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Shaw Business Partners With Teck and Nokia to Launch Western Canada’s First Dedicated 5G-Ready Private LTE Network for Mining Systems

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CALGARY, Alberta, Oct. 28, 2020 — Shaw Business today announced the deployment of Western Canada’s first-ever industrial-grade Private LTE network for mining systems for Teck Resources Limited (Teck) – providing significantly greater coverage and connectivity at Teck’s Elkview Operations in British Columbia.

Developed by Shaw in partnership with Nokia, Western Canada’s first Private LTE network for mining systems was created to support the deployment of Teck’s RACE21™ program designed to transform how the company mines by harnessing technology and innovation.

Shaw Business’ industrial-grade and 5G-ready Private LTE network built exclusively for Teck will provide greater coverage and reliability as compared to the traditional, non-dedicated wireless networks currently offered by competitors in the marketplace. Additionally, this new Private LTE network will help Teck deliver significant value and efficiencies at their Elkview Operations. Teck is also looking at opportunities for using 5G-ready Private LTE network technology at other operations.

“Teck’s RACE21™ program aims to generate new value, reduce operating costs and significantly improve safety, sustainability and productivity at our operations, and improving network infrastructure will support achieving those goals,” said Andrew Milner, Senior Vice President and Chief Transformation Officer, Teck.

Shaw Business leveraged its licensed spectrum portfolio and experienced technical staff to build the 5G-ready Private LTE network that provides the coverage, mobility, security, and reliability required to optimize the modern digital mine. The network is based upon Nokia’s industrial-grade Private Wireless solution.

Because this network solution is fully private, Teck can operate mission critical applications without the conflict of any outside IT and operations constraints that are prevalent in similar non-dedicated wireless networks.

“The global economy is on the verge of the next industrial revolution — a change that will be driven entirely by 5G and other advanced connected technologies,” says Katherine Emberly, President, Business, Shaw Communications. “Through this project, we were able to combine our spectrum assets with our deep industry knowledge and sector expertise to help Teck boost productivity, efficiency, and improve safety while transforming their network infrastructure to deliver significant operational value.”

“This first-of-its-kind Private LTE mining network solution built by Shaw is a giant step forward for global 5G innovation,” said Jeffrey Maddox, President, Nokia Canada. “In partnership with Shaw, we are deploying our Industrial-grade private LTE networking solutions to provide the powerful, scalable, and flexible capabilities of a private, dedicated network to Teck. Nokia’s 5G-ready private wireless portfolio enables Teck to be future-proofed for years to come — allowing for significant digital transformation in the mining industry and beyond.”

Caution Regarding Forward-Looking Statements

Statements included in this news release that are not historic constitute forward looking statements within the meaning of applicable securities laws. Such statements include but are not limited to: statements relating to the performance and capabilities of the Private LTE network provided by Shaw, including the readiness or potential capability to deliver 5G services in the future. These statements are based on assumptions made by Shaw as at the date hereof that it believes are appropriate and reasonable in the circumstances. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward looking statements, including without limitation: the performance and capability of Private LTE network will continue to meet the needs of its customers, the ability or capability of the Private LTE network to deliver 5G services in the future, the ability to continue to access the spectrum resources required to provide the Private LTE network and deliver 5G services in the future, and other risk factors contained in Shaw’s 2019 Annual Information Form and in the management discussion and analysis in Shaw’s 2019 Annual Report. Readers are cautioned not to place undue reliance on these forward-looking statements or forward-looking information, which reflect Shaw’s expectations only as of the date of this news release. Except as required by law, Shaw disclaims any obligation to update any forward-looking statement.

About Shaw Shaw Communications Inc. is a leading Canadian connectivity company. The Wireline division consists of Consumer and Business services. Consumer serves residential customers with broadband Internet, Shaw Go WiFi, video and digital phone. Business provides business customers with Internet, data, WiFi, digital phone and video services. The Wireless division provides wireless voice and LTE data services through an expanding and improving mobile wireless network infrastructure.

Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX – SJR.B, SJR.PR.A, SJR.PR.B, NYSE – SJR, and TSXV – SJR.A). For more information, please visit www.shaw.ca

For media inquiries, please contact: Shaw Communications Inc. Chethan Lakshman, VP, External Affairs (403) 930-8448 [email protected]

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EQT AB's Nomination Committee for the Annual Shareholders' Meeting 2021

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STOCKHOLM, Nov. 30, 2020 /PRNewswire/ — EQT AB's Nomination Committee for the Annual Shareholders' Meeting 2021 has been appointed based on the ownership structure as of 31 August 2020.

The Nomination Committee consists of                                                                    
Jacob Wallenberg (Chairperson), appointed by Investor AB
Harry Klagsbrun, appointed by Bark Partners AB
Magnus Billing, appointed by Alecta
Kine Burøy-Olsen, appointed by Lennart Blecher
Conni Jonsson, Chairperson of the Board of EQT AB

As of 31 August 2020, shareholders having appointed members to the Nomination Committee represented approximately 38 percent of the voting rights for all shares of EQT AB.

The Annual Shareholders' Meeting of EQT AB will be held on Wednesday, 2 June 2021.

Shareholders who would like to submit proposals to the Nomination Committee can do so by e-mail to [email protected], or by ordinary mail under the address: EQT AB, Attn: Nomination committee, Box 164 09, 103 27 Stockholm, Sweden, by 7 April 2021, at the latest.

Contact

Lena Almefelt, General Counsel, +46 70 87 75 352
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
Nina Nornholm, Head of Communications, +46 70 855 03 56
EQT Press Office, [email protected]ers.com, +46 8 506 55 334

About EQT

EQT is a purpose-driven global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 75 billion since inception and currently has more than EUR 46 billion in assets under management across 16 active funds within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family's entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 16 countries across Europe, Asia Pacific and North America with more than 700 employees.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagram

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https://news.cision.com/eqt/r/eqt-ab-s-nomination-committee-for-the-annual-shareholders–meeting-2021,c3245786

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EQT AB’s Nomination Committee for the Annual Shareholders’ Meeting 2021

 

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Nordic Nanovector announces change of its Oslo Børs ticker symbol to 'NANOV'

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OSLO, Norway, Nov. 30, 2020 /PRNewswire/ — Nordic Nanovector ASA (OSE: NANOV) announces that the Company's ticker symbol on the Oslo Børs will change from 'NANO' to 'NANOV' and will be effective as of the start of trading on 30 November 2020.

The change of ticker follows Oslo Børs' integration into Euronext's trading platform Optiq. Over 60 companies whose shares trade on OSE have the same ticker symbol as companies on other Euronext-markets and have been required to change their tickers. 

The announcement by the Oslo Børs can be found here:

www.oslobors.no/Oslo-Boers/Notering/Nytt-handelssystem-30.-november

For further information, please contact:

IR enquiries

Malene Brondberg, CFO
Cell: +44 7561 431 762
Email: [email protected] 

Media Enquiries

Mark Swallow/Frazer Hall/David Dible (Citigate Dewe Rogerson)
Tel: +44 203 926 8535
Email: [email protected] 

About Nordic Nanovector:

Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs and advance cancer care. The Company aspires to become a leader in the development of targeted therapies for haematological cancers. Nordic Nanovector's lead clinical-stage candidate is Betalutin®, a novel CD37-targeting radioimmunotherapy designed to advance the treatment of non-Hodgkin's lymphoma (NHL). NHL is an indication with substantial unmet medical need, representing a growing market forecast to be worth nearly USD 29 billion by 2026. Nordic Nanovector retains global marketing rights to Betalutin® and intends to actively participate in the commercialisation of Betalutin® in the US and other major markets.

Further information can be found at www.nordicnanovector.com.

This information is subject to a duty of disclosure pursuant to Sections 4-2 and 5-12 of the Securities Trading Act.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/nordic-nanovector/r/nordic-nanovector-announces-change-of-its-oslo-bors-ticker-symbol-to–nanov-,c3245780

 

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Castellum updates the expected synergies amount from a combination with Entra, following the recent report from Moody's

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– The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, any jurisdiction (including without limitation Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland) or the United States  in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Norwegian law. For further information, please see section entitled “Important notice” and “Notice for U.S. shareholders” below.

GOTHENBURG, Sweden, Nov. 30, 2020 /PRNewswire/ — On 26 November 2020 Castellum Aktiebolag (publ) (“Castellum”) announced the intention to launch a share exchange and cash offer to Entra ASA's (“Entra”) shareholders (the “Offer”). Following the report from Moody's on the positive credit impact and long-term benefits of a combination with Entra, Castellum has updated the calculation of expected synergies from the combination

Castellum's Offer represents in excess of NOK 185 per Entra share and a superior proposition for all stakeholders

  • Total synergies of at least SEK 300 million per year including SEK 150 million of cost synergies and SEK 150 million of financial synergies, following Moody's report on 27 November 2020 which stated that the combination of Castellum and Entra is credit positive and offers significant long-term benefits
  • Entra shareholders will own approximately 28.2% of the shares in the combined company and will benefit from the value of these synergies. On a fully diluted basis, the synergies represent NOK 14 per Entra share of additional value, resulting in an all-in Offer value in excess of  NOK 185 per Entra share[1]

Castellum's Offer is fully financed and will deliver strong growth in income from property management and net asset value to all shareholders

  • Upon completion of the Offer, Castellum's leverage will be in line with its stated financial policy. Castellum does not intend to raise additional equity in the market to finance the transaction
  •  The proposed combination is accretive to both the shareholders of Entra and Castellum and offers further value creation potential on top of the NOK 185 per Entra share from the joint development and active portfolio management of the combined business and harnessing of the combined operating platform for further growth. Castellum's income from property management per share, including synergies, is expected to increase by mid-to-high single digit percentages as a direct result of the combination, which will benefit both the existing shareholders of Castellum and Entra
  • Following completion of the Offer, the combined group will be the leader in the Nordic real estate sector, a global leader in sustainability, and a model for best in class corporate governance

In summary, Castellum's Offer is superior in upfront price, immediate value proposition, future upside participation in the form of shares, strategic fit, corporate governance and capital structure.

Henrik Saxborn, CEO of Castellum, comments

“Castellum appreciates the overwhelming support we have received since announcing our intention to launch the Offer to Entra shareholders, including from the Norwegian government, rating agencies, relationship banks of both Entra and Castellum, and shareholders of both companies. This will be a marriage of two great companies which share long-term Nordic cultural similarities and have a strong track record of delivering value enhancing growth, to create the leading Nordic real estate platform. Our Offer delivers a superior value proposition to all stakeholders, with an all-in value to Entra shareholders in excess of NOK 185 per Entra share.We have a great deal of respect for the Entra business and its employees and recognize the importance of Entra and its state-backed history and tenant base for Norway. Equally important is the presence of Norwegian citizens' and pensioners' funds invested in Entra, which must be handled with professional attention and duty. I firmly believe and commit that Castellum will be the ideal long-term partner for Entra and together we will build a better future of sustainable cities and set an industry-leading example of top-class corporate governance, shareholder returns and financial discipline”.

About Castellum:

Under the current Castellum management team led by Henrik Saxborn, Castellum has delivered consistent growth in the past 7 years during which the property portfolio value increased from SEK36bn to SEK98bn GAV whilst the loan-to-value ratio was reduced from 53% to 43% through disciplined M&A and organic growth by maintaining a disciplined and balanced capital structure. The Castellum share price has more than doubled in the last 7 years and the total return for shareholders was in excess of 250%[2].

Castellum is one of the largest listed real estate companies in Sweden in terms of GAV with a SEK98bn GAV real estate portfolio that is owned and managed under the Castellum brand through a decentralised organization with strong local presence in 17 growth regions across Sweden, as well as in Copenhagen and in Helsinki. Castellum seeks long term stability in its operating performance and has designed its corporate strategy and the way it does business to reflect this. Castellum's tenants include a spectrum of Swedish government entities and enterprises across various industries and its rental exposure is well diversified across rental contracts.

Castellum owns a diversified commercial property portfolio with a majority in the office sector (71%, of which 24% have government tenants) and strong positions in the attractive logistics property segment (17%) as well as a co-working offering, providing flexibility in the office product through the subsidiary United Spaces. In addition, Castellum is one of Sweden's most prominent property developers.

Castellum operates with a conservative financial profile, meaning a loan-to-value ratio that shall not exceed 50%. The current loan-to-value ratio (per September 30, 2020) is 43%. Castellum has a financial target of increasing income from property management per share by 10% annually. Castellum has consistently delivered increased income from property management and increased dividends to shareholders over the past 23 years. The total return to shareholders over the past 10 years is approx. 14% per year.

[1] NOK 14 per Entra share from the capitalized value of SEK 300 million per year of synergies, plus NOK 170.86 of upfront consideration, in the form of shares and cash, based on the Castellum closing share price on 26 November 2020 of SEK 213.40 per share, and on the basis of an Entra shareholder accepting Castellum's Offer of 13 newly issued shares in Castellum for every 20 shares in Entra plus NOK 25.68 in cash per share in Entra.
[2] Calculated from 31 December 2012 to 23 November 2020
 

For further information please contact:

Henrik Saxborn, CEO Castellum AB, +46.706.947450

Ulrika Danielsson, CFO Castellum AB, +46.706.471261 

Important notice

The Offer is not capable of being accepted by persons who are located or resident in the United States unless they are qualified institutional buyers (“QIBs“) (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended), and any purported acceptance of the Offer by persons located or resident in the United States other than QIBs or which, at the sole discretion of Castellum, appear to be made in respect of Entra shares beneficially held by persons located or resident in the United States other than QIBs will not be accepted. By accepting the Offer, Entra shareholders, unless participating pursuant to the exception for QIBs referred to above, will be deemed to represent and warrant, on behalf of themselves and any person on whose behalf they beneficially hold Entra shares, that they are not located or resident in the United States. (See “Notice for U.S. shareholders” below.)

The Offer is not being made, and this press release and any other documentation related to the Offer (including copies thereof) must not be mailed or otherwise distributed, forwarded or sent in or into, nor will any tender of share be accepted from or on behalf of holders in, any jurisdiction (including without limitation Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland) or the United States in which the distribution of this press release or the Offer would require any additional measures to be taken or would be in conflict with any law or regulation in any such jurisdiction. Persons who receive this press release (including without limitation banks, brokers, dealers, nominees, trustees and custodians) and are subject to the laws and regulations of any such jurisdiction will need to inform themselves about, and observe, any applicable restrictions and requirements. Any failure to do so may constitute a violation of the securities laws or regulations of any such jurisdiction. To the extent permitted by applicable law, Castellum disclaims any responsibility or liability for any violations of any such restrictions and Castellum reserves the right to disregard any purported acceptance of the Offer resulting directly or indirectly from a violation of any of these restrictions.

Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections and the other effects of the Offer, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside Castellum's control. Any forward-looking statements in this press release speak only as of the date on which they are made and Castellum has no obligation (and undertakes no such obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

Notice for U.S. shareholders

The Offer is not capable of being accepted by persons who are located or resident in the United States unless they are QIBs, and any purported acceptance of the Offer by persons located or resident in the United States other than QIBs or which, at the sole discretion of Castellum, appear to be made in respect of Entra shares beneficially held by persons located or resident in the United States other than QIBs will not be accepted.

The Offer is made for the issued and outstanding shares in Entra, which is domiciled in Norway, and is subject to Norwegian disclosure and procedural requirements. The Offer is made in the United States to QIBs pursuant to Section 14(e) and Regulation 14E under the U.S. Securities Exchange Act as of 1934 (“Exchange Act“), subject to exemptions provided by Rule 14d-1(d) under the Exchange Act for a “Tier II” tender offer, and otherwise in accordance with the disclosure and procedural requirements of Norwegian law, including with respect to the Offer timetable, settlement procedures, withdrawal, waiver of conditions and timing of payments, which are different from those of the United States. In particular, the financial information included in this press release has been prepared in accordance with applicable accounting standards in Norway and Sweden, which may not be comparable to the financial statements or financial information of U.S. companies. The Offer is made to Entra's shareholders resident in the United States that are QIBs on the same terms and conditions as those made to all other shareholders of Entra to whom an offer is made. Any information documents, including the Offer Document, are being disseminated to U.S. shareholders that are QIBs on a basis comparable to the method that such documents are provided to Entra's other shareholders.

To the extent permissible under applicable law or regulations, Castellum and its affiliates or its brokers and its brokers' affiliates (acting as agents for Castellum or its affiliates, as applicable) may from time to time and during the pendency of the Offer, and other than pursuant to the Offer, directly or indirectly, purchase or arrange to purchase, the shares in Entra or any securities that are convertible into, exchangeable for or exercisable for such shares. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent information about such purchases or arrangements to purchase is made public in Norway, such information will be disclosed by means of a press release or other means reasonably calculated to inform U.S. shareholders of Entra of such information. In addition, the financial advisers to Castellum may also engage in ordinary course trading activities in securities of Entra, which may include purchases or arrangements to purchase such securities. To the extent required in Norway, any information about such purchases will be made public in Norway in the manner required by Norwegian law.

Neither the SEC nor any U.S. state securities commission has approved or disapproved the Offer, passed upon the merits or fairness of the Offer, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in the Offer Document. Any representation to the contrary is a criminal offence in the United States.

It may be difficult for Entra's shareholders to enforce their rights and any claims they may have arising under the U.S. federal securities laws, since Castellum and Entra are located in non-U.S. jurisdictions, and some or all of their respective officers and directors may be residents of non-U.S. jurisdictions. Entra's shareholders may not be able to sue Castellum or Entra or their respective officers or directors in a non-U.S. court for violations of the U.S. federal securities laws. It may be difficult to compel Castellum and Entra and their respective affiliates to subject themselves to a U.S. court's judgment.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/castellum/r/castellum-updates-the-expected-synergies-amount-from-a-combination-with-entra–following-the-recent-,c3245751

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