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New Book "Build A Business You Love" By Ramsey Solutions CEO and Bestselling Author Dave Ramsey Hits Store Shelves Today - ForexTV
The EntreLeadership Road Map That Takes The Guesswork Out of Growing Your BusinessNashville, Tennessee, April 15, 2025 (GLOBE NEWSWIRE) -- “Build a Business You Love,” the new book by Ramsey Solutions CEO and bestselling author Dave Ramsey, is now available in stores. Published by Ramsey Press (ISBN: 979-8887820422), the book retails for $29.99. In “Build a Business You Love,” Dave Ramsey shares his 30-plus years of building a business from a one-man operation to a $250 million-a-year company with over 1,000 employees and a nationally recognized brand. The book draws on Ramsey’s hard-earned lessons, equipping readers at every stage of business to grow themselves, lead their teams and scale their businesses. “Running a business is the hardest thing you’ll ever do, but it can also be the greatest thing you’ve ever done,” said Ramsey. “If you’re not careful, you can wind up hating what you’re trying to build. I’m a guy who’s lived it and made it work — someone who’s messed up a lot and gotten back up after being knocked down. This book isn’t theory. It’s the blueprint for building something you can be proud of.” To help entrepreneurs understand and navigate their journey, Ramsey breaks down the 5 Stages of Business and the 6 drivers of business. The 5 Stages of Business Treadmill Operator: Everything in the business relies on you. Pathfinder: You have a team, but it’s hard to get them on the same page. Trailblazer: Your business is ready to scale, so it’s time to find some leaders. Peak Performer: Your business is thriving, but don’t become complacent. Legacy Builder: You’re creating a lasting impact and building a business that lasts for generations. The 6 Drivers of Business Personal: You’re both the problem and the solution. Purpose: Business is about more than just the bottom line. People: A unified team is key to winning. Plan: Success is intentional. It doesn’t happen by accident. Product: Serve enough people and the revenue will follow. Profit: Profits fuel your purpose. Whether you’re just starting out or looking to take your business to the next level, “Build a Business You Love” offers insights designed to help you navigate the journey with confidence and clarity. For more information, visit ramseysolutions.com/build. About Ramsey Press | Headquartered in Franklin, Tennessee, Ramsey Press — a part of Ramsey Solutions — publishes America’s trusted voice on money, Dave Ramsey, as well as No. 1 national bestselling authors Dr. John Delony, Rachel Cruze, Ken Coleman and George Kamel. Ramsey Press produces practical and inspirational materials on a wide range of topics, including personal development, leadership, career, business, relationships and personal finance. For more information, visit ramseysolutions.com/company/ramsey-press. CONTACT: Curt Harding Ramsey Solutions 6156144432 curt.harding@ramseysolutions.com
Notice of the updated Guidelines on Corporate Governance of AB “Ignitis grupė” and the convening of the General Meeting of Shareholders of AB “Ignitis grupė” - ForexTV
AB “Ignitis grupė” (hereinafter – the Group) informs that on 14 April 2025 it received a letter from the Ministry of Finance of the Republic of Lithuania, which exercises the rights of the majority shareholder, along with the updated Description of the Guidelines on Corporate Governance of the State-Owned Group of Energy Companies approved by the order of the Minister of Finance (hereinafter – the Corporate Governance Guidelines) (attached). On 15 April 2025, based on these guidelines, the Management Board of the Group, legal entity code: 301844044, registered office address: Laisvės Ave. 10, Vilnius, decided to convene an Extraordinary General Meeting of Shareholders of the Group (hereinafter – the GM). Taking into consideration the proposals from the Group’s Supervisory Board and independent experts and continuing to implement best governance practices as well as aiming to initiate the selection of the Group’s Supervisory Board for a new term of office (the term of office of the Group’s current Supervisory Board expires on 25 October 2025), the Ministry of Finance proposes the following changes in the letter and the Corporate Governance Guidelines: Essence of the changeAs it is nowChange1. Restructuring the committees of the Supervisory Board The Group’s Supervisory Board forms two advisory committees from among its own and external members: the Nomination and Remuneration Committee and the Risk Management and Sustainability Committee.The GM forms the Audit Committee from the members of the Group’s Supervisory Board and external members. The Supervisory Board would form three advisory committees from among its members: the Audit and Risk Committee, the Nomination and Remuneration Committee, and the Sustainability Committee2. Number of Supervisory Board membersThe Supervisory Board is composed of 7 members, 5 of whom are independent members and 2 are civil servantsThe Supervisory Board would be composed of 9 members, 6 of whom would be independent members and 3 would be civil servants3. Ensuring continuity-To establish that efforts would be made to ensure that at least 1/3 of the members of the Supervisory Board continue to work in the newly elected body for a new term of office4. Updating the Remuneration Policy-Amendments to the Group’s Remuneration Policy are proposed to implement the changes described above and review remuneration amounts for the members of the Supervisory Board. The updated Corporate Governance Guidelines shall apply to the structure of the new Supervisory Board and its committees as well as the selection of Supervisory Board members for a new term of office. The GM will be held on Wednesday, 7 May 2025, at 16:00 (Vilnius time) at Business Garden Vilnius verslo centras, Laisvės Ave. 10, Vilnius, LT-04215. Registration starts at 15:00 and closes at 15:45 (Vilnius time). The GM agenda, which is further detailed in the attached notice, is as follows: approval of the new version of the Articles of Association of AB “Ignitis grupė” and the power of attorney; approval of the updated Remuneration Policy of AB “Ignitis grupė” group of companies. Detailed information about the GM agenda, draft resolutions and other relevant matters is provided in the attached notice of the GM (attached). For additional information, please contact: CommunicationsValdas Lopeta+370 621 77993valdas.lopeta@ignitis.lt Investor RelationsAinė Riffel-Grinkevičienė+370 643 14925aine.riffel-grinkeviciene@ignitis.lt Attachments Notice of the General Meeting of Shareholders Corporate Governance Guidelines_2025 General Ballot Paper
Holding(s) in Company - ForexTV
For immediate release 15 April 2025 Serabi Gold plc("Serabi" or the "Company")Holding(s) in Company The Board of Serabi announces that the Company has received the following TR-1 notification which is set out below. Enquiries: Serabi Gold plc Michael HodgsonTel: +44 (0)20 7246 6830Chief ExecutiveMobile: +44 (0)7799 473621 Andrew Khov Vice President, Investor Relations & Business DevelopmentMobile +1 647 885 4874 Email: contact@serabigold.com Website: www.serabigold.com Beaumont Cornish LimitedNominated Adviser and Financial Adviser Roland Cornish / Michael CornishTel: +44 (0)20 7628 3396 Peel Hunt LLPJoint UK Broker Ross AllisterTel: +44 (0)20 7418 9000 Tamesis Partners LLPJoint UK Broker Charlie Bendon / Richard GreenfieldTel: +44 (0)20 3882 2868 Camarco Financial PR - Europe Gordon Poole / Emily HallTel: +44(0) 20 3757 4980 Harbor AccessFinancial PR – North America Jonathan Patterson / Lisa Micali Tel: +1 475 477 9404 Copies of this announcement are available from the Company's website at www.serabigold.com. Neither the London Stock Exchange, the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement. TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:Serabi Gold plcBG5NDX91b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameGreenstone Resources II LPCity and country of registered office (if applicable)St Peter Port, Guernsey4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:12 April 20256. Date on which issuer notified (DD/MM/YYYY):12 April 20257. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached5.20%0.0%5.20%3,936,492Position of previous notification (if applicable)25.20%0.0%25.20% 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type ofsharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)GB00BG5NDX913,936,49205.20%0 SUBTOTAL 8. A3,936,4925.20% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpirationdate xExercise/ Conversion Period xiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rightsn/an/an/an/an/a SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpirationdate xExercise/ Conversion Period xiPhysical or cash Settlement xiiNumber of voting rights % of voting rightsn/an/an/an/an/an/a SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv Name xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable thresholdGreenstone Resources II LP5.20%0.005.20% 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviGreenstone Resources II LP entered into a legally binding unconditional share purchase agreement on 12 April 2025 to sell 15,146,902 ordinary shares in Serabi Gold plc. Completion is expected to occur within 20 calendar days of the share purchase agreement, or such other date as the parties may agree. All voting and other rights in the 15,146,902 ordinary shares are retained by Greenstone Resources II LP until completion. Place of completionUKDate of completion14 April 2025
1ST Biotherapeutics Joins The Michael J. Fox Foundation’s LITE Program to Advance LRRK2-Based Parkinson’s Disease Research - ForexTV
Focus on the discovery of next-generation LRRK2 inhibitors to unlock novel biological mechanisms of action and advance new treatment options YONGIN, South Korea, April 15, 2025 – 1ST Biotherapeutics, Inc. (1STBIO), a clinical-stage biopharmaceutical company focused on advancing therapies for neurodegenerative diseases and cancer, today announced its participation in The Michael J. Fox Foundation for Parkinson’s Research (MJFF) LRRK2 Investigative Therapeutics Exchange (LITE) program. As an industry partner in this initiative, 1STBIO will bring innovative approaches to LRRK2 research and accelerate the development of new therapies for Parkinson’s patients. The LITE initiative, led by Dario Alessi, PhD, a renowned kinase researcher at the University of Dundee, brings together more than 20 leading academic institutions and 20 biotech and pharmaceutical companies. 1STBIO is committed to advancing the discovery of next-generation LRRK2 inhibitors with unique binding modes to unlock novel biological mechanisms of action. By leveraging LITE’s open science platform, the Company aims to expedite LRRK2 research and translate scientific insights into transformative treatments for Parkinson’s patients worldwide. Jamie Jae Eun Kim, Ph.D., Founder and Chief Executive Officer of 1STBIO, stated, “LITE provides a unique opportunity for us to collaborate with world-class researchers and industry leaders in an open science framework. This partnership strengthens our commitment to rapidly advancing LRRK2-targeted therapies that could significantly impact the lives of Parkinson’s patients.” 1STBIO’s promising pipeline includes novel LRRK2-targeting candidates, and its participation in LITE is expected to enhance data collection and deepen the understanding of LRRK2-related disease mechanisms. “LRRK2 continues to show promise as a therapeutic target, and MJFF believes in the power of bringing together the expertise of industry and academia to advance LRRK2 drug development efforts. We look forward to seeing what our partners can achieve with the cooperation of the LRRK2 Investigative Therapeutics Exchange,” said Shalini Padmanabhan, Senior Vice President of Discovery and Translational Research at MJFF. ### About 1ST Biotherapeutics, Inc. 1ST Biotherapeutics is a science-driven biopharmaceutical company focused on the development of breakthrough therapies in neurodegenerative diseases, immuno-oncology, and rare diseases. Founded in 2016, the Company has developed a pipeline of investigational drugs aimed at addressing critical unmet medical needs. The Company is headquartered in Yongin, South Korea. For more information, visit http://www.1stbio.com About the LRRK2 Investigative Therapeutics Exchange (LITE) Program The Michael J. Fox Foundation for Parkinson’s Research (MJFF) launched LITE in 2024 to pave the way for new therapeutic approaches for LRRK2, connect companies that are developing LRRK2-targeting therapies with pharma and biotech opinion leaders, and provide preclinical and clinical resources to establish best practices for advancing LRRK2 targeted therapeutics. Mutations in the LRRK2 gene linked to Parkinson’s disease were first discovered in 2004 and are now understood to be the most common cause of inherited PD. Built on MJFF’s dedication to open science, LITE fosters international collaboration across more than 30 academic and clinical centers and more than a dozen companies. The initiative is governed by an active steering committee consisting of MJFF staff and field leaders and is implemented by the University of Dundee in the United Kingdom. The LITE program also will benefit from collaboration with the Aligning Science Across Parkinson’s (ASAP) initiative-supported programs including the Collaborative Research Network (CRN), the Parkinson’s Progression Markers Initiative (PPMI) and the Global Parkinson’s Genetics Program (GP2). Learn more here. Forward-Looking Statements This press release contains forward-looking statements. All statements other than statements of historical facts, including statements regarding 1ST Biotherapeutics, Inc. (“1STBIO”)’s research and development plans, the potential of its LRRK2-targeting candidates, its participation in the LITE program, and the expected impact of such participation on Parkinson’s disease treatment development are forward-looking statements. These statements reflect 1STBIO’s current expectations and projections about future events and are subject to various risks, uncertainties, and assumptions. Actual results may differ materially and adversely from those expressed or implied in these statements due to a variety of factors. 1STBIO undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Contact 1ST Biotherapeutics, Inc.info@1stbio.comTel. +82 31 8023 5332 Media InquiriesakampionDr. Ludger Wess / Ines-Regina Buth Managing Partnersinfo@akampion.comTel. +49 40 88 16 59 64 /Tel. +49 30 23 63 27 68
Dividend payment ex-date of EfTEN Real Estate Fund AS - ForexTV
EfTEN Real Estate Fund AS (trading code EFT1T, ISIN kood EE3100127242) will fix the list of shareholders for dividend distribution on 22.04.2025 at the end of of the working day of the registrar of the settlement system of the fund’s securities. Proceeding from the above, the date of change of rights related to the securities is 21.04.2025 but considering the trading holidays of the Nasdaq Tallinn Stock Exchange, the actual date of change of rights related to the securities (ex-date) is 17.04.2025. As of this date, the new owner of the shares is not entitled to dividends for the year 2024. EfTEN Real Estate Fund AS will distribute dividends in the amount of 1,11 euro per share on 30.04.2025. Viljar ArakasMember of the Management BoardPhone 655 9515E-mail: viljar.arakas@eften.ee
Holding(s) in Company - ForexTV
Holdings in Company Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, announces it has been informed that Greenstone Resources II LP (“Greenstone”), an existing shareholder in the Company, has entered into a binding agreement to sell 15,146,902 shares (representing approximately 19.99% of the issued share capital of the Company) to Classe Roca Magma Multiestrategia Responsabilidade Limitada do SSF IV Coinvestmento I Fundo de Investimento em Participações an investment fund managed by Starboard Asset Ltda (“Starboard”). Starboard is a leading private equity firm in Brazil. Serabi has been informed by Greenstone that the share sale and purchase agreement between Greenstone and Starboard (the “Agreement”) is unconditional and is expected to be completed within a few weeks. Mr Mike Hodgson, CEO of Serabi commented, “Greenstone have been a long standing and highly supportive shareholder, but given recent share price performance, I recognise their desire to monetise some of their investment when an opportunity arises. Starboard have been known to Serabi for some time and with their Brazilian footprint, will, I am sure, be an excellent shareholder for the Company. A spokesperson for Starboard commented; “We are thrilled to have this opportunity to become an investor in Serabi, acquiring just under 20% of the Company through this private transaction with Greenstone. We would like to express our appreciation for Greenstone’s long-standing commitment and support to Serabi over the years. We feel that with our local knowledge and experience we can bring a complementary perspective at the shareholder level. “Over the past two years, we have been closely following Serabi’s impressive operational progress. Starboard’s intention is to support the management and reinforce the existing strategy, contributing to Serabi’s future and to value creation for all stakeholders.” Assuming the Agreement is completed Greenstone will continue to own 3,936,492 shares representing 5.20% of the issued share capital of the Company. Starboard will own 15,146,902 shares representing 19.9999% of the issued share capital of the Company. About Serabi Gold plcSerabi Gold plc is a gold exploration, development and production company focused on the prolific Tapajós region in Para State, northern Brazil. The Company has consistently produced 30,000 to 40,000 ounces per year with the Palito Complex and is planning to double production in the coming years with the construction of the Coringa Gold project. Serabi Gold plc recently made a copper-gold porphyry discovery on its extensive exploration licence. The Company is headquartered in the United Kingdom with a secondary office in Toronto, Ontario, Canada. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was Andrew Khov, Vice President, Investor Relations & Business Development. Enquiries SERABI GOLD plcMichael Hodgson t +44 (0)20 7246 6830Chief Executive m +44 (0)7799 473621 Andrew Khov m +1 647 885 4874Vice President, Investor Relations & Business Development e contact@serabigold.com www.serabigold.com BEAUMONT CORNISH LimitedNominated Adviser & Financial AdviserRoland Cornish / Michael Cornish t +44 (0)20 7628 3396 PEEL HUNT LLPJoint UK BrokerRoss Allister t +44 (0)20 7418 9000 TAMESIS PARTNERS LLPJoint UK BrokerCharlie Bendon/ Richard Greenfield t +44 (0)20 3882 2868 CAMARCOFinancial PR - EuropeGordon Poole / Emily Hall t +44 (0)20 3757 4980 HARBOR ACCESS Financial PR – North AmericaJonathan Patterson / Lisa Micali t +1 475 477 9404 Copies of this announcement are available from the Company's website at www.serabigold.com. See www.serabigold.com for more information and follow us on twitter @Serabi_Gold Assay ResultsAssay results reported within this release include those provided by the Company's own on-site laboratory facilities at Palito and have not yet been independently verified. Serabi closely monitors the performance of its own facility against results from independent laboratory analysis for quality control purpose. As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at both the Palito laboratory and certified external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When comparing significant assays with grades exceeding 1 g/t gold, comparison between Palito versus external results record an average over-estimation by the Palito laboratory of 6.7% over this period. Based on the results of this work, the Company's management are satisfied that the Company's own facility shows sufficiently good correlation with independent laboratory facilities for exploration drill samples. The Company would expect that in the preparation of any future independent Reserve/Resource statement undertaken in compliance with a recognized standard, the independent authors of such a statement would not use Palito assay results without sufficient duplicates from an appropriately certificated laboratory. Forward-looking statementsCertain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. Qualified Persons StatementThe scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 30 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. NoticeBeaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release
OEM-Ready Axial Flux Motor: Turntide’s Breakthrough AF430S Speeds Electric Integration - ForexTV
This new motor empowers electric and hybrid vehicle and equipment innovation with adaptable motor technology that enhances efficiency, flexibility, and scalability. Turntide's Breakthrough Axial Flux Motor Turntide AF430S Gateshead, UK, April 15, 2025 (GLOBE NEWSWIRE) -- Turntide Technologies (Turntide), a leader of best-in-class electric motors, power electronics, energy storage, and thermal products for anything that moves, today announced a new advanced axial flux motor. The new AF430S is designed to meet the unique needs associated with the electrification of industrial equipment and performance vehicles, from off-highway to premium automotive. Its high performance enables the next wave of electrified mobility. Time to market is crucial in the electrification of heavy equipment and vehicles, requiring system-level solutions that balance performance, cost, reliability, and durability. Turntide's axial flux motors offer solutions to industry challenges associated with slow manufacturing and delivery issues, reducing costs caused by one-off manufacturing. Designed for seamless original equipment manufacturer (OEM) integration, Turntide’s motors provide a cost-efficient path to electrification without requiring major vehicle redesigns. By redefining power and efficiency in compact, high-performance applications like electric vehicles, construction equipment, military vehicles, marine vessels, high-speed transportation, and more, the AF430S offers unmatched power and torque density. High Efficiency, Power Density, and Torque Density Means Superior Performance Turntide's AF430S delivers transformational capabilities with up to 96% efficiency, more than 7.2 kW/kg of power density, and a torque density of more than 20.5 Nm/kg. The compact and lightweight design gives OEMs a powerful combination of high vehicle performance and quiet, smooth, and low-vibration operation. The motor's advanced cooling design, robust construction, and configurable options offer durability, versatility, and reliable performance across vehicle and equipment platforms. Low Operating Cost, Simple Maintenance Designed for reliability and durability, the robust construction and advanced thermal management of the AF430S ensure reliable operation and optimal performance, extending motor life. The innovative design requires less maintenance throughout the vehicle's lifecycle, significantly lowering the total cost of ownership. “Turntide’s axial flux motors are revolutionizing industries, delivering incredible power and torque density—perfect for electric vehicles and equipment across all on- and off-highway mobility markets, including construction, defense, premium automotive, marine, and recreation,” said Steven Hornyak, CEO, Turntide Technologies. “Developed with OEMs in mind, these cutting-edge motors offer top-tier performance, durability, and efficiency, all at a cost-effective price. With modular, scalable designs and rapid integration options, Turntide enables manufacturers to electrify their fleets without overhauling existing platforms.” Products will be available for customers to sample beginning mid-2025. Visit www.turntide.com to join the waitlist today. Want to learn more about this motor and see a 360-degree walkaround? Register for the May 5 educational webinar now with this link. Attachment Turntide's Breakthrough Axial Flux Motor CONTACT: Lori Ditoro Turntide Technologies +1 (205) 492-4256 lori.ditoro@turntide.com
Holding(s) in Company - ForexTV
For immediate release 15 April 2025 Serabi Gold plc("Serabi" or the "Company")Holding(s) in Company The Board of Serabi announces that the Company has received the following TR-1 notification which is set out below. Enquiries: Serabi Gold plc Michael HodgsonTel: +44 (0)20 7246 6830Chief ExecutiveMobile: +44 (0)7799 473621 Andrew Khov Vice President, Investor Relations & Business DevelopmentMobile +1 647 885 4874 Email: contact@serabigold.com Website: www.serabigold.com Beaumont Cornish LimitedNominated Adviser and Financial Adviser Roland Cornish / Michael CornishTel: +44 (0)20 7628 3396 Peel Hunt LLPJoint UK Broker Ross AllisterTel: +44 (0)20 7418 9000 Tamesis Partners LLPJoint UK Broker Charlie Bendon / Richard GreenfieldTel: +44 (0)20 3882 2868 Camarco Financial PR - Europe Gordon Poole / Emily HallTel: +44(0) 20 3757 4980 Harbor AccessFinancial PR – North America Jonathan Patterson / Lisa Micali Tel: +1 475 477 9404 Copies of this announcement are available from the Company's website at www.serabigold.com. Neither the London Stock Exchange, the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement. TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:Serabi Gold plc1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameClasse Roca Magma Multiestrategia Responsabilidade Limitada do SSF IV Coinvestmento I Fundo de Investimento em ParticipaçõesCity and country of registered office (if applicable)Rio de Janeiro, Brazil4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:12/04/20256. Date on which issuer notified (DD/MM/YYYY):14/04/20257. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached19.99%0.0019.99%15,146,902Position of previous notification (if applicable)0.000.000.00 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type ofsharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)Ordinary shares (GB00BG5NDX91)15,146,902 19.99% SUBTOTAL 8. A15,146,90219.99% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpirationdate xExercise/ Conversion Period xiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpirationdate xExercise/ Conversion Period xiPhysical or cash Settlement xiiNumber of voting rights % of voting rights SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable thresholdClasse A Multiestratégia Responsabilidade Limitada do Starboard Special Situations IV Fundo de Investimento em Participações19.99% 19.99%Classe A Multimercado Crédito Privado Longo Prazo Investimento no Exterior Responsabilidade Limitada do Starboard Special Situations IV Fundo de Investimento Financeiro 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xvi(1) The person named in section 3 above (the "Fund") entered into a legally binding unconditional share purchase agreement on 12 April 2025 (the "SPA") to acquire the shares/voting rights referenced in section 8.A above. Completion of the acquisition is expected to occur on the twentieth calendar day following the execution of the SPA (or such date as the parties thereto may agree) pursuant to the terms thereof. This notification is being submitted to the issuer within two trading days from the date of the SPA in accordance with DTR 5.1.1R(4), notwithstanding that the relevant voting rights will remain with the seller until completion.(2) The Fund is an investment fund registered in Brazil and managed by Starboard Asset Ltda. (the "Fund Manager"). The Fund Manager has discretion to vote the shares registered in the name of the Fund, and as such is an indirect holder of shares for the purposes of the definition of shareholder pursuant to DTR 5.2.1R(h), DTR 5.2.2G(4) and DTR 5.2.3G. On that basis, this notification is submitted on behalf of both the Fund and the Fund Manager pursuant to DTR 5.2.5R(2) and DTR 5.8.4R(4). Place of completionRio de Janeiro, BrazilDate of completion14/04/2025
HepaRegeniX completes €21.5 million financing to support clinical advancement of HRX-215 for liver regeneration - ForexTV
Tuebingen, Germany, April 15, 2025 – HepaRegeniX GmbH (“HepaRegeniX”), a clinical-stage company advancing novel therapies to treat acute and chronic liver diseases, today announced the second closing and completion of a €21.5 million financing round with the addition of Wellington Partners to its investor syndicate. HepaRegeniX plans to use the proceeds to complete its ongoing Phase Ib trial and to advance the Phase IIa clinical trial for HRX-215, the company’s lead clinical candidate in liver regeneration. “We continue to make significant progress in the clinical evaluation of our lead candidate, HRX-215, and the additional investment is a strong acknowledgment of our achievements and the impressive safety results of HRX-215 in the completed Phase I trials,” said Elias Papatheodorou, Chief Executive Officer at HepaRegeniX. “HepaRegeniX has brought to light the significant therapeutic potential of Mitogen-Activated Protein (MAP) Kinase Kinase 4 (MKK4) in multiple indications of high medical need, and we remain committed to making a real difference in the lives of patients that need liver resections due to tumors, for patients in need of a liver transplant, and for patients with chronic and acute liver diseases. As we gain momentum in our clinical development strategy, we appreciate the continued support of our existing investors and the support of Wellington Partners at this important stage in our journey.” “Wellington Partners is very excited to join and further strengthen the HepaRegeniX investor base in this financing round,” commented Dr. Rainer Strohmenger, Managing Partner at the Munich-based life science venture capital fund. “HepaRegeniX’ approach is highly differentiated and has demonstrated efficacy in several in vivo models for liver diseases with extraordinarily high unmet medical need. We look forward to supporting the generation of meaningful clinical efficacy data in human patients in the near future.” HRX-215 is a first-in-class, orally available small molecule inhibitor designed to target Mitogen-Activated Protein (MAP) Kinase Kinase 4 (MKK4), a master regulator of liver regeneration. By selectively inhibiting MKK4, HRX-215 enhances the liver’s natural ability to regenerate. Extensive preclinical studies in mice and pigs have demonstrated that HRX-215 enhances liver regeneration of healthy and diseased livers. Impressively, HRX-215 helps prevent liver failure after extended liver resection. A Phase I clinical trial in healthy participants has further validated its favorable safety and pharmacokinetic profile. HRX-215 represents a new therapeutic approach for indications requiring rapid liver repair, offering a new possibility beyond conventional treatments. About HepaRegeniX GmbHHepaRegeniX is advancing therapies to treat acute and chronic liver diseases based on the groundbreaking discoveries of a novel cellular target and small molecules that enable the liver to regenerate rapidly. We do so by harnessing the liver’s inherent regenerative power not only in healthy but also in diseased livers. The company’s lead candidate, HRX-215, an orally available small molecule currently in a Phase Ib/IIa trial, selectively inhibits Mitogen-Activated Protein (MAP) Kinase Kinase 4 (MKK4), a master regulator of liver regeneration. Building on demonstrated safety in clinical trials, HepaRegeniX is progressing HRX-215 to prevent post-hepatectomy liver failure, facilitate transplantation of smaller living donor liver grafts, and treat severe alcohol-associated hepatitis. Beyond liver diseases, the company is also developing HRX-233 to target kinase inhibitor treatment resistance in KRAS-driven tumors. HepaRegeniX is backed by experienced life science investors, including Vesalius Biocapital IV, Novo Holdings A/S, Boehringer Ingelheim Venture Fund (BIVF), Coparion, High-Tech Gründerfonds, Ascenion GmbH and Wellington Partners. Visit our website at www.heparegenix.com to learn more about the company. For further information, please contact:HepaRegeniX GmbHElias PapatheodorouChief Executive Officerinfo@heparegenix.com Media InquiriesTrophic CommunicationsCharlotte Spitz or Jacob Verghese Tel: +49 171 351 2733Email: heparegenix@trophic.eu
Integral Metals Responds to China’s Rare Earth Export Restrictions, Advancing Exploration at North American Properties - ForexTV
The Rare Earth Export Restrictions Highlights the Importance of Integral’s Domestic PropertiesCALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) -- Integral Metals Corp. (CSE: INTG | OTC: ITGLF | FSE: ZK9) (the “Company” or “Integral”) recognizes the recent decision by China’s Ministry of Commerce and the General Administration of Customs to implement new export restrictions on essential rare earth elements, which took effect on April 4, 2025. The new export controls will impact the supply of several vital rare earth elements, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, which are integral to a wide range of high-tech and defense applications. China's recent decision to impose export restrictions on critical rare earth elements highlights the growing global dependence on these materials and emphasizes the need for North America to secure a stable, independent supply. As the dominant global producer of rare earths, China’s actions reinforce the pressing need for the development of a robust and sustainable rare earth supply chain within North America. This move further reinforces the urgency for North American self-sufficiency in securing access to these vital resources. Woods Creek and Burntwood Properties – Integral’s Key Assets Integral Metals is advancing its exploration efforts at the Woods Creek property in Montana, USA, and the Burntwood property in Manitoba, Canada. Both properties are located in strategic regions aimed at reducing North America’s reliance on foreign rare earth elements. The Woods Creek Property is located in Montana, USA, within a region known for its potential to host rare earth mineral deposits. This exploration project focuses on developing prospective areas for a range of rare earth elements. The property is well situated in a region that could contribute to meeting North America's demand for rare earths.The Burntwood property is situated in Manitoba, Canada, another key asset in Integral’s portfolio. This property is strategically located near various infrastructure that could support exploration activities. Initial studies have shown potential for rare earth mineralization. Paul Sparkes, CEO of Integral Metals, commented, "China’s export restrictions have highlighted the importance of securing a stable, domestic supply of rare earth elements. At Integral, we are focused on advancing exploration at our Woods Creek and Burntwood properties, strategically located to help reduce North America's reliance on foreign sources and contribute to a more self-sufficient supply chain." Qualified Person Jared Suchan, Ph.D., P.Geo., Integral Metal’s Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical contents of this news release. On Behalf of the Board Directors Paul SparkesChief Executive Officer825-414-3163info@integralmetals.com ABOUT INTEGRAL METALS CORP. Integral is an exploration stage company, engaged in the business of mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with the goal of contributing to the development of a domestic supply chain for these minerals. Integral holds properties in mining-friendly jurisdictions in Canada and the United States of America, including the Northwest Territories, Manitoba and Montana, where it has received regulatory support for its exploration efforts. Forward-Looking Information Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company’s future plans, including the Company’s plans to focus its efforts and resources on the Kap Property and its other mineral properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the future plans and strategies of the Company, including that the Company will continue to focus its efforts and resources on the Kap Property. Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Company’s business prospects and priorities may change, whether as a result of unexpected events, general market and economic conditions or as a result of the Company’s future exploration efforts, and that any such change may result in a re-deployment of the Company’s resources and efforts in a manner divergent from the Company’s current business plan or strategy. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Regarding approval of dividend allocation of INVL Baltic Farmland for the year 2024 - ForexTV
The Annual General Shareholders Meeting of the public joint stock company INVL Baltic Farmland (hereinafter – “the Company“) held on 14 April 2025 approved to allocate a dividend of EUR 0.12 per share for the year 2024 (the total amount allocated for dividends is EUR 387 thousand). The Board of the Company notes that the Dividend Payment Policy of the Company was approved during the Annual General Shareholders Meeting held on 10 April 2018, targeting at least EUR 0.10 per share dividend. The Company notes that dividends will be paid out and dividend payment procedure for 2024 published within one month from the General Shareholders Meeting that approved the decision to allocate the dividends. Persons, who will be shareholders of INVL Baltic Farmland at the end of 29 April 2025, the tenth business day after the General Shareholders Meeting approving the resolution to allocate part of Company’s profit for the payment of dividends, are entitled to receive dividends. The ex-date is 28 April 2025. From that date the new owner of the shares of INVL Baltic Farmland, ISIN code LT0000128753, which were acquired on stock exchange with settlement cycle of T+2, is not entitled to receive dividends for the year 2024. Additional information: INVL Baltic Farmland, a company investing in agricultural land, will pay EUR 387,000 in dividends to its shareholders for 2024, allocating EUR 0.12 per share. Shareholders received the same size dividends for 2023. The dividend payment was approved during the Annual General Shareholders Meeting held on 14 April. “Good operating results make it possible to pay shareholders larger dividends than those stipulated in the dividend policy again this year,” says Alvydas Banys, the Chairman of the Board of INVL Baltic Farmland. The company’s Dividend Payment Policy envisages paying dividends of at least EUR 0.10 per share. In 2024, INVL Baltic Farmland earned a net profit of EUR 1.836 million and had consolidated revenue of EUR 835,000. The company not only increased the value of its land holdings by 9.5% to EUR 22.736 million but also exceeded its financial targets for 2024 even after a performance fee and a larger tax burden. At the shareholders’ meeting, a new term of office for the members of the company’s Audit Committee – Dangutė Pranckėnienė, Andrius Lenickas and Tomas Bubinas – was also approved. To ensure that shareholders are able to sell shares, shareholders’ consent was obtained for using an existing EUR 3.08 million reserve for purchases of own shares. INVL Baltic Farmland could acquire own shares with a total nominal value of no more than 10% of its share capital. The maximum purchase price is the company’s most recently published equity per share while the minimum is EUR 3.50. The time limit for acquisitions of own shares is 18 months from the date of the decision by the shareholders’ meeting. INVL Baltic Farmland is listed on the Nasdaq Vilnius stock exchange. Its subsidiaries own approximately 3,000 hectares of agricultural land in Lithuania which is rented out to agriculture companies and farmers. The person authorized to provide additional information: Director Egle Surpliene E-mail: egle.surpliene@invaldainvl.com
McPhy Energy: Opening of conciliation proceedings - ForexTV
Foussemagne (France), April 14, 2025 – 7:30 am CEST – McPhy Energy, manufacturer of alkaline electrolyzers ("McPhy"), announces the opening, by decision of the President of the Tribunal de Commerce of Belfort dated April 10, 2025, of a conciliation procedure and the appointment of SCP Abitbol & Rousselet, represented by Maître Joanna Rousselet, as conciliator. The opening of these proceedings was driven by the Company's current financial position, with its cash runway at the end of June 20251 and to strengthen its chances of finding a new partner as soon as possible. In this context, McPhy, together with the conciliator, has decided to initiate, in parallel with the ongoing search for in bonis2 offers, a call for tenders for takeover as a sale plan with a view to the implementation, if necessary, of a pre-pack sale, in order to have the most appropriate legal framework to preserve the fundamentals of the Company. The pre-pack sale offers a framework for preparing a (total or partial) sale of the Company's assets and activities while preserving the best interests of the Company. In the event of a takeover as a disposal plan, McPhy Energy, including its assets and activities not taken over, could be subject to judicial liquidation procedure resulting in the delisting of McPhy's shares, the anticipated residual value of which would then be minimal or nil. McPhy has chosen to make this information, which is usually confidential, public in order to unite employees, shareholders and stakeholders around this process and thus maximize its chances of finding new partners. In this regard, McPhy announces that it has already received a first expression of interest from a European industrial player which, if confirmed, will be examined as part of the above-mentioned tender procedure. McPhy and the conciliator inform that the deadline for the submission of offers is set for May 9, 2025 at noon. The market will be informed of any developments in the situation. ABOUT MCPHY Specialized in hydrogen production equipment, McPhy is contributing to the global deployment of low-carbon hydrogen as a solution for energy transition. With its complete range of products dedicated to the industrial, mobility and energy sectors, McPhy offers its customers turnkey solutions adapted to their applications in industrial raw material supply, recharging of fuel cell electric vehicles or storage and recovery of electricity surplus based on renewable sources. As designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production centers in Europe (France, Italy, Germany). Its international subsidiaries provide broad commercial coverage for its innovative hydrogen solutions. McPhy Energy is listed on Euronext Growth Paris (ISIN code: FR0011742329, ticker: ALMCP). CONTACTS Investor RelationsNewCap Théo Martin/ Aurélie ManavarereT. +33 (0)1 44 71 94 94mcphy@newcap.eu Press RelationsMcPhy Maïté de Laboulaye maite.de-la-boulaye@mcphy.comT. +33 (0) 6 98 85 86 57 Follow us on @McPhyEnergy 1 Possibly, end of 3rd quarter 2025, subject to completion of certain hypothesis. For further details, please refer to press release dated March 31, 2025 “McPhy 2024 Annual Results and Update on Financial Situation”. 2 A Latin phrase that legally characterizes the situation of a person who has full rights of use and disposal that the law confers on him or her over his or her property. Attachment McPhy_PR_Conciliation_ENG_DEF
Transactions Made Under the Share Buy-back Programme for Stolt-Nielsen Limited - ForexTV
Reference is made to the stock exchange announcement from Stolt-Nielsen Limited (Oslo Børs: SNI) on April 3, 2025 regarding the continuation of its 2016 share buy-back programme of up to $30,000,000, with $8,754,827.55 remaining under the programme. The buy-back programme commenced on April 7, 2025, and will remain in effect until the earlier of (i) the acquisition of the maximum number of shares up to the remaining consideration of $8,754,827.55 as set out above, or (ii) October 2, 2025; any share repurchases from and including April 18, 2025 are subject to the renewal of the buy-back authorisation in the Annual General Meeting scheduled for April 17, 2025. For the period from and including April 7, 2025, through April 11, 2025, SNI purchased a total of 77,000 shares at an average price NOK 210.8221 per share. The share purchases have been made in accordance with the "safe harbor" rules, which includes a limitation of 25% of the average daily volume traded in the last 20 trading days. All transactions have been made with Euronext Oslo Børs as trading venue. Please find below an overview of transactions. DateVolume (number of shares)Weighted average price per day (NOK)Total cost (NOK)07.04.202516,222205.14093,327,79608.04.202516,788214.13863,594,96009.04.202517,567205.02733,601,71410.04.202515,423213.25173,288,98111.05.202511,000219.98692,419,856 Total previously published repurchases under the programme: Volume (number of shares)Weighted average price per day (NOK)Total cost (NOK) 0-- Total repurchases under the programme: Volume (number of shares)Weighted average price per day (NOK)Total cost (NOK) 77,000210.822116,233,305 A detailed overview of all completed transactions under the repurchase programme carried out during the above time period is attached hereto and available at www.newsweb.no. Following the completion of the above transactions, SNI owns a total of 5,077,000 own shares, corresponding to 8.625% of SNI’s share capital. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. For additional information please contact: Jens F. Grüner-HeggeChief Financial OfficerUK +44 (0) 20 7611 8985j.gruner-hegge@stolt.com Ellie DavisonHead of Corporate CommunicationsUK +44 (0) 20 7611 8926e.davison@stolt.com About Stolt-Nielsen LimitedStolt-Nielsen (SNL or the Company) is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses - Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers - Stolt Sea Farm and various investments. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).
Satoshi-Era Whales Rolling Out Bitcoin Thunderbolt Featuring UTXO Bundling and OP_CAT — But Access to Early-Bird Peers - ForexTV
New York, April 14, 2025 (GLOBE NEWSWIRE) -- On April 15, Bitcoin Thunderbolt officially launched. It’s a native upgrade, jointly initiated by Satoshi-era miners, Bitcoin whales, and early contributors including the Nubit team. Thunderbolt is a soft fork to the Bitcoin base layer, and marks the most significant technical shift in the last 10 years. At its core are two key upgrades: UTXO Bundling, which dramatically boosts onchain throughput by compressing transaction data; and the OP_CAT feature, a long-awaited opcode that brings native programmability to Bitcoin. The launch has already drawn massive attention from the Bitcoin community. Many long-time users and miners say it fixes problems that have been holding Bitcoin back. “I’ve been following this technology upgrade since last year,” commented a veteran Bitcoin miner with nearly 10 years of experience. “I honestly didn’t expect it to happen this fast. A real soft fork, live and running, it feels like a new era for Bitcoin has just begun.” To access Thunderbolt, users need a Boosting Code, a special invite distributed through eligible partners and communities. Boosting Codes are tied to rare Bitcoin rewards and early-bird access. Nubit, as one of the core contributors, is actively coordinating early access through its community channels, where users can also apply for Boosting Codes. The first round is already claimed, and future waves are expected to be even more competitive. As more people join, Thunderbolt is quickly becoming the official Bitcoin standard, contributed by the collective effort of miners, Bitcoin core developers, and early adopters who believe in Bitcoin’s future. Transactions are instant, and the network runs smoothly on top of Bitcoin Core. Bitcoin feels faster, easier, and more ready for real-world use cases. The upgrade is also drawing strong interest from institutions. One early success story comes from a small, retailer-focused mining pool that was counted by Nubit as a test partner for Bitcoin Thunderbolt. After integrating, its hashrate jumped from 800 TH/s to 16.97 EH/s, placing it among the top 10 pools globally. As adoption grows, Bitcoin Thunderbolt is setting a new technical standard for how Bitcoin is used, built on, and scaled. As more people join, Thunderbolt is quickly becoming the official Bitcoin standard, contributed by the collective effort of miners, Bitcoin core developers, and early adopters who believe in Bitcoin’s future. Transactions are instant, and the network runs smoothly on top of Bitcoin Core. It’s a groundbreaking shift from the slow, clunky experience many users were used to. Now, Bitcoin feels faster, easier, and more ready for real-world use cases. CONTACT: Christopher Stiff hedguecrypto@gmail.com
Q1-2025 Production Results, Operational Highlights and Board Change - ForexTV
Q1-2025 Production Results, Operational Highlights and Board Change Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, is pleased to announce the Company’s first quarter production results and operating highlights for FY2025 (all financial amounts are expressed in U.S. dollars unless otherwise indicated). Q1-2025 HIGHLIGHTS Gold production of 10,013 ounces, an 11% increase from Q1-2024.Cash as at 31 March 2025 of $26.5 million vs $22.2 million as at 31 December 2024. Net cash at quarter-end (after interest bearing loans and lease liabilities) of $21.1 million versus $16.2 million as at 31 December 2024.The Company remains on track to achieve 2025 consolidated production guidance of 44,000 – 47,000 ounces gold.Reported initial exploration update from the brownfield exploration opportunities at Palito Complex, Coringa Mine and São Domingos target, which is part of Phase II of the Company’s growth strategy; initial exploration model indicates a potential for a satellite orebody to the Palito Complex – link to press release.The Company is currently assessing appropriate mechanisms to return capital to shareholders. Mike Hodgson, CEO of Serabi, commented: “An excellent start to 2025 with over 10,000 ounces produced, an 11% increase on Q1-2024, and what was most pleasing within these numbers was the substantial grade improvements at both Palito and Coringa. Palito plant feed grades were 32% improved on Q1-2024, whilst Coringa plant feed grades showed a 10% improvement. Q1-2025 has also been the first full operational quarter for the Coringa classification plant, and that 10% grade improvement is partly driven by this. We spent the quarter commissioning and optimising the classification plant at Coringa. High grade Coringa Run of Mine (ROM) ore was transported directly to the Palito Complex plant. Additionally, we used low grade stocks at Coringa (<2g/t Au) during the optimising of the sorter, which was extremely effective, with the ore sorted from these low-grade stocks supplementing the high-grade ROM sent from Coringa to the Palito Complex plant. The Coringa Mine continued to perform exceptionally well with ore being mined in the Serra zone at levels 260m, 225m, 190m, and 158m. The main ramp is deepening to level 125m. The first quarter also saw the progression and development of Meio, the second sector at Coringa. The first two levels, 356m and 336m are now in development, with development ore already contributing to the Coringa gold production. Meio is expected to contribute significantly to Coringa production in 2025. At Palito, the grades improved as mining has increased in the high grade Barrichello zone. This zone along with the G3 and Ipe zones are contributing the bulk of Palito Complex ROM and will continue to do so this year. The development of the G3 vein on levels -20m and -80m are particularly exciting, where we expect some excellent results this year. Finally, during the quarter, we saw our brownfield exploration programme get underway. We now have two rigs at Palito and two at Coringa. The first results were published in early April with very encouraging results at Palito Complex with step out drilling on the Senna vein. At Coringa we are drilling the Coringa trend between the Galena and Mae de Leite zones with early success as well as intersecting the new zone called Jatobá. We are planning to spend approximately $9m in 2025 equally across both sites in our quest to double the current consolidated mineral resource inventory of 1Moz. I look forward to regularly updating investors on progress on our exploration success. In light of the excellent operational performance, strong prevailing gold price, cash position and anticipated cash growth ahead, the Company is currently assessing appropriate mechanisms to return capital to shareholders.” To access an interview of Mike Hodgson with Crux Investor discussing the Q1-2025 update, follow this LINK. OPERATIONAL RESULTS SUMMARY PRODUCTION STATISTICS FOR 2025 AND 2024 Q1YTDQ1Q2Q3Q4Fiscal2025202520242024202420242024Group Gold production (1)(2) Ounces10,01310,0139,0079,0039,48910,02237,520Mined oreTonnes44,92444,92456,29659,56458,68250,327225,049 Gold grade (g/t)7.097.095.315.065.486.195.49Milled oreTonnes48,15548,15554,52155,19254,57952,363216,655 Gold grade (g/t)6.706.705.385.315.596.215.61Horizontal developmentMetres3,5053,5053,1313,5503,3253,12913,135Palito Complex Gold production (1)(2)Ounces4,6664,6665,1354,2513,6484,36917,404Mined oreTonnes25,26725,26736,47130,48826,87823,642117,479 Gold grade (g/t)6.156.154.724.524.346.104.86Milled oreTonnes24,32824,32835,86130,75027,45423,719117,785 Gold grade (g/t)6.256.254.734.564.336.054.86Horizontal developmentMetres1,9791,9792,1532,3151,8591,9488,275Coringa Gold production (1)(2)Ounces5,3475,3473,8714,7525,8415,65320,117Mined oreTonnes19,65719,65719,82529,07631,98426,685107,569 Gold grade (g/t)8.318.316.395.626.446.276.17Milled oreTonnes23,82723,82718,66024,44127,12528,64598,871 Gold grade (g/t)7.177.176.616.256.876.346.51Horizontal developmentMetres1,5261,5269781,2351,4661,1814,860 (1) The table may not sum due to rounding. (2) Production numbers are subject to change pending final assay analysis from refineries. Total production for the first quarter was 10,013 ounces. Total ore mined during the quarter was 44,924 tonnes at 7.09 g/t compared to 50,327 tonnes at 6.19 g/t for the fourth quarter of 2024. The increase in grade has mostly come from higher grade ore mined in the Barrichello and G3 zones in Palito, as well as improved grades in the Serra zone at Coringa. The Palito Complex process plant treated 48,155 tonnes of ROM ore at a grade of 6.70 g/t Au compared to 52,363 tonnes at an average grade of 6.21 g/t Au for Q4-2024. A total of 3,505 metres of horizontal development has been completed for the quarter of which 1,849 metres was ore development. The balance was the ramp, crosscuts and stope preparation development. The Coringa orebody continues to perform well. Production was focused on the levels of 260m, 225m, 195m, and 165m with development now ongoing on level 130m. The newly intersected Meio zone is still in development only with levels 356m and 336m advancing. FINANCE UPDATE Cash balances at the end of March 2025 were $26.5 million, in comparison to the cash balances at the end of December 2024 of $22.2 million. On 6 January 2025 the Company fully repaid its $5.0 million unsecured loan arrangement with Itau Bank in Brazil which carried an interest coupon of 8.47 per cent. On 22 January 2025, the Group secured a new $5.0 million loan from Banco Santander. The Banco Santander loan is repayable as a bullet payment on 21 January 2026 and carries an interest coupon of 6.16%. The Company had a net cash balance at the end of Q1-2025 (after interest bearing loans and lease liabilities) of $21.1 million (31 December 2024: net cash $16.2 million). FY2025 PRODUCTION GUIDANCE The Company remains on track to achieve 2025 consolidated production guidance of 44,000 – 47,000 ounces gold. BOARD CHANGE Mark Sawyer, non-executive director of Serabi Gold, informed the Board of Directors of his resignation effective 11 April 2025. Following his resignation, Mark Sawyer ceased to be a member of the Board of Directors of Serabi Gold with immediate effect. “We thank Mark for his significant contributions to the Company and we wish him all the best.” commented Mike Hodgson, Chief Executive Officer of Serabi Gold. About Serabi Gold plcSerabi Gold plc is a gold exploration, development and production company focused on the prolific Tapajós region in Para State, northern Brazil. The Company has consistently produced 30,000 to 40,000 ounces per year with the Palito Complex and is planning to double production in the coming years with the construction of the Coringa Gold project. Serabi Gold plc recently made a copper-gold porphyry discovery on its extensive exploration licence. The Company is headquartered in the United Kingdom with a secondary office in Toronto, Ontario, Canada. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was Andrew Khov, Vice President, Investor Relations & Business Development. Enquiries SERABI GOLD plcMichael Hodgson t +44 (0)20 7246 6830Chief Executive m +44 (0)7799 473621 Andrew Khov m +1 647 885 4874Vice President, Investor Relations & Business Development e contact@serabigold.com www.serabigold.com BEAUMONT CORNISH LimitedNominated Adviser & Financial AdviserRoland Cornish / Michael Cornish t +44 (0)20 7628 3396 PEEL HUNT LLPJoint UK BrokerRoss Allister t +44 (0)20 7418 9000 TAMESIS PARTNERS LLPJoint UK BrokerCharlie Bendon/ Richard Greenfield t +44 (0)20 3882 2868 CAMARCOFinancial PR - EuropeGordon Poole / Emily Hall t +44 (0)20 3757 4980 HARBOR ACCESS Financial PR – North AmericaJonathan Patterson / Lisa Micali t +1 475 477 9404 Copies of this announcement are available from the Company's website at www.serabigold.com. See www.serabigold.com for more information and follow us on twitter @Serabi_Gold GLOSSARY OF TERMS The following is a glossary of technical terms: “actinolite”amphibole silicate mineral commonly found in metamorphic rocks, including those surrounding cooled intrusive igneous rocks“Ag” means silver.“alkalic porphyry”A class of copper-porphyry mineral deposits characterised by disseminated mineralisation within and immediately adjacent to silica-saturated to silica-undersaturated alkalic intrusive centres and being copper/gold/molybdenum-rich.“albite”is a plagioclase feldspar mineral“aplite”An intrusive igneous rock in which the mineral composition is the same as granite, but in which the grains are much finer“argillic alteration”is hydrothermal alteration of wall rock which introduces clay minerals including kaolinite, smectite and illite“AISC”means All-In Sustaining Cost – a non IFRS performance measurement established by the World Gold Council“ANM” means the Agencia Nacional de Mineral.“Au” means gold.“assay” in economic geology, means to analyse the proportions of metal in a rock or overburden sample; to test an ore or mineral for composition, purity, weight or other properties of commercial interest.“biotite”A phyllosilicate mineral composed of a silicate of iron, magnesium, potassium, and aluminum found in crystalline rocks and as an alteration mineral.“breccia”a rock composed of large angular broken fragments of minerals or rocks cemented together by a fine-grained matrix“brecciation”Describes the process where large angular broken fragments of minerals or rocks become cemented together by a fine-grained matrix.“CIM” means the Canadian Institute of Mining, Metallurgy and Petroleum.“CIP” or “Carbon in Pulp”means a process used in gold extraction by addition of cyanide.“chalcopyrite”is a sulphide of copper and iron.“copper porphyry”copper ore body formed from hydrothermal fluids. These fluids will be predated by or associated with are vertical dykes of porphry intrusive rocks“Cu”means copper.“cut-off grade” the lowest grade of mineralised material that qualifies as ore in a given deposit; rock of the lowest assay included in an ore estimate.“dacite porphyry intrusive”a silica-rich igneous rock with larger phenocrysts (crystals) within a fine-grained matrix“deposit” is a mineralised body which has been physically delineated by sufficient drilling, trenching, and/or underground work, and found to contain a sufficient average grade of metal or metals to warrant further exploration and/or development expenditures; such a deposit does not qualify as a commercially mineable orebody or as containing ore reserves, until final legal, technical, and economic factors have been resolved.“electromagnetics” is a geophysical technique tool measuring the magnetic field generated by subjecting the sub-surface to electrical currents.“epidote”is a calcium aluminium iron sorosilicate mineral“garimpo”is a local artisanal mining operation“garimpeiro”is a local artisanal miner.“geochemical” refers to geological information using measurements derived from chemical analysis.“geophysical” refers to geological information using measurements derived from the use of magnetic and electrical readings.“geophysical techniques” include the exploration of an area by exploiting differences in physical properties of different rock types. Geophysical methods include seismic, magnetic, gravity, induced polarisation and other techniques; geophysical surveys can be undertaken from the ground or from the air.“gold equivalent”refers to quantities of materials other than gold stated in units of gold by reference to relative product values at prevailing market prices.“gossan” is an iron-bearing weathered product that overlies a sulphide deposit.“grade” is the concentration of mineral within the host rock typically quoted as grams per tonne (g/t), parts per million (ppm) or parts per billion (ppb).“g/t” means grams per tonne.“granodiorite”is an igneous intrusive rock like granite.“hectare” or a “ha” is a unit of measurement equal to 10,000 square metres.“hematite”is a common iron oxide compound“igneous”is a rock that has solidified from molten material or magma.“indicated mineral resource”is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.“inferred mineral resource” is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.“IP” refers to induced polarisation, a geophysical technique whereby an electric current is induced into the sub-surface and the conductivity of the sub-surface is recorded.“intrusive”is a body of rock that invades older rocks.“lithocap”Lithocaps are subsurface, broadly stratabound alteration domains that are laterally and vertically extensive. They form when acidic magmatic-hydrothermal fluids react with wallrocks during ascent towards the paleosurface.“measured mineral resource” is that part of a mineral resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.“mineralisation” the concentration of metals and their chemical compounds within a body of rock.“mineralised” refers to rock which contains minerals e.g. iron, copper, gold.“mineral reserve” is the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.“mineral resource” is a concentration or occurrence of diamonds, natural solid inorganic material or natural fossilised organic material including base and precious metals, coal, and industrial minerals in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge.“Mo-Bi-As-Te-W-Sn”Molybdenum-Bismuth-Arsenic-Tellurium-Tungsten-Tin“magnetite”Magnetic mineral composed of iron oxide found in intrusive rocks and as an alteration mineral.“monzodiorite”Is an intrusive rock formed by slow cooling of underground magma.“monzogranite”a biotite rich granite, often part of the later-stage emplacement of a larger granite body.“mt” means million tonnes.“NI 43-101” means Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects.“ore” means a metal or mineral or a combination of these of sufficient value as to quality and quantity to enable it to be mined at a profit.“oxides” are near surface bed-rock which has been weathered and oxidised by long-term exposure to the effects of water and air.“paragenesis”Is a term used to describe the sequence on relative phases of origination of igneous and metamorphic rocks and the deposition of ore minerals and rock alteration.“phyllic alteration” is a hydrothermal alteration zone in a permeable rock that has been affected by circulation of hydrothermal fluids“porphry”any of various granites or igneous rocks with coarse grained crystals“ppm” means parts per million.“proterozoic”means the geological eon (period) 2.5 billion years ago to 541 million years ago“pyrite”an iron sulphide mineral“quartz-alunite ± kaolinite”Alunite is a hydroxylated aluminium potassium sulfate mineral. It presence is typical in areas of advanced argillic alteration and usually accompanied by the presence of quartz (a crystalline silica mineral) and sometimes kaolinite.(a clay mineral).“saprolite” is a weathered or decomposed clay-rich rock.“scapolites”are a group of rock-forming silicate minerals composed of aluminium, calcium, and sodium silicate with chlorine, carbonate and sulfate“sulphide” refers to minerals consisting of a chemical combination of sulphur with a metal.“tailings” are the residual waste material that it is produced by the processing of mineralised rock.“tpd” means tonnes per day.“vein” is a generic term to describe an occurrence of mineralised rock within an area of non-mineralised rock.“VTEM” refers to versa time domain electromagnetic, a particular variant of time-domain electromagnetic geophysical survey to prospect for conductive bodies below surface.“vuggy”a geological feature characterised by irregular cavities or holes within a rock or mineral, often formed by the dissolution or removal of minerals leaving behind empty spaces Assay ResultsAssay results reported within this release include those provided by the Company's own on-site laboratory facilities at Palito and have not yet been independently verified. Serabi closely monitors the performance of its own facility against results from independent laboratory analysis for quality control purpose. As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at both the Palito laboratory and certified external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When comparing significant assays with grades exceeding 1 g/t gold, comparison between Palito versus external results record an average over-estimation by the Palito laboratory of 6.7% over this period. Based on the results of this work, the Company's management are satisfied that the Company's own facility shows sufficiently good correlation with independent laboratory facilities for exploration drill samples. The Company would expect that in the preparation of any future independent Reserve/Resource statement undertaken in compliance with a recognized standard, the independent authors of such a statement would not use Palito assay results without sufficient duplicates from an appropriately certificated laboratory. Forward-looking statementsCertain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. Qualified Persons StatementThe scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 30 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. NoticeBeaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release
VEON Publishes 2024 Integrated Annual Report Detailing Commitment to Sustainable Growth and Highlighting Robust Financial Performance - ForexTV
Dubai, April 14, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or “the Company”, and together with its subsidiaries the “Group”), today announces the publication of its 2024 Integrated Annual Report (“IAR”), showcasing a year of strong operational and financial performance, and commitment to positive social impact. The IAR also provides the Company’s stakeholders with essential information ahead of the 2025 Annual General Meeting of Shareholders scheduled for May 8, 2025, including a summary of some of our key accomplishments during the 2024 reporting period and details of the Company’s corporate governance structure, as well as the Group’s unaudited remuneration report for the year ended December 31, 2024. “Our 2024 Integrated Annual Report demonstrates VEON’s commitment to delivering sustainable growth for all stakeholders thorough the transformative power of our digital operators,” said Kaan Terzioglu, CEO of VEON Group. “It is a privilege to rise to challenge of serving the underserved, to turn this opportunity into growth and to commit to do so while upholding high governance standards. I am delighted to see our operating companies deliver on our promises and build the foundations of our future with investments into talent and augmented intelligence-based solutions that empower our customers.” Driving digital transformation in our markets and launching AI1440 As of the end of 2024, VEON served 122 million total monthly active users across its digital services portfolio. These services empowered our customers by providing access to financial services, digital information and entertainment as well as digital healthcare and learning opportunities. We also served businesses of all sizes with our enterprise solutions. In 2024, we also successfully deployed VEON’s AI-based solutions and capabilities, including of the launching of Kaz-LLM, a large language model in Kazakhstan. Driven by our AI1440 ambition – creating solutions that augment human capabilities across our markets – VEON’s digital operators also introduced other AI-powered consumer and enterprise offers that support financial and digital inclusion and data-driven business decisions. Commitment to Ukraine In 2024, VEON and Kyivstar continued their unwavering support for Ukraine, committing USD 1 billion in investments between 2023-2027 to rebuild Ukraine’s digital infrastructure, maintain connectivity, and expand essential digital services. Key milestones included partnering with Starlink for satellite-based Direct-to-Cell services, enhancing energy resilience with expanded generator and battery deployments, and securing additional spectrum in the November 2024 auction. Our Ukrainian operating company, Kyivstar, was ranked as Ukraine’s top international investor in 2022-2023 by Forbes Ukraine and New Voice of Ukraine, underscoring VEON’s commitment to rebuilding infrastructure, broadening digital access, and supporting the country’s long-term resilience and development. Building efficiencies for responsible growth In 2024, VEON worked on enhancing energy efficiency across its operations. The number of Base Transceiver Stations (BTS) utilizing power-saving technology grew significantly, from around 63 thousand in 2023 to 70 thousand in 2024. We increased the adoption of renewable energy technologies: the number of base stations powered by solar and/or wind energy increased from 993 in 2023 to 1,085 in 2024. Meanwhile, our offices and other building energy consumption decreased by nearly 28%. VEON also accelerated the execution of its asset-light strategy, enabling market-wide efficiencies in the management of infrastructure assets. We successfully completed the sale of our 49% stake in TNS+, Kazakhstan’s wholesale telecommunications infrastructure provider. Additionally, we entered into a strategic partnership with Engro Corporation Limited with respect to the pooling and management of our infrastructure assets, starting in Pakistan. Streamlining governance As highlighted in our IAR, in 2024, VEON took steps to improve accessibility for investors and streamline its governance through the consolidation of trading in its shares to the Nasdaq Stock Market in the United States. We also relocated our headquarters to the Dubai International Financial Center, bringing us closer to the Group’s operating markets. These steps make VEON the largest Nasdaq-listed company headquartered in Dubai, offering a unique opportunity for global investors interested in frontier market growth opportunities. Investing in people and supporting women’s inclusion In 2024, VEON invested USD 4.4 million into employee training and development, a significant increase from USD 2.6 million spent in 2023, highlighting our commitment to continuous learning and personal development. We developed a series of projects to improve the working conditions of employees and workers in our supply chain. We also launched a new policy for supporting the victims of domestic abuse at the Group level. In addition, in 2024, we introduced new initiatives aimed at supporting women in the broader communities that we serve as well as within VEON Group’s workforce. Women representation in leadership roles increased significantly in various operating companies: in Bangladesh from 20 to 25 percent, in Pakistan from 24 to 29 percent, and in Kyrgyzstan from 38 to 44 percent. Supporting equal opportunities for women in society, Banglalink launched Womentor, a program for female STEM students. Mobilink Microfinance Bank’s “Invisible Heirs” campaign and inheritance calculator, which empower women to claim their rightful inheritance in Pakistan, received numerous international accolades including the ‘CMO Marketing Campaign’ Award at Global Mobile (GLOMO) Awards during Mobile World Congress 2025. Solid financial performance As previously announced with the Company’s Fourth Quarter and Full Year 2024 Trading Update, VEON’s unaudited financial results indicate solid performance, with Group revenues for FY24 increasing by 8.3% year-on-year Group EBITDA growing by 4.9% year-on-year in reported currency. Demonstrating the role of digital services in the Group’s financial growth, direct revenues from digital accounted for 11.5% of Group’s total revenues, growing at a rate of 63% year-on-year in reported currency. For detailed insights into VEON’s performance in 2024, visit VEON's 2024 Integrated Annual Report on the company's website: https://www.veon.com/integrated-annual-report-2024/. About VEON VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information visit: www.veon.com Disclaimer The release contains estimates and “forward-looking statements”, within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by words such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible” and other similar words. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to VEON’s plans to implement its strategic priorities and extend its digital experience through under its DO1440 and AI1440 operating models and other development plans and initiatives, the impact of VEON’s delisting from Euronext, and VEON's HQ relocation to the Dubai International Financial Centre in the United Arab Emirates. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause VEON’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. There can be no assurance that the initiatives referred to above will be successful. Notice to readers: financial information presented VEON’s results and other financial information presented in this press release are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards (“IFRS”) based on internal management reporting, are the responsibility of management, and have not been externally audited, reviewed, or verified. The financial information included in this release is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. Certain amounts and percentages that appear in this release have been subject to rounding adjustments. As a result, certain numerical figures shown as totals may not be an exact arithmetic aggregation of the figures that precede or follow them. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for any future period. Contact Information Ana de Kok-Reyes Group Director Financial Control, DE&I and ESG esg@veon.com Hande Asik Group Director of Communications pr@veon.com
Fortuna completes sale of non-core San Jose Mine, Mexico - ForexTV
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the successful completion of the sale of its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. (“Cuzcatlan”) to JRC Ingeniería y Construcción S.A.C. (“JRC”), a private Peruvian company (the “Transaction”). Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. The Transaction closed simultaneously with the execution of a definitive share purchase agreement (the “Share Purchase Agreement”). Details of the Transaction Under the terms of the Share Purchase Agreement, JRC acquired all of the issued and outstanding shares of Cuzcatlan held by Fortuna’s subsidiaries in consideration for: the payment of US$6.5 million;the payment of approximately US$1.2 million for pre-paid working capital items and tax receivables by April 30, 2025; andthe right to receive up to approximately US$8.3 million upon the completion of certain conditions. In addition, Fortuna retains a 1.0 percent net smelter royalty on production from the San Jose Mine concessions payable after the first 6.1 million ounces of silver and the first 44,000 ounces of gold or 119,000 gold equivalent ounces have been mined or extracted from the property. About the San Jose Mine Fortuna successfully built, expanded, and operated the underground San Jose mine for thirteen years, developing it into one of the 12 largest primary silver producers in the world for several years. In December 2024, the Company placed the mine on care and maintenance due to its higher operating costs and the exhaustion of its mineral reserves and initiated a strategic process to divest of this non-core asset. The San Jose mine still holds a small mineral resource inventory which does not meet Fortuna’s economic criteria for mineral reserve classification. INFOR Financial Inc. acted as financial advisor to Fortuna. About Fortuna Mining Corp. Fortuna Mining Corp. is a Canadian precious metals mining company with four operating mines and exploration activities in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project located in Senegal. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long- term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website. ON BEHALF OF THE BOARD Jorge A. GanozaPresident, CEO, and Director Fortuna Mining Corp. Investor Relations:Carlos Baca | info@fmcmail.com | fortunamining.com | X | LinkedIn | YouTube Forward-looking Statements This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, the anticipated receipt of future cash payments on the applicable post-closing dates, in addition to the net smelter returns royalty and Fortuna's right to receive certain additional payments upon the completion of certain conditions post-closing; and the Company’s business strategy, plans and outlook. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations. Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes in prices for gold, silver, and other metals; the timing and success of the Company’s proposed exploration programs; technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in mineral exploration; fluctuations in prices for energy, labor, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; governmental and other approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form for the financial year ended December 31, 2024. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to, that any future payments in connection with the cash consideration, net smelter returns royalty or any future additional payments will be paid to the Company; expected trends in mineral prices and currency exchange rates; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained; that there will be no significant disruptions affecting operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements. PDF available: http://ml.globenewswire.com/Resource/Download/0ea08749-047c-426b-946f-6f9985c042b0
Backend Engineer Technical Interview Preparation Course With AI - Interview Kickstart Trains AI-enabled Backend Developers For FAANG Jobs - ForexTV
Santa Clara, April 12, 2025 (GLOBE NEWSWIRE) -- Santa Clara, California - Interview Kickstart recently updated its comprehensive Backend Engineering Course, designed specifically to meet the growing industry demand for engineers with specialized server-side development expertise. The program offers a tailored curriculum focused on the complex technical skills and knowledge required to excel in backend engineering roles at leading technology companies. For more details, visit https://interviewkickstart.com/courses/back-end-engineering-interview-masterclass The meticulously crafted course combines technical depth with practical career advancement strategies, providing a holistic approach to professional development for backend engineers. By focusing on both technical prowess and interview preparation, the program addresses the unique challenges backend specialists face in today's competitive job market. "Backend engineering requires mastery of complex systems, databases, and performance optimization skills that aren't easily developed through general programming courses," says a senior course instructor at Interview Kickstart. "Our specialized program addresses these specific needs while also preparing engineers for the nuanced interview processes at top tech companies." A standout feature of the Backend Engineering Interview Masterclass course is its robust career coaching module, which spans three intensive weeks. During this period, learners receive comprehensive interview preparation covering frequently asked technical questions, cutting-edge interview strategies, and behavioral coaching tailored to backend engineering positions. The module also includes resume building, LinkedIn profile optimization, and a salary negotiation masterclass, which are essential tools for career advancement in the tech industry. Understanding that learning doesn't end with course completion, Interview Kickstart provides an extensive six-month support period for all participants. This extended access includes 15 rigorous mock interviews that simulate actual hiring processes at leading tech companies, personalized 1:1 technical and career coaching sessions, and self-paced additional topics on data structures and algorithms that are particularly relevant to backend systems. The course structure features more than 15 live classes, creating an interactive learning environment where students engage directly with instructors and peers. This format enables real-time problem-solving, fosters collaborative learning, and provides immediate clarification of complex concepts, advantages not typically available in pre-recorded formats. Recognizing the demands of working professionals, particularly those in the high-pressure environments of major tech companies, the program offers exceptional flexibility through a combination of live sessions, recorded lectures, and self-paced learning options. This approach allows engineers to advance their skills while maintaining their current positions. The time commitment is designed to be realistic yet effective, requiring approximately 10 to 15 hours per week throughout the program's duration. This careful balancing of professional development with existing work and personal responsibilities ensures that participants can fully engage with the material without becoming overwhelmed. The curriculum itself has been developed by backend engineering leaders from FAANG and other major tech companies, ensuring its relevance to current industry practices and hiring standards. Topics cover the entire backend development spectrum, from distributed systems and microservices architecture to database optimization and API design patterns. Special emphasis is placed on scalability challenges, security considerations, and performance optimization, areas where backend engineers are expected to demonstrate particular expertise. As companies continue building increasingly complex digital products and services, the demand for specialized backend talent will continue to grow. Interview Kickstart's Backend Engineering Course fills a crucial gap in the technical education landscape by providing focused, in-depth training specifically aligned with the needs of backend engineering roles. For experienced engineers looking to specialize in backend development or current backend engineers seeking to advance to senior positions at leading tech companies, this program offers a structured pathway to technical mastery and career growth. To learn more, visit https://interviewkickstart.com/courses/back-end-developer-course About Interview Kickstart Interview Kickstart, founded in 2014, is a trusted upskilling platform designed to help tech professionals secure roles at FAANG and other leading tech companies. With over 20,000 success stories, it has become a go-to resource for career advancement in the tech industry. https://youtu.be/ksnCvA1Bdig?si=OTJChOshJrtn9QYp The platform offers a flexible learning experience with live classes and over 100,000 hours of on-demand video lessons. This ensures learners have the tools they need to dive deep into technical concepts and refine their skills on their own schedule. Additionally, 1:1 coaching sessions provide personalized support in areas like resume building and LinkedIn optimization, enhancing each learner's professional profile. ### For more information about Interview Kickstart, contact the company here:Interview KickstartBurhanuddin Pithawala+1 (209) 899-1463aiml@interviewkickstart.com4701 Patrick Henry Dr Bldg 25, Santa Clara, CA 95054, United States CONTACT: Burhanuddin Pithawala
ROSEN, A LEADING NATIONAL FIRM, Encourages Atkore Inc. Investors to Secure Counsel Before Important April 23 Deadline in Securities Class Action – ATKR - ForexTV
NEW YORK, April 12, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Atkore Inc. (NYSE: ATKR) between August 2, 2022 and February 3, 2025, both dates inclusive (the “Class Period”), of the important April 23, 2025 lead plaintiff deadline. SO WHAT: If you purchased Atkore common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Atkore class action, go to https://rosenlegal.com/submit-form/?case_id=35751 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 23, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the price of polyvinyl chloride (“PVC”) water pipes and electrical conduit pipes (together, “PVC Pipes”); (2) in turn, Atkore reaped significant, unsustainable financial benefits from its anticompetitive conduct; (3) as Atkore’s price-fixing scheme was exposed, Atkore and its price fixing co-conspirators were no longer able to artificially inflate the price of PVC Pipes, resulting in a substantial decrease in the price of PVC Pipes; (4) Atkore’s business and operations were negatively impacted; and (5) as a result of the above, defendants’ positive statements about Atkore’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Atkore class action, go to https://rosenlegal.com/submit-form/?case_id=35751 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com
IPC Welcomes Exemptions to Reciprocal Tariffs - ForexTV
Bannockburn, Illinois, April 12, 2025 (GLOBE NEWSWIRE) -- IPC shared the following statement today on tariff exclusions and their implications on the global electronics industry. This statement can be attributed to Dr. John W. Mitchell, IPC president and CEO: IPC, the global electronics association, welcomes the exclusion of key electronics components and technologies (laptops and smartphones) from recently imposed reciprocal tariff measures. These exclusions—covering components, computer parts, telecommunications equipment, and other critical inputs—reflect the importance of the interconnected nature of today’s global electronics supply chains. The electronics industry depends on predictable trade policies to foster innovation, ensure supply chain resilience, and maintain the competitiveness of domestic manufacturing. These tariff exclusions will help avoid supply disruptions, control costs, and support continued investment in advanced technologies in the United States.In addition to these tariff exclusions, IPC encourages the Administration to extend additional exclusions for materials, chemicals, and equipment essential to the manufacturing of electronics systems. The United States is a leader in technology design and, once again, can be a leader in electronics manufacturing, so long as economic and trade policies promote the investment that is sorely needed in the domestic industry. IPC remains committed to working with President Trump to build a stronger, more resilient electronics industry. # # #About IPCIPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its more than 3,200 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly, and testing. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $3 trillion global electronics industry. CONTACT: Sandy Gentry, Communications Director IPC 847-597-2871 SandyGentry@ipc.org
TSX Secures Weekly Gains - ForexTV
The S&P/TSX Composite Index experienced a 1% increase, closing at 23,588 on Friday, culminating a turbulent week with a 1.7% rise. This growth was primarily driven by major mining stocks amid a general stabilization in commodity markets. Notable contributors to this advance were Agnico Eagle, Wheaton Precious Metals, Barrick Gold, and Franco-Nevada, which saw their stocks soar between 4.7% and 6.4%, spurred by record-breaking gold prices driven by heightened demand for safe-haven assets. The financial sector also experienced gains, underpinned by robust earnings from U.S. banking counterparts, while the energy sector benefited from climbing oil prices. Nonetheless, trade tensions provided a looming concern as President Donald Trump implemented a uniform 10% tariff, sparing only China, whose exports are subject to a significant 145% tariff. In response, China elevated its tariffs on U.S. goods to 125% from 84%, with the finance ministry warning that prolonged escalation would be economically irrational and historically unprecedented.The material has been provided by InstaForex Company - www.instaforex.com
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Canopy Growth Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - CGC - ForexTV
NEW YORK, April 12, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Canopy Growth Corporation (NASDAQ: CGC) between May 30, 2024 and February 6, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 3, 2025. SO WHAT: If you purchased Canopy Growth securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Canopy Growth class action, go to https://rosenlegal.com/submit-form/?case_id=16092 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 3, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Canopy Growth had incurred significant costs producing Claybourne Co. (“Claybourne”) pre-rolled joints in connection with the Claybourne product launch in Canada; (2) the foregoing costs, in addition to certain indirect costs that Canopy Growth incurred in connection with its Storz & Bickel vaporizer devices, were likely to have a significant negative impact on the Canopy Growth’s gross margins and overall financial results; (3) accordingly, defendants had overstated the efficacy of Canopy Growth’s cost reduction measures and the health of its gross margins while downplaying issues with the same; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Canopy Growth class action, go to https://rosenlegal.com/submit-form/?case_id=16092 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com
Kessler Topaz Meltzer & Check, LLP Reminds SoundHound AI, Inc. Investors of Important Deadline in Securities Fraud Class Action Lawsuit - ForexTV
RADNOR, Pa., April 12, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against SoundHound AI, Inc. (“SoundHound”) (NASDAQ: SOUN) on behalf of those who purchased or otherwise acquired SoundHound securities between May 10, 2024, and March 3, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is May 27, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered SoundHound losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/soundhound-ai-inc?utm_source=PR&utm_medium=link&utm_campaign=soun&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com. DEFENDANTS’ ALLEGED MISCONDUCT:The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) the material weaknesses in SoundHound’s internal controls over financial reporting impaired SoundHound’s ability to effectively account for corporate acquisitions; (2) in addition, SoundHound overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (3) as a result of the foregoing material weaknesses, SoundHound’s reported goodwill following an acquisition of Amelia Holdings, Inc. in August 2024, was inflated and would need to be corrected; (4) further, SoundHound would likely require extra time and expense to effectively account for the acquisitions of Amelia Holdings, Inc. and SYNQ3 (which was acquired in January 2024, before the beginning of the Class Period); (5) the foregoing increased the risk that SoundHound would be unable to timely file certain financial reports with the SEC; and (6) as a result, SoundHound’s public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS:SoundHound investors may, no later than May 27, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages SoundHound investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/soundhound-ai-inc?utm_source=PR&utm_medium=link&utm_campaign=soun&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087info@ktmc.com May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Wall Street Rallies to End Volatile Week Amid Trade Hopes - ForexTV
U.S. stocks experienced a significant rally on Friday, concluding a volatile week on an optimistic note as prospects for a U.S.-China trade agreement buoyed investor confidence. The S&P 500 advanced by 1.8%, the Nasdaq increased by 2%, and the Dow surged by 618 points. This optimism was fueled after the White House indicated President Trump is "optimistic" about China engaging in a trade deal, despite escalating trade tensions marked by Trump's tariff hike on Chinese imports to 145% and China's reciprocal 125% duty on U.S. goods.On the economic landscape, the University of Michigan's survey reported consumer sentiment at its lowest level since 2022, with inflation expectations reaching levels unprecedented since 1981. As earnings season commenced, there were varied results from the banking sector—Wells Fargo saw a decline of 1%, Morgan Stanley experienced a rise of 1.4%, and JPMorgan achieved a 4% increase following the announcement of record revenue. Over the week, the S&P 500 expanded by 5.7%, the Nasdaq soared by 7.3%, and the Dow climbed nearly 5%, marking their strongest weekly performances in over a year, propelled by a historic rally on Wednesday.The material has been provided by InstaForex Company - www.instaforex.com
Ibovespa Posts Weekly Gains - ForexTV
The Ibovespa index experienced a 1.1% increase, closing at 127,682 on Friday, which resulted in a 0.3% rise for the week. This uptick was largely driven by gains in commodity producers, as global commodity prices showed signs of stabilization. State-owned Petrobras saw a recovery, rising by 2.2% after prior significant losses, while iron ore heavyweight Vale gained 2%, contributing positively to the index's overall performance. Despite these advances, global markets continued to feel the pressure from growing trade tensions. In a direct response to Washington's tariffs of up to 145% on Chinese products, China's finance ministry increased tariffs on U.S. imports from 84% to 125%. Additionally, the United States persists with a 10% basic tariff on most imports and a 25% levy specifically on steel, aluminum, and automobiles, heightening fears of a potential recession and affecting risk assets. Domestically, Brazil's primary economic activity index showed a 0.4% increase in February, surpassing expectations and underscoring the country's economic resilience. However, annual inflation surged to 5.48% in March, reaching its highest level since February 2023.The material has been provided by InstaForex Company - www.instaforex.com
Polyrizon Receives Nasdaq Notification Regarding Minimum Bid Requirements - ForexTV
Raanana, Israel, April 11, 2025 (GLOBE NEWSWIRE) -- Polyrizon Ltd. (Nasdaq: PLRZ) (the “Company” or “Polyrizon”), a development stage biotech company specializing in the development of innovative intranasal hydrogels, announced today that on April 8, 2025, the Company received a written notice from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for its ordinary shares was below $1.00 per share for the last 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until October 6, 2025, to regain compliance with the minimum bid price requirement. During the compliance period, the Company’s ordinary shares will continue to be listed and traded on the Nasdaq Stock Market. To regain compliance, the closing bid price of the Company’s ordinary shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period. If the Company is not in compliance by October 6, 2025, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market with the exception of the minimum bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s ordinary shares will be subject to delisting. The Company intends to monitor the closing bid price of its ordinary shares between now and October 6, 2025, and will consider available options to resolve the Company’s noncompliance with the minimum bid price requirement as may be necessary. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria. About Polyrizon Polyrizon is a development stage biotech company specializing in the development of innovative medical device hydrogels delivered in the form of nasal sprays, which form a thin hydrogel-based shield containment barrier in the nasal cavity that can provide a barrier against viruses and allergens from contacting the nasal epithelial tissue. Polyrizon’s proprietary Capture and Contain TM, or C&C, hydrogel technology, comprised of a mixture of naturally occurring building blocks, is delivered in the form of nasal sprays, and potentially functions as a “biological mask” with a thin shield containment barrier in the nasal cavity. Polyrizon are further developing certain aspects of our C&C hydrogel technology such as the bioadhesion and prolonged retention at the nasal deposition site for intranasal delivery of drugs. Polyrizon refers to its additional technology, which is in an earlier stage of pre-clinical development, that is focused on nasal delivery of active pharmaceutical ingredients, or APIs, as Trap and Target ™, or T&T. For more information, please visit https://polyrizon-biotech.com. Forward Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 11, 2025 and subsequent filings with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Polyrizon is not responsible for the contents of third-party websites. Contacts: Michal Efraty Investor Relations IR@polyrizon-biotech.com
Kind Joe Launches Revolutionary Free News Platform to Deliver Uncensored Truth to Readers - ForexTV
Los Angeles, CA, April 11, 2025 (GLOBE NEWSWIRE) -- Kind Joe, a groundbreaking digital news platform, announces its official launch, introducing a fresh approach to news delivery that emphasizes transparency, community engagement, and unfiltered reporting. This innovative platform offers readers a free daily newsletter, in-depth articles, and quick video recaps, all designed to help people access and understand news without traditional media filters. "In today's complex media landscape, people are searching for straightforward, unbiased news they can trust," says Joe. "Kind Joe was created to fill this gap by delivering uncensored news directly to readers, enabling them to form their own informed opinions." Platform Features Kind Joe distinguishes itself through three primary content channels:- A daily newsletter delivering clear, concise news updates- Long-form uncensored articles providing comprehensive coverage- Under-five-minute video recaps for quick news consumption The platform's commitment to transparency extends to its community-driven approach, where readers can contribute their own stories and perspectives, creating a more inclusive news ecosystem. A New Era in News Consumption Kind Joe's launch comes at a crucial time when traditional news sources face increasing scrutiny over bias and selective reporting. The platform's approach emphasizes:- Direct access to unfiltered news- Community participation in news sharing- Free access to all content- Multi-format news delivery to suit different preferences- Coverage of diverse topics, including trending stories, sports, and entertainment Availability Kind Joe's services are available immediately at no cost. Readers can subscribe to the free daily newsletter at www.kindjoe.com. Additional content is available through the platform's Instagram (@thekindjoe) and YouTube (@thekindjoe) channels. About Kind Joe Kind Joe offers a modern solution to tax relief by connecting you with the right licensed tax professional to handle your specific needs. From the moment you book an appointment, we work to ensure you’re matched with a qualified expert. You’ll receive immediate contact details and credentials, so you can have peace of mind before the consultation begins. But we don’t stop there—The Kind Joe advocates for you throughout the entire process. Our customer service team is dedicated to ensuring you receive the help you need, and if any issues arise, we’ll step in to resolve them, whether that means getting the job done or securing a full refund. Our goal is to make navigating your tax situation easy, stress-free, and risk-free. Press inquiries Kind Joe https://kindjoe.com/ Daniel Cueva daniel@thinkinner.com 3109541901
Difference between private money loans and traditional loans by Flexi-View Lending - ForexTV
LOS ANGELES, April 11, 2025 (GLOBE NEWSWIRE) -- When it comes to financing a real estate investment, choosing the right type of loan can be just as important as choosing the right property. At Flexi-View Lending, we understand that no two deals are alike—whether you’re a seasoned investor or a first-time buyer, knowing the difference between private money loans and traditional loans can empower you to make smarter, faster decisions. Let’s break down the essentials. What Are Traditional Loans? Traditional loans are offered by banks, credit unions, and other institutional lenders. These loans are ideal for borrowers with strong credit histories, stable income, and properties that meet strict underwriting criteria. Key Features: Lower interest rates (typically 5%–10%) Longer repayment terms (15–30 years) Strict underwriting (credit score, income, debt-to-income ratio) Slower approval process (30–60 days) Best For: - Owner-occupied purchases - Long-term investment properties - Buyers with excellent credit and documented income What Are Private Money Loans? Private money loans, often called “hard money loans,” are funded by private investors or lending firms like Flexi-View Lending. These loans focus more on the value of the asset than the borrower’s credit profile. Key Features: - Faster approval and funding (often in 14–20 days) - Flexible terms tailored to the project - Higher interest rates (typically 8%–15%) - Shorter durations (6 months to 60 months) Best For: - Fix-and-flip projects - Bridge loans and quick acquisitions - Investors with non-traditional income or credit challenges - Properties that don’t qualify for bank financing When to Use Private Money Over Traditional Loans There are scenarios where speed, flexibility, or the nature of the property make private lending a better fit: 1. Tight Deadlines: Private lenders can close deals quickly ideal for auction purchases or time-sensitive opportunities. 2. Property Condition Issues: Distressed or uninhabitable properties often don’t qualify for traditional financing. 3. Credit or Income Hurdles: Investors with fluctuating or non-traditional income streams may benefit from private lending's relaxed underwriting. 4. Creative Deals: Need a loan structure tailored to a unique exit strategy or renovation timeline? Private money offers more creativity. How Flexi-View Lending Can Help At Flexi-View Lending, we bridge the gap between opportunity and capital. Whether you need fast funding for a flip or long-term financing for a rental portfolio, our team is here to help you choose the right loan for your needs. We specialize in: Commercial Real EstateCondos & Multifamily PropertiesRetail & Mixed-Use DevelopmentsManufactured Housing & Senior LivingOffice Buildings & Self-Storage FacilitiesHospitality & Industrial ProjectsVacant Land Final Thoughts Private money and traditional loans each serve a vital role in the real estate financing ecosystem. The best loan depends on your specific situation, timeline, and goals. Understanding these differences is the first step toward making the most of your next investment opportunity. Have questions or ready to discuss your next deal? Contact Flexi-View Lending today for a free consultation—we’re here to fund your vision. Media Contact: James McDonough Flexi-View Lending (209) 782-8062 info@flexiviewlending.com www.flexiviewlending.com
Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders - ForexTV
Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders MILLICOM INTERNATIONAL CELLULAR S.A.Registered Address:148-150, Boulevard de la Pétrusse L-2330, Grand Duchy of Luxembourg– R.C.S. Luxembourg: B40630 – I. NOTICE The annual general meeting (“AGM”) and subsequent extraordinary general meeting (“EGM”) of the shareholders of MILLICOM INTERNATIONAL CELLULAR S.A. (“Millicom” or the “Company”) is hereby convened to be held at Novotel Luxembourg Centre 35 Rue du Laboratoire | L-1911 Luxembourg on Wednesday, May 21, 2025, at 1:00 p.m. Central European Time ("CET"). To attend the AGM and EGM or vote by proxy, please follow the instructions in section IV: “Right to participate at the AGM and the EGM”. The AGM and EGM will consider and vote on the agenda points listed below. Please refer to section IX: “Notes to the Agenda Points of the AGM and EGM” to find detailed information about these proposals. II. AGENDA AGM To elect the chair of the AGM and to empower the chair of the AGM to appoint the other members of the bureau of the meeting. [Note]To receive the management reports of the board of directors (the “Board”) and the reports of the external auditor on the annual accounts and the consolidated accounts for the year ended December 31, 2024.To approve the annual accounts and the consolidated accounts for the year ended December 31, 2024.To allocate the results of the year ended December 31, 2024, to the unappropriated net profits to be carried forward. [Note]To approve the distribution by Millicom of a dividend of USD 3 per share to be paid in four equal installments on or around July 15, 2025, October 15, 2025, January 15, 2026, and April 15, 2026.To discharge all the Directors of Millicom for the performance of their mandates during the year ended December 31, 2024. [Note]To set the number of Directors at 8. [Note]To re-elect María Teresa Arnal as a Director for a term ending at the annual general meeting to be held in 2026 (the "2026 AGM"). [Note]To re-elect Bruce Churchill as a Director for a term ending at the 2026 AGM. [Note]To re-elect Jules Niel as a Director for a term ending at the 2026 AGM. [Note]To re-elect Blanca Treviño de Vega as a Director for a term ending at the 2026 AGM. [Note]To re-elect Pierre-Emmanuel Durand as a Director for a term ending at the 2026 AGM. [Note]To re-elect Maxime Lombardini as a Director for a term ending at the 2026 AGM. [Note]To re-elect Justine Dimovic as a Director for a term ending at the 2026 AGM. [Note]To elect Pierre Alain Allemand as a Director for a term ending at the 2026 AGM. [Note]To elect Maxime Lombardini as Chair of the Board for a term ending at the 2026 AGM. [Note]To approve the Directors’ remuneration for the period from the AGM to the 2026 AGM. [Note]To re-elect KPMG Audit SARL and KPMG LLP (collectively, “KPMG”) as the external auditor for a term ending on the date of the 2026 AGM and to approve the external auditor remuneration to be paid against an approved account. [Note]To approve the Share Repurchase Plan. [Note] EGM To elect the chair of the EGM and to empower the chair of the EGM to appoint the other members of the bureau of the meeting. [Note] To amend article 6 of Millicom’s articles of association (the “Articles”) to (a) authorize the Board to cancel any repurchased shares and (b) remove the reference to the Transparency Law. [Note]To amend article 7 of the Articles to (a) remove the reference to the Swedish Corporate Governance Code and (b) remove the requirements regarding the composition of the Nomination Committee. [Note]To amend article 8 of the Articles to reinstate the casting vote of the Chair of the Board in the event of a tie, as provided by article 444-4 (2) of the 1915 Law. [Note]To amend article 8 of the Articles to remove the requirement that written board resolutions can only be adopted in cases of urgency or exceptional circumstances. [Note]To amend article 21 of the Articles to (a) eliminate the reference to the law of 24 March 2011 on shareholder rights of listed companies and (b) allow the Board to authorize the participation of shareholders in general meetings through electronic means and video conference. [Note]To fully restate the Company’s articles of association to incorporate the amendments to the Company’s articles of association approved in the foregoing resolutions. [Note] III. KEY DATES May 7, 2025 Voting Record Date and deadline to submit the Notification Form for attendance in person May 16 2025 Deadline to submit proxies May 16, 2025 Deadline to propose additional items to the agenda May 21, 2025 AGM and EGM IV. RIGHT TO PARTICIPATE AT THE AGM AND THE EGM The Holders of Millicom shares traded on the Nasdaq Stock Market in the US (“Nasdaq US”) under the ticker symbol TIGO (“Millicom Shareholders”) that are registered with Broadridge Corporate Issuer Solutions, Inc. (“Broadridge”), including those held by Cede & Co (“DTCC”) on May 7, 2025, at 24.00 CET (the "Voting Record Date") are eligible to participate/vote at the AGM and EGM1. Instructions for participating and voting by Millicom Shareholders are shown below. Millicom Shareholders eligible to participate and vote Participation and voting at the AGM and the EGM is reserved to Millicom Shareholders duly registered with Broadridge, on the Voting Record Date (as defined above) at 24.00 CET and who comply with these procedures. Beneficial owners. Beneficial owners of shares that are registered in the name of a nominee or broker have the right to instruct their nominee or broker on how to vote with a voter instruction form (“VIF”), or as may otherwise be established by the nominee or broker. Beneficial owners who wish to attend the AGM and the EGM or vote directly must request the nominee or broker, that appears as the registered shareholder on the Voting Record Date, to issue a legal proxy which allows the beneficial owner to vote his or her shares directly. Beneficial owners who do not vote via their brokers/nominees or do not have a legal proxy are not eligible to vote. Ways to participate and deadline By proxy: registered shareholders may submit the power of attorney form (“Millicom Shareholder Proxy Form”) containing their voting instructions, such that it is received no later than on May 16, 2025.In person: the registered shareholder may submit the notification of attendance form to attend the AGM and/or the EGM in person (the “Millicom Shareholder Notification Form”), such that it is received no later than on the Voting Record Date (May 7). Channels to submit the Millicom Shareholder Proxy Form and the Millicom Shareholder Notification Form Online: The Company has sent by post the invitation letter and the Millicom Shareholder Proxy Form needed to vote at the AGM and EGM. The Millicom Shareholder Proxy Form includes a control number. Votes can be cast online using the control number at https://east.proxyvote.com/pv/web. If you consider that you are eligible to vote but you have not received the control number by post and you would like to submit your vote online, please contact Millicom at information@millicom.com. By post: The Millicom Shareholder Proxy Form and the Millicom Shareholder Notification Form can be submitted by post. The original completed, dated and signed Millicom Shareholder Proxy Form or Millicom Shareholder Notification Form should be mailed to the address provided in the form. Millicom Shareholders that choose to send the Millicom Shareholder Proxy Form or the Millicom Shareholder Notification Form by post should also send a scanned copy to information@millicom.com.By e-mail (only for the Millicom Shareholder Notification Form): Download the Millicom Shareholder Notification Form from the Millicom Website: https://www.millicom.com/our-company/governance/shareholder-meetings/. Complete, date and sign the form using an electronic signature, and send the signed form to information@millicom.com. Millicom Shareholder Proxy Forms, Millicom Shareholder Notification Form and all supporting documents can be downloaded from Millicom’s website: https://www.millicom.com/our-company/governance/shareholder-meetings/. Evidence of authority (for Millicom Shareholder Notification Forms only) If a shareholder is a legal entity, the Millicom Shareholder Notification Form must be signed by a duly authorized person and sufficient evidence of the signatory’s legal power of representation must be provided. Any physical attendee at the AGM and EGM will need to bring original identification documentation (e.g., passport). V. SHARE CAPITAL, QUORUM, AND MAJORITY As of April 11, 2025, Millicom had 172,096,305 outstanding shares, each with nominal value of USD 1.50, and each share is entitled to one vote. As of April 11, 2025, Millicom held 5,218,755 shares in treasury. The number of shares held in treasury by Millicom will be updated on the Voting Record Date to calculate the voting results. Voting rights attached to shares held in treasury are suspended by law. There is no quorum of presence requirement for the AGM. The AGM agenda items are adopted by a simple majority of the shares present or represented (excluding abstentions). The EGM will validly deliberate on the resolutions on its agenda only if at least 50% of the issued share capital is present or represented (the "Quorum") at the first meeting and will validly be adopted only if approved by at least 2/3 of the votes cast at the EGM. If the Quorum is not reached at the first meeting, the Board of Directors may convene a second extraordinary general meeting with an identical agenda as for the EGM, at which no quorum will be required, and at which the resolutions will validly be adopted if approved by at least 2/3 of the votes cast at the second EGM. RIGHT TO PROPOSE NEW ITEMS TO THE AGENDA One or several shareholders representing, individually or collectively, at least 10% of the share capital of Millicom reserve the right to add one or more additional items to the agenda of the AGM and/or EGM. Such request shall be sent to the registered office of Millicom by registered mail, at least five days prior to holding of the AGM and/or EGM, i.e. no later than May 16, 2025. These rights shall be exercised in writing and such request shall be sent to the registered office of Millicom, attention: Company Secretary, by registered mail, and by e-mail to information@millicom.com VII. ABILITY TO ASK QUESTIONS AHEAD OF THE AGM AND THE EGM Shareholders have the right to ask questions about items on the agenda of the AGM and the EGM ahead of the meeting. The Company will on a reasonable-efforts basis provide responses to the questions on the Company’s website. Questions must be received by the Company by May 16, 2025. Questions must be sent by e-mail to: information@millicom.com and include the shareholder’s full name and address and proof of ownership of Millicom shares on the Voting Record Date. VIII. SUPPORTING DOCUMENTS AND INFORMATION The following documents and information related to the AGM and EGM are available to shareholders at the Registered Address of Millicom and on Millicom's website www.millicom.com/our-company/governance/shareholder-meetings/: - this Convening Notice; the Millicom Shareholder Proxy Form and the Millicom Shareholder Notification Form – Nasdaq US; - Millicom’s annual accounts and consolidated accounts for the year ended December 31, 2024, together with the management report(s) of the Board and the report(s) of the external auditor on the annual accounts and consolidated accounts; - U.S. General Federal Income Tax Considerations for U.S. holders of Millicom shares; - the Nomination Committee's motivated statement explaining its proposals regarding the Board and information on the proposed Directors; and - the draft restated articles of association of the Company. Shareholders may also receive a copy of the above-mentioned documents by sending a request by mail to the Millicom Registered Address, attention: Company Secretary, or by e-mail to information@millicom.com. IX. NOTES TO THE AGENDA POINTS OF THE AGM AND THE EGM AGM – item 1: CHAIR OF THE MEETING Millicom's Nomination Committee proposes Mr. Alexander Koch, attorney at law (Avocat à la Cour/Rechtsanwalt), with professional address in Luxembourg, to preside over the AGM. In the event of Mr. Alexander Koch’s absence, the Chair of the Board – or in the absence of the Chair of the Board, any member of the Board present at the AGM – shall be empowered to appoint from amongst the persons present at the AGM the individual that will preside over the AGM. The chair of the AGM shall be empowered to appoint, from among the persons present or virtually present at the meeting the other members of the bureau of the meeting (i.e., the Secretary and the Scrutineer). AGM – item 4-5: RESULTS ALLOCATION AND DIVIDEND DISTRIBUTION On a parent-company basis, Millicom generated a profit of USD 75,978,184, for the fiscal year ended December 31, 2024 (the “2024 Results”). Millicom further has unappropriated net profits carried forward from previous financial years of in aggregate USD 2,300,470,064 (the “2023 Profits Carried Forward”). On November 29, 2024, the Board declared USD 1 per share interim dividend paid on January 10, 2025, amounting to USD 172,096,305 (the “First Interim Dividend”) based on the interim report as of September 30, 2024. In compliance with 1915 Law, the Board further proposes to allocate the 2024 Results, minus the First Interim Dividends, to unappropriated net profits to be carried forward to the financial year 2025. Taking into account the 2024 Results and the 2023 Profits Carried Forward, and after deducting the amount distributed as the First Interim Dividends, the Company would have an unappropriated net profit of USD 2,204,351,943 that will be carried forward to the following financial year. On February 26, 2025, the Board further declared a USD 0.75 per share interim dividend to be paid on April 15, 2025, amounting to approximately USD 125 million (the “Second Interim Dividend”) based on the interim report as of December 31, 2024. In aggregate, the Company distributed a total of approximately USD 297 million as interim dividends (the “Total Interim Dividends”). Furthermore, the Board proposes that the AGM acknowledges the Total Interim Dividends, and declares the distribution of an annual dividend from unappropriated net profits of USD 3 per share to Millicom shareholders (the “Annual Dividend”), in accordance with articles 23 of the Company’s articles of association and applicable law, to be paid in four equal installments on or around July 15, 2025, October 15, 2025, January 15, 2026, and April 15, 2026, respectively, amounting to approximately USD 500 million (the exact figure will depend on the amount of treasury shares as of the relevant dividend record date for each installment). Sufficient reserves. The annual accounts of Millicom for the year ended on December 31, 2024, show that Millicom has sufficient funds available, in accordance with applicable law, to distribute the proposed Annual Dividend, which represents an aggregate amount of approximately USD 500 million. The Board of Directors confirms that, in the absence of losses incurred by Millicom from January 1, 2025, reducing the said unappropriated net profits below an amount of USD 500 million, and taking into consideration the Second Interim Dividend, the total proposed USD 3 per share dividend can be paid out of the unappropriated net profit (i.e. available reserves) at the date of the AGM. Tax. In accordance with Luxembourg income tax law, the payment of the dividend will be subject to a 15% withholding tax. Millicom will withhold the 15% withholding tax and pay this amount to the Luxembourg tax administration. The dividend will be paid net of withholding tax. However, a reduced withholding tax rate may be foreseen in a double tax treaty concluded between Luxembourg and the country of residence of the shareholder, or an exemption may be available in cases where the Luxembourg withholding tax exemption regime conditions are fulfilled. These shareholders should contact their advisors regarding the procedure and the deadline for a potential refund of the withholding tax from the Luxembourg tax administration. The United States Federal Income Tax Considerations for U.S. holders of Millicom shares can be found on Millicom’s website. First Installment Dividend Payment Eligible shareholders. The first installment of dividend payment will be paid to shareholders who are registered in the U.S. with Broadridge (including DTCC) on July 8, 2025, at 23.59 CET (the "First Installment Dividend Record Date").Ex-Dividend Date. The ex-dividend date is on July 8, 2025. The last trading day on which shares acquired will be eligible to receive the first installment of dividend payment, will be July 7, 2025. Currency. The dividends will be paid in USD. Payment Date. The first installment of dividend payment is planned on or around July 15, 2025. Second Installment Dividend Payment Eligible shareholders. The second installment of dividend payment will be paid to shareholders who are registered in the U.S. with Broadridge (including DTCC), on October 8, 2025, at 23.59 CET (the "Second Installment Dividend Record Date").Ex-Dividend Date. The ex-dividend date is on October 8, 2025. The last trading day on which shares acquired will be eligible to receive the second installment of dividend payment, will be October 7, 2025. Currency. The dividends will be paid in USD. Payment Date. The second installment of dividend payment is planned on or around October 15, 2025. Third Installment Dividend Payment Eligible shareholders. The third installment of dividend payment will be paid to shareholders who are registered in the US with Broadridge (including DTCC), on January 8, 2026, at 23.59 CET (the "Third Installment Dividend Record Date").Ex-Dividend Date. The ex-dividend date is on January 8, 2026. The last trading day on which shares acquired will be eligible to receive the third installment of dividend payment, will be January 7, 2026. Currency. The dividends will be paid in USD. Payment Date. The second installment of dividend payment is planned on or around January 15, 2026. Fourth Installment Dividend Payment Eligible shareholders. The third installment of dividend payment will be paid to shareholders who are registered in the US with Broadridge (including DTCC), on April 8, 2026, at 23.59 CET (the "Fourth Installment Dividend Record Date").Ex-Dividend Date. The ex-dividend date is on April 8, 2026. The last trading day on which shares acquired will be eligible to receive the fourth installment of dividend payment, will be April 7, 2026. Currency. The dividends will be paid in USD. Payment Date. The second installment of dividend payment is planned on or around April 15, 2026. AGM – item 6: DISCHARGE OF DIRECTORS FOR THEIR PERFORMANCETo discharge of all the current and former Directors of Millicom who served at any point in time during the financial year ended December 31, 2024, for the performance of their mandates.AGM – items 7-16: ELECTION OF THE DIRECTORS The Nomination Committee proposes that the Board shall consist of eight (8) directors. The Nomination Committee proposes that María Teresa Arnal, Bruce Churchill, Justine Dimovic, Pierre-Emmanuel Durand, Maxime Lombardini, Jules Niel and Blanca Treviño de Vega be re-elected as Directors of Millicom for the term beginning at the AGM and ending at the 2026 AGM. The Nomination Committee proposes that Pierre Alain Allemand be elected as a new Director of Millicom for the term beginning at the AGM and ending at the 2026 AGM. Tomas Eliasson has decided not to seek re-election as a Director of Millicom. The Nomination Committee, supported by the Board, proposes that Maxime Lombardini be elected as Chair of the Board for a term beginning at the AGM and ending at the 2026 AGM. The Nomination Committee's motivated statement regarding the Board’s composition is available on Millicom's website. AGM – item 17: DIRECTORS’ REMUNERATION POLICY AND FEES Directors’ Remuneration Policy In proposing remuneration for the Directors, the Nomination Committee considers many factors, including the size and complexity of the business, the number of board and committee meetings, the amount of responsibility related to each role, regulatory requirements, as well as market practice. Directors appointed to Board Committees receive cash-based compensation for each appointment. Share-based compensation is also provided to Board members in the form of fully paid-up shares of Millicom common stock. There is no retention, vesting or other condition attached to the shares. Such shares are provided from the Company’s treasury shares or alternatively issued within Millicom’s authorized share capital exclusively in exchange for allocation from the premium reserve (i.e., for nil consideration from the relevant Directors). Share-based compensation is calculated by dividing the approved remuneration by the average Millicom closing share price on the Nasdaq Stock Market in the US for the three-month period ending on April 30, 2025, provided that shares shall not be issued below par value. Notwithstanding the above, for any period where a Director is also an employee of Millicom, no remuneration is paid to that Director beyond any compensation received as an employee of Millicom. Directors’ Remuneration Number of paid positions Cash2024/2025(USD) Shares2024/2025(USD) Total cost Chair of the Board (1 individual)* 1 250,000 250,000 Board members (7 members)* 4 55,000 105,000 640,000 Audit and Compliance Committee chair (1 individual)** 1 45,000 - 45,000 Audit and Compliance Committee members (2 members)** 2 22,500 - 45,000 Compensation and Talent Committee chair (1 individual)** 1 25,000 - 25,000 Compensation and Talent Committee members (2 members)** 1 12,500 - 12,500 Total 1,017,000 The Nomination Committee proposes the compensation for the period from the date of the AGM to the date of the 2026 AGM, as follows: *Not payable to Directors affiliated to Atlas, except for Chair of the Board’s fees **Final number of committee members to be set by the Board and subject to modification. AGM – item 18: ELECTION OF THE AUDITOR AND FEES The Nomination Committee, in accordance with the recommendation of Millicom’s Audit and Compliance Committee, proposes that KPMG be re-elected as external auditor for a term beginning at the AGM and ending at the 2026 AGM. The Audit and Compliance Committee conducted a tender of external audit firms in Q1 2024. The Nomination Committee proposes that the auditor’s remuneration be paid against an approved account. AGM – item 19: SHARE REPURCHASE PLAN It is proposed that the meeting resolves to approve a share repurchase plan on the following terms: To authorize the Board, at any time between May 21, 2025 and the date of the 2026 annual general meeting of shareholders, to repurchase Millicom's common shares, hereafter individually and collectively referred to as the “Shares”, in accordance with applicable laws and regulations in force, and in particular the Luxembourg law of 10 August 1915 on commercial companies, as amended from time to time (the "Luxembourg Commercial Companies Law") (the " Share Repurchase Plan"), and subject to the following conditions: The transactions under the Share Repurchase Plan may be carried out by any permitted means, including but not limited to entering into market, off-market, over-the-counter and mutual agreement transactions, through payment in cash or in kind, using distributable profits, available reserves, new shares issue, derivative financial instruments or any other financing mechanism.While the primary purpose of the Share Repurchase Plan is set out below, the Share Repurchase Plan may be carried out for all purposes allowed, or which would become authorized by, the applicable law and regulations.The maximum number of Shares that may be acquired shall not exceed ten per cent (10%) of Millicom's outstanding share capital as of the date when the start of the share repurchase program is announced by press release. Repurchase transactions under the Share Repurchase Plan may be made at acquisition prices per Share as follows: For Shares repurchased on a regulated market where the shares are traded, the price per Share shall be within the registered interval for the share price prevailing at any time (the so-called spread), that is, the interval between the highest buying rate and the lowest selling rate of the Shares on the market on which the purchases are made.For any other Shares repurchased, the price per share may not exceed 110% of the most recent closing trading price of the Shares on the Nasdaq Stock Market in the U.S., provided that the minimum repurchase price is above USD 1.5.--). The Share Repurchase Plan may not have the effect of reducing Millicom's net assets and reserves under the limit required by the Luxembourg Commercial Companies Law or the Articles of Association of the Company.Only fully paid-up Shares may be included in repurchase transactions made under the Share Repurchase Plan. The primary purposes of this resolution are to provide the Board with more options in its efforts to deliver long-term shareholder value and total shareholder return, and to provide a method to secure availability of Shares for Board remuneration and Millicom’s share-based incentive plans. The Board is hereby authorized to: transfer all or part of the Shares repurchased under the Share Repurchase Plan to employees of the Millicom Group in connection with any existing or future Millicom share-based incentive plans, cancel the repurchased Shares and Shares held in treasury from Shares repurchased under previous Share repurchase plans,use the purchased Shares to meet obligations arising from debt financial instruments exchangeable into equity instruments, use the repurchased Shares as consideration for merger and acquisition purposes, including joint ventures and the buy-out of minority interests in Millicom’s subsidiaries or joint ventures, as the case may be, in accordance with the limits set out in the Luxembourg Commercial Companies Law, andany other purpose not expressly prohibited by applicable law. All powers are hereby granted to the Board, with the power to delegate and substitute, to ensure the implementation of this authorization, conclude all agreements, carry out all formalities and make all declarations with regard to all authorities and, generally, do all that is necessary or proper for the execution of any decisions made in connection with this authorization. The Share Repurchase Plan supersedes and replaces all other previous share repurchase plans of Millicom, which are deemed cancelled. EGM- item 1: CHAIR OF THE EGM It is proposed, in line with the Nomination Committee proposal for the AGM to be held on the same day, for Mr. Alexander Koch, attorney at law (Avocat à la Cour/Rechtsanwalt), with professional address in Luxembourg, to preside over the EGM. In case of absence of Mr. Alexander Koch, the Chair of the Board of Directors of Millicom or, in the absence of the Chair of the Board of Directors, any member of the Board of Directors present at the EGM, shall be empowered to appoint from amongst the persons present at the EGM the individual that will preside over the EGM. The Chair of the EGM shall be empowered to appoint the other members of the Bureau (i.e., the Secretary and the Scrutineer) amongst the persons present or virtually present at the meeting. EGM-item 2: CANCELLATION OF TREASURY SHARES AND REMOVAL OF REFERENCE TO TRANSPARENCY LAW In the context of the Share Repurchase Program announced by the Board on November 29, 2024, the Company has considerably increased the number of treasury shares, and it is proposed to grant the Board the authority to cancel treasury shares if it deems it necessary and subject to financial capability. Furthermore, it is proposed to remove the reference to the Transparency Law, as this law is no longer applicable to the Company’s shares following the delisting of its Swedish Depository Receipts from Nasdaq Stockholm (the “Delisting”), effective From March 17, 2025. Therefore, it is proposed to amend article 6 of the articles of association of the Company to read as follows: Article 6. Shares. The shares will be in the form of registered shares. The Company's shares may be held in electronic format in accordance with the requirements of the stock exchanges on which the Company's shares may be listed from time to time or may be represented by physical share certificates. Every holder of shares shall be entitled, without payment, to receive one registered certificate for all such shares or to receive several certificates for one or more of such shares upon payment for every certificate after the first of such reasonable out-of-pocket expenses as the Board may from time to time determine. A registered holder who has transferred part of the shares comprised in his registered holding shall be entitled to a certificate for the balance without charge.Share certificates shall be signed by two Directors. But such signatures may be either manual, or printed, or by facsimile. The Company may issue temporary share certificates in such form as the Board may from time to time determine.Shares of the Company shall be registered in the register of the Shareholders which shall be kept by the Company or by one or more persons designated therefor by the Company; such register shall contain the name of each holder, his residence or elected domicile and the number of shares held by him. Every transfer and devolution of a share shall be entered in the register of the Shareholders.The shares shall be freely transferable.Transfer of shares shall be effected by delivering the certificate or certificates representing the same to the Company along with an instrument of transfer satisfactory to the Company or by written declaration of transfer inscribed in the register of the Shareholders, dated and signed by the transferor, or by persons holding suitable powers of attorney to act therefore. Every Shareholder must provide the Company with an address to which all notices and announcements from the Company may be sent. Such address will also be entered in the register of the Shareholders. In the event that such Shareholder does not provide such an address, the Company may permit a notice to this effect to be entered in the register of the Shareholders and the Shareholder's address will be deemed to be at the registered office of the Company, or such other address as may be so entered by the Company from time to time, until another address shall be provided to the Company by such Shareholder. The Shareholder may, at any time, change his address as entered in the register of the Shareholders by means of a written notification to the Company at its registered office or at such other address as may be set by the Company from time to time and notice thereof given to the Shareholders. The Company will recognize only one holder of a share of the Company. In the event of joint ownership, the Company may suspend the exercise of any right deriving from the relevant share until one person shall have been designated to represent the joint owners vis-a-vis the Company.If any shareholder can prove to the satisfaction of the Company that his share certificate has been mislaid, lost, stolen or destroyed, then, at his request, a duplicate certificate may be issued under such conditions as the Company may determine subject to applicable provisions of the Law.Mutilated share certificates may be exchanged for new ones on the request of any shareholder. The mutilated certificates shall be delivered to the Company and shall be annulled immediately.The Company may repurchase its shares of common stock using a method approved by the Board of the Company in accordance with the Law and the rules of the stock exchange(s) on which the Company's common stock may be listed from time to time. The Board is authorized to cancel the repurchased shares of common stock. EGM-item 3: REMOVAL OF SWEDISH CODE REFERENCE AND NOMINATION COMMITTEE REQUIREMENTS Following the Delisting, the Swedish Corporate Governance Code (the “Swedish Code”) is no longer applicable to the Company, and it is proposed to remove the reference to the Swedish Code from the Articles. Further, it is proposed that the last two paragraphs of article 7 of the Articles be deleted, removing (a) the requirement that the Company comply with the nomination committee rules of the Swedish Code, so long as such compliance does not conflict with applicable law or stock exchange rules, and (b) certain rights of shareholders holding at least 20% of the issued and outstanding shares of the Company in the event that the Company does not comply with the nomination committee rules of the Swedish Code. Following the proposed amendment of article 7 of the articles of association, the Board or a committee thereof would be authorized to propose Board members for approval by the AGM. The amended article 7 of the articles of association of the Company shall read as follows: Article 7. Board. The Company will be administered by a Board composed of at least 6 (six) members. Members of the Board need not be shareholders of the Company. The Directors, and the chair of the Board (the “Chair”), will be elected by the general meeting of shareholders (“General Meeting”), which will determine their number, for a period not exceeding 6 (six) years, and they will hold office until their successors are elected. Where a legal person is appointed as a director (the “Legal Entity”), the Legal Entity must designate a natural person as permanent representative (représentant permanent) who will represent the Legal Entity as a member of the Board in accordance with article 441-3 of the Law. In the event of a vacancy on the Board, the remaining Directors may meet and may elect by majority vote a director to fill such vacancy until the next General Meeting. EGM-items 4 and 5: REINSTATEMENT OF CASTING VOTE AND FACILITATION OF WRITTEN RESOLUTIONS It is proposed to amend paragraph 7 of article 8 of the Articles to reinstate the casting vote of the Chair of the Board in the event of a tie. The casting vote of the Chair in the event of a tie is established in provision of article 444-4 (2) of the 1915 Law; however, the Articles currently include a provision eliminating the casting vote. Additionally, it is proposed to amend paragraph 8 of article 8 of the Articles to remove the requirement that written board resolutions can only be adopted in case of urgency or exceptional circumstances, in order to simplify the adoption of unanimous resolutions and increase flexibility in the adoption of Board decisions. The amended article 8 of the articles of association of the Company shall read as follows: Article 8. Meetings of the Board.The Board may choose a secretary, who need not be a director, and who shall be responsible for keeping minutes of the meetings of the Board and of the resolutions passed at the General Meeting.The Board will meet upon call by the Chair. A meeting of the board must be convened if any two Directors so require.The Chair shall preside at all meetings of the Board of the Company, except that in his absence the Board may elect by a simple majority of the Directors present another Director or a duly qualified third party as Chair of the relevant meeting.Except in cases of urgency or with the prior consent of all those entitled to attend, at least 3 (three) days' written notice of board meetings shall be given. Any such notice shall specify the time and place of the meeting and the nature of the business to be transacted. No such written notice is required if all the members of the Board are present or represented during the meeting and if they state to have been duly informed, and to have had full knowledge of the agenda of the meeting. The written notice may be waived by the consent in writings, whether in original, by telefax, or e-mail to which an electronic signature (which is valid under the Law) is affixed, of each member of the Board. Separate written notice shall not be required for meetings that are held at times and places determined in a schedule previously adopted by resolution of the Board.Every Board meeting shall be held in Luxembourg or at such other place as the Board may from time to time determine. Any member of the Board may act at any meeting of the Board by appointing in writing, whether in original, by telefax, or e-mail to which an electronic signature (which is valid under the Law) is affixed, another Director as his or her proxy.A quorum of the Board shall be the presence of 4 (four) of the Directors holding office. Decisions will be taken by the affirmative votes of a simple majority of the Directors present or represented. Notwithstanding the foregoing, a resolution of the Board may also be passed in writing. Such resolution shall be unanimously approved by the Directors and shall consist of one or several documents containing the resolutions either (i) signed manually or electronically by means of an electronic signature which is valid under Luxembourg law or (ii) agreed upon via a consent in writing by e-mail to which an electronic signature (which is valid under Luxembourg law) is affixed. The date of such a resolution shall be the date of the last signature or, if applicable, the last consent.Any Director may participate in a meeting of the Board by conference call, video conference or similar means of communication equipment whereby (i) the Directors attending the meeting can be identified, (ii) all persons participating in the meeting can hear and speak to each other, (iii) the transmission of the meeting is performed on an on-going basis and (iv) the directors can properly deliberate, and participating in a meeting by such means shall constitute presence in person at such meeting. A meeting of the Board held by such means of communication will be deemed to be held in Luxembourg. EGM-item 6: REMOVAL OF REFERENCE TO LAW OF 24 MARCH 2011 ON SHAREHOLDER RIGHTS AND ALLOWING PARTICIPATION IN SHAREHOLDER MEETINGS THROUGH ELECTRONIC MEANS Following the Delisting, the law of 24 March 2011 on shareholder rights of listed companies is no longer applicable and, therefore, it is proposed to eliminate this reference from paragraph 5 of article 21 of the Articles. Additionally, it is proposed to amend paragraph 5 of article 21 of the Articles to allow the Board to authorize the participation of shareholders in general meetings through electronic means and video conference if it considers this necessary. The amended article 21 of the articles of association of the Company shall read as follows: Article 21. Procedure, Vote. The Shareholders will meet upon call by the Board or the auditor or the auditors made in the forms provided for by the Law. The notice will contain the agenda of the General Meeting. If all the Shareholders are present or represented at the General Meeting and if they state that they have been informed of the agenda of the General Meeting, the General Meeting may be held without prior notice. A Shareholder may act at any General Meeting by appointing another person who need not be a Shareholder as its proxy in writing whether in original, by telefax, or e-mail to which an electronic signature (which is valid under the Law) is affixed. The Shareholders may vote in writing (by way of voting bulletins) on resolutions submitted to the General Meeting provided that the written voting bulletins include (i) the last name, first name, address and the signature of the relevant Shareholder, (ii) the indication of the shares for which the shareholder will exercise such right, (iii) the agenda as set forth in the convening notice and (iv) the voting instructions (approval, refusal, abstention) for each point of the agenda. In order to be taken into account, the original or electronic copy of the voting bulletins must be received by the Company within the time period set by the Company's Board, or, absent any time period set by the Board, at least 72 (seventy-two) hours before the relevant General Meeting. The Board may authorize and arrange for the Shareholders to exercise their voting rights and participate in a General Meeting by means of a video conference or by electronic means ensuring their identification. Such means must satisfy technical characteristics which ensure effective participation in the meeting whose deliberations shall be transmitted without interruption. The participation of Shareholders and the exercise of their voting rights by electronic means shall ensure notably any, some or all of the following forms of participation: a) a real-time transmission of the Shareholders' General Meeting; b) a real-time two-way communication enabling Shareholders to address the General Meeting from a remote location; and c) a mechanism for casting votes, whether before or during the General Meeting, without the need to appoint a proxy who is physically present at the General Meeting. Any Shareholder who participates in a General Meeting through such means shall be deemed to be present at the place of the General Meeting for the purposes of the quorum and majority requirements. The use of such means allowing the Shareholders to take part in the General Meeting may be subject only to such requirements as are necessary to ensure the identification of the Shareholders and the security of the communication, and only to the extent that they are proportionate to achieving such objectives. The Board may determine the electronic and video conference means referred to above in this Article 21 para. 5 and all other conditions that must be fulfilled in order to take part in the General Meeting in accordance with any applicable law. The Shareholders shall be entitled at each General Meeting to one vote for every share. No quorum is required for the General Meeting and resolutions are adopted at such General Meeting by a simple majority of the votes cast. Unless otherwise required under the Law, an extraordinary General Meeting convened to amend any provisions of the Articles or the withdrawal of the Company's shares from public listing in going-private transaction, shall not validly deliberate unless at least one half of the share capital is represented and the agenda indicates the proposed amendments to the Articles. If the first of these conditions is not satisfied, a second extraordinary General Meeting may be convened, in the manner prescribed by the Articles or by the Law. The second extraordinary General Meeting shall validly deliberate regardless of the proportion of capital represented. At both extraordinary General Meetings, resolutions, in order to be adopted, must be adopted by a two-third majority of the votes cast. Copies or extract of the minutes of the General Meetings to be produced in court will be signed by the Chair or by any two Directors. EGM – item 7: FULL RESTATEMENT OF THE COMPANY'S ARTICLES OF ASSOCIATION It is proposed to fully restate the Articles incorporating the above changes approved at the EGM. The draft restated articles of association of the Company are available on the Company's website. Board of Directors April 11, 2025 The personal data of shareholders collected from the share register, notification of attendance to the AGM and EGM as well as information regarding representatives and advisors will be used for registration, drawing up of voting list for the AGM and EGM and, where applicable, minutes from the AGM and EGM. The personal data will be processed in accordance with the General Data Protection Regulation (Regulation (EU) 2016/679 of the European Parliament and of the Council). For more information, please contact: AGM/EGM Inquiries: Maria Florencia Maiori, Senior Legal Counselinformation@millicom.com Press: Sofia Corral, Director Corporate Communicationspress@millicom.com Investors: Michel Morin, VP Investor Relationsinvestors@millicom.com About Millicom Millicom (NASDAQ U.S.: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom is headquartered in Luxembourg, with its principal executive office in Doral, Florida. 1 However, notwithstanding anything to the contrary herein, the Bureau of the AGM/EGM shall have the discretionary power to exceptionally accept the voting of a shareholder at the AGM/EGM, even if the relevant proxy or notification form have a formal deficiency or was received after the deadlines contained herein.
First Financial Northwest, Inc. Announces Closing of Acquisition of First Financial Northwest Bank by Global Federal Credit Union - ForexTV
RENTON, Wash., April 11, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (NASDAQ GS: FFNW) (the “Company”), the former holding company of First Financial Northwest Bank (the “Bank”), today announced the closing, effective April 11, 2025, of the previously announced transaction whereby Global Federal Credit Union (“Global”), headquartered in Anchorage, Alaska, acquired substantially all of the assets and assumed substantially all of the liabilities (including deposit liabilities) of First Financial Northwest Bank. In connection with the closing of the transaction, the Company received $228.7 million in cash pursuant to the Purchase and Assumption Agreement by and among the Company, Global and the Bank, dated January 10, 2024. The Company also notified the Nasdaq Stock Market of its intent to delist shares of Company common stock effective on April 21, 2025. As of the close of business on that date, the Company will also close its stock transfer books. As a result, the Company’s common stock will no longer trade on the Nasdaq Global Select Market and Company shareholders will be unable to transfer Company common stock after April 21, 2025. The Company plans to distribute all of its remaining assets, including the purchase price received from Global, remaining after taxes and expenses, to Company shareholders in two or more distributions in the coming months. The Company expects to make an initial distribution on or about April 30, 2025, consisting of substantially all of the assets of the Company, less amounts retained to pay taxes and to pay known and anticipated expenses to be incurred in the wind-down and dissolution of the Company. As a condition to the payment of each shareholder’s pro rata portion of the initial distribution, shareholders with physical certificates are required to convert their certificates to book-entry with Computershare, the Company’s stock transfer agent. Shareholders with physical certificates will receive instructions by mail to effect such conversions. Following these distributions, the Company expects to dissolve the Company in accordance with Washington law. About First Financial Northwest, Inc.Prior to the completion of the transaction, First Financial Northwest, Inc. was the parent company of First Financial Northwest Bank, a Washington State-chartered commercial bank headquartered in Renton, Washington. For additional information visit ffnwb.q4ir.com. Forward-looking statements:When used in this press release and in other documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead represent management’s current expectations and forecasts regarding future events many of which are inherently uncertain and outside of our control. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions and statements about, among other things, the delisting, deregistration, wind-down and dissolution of the Company, the remaining expenses to be incurred in such process, and the remaining cash to be distributed to shareholders. These forward-looking statements are based on current management expectations and may, therefore, involve risks and uncertainties. Actual results may differ, possibly materially from those currently expected or projected in these forward-looking statements made by, or on behalf of, us, and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the SEC – that are available on our Investor Relations website at ffnwb.q4ir.com and on the SEC’s website at sec.gov. Any of the forward-looking statements that we make in this press release and in the other public statements are based upon management’s beliefs and assumptions at the time they are made and may turn out to be wrong because of the inaccurate assumptions we might make, because of the factors illustrated above or because of other factors that we cannot foresee. Therefore, these factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. Investor Contacts:Rich JacobsonExecutive Vice President and Chief Financial Officerjacobsonr@ffnorthwest.com(206) 573-4973Karla EvansAssistant Vice President, Investor Relationsevansk@ffnorthwest.com(206) 833-1259
Beyond Oil Expands into Three European Territories as Part of New Distribution Agreement With Royalty Trade and Receives Payment for First Shipment - ForexTV
New Distribution Agreement Further Expands Beyond Oil's European Footprint as Part of Its Global Growth Strategy; Company Received Payment for First Shipment of 5.4TVANCOUVER, BC and KIBBUTZ YIFAT, Israel, April 11, 2025 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) ("Beyond Oil" or the "Company"), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, is pleased to announce that it has signed a non-exclusive distribution agreement (the "Distribution Agreement") with Royalty Trade SL ("Royalty Trade"), for the distribution of Beyond Oil's oil filtration product in Spain, Hungary, and Belgium. Under the terms of the Distribution Agreement, which was signed and became effective on April 09, 2025, Royalty Trade will market, distribute, and sell Beyond Oil's proprietary oil treatment products to local and non-chain restaurants, hotels, catering services, and food service providers across Spain, Hungary, and Belgium. The collaboration is expected to help restaurants improve food quality and safety, and reduce waste and costs, aligning with the European push for more sustainable and healthy practices in the food service industry. The Distribution Agreement establishes a structured purchasing plan for orders that are expected to increase over the coming years. Beyond Oil is also pleased to announce that it has already received payment from Royalty Trade for an initial first shipment of 5.4 tonnes of its product, with the shipment currently in process, marking the start of commercialization under this Distribution Agreement. Jonathan Or, CEO of Beyond Oil, commented: "Expanding in Spain, Hungary, and Belgium marks another important step in our European growth strategy. This agreement with Royalty Trade, allows us to introduce our innovative oil treatment solution into markets that value sustainability and innovation. We are particularly encouraged by the swift commencement of commercial activity with our first shipment already in process. With Royalty Trade's expertise and established distribution network across these territories, we are confident in the success of this rollout." Pini Rozen and Roni Michalashvili, Co-Founders of Royalty Trade, remarked: "As entrepreneurs in the restaurant and distribution sectors, we are constantly seeking out innovative products that drive real impact. Beyond Oil fits perfectly into our vision, enabling us to improve food quality while reducing environmental impact. We are thrilled to bring this technology to restaurants across Spain, Hungary, and Belgium, with the goal to expand into other sectors in the future. We look forward to embarking on this exciting journey in partnership with the entire Beyond Oil team in Europe." The Distribution Agreement has a 12 month term, and will automatically renew for an additional 12 months, unless terminated earlier by either party with 3 months notice. About Beyond Oil Ltd.Beyond Oil Ltd. is a food-tech innovation company with over 15 years of dedication to creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies. The Company’s patented technology, with regulatory clearances from the FDA and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil’s solution tackles a global issue in the food industry: the widespread practice of reusing frying oil for hundreds of cycles across several days. This practice is common in restaurant kitchens, hotels, catering services, banquet halls, fried food manufacturing plants, and institutions such as schools, kindergartens, and military facilities. Beyond Oil's product is backed by extensive research which has highlighted its value in health risks associated with reused oil, including links to cancer and cardiovascular diseases. Beyond Oil’s product provides an effective means to mitigate these risks while offering additional benefits such as improved food quality, operational cost savings, and reduced environmental impact. For more information about Beyond Oil, please visit: www.beyondoil.co About Royalty Trade SLRoyalty Trade SL is part of the Royalty Line Group, which has established itself as a leader in advanced kitchen and household products worldwide. Since its foundation, Royalty Line has focused on providing users with easy-to-use, comfortable, durable, and innovative products in today's competitive market. The company specializes in high-quality cookware designed to meet the demanding needs of professional kitchens, with products trusted by chefs, restaurants, and food service providers globally. With a strong focus on durability, performance, and ergonomic design, Royalty Line delivers everything from precision-forged knives to non-stick cookware and innovative kitchen tools that enhance efficiency and elevate culinary experiences. Operating in over 40 countries with their own distribution and warehouse network, Royalty Line maintains a worldwide market presence across all sales channels, providing exceptional value, consistent quality, and reliable service to partners in the food industry. For more information, please visit: https://royaltyline.com/ Forward-Looking Statements and InformationThe Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains “forward-looking statements” within the meaning of the securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time at sedarplus.ca. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of third-party websites. Contacts:Beyond Oil Ltd.Jonathan Or, CEO and Co-founder+972 52-601-0680info@beyondoil.co Royalty Trade SLPini RozenManaging Directorpini@gruporozen.com Roni Michalashvili Managing Director roni@royaltyline.com ARX | Capital Markets AdvisorsNorth American Equities Deskbeyondoil@arxadvisory.com
Melcor REIT Announces Unitholder Approval of Plan of Arrangement - ForexTV
EDMONTON, Alberta, April 11, 2025 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) is pleased to announce that at the special meeting of the holders of units (the “Units”) and special voting units (the “SVUs” and together with the Units, the “Voting Units”) of the REIT held today (the “Meeting”), the holders of Voting Units (collectively, the “Voting Unitholders”) overwhelmingly voted in favour of a special resolution to approve the previously-announced plan of arrangement (the “Special Resolution”) pursuant to which, among other things, Melcor Developments Ltd. will acquire its unowned equity interest (approximately 45%) in Melcor REIT Limited Partnership (“REIT LP”) for $5.50 per Class A LP Unit in cash consideration (the “REIT LP Sale”). Melcor’s unowned equity interest in the REIT LP comprises all of the REIT LP’s outstanding Class A LP Units (approximately 13.0 million units). In accordance with the arrangement (the “Arrangement”), the REIT will use the proceeds from the REIT LP Sale to repurchase and cancel all of the REIT’s outstanding Units (the “Arrangement”). The Special Resolution required approval by at least: (i) 66⅔% of the votes cast by Voting Unitholders, voting as a single class, present in person or represented by proxy at the Meeting and entitled to vote at the Meeting; and (ii) a simple majority of the votes cast by Voting Unitholders present in person or represented by proxy at the Meeting and entitled to vote at the Meeting, excluding the votes cast by interested Voting Unitholders whose votes are to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Voting Unitholders holding 23,798,267 Voting Units, representing approximately 81.814% of the outstanding Voting Units of the REIT, were represented in person or by proxy at the Meeting. The Arrangement was approved by: (i) Voting Unitholders of the REIT holding 99.297% of the Voting Units voted; and (ii) Voting Unitholders holding 97.668% of the Voting Units voted, after excluding the votes cast by the Voting Unitholders whose votes were required to be excluded in determining minority approval under MI 61-101. The REIT is scheduled to seek a final order of the Court of King’s Bench of Alberta (the “Final Order”) approving the Arrangement on April 16, 2025. In addition to the Final Order, completion of the Arrangement is subject to the satisfaction or waiver of other customary closing conditions. Assuming the remaining conditions are satisfied or waived, it is expected that the Arrangement will be completed on or about April 23, 2025. Following completion of the Arrangement, the REIT’s Units will be de-listed from the Toronto Stock Exchange and an application will be made for the REIT to cease to be a reporting issuer. Unitholders of the REIT who are registered unitholders must complete and sign the Letter of Transmittal that was enclosed with the management information circular of the REIT dated March 10, 2025 and deliver it, together with the certificate(s) (if applicable) representing the Units and other documents required, to the depositary, Odyssey Trust Company, Trader’s Bank Building, 702 – 67 Yonge Street, Toronto, Ontario M5E 1J8, Attention: Corporate Actions. Unitholders who hold their Units in the name of an intermediary should contact that intermediary in regards to receiving consideration for their Units. About Melcor REIT Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages, and leases quality retail, office and industrial income-generating properties in western Canada. Its portfolio is currently made up of interests in 34 properties representing approximately 2.8 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan. For more information, please visit www.melcorREIT.ca. Contact Information:Tel: 1.780.945.4795 ir@melcorREIT.ca Voting Unitholders:Laurel Hill Advisory GroupNorth America (toll-free): 1-877-452-7184 Outside North America: 1-416-304-0211Email: assistance@laurelhill.com Forward Looking Statements This news release includes forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities laws. In some cases, forward-looking information can be identified by the use of words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, and by discussions of strategies that involve risks and uncertainties, certain of which are beyond the REIT’s control. In this news release, forward-looking information includes, among other things, statements relating to the timing and completion of the Arrangement, desilting of the Units and the REIT ceasing to be a reporting issuer. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT’s control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. The timing and completion of the Arrangement is subject to customary closing conditions, termination rights and other risks and uncertainties. Although management of the REIT believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that the any transaction, including the Arrangement, will occur or that it will occur on the timetable or on the terms and conditions contemplated. The Arrangement could be modified, restructured or terminated. Readers are cautioned not to place undue reliance on forward-looking information. Additional information on these and other factors that could affect the REIT are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website at www.sedarplus.ca. The forward-looking information contained in this news release is made as of the date of this news release and neither the REIT nor any other person assumes responsibility for the accuracy and completeness of any forward-looking information, and no one has any obligation to update or revise any forward-looking information, whether as a result of new information, future events or such other factors which affect this information, except as required by law.
The Children’s Place Reports Fourth Quarter and Full Year 2024 Results - ForexTV
Reports Third Consecutive Quarter of Adjusted Operating Profits Net Sales of $409 million for Fourth Quarter and $1.386 billion for Full Year Significant Improvement in Gross Profit Margin to 29% for Fourth Quarter and 33% for Full Year Lowest Level of SG&A Spending in more than 15 Years during Fourth Quarter and Full Year Improvement in Operating Income of $68.6 million for Fourth Quarter 2024 versus 2023 Significant Improvement in Liquidity Position with Completion of $90 Million Rights Offering subsequent to Year-End SECAUCUS, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty retailer in North America with an omni-channel portfolio of brands and an industry-leading digital-first model, today announced financial results for the fourth quarter ended February 1, 2025. Muhammad Umair, President and Interim Chief Executive Officer said, “During the fourth quarter, we continued our efforts to expand gross margin, reduce inefficient SG&A spending and remain laser-focused on improving the profitability of the business, which has enabled us to achieve a third consecutive quarter of adjusted operating profits. As expected, along with the ongoing transformation of our business model, these strategic changes and other macroeconomic headwinds have continued to put pressure on top-line sales. However, we remain extremely pleased with the resulting sequential improvement in the gross profit margin for all four quarters this year.” Mr. Umair added, “With the recent completion of our rights offering, we were also successful in deleveraging our balance sheet. We were able to raise additional capital of $90 million, with $29.8 million in gross cash proceeds, and the remaining $60.2 million being used to pay down a substantial portion of our first term loan from Mithaq. A pro forma balance sheet has been presented in this press release to reflect the impact of the rights offering on our balance sheet, had it been settled prior to the close of our fiscal 2024 year-end.” Mr. Umair continued, “Looking ahead for fiscal 2025, we remain determined to deliver profitable top-line sales as we continue to refine our omni-channel strategy and rebalance our product mix, by offering relevant product that resonates with parents. As we continue to optimize our marketing spend, we will re-invest in a revitalized loyalty program with a best-in-class unified customer database that will allow us to acquire, retain and reactivate our customers. As part of our reimagined business strategy, we are committed to strengthening and enhancing our store portfolio by improving the performance of our existing store fleet, while developing innovative designs to be used in targeted store openings for both The Children’s Place and Gymboree brands in the back-half of 2025 and beyond. Our Executive Chairman, Turki S. AlRajhi, provides a long-term outlook for the Company, with further details on these strategic initiatives and other business priorities, in his letter to shareholders that can be found on our corporate website at: https://corporate.childrensplace.com/chairmans-letters.” Mr. Umair concluded, “At a time when many families are already feeling pressure on their wallets, potential tariffs could represent additional headwinds for the apparel sector. We do expect margin pressure as a result, though we believe our existing country migration and diversification strategies have us well-positioned to partially offset potential impacts. At the same time, we see an opportunity as families grow increasingly value-conscious to continue to deliver quality at accessible prices, which can position us to capture trade-down traffic and support our customers when they need us most.” Fourth Quarter 2024 ResultsNet sales decreased $46.4 million, or 10.2%, to $408.6 million in the three months ended February 1, 2025, compared to $455.0 million in the three months ended February 3, 2024. The decrease in net sales was driven by a combination of the anticipated decrease in e-commerce revenue, as the Company proactively rationalized its unprofitable promotional strategies, inflated marketing spending and “free shipping” offers to improve profitability. The Company also experienced a decrease in brick-and-mortar revenue due to a lower store count and lower sales volume. This was partially offset by an increase in wholesale revenue, as we continue to strengthen relationships with our partners. We are exploring opportunities to expand our wholesale relationships and identify new revenue streams that can drive further revenue growth and profitability. Comparable retail sales decreased 15.3% for the quarter, largely driven by the planned decrease in e-commerce revenue, as the Company proactively sacrificed unprofitable sales to improve profitability. Gross profit increased $17.7 million to $116.6 million in the three months ended February 1, 2025, compared to $98.9 million in the three months ended February 3, 2024. The gross margin rate increased 680 basis points to 28.5% during the three months ended February 1, 2025, compared to 21.7% in the prior year period. The increase in margin was caused by a combination of factors, including reductions in product input costs, including cotton and supply chain costs, which negatively impacted margins in the prior year. These improvements in input costs were combined with the success of the Company’s strategies to rationalize profit-draining promotions and limit unprofitable shipping offers, in addition to optimized shipping carrier rates, which resulted in a significant reduction in freight costs. Selling, general, and administrative expenses were well-controlled at $100.6 million in the three months ended February 1, 2025, compared to $117.6 million in the three months ended February 3, 2024. Adjusted selling, general, and administrative expenses were $99.5 million in the three months ended February 1, 2025, compared to $118.7 million in the comparable period last year, and leveraged 170 basis points to 24.4% of net sales, despite the planned lower sales. This decrease was due to significant reductions in marketing expenses, as the Company eliminated inflated and unprofitable marketing costs and to a lesser extent, due to reductions in store payroll and corporate payroll. Similar to the third quarter, this represents the lowest level of Adjusted selling, general, and administrative expenses in more than 15 years for the fourth quarter of a fiscal year. Operating income was $6.8 million in the three months ended February 1, 2025, compared to Operating loss of $(61.8) million in the three months ended February 3, 2024. Adjusted operating income was $8.3 million in the three months ended February 1, 2025, compared to an Adjusted operating loss of $(30.9) million in the comparable period last year, and leveraged 880 basis points to 2.0% of net sales. Net interest expense was $8.7 million in the three months ended February 1, 2025, compared to $8.5 million in the three months ended February 3, 2024. The increase was due to the higher amortization of deferred financing costs associated with the unsecured loans entered into with the Company’s majority shareholder, Mithaq Capital SPC (“Mithaq”), partially offset by lower average interest rates associated with the Company’s revolving credit facility. Provision for income taxes was $6.1 million in the three months ended February 1, 2025, compared to $58.6 million during the three months ended February 3, 2024. The decrease was primarily driven by the establishment of a valuation allowance against the Company’s net deferred tax assets in the comparable period last year. The Company continues to adjust the valuation allowance based upon its ongoing operating results. Net loss was $(8.0) million, or $(0.62) per diluted share, in the three months ended February 1, 2025, compared to $(128.8) million, or $(10.24) per diluted share, in the three months ended February 3, 2024. Adjusted net loss was $(9.6) million, or $(0.75) per diluted share, compared to $(92.7) million, or $(7.37) per diluted share, in the comparable period last year. Fiscal Year 2024 ResultsNet sales decreased $216.2 million, or 13.5%, to $1.386 billion in the twelve months ended February 1, 2025, compared to $1.603 billion in the twelve months ended February 3, 2024. The decrease in net sales was primarily due to anticipated declines in e-commerce demand due to the rationalization of promotions, reductions in inflated and unprofitable marketing spend and the strategic decision to change “free shipping” offers, as the Company proactively sacrificed unprofitable sales in an effort to improve profitability. The Company also experienced a decrease in brick-and-mortar revenue due to a lower store count and lower sales volume. This was partially offset by an increase in wholesale revenue, as we continue to strengthen relationships with our partners. Comparable retail sales decreased 13.4% for the twelve months ended February 1, 2025, largely due to the planned decrease in e-commerce revenue. Gross profit increased $14.2 million to $459.5 million in the twelve months ended February 1, 2025, compared to $445.3 million in the twelve months ended February 3, 2024. The gross margin rate increased 530 basis points to 33.1% during the twelve months ended February 1, 2025, compared to 27.8% in the prior year period. The increase in margin was primarily due to reductions in product input costs, including cotton and supply chain costs, which negatively impacted margins in the prior year. These improvements in input costs were combined with the success of the Company’s strategies to rationalize profit-draining promotions and limit unprofitable shipping offers, in addition to optimized shipping carrier rates, which resulted in a significant reduction in freight costs. Selling, general, and administrative expenses were $405.6 million in the twelve months ended February 1, 2025, compared to $447.3 million in the twelve months ended February 3, 2024. Adjusted selling, general, and administrative expenses were $370.3 million in the twelve months ended February 1, 2025, compared to $432.5 million in the prior year, and leveraged 30 basis points to 26.7% of net sales. This decrease was due to significant reductions in marketing expenses, as the Company eliminated inflated and unprofitable marketing costs and to a lesser extent, due to reductions in store payroll, corporate payroll and professional fees. The Company was successful in reducing Adjusted selling, general, and administrative expenses by $62.3 million despite an increase in incentive compensation and equity compensation of $11.1 million. This represents the lowest level of Adjusted selling, general, and administrative expenses in more than 15 years for a full fiscal year. Operating loss was $(13.7) million in the twelve months ended February 1, 2025, compared to $(83.8) million in the twelve months ended February 3, 2024. Operating loss was impacted by incremental expenses of $66.4 million, which included an impairment charge of $28.0 million on the Gymboree tradename, primarily due to reductions in Gymboree sales forecasts, restructuring costs of $11.7 million primarily due to changes in the senior leadership team, several charges due to the Company’s change of control due to the investment in the Company by Mithaq, including $10.8 million of non-cash equity compensation charges and $3.8 million in other fees, and $7.0 million of financing-related charges related to several new financing initiatives. These charges have been classified as non-GAAP adjustments leading to a shift back to profitability with an Adjusted operating income of $52.7 million in the twelve months ended February 1, 2025, or an improvement of $85.2 million compared to an Adjusted operating loss of $(32.5) million in the prior year, and leveraged 580 basis points to 3.8% of net sales. Net interest expense was $35.7 million in the twelve months ended February 1, 2025, compared to $30.0 million in the twelve months ended February 3, 2024. The increase in interest expense was primarily driven by higher interest-equivalent charges from loans entered into with Mithaq, and higher average interest rates associated with the Company’s revolving credit facility due to the impact of refinancings, partially offset by lower average borrowings on the revolving credit facility. Provision for income taxes was $8.4 million in the twelve months ended February 1, 2025, compared to $40.7 million during the twelve months ended February 3, 2024. The decrease was primarily driven by the establishment of a valuation allowance against the Company’s net deferred tax assets in the prior year and a shift in the jurisdictional earnings mix. The Company continues to adjust the valuation allowance based upon its ongoing operating results. Net loss, which included certain non-cash impairment charges, restructuring charges, and charges due to the Company’s change in control, was $(57.8) million, or $(4.53) per diluted share, in the twelve months ended February 1, 2025, compared to $(154.5) million, or $(12.34) per diluted share, in the twelve months ended February 3, 2024. Adjusted net income was $5.5 million, or $0.43 per diluted share, compared to an Adjusted net loss of $(103.3) million, or $(8.25) per diluted share, in the prior year. Store Update During the fourth quarter, the Company opened its first new store in more than two years, which was a Gymboree stand-alone store located in Garden State Plaza Mall. The Company closed 16 stores in the three months ended February 1, 2025, and ended the year with 495 stores. Balance Sheet and Cash FlowAs of February 1, 2025, the Company had $5.3 million of cash and cash equivalents, $40.2 million of borrowing availability under its revolving credit facility and an additional $40.0 million of availability under the unsecured Commitment Letter provided by Mithaq, representing total liquidity of $85.5 million. The Company had $245.7 million outstanding on its revolving credit facility and has not drawn down on its Mithaq credit facility. Additionally, the Company used $117.6 million in operating cash flows in the twelve months ended February 1, 2025. Inventories were $399.6 million as of February 1, 2025, compared to $362.1 million as of February 3, 2024. On February 6, 2025, the Company raised $90 million in capital and issued 9.2 million shares of Common Stock, pursuant to the completion of its rights offering. The shares issued were settled through the receipt of $29.8 million in cash, which was substantially used to prepay amounts owed under our revolving credit facility with Wells Fargo and other bank lenders, and a reduction of $60.2 million in the amount owed by the Company under its first term loan from Mithaq. Had the transaction been completed on February 1, 2025, the cash available to prepay our revolving credit facility would have increased to $35.2 million and our aggregate long-term debt due to Mithaq would have decreased to $106.8 million, as of the end of the fiscal year. Refer to the “Pro forma Balance Sheet” presented later in this press release which reflects the impact of the rights offering on the Company’s financial position. Non-GAAP ReconciliationThe Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), adjusted net income (loss) per diluted share, adjusted gross profit, adjusted selling, general, and administrative expenses, and adjusted operating income (loss) are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business. Please refer to the “Reconciliation of Non-GAAP Financial Information to GAAP” later in this press release, which sets forth the non-GAAP operating adjustments for the 13-week period and 52-week period ended February 1, 2025, and for the 14-week period and 53-week period ended February 3, 2024. About The Children’s PlaceThe Children’s Place is the largest pure-play children’s specialty retailer in North America with an omni-channel portfolio of brands and an industry-leading digital-first model. Its global retail and wholesale network includes two digital storefronts, 495 stores in North America, wholesale marketplaces and distribution in 13 countries through six international franchise partners. The Children’s Place designs, contracts to manufacture, and sells fashionable, high-quality, head-to-toe outfits predominantly at value prices, primarily under its proprietary brands: “The Children’s Place”, “Gymboree”, “Sugar & Jade”, and “PJ Place”. For more information, visit: www.childrensplace.com and www.gymboree.com. Forward-Looking StatementsThis press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives and results of operations, including adjusted net income (loss) per diluted share. Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate,” “believe” and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including in the “Part 1, item1A. Risk Factors” section of its annual report on Form 10-K for the fiscal year ended February 3, 2024. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unable to achieve operating results at levels sufficient to fund and/or finance the Company’s current level of operations and repayment of indebtedness, the risk that changes in trade policy and tariff regimes, including newly imposed U.S. tariffs and any responsive non-U.S. tariffs, may impact the Company’s international manufacturing and operations or our customers’ discretionary spending habits, the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by changes in economic conditions (including inflation), the risk that changes in the Company’s plans and strategies with respect to pricing, capital allocation, capital structure, investor communications and/or operations may have a negative effect on the Company’s business, the risk that the Company’s strategic initiatives to increase sales and margin, improve operational efficiencies, enhance operating controls, decentralize operational authority and reshape the Company’s culture are delayed or do not result in anticipated improvements, the risk of delays, interruptions, disruptions and higher costs in the Company’s global supply chain, including resulting from disease outbreaks, foreign sources of supply in less developed countries, more politically unstable countries, or countries where vendors fail to comply with industry standards or ethical business practices, including the use of forced, indentured or child labor, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, various types of litigation, including class action litigations brought under securities, consumer protection, employment, and privacy and information security laws and regulations, risks related to the existence of a controlling shareholder, and the uncertainty of weather patterns, as well as other risks discussed in the Company’s filings with the SEC from time to time. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contact: Investor Relations (201) 558-2400 ext. 14500 THE CHILDREN’S PLACE, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share amounts)(Unaudited) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Net sales$408,562 $455,034 $1,386,269 $1,602,508 Cost of sales 291,977 356,123 926,808 1,157,234 Gross profit 116,585 98,911 459,461 445,274 Selling, general and administrative expenses 100,574 117,587 405,550 447,343 Depreciation and amortization 9,206 11,652 39,612 47,186 Asset impairment charges — 31,429 28,000 34,543 Operating income (loss) 6,805 (61,757) (13,701) (83,798)Related party interest expense (1,939) — (6,493) — Other interest expense, net (6,778) (8,518) (29,254) (30,000)Loss before provision for income taxes (1,912) (70,275) (49,448) (113,798)Provision for income taxes 6,078 58,561 8,371 40,743 Net loss$(7,990) $(128,836) $(57,819) $(154,541) Loss per common share (1) Basic$(0.62) $(10.24) $(4.53) $(12.34)Diluted$(0.62) $(10.24) $(4.53) $(12.34) Weighted average common shares outstanding (1) Basic 12,805 12,577 12,766 12,522 Diluted 12,805 12,577 12,766 12,522 (1) In connection with the completion of the rights offering on February 6, 2025, the Company’s weighted average common shares outstanding and basic and diluted loss per share were retroactively adjusted for all periods presented by a factor of 1.002. THE CHILDREN’S PLACE, INC.RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION TO GAAP(In thousands, except per share amounts)(Unaudited) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Net loss$(7,990) $(128,836) $(57,819) $(154,541) Non-GAAP adjustments: Fleet optimization 571 1,546 1,428 3,086 Restructuring costs 498 (225) 11,678 10,458 Accelerated depreciation 432 597 2,246 1,959 Asset impairment charges — 31,429 28,000 34,543 Change of control — — 14,589 — Contract termination costs — — 7,008 2,961 Credit agreement / lender-required consulting fees — 1,012 2,390 1,762 Canada distribution center closure — — 781 — Professional and consulting fees — — 580 — Provision for legal settlement — 3,000 (2,279) 3,000 Settlement payment received — (6,461) — (6,461)Aggregate impact of non-GAAP adjustments 1,501 30,898 66,421 51,308 Income tax effect (1) (3,113) 5,228 (3,113) (80)Net impact of non-GAAP adjustments (1,612) 36,126 63,308 51,228 Adjusted net income (loss)$(9,602) $(92,710) $5,489 $(103,313) GAAP net loss per common share$(0.62) $(10.24) $(4.53) $(12.34) Adjusted net income (loss) per common share$(0.75) $(7.37) $0.43 $(8.25) (1) The tax effects of the non-GAAP items are calculated based on the statutory rate of the jurisdiction in which the discrete item resides, adjusted for the impact of any valuation allowance. THE CHILDREN’S PLACE, INC.RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION TO GAAP(In thousands, except per share amounts)(Unaudited) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Operating income (loss)$6,805 $(61,757) $(13,701) $(83,798) Non-GAAP adjustments: Fleet optimization 571 1,546 1,428 3,086 Restructuring costs 498 (225) 11,678 10,458 Accelerated depreciation 432 597 2,246 1,959 Asset impairment charges — 31,429 28,000 34,543 Change of control — — 14,589 — Contract termination costs — — 7,008 2,961 Credit agreement / lender-required consulting fees — 1,012 2,390 1,762 Canada distribution center closure — — 781 — Professional and consulting fees — — 580 — Provision for legal settlement — 3,000 (2,279) 3,000 Settlement payment received — (6,461) — (6,461)Aggregate impact of non-GAAP adjustments 1,501 30,898 66,421 51,308 Adjusted operating income (loss)$8,306 $(30,859) $52,720 $(32,490) THE CHILDREN’S PLACE, INC.RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION TO GAAP(In thousands, except per share amounts)(Unaudited) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Gross profit$116,585 $98,911 $459,461 $445,274 Non-GAAP adjustments: Change of Control — — 905 —Aggregate impact of non-GAAP adjustments — — 905 — Adjusted gross profit$116,585 $98,911 $460,366 $445,274 Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Selling, general and administrative expenses$100,574 $117,587 $405,550 $447,343 Non-GAAP adjustments: Fleet optimization (571) (1,546) (1,428) (3,086)Restructuring costs (498) 225 (11,678) (10,458)Change of control — — (13,684) — Contract termination costs — — (7,008) (2,961)Credit agreement / lender-required consulting fees (1,012) (2,390) (1,762)Canada distribution center closure — — (781) — Professional and consulting fees — — (580) — Provision for legal settlement — (3,000) 2,279 (3,000)Settlement payment received — 6,461 — 6,461 Aggregate impact of non-GAAP adjustments (1,069) 1,128 (35,270) (14,806) Adjusted selling, general and administrative expenses$99,505 $118,715 $370,280 $432,537 THE CHILDREN’S PLACE, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)(Unaudited) February 1, 2025 February 3, 2024* Assets: Cash and cash equivalents$ 5,347 $ 13,639 Accounts receivable 42,701 33,219 Inventories 399,602 362,099 Prepaid expenses and other current assets 20,354 43,169 Total current assets 468,004 452,126 Property and equipment, net 97,487 124,750 Right-of-use assets 161,595 175,351 Tradenames, net 13,000 41,123 Other assets 7,466 6,958 Total assets$ 747,552 $ 800,308 Liabilities and Stockholders’ Deficit: Revolving loan$ 245,659 $ 226,715 Accounts payable 126,716 225,549 Current portion of operating lease liabilities 67,407 69,235 Accrued expenses and other current liabilities 78,336 94,905 Total current liabilities 518,118 616,404 Long-term debt — 49,818 Related party long-term debt 165,974 — Long-term portion of operating lease liabilities 107,287 118,073 Other long-term liabilities 15,584 25,032 Total liabilities 806,963 809,327 Stockholders’ deficit (59,411) (9,019)Total liabilities and stockholders’ deficit$ 747,552 $ 800,308 * Derived from the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024. THE CHILDREN’S PLACE, INC.PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET(In thousands)(Unaudited) February 1, 2025 Pre-Rights Offering Adjustments Post Rights Offering (in thousands)Cash and cash equivalents$ 5,347 $ 29,813 $ 35,160Total assets 747,552 29,813 777,365 Related party long-term debt 165,974 (59,148) 106,826Total liabilities 806,963 (59,148) 747,815 Stockholder's equity (deficit) (59,411) 88,961 29,550Total liabilities and stockholder’s equity (deficit)$ 747,552 $ 29,813 $ 777,365 Number of shares of Common stock outstanding 12,782 9,231 22,013 THE CHILDREN’S PLACE, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) Fiscal Year Ended February 1, 2025 February 3, 2024 Net loss$(57,819) $(154,541)Non-cash adjustments 160,143 197,448 Working capital (219,918) 49,893 Net cash provided by (used in) operating activities (117,594) 92,800 Net cash used in investing activities (15,830) (27,790) Net cash provided by (used in) financing activities 128,398 (68,268) Effect of exchange rate changes on cash and cash equivalents (3,266) 208 Net decrease in cash and cash equivalents (8,292) (3,050) Cash and cash equivalents, beginning of period 13,639 16,689 Cash and cash equivalents, end of period$5,347 $13,639
Louis Limited Introduces AI-Powered Financial Insights for Global Market - ForexTV
Louis Limited launches an AI-powered trading app globally that tracks traders' emotional responses to market fluctuations. Founded in Malaysia in 2019, the company expands from serving 6,000 local clients through its platform that offers behavioral analytics, real-time trade mirroring, and portfolio tracking through MT5 integration. Photo Courtesy of Louis Limited KUALA LUMPUR, Malaysia, April 11, 2025 (GLOBE NEWSWIRE) -- Louis Limited, a leader in fintech education, has announced the global launch of its AI-powered trading app. This cutting-edge platform combines behavioral analytics, emotional tracking, and real-time trade transparency to empower retail traders with tools that enhance decision-making and optimize trading strategies. Founded in 2019 in Malaysia as "LOUIS LIMITED TRADING," the company has built a reputation in financial education through mentorship coaching in the financial market. Louis Limited has served over 6,000 clients in Malaysia and is now expanding its reach globally with its new app. AI-Powered Features Transform Trading Experience The Louis Limited app offers advanced features tailored to meet the needs of today's traders. The app utilizes AI behavioral analysis to track users' emotional responses to market fluctuations, allowing them to identify patterns in their trading behavior. Personalized monthly reports highlight strengths and areas for improvement. The platform also provides real-time trade mirroring, giving users access to Louis Limited's trades and detailed insights into each execution. A live calendar and breaking news alerts inform users about macroeconomic events and market developments. Integrating MetaTrader 5 (MT5) further enhances the app's functionality. This integration enables users to track their portfolios in real-time. This seamless connection reflects the company's dedication to creating a transparent and user-friendly trading experience. Louis Limited's founder and CEO stated about the platform's capabilities: "Trading is not just about numbers; it's about understanding your behavior and emotions. Our AI tools provide clarity and confidence, enabling traders to navigate the complexities of the market effectively." Emotional Intelligence Fills Gap in Retail Trading Education Louis Limited has identified critical gaps in retail trading education and addressed them through its distinct approach. The app's focus on emotional tracking distinguishes it from competitors. The app tackles one of the most overlooked aspects of trading—psychological discipline. Combining psychological insights with technical analysis offers a holistic solution that resonates with novice and experienced traders. The company also recognizes the challenges posed by regulatory requirements during global expansion. Its features comply with diverse financial regulations while maintaining data privacy standards. This adaptability positions Louis Limited as a thoughtful player in the fintech education sector. Global Expansion Through AI-Driven Educational Platform Since its founding in 2019, Louis Limited has evolved from a regional mentorship service in Malaysia to a global leader in fintech education. The company has served over 6,000 clients locally through personalized coaching programs and now applies its expertise to scale internationally with its AI-driven platform. Louis Limited plans to expand its educational offerings through partnerships with accreditation bodies. These initiatives align with its goal to make sophisticated trading tools accessible to everyone, regardless of experience level or geographic location. The founder reflected on the company's journey: "Our goal remains simple—to empower traders with actionable insights that foster confidence and success in their financial journeys." Visit Louis Limited's website to learn more about the app and its features. About Louis Limited Founded in 2019 and headquartered in Kuala Lumpur, Malaysia, Louis Limited specializes in fintech education and AI-driven trading solutions. The company has served over 6,000 clients locally and is now expanding globally with its app platform. Louis Limited aims to foster financial literacy worldwide. Contact Information: Contact Person's Name: Louis LimitedOrganization / Company: Louis LimitedCompany website: https://louislimitedapp.comContact Email Address: louis.limited618@gmail.com _________________ If you like to change any of our drafts, please revise the draft directly in this document.Once approved and published, stories can no longer be updated or edited. Any further edits after publication require a $500 fee for retraction.Please let us know if you need a different image. Otherwise, the image in this document will be displayed in the release. Publications allow one image only.Article image should be landscape and in high resolution format. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca39787c-95d3-4765-9575-653667f99e89
Theratechnologies Responds to Future Pak’s Press Release and Announces Exclusive Discussions with Another Potential Acquiror for the Sale of the Company - ForexTV
MONTREAL, April 11, 2025 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (“Theratechnologies” or the “Company”) (TSX: TH) (NASDAQ: THTX), a commercial-stage biopharmaceutical company, wishes to address its shareholders in response to a press release issued today by Future Pak, LLC (“Future Pak”) regarding its proposals to acquire the Company. The Company believes its shareholders should be aware of the following: In August 2024, the Company received a first unsolicited non-binding proposal from Future Pak to acquire the Company. The proposed closing cash consideration of US$100 million was not attractive to the board of directors of the Company (the “Board”) and the proposal was rejected by the Company.The Company received a second unsolicited non-binding proposal from Future Pak in January 2025, which could not be entertained as the Company was under exclusivity with another potential acquiror (the “Potential Acquiror”).The Company did not immediately renew its initial exclusivity period with the Potential Acquiror upon its expiry, in an attempt to enter into a customary non-disclosure agreement with Future Pak containing a typical standstill undertaking in order to discuss with Future Pak under normal rules of engagement. Future Pak’s initial position was that it would not sign such an agreement unless they were provided exclusivity. When Future Pak was finally prepared to sign a non-disclosure agreement, the Company had already renewed exclusivity with the Potential Acquiror. At this time, Future Pak was informed that it would have a future opportunity to engage with the Company.The Future Pak non-binding proposals have been made without Future Pak having completed any due diligence on the Company other than publicly available information. The Potential Acquiror has performed extensive due diligence on the Company and the parties are negotiating a definitive agreement relating to a potential acquisition of all outstanding shares of the Company. Based on the Company’s discussions to date with the Potential Acquiror, in the event a definitive agreement is entered into with the Potential Acquiror, it will contain a “go shop” provision allowing the Company, for a limited period following signature, to engage with other potential acquirors, including Future Pak. The Board has formed a special committee comprised solely of independent directors to review the proposals and determine the course of action that is in the best interests of the Company and its stakeholders. The special committee is assisted by Barclays Capital Inc. as financial advisor and Fasken Martineau DuMoulin LLP as external legal advisor. There is no assurance that a definitive agreement will be reached in relation to any proposal. The Company does not intend to provide further updates or comments with respect to the foregoing, other than as required pursuant to applicable securities laws, to allow the special committee to diligently pursue its mandate and not adversely affect discussions with the Potential Acquiror. About Theratechnologies Theratechnologies (TSX: TH) (NASDAQ: THTX) is a specialty biopharmaceutical company focused on the commercialization of innovative therapies that have the potential to redefine standards of care. Further information about Theratechnologies is available on the Company's website at www.theratech.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Follow Theratechnologies on LinkedIn and X. Forward-Looking Information This press release contains forward-looking statements and forward-looking information (collectively, “Forward-Looking Statements”), within the meaning of applicable securities laws, that are based on our management’s beliefs and assumptions and on information currently available to our management. You can identify Forward-Looking Statements by terms such as “may”, “will”, “should”, “could”, “promising”, “would”, “outlook”, “believe”, “plan”, “envisage”, “anticipate”, “expect” and “estimate”, or the negatives of these terms, or variations of them. The Forward-Looking Statements contained in this press release include, but are not limited to, the unsolicited proposals received by the Company from Future Pak for the acquisition of the Company; the outcome of discussions with the Potential Acquiror and the signature of a definitive agreement in relation thereto, including its terms and conditions; the review and evaluation by the special committee of proposals received by the Company from potential acquirors; the process relating to such review and any potential outcomes thereof; and other statements that are not historical facts. Although the Forward-Looking Statements contained in this press release are based upon what the Company believes are reasonable assumptions in light of the information currently available, investors are cautioned against placing undue reliance on this information since actual results may vary from the Forward-Looking Statements. Forward-Looking Statements assumptions are subject to a number of risks and uncertainties, many of which are beyond Theratechnologies’ control, that could cause actual results to differ materially from those that are disclosed in or implied by such Forward-Looking Statements. These risks and uncertainties include, but are not limited to: the possibility that the Company, its Board, its special committee and a potential acquiror cannot come to an agreement on the terms and conditions of such potential acquiror’s proposal or will not proceed with giving shareholders an opportunity to accept or vote in favour of such proposal; the possibility that the terms and conditions of any definitive agreement in respect of a potential acquiror’s proposal will differ from those that are currently contemplated; if a definitive agreement is reached, the failure to obtain or satisfy, in a timely manner or otherwise, required shareholder, court and regulatory approvals and other conditions of closing necessary to complete the transaction; the possibility that the special committee’s review does not result in a transaction; credit, market, currency, operational, commodity, geopolitical, liquidity and funding risks generally, including changes in economic conditions, interest rates or tax rates; the possibility of adverse reactions or changes in business relationships resulting from the announcement or completion of a transaction; other risks inherent to the Company’s business and/or factors beyond its control which could have a material adverse effect on the Company or its ability to consummate a transaction to effect a potential acquiror’s proposal. The Company refers current and potential investors to the “Risk Factors” section of the Company’s Annual Information Form filed on Form 20-F dated February 26, 2025 available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov under Theratechnologies’ public filings for the risks associated with the business. The reader is cautioned to consider these and other risks and uncertainties carefully and not to put undue reliance on Forward-Looking Statements. Forward-Looking Statements reflect current expectations regarding future events and speak only as of the date of this press release and represent our expectations as of that date. Contacts: Investor inquiries:Philippe Dubuc Senior Vice President and Chief Financial Officer pdubuc@theratech.com 438-315-6608 Media inquiries:Julie SchneidermanSenior Director, Communications & Corporate Affairscommunications@theratech.com 514-336-7800