Nexxen Seeks Authorization for New $20 Million Ordinary Share Repurchase Program
Globenewswire· 2025-08-15 11:30
Core Viewpoint - Nexxen International Ltd. is initiating a new $20 million Ordinary Share repurchase program to capitalize on perceived undervaluation and demonstrate confidence in its long-term prospects [1][2] Financial Position - The company maintains a strong cash position, supported by a profitable and cash-generative model, allowing for a balanced capital allocation strategy focused on long-term growth and shareholder value creation [2] Investment Strategy - Nexxen plans to invest an additional $35 million in VIDAA, increasing its equity stake to approximately 6%, to support VIDAA's North American CTV expansion and enhance the long-term value of its data and advertising rights [3] - The company will continue investing in the expansion of its commercial and media teams and in product innovation to accelerate future growth and reinforce its global market position [4] Strategic Opportunities - Nexxen is exploring targeted strategic opportunities to expand its monetizable data assets, enhance AI capabilities, and accelerate growth across core business lines in the U.S. and internationally, or enter new high-growth markets [5] Repurchase Program Details - The new repurchase program is subject to a 30-day creditor objection period and requires consent from the company's bank lenders before it can commence [6][7] - As of July 31, 2025, approximately $7.2 million remains under the current repurchase authorization, expected to be completed before November 19, 2025 [8]
180 Degree Capital Corp. and Mount Logan Capital Inc. Provide Update on Proposed Business Combination
Globenewswire· 2025-08-15 11:30
As of August 14, 2025, in excess of 57% of the outstanding shares of 180 Degree Capital have been voted FOR the proposed Business Combination, and in excess of 50% of the outstanding shares of 180 Degree Capital have been voted FOR all other proposals scheduled to be considered at the August 22, 2025 special shareholder meeting As of August 14, 2025, Mount Logan is in receipt of proxies representing votes in excess of the required thresholds to approve the resolutions that are necessary to implement the pro ...
United Community Banks, Inc. Announces Redemption of All Oustanding Shares of 6.875% Series I Non-Cumulative Perpetual Preferred Stock
Globenewswire· 2025-08-15 11:30
GREENVILLE, S.C., Aug. 15, 2025 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”, the “Company”), is redeeming all outstanding shares of the Company’s 6.875% Series I Non-Cumulative Perpetual Preferred Stock (the “Preferred Stock”) on September 15, 2025 (the “Redemption Date”). The announced redemption reflects United’s ongoing active management of its capital structure. Payment of the cash redemption price equal to $25,000 per share of Preferred Stock (the “Redemption Price”) (equival ...
Plus Therapeutics Reports Stockholders’ Equity in Excess of $2.5 million in Compliance with Nasdaq Equity Requirements
Globenewswire· 2025-08-15 11:30
HOUSTON, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Plus Therapeutics, Inc. (Nasdaq: PSTV) (“Plus” or the “Company”), a clinical-stage pharmaceutical company developing targeted radiotherapeutics with advanced platform technologies for central nervous system (CNS) cancers, today announced it reported stockholders’ equity of $3 million and therefore satisfied Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”), as of June 30, 2025. The Equity Rule requires listed companies to maintain a minimum of $2.5 million in stoc ...
Eldorado Gold Announces Appointment of Christian Milau as President
Globenewswire· 2025-08-15 10:45
VANCOUVER, British Columbia, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) (“Eldorado” or the “Company”) is pleased to announce that Christian Milau will be joining the Company as President, effective September 12, 2025. Christian brings over 25 years of experience in finance, capital markets and mining. He has deep expertise in operational leadership, government and stakeholder relations, and has worked across key mining jurisdictions in North and South America, Africa, ...
Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares
Globenewswire· 2025-08-15 10:45
BROOKFIELD, News, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) today announced that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Brookfield Business Partners L.P. of its intention to renew its normal course issuer bid for its limited partnership units (“Units”) and a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A exchangeable subordinate voting shares (“Exchange ...
High-Grade Sediment Hosted Mineralization Extended at Pampa Medina – 300m Western Step-out SMRD-16 Intersects 10m of 4.2% Cu within 70m of 1.0% Cu
Globenewswire· 2025-08-15 10:30
Core Insights - Marimaca Copper Corp. has successfully extended the high-grade sediment-hosted manto system at the Pampa Medina deposit by 300 meters to the west through further drilling, indicating significant potential for resource expansion [1][3][11] - The ongoing drilling program consists of 10,000 meters with three rigs currently operational, focusing on both extensional and infill drilling to define the limits of the mineralized system [1][7][9] Exploration Results - Hole SMRD-16 reported significant intersections, including 70 meters of 1.0% Cu from 434 meters downhole, with high-grade zones exceeding 4.2% Cu [3][4][11] - The mineralized area is confirmed to extend over 1.2 km by 1.2 km, with an average true thickness of 50 to 100 meters, suggesting continuity of mineralization [5][11] - Hole SMRD-15 also demonstrated near-surface oxide mineralization, intersecting 42 meters of 0.51% Cu from 158 meters [3][11] Geological Context - Pampa Medina is characterized as a stratiform or manto-style copper deposit, primarily hosted in Jurassic-Triassic sedimentary units, with mineralization types including both oxides and sulphides [9][10][39] - The geological model has been updated to focus on lower sedimentary units, which are identified as productive horizons for future drilling [10][39] Infrastructure and Development Potential - The proximity of Pampa Medina to existing mines and infrastructure, including powerlines and water pipelines, is expected to facilitate development and reduce permitting risks [3][9] - The low-altitude, flat terrain of the "pampa" valley provides ample space for future facilities and infrastructure, enhancing the project's viability [3][9] Strategic Objectives - The company aims to establish a significant copper production operation, leveraging the advanced-stage asset at the Marimaca Oxide Deposit (MOD) and the exploration potential at Pampa Medina and Madrugador [8][9] - Future plans include advancing the Pampa Medina and Madrugador Oxide projects to increase copper cathode production and extend the mine life [9]
Baltic Horizon Fund publishes its NAV for July 2025
Globenewswire· 2025-08-15 10:30
The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) increased to EUR 0.6772 at the end of July 2025 (0.6766 as of 30 June 2025). The month-end total net asset value of the Fund was EUR 97.2 million (EUR 97.1 million as of 30 June 2025). The EPRA NRV as of 31 July 2025 stood at EUR 0.7222 per unit. In July 2025, the consolidated net rental income of the Fund was EUR 1.0 million (EUR 1.0 million in June 2025). At the end of July 2025, the Fund’s consolidated cash and cash equivalents amo ...
Solar A/S: No. 8 2025 Share trading in Solar A/S
Globenewswire· 2025-08-15 10:25
In accordance with article 19 of Regulation (EU) No 596/2014, Solar is required to report share trading in Solar A/S of members of the Board of Directors, members of the Executive Board and related parties. The information in the below statement is based on reports from the above-mentioned persons to Solar. Name:Jesper Dalsgaard JensenReason:Vice-chair of the boardSecurities ID:DK0010274844 Solar BTransaction type:Purchase of sharesTransaction place:Nasdaq Copenhagen, DCSETransaction date:15 August 2025Tran ...
H World Group Limited Announces Change of Board Composition
Globenewswire· 2025-08-15 10:15
Core Viewpoint - H World Group Limited has announced significant changes to its board of directors, appointing new members with extensive experience in finance and investment management, which is expected to enhance the company's long-term growth prospects [1][4]. Group 1: Board Appointments - Mr. Justin Martin Leverenz has been appointed as a director of the Board, bringing over 18 years of experience in investment management, including his role as Chief Investment Officer at Invesco Developing Markets Fund [2]. - Ms. Yi Zhang has been appointed as an independent director and chairwoman of the audit committee, with a strong background as Chief Financial Officer at SINA Corporation and experience in auditing for Chinese companies listed in the U.S. [3]. - Ms. Lei Cao has been appointed as a member of the compensation committee, while Ms. Tong Tong Zhao and Mr. Jian Shang will step down from their roles on the Board [1]. Group 2: Company Overview - H World Group Limited operates 11,685 hotels with a total of 1,142,158 hotel rooms across 19 countries as of March 31, 2025 [5]. - The company’s hotel brands include HanTing Hotel, JI Hotel, and Steigenberger Hotels & Resorts, among others, and it holds master franchise rights for several international hotel brands in the pan-China region [5]. - H World employs a mixed business model, with 8% of its hotel rooms operated under lease and ownership, and 92% under manachise and franchise models as of March 31, 2025 [6][7].