Alex Trebek has been cremated, after he tragically passed away at the age of 80 following a battle with pancreatic cancer.
Alex Trebek has been cremated, after he tragically passed away at the age of 80 following a battle with pancreatic cancer.
Tesla will be added to the benchmark S&P 500 index on a single day next month, rather than over two days as previously contemplated. S&P Dow Jones Indices said Monday that it will move the electric car maker into the S&P 500 on Dec. 21 at the company's full market value. Because Tesla will be one of the largest companies added to the S&P 500 in the past decade, S&P had been considering adding Tesla in two stages on Dec. 14 and 21.
The Single-Photon Emission Computed Tomography (SPECT) Market will grow by $ 620.21 mn during 2020-2024
U.S. Rep. Austin Scott of Georgia has tested positive for COVID-19, making him the third Georgia congressman to contract the virus. Scott's chief of staff Jason Lawrence confirmed the positive test result in a statement on Monday and said the Republican is “following guidance from the House Attending Physician as well as his personal physician.” Scott represents Georgia's 8th District, which stretches through the interior of south Georgia.
The high street giant, which includes the Topshop, Dorothy Perkins and Burton brands, has hired administrators from Deloitte.
The married couple will continue to host the show 'during key holidays'.
At this time, I would like to welcome everyone to OrganiGram Holding Inc.'s fourth-quarter full-year 2020 earnings conference call. Joining me today are OrganiGram's chief executive officer, Greg Engel; chief financial officer, Derrick West; and our chief strategy officer, Paolo De Luca.
Celltrion completed an acquisition of Primary Care (PC) Product Assets for Asia Pacific Markets from Takeda Pharmaceutical Company Limited.
After a string of injuries to key players, several coronavirus cases and other bad breaks, the San Francisco 49ers somehow find themselves still in the NFC playoff race heading into December. Now they must face a whole new challenge after Santa Clara County issued strict new coronavirus protocols that will force the Niners to become vagabonds the next three weeks by practicing and playing away from home. The 49ers (5-6) got that news just before heading to Los Angeles over the weekend and they managed to push it aside enough to beat the Rams 23-20 to move within one game of the final playoff spot.
The best deals include a $19 smart speaker and a Dyson vacuum for $100 off.
Arcturus Therapeutics to Present at Piper Sandler’s 32nd Annual Virtual Healthcare Conference
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced the completion of its previously-announced sale of a portfolio of select products to Celltrion Inc. ("Celltrion") for a total value of $278 million USD inclusive of milestone payments. The portfolio includes 18 pharmaceutical products and over-the-counter (OTC) products sold in Asia Pacific, which is part of Takeda’s Growth & Emerging Markets Business Unit. This divestment agreement was first announced in June 2020.
Diamond S Shipping Inc. (NYSE: DSSI) ("Diamond S" or the "Company") announced the receipt of an incident report involving a kidnapping on one of its product tanker vessels, the Agisilaos, as it was approaching the port of Lome, Togo on November 29, 2020. The vessel is managed and crewed by Capital Ship Management Corp. (‘Capital’) who informed Diamond S about the kidnapping of four crew members. The Company confirms that there were 22 seafarers aboard when the attack occurred. There have been no reports of injuries at this time. All appropriate authorities have been notified and Diamond S is fully supporting Capital as they respond to this situation. Diamond S will not comment further on these operational issues to avoid potentially jeopardizing the safety of the crew members being held or prolonging their stay in captivity.
Houston Texans receiver Will Fuller says he’s been suspended for six games for violating the NFL’s policy on performance-enhancing drugs. Fuller announced the suspension on Instagram on Monday, saying that the suspension was from a medication he was prescribed that he believed to be permitted, but that was banned under the league’s policy. “I want to sincerely apologize to the Texans organization and all of my fans for this mistake,” he wrote on Instagram.
Kroll Bond Rating Agency (KBRA) assigns ratings to two note classes issued by Sunnova Sol II Issuer, LLC, Series 2020-2. The transaction is secured by the equity interests of the managing members in the related Project Companies that in the aggregate, own a portfolio of 13,610 leases, power purchase agreements ("PPA"), and EZ Pay PPAs (each a "Solar Service Agreement" or "SSA"), and four hedged solar renewable energy certificate ("SREC") contracts, associated with residential solar photovoltaic installations ("PV Systems") and battery units ("Energy Storage System"). Cash flow related to the portfolio is net of operations and maintenance expenses, administrative and insurance expenses, and any distributions to a tax equity investor per the organizational documents for each respective Project Company.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA, NEW ZEALAND, HONG KONG, SINGAPORE OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE MAY BE UNLAWFUL, WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES Press Release Stockholm, 30 November 2020 Sinch announces the completion of a directed new share issue of 3,187,736 shares, raising approx. SEK 3.3 billion, and larger shareholders’ sale of existing shares to a fund managed by SB Management Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH Sinch AB (publ) (“Sinch” or the “Company”) has, in accordance with the Company’s press release earlier today on 30 November 2020 and based on the authorization granted by the annual general meeting on 15 May 2020, resolved on a directed issue of 3,187,736 new shares at a subscription price of SEK 1,050 per share (the “Share Issue”), corresponding to (i) a discount of approximately 5 percent in relation to the volume weighted average share price for the Company’s share on Nasdaq Stockholm on 30 November 2020, and (ii) a premium of approximately 1 percent in relation to the closing price for the Company’s share on Nasdaq Stockholm on 27 November 2020. The proceeds from the Share Issue amounts to approximately SEK 3.3 billion before issue costs. The subscription price has been determined through an accelerated bookbuilding process performed by the joint bookrunners Carnegie and Handelsbanken Capital Markets (the “Joint Bookrunners”). The Share Issue was significantly oversubscribed and a large number of Swedish and international institutional investors participated in the Share Issue. In addition, a fund managed by SB Management, a 100 percent owned direct subsidiary of SoftBank Group Corp, (“SB Management”), has, in accordance with its previous commitment, subscribed for 1,200,000 shares in the Share Issue. In connection with the Share Issue, and due to strong demand, certain larger shareholders, including several co-founders (the “Selling Shareholders”), have sold 5,200,000 existing shares in the Company to SB Management (the “Sell-down”), meaning that SB Management will hold in total 6,400,000 shares, corresponding to approximately 10.1 percent of the shares and votes in the Company following the Share Issue and the Sell-down. The Company will not receive any proceeds from the Sell-down. Share Issue The board of directors of the Company has, based on the authorization granted by the annual general meeting on 15 May 2020, and in accordance with the Company’s press release earlier today on 30 November 2020, resolved on the Share Issue. The Share Issue comprises a total of 3,187,736 new shares. The subscription price in the Share Issue was set at SEK 1,050 per share, corresponding to (i) a discount of approximately 5 percent in relation to the volume weighted average share price for the Company’s share on Nasdaq Stockholm on 30 November 2020, and (ii) a premium of approximately 1 percent in relation to the closing price for the Company’s share on Nasdaq Stockholm on 27 November 2020, and was determined on the basis of an accelerated book building process led by the Joint Bookrunners. SB Management has, in accordance with its previous commitment, subscribed for 1,200,000 shares in the Share Issue. The Share Issue generated a large interest and has been subscribed for by selected Swedish and international institutional investors. Through the Share Issue, the Company will raise approximately SEK 3.3 billion before issue costs. The Company intends to mainly use the proceeds from the Share Issue to increase the Company’s financial flexibility for new acquisitions. Sinch is continuously evaluating potential acquisitions. The increased financial flexibility that the Share Issue entails further strengthens the Company’s position as a relevant and competitive buyer. The Company will not receive any proceeds from the Sell-down. The Company’s board of directors’ assessment, based on the accelerated book building process executed by the Joint Bookrunners, is that the Share Issue was carried out on market terms. The reason for deviating from the shareholders’ preferential rights in the Share Issue is to, in a timely and cost efficient manner, enable the raising of capital to finance further value creating acquisitions and to broaden the Company’s shareholder base. Through the Share Issue, the number of shares and votes in the Company will increase by 3,187,736, from 59,985,934 to 63,173,670 shares and votes. The share capital will increase with SEK 318,773.60 from SEK 5,998,593.40 to SEK 6,317,367.00. The Share Issue entails a dilutive effect for existing shareholders of approximately 5 percent based on the total number of shares in the Company after the Share Issue. Sell-down and consolidation of ownership In connection with the Share Issue, and in order to meet the demand, the Selling Shareholders have sold a total of 5,200,000 shares to SB Management at a price of SEK 900 per share. In total, SB Management has subscribed for and acquired 6,400,000 shares in the Company, corresponding to an ownership of approximately 10.1 percent of Sinch after the Share Issue and the Sell-down. SB Management is supportive of Sinch’s future growth including through M&A. In connection with the Sell-down, SB Management has undertaken to follow the recommendations from the board of directors or the board of directors’ independent bid committee, in the event of a public takeover offer by a third party to the shareholders of Sinch. The Selling Shareholders in the Sell-down are Cantaloupe AB (owned by co-founders Robert Gerstmann, Henrik Sandell, Kristian Männik, and Björn Zethraeus); Salvis Investment Limited (owned by co-founder Johan Hedberg); Erik Fröberg; as well as Neqst D1 AB. In connection with the Sell-down, Cantaloupe AB’s and Neqst D1 AB’s ownership will be consolidated in Neqst D2 AB, which, following such consolidation, will hold approximately 17 percent of the shares and votes in the Company and become the largest shareholding entity of Sinch after the Share Issue and the Sell-down. This enables a long-term ownership in Sinch. Lock-up In connection with the Share Issue, the Company has entered into a lock-up undertaking, with customary exceptions, regarding future share issues for a period of 90 calendar days as from today. In addition, Cantaloupe AB, Neqst D1 AB (together in the newly formed Neqst D2 AB) and Salvis Investment Limited, who after the Share Issue and Sell-down hold approximately 19 percent of the shares and votes in the Company have undertaken, with customary exceptions, not to sell any shares in the Company for a period of 90 calendar days as from today. Advisers Carnegie and Handelsbanken Capital Markets have acted as Joint Bookrunners in connection with the Share Issue and the Sell-down. Gernandt & Danielsson has been legal advisor to the Company. Baker McKenzie has been legal advisor to the Joint Bookrunners. For further information, please contact Thomas HeathChief Strategy Officer and Head of Investor RelationsSinch AB (publ)Mobile: +46-722-45 50 55E-mail: firstname.lastname@example.org About Sinch Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com. This information is information that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above mentioned contact person, at 23:55 CET on 30 November 2020. Important information This press release is not and does not form a part of any offer for sale of securities in any jurisdiction, neither from the Company, the Selling Shareholders nor someone else. Copies of this communication may not be made in, and may not be distributed or sent into, the United States, Australia, Canada, Japan, South Africa, New Zealand, Hong Kong, Singapore or any other jurisdiction in which distribution of this press release would be unlawful or would require registration or other measures. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of the United States and, accordingly, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state securities law. The Company or any other person does not intend to register any part of the Share Issue in the United States or to conduct a public offering of shares in the United States. The securities referred to herein have not been and will not be registered under the applicable securities laws of Canada, Japan, Australia, South Africa, New Zealand, Hong Kong or Singapore and, subject to certain exemptions, may not be offered or sold in or into or for the account or benefit of any person having a registered address in, or located or resident in, Canada, Japan, Australia, South Africa, New Zealand, Hong Kong or Singapore. There will be no public offering of the securities described herein in Canada, Japan, Australia, South Africa, New Zealand, Hong Kong or Singapore. This press release is not a prospectus for purposes of Prospectus Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 and its delegated and implemented regulations (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. The Company has not authorized any offer to the public of securities in any EEA Member State and no prospectus has been or will be prepared in connection with the Share Issue. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it. Any investment decision in connection with the Share Issue and the Sell-down must be made on the basis of all publicly available information relating to the Company and the issued shares and sold existing shares. Such information has not been independently verified by the Joint Bookrunners. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in the Company or the new shares. The Joint Bookrunners are acting for the Company and the Selling Shareholders in connection with the transaction and no one else and will not be responsible to anyone other than the Company and Selling Shareholders for providing the protections afforded to its clients nor for giving advice in relation to the transaction or any other matter referred to herein None of the Company, the Joint Bookrunners, the Selling Shareholders or any of their respective affiliates directors, officers, employees, agents, affiliates or advisers is under any obligation to update, complete, revise or keep current the information contained in this press release to which it relates or to provide the recipient of with access to any additional information that may arise in connection with it, unless it is not required by law or Nasdaq Stockholm’s rule book for issuers. Forward-looking statements This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is not required by law or Nasdaq Stockholm’s rule book for issuers. Information to distributors Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in Sinch have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in Sinch may decline and investors could lose all or part of their investment; the shares in Sinch offer no guaranteed income and no capital protection; and an investment in the shares in Sinch is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Share Issue and the Sell-down. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Joint Bookrunners will only procure investors who meet the criteria of professional clients and eligible counterparties. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in Sinch. Each distributor is responsible for undertaking its own target market assessment in respect of the shares in Sinch and determining appropriate distribution channels. Every care has been taken into consideration when translating this press release into English. In the event of differences between the English version and the Swedish original, the Swedish version shall apply. Attachment 20201130_Sinch_issue_complete_ENG
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