Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 348

Posts Tagged ‘transaction’

Adya Announces Proposed Transaction With Iris Technologies

Posted by fidest press agency su sabato, 26 ottobre 2019

Adya Inc. (“Adya” or the “Company”), (TSX-V: ADYA) announces today that it intends to close a private placement offering (“Private Placement”) of 21,249,936 common shares of the Company (“Shares”) to Iris Technologies Inc. (“Iristel”) at a price per Share equal to $0.07647, for aggregate gross proceeds of $1,625,000 to the Company (the “Proceeds”). There are currently 2,363,604 Shares issued and outstanding and with the issuance of 21,249,936 Shares to Iristel, the Company will have a total of 23,613,540 Shares issued and outstanding, of which Iristel will hold approximately 90%.The Proceeds of the Private Placement are to be immediately used by the Company to effect the settlement and payment to the holders of $2,250,000 aggregate principal amount of 7.5% debentures of the Company (“Debentures”) issued February 28, 2014, pursuant to an amended & restated debenture indenture (the “Indenture”) entered into concurrently therewith between the Company and TSX Trust Company, the trustee pursuant to the Indenture. The payment of the Proceeds to TSX Trust Company, on behalf of the holders of Debentures, is to be made in addition to a payment made concurrently thereto by the Company of its cash-on-hand on the date thereof. In consideration for the payments thereto, TSX Trust Company, on behalf of the holders of Debentures, will then agree to terminate the debentures as fully-paid and cancelled.As part of this transaction, effective on the date the Private Placement is closed (the “Closing Date”), Adya’s current Board members will have resigned and the new directors, set out below, are to be appointed. The following current directors will be resigning: Rajan Arora, Eamon Hoey, Rajiv Jagota, Robert Stikeman, and Pankaj Varma.

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Payroc Honored as ISO of the Year by the Electronic Transactions Association

Posted by fidest press agency su giovedì, 9 Maggio 2019

Payroc LLC, a leading merchant acquirer and payment processing organization, is pleased to announce that it has been awarded the Electronic Transactions Association’s (ETA) Star Award for Independent Sales Organization (ISO) of the Year. Chief Integrations Officer Jared Poulson was also honored with ETA’s Star Award for Committee Volunteer of the Year. The prestigious awards honor individuals and organizations that have made a significant difference in the payments industry through innovation, business practices or contributions, and were announced last week in Las Vegas during TRANSACT.“It is a tremendous honor to receive the ETA’s ISO of the Year Award, and for Jared to be recognized for his contributions as an ETA committee volunteer,” stated Payroc CEO Jim Oberman. “Technology and innovation have fueled impressive growth as we have become a full-service acquiring organization,” added Oberman. “A guiding principle we never forget in our company’s journey is that people do business with people they know, like and trust.”
Payroc’s core values of pricing clarity, exceptional service, personal relationships, trusted advice and individual integrity, along with hard-work, determination and technology innovation have led to double digit revenue growth. The company’s leadership team has deep industry experience from working with and for an impressive list of industry titans. An in-house support team of more than 160 representatives directly addresses customer needs with top-notch, personable support. ETA’s underwriting and risk monitoring guidelines are a key part of the training curriculum for new hires, and 45 sales team members have earned ETA’s Certified Payments Professional (CPP) credential.Poulson has served as both vice chairman and chairman of ETA’s Technology Committee, and has been a vital, hardworking Committee member for many years. Under Poulson’s leadership, the Committee has flourished and become a source for some of the most forward-thinking discussion in the payments industry. Additionally, the Committee has created important resource material frequently utilized by ETA members and the industry at large.

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Catella completes the purchase of 75% in APAM

Posted by fidest press agency su domenica, 16 dicembre 2018

Catella AB (publ) (“Catella”) completes, through a subsidiary, the previously announced transaction to acquire 75% of leading UK real estate investment and asset management company, APAM Ltd (APAM). As announced in March 2018 Catella agreed to acquire 75% of the shares in APAM for a price corresponding to GBP 18 million, on a debt and cash free basis. Catella is now completing the transaction, and APAM is consolidated as a subsidiary in Catella Group, since necessary regulatory approval has been obtained from the financial supervisory authority in Luxembourg, Commission de Surveillance du Secteur Financier (CSSF). APAM has experienced fast growth over recent years and had revenues of approximately GBP 7 million during 2017.
“The UK is a key strategic market for us where we see significant investment interest from our clients, particularly from our Asian office. APAM is a leading business in its space with exceptional knowledge of real estate markets across the UK and an impressive track record of delivering strong returns for its clients. With this deal we strengthen our pan-European platform and local expertise giving us a competitive edge across Europe.” Knut Pedersen Group CEO of Catella comments.APAM is an independent real estate investment and asset manager operating exclusively in the UK market with a combination of skills to offer clients an ‘end to end’ approach to support their investment strategy. APAM has assets under management (“AUM”) of GBP 1.4 billion and 41 employees. Simon Cooke and William Powell, founders and executive directors of APAM, will remain shareholders in APAM and have committed to the company for at least another five years. Catella APAM will continue to be independently run by its current management team and to pursue its successful growth strategy within UK.“Catella Property Investment Management has continuously strengthened its competitive position in Europe and has experienced an annual cumulated growth rate (CAGR) in AUM of 31 % during the last three years. This transaction further strengthens our position as we reach AUM volume of EUR 8,1 billion” says Timo Nurminen, Head of Property Investment Management at Catella.“The UK remains a hub for capital deployment throughout Europe and our deal with Catella reflects the UK’s continued prominence for global investment amongst institutions, sovereign funds and private investors. We relish the next phase of APAM’s growth within the outstanding Catella European Platform.” Simon Cooke and William Powell, founding shareholders and executive directors of Catella APAM said.

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Expected non-recurring revenue for Catella following proposed acquisition of Visa Europe by Visa Inc.

Posted by fidest press agency su venerdì, 12 febbraio 2016

catellaVisa Inc. announced that the company intends to acquire Visa Europe Limited. The acquisition is subject to regulatory approvals. Catella Bank S.A., which is a wholly owned subsidiary of the Catella Group and a member of Visa Europe, has received confirmation that it will, through its membership, receive part of the consideration for the proposed acquisition. The transaction consists of a consideration comprising different components: upfront cash, preferred stock in Visa Inc., and a potential earn-out. These will accrue to the members of Visa Europe, provided the transaction is completed, and will be paid at different times.
Based on a preliminary calculation of the upfront cash and preferred stock, Catella will in 2016 receive approximately EUR 15 million in cash, and preferred stock in Visa Inc. worth approximately EUR 5 million. There is uncertainty about the precise amount that will accrue to Catella, partly due to allocation calculations, exchange rates and the value of the preferred stock. The upfront consideration is estimated to be payable at the earliest during the second quarter of 2016, provided the acquisition is approved by the relevant authorities.In addition, the acquisition includes a potential earn-out based on the achievement of certain targets. Catella estimates that the earn-out could amount to EUR 2-5 million. If the earn-out is payable, it will be paid in cash in around 2020.Catella AB (publ) is required to publish this information pursuant to the Securities Markets Act (SFS 2007:528), the Financial Instruments Trading Act (SFS 1991:980), and/or Nasdaq Stockholm’s rules for issuers. The information was submitted for publication on 11 February 2016, at CET 14:00.

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Jean-François Hennart all’Università di Pavia

Posted by fidest press agency su domenica, 17 ottobre 2010

Pavia 18 ottobre 2010, ore 10,00 Facoltà di Economia, Sala di Lettura, via S. Felice 5 si inaugura il corso di laurea magistrale in International Business and Economics. Apre l’anno accademico 2010 – 2011  la lectio magistralis di uno tra i più importanti accademici esperti di International business: Jean-François Hennart. Il titolo della lezione sarà: The Prospects of Multinational Enterprises in Emerging Markets. Hennart, della Tilburg University, è uno dei maggiori esponenti della Transaction Cost Theory, quel filone della teoria economica che è stato tra gli altri elaborato dal recente premio Nobel 2009 Oliver E. Williamson. Hennart ha insegnato nelle principali università mondiali e ha pubblicato sulle più importanti riviste di management al mondo.

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Joint venture for the fast-growing Chinese medical market

Posted by fidest press agency su giovedì, 13 agosto 2009

Hong Kong Fenwal, Inc. of Lake Zurich, Illinois, and Golden Meditech (stock code: 801.HK) of Hong Kong, announced they have agreed to form a joint venture in China to focus on blood collection and transfusion products for the fast-growing Chinese medical market. The transaction is expected to be completed in early 2010, subject to the signing of a definitive agreement and other customary company and regulatory conditions. Medical professionals in China are expected to benefit from the combination of Fenwal’s technological leadership in blood collection, separation, preservation and transfusion, and Golden Meditech’s expertise in China’s blood-related medical device and blood-banking fields. Fenwal will own 51 percent of the joint venture and Golden Meditech will own 49 percent. The joint venture will operate from Beijing and serve customers throughout China. Initially, the joint venture will focus on sales and distribution of a range of Fenwal and Golden Meditech products, including Fenwal’s AMICUS(R) system, a cell-separation system used to collect platelets; Golden Meditech’s 3000H Plasma Exchange system, which is designed to remove toxins from patients’ blood; and related supplies used to collect, process, preserve and transfuse blood and blood components.Fenwal, Inc. became an independent company in 2007, but its roots go back to 1949 with the founding of Fenwal Laboratories. Fenwal developed the first flexible, disposable container for blood collection, eliminating complications associated with glass containers and allowing blood to be separated into therapeutic components. Today, the company’s products and advanced collection and separation technologies are used throughout the world to help ensure a safe and available supply of lifesaving blood and blood products. Fenwal Inc. is based in Lake Zurich, Illinois. For more information, http://www.fenwalinc.com
Founded in 2000, Golden Meditech was listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited (HKEX) in December 2001, as the first high-tech medical device enterprise that went public outside of the PRC, and was granted the main board listing in June 2009. During the past few years, thanks to its great efforts in innovation and market expansion, as well as its first-mover abilities in emerging markets, Golden Meditech’s medical devices, cord blood banking services and natural herbal medicines have established leading positions. Going forward, Golden Meditech will continue its pursuit of becoming China’s leading integrated medical group through organic growth, acquisitions and strategic investments. For more information, please visit http://www.goldenmeditech.com .

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Rights Plan

Posted by fidest press agency su lunedì, 6 luglio 2009

(Nasdaq:IDSY) (the “Company”), a leading provider of wireless asset management solutions, today announced that its Board of Directors adopted a limited duration shareholder rights plan (the “Rights Plan”) pursuant to which a dividend distribution of one preferred stock purchase right (a “Right” and collectively, the “Rights”) will be made for each outstanding share of the Company’s common stock. The Board of Directors adopted the Rights Plan to assure that the Company’s shareholders receive fair and equal treatment in the event of any proposed takeover of the Company, and to guard against partial tender offers, squeeze-outs, open market accumulation and other actions intended to gain control of the Company without paying all shareholders a fair price. The Rights Plan is not intended to and will not prevent an appropriate transaction at a full and fair price.  The Rights Plan, which is similar to the rights plans of other public companies, expires on the earliest to occur of  the close of business on the Sunset Date (defined below); (ii) the time at which the Rights are redeemed pursuant to the Rights Plan; or (iii) the time at which the Rights are exchanged as provided in the Rights Plan. Sunset Date is defined as July 1, 2012, unless the Board determines within 12 months prior to such date that July 1, 2012 shall not be the Sunset Date, then Sunset Date shall mean July 1, 2015, unless the Board determines within 12 months prior to such date that July 1, 2015 shall not be the Sunset Date, then Sunset Date shall mean July 1, 2018, unless the Board determines within 12 months prior to such date that July 1, 2018 shall not be the Sunset Date. In the event the Board determines that July 1, 2012, July 1, 2015 and July 1, 2018 shall not be the Sunset Date, then “Sunset Date” will mean the close of business on the tenth anniversary of the record date set by the Board of Directors. http://www.sec.gov.
About I.D. Systems: Based in Hackensack, New Jersey, with European business offices in Dusseldorf, Germany, I.D. Systems, Inc. is a leading provider of wireless solutions for managing and securing high-value enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company’s patented technology, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control, track, monitor and analyze their assets. For more information, visit http://www.id-systems.com.

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