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LaunchTN Opens Application for Their $7M SBIR/STTR Matching Fund

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News provided by

Launch Tennessee

Jul 06, 2022, 16:58 ET

Eligible Tennessee companies can apply from July 1 – August 15, 2022

NASHVILLE, Tenn., July 6, 2022 /PRNewswire/ — Launch Tennessee is offering a matching grant of up to $300,000 to provide additional support to Tennessee companies who have won a federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) award within the last year. The application opens July 1 – August 15, 2022 and companies can read more about their eligibility for the program and apply here.

The SBIR/STTR Matching Fund, administered by LaunchTN (via the State of Tennessee) and supported by the Tennessee General Assembly, aims to advance the commercialization efforts of Tennessee-based companies by matching successful Phase I and Phase II SBIR/STTR awards up to $100,000 and $300,000, respectively.

“At LaunchTN, we’re excited about what technological transformations the future holds and the role we believe Tennessee innovators have in shaping them, ” said Charles Layne, LaunchTN’s Innovation Manager. “Thanks to the SBIR/STTR Matching Fund, we have an opportunity to support our entrepreneurs in the acceleration and commercialization of their technologies while also ensuring the technologies of tomorrow are being built right here at home in Tennessee.”

In the 6 years since program inception, the SBIR/STTR Matching Fund has deployed $13M in state dollars to help Tennessee companies. This has created over 650 high paying jobs and contributed to over $348M in economic impact across the state.

Companies or entrepreneurs with interest in the SBIR/STTR Matching Fund Program or other commercialization resources at LaunchTN should contact Charles Layne at charles@launchtn.org.

About Launch Tennessee

Launch Tennessee (LaunchTN) is a public-private partnership with a vision to make Tennessee the most startup-friendly state in the nation. Its mission is to empower a high-functioning network of resources focused on core priorities that support Tennessee’s entrepreneurial ecosystem. Through its network of Entrepreneur Centers and partner organizations across the state, Launch Tennessee fosters collaboration among entrepreneurs, the private sector, capital sources, institutions and government to offer entrepreneurs what they need to succeed and stay in Tennessee to build companies and create jobs.

Media Contact: Ashley Currie, Launch Tennessee, comms@launchtn.org, (615) 991-2809

SOURCE Launch Tennessee

https://www.prnewswire.com/news-releases/launchtn-opens-application-for-their-7m-sbirsttr-matching-fund-301581839.html

NexPoint Diversified Real Estate Trust Declares Regular Monthly Distribution

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News provided by

NexPoint Diversified Real Estate Trust

Jul 06, 2022, 19:56 ET

DALLAS, July 6, 2022 /PRNewswire/ — NexPoint Diversified Real Estate Trust (NYSE: NXDT) (“NXDT” or the “Company”) today announced its regular monthly distribution on its common stock of $0.05 per share. The distribution will be payable on August 1, 2022 to shareholders of record at the close of business July 22, 2022.

About NexPoint Diversified Real Estate Trust (NYSE:NXDT)

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a publicly traded diversified real estate investment trust (“REIT”) that trades on the New York Stock Exchange under the ticker symbol NXDT. The Company previously operated as a registered closed-end investment company. On August 28, 2020, shareholders approved a proposal to transition the Company from an investment company to a diversified REIT. As part of this transition, the Company changed its name from NexPoint Strategic Opportunities Fund to NexPoint Diversified Real Estate Trust, effective November 8, 2021. The Company also changed its ticker symbol from “NHF” to “NXDT.” On July 1, 2022, the Securities and Exchange Commission (the “SEC”) issued a deregistration order declaring that the Company has ceased to be an investment company and that the Company’s registration as an investment company under the Investment Company Act of 1940 shall immediately cease to be in effect. The order, effective July 1, 2022, allowed the Company to finalize its transition to a diversified REIT and begin trading as a REIT. For more information visit nxdt.nexpoint.com.

About NexPoint Advisors, L.P.

NexPoint Advisors, L.P. is an SEC-registered adviser on the NexPoint alternative investment platform. With its affiliates, it serves as the adviser to a suite of funds and investment vehicles that primarily focus on real estate investments. For more information visit nexpoint.com.

Contacts

Jackie Graham
Director, Investor Relations
jgraham@nexpoint.com

Lucy Bannon
Chief Communications Officer
lbannon@nexpoint.com

SOURCE NexPoint Diversified Real Estate Trust

https://www.prnewswire.com/news-releases/nexpoint-diversified-real-estate-trust-declares-regular-monthly-distribution-301581904.html

Synergy One Lending announces their NEW Bridge Loan Product

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News provided by

Synergy One Lending

Jun 30, 2022, 21:23 ET

SAN DIEGO, June 30, 2022 /PRNewswire/ — Synergy One Lending is proud to announce our very own Bridge Loan Product!  This exciting addition to an already extensive suite is another way to give your buyers the power they need to win offers in today’s competitive landscape!

“With the launch of our bridge loan product, we are bringing another great option to our originators and their clients that maximizes speed and agility needed to get them in the home they want.  Giving our team strategic options like this just means they will gain more market share,” says Synergy CEO Steve Majerus.  Coupled with the S1L HELOC, best-in-class operations, S1 FinFit application, and in-house coaching, it’s easy to see why top producers continue to be drawn to Synergy One.

To learn more about how to take your business to the next level, contact Synergy President, Aaron Nemec or SVP-Strategic Growth, Ben Green today!

Contact: Aaron Nemec, aaron@s1l.com

SOURCE Synergy One Lending

https://www.prnewswire.com/news-releases/synergy-one-lending-announces-their-new-bridge-loan-product-301579315.html

SK networks’ Hico Capital invests in a US tractor automation solution provider

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News provided by

SK networks

Jun 30, 2022, 21:26 ET

  • Participated USD 4M in Series A round of Sabanto through Hico Capital
  • Investment decision based on market growth and Sabanto’s differentiated competitive edge… contributing to sustainability as well
  • “Investing in a variety of promising business domains around the world, to build a foundation to upgrade our business portfolio”

SEOUL, South Korea, June 30, 2022 /PRNewswire/ — Hico Capital, US based investment arm of SK networks, has invested in a US AgTech startup.

SK networks announced on June 30(CDT) that the company will invest USD 4 million, via Hico Capital, its US investment subsidiary, in the Series A round for tractor automation solution provider, Sabanto (based in Chicago, Illinois, USA). Total funding amount is USD 17 million which will be used to fund commercialization and continued development the technology.

Sabanto is a startup offering an automation solution for farming tractors and differentiates itself from competitors by delivering an automation solution deployable in conventional tractors currently in operation. In addition, as the solution is offered as an open platform, it is compatible with most of the tractor brands. The automation solution is attractive with this wide range of adaptability as it can enable customers to access autonomy-embedded tractor without replacing the existing tractors. Sabanto is on track for a commercial launch of its product to farmers in the third quarter of this year. In addition, Sabanto has been pilot testing with the US Air Force since last year, with the final phase of testing to be completed in the third quarter of this year.

Hico Capital has made its investment decision based on the considerable growth potential of AgTech industry as well as Sabanto’s differentiated technologies. The US agriculture industry faces a series of challenges including aging farmers, shortage of labor, and rising costs, which have prompted the government and the market to consider automation technology as a possible solution. The global autonomous tractor market is estimated to grow at 20% per annum. Sabanto is expected to benefit from the industry tailwind, driven by the increasing demand for automation.

Samuel Kim, Managing Director at Hico Capital commented, “The AgTech industry is one of the fastest growing sectors in the United States, and Sabanto’s automation tech offerings will not only boost the operational efficiency of tractors but also contribute to the sustainability in agriculture,” and he added, “This investment will allow us to support startups with innovative technology and potentially forge partnership with SK networks’ businesses in the future.”

Founded in 2020, Hico Capital is a subsidiary of SK networks based in Silicon Valley to facilitate investments in frontier tech opportunities and to expand its local networks. Hico Capital has made a number of investments to date, including Standard Cognition and MycoWorks.

SOURCE SK networks

https://www.prnewswire.com/news-releases/sk-networks-hico-capital-invests-in-a-us-tractor-automation-solution-provider-301579316.html

Allspring Closed-End Funds Declare Monthly Distributions

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News provided by

Allspring Global Investments

Jun 24, 2022, 08:30 ET

CHARLOTTE, N.C., June 24, 2022 /PRNewswire/ — The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

TICKER

FUND NAME

DISTRIBUTION PER
SHARE

FREQUENCY

CHANGE FROM PRIOR
DISTRIBUTION

EAD

Allspring Income Opportunities Fund

$0.05892

Monthly

-$0.00080

ERC

Allspring Multi-Sector Income Fund

$0.09095

Monthly

-$0.00161

ERH

Allspring Utilities and High Income Fund

$0.07615

Monthly

+$0.00003

The following dates apply to today’s distribution declaration for each fund:

Declaration date

June 24, 2022

Ex-dividend date

July 11, 2022

Record date

July 12, 2022

Payable date

August 1, 2022

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 7% for the Allspring Utilities and High Income Fund, 8% for the Allspring Income Opportunities Fund, and 9% for the Allspring Multi-Sector Income Fund based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and/or capital gains. The fund’s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund’s NAV to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan.

The Allspring Income Opportunities Fund is a closed-end high-yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund may, as a secondary objective, seek capital appreciation to the extent it is consistent with its investment objective.

The Allspring Multi-Sector Income Fund is a closed-end income fund. The fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk.

The Allspring Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.

For more information on Allspring’s closed-end funds, please visit www.allspringglobal.com.

These closed-end funds are no longer available in public offerings and are only offered through broker-dealers on the secondary market. A closed-end fund is not required to buy its shares back from investors upon request. Shares of a fund may trade at either a premium or discount relative to the fund’s net asset value, and there can be no assurance that any discount will decrease. The values of, and/or the income generated by, securities held by a fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities.

Equity securities fluctuate in value in response to factors specific to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high-yield securities and unrated securities of similar credit quality have a much greater risk of default and their values tend to be more volatile than higher-rated securities with similar maturities. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Risks of international investing are magnified in emerging or developing markets. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuation over more diversified funds due to adverse developments within that industry or sector. Small- and mid-cap securities may be subject to special risks associated with narrower product lines and limited financial resources compared with their large-cap counterparts. Each fund is leveraged through a revolving credit facility and also may incur leverage by issuing preferred shares in the future.

The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of the net asset value and the market price of common shares. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or closely track. There are numerous risks associated with transactions in options on securities.

Allspring Global Investments™ is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC). Associated with Allspring is Galliard Capital Management, LLC (an investment advisor that is not part of the Allspring trade name/GIPS firm).

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan.

Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds’ actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances.

PAR-0622-00371

SOURCE Allspring Global Investments

https://www.prnewswire.com/news-releases/allspring-closed-end-funds-declare-monthly-distributions-301574645.html

Allspring Closed-End Funds Declare Monthly Distributions

by

News provided by

Allspring Global Investments

Jun 24, 2022, 08:30 ET

CHARLOTTE, N.C., June 24, 2022 /PRNewswire/ — The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

TICKER

FUND NAME

DISTRIBUTION PER
SHARE

FREQUENCY

CHANGE FROM PRIOR
DISTRIBUTION

EAD

Allspring Income Opportunities Fund

$0.05892

Monthly

-$0.00080

ERC

Allspring Multi-Sector Income Fund

$0.09095

Monthly

-$0.00161

ERH

Allspring Utilities and High Income Fund

$0.07615

Monthly

+$0.00003

The following dates apply to today’s distribution declaration for each fund:

Declaration date

June 24, 2022

Ex-dividend date

July 11, 2022

Record date

July 12, 2022

Payable date

August 1, 2022

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 7% for the Allspring Utilities and High Income Fund, 8% for the Allspring Income Opportunities Fund, and 9% for the Allspring Multi-Sector Income Fund based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and/or capital gains. The fund’s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund’s NAV to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan.

The Allspring Income Opportunities Fund is a closed-end high-yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund may, as a secondary objective, seek capital appreciation to the extent it is consistent with its investment objective.

The Allspring Multi-Sector Income Fund is a closed-end income fund. The fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk.

The Allspring Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.

For more information on Allspring’s closed-end funds, please visit www.allspringglobal.com.

These closed-end funds are no longer available in public offerings and are only offered through broker-dealers on the secondary market. A closed-end fund is not required to buy its shares back from investors upon request. Shares of a fund may trade at either a premium or discount relative to the fund’s net asset value, and there can be no assurance that any discount will decrease. The values of, and/or the income generated by, securities held by a fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities.

Equity securities fluctuate in value in response to factors specific to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high-yield securities and unrated securities of similar credit quality have a much greater risk of default and their values tend to be more volatile than higher-rated securities with similar maturities. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Risks of international investing are magnified in emerging or developing markets. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuation over more diversified funds due to adverse developments within that industry or sector. Small- and mid-cap securities may be subject to special risks associated with narrower product lines and limited financial resources compared with their large-cap counterparts. Each fund is leveraged through a revolving credit facility and also may incur leverage by issuing preferred shares in the future.

The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of the net asset value and the market price of common shares. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or closely track. There are numerous risks associated with transactions in options on securities.

Allspring Global Investments™ is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC). Associated with Allspring is Galliard Capital Management, LLC (an investment advisor that is not part of the Allspring trade name/GIPS firm).

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan.

Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds’ actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances.

PAR-0622-00371

SOURCE Allspring Global Investments

https://www.prnewswire.com/news-releases/allspring-closed-end-funds-declare-monthly-distributions-301574645.html

The Wendy’s Company Comments on Amended 13D Filing from Trian Partners

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News provided by
The Wendy’s Company

May 24, 2022, 17:52 ET

DUBLIN, Ohio, May 24, 2022 /PRNewswire/ — The Wendy’s Company (Nasdaq: WEN) today issued the following statement regarding the Schedule 13D/A filed by Trian Fund Management, L.P. and certain of its affiliates with the Securities and Exchange Commission:

“The Wendy’s Company’s Board of Directors and management team regularly review the Company’s strategic priorities and opportunities with the goal of maximizing value for all stockholders. Our Board is committed to continuing to act in the best interests of the Company and its stockholders. Consistent with its fiduciary duties, the Board will carefully review any proposal submitted by Trian Partners.

As demonstrated by our recent first quarter results, we continue to make meaningful progress against our three strategic growth pillars, reinforcing the strength and resiliency of the Wendy’s® brand and driving robust AUV and sales increases. We remain focused on achieving our vision of becoming the world’s most thriving and beloved restaurant brand.”
Forward-Looking Statements

This press release contains certain statements that are not historical facts, including statements regarding the Company’s strategic priorities and opportunities and future performance. Those statements, as well as statements preceded by, followed by, or that include the words “will,” “may,” “believes,” “intends,” “plans,” “expects,” “anticipates,” or similar expressions constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). The forward-looking statements are based on the Company’s expectations at the time, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. These factors include, but are not limited to, the factors identified in the “Special Note Regarding Forward-Looking Statements and Projections” and “Risk Factors” sections of our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and in our other filings with the Securities and Exchange Commission. For all forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.
About Wendy’s

Wendy’s® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is our Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find a loving, forever home for every child waiting to be adopted from the North American foster care system. Today, Wendy’s and its franchisees employ hundreds of thousands of people across approximately 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand. For details on franchising, connect with us at www.wendys.com/franchising. Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on Twitter and Instagram using @wendys, and on Facebook at www.facebook.com/wendys.

*Fresh beef available in the contiguous U.S., Alaska, and Canada.

Investor Contact:
Kelsey Freed
Director – Investor Relations
(614) 764-3345; Kelsey.freed@wendys.com

Media Contact:
Heidi Schauer
Vice President – Communications, Public Affairs & Customer Care
(614) 764-3368; heidi.schauer@wendys.com

SOURCE The Wendy’s Company

https://www.prnewswire.com/news-releases/the-wendys-company-comments-on-amended-13d-filing-from-trian-partners-301554476.html

Artel Electronics LLC becomes the largest private company to place bond on Tashkent Stock Exchange

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News provided by

Artel Electronics LLC

Jun 14, 2022, 07:37 ET

TASHKENT, Uzbekistan, June 14, 2022 /PRNewswire/ — On Friday, Artel Electronics LLC (Artel), Central Asia’s leading electronics and home appliance manufacturer, became the largest 100% privately-owned company to successfully place a corporate bond on the Tashkent Stock Exchange (TSE). The company placed a debut three-tranche bond offering of UZS 30bln (US$2.71m), with maturities of 12-18 months, a coupon interest rate of 21 – 22.5%, and quarterly payments. The Central Bank of Uzbekistan base rate is currently 16%.

The bond on the TSE is Artel’s first capital markets activity, either domestically or internationally. A broad range of investors participated in the raise, which was oversubscribed.

In its first interaction with the investor community, Artel showcased its leading domestic market share, rapid increase in export sales, and strong projections for future growth. The raise will be used to replenish the company’s working capital.

Sarvar Akhmedov, Head of the Capital Markets Development Department, Ministry of Finance of the Republic of Uzbekistan, said: “Artel’s issuance on the TSE is the latest encouraging sign of the development of Uzbekistan’s capital markets. The Ministry of Finance is committed to increasing confidence in the domestic markets and creating the conditions for an increasingly healthy and liquid TSE. We expect that other large players will soon consider the TSE as an attractive forum to raise capital, which will further develop both their businesses and our country.”

Shokhruh Ruzikulov, CEO, Artel Electronics LLC, added: “We are very proud to have issued our first bond on the domestic market. The TSE, with a pool of regionally focused investors, is the natural forum for our first bond issuance. It provides us the opportunity to demonstrate Artel’s robust fundamentals and strong growth prospects. Interacting successfully with the investor community is an affirmation of our hard work in consolidating our businesses and aligning with international best practice in ESG and financial reporting.”

The issuance is Artel’s natural next step as the company continues to align with international standards across its operations, providing an opportunity to access new forms of financing. This transformation has been facilitated by the Group’s 2020 consolidation under the parent company, Artel Electronics LLC. Total consolidated assets exceed UZS 3.7trn (US$330m).

Following extensive tax reforms in Uzbekistan in 2019 that lifted restrictions on the size of businesses, private entities have been able to consolidate their subsidiary companies under holding groups. This has allowed them to introduce international standards of corporate governance and accounting practices, and provided the scale to access more diverse forms of financing, both domestically and internationally.

In early 2022, a Presidential decree was issued that introduced tax incentives to encourage investment in the domestic capital markets. Artel becomes the largest private company to issue a bond on the TSE.

Avesta Investment Group acted as lead manager for the transaction.

Photo – https://mma.prnewswire.com/media/1839103/Artel_Canon0028.jpg

Logo – https://mma.prnewswire.com/media/1839104/Artel_Logo.jpg

SOURCE Artel Electronics LLC

https://www.prnewswire.com/news-releases/artel-electronics-llc-becomes-the-largest-private-company-to-place-bond-on-tashkent-stock-exchange-301567539.html

Artel Electronics LLC platziert als größtes privates Unternehmen eine Anleihe an der Taschkenter Börse

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News provided by

Artel Electronics LLC

Jun 15, 2022, 17:00 ET

TASHKENT, Usbekistan,, 15. Juni 2022 /PRNewswire/ — Am Freitag wurde Artel Electronics LLC (Artel), Zentralasiens führender Elektronik- und Haushaltsgerätehersteller, das größte Unternehmen in 100%igem Privatbesitz, das erfolgreich eine Unternehmensanleihe an der Tashkenter Börse (TSE) platzieren konnte. Das Unternehmen platzierte eine erste Anleihe in Höhe von 30 Mrd. UZS (2,71 Mio. US$) mit einer Laufzeit von 12 bis 18 Monaten, einem Zinssatz von 21 bis 22,5 % und vierteljährlichen Zahlungen. Der Leitzins der usbekischen Zentralbank beträgt derzeit 16 %.

Die Anleihe an der TSE ist die erste Kapitalmarktaktivität von Artel, sowohl im Inland als auch international. Ein breites Spektrum von Investoren beteiligte sich an der Kapitalerhöhung, die überzeichnet war.

Bei seiner ersten Begegnung mit der Investorengemeinschaft präsentierte Artel seinen führenden Marktanteil im Inland, den raschen Anstieg der Exportverkäufe und die starken Wachstumsprognosen für die Zukunft. Die Erhöhung wird zur Aufstockung des Betriebskapitals des Unternehmens verwendet.

Sarvar Akhmedov, Leiter der Abteilung für die Entwicklung der Kapitalmärkte im Finanzministerium der Republik Usbekistan, sagte: „Die Emission von Artel an der TSE ist das jüngste ermutigende Zeichen für die Entwicklung der usbekischen Kapitalmärkte. Das Finanzministerium ist bestrebt, das Vertrauen in die inländischen Märkte zu stärken und die Voraussetzungen für eine zunehmend gesunde und liquide TSE zu schaffen. Wir gehen davon aus, dass andere große Akteure die TSE bald als attraktives Forum für die Kapitalbeschaffung betrachten werden, was sowohl ihre Unternehmen als auch unser Land weiter voranbringen wird.”

Shokhruh Ruzikulov, CEO, Artel Electronics LLC, fügte hinzu: „Wir sind sehr stolz darauf, unsere erste Anleihe auf dem heimischen Markt begeben zu haben. Die TSE mit ihrem Pool an regional ausgerichteten Investoren ist das natürliche Forum für unsere erste Anleiheemission. Sie bietet uns die Gelegenheit, die soliden Fundamentaldaten und die starken Wachstumsaussichten von Artel zu demonstrieren. Die erfolgreiche Interaktion mit der Investorengemeinschaft ist eine Bestätigung für unsere harte Arbeit bei der Konsolidierung unserer Geschäftsbereiche und der Anpassung an internationale Best Practices im Bereich ESG und Finanzberichterstattung.”

Die Emission ist ein natürlicher nächster Schritt von Artel, da das Unternehmen seine Geschäftstätigkeit weiter an internationale Standards anpasst und so die Möglichkeit hat, neue Finanzierungsformen zu nutzen. Dieser Wandel wurde durch die Konsolidierung der Gruppe im Jahr 2020 unter der Muttergesellschaft Artel Electronics LLC erleichtert. Das gesamte konsolidierte Vermögen übersteigt 3,7 Billionen UZS (330 Millionen US$).

Nach umfassenden Steuerreformen in Usbekistan im Jahr 2019, mit denen die Beschränkungen für die Größe von Unternehmen aufgehoben wurden, konnten private Unternehmen ihre Tochtergesellschaften in Holding-Gruppen konsolidieren. Dies hat es ihnen ermöglicht, internationale Standards für die Unternehmensführung und die Rechnungslegung einzuführen und den Zugang zu vielfältigeren Finanzierungsformen sowohl im Inland als auch auf internationaler Ebene zu ermöglichen.

Anfang 2022 wurde ein Präsidialdekret erlassen, das steuerliche Anreize zur Förderung von Investitionen auf den inländischen Kapitalmärkten vorsieht. Artel wird das größte private Unternehmen, das eine Anleihe an der TSE begibt.

Die Avesta Investment Group fungierte bei der Transaktion als Lead Manager.

Foto – https://mma.prnewswire.com/media/1839103/Artel_Canon0028.jpg

Logo – https://mma.prnewswire.com/media/1839104/Artel_Logo.jpg

SOURCE Artel Electronics LLC

https://www.prnewswire.com/news-releases/artel-electronics-llc-platziert-als-grosstes-privates-unternehmen-eine-anleihe-an-der-taschkenter-borse-808444309.html

Weatherford joins Russell 3000® Index

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News provided by

Weatherford International plc

Jun 24, 2022, 18:30 ET

HOUSTON, June 24, 2022 /PRNewswire/ — Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” the “Company,” “we,” “us,” and “our”) announced today it has been added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 27, 2022 as part of the 2022 Russell indexes annual reconstitution.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. The Financial Times Stock Exchange Group (FTSE) Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

Girish Saligram, President and Chief Executive Officer, commented, “Rejoining the Russell indexes marks an important step for us and affirms the strong operational performance of the last year and our efforts to strengthen the Company’s operating posture. Additionally, we believe inclusion in the index will further drive awareness of the Company within the broader institutional investor community as we work to build on our successful track record of meeting the strategic and financial goals we have set.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Weatherford

Weatherford is a leading global energy services company. Operating in approximately 75 countries, the Company answers the challenges of the energy industry with its global talent network of approximately 17,000 team members and approximately 350 operating locations, including manufacturing, research and development, service, and training facilities.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Contacts

For Investors:
Mohammed Topiwala
Director, Investor Relations and M&A
+1 713-836-7777
investor.relations@weatherford.com

For Media:
Kelley Hughes
Director, Global Communications
+1 713-836-4193
Media@weatherford.com

SOURCE Weatherford International plc

 

https://www.prnewswire.com/news-releases/weatherford-joins-russell-3000-index-301575179.html