and superior future.

    About Force for Good

    Force for Good’s mission is to mobilize capital, resources, and ideas as a force for good in the world at a time of profound change. The organization’s Capital as a Force for Good Initiative engages the world’s leading financial institutions and other stakeholders, to promote sustainable development through the deployment of capital and solutions to address global issues and enable the transition to a better future.

    The annual Capital as a Force for Good report, now in its fourth edition, is the result of collaboration with the United Nations and major global financial institutions, assessing the role of capital in addressing the world’s most pressing issues.

    Institutions actively engaged include Bank of America, BlackRock, Bridgewater Associates, Citi, Credit Suisse, Fidelity Investments, First Abu Dhabi Bank, GIC Singapore, Goldman Sachs, Great-West Lifeco, HDFC Bank, HSBC, Investec Group, Japan Post Holdings, JPMorgan Chase, Liberty Mutual Insurance Group, Lloyds Banking Group, Morgan Stanley, Nomura, Nordea, Northern Trust, OMERS, Putnam Investments, Schroders, State Street, UBS, Wellington, and others.

    For further details, please visit www.forcegood.org

    CONTACTS

    Force For Good Contact:
    Lesley Whittle
    Lesley.whittle@forcegood.org

    *ESG News is a proud supporter of Force for Good

    The MIL Network –

  • MIL-OSI: Parallels is Recognized as a Visionary in the 2024 Gartner® Magic Quadrant™ for Desktop as a Service

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Sept. 23, 2024 (GLOBE NEWSWIRE) — Parallels, a global leader in cross-platform solutions, today announced it has been named a Visionary in the Gartner Magic Quadrant for Desktop as a Service. While included as an Honorable Mention in the 2023 version of the report, this is the first time Parallels has appeared as one of the placed vendors within the Magic Quadrant.

    Parallels DaaS is a cloud-native, Desktop-as-a-Service (DaaS) solution that offers users secure and seamless access to their virtual applications and desktop environments anytime, anywhere. Parallels is identified as a Visionary in Gartner’s evaluation for its Ability to Execute and Completeness of Vision.

    While Parallels DaaS is a new offering, it benefits from Parallels’ extensive experience in Virtual Desktop Infrastructure (VDI) through its more mature Parallels RAS (Remote Application Server) solution. Parallels RAS (Remote Application Server) is a flexible virtual application and desktop delivery solution providing a unified management platform that enables on-premises VDI, hybrid environments, cloud PCs, and physical endpoints.

    A Gartner Magic Quadrant is a culmination of research in a specific market, giving end users a wide-angle view of the relative positions of the market’s competitors.

    “We believe that our position as a Visionary in the Gartner Magic Quadrant for Desktop as a Service is not only an accomplishment for Parallels, but also a testament to our commitment to simplifying the management of virtual machines and meeting the demands of the market,” said Prashant Ketkar, CTO at Parallels. “With Parallels DaaS, organizations receive an intuitive, user-friendly solution with simple licensing without sacrificing scalability and security.”

    Gartner Attribution & Disclaimer
    Gartner, Magic Quadrant for Desktop as a Service, By Stuart Downes, Eri Hariu, Mark Margevicius, Craig Fisler, Sunil Kumar, 16 September.

    Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About Parallels
    Parallels is a global leading brand in cross-platform solutions that make it simple for businesses and individuals to use and access the applications and files they need on any device or operating system. Parallels helps customers leverage the best technology out there, whether it’s Windows, Mac, ChromeOS, iOS, Android, or the cloud. Parallels solves complex engineering and user-experience problems by making it simple and cost-effective for businesses and individual customers to use applications anywhere, anytime. For more information, please visit www.parallels.com.

    © 2024 Parallels International GmbH. All rights reserved. Parallels is a trademark or registered trademark of Parallels International GmbH. in Canada, the United States and/or elsewhere. Mac is a trademark of Apple Inc. Android and ChromeOS are trademarks of Google LLC. All other company, product and service names, logos, brands and any registered or unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners. For all notices and legal information please visit www.parallels.com/about/legal/.

    The MIL Network –

  • MIL-OSI: UPDATE – Thnks Announces Winners of the 2024 Thnks Gratitude in Business Awards

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, Tenn., Sept. 23, 2024 (GLOBE NEWSWIRE) — Thnks, the first on-demand gratitude expression platform for enterprises, SMBs, and individual contributors, today announced Troy Stevenson, Account Manager at Pegasus Logistics Group as the individual winner and Pegasus Logistics Group as the company winner for the 2024 Thnks Gratitude in Business Awards sponsored by First Horizon.

    As the gratitude in business pioneer, Thnks has transformed small gestures of appreciation into enduring business connections, fostering loyalty, and driving revenue growth. Through the Thnks Gratitude in Business Awards, Thnks celebrates individuals and organizations who are growing their businesses with gratitude.

    “Troy and the entire team at Pegasus Logistics Group inspire a ripple effect of gratitude that transforms how we do business and strengthens our communities,” said Brendan Kamm, Thnks Co-Founder and CEO. “The response to this year’s Thnks Gratitude in Business Award has been truly remarkable. We’ve seen an inspiring array of stories demonstrating how gratitude is being leveraged as a powerful tool for business growth and relationship building.”

    Pegasus Logistics Group, the first company honored by the Gratitude in Business Awards, is being recognized for their exceptional dedication to fostering a culture of appreciation and recognition to drive growth. The company’s innovative initiatives, including their Culture Team’s CREW program and “People on Point” rewards system, demonstrate a strong commitment to fostering a culture of gratitude and empowerment. As the individual winner, Stevenson’s commitment to building trust-based relationships and consistently showing appreciation embodies the transformative power of gratitude in the workplace.

    “We are truly honored to receive this recognition from Thnks and First Horizon,” said Ken Beam, Founder and CEO of Pegasus Logistics Group. “Gratitude is at the heart of our culture, and this win is a testament to the dedication and commitment of individuals like Troy Stevenson and all our team members. We believe that gratitude is the foundation for building strong relationships with our team members, clients, partners, and the community. It’s wonderful to see both Troy’s efforts and the collective spirit of Pegasus Logistics recognized. We’re excited to continue fostering an environment where appreciation drives success and strengthens our connections.”

    Stevenson will be awarded $10,000 in Thnks credits to enhance further the gratitude program at Pegasus Logistics, a $500 credit from a selection of Thnks retailers, and a $2,500 donation will be made in his name to The Grace Foundation, which assists individuals and families in crisis and guidance toward self-sufficiency. The team at Pegasus Logistics will receive $10,000 in Thnks credits for their gratitude program.

    “At First Horizon we’re proud to support the Thnks Gratitude in Business Awards,” said Lucas Doppler, SVP at First Horizon. “We share Thnks’ vision of celebrating those who elevate their workplace, enhance customer experiences, and enrich their communities – by leading with gratitude. “

    To learn more about the Thnks Gratitude in Business Awards sponsored by First Horizon, visit thnks.com.

    ABOUT THNKS
    Established in 2016, Thnks believes making people feel appreciated – not just part of a transaction – is a business-building strategy. Utilized by over 10,000 teams and 120 Fortune 500 companies, Thnks is an on-demand gratitude expression platform for enterprises, SMBs, and individual contributors that converts small acts of gratitude into lasting business relationships that drive loyalty and revenue. The Thnks platform incorporates technology, program analytics and compliance/budget adherence to empower customers with a more economical, intentional, and authentic way to make people feel appreciated. To date, millions of Thnks have been sent – proving small acts of gratitude generate outsized business impact.

    ABOUT FIRST HORIZON
    First Horizon Corp. (NYSE: FHN), with $82.2 billion in assets as of June 30, 2024, is a leading regional financial services company, dedicated to helping our clients, communities, and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

    ABOUT PEGASUS LOGISTICS GROUP
    Pegasus Logistics Group is a global leader in transportation and logistics, specializing in both international and domestic shipments of consequence. With a client-centric approach and a flexible global network of partners, we deliver a highly managed transportation model that adapts to the unique challenges of each business. Our stakeholder-focused approach ensures that our solutions benefit not just our clients but also our team members, partners, and communities. At Pegasus Logistics Group, we believe that true partnership is defined by flexibility, collaboration, and a commitment to improving business processes as we grow together.

    FOR MORE INFORMATION, PRESS ONLY:
    Kaileigh Higgins
    thnks@inkhouse.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d0bcf29-0a44-40ba-92d5-2b6dadd89c15

    The MIL Network –

  • MIL-OSI: Habeas Corpus (constitutional challenge, “Amparo”) granted against the Ministry of Energy, Mexico – BERDEJA Y BUTLER CONSULTORES, S.C.

    Source: GlobeNewswire (MIL-OSI)

    Santa Fe, Mexico City, Sept. 23, 2024 (GLOBE NEWSWIRE) —

    Amparo en contra de la Secretaría de Energía, México

    Verfassungsbeschwerde gegen das Energieministerium, Mexiko

    Berdeja y Butler Consultores, S.C. (“the Firm”) has achieved a significant legal victory securing an Amparo against  Mexico’s Ministry of Energy, challenging its Decree imposing maximum tariffs on ‘UVIEs’ -verifiers for conformity in electrical installations to the Mexican Official Standards (“NOMs”), “the Decree”, dated September 5, 2022.

    The Amparo was granted in October 2023 and ratified on 4th July 2024 by the First Collegiate Circuit Court in Administrative Matters Specialising in Economic Competition, Broadcasting & Telecommunications.

    The illegal imposition of maximum rates discouraged the work of the UVIEs, promoted simulation, and generated uncertainty for customers, who, due to the improper actions of the authorities, believed that below-market rates were valid; that is, below the rates formally registered by each UVIE with the Ministry of Economy. In other words, the Ministry of Energy was distorting the market and services provided by the UVIEs, and their economics because they had to judicially defend themselves from the now judged illegal Decree.

    The Decree violates the principles of statement of reasons, foundation -constitutional, conventional, and legal–, legal certainty, free competition, job freedom, efficient economy, and the supremacy of the rule of law by prioritising a public interest artificially constructed by the Decree.

    The granting of the definitive Amparo will generate the following benefits: 1. Recover legal and economic certainty in the UVIE-clients relationship; 2. Remove the distortion of UVIE rates in the relevant market; 3. Eliminate the constraint on the UVIE’s job freedom; 4. Reconfirm that the powers of the Ministry of Energy and the Ministry of Economy are limited; it constrained their arbitrariness; 5. Clarify the difference between the regulated electricity industry and the electricity sector; 6. Enforce the international treaties to which Mexico is a party, as well as Mexico’s Constitution and laws; in summary, the rule of law in Mexico.

    There are key industries that need to be properly defended against legislative changes or acts of authority. These include energy: oil & gas, and clean energies; mining for lithium & open-pit mines; and water, particularly pre-existing or granting of future concessions. When acts or ommisions of public authorities violate human rights, the Constitution is the best defense; however, if it is also violated, Conventional mechanisms for the defense and protection of international investments can be activated.

    The Firm trusts that the next President of Mexico will promote the energy sector and the rule of law, and hopes that the administration of justice will not be adversely affected by any reform to the Judiciary Power. Likewise the Firm will continue working towards legal certainty and regulatory compliance to effectively and efficiently protect its clients’ interests, and the investment attraction of Mexico; otherwise, the Firm is ready to help defending business interests in Mexico.

    Please do not hesitate to contact Carlos Berdeja Prieto, Berdeja y Butler Consultores, S.C., carlos_berdeja@bybconsultores.com; (+52)5554362055, in case any business plan related to Mexico needed to be implemented or defended.

    #Verfassungsrecht #Amparo #ConstitutionalLaw #Energie #Energia #Energy #Mexiko #México #Mexico #JuristischeDienstleistungen #LegalServices #ServiciosLegales #Investitionen #Investments #Inversiones #RegulatorischeCompliance #CumplimientoRegulatrorio #RegulatoryCompliance #WirtschaftlicherWettbewerb #EconomicCompetition #CompetenciaEconomica

    The MIL Network –

  • MIL-OSI: Red Cat Holdings Reports Financial Results for Fiscal First Quarter 2025 and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Sept. 23, 2024 (GLOBE NEWSWIRE) —  Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal first quarter ended July 31, 2024 and provides a corporate update.

    Recent Operational Highlights:

    • Presented drone solutions to high-level officials, at multiple Defense Conferences, including the U.S Marine Corps (Modern Day Marine), domestic and international Special Operations Forces (SOF Week), and European Union and NATO forces at Eurosatory 2024 in Paris, France.
    • Announced development of a new Family of Small ISR and Precision Strike Systems at Eurosatory 2024.
    • Recently closed FlightWave asset purchase agreement.
    • Launched Robotics and Autonomous Systems Industry Consortium called Red Cat Futures Initiative.

    First Quarter 2025 Financial Highlights:

    • Quarterly revenue of $2.8 million, representing 59% year-over-year growth.
    • Ended the quarter with cash of $7.7 million.
    • Guidance of $50-$55 million for calendar year 2025 exclusive of government or NATO programs of record.
    • Record backlog of $13 million.

    “Red Cat continues to see significant global demand and year-over-year growth with a strong pipeline and backlog,” said Jeff Thompson, Red Cat Chairman and Chief Executive Officer. “This is being driven by strong domestic and international adoption and sales across our entire Family of Systems, which now includes the Edge 130 Blue. Our guidance for the upcoming 2025 calendar year of $50 – $55 million will continue our growth trend as we await news around the U.S. Army’s Short-Range Reconnaissance Program of Record and prepare to scale up production capacity.”

    “We are reporting 59% year-over-year growth and $13 million in backlog for the first quarter of fiscal 2025,” stated Leah Lunger, Chief Financial Officer. “Having officially closed the acquisition of FlightWave Aerospace System, we look forward to integrating the Edge 130 Blue into our Family of Systems, which will open new revenue streams and partnership opportunities with companies in our Futures Initiative. We also have significant market potential for NDAA compliant FPV precision strike drones within our innovation roadmap.”

    Conference Call Today

    CEO Jeff Thompson and CFO Leah Lunger will host an earnings conference call at 4:30 p.m. ET on Tuesday, September 23, 2024 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

    Interested parties can listen to the conference call by dialing 1-844-413-3977 (within the U.S.) or 1-412-317-1803 (international). Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call. Participants can also pre-register for the call using the following link: https://dpregister.com/sreg/10192508/fd6e5cff60

    The conference call will also be available through a live webcast that can be accessed at:
    https://event.choruscall.com/mediaframe/webcast.html?webcastid=TD6F4UVA

    A replay of the webcast will be available until December 22, 2024 and can be accessed through the above link or at www.redcatholdings.com. A telephonic replay will be available until October 7, 2024 by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 2058195.

    About Red Cat, Inc.
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities.  Learn more at www.redcat.red.

    Forward Looking Statements
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    RED CAT HOLDINGS
    Condensed Consolidated Balance Sheets
           
        July 31,     April 30,
        2024       2024  
    ASSETS          
               
    Cash and marketable securities $ 7,732,763     $ 6,067,169  
    Accounts receivable, net   681,775       4,361,090  
    Inventory, including deposits   10,667,676       8,610,125  
    Intangible assets including goodwill, net   12,612,560       12,882,939  
    Other   6,260,457       7,473,789  
    Equity method investee   —       5,142,500  
    Note receivable   —       4,000,000  
               
    TOTAL ASSETS $ 37,955,231     $ 48,537,612  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY          
               
    Accounts payable and accrued expenses $ 3,428,538     $ 2,703,922  
    Debt obligations   599,570       751,570  
    Operating lease liabilities   1,471,589       1,517,590  
    Total liabilities   5,499,697       4,973,082  
               
    Stockholders’ capital   126,002,642       124,690,641  
    Accumulated deficit/comprehensive loss   (93,547,108 )     (81,126,111 )
    Total stockholders’ equity   32,455,534       43,564,530  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 37,955,231     $ 48,537,612  
               
    Condensed Consolidated Statements of Operations      
                     
        Three months ended      
        July 31,       
        2024     2023  
      Revenues $ 2,776,535     $ 1,748,129  
                     
      Cost of goods sold   3,259,926       1,573,464  
                     
      Gross (loss) profit   (483,391 )     174,665  
                     
      Operating Expenses              
      Research and development   1,626,440       1,353,551  
      Sales and marketing   2,041,511       1,288,760  
      General and administrative   3,483,095       2,863,758  
      Impairment loss   93,050       —  
      Total operating expenses   7,244,096       5,506,069  
      Operating loss   (7,727,487 )     (5,331,404 )
                     
      Other expense   4,688,889       262,891  
                     
      Net loss from continuing operations (12,416,376 )     (5,594,295 )
                     
      Loss from discontinued operations   —       (242,573 )
      Net loss $ (12,416,376 )   $ (5,836,868 )
                     
      Loss per share – basic and diluted $ (0.17 )   $ (0.11 )
                     
      Weighted average shares outstanding – basic and diluted   74,500,480       54,935,339  
                     
    Condensed Consolidated Statements of Cash Flows
         
          Three months ended July 31,  
          2024       2023  
    Cash Flows from Operating Activities                
    Net loss from continuing operations   $ (12,416,376 )   $ (5,594,295 )
    Non-cash expenses     6,755,639       1,522,611  
    Changes in operating assets and liabilities     3,312,325       (2,854,385 )
    Net cash used in operating activities     (2,348,412 )     (6,926,069 )
                     
    Cash Flows from Investing Activities                
    Proceeds from sale of equity method investment and note receivable     4,400,000       —  
    Proceeds from sale of marketable securities     —       4,888,399  
    Other     (99,957 )     (5,054 )
    Net cash provided by investing activities     4,300,043       4,883,345  
                     
    Cash Flows from Financing Activities                
    Payments of debt obligations, net     (152,000 )     (137,989 )
    Payments related to employee equity transactions     (134,037 )     (8,520 )
    Net cash used in financing activities     (286,037 )     (146,509 )
                     
    Net cash used in discontinued operations     —       (118,295 )
                     
    Net increase (decrease) in Cash     1,665,594       (2,307,528 )
    Cash, beginning of period     6,067,169       3,260,305  
    Cash, end of period     7,732,763       952,777  
    Less: Cash of discontinued operations     —       (15,021 )
    Cash of continuing operations, end of period     7,732,763       937,756  
    Marketable securities     —       7,922,392  
    Cash of continuing operations and marketable securities   $ 7,732,763     $ 8,860,148  
                     

    The MIL Network –

  • MIL-OSI: Cayson Acquisition Corp Announces Closing of $60,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Cayson Acquisition Corp (the “Company”) announced today that it closed its initial public offering of 6,000,000 units at $10.00 per unit. The offering resulted in gross proceeds to the Company of $60,000,000.

    The Company’s units are listed on the Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “CAPNU” on September 20, 2024. Each unit consists of one ordinary share and one right entitling its holder to receive one tenth of one ordinary share upon the Company’s completion of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “CAPN” and “CAPNR,” respectively.

    The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search for a target business on entities located throughout Asia but will not be limited to a particular industry or geographic location. The Company is led by its Chairman of the Board and Chief Executive Officer, Yawei Cao.

    Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $60,000,000 was placed in trust.

    EarlyBirdCapital, Inc. acted as the book-running manager for the offering and Revere Securities acted as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.

    A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on September 19, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    FORWARD-LOOKING STATEMENTS

    This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:
    Taylor Zhang
    taylorzhang@caysonspac.com

    The MIL Network –