Business Headline https://businessheadline.in/ The Name You Know. The News You Need. Thu, 29 Jun 2023 10:31:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://i0.wp.com/businessheadline.in/wp-content/uploads/2023/02/cropped-ibgu0wkj4k6mfarzpqsr-copy.jpg?fit=32%2C32&ssl=1 Business Headline https://businessheadline.in/ 32 32 213813280 Oma Savings Bank Plc’s composition of Shareholders’ Nomination Committee https://businessheadline.in/brand-post/market/oma-savings-bank-plcs-composition-of-shareholders-nomination-committee/ https://businessheadline.in/brand-post/market/oma-savings-bank-plcs-composition-of-shareholders-nomination-committee/?noamp=mobile#respond Thu, 29 Jun 2023 10:31:00 +0000 https://businessheadline.in/brand-post/market/oma-savings-bank-plcs-composition-of-shareholders-nomination-committee/ OMA SAVINGS BANK PLC STOCK EXCHANGE RELEASE, 29 JUNE 2023 AT 13.31 P.M. EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE Oma Savings Bank Plc’s composition of Shareholders’ Nomination Committee According to the shareholder list on 1 June 2023, representatives of the five largest shareholders have been appointed to the Nomination Committee […]

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OMA SAVINGS BANK PLC STOCK EXCHANGE RELEASE, 29 JUNE 2023 AT 13.31 P.M. EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE

Oma Savings Bank Plc’s composition of Shareholders’ Nomination Committee

According to the shareholder list on 1 June 2023, representatives of the five largest shareholders have been appointed to the Nomination Committee of Oma Savings Bank Plc (OmaSp):

  • Raimo Härmä, appointed by Etelä-Karjalan Säästöpankkisäätiö
  • Ari Lamminmäki, appointed by Parkanon Säästöpankkisäätiö
  • Jouni Niuro, appointed by Liedon Säästöpankkisäätiö
  • Aino Lamminmäki, appointed by Töysän Säästöpankkisäätiö
  • Simo Haarajärvi, appointed by Kuortaneen Säästöpankkisäätiö

The Nomination Committee elects a Chairman from among its members.

The Nomination Committee prepares proposals for the election of the Board of Directors and the remuneration of the Board of Directors to the Annual General Meeting and, if necessary, for an Extraordinary General Meeting. OmaSp’s five largest shareholders each have the right to appoint one representative to the Nomination Committee. The Nomination Board should give their recommendations regarding the members of the Board of Directors and their respective compensations to the Board of Directors by the end of January preceding the Annual General Meeting. In the case of an Extraordinary General Meeting, the Nomination Committee should accordingly give their respective recommendations well in advance before the General Meeting, taking into account applicable regulations. The Chairman of the Board of Directors acts as the convener. The Nomination Committee complies with the rules of procedure approved by the Annual General Meeting.

Oma Savings Bank Plc

Additional information:
Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi

DISTRIBUTION
Nasdaq Helsinki Ltd
Major media
www.omasp.fi

Oma Savings Bank in short

OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. About 450 professionals provide nationwide services through OmaSp’s 45 branch offices and digital service channels to over 200,000 customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

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Kineta to Receive $5 Million Milestone Payment from Merck https://businessheadline.in/brand-post/nasdaq/kineta-to-receive-5-million-milestone-payment-from-merck/ https://businessheadline.in/brand-post/nasdaq/kineta-to-receive-5-million-milestone-payment-from-merck/?noamp=mobile#respond Thu, 29 Jun 2023 10:30:00 +0000 https://businessheadline.in/brand-post/nasdaq/kineta-to-receive-5-million-milestone-payment-from-merck/ SEATTLE, June 29, 2023 (GLOBE NEWSWIRE) — (June 29, 2023) Kineta, Inc. (Nasdaq: KA), a clinical-stage biotechnology company focused on the development of novel immunotherapies in oncology that address cancer immune resistance, announced today the achievement of a development milestone which triggers a $5 million payment from its research and development collaboration with Merck (known as […]

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SEATTLE, June 29, 2023 (GLOBE NEWSWIRE) — (June 29, 2023) Kineta, Inc. (Nasdaq: KA), a clinical-stage biotechnology company focused on the development of novel immunotherapies in oncology that address cancer immune resistance, announced today the achievement of a development milestone which triggers a $5 million payment from its research and development collaboration with Merck (known as MSD outside the United States and Canada). This collaboration, focused on the discovery and development of novel candidates for the treatment of amyotrophic lateral sclerosis (ALS), originated from an agreement between Yumanity Therapeutics and Merck.

“We are proud to achieve this milestone in our collaboration with Merck,” said Shawn Iadonato, Ph.D., Chief Executive Officer of Kineta. “This milestone payment also strengthens our financial position and allows the company to continue to focus on the clinical development of our core immuno-oncology assets.”

Following this milestone, Merck will assume sole responsibility for all future development and commercialization of the ALS program. Under the collaboration and license agreement, Kineta is eligible to receive additional milestone payments totaling up to $255 million associated with the successful development of marketed products for pipeline programs, as well as royalties on worldwide net sales.

About Kineta
Kineta (Nasdaq: KA) is a clinical-stage biotechnology company with a mission to develop next-generation immunotherapies that transform patients’ lives. Kineta has leveraged its expertise in innate immunity and is focused on discovering and developing potentially differentiated immunotherapies that address the major challenges with current cancer therapy. For more information on Kineta, please visit www.kinetabio.com, and follow Kineta on Twitter, LinkedIn and Facebook.

Cautionary Statements Regarding Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as, but not limited to, “believe,” “expect,” “estimate,” “project,” “intend,” “future,” “potential,” “continue,” “may,” “might,” “plan,” “will,” “should,” “seek,” “anticipate,” or “could” and other similar words or expressions are intended to identify forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on Kineta’s current beliefs, expectations and assumptions regarding the future of Kineta’s business, future plans and strategies, clinical results and other future conditions. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.

Such forward-looking statements are subject to a number of material risks and uncertainties including, but not limited to: the adequacy of Kineta’s capital to support its future operations (including its ability to complete the second tranche of the previously disclosed contemplated private placement in the third quarter of 2023) and its ability to successfully initiate and complete clinical trials; the difficulty in predicting the time and cost of development of Kineta’s product candidates; Kineta’s plans to research, develop and commercialize its current and future product candidates, including, but not limited to, KVA12123; the timing and anticipated results of Kineta’s planned pre-clinical studies and clinical trials and the risk that the results of Kineta’s pre-clinical studies and clinical trials may not be predictive of future results in connection with future studies or clinical trials; the timing of the availability of data from Kineta’s clinical trials; the timing of any planned investigational new drug application or new drug application; the risk of cessation or delay of any ongoing or planned clinical trials of Kineta or its collaborators; the clinical utility, potential benefits and market acceptance of Kineta’s product candidates; Kineta’s commercialization, marketing and manufacturing capabilities and strategy; developments and projections relating to Kineta’s competitors and its industry; the impact of government laws and regulations; the timing and outcome of Kineta’s planned interactions with regulatory authorities; Kineta’s ability to protect its intellectual property position; Kineta’s estimates regarding future revenue, expenses, capital requirements and need for additional financing; the intended use of proceeds from the registered direct offering completed in April 2023; and those risks set forth under the caption “Risk Factors” in the Company’s most recent Annual Report on Form 10-K filed with the SEC on March 31, 2023, and Quarterly Report on Form 10-Q filed with the SEC on May 11, 2023, as well as discussions of potential risks, uncertainties and other important factors in Kineta’s subsequent filings with the SEC. Any forward-looking statement speaks only as of the date on which it was made. Except as required by law, Kineta undertakes no obligation to publicly update or revise any forward-looking statement, whether as result of new information, future events or otherwise.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Kineta, Inc. :
Jacques Bouchy
EVP Investor Relations & Business Development
+1 206-378-0400
jbouchy@kineta.us

Investor Relations:
John Mullaly
LifeSci Advisors, LLC
jmullaly@lifesciadvisors.com

Source: Kineta, Inc.

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Macerich Welcomes Primark to Green Acres Mall https://businessheadline.in/brand-post/market/macerich-welcomes-primark-to-green-acres-mall/ https://businessheadline.in/brand-post/market/macerich-welcomes-primark-to-green-acres-mall/?noamp=mobile#respond Thu, 29 Jun 2023 10:30:00 +0000 https://businessheadline.in/brand-post/market/macerich-welcomes-primark-to-green-acres-mall/ SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced that Primark has opened a new Long Island store at Green Acres Mall. Irish retail brand Primark is a leading international clothing retailer […]

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SANTA MONICA, Calif., June 29, 2023 (GLOBE NEWSWIRE) — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced that Primark has opened a new Long Island store at Green Acres Mall.

Irish retail brand Primark is a leading international clothing retailer that draws shoppers to the high street worldwide with its wide selection of essentials and fashion favorites built around everyday affordability. At Green Acres, Primark is located in Center Court, adjacent to another prominent international retailer scheduled to open in Fall 2023. The two retailers replace a former JCPenney, revitalizing the space and demonstrating Macerich’s continued success in redeveloping underused property elements across its portfolio.

Green Acres Mall marks Primark’s seventh store at a Macerich property and seventh in New York State. Set just east of New York City on the border of Queens and Nassau counties in the diverse, idyllic Long Island villages, Green Acres Mall is a popular retail destination for residents and visitors alike. At more than 2 million square feet, Green Acres is the nation’s 18th-largest enclosed shopping center, with over 150 exciting retailers and restaurants to choose from.

“Primark has won over millions of shoppers around the world with its global style for fashion and the home, and we’re excited to be part of Primark’s plan to have 60 U.S. stores by 2026,” said F.K. Grunert, Executive Vice President, Leasing, Macerich. “The enthusiasm for this store opening has been palpable for months. We are pleased that our guests can finally see what Primark is all about as they experience the rest of Green Acres Mall.”

Macerich is one of Primark’s largest U.S. landlords, with Primark stores open at Kings Plaza (Brooklyn), Danbury Fair (Connecticut), Fashion District Philadelphia, and Freehold Raceway Mall (New Jersey), and opening soon at Queens Center (Brooklyn) and Tysons Corner Center (McClean, Virginia).

Located in Valley Stream, New York, Green Acres Mall is ideally situated within the Long Island villages and, along with neighboring Green Acres Commons, offers a wide variety of desirable shopping, dining and entertainment brands around, including stores like Macy’s, Target, Walmart, Burlington, H&M, Old Navy, Victoria’s Secret, Pandora, Home Depot, Aldi, Home Goods, Ulta Beauty, 24 Hour Fitness, DICK’S Sporting Goods and BJ’s Wholesale Club, and restaurants such as BJ’s Restaurant & Brewhouse, Olive Garden, Red Lobster and Buffalo Wild Wings.

About Macerich
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers, many of which contain mixed uses. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for eight consecutive years (2015-2022). For more information, please visit www.Macerich.com.

Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.

MAC-L
SOURCE: Macerich

MEDIA CONTACT: Karen Maurer, Macerich, 602-708-6311, Website: http://www.macerich.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b673a6a2-5fd7-403e-9090-99ab9a7e740d

 

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Carl Pei’s Nothing Secures $96 Million Funding Ahead of Nothing Phone (2) Launch https://businessheadline.in/markets/funds-and-etfs/carl-peis-nothing-secures-96-million-funding-ahead-of-nothing-phone-2-launch/ https://businessheadline.in/markets/funds-and-etfs/carl-peis-nothing-secures-96-million-funding-ahead-of-nothing-phone-2-launch/?noamp=mobile#respond Thu, 29 Jun 2023 10:14:59 +0000 https://businessheadline.in/?p=28111 London-based consumer tech company Nothing has raised $96 million in its latest funding round ahead of the launch of its second smartphone, Nothing Phone 2. The round was led by growth-stage tech fund Highland Europe, with participation from existing investors Google Ventures (GV), EQT Ventures, C Capital, and Swedish House Mafia, the house music supergroup. […]

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London-based consumer tech company Nothing has raised $96 million in its latest funding round ahead of the launch of its second smartphone, Nothing Phone 2. The round was led by growth-stage tech fund Highland Europe, with participation from existing investors Google Ventures (GV), EQT Ventures, C Capital, and Swedish House Mafia, the house music supergroup. This latest funding brings Nothing’s total financing to $250 million, which includes $11.5 million from over 8,000 private investors in the community funding round. As part of the deal, Highland Europe partner Tony Zappalà will join Nothing’s board.

Famous Indian backers like Kunal Shah (founder of Cred), Bollywood filmmaker and producer Karan Johar, former Team India cricketer Yuvraj Singh, fashion designer Sabyasachi Mukherjee, digital content creator Ranveer Allahbadia, and singer Jasleen Royal have supported the Chinese-Swedish entrepreneur and co-founder of OnePlus, Carl Pei, who founded Nothing in 2020. The funds raised in this round will be used to expand Nothing’s product and technology portfolio.

On July 11, Nothing Phone (2) will reportedly go on sale. The device will feature the new Nothing OS 2.0 with a redesigned user interface. It will be manufactured in India, specifically for the Indian market.

In a statement, Nothing CEO Carl Pei expressed confidence in meeting the demand for an innovative challenger in the consumer tech industry. He stated, “With this new round of financing, we’ve never been better positioned to realise our vision to make tech fun again.”

Last year, Nothing made its debut in the smartphone market with the release of the Nothing Phone (1). Positioned as an affordable premium device, it offers three variants: 8 GB of RAM with 128 GB of storage, 8 GB of RAM with 256 GB of storage, and 12 GB of RAM with 256 GB of storage.

Nothing will be able to further support its goal of providing consumers with distinctive and enjoyable tech experiences with the additional funding it has secured, taking a significant step towards realising its vision in the fiercely competitive consumer tech market.

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TCM Group A/S: Major shareholder announcement https://businessheadline.in/brand-post/market/tcm-group-a-s-major-shareholder-announcement/ https://businessheadline.in/brand-post/market/tcm-group-a-s-major-shareholder-announcement/?noamp=mobile#respond Thu, 29 Jun 2023 10:14:00 +0000 https://businessheadline.in/brand-post/market/tcm-group-a-s-major-shareholder-announcement/ COMPANY ANNOUNCEMENT No. 174/2023 Tvis, 29 June 2023 Major shareholder announcementReferring to section 30 of the Capital Markets Act, TCM Group A/S (the “Company”), can inform, that Taiga Investment Funds PLC has notified, that their aggregate holding of shares amounts to less than 5% as of 29 June 2023. For further information please contact:Torben Paulin, […]

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COMPANY ANNOUNCEMENT

No. 174/2023

Tvis, 29 June 2023

Major shareholder announcement
Referring to section 30 of the Capital Markets Act, TCM Group A/S (the “Company”), can inform, that Taiga Investment Funds PLC has notified, that their aggregate holding of shares amounts to less than 5% as of 29 June 2023.

For further information please contact:
Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64

About TCM Group

TCM Group is Scandinavia’s third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are designed and produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis Køkken and Nettoline. Combined, the brands cater for the entire price spectrum, and are sold through c. 140 dealers in Denmark and the rest of the Scandinavia. TCM Group sells private label kitchens through DIY stores in Denmark and independent kitchen stores in Norway. TCM Group is supplier to the 45% owned e-commerce kitchen business Celebert, which operates under the brands kitchn.dk, billigskabe.dk, Celebert and Just Wood. See www.tcmgroup.dk for more information.

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IPSOS: Monthly declaration of shares and voting rights – May 2023 https://businessheadline.in/brand-post/market/ipsos-monthly-declaration-of-shares-and-voting-rights-may-2023/ https://businessheadline.in/brand-post/market/ipsos-monthly-declaration-of-shares-and-voting-rights-may-2023/?noamp=mobile#respond Thu, 29 Jun 2023 10:12:00 +0000 https://businessheadline.in/brand-post/market/ipsos-monthly-declaration-of-shares-and-voting-rights-may-2023/ June 29, 2023 MONTHLY DISCLOSURE OF THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS Articles L. 233-8 II of the Commercial Code and 223-16 of the General Regulation of the AMF Date   Shares   Voting rights Theoretical* Exercisable** 31 May 2023 44,253,225 49,733,907 49,142,847 *This number is calculated on the basis of all the […]

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June 29, 2023

MONTHLY DISCLOSURE OF THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS

Articles L. 233-8 II of the Commercial Code and 223-16 of the General Regulation of the AMF

Date

 

Shares

 

Voting rights
Theoretical* Exercisable**
31 May 2023 44,253,225 49,733,907 49,142,847

*This number is calculated on the basis of all the shares to which voting rights are attached, including shares which voting rights have been suspended, in accordance with Article 223-11 of the AMF general regulation related to the calculation of the crossing of thresholds with regard to the number of voting rights.

**For information purposes, this number excludes the shares which voting rights have been suspended.

The information is also available in the « Regulated Information » section of the Ipsos website: https://www.ipsos.com/en/regulated-informations/en.

 

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Konsolidator enters market maker agreement with Pareto Securities AB https://businessheadline.in/brand-post/market/konsolidator-enters-market-maker-agreement-with-pareto-securities-ab/ https://businessheadline.in/brand-post/market/konsolidator-enters-market-maker-agreement-with-pareto-securities-ab/?noamp=mobile#respond Thu, 29 Jun 2023 10:08:00 +0000 https://businessheadline.in/brand-post/market/konsolidator-enters-market-maker-agreement-with-pareto-securities-ab/ Company announcement no. 16-2023 Copenhagen June 29, 2023 Konsolidator enters market maker agreement with Pareto Securities AB Today, Konsolidator has entered a market maker agreement with Pareto Securities AB, where Pareto Securities AB will promote the liquidity in the Konsolidator share. The agreement commences on July 3, 2023 and will remain in force until terminated […]

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Company announcement no. 16-2023

Copenhagen June 29, 2023

Konsolidator enters market maker agreement with Pareto Securities AB

Today, Konsolidator has entered a market maker agreement with Pareto Securities AB, where Pareto Securities AB will promote the liquidity in the Konsolidator share. The agreement commences on July 3, 2023 and will remain in force until terminated by either Konsolidator or Pareto Securities AB.

Besides promoting the liquidity in the share, the agreement with Pareto Securities AB also undertakes to quote bid- and ask- orders in the Konsolidator share with the intention to reduce the spread between the bid and ask prices. The agreement has been concluded with reference to Nasdaq Nordic’s Member rules.

CFO Jack Skov comments, “With a market maker agreement we will improve the shareholder interest by securing a higher liquidity in the share as well as securing a maximum spread between the bid and ask price. High liquidity and low spread will make it easier for shareholders to trade our share which we believe will benefit all shareholders.”

Contacts

Certified Adviser

About Konsolidator
Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

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Microsoft President Brad Smith shows support for AI regulation, highlights how tech giant can contribute https://businessheadline.in/tech-and-gadgets/microsoft-president-brad-smith-shows-support-for-ai-regulation-highlights-how-tech-giant-can-contribute/ https://businessheadline.in/tech-and-gadgets/microsoft-president-brad-smith-shows-support-for-ai-regulation-highlights-how-tech-giant-can-contribute/?noamp=mobile#respond Thu, 29 Jun 2023 10:01:12 +0000 https://businessheadline.in/?p=28099 During a recent event held in Brussels, Microsoft President Brad Smith reaffirmed his support for the regulation of artificial intelligence (AI) and outlined how his company can play a role in shaping the regulatory landscape. Smith’s remarks echoed his previous statements made in Washington, where he, along with Twitter owner and Tesla CEO Elon Musk, […]

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During a recent event held in Brussels, Microsoft President Brad Smith reaffirmed his support for the regulation of artificial intelligence (AI) and outlined how his company can play a role in shaping the regulatory landscape. Smith’s remarks echoed his previous statements made in Washington, where he, along with Twitter owner and Tesla CEO Elon Musk, aimed to engage regulators and lawmakers in discussions about AI regulation. The emergence of OpenAI’s ChatGPT, backed by Microsoft, has sparked significant public interest in AI and further highlighted the necessity for regulation.

Major tech companies are actively providing recommendations on how AI should be governed in an effort to influence the regulatory environment and mitigate any potential negative impacts on their business operations. Notably, the European Union is currently developing the AI Act, a groundbreaking set of rules that could serve as a global benchmark for AI regulation.

Smith expressed Microsoft’s commitment to offering constructive ideas to inform the ongoing work on AI regulation. In a blog post, he stated, “Our intention is to offer constructive contributions to help inform the work ahead.” During the Brussels conference, he reiterated this commitment and emphasised Microsoft’s dedication to shaping AI regulation in a manner that aligns with the EU’s proposed legislation.

Microsoft has developed a comprehensive five-point blueprint for governing AI that closely aligns with the EU’s regulatory framework. The blueprint includes the establishment of government-led AI safety frameworks, the implementation of safety brakes for AI systems responsible for overseeing critical infrastructure, and ensuring academic access to AI. Smith underscored the compatibility of Microsoft’s blueprint with the EU’s proposed regulations, showcasing their shared goals in ensuring responsible and ethical AI development and deployment.

Moreover, Smith stressed the importance of collaboration on AI governance among various nations, including the EU, the United States, G7 countries, India, and Indonesia. He emphasised the need for working together based on shared values and principles to establish a global AI governance framework that is consistent and inclusive. By collaborating internationally, stakeholders can share insights, best practises, and regulatory approaches to create a unified and harmonised AI regulatory landscape.

The regulation of AI is becoming increasingly crucial as the technology advances and becomes more pervasive in various aspects of our lives. AI has the potential to bring about significant benefits, but it also raises ethical and societal concerns that must be addressed through appropriate governance. Ensuring transparency, accountability, and fairness in AI systems is paramount to building trust and fostering the responsible development and deployment of this transformative technology.

By actively engaging in discussions and offering their expertise, major tech companies like Microsoft are playing a pivotal role in shaping AI regulation. Their involvement showcases their recognition of the importance of establishing a regulatory framework that balances innovation and societal well-being. Microsoft’s commitment to contributing constructive ideas and aligning their blueprint with the EU’s proposed legislation demonstrates their dedication to responsible AI development and their willingness to collaborate with policymakers and stakeholders.

In conclusion, Microsoft’s President Brad Smith remains a vocal advocate for the regulation of AI and continues to emphasise the company’s willingness to contribute to ongoing regulatory efforts. Microsoft’s comprehensive five-point blueprint for governing AI aligns with the EU’s proposed legislation, emphasising their shared commitment to responsible and ethical AI development. Smith’s call for international collaboration in AI governance reflects the importance of working together to establish consistent and inclusive regulations based on shared values and principles. Through these collaborative efforts, stakeholders can ensure that AI is developed and deployed in a manner that benefits society while addressing ethical concerns and potential risks.

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Coda Octopus Group Restructures its Board of Directors and Appoints Brigadier General Anthony J. Tata (Ret.) and Robert Harcourt to its Board of Directors https://businessheadline.in/brand-post/nasdaq/coda-octopus-group-restructures-its-board-of-directors-and-appoints-brigadier-general-anthony-j-tata-ret-and-robert-harcourt-to-its-board-of-directors/ https://businessheadline.in/brand-post/nasdaq/coda-octopus-group-restructures-its-board-of-directors-and-appoints-brigadier-general-anthony-j-tata-ret-and-robert-harcourt-to-its-board-of-directors/?noamp=mobile#respond Thu, 29 Jun 2023 10:00:00 +0000 https://businessheadline.in/brand-post/nasdaq/coda-octopus-group-restructures-its-board-of-directors-and-appoints-brigadier-general-anthony-j-tata-ret-and-robert-harcourt-to-its-board-of-directors/ ORLANDO, FL, June 29, 2023 (GLOBE NEWSWIRE) — Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real time information platform diving technology, announced the election by the Board of two new directors to fill vacancies as […]

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ORLANDO, FL, June 29, 2023 (GLOBE NEWSWIRE) — Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real time information platform diving technology, announced the election by the Board of two new directors to fill vacancies as a result of the retirement of two directors. The Company is pleased to announce the appointments of Brigadier General Anthony J. Tata (US Army, Retired) and Robert Harcourt to its Board.

Brigadier General Anthony J. Tata (US Army, Retired) most recently performed the duties of Undersecretary of Defense for Policy, the number 3 position in the United States Department of Defense, where he implemented the National Defense Strategy and worked closely with allies and partners to achieve strategic defense goals globally.

His distinguished military career includes commands in the 82nd Airborne and 101st Airborne Divisions and the 10th Mountain Division, as well as many overseas operations. His military awards include the bronze star, combat action badge, ranger tab, master parachutist badge and the department of defense award for distinguished public service. He is a West Point graduate with a Bachelor of Science and has two master’s degrees in Operational Planning and International Relations. He was also a distinguished national security fellow at Harvard University’s JFK School of Government and is a successful author.

Brigadier General Tata said, “Coda Octopus’ ground breaking and unique technology for real time 3D imaging and visualization underwater coupled with its simultaneous information platform for diving through its Diver Augmented Vision Display (DAVD) system will save lives, provide better, safer infrastructure, and increased capabilities to governments and businesses globally. As the Company now pivots to an ambitious growth strategy around these technologies, I am looking forward to helping Coda Octopus on its journey to becoming an even more significant platform in bringing cutting edge patented technology not only to the commercial world but also to our military and those of our allies.”

Mr. Robert R Harcourt is a retired Audit and Advisory Partner of KPMG with a professional career spanning over 40 years, executing a variety of roles at the partnership level during this time with this leading global organization, both in the USA and Europe. Mr. Harcourt has a wide experience as an audit and advisory professional, practice manager, professional practice leader, and human resource head. He brings to the Board a wide experience in Sarbanes-Oxley. He also worked as an associate director of the Public Company Accounting Oversight Board (PCAOB) for several years. Mr. Harcourt has broad experience with a number of industries, including manufacturing. He completed a BBA in Accountancy from Pace University, is a Certified Public Accountant and has completed course work at Harvard University and Stanford University. He is also a co-author of “Supply Chain Management,” published in The CPA Journal.

Mr. Harcourt echoed Brigadier General Tata, saying, “CODA’s technology is truly impressive, and its management impresses with its vision and determination. The Company is in excellent condition, with world-leading products. I look forward to playing my part in helping management execute its vision and advance the business for its stakeholders.”

Annmarie Gayle, CODA’s Chair and CEO, said, “We are very pleased and humbled to add these exceptional individuals to our Board as we pivot the Company to its next level of performance. We look forward to leveraging their expertise and capabilities for the benefit of our stakeholders. At this pivotal and transformational time in the Company, where we are diverting our focus from our R&D to business development and global brand building, we believe that this Board composition brings us additional, targeted expertise to help management execute on its strategy for the Company.”

The vacancies were the result of the retirement from the Board of Ms. Mary Losty and Captain Charlie Plumb (Ret) with immediate effect. Ms. Gayle stated: “On behalf of the Company and the Board of Directors, I would like to thank both Ms. Losty and Captain Plumb for their service and significant contributions to the Company during their tenure on the Board. We wish each of them the best in their future endeavors.”

About Coda Octopus Group, Inc.

The Company, founded in 1994, innovates, develops, manufactures and markets subsea products (hardware and software) and solutions including its flagship real-time 3D, 4D, 5D and 6D underwater imaging sonar technology, marketed under the name “Echoscope®” and Echoscope PIPE® and its recently launched Diver Augmented Vision Display system (“CodaOctopus® DAVD”). This sonar technology generates real-time 3D, 4D, 5D and 6D imaging data for inspection and mapping underwater and is used globally for numerous applications including the commercial and defense underwater market. Applications for the Echoscope® technology include complex mapping underwater, subsea intervention, subsea asset placements, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, breakwater construction and monitoring, decommissioning, diving applications and port and harbor security. The recently launched new generation of diving technology, DAVD, is expected to change the way global diving operations are performed (both in the Defense and Commercial space) because it provides real time digital information for use and consumption by both the divers and the dive supervisor top-side team. It is also expected to transform the way communications are made in diving from analog audio to digital audio and to 2D and 3D visual imagery, both in textual and video format. In addition to the Marine Products business, Coda Octopus Products Ltd., CODA’s two defense engineering services businesses are operated through Coda Octopus Colmek and Coda Octopus Martech. For further information, please visit http://www.codaoctopusgroup.com or contact us at coda@codaoctopusgroup.com.

Forward Looking Statement

This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward‐looking statements. Those forward-looking statements include, without limitation, statements regarding the Company’s expectations for the growth of the Company’s operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, restrictions on our business operations due to the Pandemic, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and other examples of forward looking statement set forth in our Annual Report on Form 10-K for the year ended October 31, 2022, filed with the Securities and Exchange Commission on January 30, 2023. Coda Octopus Group, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Contact:

Cody Slach or Jackie Keshner
Gateway Group, Inc.
(949) 574-3860
CODA@Gateway-grp.com

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Eagle Bancorp, Inc. Announces Cash Dividend https://businessheadline.in/brand-post/nasdaq/eagle-bancorp-inc-announces-cash-dividend/ https://businessheadline.in/brand-post/nasdaq/eagle-bancorp-inc-announces-cash-dividend/?noamp=mobile#respond Thu, 29 Jun 2023 10:00:00 +0000 https://businessheadline.in/brand-post/nasdaq/eagle-bancorp-inc-announces-cash-dividend/ BETHESDA, Md., June 29, 2023 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2023, in the amount of $0.45 per share. The cash dividend will be payable on July 28, 2023 to shareholders of record on July 20, […]

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BETHESDA, Md., June 29, 2023 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2023, in the amount of $0.45 per share. The cash dividend will be payable on July 28, 2023 to shareholders of record on July 20, 2023.

About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through thirteen branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace.

Caution About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions, including the volatility and uncertainty in global markets and economies. Because of these uncertainties and the assumptions on which the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 and other filings with the SEC. Except as required by law, the Company does not undertake to update forward-looking statements contained in this release.

EagleBank Contact
Dave Danielson
240.552.9534

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