Melanie Lawson and Ted Oberg are getting answers to your questions about reopening Texas in an ABC13 town hall special, Thursday at 7 p.m.
NEXITY LAUNCHES AN ISSUANCE OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (OCEANES) DUE 2028 FOR UP TO APPROXIMATELY €270M AND A CONCURRENT REPURCHASE OFFER WITH RESPECT TO THE OUTSTANDING OCEANES DUE 2023 ISSUED IN MAY 2016 BY WAY OF A REVERSE BOOKBUILDING PROCESS Paris, 13th April 2021 Offering of bonds convertible into new shares and/or exchangeable for existing shares due April 19th, 2028 (the “2028 OCEANEs” or the “Bonds”) (subject to the condition precedent of the Company receiving indications of interest in the concurrent Repurchase (as defined below) from holders of the 2023 OCEANEs (as defined below) for at least 60% of the number of 2023 OCEANEs (as defined below) initially issued). Nexity (the “Company” or “Nexity”) announces today the launch of an offering of 2028 OCEANEs for a base nominal amount of approximately €240m. The Company has an additional allocation option to increase the size of the offering up to €270m. The issuance net proceeds of this offering will be used to extend the maturity of Nexity’s indebtedness by financing the repurchase of part or all of the outstanding €270m OCEANEs due 2023 issued on May 13th 2016 (the “2023 OCEANEs”) tendered by their holders during the repurchase proposal (as detailed further below) and, as the case may be, to address the general financing needs of the Company. The nominal unit value per 2028 OCEANE will be set at a premium between 40% and 45% above Nexity’s reference share price1 on the regulated market of Euronext in Paris (”Euronext Paris”). The 2028 OCEANEs will be issued at par and will bear interest at an annual rate comprised between 0.375% and 0.875%, payable semi-annually in arrears on April 19th and October 19thof each year (or on the following business day if such date is not a business day) and for the first time on October 19th, 2021. The final terms of the 2028 OCEANEs are expected to be determined following the completion of the bookbuilding process later today and the settlement and delivery of the 2028 OCEANES is expected to take place on April 19th, 2021 (the “Issue Date”). Dilution For illustrative purposes, based on a 270 million euros nominal amount and a par value of 61.656 euros per 2028 OCEANEs, the dilution would approximately represent 7.80% of the outstanding share capital if the Company decided to deliver only new shares. Redemption Unless previously converted and/or exchanged, redeemed or repurchased and cancelled, the 2028 OCEANEs will be redeemed at par on April 19th, 2028 (or on the following business day if this date is not a business day) (the “Maturity Date”). The 2028 OCEANEs may be redeemed before the Maturity Date at the option of Nexity, under certain conditions, and at the option of bondholders in case of Change of Control or in case of Delisting (as defined in the terms and conditions of the Bonds). In particular, the Bonds may be fully redeemed at Nexity’s option at any time from May 12th, 2025 until the Maturity Date, subject to a minimum 30 (but no more than 60) days’ prior notice, if the arithmetic average of the products of Nexity’s share volume-weighted average price on Euronext Paris and the prevailing conversion ratio (calculated over a period of 20 consecutive trading days chosen by the Company from among the 30 consecutive trading days ending on (and including) the trading day immediately preceding the day of the publication of the early redemption notice) exceeds 130% of the nominal value of the Bonds. The Bonds may also be fully redeemed at any time, subject to a minimum 30 (and a maximum 60) days’ prior notice, if 85% or more in principal amount of the Bonds originally issued have been converted/exchanged and/or redeemed and/or purchased by Nexity and cancelled. Lock-up In the context of the 2028 OCEANEs offering, the Company will agree to a lock-up undertaking for a period starting from the announcement of the final terms of the 2028 OCEANEs and ending 90 calendar days after the settlement and delivery date of the 2028 OCEANEs, subject to certain customary exceptions. Legal framework An application will be made for the admission of the 2028 OCEANEs to trading on the non-regulated open market of Euronext Paris (Euronext AccessTM), the non-regulated market of Euronext Paris. Such listing is expected within 30 days from the settlement date. The Bonds, which will be issued as per the 28th resolution approved by the shareholders’ ordinary and extraordinary general meeting held on May 19th, 2020 and will be offered by way of a placement, in France and outside France (excluding the United States of America, Canada, Australia, South Africa and Japan) to qualified investors only as defined in article 2(e) of Regulation (EU) 2017/1129 in accordance with Article L.411-2 1° of the French Monetary and Financial Code (Code monétaire et financier). As per the 29th resolution approved at the same shareholders' meeting, the Company has the option to increase the amount of the issue by fifteen per cent (15%) of the nominal amount of the Bonds within a maximum amount of 300 million euros. Available information The Issuance and the admission to trading on Euronext AccessTM are not subject to a prospectus approved by the French Financial Market Authority (Autorité des marchés financiers) (the “AMF”). Detailed information on Nexity, including its business, results, prospects and related risk factors are described in the Company’s universal registration document (document d’enregistrement universel) filed with the AMF on April, 9th 2021 under number D.21-0283 , which is available together with other regulated information and all press releases of the Company, on Nexity’s website (www.nexity.fr). The offering is being managed by BNP PARIBAS, Crédit Agricole Corporate and Investment Bank, J.P. Morgan AG acting as Joint Global Coordinators and Joint Bookrunners (together the “Joint Bookrunners”). The Repurchase (as defined below) is being managed by BNP PARIBAS, Crédit Agricole Corporate & Investment Bank, J.P. Morgan AG acting as Joint Dealer Managers. Repurchase under certain conditions of the “2023 OCEANEs” (ISIN code: FR0013170925) Concurrently to the launch of the offering of the 2028 OCEANEs, Nexity launches today the repurchase of the 2023 OCEANEs, whose outstanding amount is equal to the initial issue amount, i.e. €269,999,943.80 corresponding to 4,199,066 2023 OCEANEs. Repurchase Price In order to repurchase the 2023 OCEANEs, the Company will conduct today, via the Joint Dealer Managers, a reverse bookbuilding process (the “Repurchase”) to collect indications of interest to sell 2023 OCEANEs on the basis of a price (including accrued interest) per 2023 OCEANE between EUR 66.60 and EUR 66.90. Transaction Conditions The Repurchase is targeted at holders of the 2023 OCEANEs that are eligible in their respective jurisdictions, in particular that are not persons located or resident in the United States or persons acting for the account or benefit of such persons willing to sell their 2023 OCEANEs to Nexity. The settlement and delivery of the Repurchase is expected to occur on April 20th, 2021, subject to the condition precedent of the settlement and delivery of the 2028 OCEANEs on April 19th, 2021 and subject to the following paragraph. The Company reserves the right not to proceed with the Repurchase and the issuance of the 2028 OCEANEs if indications of interests received from holders of the 2023 OCEANEs pursuant to this process represent less than 60% of the number of 2023 OCEANEs initially issued. The 2023 OCEANEs repurchased by the Company will be cancelled in accordance with their terms and conditions and in accordance with the law. The bookbuilding process of the 2028 OCEANEs and the reverse bookbuilding process of the 2023 OCEANEs are independent one from the other. The allocation of the 2028 OCEANEs is not contingent upon the indications of interest to sell expressed by the holders of the 2023 OCEANEs in the reverse bookbuilding process. The Company also reserves the right, after completion of Repurchase, to exercise its right to redeem, at its option, the 2023 OCEANEs in accordance with their terms and conditions. The Company will announce through a press release the number of 2023 OCEANEs repurchased through the Repurchase and the price per 2023 OCEANE repurchased. INDICATIVE TIMETABLE 13th April 2021 Press release from the Company announcing the launch and the indicative terms of the 2028 OCEANEs issuance and of the RepurchaseStart of the bookbuilding of the placement to qualified investors only and of the reverse bookbuildingEnd of the bookbuilding of the placement to qualified investors only and of the reverse bookbuildingDetermination of the final terms of the 2028 OCEANEs issuance and of the RepurchasePress release from the Company announcing the final terms of the 2028 OCEANEs issuance and of the Repurchase 19th April 2021 Settlement and delivery of the 2028 OCEANEs issuance 20th April 2021 Settlement and delivery of the Repurchase AT NEXITY, WE AIM TO SERVE ALL OUR CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVEWith more than 11,000 employees and €4.9 billion in revenue in 2020, Nexity is France’s leading integrated real estate group, with a nationwide presence and business operations in all areas of real estate development and services for individuals, companies and local authorities. Our services platform is designed to serve all our clients as their real estate needs evolve. Firmly committed to focusing on people and how they are connected with each other, their cities and the environment, Nexity was named the number-one low-carbon project owner in France among real estate developers ranked by BBCA in 2020, is a member of the Bloomberg Gender-Equality Index (GEI) and obtained Great Place to Work certification in 2020. Nexity is listed on the SRD, Euronext’s Compartment A and the SBF 120. CONTACTThierry CHEREL – Head of Investor Relations / investorrelations@nexity.fr Disclaimer Important information This press release may not be released, published or distributed, directly or indirectly, in or into the United States of America, Australia, Canada, South Africa or Japan. The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes, should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No communication or information relating to the offering of the Bonds may be transmitted to the public in a country where there is a registration obligation or where an approval is required. No action has been or will be taken in any country in which such registration or approval would be required. The issuance or the subscription of the Bonds may be subject to legal and regulatory restrictions in certain jurisdictions; none of Nexity and the Joint Bookrunners assumes any liability in connection with the breach by any person of such restrictions. This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 (as amended the “Prospectus Regulation”) and Regulation (EU) 2017/1129 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”). This press release is not an offer to the public, an offer to subscribe or designed to solicit interest for purposes of an offer to the public other than to qualified investors in any jurisdiction, including France. The Bonds will be offered only by way of a placement in France and outside France (excluding the United States of America, Australia, Canada, South Africa and Japan), solely to qualified investors as defined in point (e) of article 2 of the Prospectus Regulation and article 2 of the UK Prospectus Regulation and there will be no public offering in any country (including France) in connection with the Bonds, other than to qualified investors. This press release does not constitute a recommendation concerning the issue of the Bonds. The value of the Bonds and the shares can decrease as well as increase. Potential investors should consult a professional adviser as to the suitability of the Bonds for the person concerned. Prohibition of sales to retail investors in the European Economic Area No action has been undertaken or will be undertaken to make available any Bonds to any retail investor in the European Economic Area. For the purposes of this press release, a) the expression “retail investor” means a person who is one (or more) of the following: i. a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or ii. a customer within the meaning of Directive (EU) 2016/97 (as amended, the “Insurance Distribution Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or iii. a person other than a “qualified investor” as defined in the Prospectus Regulation. b) the expression “offer” includes the communication in any form and by any means of sufficient information on the terms of the offer and the Bonds to be offered so as to enable an investor to decide to purchase or to subscribe to the Bonds. Consequently no key information document required by Regulation (EU) 1286/2014 (as amended, the “EU PRIIPs Regulation”) for offering or selling the Bonds or otherwise making them available to retail investors in the European Economic Area has been prepared and therefore offering or selling the Bonds or otherwise making them available to any retail investor in the European Economic Area may be unlawful under the EU PRIIPS Regulation. Prohibition of sales to retail investors in the United Kingdom No action has been undertaken or will be undertaken to make available any Bonds to any retail investor in the United Kingdom. For the purposes of this provision: (a) the expression retail investor means a person who is one (or more) of the following: i. a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”); or ii. a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, “FSMA”) and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or iii. not a qualified investor as defined in article 2 of the UK Prospectus Regulation as it forms part of domestic law by virtue of the EUWA; and (b) the expression an “offer” includes the communication in any form and by any means of sufficient information on the terms of the offer and the Bonds to be offered so as to enable an investor to decide to purchase or subscribe for the Bonds. Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the Bonds or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling the Bonds or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation. France The Bonds are not and will not be offered or sold or caused to be offered or sold, directly or indirectly, to the public in France other than to qualified investors. Any offer or sale of the Bonds and distribution of any offering material relating to the Bonds is and will be made in France only to qualified investors as defined in point (e) of article 2 of the Prospectus Regulation. United Kingdom In the United Kingdom, this press release is addressed and directed only (i) to investment professionals as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”) or (ii) to high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (the persons mentioned in paragraphs (i) and (ii) all deemed relevant persons (“Relevant Persons”)). The Bonds are only available to Relevant Persons, and any invitation, offer or agreement to subscribe, purchase, or otherwise acquire the Bonds may be addressed and/or concluded only with Relevant Persons. All persons other than Relevant Persons must abstain from using or relying on this document and all information contained therein. This press release is not a prospectus which has been approved by the Financial Conduct Authority or any other United Kingdom regulatory authority for the purposes of Section 85 of the FSMA. United States of America This press release may not be released, published or distributed in or into the United States of America (including its territories and dependencies, any State or other jurisdiction of the United States of America and the District of Columbia). This press release does not constitute or form a part of an offer of securities for sale or of any offer or solicitation to purchase securities in the United States of America. The Bonds and the shares deliverable upon conversion or exchange of the Bonds mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “Securities Act”) or the law of any State or other jurisdiction of the United States of America and may not be offered or sold in the United States of America except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state securities laws. The Bonds are and will be offered or sold only in “offshore transactions” outside of the United States of America, in accordance with Regulation S under the Securities Act. Nexity does not intend to register any portion of the proposed offering in the United States of America and no public offering will be made in the United States of America. Australia, Canada, South Africa and Japan The Bonds may not and will not be offered, sold or purchased in Australia, Canada, South Africa or Japan. The information contained in this press release does not constitute an offer of securities for sale in Australia, Canada, South Africa or Japan. The distribution of this press release in certain countries may constitute a breach of applicable law. MiFID II – Target Market: Professional Investors and Eligible Counterparties and Retail Investors (France only) Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the Bonds has led to the conclusion that: (i) the target market for the Bonds is French retail investors, eligible counterparties and professional clients, each as defined in MiFID II; and (ii) all channels for distribution of the Bonds to French retail investors, eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Bonds (a “distributor”) should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Bonds (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels. 1 The reference share price will be equal to the volume-weighted average price of Nexity’s share on Euronext Paris between the opening of trading on April 13th, 2021 and the pricing of the offering on the same day Attachment Nexity - Launch PR_ENG
A health adviser to Japan's Olympic committee said on Tuesday athletes should have the option of getting COVID-19 vaccines, days after public outcry led the government to deny it was making them a priority. Japan on Thursday had dismissed a media report that it was considering vaccinating all its Olympians by the end of June after the idea sparked a social media uproar amid a slow vaccine rollout for the rest of the population. But on Tuesday, the adviser, Nobuhiko Okabe, told Reuters that although vaccines should not be an obligation, they should be available to the athletes who want them.
To display fantastic technological innovations to the world, on the 9th April 2021, GAC GROUP held its third annual "GAC Tech Day" at the GAC R&D Center. In keeping with GAC's commitment to forward-facing development, and saving customer dollars via energy efficiency, new energy played a central role in this year's Tech Day.
Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Grab's agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes a $4 billion private investment in public equity (PIPE) from a group of Asian and global investors including Fidelity International and Janus Henderson.
(Bloomberg) -- Asian equities erased gains Tuesday and U.S. stock futures slipped as traders await inflation data, a Treasury auction and corporate earnings to assess the market outlook. Bond yields and the dollar climbed.Shares retreated in China, where export growth missed forecasts in March and concern about the financial health of one of the nation’s largest bad-debt managers soured the mood. U.S. equity futures dipped following a slight pullback in the S&P 500 Index from a record. European contracts were steady.The cost of insuring Asia’s investment-grade bonds rose after a record spike in yields on the debt of the state-owned bad debt manager China Huarong Asset Management Co. In Treasuries, the focus turns to Tuesday’s 30-year auction after sales of three- and 10-year notes attracted decent demand.A positive outlook for U.S. growth should help corporate earnings, but stocks are precariously poised around record highs given spikes in Covid-19 cases and troubled vaccine rollouts in parts of the world. While concerns about higher borrowing costs have eased on central banks’ assurances that interest rates will remain low, investors are still alert to the risk of rebounding inflation. U.S. consumer prices data are due Tuesday.“It’s not too late to focus on the relationary trade,” Suresh Tantia, senior investment strategist at Credit Suisse, said on Bloomberg TV. “The sectors which are more exposed to cyclical recovery and inflation will do better than growth stocks in the next three- to six months.”Elsewhere, Treasury Secretary Janet Yellen will decline to name China as a currency manipulator in her first semiannual foreign-exchange report, according to people familiar with the matter, allowing the U.S. to sidestep a fresh clash with Beijing.Oil traded at around $60 a barrel. Bitcoin climbed back above $60,000 ahead of a listing by the largest U.S. cryptocurrency exchange.Some key events to watch this week:Banks and financial firms begin reporting first-quarter earnings, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Morgan Stanley, Goldman Sachs Group Inc.The U.S. releases inflation data Tuesday.Economic Club of Washington hosts Fed Chair Jerome Powell for a moderated Q&A on Wednesday.U.S. Federal Reserve releases Beige Book on Wednesday.U.S. data including initial jobless claims, industrial production and retail sales come Thursday.China economic growth, industrial production and retail sales figures are on Friday.These are some of the main moves in financial markets:StocksS&P 500 futures fell 0.1% as of 6:32 a.m. in London. The index was steady Monday.Japan’s Topix Index rose 0.4%.China’s Shanghai Composite Index shed 0.6%.Hong Kong’s Hang Seng Index was up 0.2%.South Korea’s Kospi Index climbed 0.8%.Australia’s S&P/ASX 200 Index was flat.Euro Stoxx 50 futures added 0.1%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.2%.The yen was down 0.3% at 109.71 per dollar.The euro slipped 0.2% to $1.1889.The offshore yuan was at 6.5578 per dollar, dropping 0.2%.BondsThe yield on 10-year Treasuries rose two basis points to 1.69%.Australia’s 10-year yield was three basis points higher at 1.80%.CommoditiesWest Texas Intermediate crude was up 0.3% at $59.86 a barrel.Gold was at $1,726.60 an ounce, sliding 0.4%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Abu Dhabi sovereign wealth fund Mubadala Investment Co. said it’s “close” to an initial public offering of Emirates Global Aluminium PJSC as it studies other major deals including a role in a consortium investing in Saudi Aramco’s oil pipelines.“We’ve been thinking about this for a couple of years and waiting for the right time for that business to be IPO’d,” Chief Executive Officer Khaldoon Al Mubarak said on Monday when asked about EGA, the Middle East’s biggest producer of aluminum. “We’re very close now.”Coming off its busiest year ever, the $232 billion fund has shown little sign of slowing down in 2021, striking deals ranging from purchasing a Brazilian refinery to investing in convertible bonds of messaging app Telegram.EGA, which is equally owned by Mubadala and Investment Corp. of Dubai, has smelters in Abu Dhabi and Dubai and a bauxite mine in Guinea. Its revenue in 2020 was $5.1 billion and it made earnings before interest, tax, depreciation and amortization of $1.1 billion.The company had planned an IPO in 2018 or 2019 but it was pulled after then-U.S. President Donald Trump imposed tariffs on aluminum imports from the United Arab Emirates. His successor Joe Biden said in February that he would keep the U.S. restrictions in place, reversing Trump’s last-minute move to grant the UAE relief from the duties.“We will decide, obviously, when the appropriate market conditions are there, but the company is certainly in a very strong position and I think is well placed for an IPO,” Al Mubarak said during a virtual conference.EIG TalksMubadala is meanwhile considering other deals. It hasn’t yet decided whether to join a group led by EIG Global Energy Partners LLC that agreed on a $12.4 billion deal with Aramco.The wealth fund has teams studying the opportunity and looking at possible returns on investing in neighboring Saudi Arabia, according to Al Mubarak. It’s previously said that it was in talks with EIG.According to an announcement last Friday, the investors will buy 49% of Aramco Oil Pipelines Co., a recently-formed entity with rights to 25 years of tariff payments for crude shipped through the Saudi Arabian firm’s network. Aramco will own the rest of the shares and retain full ownership of the pipelines themselves.Read more: Mubadala Discusses GlobalFoundries IPO at $20 Billion Value Mubadala has also made no decision about a share sale of its wholly-owned chipmaker GlobalFoundries, according to Al Mubarak. Earlier this month, Bloomberg reported that the wealth fund had started preparations for a U.S. IPO that could value the business at about $20 billion.“GlobalFoundries is a strong, well-run business,” Al Mubarak said. “We have not taken a view or a decision yet.”India PushAfter an initial pause after the pandemic first hit, the wealth fund doubled down and invested more in 2020 than in any previous year, the CEO said.India emerged as one key destination for Mubadala’s money, with its investments there in 2020 eclipsing the combined total of the preceding 19 years, Al Mubarak said.The wealth fund invested $1.2 billion in Reliance Industries Ltd.’s digital upstart Jio Platforms Ltd. in 2020, a deal that gave Mubadala a 1.85% stake in the venture.“Clearly, we were underweight in terms of India” and “over the last many years we didn’t invest as much as we should,” the CEO said. “That’s changing, and as far as we’re concerned in Mubadala, we’re certainly giving it a very particular focus.”(Updates with details on EGA in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Tweeting baseless conspiracy theories does not mean a president is "in charge," White House press secretary Jen Psaki said.
Matt Chapman homered among his three hits, Jed Lowrie added two hits and three RBIs, and the Oakland Athletics roughed up Madison Bumgarner in a 9-5 victory over the Arizona Diamondbacks on Monday night. Lowrie doubled home two runs in the third inning and singled and scored in a three-run fifth capped by Chapman’s second homer of the season for a 6-2 lead. Bumgarner (0-2) gave up seven hits and six runs in 4 2/3 innings, with five strikeouts and three walks.
The construction dumper market is poised to grow by USD 2.74 billion during 2021-2025, progressing at a CAGR of almost 4% during the forecast period.
Leading marine energy developer Minesto continues to make operational progress in the company's tidal energy project in the Faroe Islands. During electricity production runs over the last weeks Minesto's DG100 power plant has delivered grid-compliant electricity at new record levels.
Tensions between protesters and police escalated Monday, a day after a police officer fatally shot Daunte Wright during a traffic stop in Minnesota.
Kenmare Resources plc (“Kenmare” or “the Group”) 12 April 2021 Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them The Company announces that on 9 April 2021, Michael Carvill, Managing Director and a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 92,851 ordinary shares of €0.001 each in the capital of the Company ('Shares') in accordance with the Restricted Share Award that was granted to him on 15 March 2018. Full details of the Award were included in a regulatory announcement released on 19 March 2018 and in the Company's 2018 Annual Report and Accounts. 44,569 Shares will be issued to or purchased by the Company's Employee Benefit Trust for the benefit of Mr. Carvill. This represents the net number of Shares due to Mr. Carvill after the appropriate tax and national insurance liabilities were taken into account. This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) 1Details of the person discharging managerial responsibilities/person closely associateda)NameMICHAEL CARVILL2Reason for the notificationa)Position/statusMANAGING DIRECTORb)Initial Notification AmendmentINITIAL NOTIFICATION3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameKENMARE RESOURCES PLC b)LEI635400ETHWP1EKJMDO164Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type ofinstrumentORDINARY SHARES OF €0.001 EACH Identification codeIE00BDC5DG00b)Nature of the transaction ACQUISITION OF SHARES FOR NO CONSIDERATION PURSUANT TO THE EXERCISE OF NIL-COST OPTIONS GRANTED ON 15 MARCH 2018 UNDER THE KENMARE RESOURCES PLC RESTRICTED SHARE PLANc)Price(s) and volume(s)Price(s)Volume(s)NIL44,569 SHARES ACQUIRED AFTER REDUCTION FOR APPROPRIATE TAX AND NATIONAL INSURANCE d)Aggregated information— Aggregated volume— PriceN/A e)Date of the transaction2021-04-09f)Place of the transactionOTHER THAN ON A TRADING VENUEg)Additional Information Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them The Company announces that on 7 April 2021, Tony McCluskey, Financial Director and a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 61,279 ordinary shares of €0.001 each in the capital of the Company ('Shares') in accordance with the Restricted Share Award that was granted to him on 15 March 2018. Full details of the Award were included in a regulatory announcement released on 19 March 2018 and in the Company's 2018 Annual Report and Accounts. 29,414 Shares will be issued to or purchased by the Company's Employee Benefit Trust for the benefit of Mr. McCluskey. This represents the net number of Shares due to Mr. McCluskey after the appropriate tax and national insurance liabilities were taken into account. This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) 1Details of the person discharging managerial responsibilities/person closely associateda)NameTONY MCCLUSKEY2Reason for the notificationa)Position/statusFINANCIAL DIRECTORb)Initial Notification AmendmentINITIAL NOTIFICATION3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameKENMARE RESOURCES PLC b)LEI635400ETHWP1EKJMDO164Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type ofinstrumentORDINARY SHARES OF €0.001 EACH Identification codeIE00BDC5DG00b)Nature of the transaction ACQUISITION OF SHARES FOR NO CONSIDERATION PURSUANT TO THE EXERCISE OF NIL-COST OPTIONS GRANTED ON 15 MARCH 2018 UNDER THE KENMARE RESOURCES PLC RESTRICTED SHARE PLANc)Price(s) and volume(s)Price(s)Volume(s)NIL29,414 SHARES ACQUIRED AFTER REDUCTION FOR APPROPRIATE TAX AND NATIONAL INSURANCE d)Aggregated information— Aggregated volume— PriceN/A e)Date of the transaction2021-04-07f)Place of the transactionOTHER THAN ON A TRADING VENUEg)Additional Information Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them The Company announces that on 7 April 2021, Ben Baxter, Chief Operations Officer and a Person Discharging Managerial Responsibilities, exercised a nil-cost option over 38,104 ordinary shares of €0.001 each in the capital of the Company ('Shares') in accordance with the Restricted Share Award that was granted to him on 15 March 2018. Full details of the Award were included in a regulatory announcement released on 19 March 2018 and in the Company's 2018 Annual Report and Accounts. 18,290 Shares will be issued to or purchased by the Company's Employee Benefit Trust for the benefit of Mr. Baxter. This represents the net number of Shares due to Mr. Baxter after the appropriate tax and national insurance liabilities were taken into account. This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) 1Details of the person discharging managerial responsibilities/person closely associateda)NameBEN BAXTER2Reason for the notificationa)Position/statusCHIEF OPERATIONS OFFICERb)Initial Notification AmendmentINITIAL NOTIFICATION3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameKENMARE RESOURCES PLC b)LEI635400ETHWP1EKJMDO164Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type ofinstrumentORDINARY SHARES OF €0.001 EACH Identification codeIE00BDC5DG00b)Nature of the transaction ACQUISITION OF SHARES FOR NO CONSIDERATION PURSUANT TO THE EXERCISE OF NIL-COST OPTIONS GRANTED ON 18 MARCH 2018 UNDER THE KENMARE RESOURCES PLC RESTRICTED SHARE PLANc)Price(s) and volume(s)Price(s)Volume(s)NIL18,290 SHARES ACQUIRED AFTER REDUCTION FOR APPROPRIATE TAX AND NATIONAL INSURANCE d)Aggregated information— Aggregated volume— PriceN/A e)Date of the transaction2021-04-07f)Place of the transactionOTHER THAN ON A TRADING VENUEg)Additional Information
SINGAPORE (Reuters) -Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Grab's agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes a $4 billion private investment in public equity (PIPE) from a group of Asian and global investors including Fidelity International and Janus Henderson.
Condensed Game: Casey Mize threw seven scoreless frames and Akil Baddoo hit his third home run of the year in A.J. Hinch's return to Houston
The kids at Deer Creek-Prairie Vale Elementary School in Edmond, Oklahoma, threw a star-spangled celebration for their cafeteria manager, Yanet Lopez, last week when she passed the U.S. citizenship test. A Cuban immigrant, Lopez, her husband, and their three children came to the U.S. in 2016, settling in Oklahoma after a stint in Houston. As a child, Lopez said her "dream was [to] come to this great country," and she was thrilled when her entire family passed their citizenship tests. "I know everything about the United States," Lopez told KOCO. "Constitution, presidents, everything. It's amazing. I learned a lot of history because I love this country." Lopez is a beloved member of her school's community, with the principal writing on Facebook that they are "so excited for Ms. Yanet and the realization of one of her dreams in passing her citizenship test! We laughed that she would know more than those of us born in the U.S. I am honored to work with one of the best U.S. citizens I know." To congratulate Lopez, students and staff members lined the hallways to cheer her on, giving Lopez hugs and chanting "USA!" It was "really, really exciting," Lopez said. More stories from theweek.comTrump finally jumps the shark7 brutally funny cartoons about Mitch McConnell's corporate hypocrisyPolice: Student shot and killed after opening fire on officers at Knoxville high school
Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Grab's agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes a $4 billion private investment in public equity (PIPE) from a group of Asian and global investors including Fidelity International and Janus Henderson.
Let's hope this is not as bad as it looked.
Watch the Game Highlights from San Jose Sharks vs. Anaheim Ducks, 04/12/2021
Genetron Holdings Limited ("Genetron Health" or the "Company", NASDAQ:GTH), a leading precision oncology platform company in China that specializes in molecular profiling tests, early cancer screening products and companion diagnostics development, today announced the release of 22 research results at the American Association for Cancer Research Annual Meeting 2021 (AACR 2021).
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