The biggest power storer down under is about to get two times bigger.
Reported by Motley Fool 4 hours ago.
Australia Doubles Down on Tesla
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Virgin announces its Samsung Galaxy S9 and S9 Plus plans for Australia
Reported by TechRadar 4 hours ago.
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Unfortunate that Indian women's ODIs against South Africa weren't televised: Mithali Raj
Looking at Indian women's cricket team's scintillating performance in the T20I series against South Africa, ODI skipper Mithali Raj believes that the team will be a big surprise element in the 2018 ICC Women's World T20 in the West Indies.
The Indian eves scripted history with their double series win in a single tour to South Africa for the first time ever. Indian won the five-matchT20I series, 3-1 after winning the three-match ODI series, 2-1.
"The team still requires a lot of hard work in a lot of areas when it comes to the T20 format. We have been very good in the one-day format, but the way the girls have responded to this format in South Africa, I think there is a lot of scope that we can be a surprise element in the World T20," ESPNcricinfo quoted Raj as saying.
India bowled out the hosts on 112 in the decider T20I to win the match by 54 runs with their all-round performance. Opener Raj struck a quick-fire half-century in the game, which was her third half-ton in the T20I series.
"Now people back home are keen to watch on television, they want to know what the Indian women's team is doing in South Africa," Raj said of Indian crowd's perception of women's cricket. "It is just unfortunate the ODIs weren't televised but I am happy the T20s were televised and we have given a very good result," the 35-year-old added.
Raj, the highest run-scorer in women's international cricket, said that the team now has some strong players who could guide the side to victories. In the last match, Raj shared a 98-run stand with 17-year old Jemimah Rodrigues. Her opening partner Smriti Mandhana has also been a good support to her.
"I can at times take that initiative to try out a few strokes in the middle, without getting bothered if I get out. I am very happy that we have more than one or two match-winners in the squad. That makes it a very strong squad," Raj said.
India will next play a three-ODI series at home against Australia in March, followed by a T20 tri-series in Mumbai that also involves England.
Article Type:
Report
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T20
indian owmen's cricket team
Mithali Raj
South Africa
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Mumbai
Smriti Mandhana
West Indies
Sun, 25 Feb 2018-11:36pm
Date updated:
Sunday, 25 February 2018 - 11:36pm
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SAvIND, 5th T20: Mithali Raj stars as India complete historic series victory
Watch: Virat Kohli receives ICC Test Championship Mace, sends special message to fans
Wall stands tall: BCCI yields to Dravid's request of income parity among U-19 WC coaching staff
From Print Edition:
Highlights: Reported by DNA 3 hours ago.
The Indian eves scripted history with their double series win in a single tour to South Africa for the first time ever. Indian won the five-matchT20I series, 3-1 after winning the three-match ODI series, 2-1.
"The team still requires a lot of hard work in a lot of areas when it comes to the T20 format. We have been very good in the one-day format, but the way the girls have responded to this format in South Africa, I think there is a lot of scope that we can be a surprise element in the World T20," ESPNcricinfo quoted Raj as saying.
India bowled out the hosts on 112 in the decider T20I to win the match by 54 runs with their all-round performance. Opener Raj struck a quick-fire half-century in the game, which was her third half-ton in the T20I series.
"Now people back home are keen to watch on television, they want to know what the Indian women's team is doing in South Africa," Raj said of Indian crowd's perception of women's cricket. "It is just unfortunate the ODIs weren't televised but I am happy the T20s were televised and we have given a very good result," the 35-year-old added.
Raj, the highest run-scorer in women's international cricket, said that the team now has some strong players who could guide the side to victories. In the last match, Raj shared a 98-run stand with 17-year old Jemimah Rodrigues. Her opening partner Smriti Mandhana has also been a good support to her.
"I can at times take that initiative to try out a few strokes in the middle, without getting bothered if I get out. I am very happy that we have more than one or two match-winners in the squad. That makes it a very strong squad," Raj said.
India will next play a three-ODI series at home against Australia in March, followed by a T20 tri-series in Mumbai that also involves England.
Article Type:
Report
Sections:
Cricket
Sports
Agencies:
ANI
Tags:
Cricket
ODI
T20
indian owmen's cricket team
Mithali Raj
South Africa
Australia
England
Jemimah Rodrigues
Mumbai
Smriti Mandhana
West Indies
Sun, 25 Feb 2018-11:36pm
Date updated:
Sunday, 25 February 2018 - 11:36pm
Article Images:
Reuters
File Photo
Short URL:
dnai.in/fhu5
Embargo:
Syndicate:
Hide lead image:
Page views:
1
Related Articles:
SAvIND, 5th T20: Mithali Raj stars as India complete historic series victory
Watch: Virat Kohli receives ICC Test Championship Mace, sends special message to fans
Wall stands tall: BCCI yields to Dravid's request of income parity among U-19 WC coaching staff
From Print Edition:
Highlights: Reported by DNA 3 hours ago.
↧
Apple Australia airs four wedding-themed 'First Dance' ads for iPhone X
Apple this weekend premiered four new "Shot on iPhone" ads for the iPhone X in Australia, all themed around first dances at weddings.
Reported by AppleInsider 3 hours ago.
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The Terminator delivers £3bn hit to big banks as PPI costs rise further
The Terminator has inflicted a £3bn hit on Britain’s biggest banks after a national advertising campaign forced them to raise their estimates of the hit from the payment protection insurance (PPI) scandal.UK lenders have now said hasta la vista to £44.2bn in total, according to figures from think tank New City Agenda, with adverts from the Financial Conduct Authority (FCA) – starring an animatronic version of Hollywood star Arnold Schwarzenegger – forcing banks to re-evaluate the likely size of future payouts.
Last week Royal Bank of Scotland (RBS), Lloyds, Barclays and HSBC all announced hefty charges in their 2017 annual results, in part because of the rise in complaints following a television campaign.
*Read more*: Lloyds sheds its PPI shackles: Here's how five City analysts reacted
The FCA announced last August that the final deadline for compensation claims for people mis-sold PPI will be 29 August 2019.
The bill, which takes into account the billions already paid out as well as provisions for payments over the next year and a half, has mounted after the banks underestimated the amount people would claim.
RBS was the last of the big UK retail banks to report results last week, announcing an extra £175m in provisions on Friday.
Lloyds last week announced it had raised provisions by £1.7bn during the year, pushing its tally to £18.8bn since a seminal 2011 High Court ruling.
*Read more*: PPI complaints rocketed before the FCA launched its Arnie deadline campaign
Lloyds said the move reflects “increased complaint levels including the impact of the first FCA advertising campaign”, with other banks echoing its reasons for the increased costs.
If the FCA says “I’ll be back” with further advertising campaigns the toll on banks could rise further. The banks’ annual reports point to the uncertainty around future compensation claims as among “risk factors” which could leave a financial hole in the coming years.
For instance, RBS expects another 429,000 claims before the end of August 2019, on top of almost 2.4m thus far, but if its estimates are five per cent out it faces another £30m hit. If Barclays complaints estimates are out by nine per cent, the bank faces a further £100m in pain.
Last year analysts at investment bank Keefe, Bruyette and Woods flagged that CYBG, the owner of the Clydesdale and Yorkshire banks, may be particularly at risk if PPI payments outstrip an indemnity from its former owner National Australia Bank. CYBG reports its full-year results in November.
The latest FCA figures show the banks have already paid out £29.2bn in compensation, leaving almost £15bn left for the last rush of people who have still not claimed.
Barclays is the bank with the second largest total bill, at £9.3bn, while RBS has taken a £5.1bn hit followed by HSBC, on £3.4bn.
*Read more*: Banks face millions more PPI claims as FCA uses Arnie to arouse interest Reported by City A.M. 2 hours ago.
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Asia and Australia Edition: Xi Jinping, National Rifle Association, Syria: Your Monday Briefing
Here’s what you need to know to start your day.
Reported by NYTimes.com 1 hour ago.
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Wealth Migrate to present blockchain-based global real estate platform at Finovate Middle East
DUBAI, United Arab Emirates, Feb. 25, 2018 (GLOBE NEWSWIRE) -- Wealth Migrate, the blockchain-based global online real estate platform, has been selected to showcase its newest technology at Finovate Middle East 2018 (Dubai, February 26-27). Finovate is the premier demo-based conference for innovative start-ups and established companies in the banking, financial technology, and payments sectors.
Founded in 2010 by global fintech and real estate investors Scott Picken and Hennie Bezuidenhoudt, Wealth Migrate opens the opportunity for retail investors to collaboratively invest in international commercial real estate while simultaneously reducing complexity through its proprietary Global Investment Due Diligence System (GIDDS™). The platform simplifies the entire real estate discovery and transaction process from taxation and structuring through to meeting KYC and AML verification requirements for cross-border transactions.
“Since opening our new Dubai office this winter, we have seen a huge demand from investors in the region for recession resistant real estate in developed global market,” said Lee Rush, CEO at Wealth Migrate UAE. “Presenting at Finovate Middle East is a wonderful way for us to connect with other leaders and investors in the area.”
The company has already executed over 1,700 transactions to a value of $69.7 million with funds coming in from 44 countries. The total Deal Value of all projects stands at a value of $380 million.
“We are pleased and honoured to have been selected to present our technology at Finovate Middle East,” said Scott Picken, CEO Wealth Migrate. “Our platform, combined with our soon to be launched WealthE coin cryptocurrency, enables access to real estate investment opportunities previously accessible only to institutional investors and high net worth individuals. And importantly, our technology fosters a frictionless transaction environment while reducing middlemen costs and offering greater transparency, trust, security and compliance throughout the entire process.”
With a global footprint, Wealth Migrate helps its member community across 109 countries to invest internationally. The company recently opened new offices in the UK and UAE to add to the firm’s current operations in Australia, Hong Kong, Shanghai, South Africa and the USA.
Finovate Middle East, held in partnership with the United Arab Emirates Ministry of Finance will take place at the Madinat Jumeirah Conference and Events Centre, Dubai. Wealth Migrate’s on-stage demonstration will take place on the first day of the event, February 26, during Demo Session One.
To organise a meeting with the Wealth Migrate team connect here.
For more information please visit https://www.wealthmigrate.com/.
*MEDIA CONTACT:* wealthmigrate@transform.pr
*About Wealth Migrate*
Wealth Migrate is a global real estate investment marketplace that offers investors direct access to institutional grade real estate investment opportunities in premier markets around the world. Wealth Migrate’s mission is to empower people by providing access to quality real estate investments that were previously accessible only to high net worth individuals and institutional investors. Almost half of the world's wealth is held in real estate, but only 12.9% of the populations have the disposable income to access it. Through the Wealth Migrate platform investors benefit from the extensive experience of the Wealth Migrate executive team, which has collectively invested more than $1.4 billion for clients in international real estate transactions over the last three decades.
*About Finovate*
FinovateMiddleEast is Finovate's newest event which brings together the Middle East's fintech community to showcase cutting-edge banking, financial and payments technology. See the latest fintech innovations demoed live on stage and hear insights from global financial services experts.
For more information on the event or to view videos of previous demos visit *finovate.com* Reported by GlobeNewswire 1 hour ago.
Founded in 2010 by global fintech and real estate investors Scott Picken and Hennie Bezuidenhoudt, Wealth Migrate opens the opportunity for retail investors to collaboratively invest in international commercial real estate while simultaneously reducing complexity through its proprietary Global Investment Due Diligence System (GIDDS™). The platform simplifies the entire real estate discovery and transaction process from taxation and structuring through to meeting KYC and AML verification requirements for cross-border transactions.
“Since opening our new Dubai office this winter, we have seen a huge demand from investors in the region for recession resistant real estate in developed global market,” said Lee Rush, CEO at Wealth Migrate UAE. “Presenting at Finovate Middle East is a wonderful way for us to connect with other leaders and investors in the area.”
The company has already executed over 1,700 transactions to a value of $69.7 million with funds coming in from 44 countries. The total Deal Value of all projects stands at a value of $380 million.
“We are pleased and honoured to have been selected to present our technology at Finovate Middle East,” said Scott Picken, CEO Wealth Migrate. “Our platform, combined with our soon to be launched WealthE coin cryptocurrency, enables access to real estate investment opportunities previously accessible only to institutional investors and high net worth individuals. And importantly, our technology fosters a frictionless transaction environment while reducing middlemen costs and offering greater transparency, trust, security and compliance throughout the entire process.”
With a global footprint, Wealth Migrate helps its member community across 109 countries to invest internationally. The company recently opened new offices in the UK and UAE to add to the firm’s current operations in Australia, Hong Kong, Shanghai, South Africa and the USA.
Finovate Middle East, held in partnership with the United Arab Emirates Ministry of Finance will take place at the Madinat Jumeirah Conference and Events Centre, Dubai. Wealth Migrate’s on-stage demonstration will take place on the first day of the event, February 26, during Demo Session One.
To organise a meeting with the Wealth Migrate team connect here.
For more information please visit https://www.wealthmigrate.com/.
*MEDIA CONTACT:* wealthmigrate@transform.pr
*About Wealth Migrate*
Wealth Migrate is a global real estate investment marketplace that offers investors direct access to institutional grade real estate investment opportunities in premier markets around the world. Wealth Migrate’s mission is to empower people by providing access to quality real estate investments that were previously accessible only to high net worth individuals and institutional investors. Almost half of the world's wealth is held in real estate, but only 12.9% of the populations have the disposable income to access it. Through the Wealth Migrate platform investors benefit from the extensive experience of the Wealth Migrate executive team, which has collectively invested more than $1.4 billion for clients in international real estate transactions over the last three decades.
*About Finovate*
FinovateMiddleEast is Finovate's newest event which brings together the Middle East's fintech community to showcase cutting-edge banking, financial and payments technology. See the latest fintech innovations demoed live on stage and hear insights from global financial services experts.
For more information on the event or to view videos of previous demos visit *finovate.com* Reported by GlobeNewswire 1 hour ago.
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Alteryx Expands Reach by Acquiring Partner in Australia
IRVINE, Calif.--(BUSINESS WIRE)--Alteryx, Inc. (NYSE: AYX), revolutionizing business through data science and analytics, completes the acquisition of master distributor, Alteryx ANZ in Sydney, Australia. Alteryx continues to expand the footprint of its end-to-end data science and analytics platform and enterprises around the globe are requiring more local sales and marketing presence, in-market platform support and thought leadership in the region. This acquisition will allow Alteryx to build o
Reported by Business Wire 41 minutes ago.
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Life for bowlers is better away from 'frustrating' MCG wicket
Victorian quick Chris Tremain enjoyed getting away from the "frustrating" MCG wicket to claim 7-82 against Western Australia.
Reported by The Age 1 minute ago.
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What to watch on the ASX this week
The shares of Ramsay Health Care Limited (ASX:RHC), Bubs Australia Ltd (ASX:BUB), and QBE Insurance Group Ltd (ASX:QBE) will be on watch this week. Here's why...
Reported by Motley Fool 6 minutes ago.
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India's CWG-bound athletes to get Rs 50 lakh insurance cover
All the 227 Indian athletes who will take part in the coming Commonwealth Games in Gold Coast, Australia, will get a Rs 50 lakh insurance cover, it was announced on Monday.
Reported by Zee News 5 hours ago.
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Q&A recap: Tony Abbott still 'consumed' by loss to Turnbull
Australia has little interest in who occupies the Deputy PM post but Barnaby Joyce has changed that.
Reported by Brisbane Times 4 hours ago.
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Corestate Capital Holding S.A.'s free float to be expanded to 63.61%
DGAP-News: Joh. Berenberg, Gossler & Co. KG / Key word(s): Miscellaneous
26.02.2018 / 17:40
The issuer is solely responsible for the content of this announcement.
--------------------
*NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. *
PRESS RELEASE 26 February 2018
*Corestate Capital Holding S.A.'s free float to be expanded to 63.61%*
Ralph Winter, Founder of Corestate (also the "Company"), today announced that he followed the high demand from institutional investors and Corestate's ambition to increase liquidity in Corestate shares by launching an accelerated bookbuilding process to sell 2.08 million shares in Corestate (the "Transaction"). This represents about 9.75% of Corestate's issued share capital, resulting in Ralph Winter's remaining shareholding post transaction will be about 18%. Together with the other placement of today, Corestate Capital Holding S.A.'s free float is expanded to 63.61%.
Ralph Winter comments:
Corestate again exceeded its 2017 guidance with excellent numbers. The outlook for 2018 is promising and Corestate raised its financial forecast for 2018 (excluding possible further acquisitions). I am convinced that the recent high-quality hires to the management board will ensure that the Company will deliver an excellent performance in different market environments. But Corestate's share price is on average still 30% lower than the existing research price targets. To enable the share price to reflect this positive outlook and to achieve a valuation comparable to Corestate's peer group, the free float has to be expanded to more than 50%. For that reason, I have decided to increase liquidity in Corestate's shares by means of a placement to selected institutional long only investors. My long-term interest is to remain Corestate's largest shareholder and to benefit from the extraordinary upside potential of Corestate. To express my commitment and to underpin this approach I have signed a lock-up for 6 months.
Joh. Berenberg, Gossler & Co. KG ("Berenberg") will be acting as Sole Bookrunner in the Transaction. The Transaction is subject to certain customary conditions precedent.
The information was submitted for publication at 17:40 CET on 26 February 2018 by Ralph Winter.*Disclaimer*
This publication does not constitute a public offer of securities in Germany. It is not for publication or distribution, directly or indirectly, in or into the United States of America. This publication does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in the United States of America or in any other jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of Corestate Capital Holding S.A. ("Corestate Capital") described herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold within the United States of America, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable State laws. No public offering of any securities described herein will be made in the United States.
--------------------
26.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de -------------------- Reported by EQS Group 5 hours ago.
26.02.2018 / 17:40
The issuer is solely responsible for the content of this announcement.
--------------------
*NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. *
PRESS RELEASE 26 February 2018
*Corestate Capital Holding S.A.'s free float to be expanded to 63.61%*
Ralph Winter, Founder of Corestate (also the "Company"), today announced that he followed the high demand from institutional investors and Corestate's ambition to increase liquidity in Corestate shares by launching an accelerated bookbuilding process to sell 2.08 million shares in Corestate (the "Transaction"). This represents about 9.75% of Corestate's issued share capital, resulting in Ralph Winter's remaining shareholding post transaction will be about 18%. Together with the other placement of today, Corestate Capital Holding S.A.'s free float is expanded to 63.61%.
Ralph Winter comments:
Corestate again exceeded its 2017 guidance with excellent numbers. The outlook for 2018 is promising and Corestate raised its financial forecast for 2018 (excluding possible further acquisitions). I am convinced that the recent high-quality hires to the management board will ensure that the Company will deliver an excellent performance in different market environments. But Corestate's share price is on average still 30% lower than the existing research price targets. To enable the share price to reflect this positive outlook and to achieve a valuation comparable to Corestate's peer group, the free float has to be expanded to more than 50%. For that reason, I have decided to increase liquidity in Corestate's shares by means of a placement to selected institutional long only investors. My long-term interest is to remain Corestate's largest shareholder and to benefit from the extraordinary upside potential of Corestate. To express my commitment and to underpin this approach I have signed a lock-up for 6 months.
Joh. Berenberg, Gossler & Co. KG ("Berenberg") will be acting as Sole Bookrunner in the Transaction. The Transaction is subject to certain customary conditions precedent.
The information was submitted for publication at 17:40 CET on 26 February 2018 by Ralph Winter.*Disclaimer*
This publication does not constitute a public offer of securities in Germany. It is not for publication or distribution, directly or indirectly, in or into the United States of America. This publication does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in the United States of America or in any other jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of Corestate Capital Holding S.A. ("Corestate Capital") described herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold within the United States of America, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable State laws. No public offering of any securities described herein will be made in the United States.
--------------------
26.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de -------------------- Reported by EQS Group 5 hours ago.
↧
↧
Corestate Capital Holding S.A.'s free float is expanded to 63.61%
DGAP-News: Joh. Berenberg, Gossler & Co. KG / Key word(s): Miscellaneous
26.02.2018 / 17:40
The issuer is solely responsible for the content of this announcement.
--------------------
*NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. *
PRESS RELEASE 26 February 2018
*Corestate Capital Holding S.A.'s free float is expanded to 63.61%*
Graf M. zu Hoensbroech today announced that he followed the high demand from institutional investors and Corestate's ambition to increase liquidity by launching an accelerated bookbuilding process of 2,076,093 million shares (the "Transaction").
This represents about 9.75% of Corestate's issued share capital, resulting in Graf M. zu Hoensbroech having sold his entire stake in Corestate. Together with the other placement of today, Corestate Capital Holding S.A.'s free float is expanded to 63.61%.
Joh. Berenberg, Gossler & Co. KG ("Berenberg") will be acting as Sole Bookrunner in the Transaction. The Transaction is subject to certain customary conditions precedent.
The information was submitted for publication at 17:40 CET on 26 February 2018 by Graf M. zu Hoensbroech.
*Disclaimer*
This publication does not constitute a public offer of securities in Germany. It is not for publication or distribution, directly or indirectly, in or into the United States of America. This publication does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in the United States of America or in any other jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of Corestate Capital Holding S.A. ("Corestate Capital") described herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold within the United States of America, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable State laws. No public offering of any securities described herein will be made in the United States.
--------------------
26.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de -------------------- Reported by EQS Group 5 hours ago.
26.02.2018 / 17:40
The issuer is solely responsible for the content of this announcement.
--------------------
*NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. *
PRESS RELEASE 26 February 2018
*Corestate Capital Holding S.A.'s free float is expanded to 63.61%*
Graf M. zu Hoensbroech today announced that he followed the high demand from institutional investors and Corestate's ambition to increase liquidity by launching an accelerated bookbuilding process of 2,076,093 million shares (the "Transaction").
This represents about 9.75% of Corestate's issued share capital, resulting in Graf M. zu Hoensbroech having sold his entire stake in Corestate. Together with the other placement of today, Corestate Capital Holding S.A.'s free float is expanded to 63.61%.
Joh. Berenberg, Gossler & Co. KG ("Berenberg") will be acting as Sole Bookrunner in the Transaction. The Transaction is subject to certain customary conditions precedent.
The information was submitted for publication at 17:40 CET on 26 February 2018 by Graf M. zu Hoensbroech.
*Disclaimer*
This publication does not constitute a public offer of securities in Germany. It is not for publication or distribution, directly or indirectly, in or into the United States of America. This publication does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in the United States of America or in any other jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of Corestate Capital Holding S.A. ("Corestate Capital") described herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold within the United States of America, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable State laws. No public offering of any securities described herein will be made in the United States.
--------------------
26.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de -------------------- Reported by EQS Group 5 hours ago.
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Watch Car Seat Headrest Cover Frank Ocean's 'White Ferrari'
Car Seat Headrest performed last night (Feb. 24) in Perth, Australia, and midway through their set, the band covered Frank...
Reported by Billboard.com 3 hours ago.
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Newcrest to Acquire Indirect 19.9% Interest in El Cobre Through Investment of CAD$19 Million; Almadex to Spin-Out Mineral Exploration and Royalty Assets
VANCOUVER, British Columbia, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Almadex Minerals Limited ("Almadex" or the "Company") (TSX-V:AMZ) (OTCQX:AXDDF) is pleased to announce that its Board of Directors has unanimously approved a strategic reorganization of its business. Almadex's early stage exploration projects, royalty interests and certain other non-core assets will be transferred to a newly incorporated company (“Spinco”). Almadex shareholders will receive shares in Spinco in proportion to their shareholdings in Almadex (the “Spin-out”). Spinco will hold the following key assets:· a portfolio consisting of interests in 18 exploration projects;
· a 1.75% Net Smelter Return (“NSR”) royalty on the Company’s El Cobre property in Mexico;
· a 2% NSR royalty on the Tuligtic property in Mexico, which hosts the Ixtaca gold-silver development project which is operated by Almaden Minerals Ltd.;
· a portfolio of 15 additional NSR royalties on exploration projects in Mexico, Canada and the United States identified through the Company’s past prospect generator activities;
· up to 4 million shares of Almadex; and,
· at a minimum, sufficient working capital to satisfy stock exchange requirements.
The El Cobre gold/copper porphyry project will remain in Almadex.
As part of the reorganization, Almadex's current shareholders will receive shares of Spinco by way of a share exchange, pursuant to which each existing share of Almadex is exchanged for one “new” share of Almadex and one share of Spinco.
Warrantholders and optionholders of Almadex will receive warrants and options, respectively, of Spinco which are proportionate to, and reflective of the terms of, their existing warrants and options, respectively. The reorganization will be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia). The Company intends to apply for a listing of the shares of Spinco on the TSX Venture Exchange ("TSX-V"). Any such listing will be subject to Spinco fulfilling all of the requirements of the TSX-V.
The Company is undertaking the reorganization in order to focus on the development of its El Cobre gold-copper porphyry project, which is located in the state of Veracruz, Mexico. The spinout transaction allows the Company to raise funding necessary to advance the El Cobre project without diluting shareholders’ interests in the other assets in the portfolio (see details on the Newcrest private placement below). The spin-out transaction should also unlock value for a group of assets that have gone largely unrecognized by allowing the market to value the Company's El Cobre project independently of its early stage mineral exploration and royalty business. In addition to allowing the Company to continue to focus efforts on developing El Cobre, the Company is confident that having a separately funded and managed mineral exploration and royalty business will accelerate development of the exploration projects in Spinco.
Spinco will be managed by Almadex’s current team of officers and its Board of Directors will initially be comprised of the same individuals as the Company’s board.
The strategic reorganization remains conditional on the approval of final documentation by the Board of Directors of Almadex, approval of the strategic reorganization by the TSX-V, approval by an affirmative vote of 66 2/3% of shareholders of Almadex in attendance at a shareholders’ meeting, and approval of the Supreme Court of British Columbia, among other things.
Additional details of the spin-out transaction will be included in an information circular to be mailed to shareholders of Almadex in March 2018 in connection with the Company’s shareholders meeting referred to above. That shareholders’ meeting is expected to be held in April 2018 and the strategic reorganization is expected to close in May 2018.
*Investment by Newcrest Mining Limited*
The Company is also pleased to report that it has entered into a subscription agreement with Newcrest International Pty Ltd, a wholly owned subsidiary of Newcrest Mining Limited (“Newcrest”) (ASX:NCM) pursuant to which Newcrest has agreed to acquire 14,025,312 Common Shares of Almadex by way of a non-brokered private placement at a price of $1.36 per share for aggregate gross proceeds of $19,074,425 (the “Private Placement”). The Private Placement will close in conjunction with the proposed spinout transaction referred to above, subject to customary conditions of closing including the completion of the Spin-out transaction. Newcrest has completed its due diligence in regards to the Private Placement. Upon completion of the Private Placement, Newcrest will hold 19.9% of the issued shares of Almadex, and will have no ownership interest in Spinco.
Newcrest is one of the world’s largest gold mining companies, operating mines in Australia and Asia–Pacific and Africa regions. Newcrest has extensive experience developing and operating successful mines in culturally and geographically diverse environments, and also seeks to identify and secure large mineral districts, or provinces, in order to establish long term mining operations. Newcrest has extensive experience in exploring and operating gold and copper porphyry deposits through its ownership of the Cadia Hill operation in NSW, Australia, and its interest in the Wafi-Golpu project in Papua New Guinea.
J. Duane Poliquin, Chairman of Almadex, commented, “Participation of Newcrest in El Cobre further validates the potential of the district and enables Almadex to conduct the work program at El Cobre which our recent programs have clearly demonstrated is justified. We look forward to working with Newcrest which has extensive experience internationally in similar geological environments as we conduct further exploration at El Cobre”.
The subscription agreement contemplates that Newcrest and the Company will enter into an investor rights agreement providing, among other things, a standstill and lock-up on customary terms and conditions, participation rights in favour of Newcrest to maintain its pro-rata interest in the Company, and the right of Newcrest to designate one nominee to the board of directors of Almadex.
*About Almadex*
Almadex Minerals Limited is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of over 35 years of prospecting and deal-making by Almadex's predecessor company, Almaden Minerals Ltd. Almadex is currently focused on exploration at its El Cobre gold/copper porphyry project in Veracruz, Mexico, in which it holds a 100% interest, subject to a sliding-scale net smelter returns royalty (“NSR”) equivalent to 0.5% in the event that production from the property exceeds 10,001 tonnes per day of ore. This NSR can be reduced to 0.25% at this production rate through the payment of US$3.0 million.
On behalf of the Board of Directors,
“Morgan Poliquin”
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almadex Minerals Limited
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.
Contact Information:
Almadex Minerals Limited
Tel. 604.689.7644
Email: info@almadexminerals.com
http://www.almadexminerals.com/ Reported by GlobeNewswire 4 hours ago.
· a 1.75% Net Smelter Return (“NSR”) royalty on the Company’s El Cobre property in Mexico;
· a 2% NSR royalty on the Tuligtic property in Mexico, which hosts the Ixtaca gold-silver development project which is operated by Almaden Minerals Ltd.;
· a portfolio of 15 additional NSR royalties on exploration projects in Mexico, Canada and the United States identified through the Company’s past prospect generator activities;
· up to 4 million shares of Almadex; and,
· at a minimum, sufficient working capital to satisfy stock exchange requirements.
The El Cobre gold/copper porphyry project will remain in Almadex.
As part of the reorganization, Almadex's current shareholders will receive shares of Spinco by way of a share exchange, pursuant to which each existing share of Almadex is exchanged for one “new” share of Almadex and one share of Spinco.
Warrantholders and optionholders of Almadex will receive warrants and options, respectively, of Spinco which are proportionate to, and reflective of the terms of, their existing warrants and options, respectively. The reorganization will be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia). The Company intends to apply for a listing of the shares of Spinco on the TSX Venture Exchange ("TSX-V"). Any such listing will be subject to Spinco fulfilling all of the requirements of the TSX-V.
The Company is undertaking the reorganization in order to focus on the development of its El Cobre gold-copper porphyry project, which is located in the state of Veracruz, Mexico. The spinout transaction allows the Company to raise funding necessary to advance the El Cobre project without diluting shareholders’ interests in the other assets in the portfolio (see details on the Newcrest private placement below). The spin-out transaction should also unlock value for a group of assets that have gone largely unrecognized by allowing the market to value the Company's El Cobre project independently of its early stage mineral exploration and royalty business. In addition to allowing the Company to continue to focus efforts on developing El Cobre, the Company is confident that having a separately funded and managed mineral exploration and royalty business will accelerate development of the exploration projects in Spinco.
Spinco will be managed by Almadex’s current team of officers and its Board of Directors will initially be comprised of the same individuals as the Company’s board.
The strategic reorganization remains conditional on the approval of final documentation by the Board of Directors of Almadex, approval of the strategic reorganization by the TSX-V, approval by an affirmative vote of 66 2/3% of shareholders of Almadex in attendance at a shareholders’ meeting, and approval of the Supreme Court of British Columbia, among other things.
Additional details of the spin-out transaction will be included in an information circular to be mailed to shareholders of Almadex in March 2018 in connection with the Company’s shareholders meeting referred to above. That shareholders’ meeting is expected to be held in April 2018 and the strategic reorganization is expected to close in May 2018.
*Investment by Newcrest Mining Limited*
The Company is also pleased to report that it has entered into a subscription agreement with Newcrest International Pty Ltd, a wholly owned subsidiary of Newcrest Mining Limited (“Newcrest”) (ASX:NCM) pursuant to which Newcrest has agreed to acquire 14,025,312 Common Shares of Almadex by way of a non-brokered private placement at a price of $1.36 per share for aggregate gross proceeds of $19,074,425 (the “Private Placement”). The Private Placement will close in conjunction with the proposed spinout transaction referred to above, subject to customary conditions of closing including the completion of the Spin-out transaction. Newcrest has completed its due diligence in regards to the Private Placement. Upon completion of the Private Placement, Newcrest will hold 19.9% of the issued shares of Almadex, and will have no ownership interest in Spinco.
Newcrest is one of the world’s largest gold mining companies, operating mines in Australia and Asia–Pacific and Africa regions. Newcrest has extensive experience developing and operating successful mines in culturally and geographically diverse environments, and also seeks to identify and secure large mineral districts, or provinces, in order to establish long term mining operations. Newcrest has extensive experience in exploring and operating gold and copper porphyry deposits through its ownership of the Cadia Hill operation in NSW, Australia, and its interest in the Wafi-Golpu project in Papua New Guinea.
J. Duane Poliquin, Chairman of Almadex, commented, “Participation of Newcrest in El Cobre further validates the potential of the district and enables Almadex to conduct the work program at El Cobre which our recent programs have clearly demonstrated is justified. We look forward to working with Newcrest which has extensive experience internationally in similar geological environments as we conduct further exploration at El Cobre”.
The subscription agreement contemplates that Newcrest and the Company will enter into an investor rights agreement providing, among other things, a standstill and lock-up on customary terms and conditions, participation rights in favour of Newcrest to maintain its pro-rata interest in the Company, and the right of Newcrest to designate one nominee to the board of directors of Almadex.
*About Almadex*
Almadex Minerals Limited is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of over 35 years of prospecting and deal-making by Almadex's predecessor company, Almaden Minerals Ltd. Almadex is currently focused on exploration at its El Cobre gold/copper porphyry project in Veracruz, Mexico, in which it holds a 100% interest, subject to a sliding-scale net smelter returns royalty (“NSR”) equivalent to 0.5% in the event that production from the property exceeds 10,001 tonnes per day of ore. This NSR can be reduced to 0.25% at this production rate through the payment of US$3.0 million.
On behalf of the Board of Directors,
“Morgan Poliquin”
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almadex Minerals Limited
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.
Contact Information:
Almadex Minerals Limited
Tel. 604.689.7644
Email: info@almadexminerals.com
http://www.almadexminerals.com/ Reported by GlobeNewswire 4 hours ago.
↧
Philips Lighting intends to repurchase 2.2 million shares from Royal Philips
Press Release
February 26, 2018
*Philips Lighting intends to repurchase **2.2** million shares from Royal Philips*
*Eindhoven, the Netherlands* - Philips Lighting (Euronext: LIGHT), the world leader in lighting, today announces that it intends to repurchase 2.2 million of its ordinary shares from Royal Philips. Today Royal Philips announced its intention to offer approximately 16.2 million shares in Philips Lighting, currently owned by Royal Philips, to institutional investors by means of an accelerated bookbuild offering (the "Offering"). The Offering represents approximately 11.6% of Philips Lighting's issued share capital. Philips Lighting will not receive any proceeds from the sale.
As part of this transaction, Philips Lighting has committed to participating in the Offering and placing an order to repurchase 2.2 million shares, up to a maximum of 25% of the total number of shares in the Offering (including the repurchase). Royal Philips will allocate Philips Lighting's order in whole. The share repurchase is subject to the satisfaction or Philips Lighting's waiver of a number of conditions, including the successful completion of the Offering and an offer price not exceeding today's closing price of the ordinary shares. Philips Lighting intends to cancel these shares.
The repurchase will be financed from Philips Lighting's own funds and is in line with its previously announced intention to repurchase shares for an amount of up to EUR 150 million by participating in share disposals by Royal Philips in 2018.
Royal Philips holds approximately 41.5 million shares in Philips Lighting's issued share capital, representing 29.59%. If all offered shares are sold, this shareholding will be reduced to approximately 18.0%. After cancellation of the 2.2 million shares that Philips Lighting intends to repurchase in the Offering, Royal Philips' shareholding in Philips Lighting is expected to represent 18.3% of Philips Lighting's issued share capital.
The offer price and final number of shares sold will be determined by Royal Philips at the conclusion of the bookbuilding process and will be announced by Royal Philips and Philips Lighting in separate press releases. The transaction is expected to settle on March 1, 2018.
Royal Philips has announced that it agreed to a lock-up in respect of its remaining stake in Philips Lighting until the publication of Philips Lighting's Q1 results on April 26, 2018 (subject to limited exemptions and the joint bookrunners' customary right to waive the lock-up restrictions).
*For further information, please contact:*
*Philips Lighting Investor Relations*
Robin Jansen
Tel: +31 6 1594 4569
E-mail: robin.j.jansen@philips.com
*Philips Lighting Corporate Communications*
Elco van Groningen
Tel: +31 6 1086 5519
E-mail: elco.van.groningen@philips.com
*About Philips Lighting*
Philips Lighting (Euronext: LIGHT), the world leader in lighting products, systems and services, delivers innovations that unlock business value, providing rich user experiences that help improve lives. Serving professional and consumer markets, we lead the industry in leveraging the Internet of Things to transform homes, buildings and urban spaces. With 2017 sales of EUR 7.0 billion, we have approximately 32,000 employees in over 70 countries. News from Philips Lighting is located at the Newsroom, Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.
Link to PDF
*Important Notice*
This press release is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"). The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.
This press release is for information purposes only and does not constitute an offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities or investment advice in any jurisdiction in which such an offer or solicitation is unlawful, including without limitation, the United States, Australia, Canada or Japan. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.
This press release does not constitute (i) a public offer of securities in the Netherlands, (ii) a prospectus within the meaning of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht) or (iii) an offer to acquire securities. No prospectus in accordance with the Prospectus Directive (as defined below), is required in respect of the Offering and no prospectus, offering circular or similar document will be prepared. Any investment decision in connection with the Offering must be made on the basis of all publicly available information relating to Philips Lighting and the offered shares. Such information has not been independently verified by the joint bookrunners.
The securities being offered have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or under any applicable securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in the United States unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration requirements and in accordance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the securities discussed herein is being made in the United States.
The Offering is directed only at the following persons (all such persons together being "Relevant Persons"):
1. in member states of the European Economic Area (the "EEA") to persons who are "qualified investors" within the meaning of Article 2(1)(e) of the EU Prospectus Directive (Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in the relevant member state of the EEA (the "Prospectus Directive)) and includes any relevant implementing measure in each relevant member state of the EEA) (the "Qualified Investors");
2. in the United Kingdom, to Qualified Investors who are persons who (i) have professional experience in matters relating to investments and who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended); or (ii) who are high net worth entities falling within Article 49 of the Order 2005 (as amended); and
3. outside the EEA to other persons to whom it may otherwise lawfully be communicated.
If you are not a Relevant Person, you will not be eligible to participate in the Offering, and you should not act upon, or rely on, this press release.
*Market Abuse Regulation *
This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Reported by GlobeNewswire 4 hours ago.
February 26, 2018
*Philips Lighting intends to repurchase **2.2** million shares from Royal Philips*
*Eindhoven, the Netherlands* - Philips Lighting (Euronext: LIGHT), the world leader in lighting, today announces that it intends to repurchase 2.2 million of its ordinary shares from Royal Philips. Today Royal Philips announced its intention to offer approximately 16.2 million shares in Philips Lighting, currently owned by Royal Philips, to institutional investors by means of an accelerated bookbuild offering (the "Offering"). The Offering represents approximately 11.6% of Philips Lighting's issued share capital. Philips Lighting will not receive any proceeds from the sale.
As part of this transaction, Philips Lighting has committed to participating in the Offering and placing an order to repurchase 2.2 million shares, up to a maximum of 25% of the total number of shares in the Offering (including the repurchase). Royal Philips will allocate Philips Lighting's order in whole. The share repurchase is subject to the satisfaction or Philips Lighting's waiver of a number of conditions, including the successful completion of the Offering and an offer price not exceeding today's closing price of the ordinary shares. Philips Lighting intends to cancel these shares.
The repurchase will be financed from Philips Lighting's own funds and is in line with its previously announced intention to repurchase shares for an amount of up to EUR 150 million by participating in share disposals by Royal Philips in 2018.
Royal Philips holds approximately 41.5 million shares in Philips Lighting's issued share capital, representing 29.59%. If all offered shares are sold, this shareholding will be reduced to approximately 18.0%. After cancellation of the 2.2 million shares that Philips Lighting intends to repurchase in the Offering, Royal Philips' shareholding in Philips Lighting is expected to represent 18.3% of Philips Lighting's issued share capital.
The offer price and final number of shares sold will be determined by Royal Philips at the conclusion of the bookbuilding process and will be announced by Royal Philips and Philips Lighting in separate press releases. The transaction is expected to settle on March 1, 2018.
Royal Philips has announced that it agreed to a lock-up in respect of its remaining stake in Philips Lighting until the publication of Philips Lighting's Q1 results on April 26, 2018 (subject to limited exemptions and the joint bookrunners' customary right to waive the lock-up restrictions).
*For further information, please contact:*
*Philips Lighting Investor Relations*
Robin Jansen
Tel: +31 6 1594 4569
E-mail: robin.j.jansen@philips.com
*Philips Lighting Corporate Communications*
Elco van Groningen
Tel: +31 6 1086 5519
E-mail: elco.van.groningen@philips.com
*About Philips Lighting*
Philips Lighting (Euronext: LIGHT), the world leader in lighting products, systems and services, delivers innovations that unlock business value, providing rich user experiences that help improve lives. Serving professional and consumer markets, we lead the industry in leveraging the Internet of Things to transform homes, buildings and urban spaces. With 2017 sales of EUR 7.0 billion, we have approximately 32,000 employees in over 70 countries. News from Philips Lighting is located at the Newsroom, Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.
Link to PDF
*Important Notice*
This press release is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"). The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.
This press release is for information purposes only and does not constitute an offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities or investment advice in any jurisdiction in which such an offer or solicitation is unlawful, including without limitation, the United States, Australia, Canada or Japan. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.
This press release does not constitute (i) a public offer of securities in the Netherlands, (ii) a prospectus within the meaning of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht) or (iii) an offer to acquire securities. No prospectus in accordance with the Prospectus Directive (as defined below), is required in respect of the Offering and no prospectus, offering circular or similar document will be prepared. Any investment decision in connection with the Offering must be made on the basis of all publicly available information relating to Philips Lighting and the offered shares. Such information has not been independently verified by the joint bookrunners.
The securities being offered have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or under any applicable securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in the United States unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration requirements and in accordance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the securities discussed herein is being made in the United States.
The Offering is directed only at the following persons (all such persons together being "Relevant Persons"):
1. in member states of the European Economic Area (the "EEA") to persons who are "qualified investors" within the meaning of Article 2(1)(e) of the EU Prospectus Directive (Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in the relevant member state of the EEA (the "Prospectus Directive)) and includes any relevant implementing measure in each relevant member state of the EEA) (the "Qualified Investors");
2. in the United Kingdom, to Qualified Investors who are persons who (i) have professional experience in matters relating to investments and who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended); or (ii) who are high net worth entities falling within Article 49 of the Order 2005 (as amended); and
3. outside the EEA to other persons to whom it may otherwise lawfully be communicated.
If you are not a Relevant Person, you will not be eligible to participate in the Offering, and you should not act upon, or rely on, this press release.
*Market Abuse Regulation *
This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Reported by GlobeNewswire 4 hours ago.
↧
↧
Water Intelligence signs big contract with Australian water utility
Multinational provider of precision, minimally-invasive leak detection and remediation solutions, Water Intelligence, announced a contract between its Sydney, Australia corporate location and Hunte...
Reported by FinanzNachrichten.de 4 hours ago.
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Sport24.co.za | Waugh: Aussie attack 'best in the world'
Former captain Steve Waugh believes Australia's bowling attack is the best in the world heading into their tour of South Africa.
Reported by News24 4 hours ago.
↧
NEW REPORT: Worldwide spending on legal cannabis will reach $57 billion by 2027
Oakland, CA, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Worldwide consumer spending on legal cannabis is projected to reach $57 billion by 2027, according to the “The Road Map to a $57 Billion Worldwide Market” report released today by Arcview Market Research, in partnership with BDS Analytics. The report also predicts that adult-use cannabis will make up the majority of spending totaling $38.3 billion, while medical spending will reach $19.1 billion.
North America will continue to represent the largest spending volume, growing from $9.2 billion in 2017 to $47.3 billion in 2027, but due to the massive size of the market, the growth rates remain relatively low at a compound annual growth rate (CAGR) of 18%. The largest growth is expected to occur within the Rest of World (RoW) markets, where spending is forecast to grow from $52 million in 2017 to $2.5 billion in 2027 for a CAGR of 47%.
While the adult-use market is expected to dominate in North America, the medical market will have advantages overseas due to government subsidized health systems covering cost for patients. The report also notes that Europe, which has 739 million people and more than $1.5 trillion in healthcare spending, has the potential to be the largest medical cannabis market in the world.
“Outside the United States and Canada, it will be almost wholly a medical-only business until the United Nations revamps the 1961 Single Convention on Narcotic Drugs, which will likely only come after the United States’ Federal Government ends prohibition, which we don’t expect until 2021,” said Troy Dayton, CEO of The Arcview Group.
“California gets the media attention and Canada gets the investment dollars as they allow adult use, but Germany’s move to make cannabis flower available for medical use in pharmacies was really the big news of 2017 from a worldwide perspective” said Tom Adams, Editor-in-Chief at Arcview Market Research and Principal Analyst at BDS Analytics. “The tables have turned in favor of legalization across the world and we predict that the trend will spread as research continues to support cannabis’ effectiveness as a medication.”
The 65-page report is available for $297, or as part of the 8-part Cannabis Intelligence Briefing subscription service from Arcview Market Research and BDS Analytics for $1975.
Among other findings, “The Road Map to a $57 Billion Worldwide Market” reveals:
· Initially, the decision by many US states and Canada to launch medical-only regulatory regimes prompted many other countries to allow limited access to cannabis-based pharmaceuticals. But, now, California’s and Canada’s willingness to move on to adult-use legality has triggered a new wave of laws liberalizing access to medical cannabis.
· South America medical markets are some of the most liberally licensed in the world. The continent’s legal spending is set to grow from $125 million in 2018 to $776 million in 2027, led by Brazil, Argentina, Uruguay (the only country in the world in which adult use is legal today), and Peru.
· Germany positioned itself as the leader of the European market, while Italy is expected to be the second-ranked cannabis market on the continent with $1.2 billion in sales by 2027.
· Total legal cannabis spending in Australia is forecast to grow from $52 million in 2018 to $1.2 billion in 2027, a CAGR of 53%, making is the 5th largest market in the world.
· Israel’s long history of legal medical use has fostered a sizable regulated market for such a modest population, but it leads other countries by years in the development of cannabis pharmaceutical applications.
· The success of the Canadian system of Licensed Producers and mail-only distribution, as evidenced by the country’s willingness to move on to adult-use legality, has prompted a new wave of laws liberalizing access to medical cannabis. Canada is one of the few countries where investors have been confident enough in the legality of the industry to pour billions of dollars into public equity investments, helping companies to grow rapidly.
For more information, to purchase “The Road Map to a $57 Billion Worldwide Market” report or to sign up for the Cannabis Intelligence Briefing series, please visit arcviewgroup.com/research.
*About The Arcview Group:*
Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network includes more than 600 accredited investors who have put more than $150 million behind 160 companies. Arcview Market Research has published the State of Legal Marijuana Markets since 2011 and it has become the most oft-cited data in the sector. In 2017, Arcview Market Research partnered with BDS Analytics to add more robust point-of-sale data and consumer insights to its offerings. In 2015 Arcview became a partner in Canopy, the first seed-stage mentor-driven business accelerator. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. Forbes Magazine recently named Arcview among the top 5 financial firms in the cannabis sector.
* *
*About BDS Analytics:*
Headquartered in Boulder, Colo., BDS Analytics provides cannabis brands, cultivators, producers, dispensaries, and investors with comprehensive, actionable, and accurate industry research. The company provides a holistic understanding of the cannabis market by producing insights from dispensary point-of-sale systems through its market-leading GreenEdge^TM platform, driving consumer research with its Cannabis Insights Group. To learn more about how you can utilize BDS Analytics' superior data and insights, please visit www.bdsanalytics.com*.*
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/65de4aa5-b33e-4041-b69d-50d3ce3f5229
CONTACT: Abby Benjamin
The Arcview Group
abbybenjamin@arcviewgroup.com Reported by GlobeNewswire 4 hours ago.
North America will continue to represent the largest spending volume, growing from $9.2 billion in 2017 to $47.3 billion in 2027, but due to the massive size of the market, the growth rates remain relatively low at a compound annual growth rate (CAGR) of 18%. The largest growth is expected to occur within the Rest of World (RoW) markets, where spending is forecast to grow from $52 million in 2017 to $2.5 billion in 2027 for a CAGR of 47%.
While the adult-use market is expected to dominate in North America, the medical market will have advantages overseas due to government subsidized health systems covering cost for patients. The report also notes that Europe, which has 739 million people and more than $1.5 trillion in healthcare spending, has the potential to be the largest medical cannabis market in the world.
“Outside the United States and Canada, it will be almost wholly a medical-only business until the United Nations revamps the 1961 Single Convention on Narcotic Drugs, which will likely only come after the United States’ Federal Government ends prohibition, which we don’t expect until 2021,” said Troy Dayton, CEO of The Arcview Group.
“California gets the media attention and Canada gets the investment dollars as they allow adult use, but Germany’s move to make cannabis flower available for medical use in pharmacies was really the big news of 2017 from a worldwide perspective” said Tom Adams, Editor-in-Chief at Arcview Market Research and Principal Analyst at BDS Analytics. “The tables have turned in favor of legalization across the world and we predict that the trend will spread as research continues to support cannabis’ effectiveness as a medication.”
The 65-page report is available for $297, or as part of the 8-part Cannabis Intelligence Briefing subscription service from Arcview Market Research and BDS Analytics for $1975.
Among other findings, “The Road Map to a $57 Billion Worldwide Market” reveals:
· Initially, the decision by many US states and Canada to launch medical-only regulatory regimes prompted many other countries to allow limited access to cannabis-based pharmaceuticals. But, now, California’s and Canada’s willingness to move on to adult-use legality has triggered a new wave of laws liberalizing access to medical cannabis.
· South America medical markets are some of the most liberally licensed in the world. The continent’s legal spending is set to grow from $125 million in 2018 to $776 million in 2027, led by Brazil, Argentina, Uruguay (the only country in the world in which adult use is legal today), and Peru.
· Germany positioned itself as the leader of the European market, while Italy is expected to be the second-ranked cannabis market on the continent with $1.2 billion in sales by 2027.
· Total legal cannabis spending in Australia is forecast to grow from $52 million in 2018 to $1.2 billion in 2027, a CAGR of 53%, making is the 5th largest market in the world.
· Israel’s long history of legal medical use has fostered a sizable regulated market for such a modest population, but it leads other countries by years in the development of cannabis pharmaceutical applications.
· The success of the Canadian system of Licensed Producers and mail-only distribution, as evidenced by the country’s willingness to move on to adult-use legality, has prompted a new wave of laws liberalizing access to medical cannabis. Canada is one of the few countries where investors have been confident enough in the legality of the industry to pour billions of dollars into public equity investments, helping companies to grow rapidly.
For more information, to purchase “The Road Map to a $57 Billion Worldwide Market” report or to sign up for the Cannabis Intelligence Briefing series, please visit arcviewgroup.com/research.
*About The Arcview Group:*
Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network includes more than 600 accredited investors who have put more than $150 million behind 160 companies. Arcview Market Research has published the State of Legal Marijuana Markets since 2011 and it has become the most oft-cited data in the sector. In 2017, Arcview Market Research partnered with BDS Analytics to add more robust point-of-sale data and consumer insights to its offerings. In 2015 Arcview became a partner in Canopy, the first seed-stage mentor-driven business accelerator. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. Forbes Magazine recently named Arcview among the top 5 financial firms in the cannabis sector.
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*About BDS Analytics:*
Headquartered in Boulder, Colo., BDS Analytics provides cannabis brands, cultivators, producers, dispensaries, and investors with comprehensive, actionable, and accurate industry research. The company provides a holistic understanding of the cannabis market by producing insights from dispensary point-of-sale systems through its market-leading GreenEdge^TM platform, driving consumer research with its Cannabis Insights Group. To learn more about how you can utilize BDS Analytics' superior data and insights, please visit www.bdsanalytics.com*.*
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/65de4aa5-b33e-4041-b69d-50d3ce3f5229
CONTACT: Abby Benjamin
The Arcview Group
abbybenjamin@arcviewgroup.com Reported by GlobeNewswire 4 hours ago.
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