PHILADELPHIA, Dec. 20, 2024 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating CompoSecure, Inc. (NASDAQ: CMPO) on behalf of the company's current shareholders.

Additional information: https://kaskelalaw.com/case/composecure/

The investigation seeks to determine whether CompoSecure and/or the company's officers and directors violated the securities laws or breached their fiduciary duties to the company's stockholders.

TORONTO, Dec. 20, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the December 2024 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools and CIBC Sustainable Investment Solutions.

Unitholders of record on December 31, 2024, will receive cash distributions payable on January 6, 2025. Details of the final "per unit" distribution amounts are as follows:

PHILADELPHIA, Dec. 20, 2024 /PRNewswire/ -- Kaskela Law LLC announces that it has commenced a shareholder investigation into the recently announced proposed buyout of Innovid Corp. (NYSE: CTV) ("Innovid") shareholders.

Additional information: https://kaskelalaw.com/case/innovid-corp/

On November 21, 2024, Innovid announced that it would be acquired by Mediaocean at a price of $3.15 per share.  Following the closing of the proposed transaction, Innovid shareholders will be cashed out of their investment position and the company's shares will no longer be publicly traded. 

As 2025 approaches, S&P Global Mobility forecasts 89.6 million new vehicle sales worldwide next year, reflecting cautious recovery growth. Automotive forecasts have been downgraded across the board, reflecting expected post-election US policy shifts. Resulting impacts to vehicle demand will be significant, especially interest rates, trade flows, sourcing, and BEV adoption rates. 

SOUTHFIELD, Mich., Dec. 20, 2024 /PRNewswire/ -- Global new light vehicle sales in 2025 are expected to rise 1.7% year-over-year, to 89.6 million units, according to a new forecast by S&P Global Mobility.

BlackRock Frontiers Investment Trust plc(LEI: 5493003K5E043LHLO706)

 

SUBMISSION OF DOCUMENTS: Annual Report and Financial Statements for the year ended 30 September 2024

 

Copies of the following documents have been submitted to the National Storage Mechanism:

 

- Annual Report for year ended 30 September 2024

- Form of Proxy relating to the Company’s Annual General Meeting These documents will shortly be available for inspection at:

 

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

The Annual Report and Financial Statements for the year ended 30 September 2024 may also be viewed at:

 

www.blackrock.com/uk/brfi

20 December 2024

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: WeCap PLC LEI: 213800FYUQ8ENKDP4S43 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation iv Name Res Privata N.V. City and country of registered office (if applicable) Amsterdam, Netherlands 4. Full name of shareholder(s) (if different from 3.) v Name Global Prime Partners LTD City and country of registered office (if applicable) London, United Kingdom 5. Date on which the threshold was crossed or reached vi: 20 December 2024 6. Date on which issuer notified (DD/MM/YYYY): 20 December 2024 7. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) vii Resulting situation on the date on which threshold was crossed or reached 11.27% 0% 11.27% 48,823,529 Position of previous notification (if applicable) 9.69% 0% 9.69% 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii A: Voting rights attached to shares Class/type of sharesISIN code (if possible) Number of voting rights ix % of voting rights Direct(DTR5.1) Indirect (DTR5.2.1) Direct(DTR5.1) Indirect(DTR5.2.1) GB00BKTRF404 48,823,529 11.27% SUBTOTAL 8. A 48,823,529 11.27% B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial instrument Expiration date x Exercise/ Conversion Period xi Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of financial instrument Expiration date x Exercise/ Conversion Period xi Physical or cash Settlement xii Number of voting rights % of voting rights SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv X Name xv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold Lennard Christian Zwart Lenhold B.V. Res Privata N.V. Global Prime Partners LTD N/A N/A N/A 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xvi This notification is submitted in accordance with the disclosure obligations stipulated in the articles of association of the company.Lenhold B.V. is the AIFM to Res Privata N.V. (an AIF) and controls that entity. Lenhold B.V. is controlled by Lennard Christian Zwart. Place of completion London, UK Date of completion 20 December 2024

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSXV - FPC

MONTRÉAL, Dec. 20, 2024 /CNW/ - Falco Resources Ltd. (TSXV: FPC) ("Falco" or the "Corporation") is pleased to announce the closing of its previously announced "best efforts" brokered private placement (the "Offering") with Cantor Fitzgerald Canada Corporation, acting as sole agent and sole bookrunner (the "Agent"). Pursuant to the Offering, Falco has issued an aggregate of 24,000,000 units of the Corporation (the "Units") at a price of C$0.25 per Unit, for aggregate gross proceeds of C$6,000,000.

 

 

BlackRock American Income Trust plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

20 December 2024

(LEI: 549300WWOCXSC241W468)

BlackRock American Income Trust plc

Publication of Circular and Notice of General Meeting to Renew the Company's authority to buy back Ordinary Shares

The Board of BlackRock American Income Trust plc (the "Company") announces that it has today published a Circular (the "Circular") which contains a notice of a general meeting (the "General Meeting"), at which the Board seeks Shareholders' approval to renew the Company's share buyback authority. The General Meeting will be held at 09.45 a.m. on 23 January 2025 at 12 Throgmorton Avenue, London EC2N 2DL.

At the Company's annual general meeting held on 14 March 2024 (the "2024 AGM"), the Directors were granted authority to make market purchases of up to 11,742,832 Ordinary Shares, representing 14.99 per cent. of the issued ordinary share capital of the Company (excluding treasury shares) as at the date of the 2024 AGM. As at the Latest Practicable Date, the Company has bought back 8,162,451 Ordinary Shares and the authority granted at the 2024 AGM has been substantially utilised. The Directors have concluded that the remaining capacity would be fully utilised before the Company's next annual general meeting (the "2025 AGM"), which is expected to be held in March or April 2025, if the Company's purchases of its own shares were to continue at the same rate as they have since the 2024 AGM.  The Directors therefore wish to seek approval for a renewal of this authority.

 

Background to, and reasons for, the proposed renewal of the buyback authority

The Directors recognise the importance to investors that the market price of the Company should not trade at a significant discount to the underlying Net Asset Value per Ordinary Share. Accordingly, the Directors monitor the share price of the Company closely and in normal market conditions use the authority granted to them to make market purchases of Ordinary Shares when they believe it is in the best interests of Shareholders to do so and to ensure that the share price does not go to an excessive discount.

As at the Latest Practicable Date, the Company has capacity to buy back only a further 3,580,381 Ordinary Shares, which represents 4.6 per cent. of the issued ordinary share capital (excluding treasury shares) as at the date of the 2024 AGM. Were the current rate of buybacks to continue, the Directors anticipate that the buyback authority would be exhausted prior to the 2025 AGM which is expected to be held in March or April 2025.

The Directors are therefore proposing to convene the General Meeting to seek the authority from Shareholders to renew the Company's authority to buy back Ordinary Shares, with such renewed authority expiring at the conclusion of the 2025 AGM, at which point the Directors intend to seek further renewal of the authority to make market purchases of Ordinary Shares. This renewed authority would provide the Company the necessary flexibility to continue to manage the discount to Net Asset Value per Ordinary Share at which the Ordinary Shares are trading.

The Resolution to be considered at the General Meeting will, if passed, give the Directors the authority to make market purchases of up to 10,519,281 Ordinary Shares, or, if less, that number of Ordinary Shares which is equal to 14.99 per cent. of the Company's issued ordinary share capital (excluding treasury shares) at the date of the General Meeting. 

The Resolution will authorise the Company to make market purchases of Ordinary Shares for a maximum price (exclusive of expenses) of the higher of (i) 105 per cent. of the average of the middle market quotations of the Ordinary Shares for the five dealing days preceding the purchase and (ii) the higher of the price quoted for (a) the last independent trade of and (b) the highest independent bid for, any number of Ordinary Shares on the trading venue where the purchase is carried out. The minimum price (exclusive of expenses) which may be paid for any such Ordinary Share shall be 1p.

The Directors intend to use this authority where they have determined that it is in the best interests of Shareholders to do so with the objective of ensuring that the share price of the Ordinary Shares does not go to an excessive discount to the Net Asset Value per Ordinary Share. All Ordinary Shares purchased pursuant to the authority granted by the Resolution shall be either held in treasury or cancelled immediately upon completion of the purchase.

Benefits of the proposal

If the renewal of the buyback authority is granted, this will allow the Company to continue to buy back Ordinary Shares with the objective of ensuring that the share price of the Ordinary Shares does not go to an excessive discount to the Net Asset Value per Ordinary Share. Without such approval, the Directors may not have sufficient authority to continue to buy back Ordinary Shares. In such circumstances, it might be expected that the discount would widen through a fall in the share price relative to the underlying Net Asset Value per Ordinary Share, which is to the detriment of all existing Shareholders.

A copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular and the Notice of the General Meeting will also be available on the Company's website at https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-american-income-investment-trust/trust-information.

Unless otherwise defined, all definitions used in this announcement will have the same meaning as described in the Circular.

 

For further information, please contact:

BlackRock Investment Management (UK) Limited, Investment Manager

+44 (0) 20 7743 1869

Charles Kilner, Director

 

Cavendish Securities, Corporate Adviser

+44 (0) 20 7397 1915

Tunga Chigovanyika, Corporate Finance Director

 

 

 

 

 

 

MIGO OPPORTUNITIES TRUST PLC

LEI: 21380075RRMI7D4NQS20

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for MIGO Opportunities Trust plc at the close of business on 19 December 2024 was 359.95p (ex-income) 361.80p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Company Secretary

20 December 2024

MENHADEN RESOURCE EFFICIENCY PLC

LEI: 2138004NTCUZTHFWXS17

NET ASSET VALUE

The estimated un-audited net asset value per share for Menhaden Resource Efficiency PLC, calculated in accordance with the guidelines of the Association of Investment Companies, at the close of business on 19 December 2024 was 173.21p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary                                                  

20 December 2024

PACIFIC ASSETS TRUST PLC                                                                                                                

LEI:2138008U8QPGAESFYA48

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for Pacific Assets Trust plc at the close of business on 19 December 2024 was 426.05p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary

20 December 2024

WORLDWIDE HEALTHCARE TRUST PLC

LEI: 5493003YBCY4W1IMJU04

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for Worldwide Healthcare Trust PLC at the close of business on 19 December 2024 was 365.38p (cum income) Ex-dividend.                                            

For and on behalf of the Board          

Frostrow Capital LLP

Secretary        

20 December 2024

THE BIOTECH GROWTH TRUST PLC

LEI:549300Z41EP32MI2DN29

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for The Biotech Growth Trust PLC at the close of business on 19 December 2024 was 956.07p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary

20 December 2024

FINSBURY GROWTH & INCOME TRUST PLC

LEI: 213800NN4ZKX2LGIGQ40

NET ASSET VALUE

The estimated un-audited net asset value per share, calculated in accordance with the guidelines of the Association of Investment Companies, for Finsbury Growth & Income Trust PLC at the close of business on 19 December 2024 was 966.62p (cum income).

For and on behalf of the Board          

Frostrow Capital LLP

Secretary

20 December 2024

 

20 December 2024

RIGHTMOVE PLC

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

Rightmove plc Share Incentive Plan Award of Free Shares

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Johan Svanstrom

2.

Reason for notification

a)

Position/status

Chief Executive Officer

b)

Initial Notification/Amendment

Initial notification

3.

Details of the issuer

a)

Name

Rightmove plc

b)

Legal Entity Identifier

2138001JXGCFKBXYB828

4.

Details of the transaction: section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of financial instrument

Identification code:

Ordinary Shares of 0.1p each

GB00BGT3G23

b)

Nature of transaction

Award of Free shares under the Company’s all employee Share Incentive Plan. The shares will ordinarily become exercisable from the third anniversary of the grant date subject to continued service.

c)

Prices and volumes

Price

Volume

Total

GBP 6.763

445

GBP 3,009.54

d)

Aggregated information not applicable for a single transaction

Price

Volume

Total

 

 

 

e)

Date of transaction

19 December 2024

f)

Place of transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ruaridh Hook

2.

Reason for notification

a)

Position/status

Chief Financial Officer

b)

Initial Notification/Amendment

Initial notification

3.

Details of the issuer

a)

Name

Rightmove plc

b)

Legal Entity Identifier

2138001JXGCFKBXYB828

4.

Details of the transaction: section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of financial instrument

Identification code:

Ordinary Shares of 0.1p each

GB00BGT3G23

b)

Nature of transaction

Award of Free shares under the Company’s all employee Share Incentive Plan. The shares will ordinarily become exercisable from the third anniversary of the grant date subject to continued service.

c)

Prices and volumes

Price

Volume

Total

GBP 6.763

445

GBP 3,009.54

d)

Aggregated information not applicable for a single transaction

Price

Volume

Total

 

 

 

e)

Date of transaction

19 December 2024

f)

Place of transaction

Outside a trading venue

 

 

Name and contact number for enquiries:

Carolyn PollardCompany Secretary

CompanySecretary@Rightmove.co.uk

 

VANCOUVER, BC, Dec. 20, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce a conditionally approved funding commitment of up to C$20 million from Natural Resources Canada ("NRCan") through the Critical Minerals Infrastructure Fund ("CMIF"), a key program under the Canadian Critical Minerals Strategy. The funding, pending final due diligence by NRCan and the execution of a definitive contribution agreement, will support eligible expenses related to the construction of the McIlvenna Bay project's hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure at the Company's McIlvenna Bay project.

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

TORONTO, Dec. 20, 2024 /CNW/ - Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) (the "Company" or "Arizona Metals") is pleased to announce that it has closed its previously announced bought deal public offering of 15,927,700 common shares (the "Common Shares") of the Company at a price of $1.70 per Common Share (the "Offering Price") for gross proceeds to the Company of $27,077,090 (the "Offering"), which includes the partial exercise of the over-allotment option by the underwriters to purchase 1,221,817 Common Shares. The Offering was conducted by a syndicate of underwriters co-led by Stifel Nicolaus Canada Inc. and Scotiabank, and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Beacon Securities Limited and Clarus Securities Inc. (the "Underwriters").  

LUND, Sweden, Dec. 20, 2024 /PRNewswire/ -- BPC Instruments AB (publ) ("BPC") announces that the Berenberg European Micro Cap Fund has acquired 4.8 percent of outstanding shares in BPC via a transaction with Gustaf Olsson, Chairman of the Board of BPC.

The Berenberg European Micro Cap Fund has acquired 500,000 shares from Gustaf Olsson, the Chairman of BPC's Board. The transaction was executed as a block trade with no impact on the market share price. Prior to the transaction, Gustaf Olsson held 1,096,389 shares, corresponding to approximately 10.5 percent of BPC ownership. He now holds 596,389 shares, equivalent to approximately 5.7 percent. The Berenberg European Micro Cap Fund now owns 500,000 shares, corresponding to approximately 4.8 percent of BPC.

Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHPCentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depthDistrict-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveriesAccretive transaction adds to GMIN's project pipeline with no upfront costAppointment of Vincent Benoit, Managing Partner and Chief Investment Officer of La Mancha, to its Board of Directors

Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHPCentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depthDistrict-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveriesAccretive transaction adds to GMIN's project pipeline with no upfront costAppointment of Vincent Benoit, Managing Partner and Chief Investment Officer of La Mancha, to its Board of Directors