British Virgin Islands company law

REKLAIM LTD ANNOUNCES PARTICIPATION IN THREE INVESTOR CONFERENCES AND FURTHER DEBT REDUCTION

Retrieved on: 
Monday, September 11, 2023
Debt settlement, Indian stock exchange, British Virgin Islands company law, Security (finance)

Additionally, the company is pleased to announce that it closed a debt settlement agreement executed on July 11, 2023, to satisfy certain outstanding indebtedness owed to a specific arm's length creditor (the "Creditor") through the issuance of common shares (the "Common Shares") of the Company (the "Debt Settlement").

Key Points: 
  • Additionally, the company is pleased to announce that it closed a debt settlement agreement executed on July 11, 2023, to satisfy certain outstanding indebtedness owed to a specific arm's length creditor (the "Creditor") through the issuance of common shares (the "Common Shares") of the Company (the "Debt Settlement").
  • The Company plans to settle indebtedness of $100,000 by issuing 2,000,000 Common Shares of Reklaim Ltd. at a deemed price of $0.05 per Common Share.
  • In addition, the ‎Common Shares issued pursuant to the Debt Settlement will be subject to a four-month hold period from the date of issuance.
  • The company also wishes to announce that Kevin Shea has stepped down from the Company's Board of Directors, effective September 8, 2023.

PHAXIAM Therapeutics announces a reverse share split of its shares

Retrieved on: 
Thursday, July 27, 2023
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Publication of the reverse share split notice in the BALO: July 31st, 2023

Key Points: 
  • Publication of the reverse share split notice in the BALO: July 31st, 2023
    Start of the reverse share split: August 16th, 2023
    Effective date of the reverse share split (listing of new shares): September 18th, 2023
    Lyon (France) and Cambridge (MA, US), July 27th, 2023 - PHAXIAM Therapeutics (Nasdaq & Euronext: PHXM) (the "Company"), today announces the implementation of the reverse share split of the shares composing the Company's share capital, by decision of the Chief Executive Officer on July 27th, 2023, following the sub-delegation granted by the Board of Directors on June 23rd, 2023, taken in accordance with the twenty-third extraordinary resolution of the General Shareholders' Meeting of June 23rd, 2023.
  • Date of beginning of the reverse share split: August 16th, 2023
    Basis of the reverse share split: exchange of ten (10) Existing Shares with a par value of ten-euro cents (€0.10) for one (1) New Share with a par value of one euro (€1) and current dividend rights.
  • Number of New Shares to be issued as a result of the reverse share split: six million seventy-five thousand one hundred and five (6,075,105) shares with a par value of one euro (€1) each.
  • The definitive number of New Shares to be issued as a result of the reverse share split will be recorded by the Company's Board of Directors or by the Chief Executive Officer at the end of the reverse share split.

Nisun International Enterprise Development Group Co., Ltd Announces 1-for-10 Common Share Consolidation

Retrieved on: 
Wednesday, May 17, 2023
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As a result of the share consolidation, each ten common shares outstanding will automatically combine and convert to one issued and outstanding common share without any action on the part of the shareholder.

Key Points: 
  • As a result of the share consolidation, each ten common shares outstanding will automatically combine and convert to one issued and outstanding common share without any action on the part of the shareholder.
  • No fractional common shares will be issued to any shareholders in connection with the share consolidation, and such fractional shares will be redeemed by the Company.
  • The share consolidation will reduce the number of Class A Common Shares issued and outstanding from approximately 40,057,159 to approximately 4,005,715 (subject to the redemption of the fractional shares at the closing price of the Class A Common Shares on May 17, 2023).
  • The authorized number of common shares will be reduced by the same one-for-ten ratio from 310,000,000 authorized common shares, divided into 300,000,000 Class A Common Shares and 10,000,000 Class B Common Shares, to 31,000,000 common shares, divided into 30,000,000 Class A Common Shares and 1,000,000 Class B Common Shares.

Nam Tai Property Announces Hong Kong Arbitrator’s Binding Decision to Dismiss All Claims Brought by Greater Sail Limited

Retrieved on: 
Monday, April 10, 2023
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Nam Tai Property Inc. (OTC Expert Market: NTPIF) (“Nam Tai” or the “Company”) today announced that a Hong Kong arbitrator has dismissed all claims brought by Greater Sail Limited (“GSL”) against the Company for USD $146.9 million under a 2020 private investment in public equity (the “2020 PIPE”) transaction involving the Company and GSL.

Key Points: 
  • Nam Tai Property Inc. (OTC Expert Market: NTPIF) (“Nam Tai” or the “Company”) today announced that a Hong Kong arbitrator has dismissed all claims brought by Greater Sail Limited (“GSL”) against the Company for USD $146.9 million under a 2020 private investment in public equity (the “2020 PIPE”) transaction involving the Company and GSL.
  • The arbitrator has also accepted counterclaims brought by Nam Tai against GSL.
  • The 2020 PIPE took place prior to the election and appointment of the Company’s reconstituted Board in 2021.
  • The decision provides Nam Tai a path to accessing USD $89 million that has been frozen in an account within Credit Suisse Group AG.

Storytel announces its intention to carry out a directed share issue through an accelerated book building process

Retrieved on: 
Wednesday, November 9, 2022
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STOCKHOLM, Nov. 9, 2022 /PRNewswire/ -- Storytel AB (publ) ("Storytel" or the "Company") hereby announces its intention, with deviation from the shareholders' preferential rights, to carry out a directed issue of class B shares, corresponding to approximately SEK 400 million through an accelerated book building process (the "Directed Issue").

Key Points: 
  • STOCKHOLM, Nov. 9, 2022 /PRNewswire/ -- Storytel AB (publ) ("Storytel" or the "Company") hereby announces its intention, with deviation from the shareholders' preferential rights, to carry out a directed issue of class B shares, corresponding to approximately SEK 400 million through an accelerated book building process (the "Directed Issue").
  • Storytel has engaged ABG Sundal Collier AB and Swedbank AB (publ) to explore the conditions for completing the Directed Issue through an accelerated bookbuilding procedure to be commenced immediately.
  • The book building process will commence immediately and will end before trading on Nasdaq First North Growth Market commences on 10 November 2022.
  • The Board of Directors may decide to extend or shorten the application period and can at any moment decide to terminate the book building process and thus refrain from conducting the Directed Issue.

EQS-News: EBM decides on a rights issue of approx. SEK 49.6M and proposes an authorisation for an over-allotment issue of an additional approx. SEK 15M and decides on the issue of a convertible loan of SEK 10M

Retrieved on: 
Monday, October 31, 2022
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SEK 15M and decides on the issue of a convertible loan of SEK 10M

Key Points: 
  • SEK 15M and decides on the issue of a convertible loan of SEK 10M
    The issuer is solely responsible for the content of this announcement.
  • The Rights issue is secured to approximately SEK 24.8 million, corresponding to 50.0 per cent of the Rights issue, by subscription and underwriting commitments.
  • The subscription price in the Rights issue is SEK 3.00 per unit, corresponding to SEK 3.00 per share (the warrants are obtained free of charge).
  • For each (1) existing share held on the record date, one (1) unit right is obtained in the Rights issue.

RADA Electronic Industries Ltd. Announces Results of Extraordinary Meeting

Retrieved on: 
Wednesday, October 19, 2022
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NETANYA, Israel, Oct. 19, 2022 (GLOBE NEWSWIRE) -- On October 19, 2022, RADA Electronic Industries Ltd. (the Company) held an Extraordinary General Meeting of Shareholders (the Meeting) at the Companys offices located at 7 Giborei Israel Street, Netanya, Israel.

Key Points: 
  • NETANYA, Israel, Oct. 19, 2022 (GLOBE NEWSWIRE) -- On October 19, 2022, RADA Electronic Industries Ltd. (the Company) held an Extraordinary General Meeting of Shareholders (the Meeting) at the Companys offices located at 7 Giborei Israel Street, Netanya, Israel.
  • The approval of the purchase of a seven-year tail endorsement to RADAs current directors and officers liability insurance policy.
  • The approval of the grant of retention awards by DRS to certain office holders of RADA.
  • RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems.

H.I.G. Acquisition Corp. Announces Redemption of Class A Ordinary Shares

Retrieved on: 
Friday, October 14, 2022
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The Redemption Amount will be payable to the holders of the Class A Shares upon presentation of their respective share or unit certificates or other delivery of their shares or units to the Companys transfer agent, Continental Stock Transfer & Trust Company.

Key Points: 
  • The Redemption Amount will be payable to the holders of the Class A Shares upon presentation of their respective share or unit certificates or other delivery of their shares or units to the Companys transfer agent, Continental Stock Transfer & Trust Company.
  • Beneficial owners of Class A Shares held in street name, however, will not need to take any action in order to receive the Redemption Amount.
  • The Companys initial shareholders have waived their redemption rights with respect to the outstanding Class B ordinary shares issued prior to the Companys initial public offering.
  • All statements other than statements of historical fact included in this press release are forward-looking statements, including, without limitation, the redemption of the Companys public shares.

GFL Environmental Inc. Announces Quarterly Dividend and Update on Q3 Investor Conference Call

Retrieved on: 
Thursday, October 6, 2022
The Company, TSX, Soil, NYSE, GFL, Section 50C of the Isle of Man Income Tax Act 1970, Company, PIN, Board, Board of directors, British Virgin Islands company law, Income Tax Act, Holding company, Security (finance)

The cash dividend will be paid on October 31, 2022 to shareholders of record at the close of business on October 17, 2022.

Key Points: 
  • The cash dividend will be paid on October 31, 2022 to shareholders of record at the close of business on October 17, 2022.
  • The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).
  • GFL also announced that the Company's investor conference call related to its 2022 third quarter financial results is being rescheduled to 10:00 am Eastern Time on Thursday, November 3, 2022 (previously 8:30 am Eastern Time).
  • GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

New Leaf Ventures Announces Consolidation

Retrieved on: 
Thursday, September 8, 2022
Consolidated National Bank, Article, CSE, OTC, British Virgin Islands company law, Board, Canadian Securities Exchange, GLOBE, Board of directors, Company, Cannabis, Consolidation, Intellectual property, Growth, Review, Airline

VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)(New Leaf, NLV or the Company), announces that the Company's Board of Directors has determined to consolidate the Companys issued share capital on a ratio of one (1) new post-consolidated common share for every five (5) old pre-consolidated common shares (the "Consolidation").

Key Points: 
  • VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)(New Leaf, NLV or the Company), announces that the Company's Board of Directors has determined to consolidate the Companys issued share capital on a ratio of one (1) new post-consolidated common share for every five (5) old pre-consolidated common shares (the "Consolidation").
  • The Company currently has 62,770,115 issued and outstanding common shares and on completion of the Consolidation there is expected to be 12,554,023 issued and outstanding common shares.
  • The Board of Directors determined the Consolidation is necessary in order for the Company to raise additional capital and seek new business opportunities.
  • About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)
    New Leaf Ventures Inc. is developing a cannabis sector-based scalable concept of focused financing and applied management to achieve earnings growth through targeted investment.