Banco Itaú Chile Files Material Event Notice announcing the Placement of Bonds in the local market

SANTIAGO, Chile, June 06, 2023 (GLOBE NEWSWIRE) — BANCOITAÚ CHILE (NYSE: ITCL; SSE: ITAUCL) announced that it filed today a Material Event Notice with the Chilean Commission for the Financial Market reporting that on this date, the settlement and placement of Banco Itaú Chile dematerialized and bearer bonds in the local market, charged to the Line of Bonds registered in the Securities Registry of the CMF, under No. N° 3/2022.

The specific conditions of placement were as follows:

– Series “DQ”, Código BITADQ0222, for a total amount of UF 450,000 (Unidades de Fomento) collecting the sum of CLP $ 15,326,842,300 with a maturity date of August 9, 2035, at an average placement rate of 2.83%.

The full Material Event Notice is available on the company’s investor relations website at ir.itau.cl.

Investor Relations – Itaú Chile

+56 (2) 2660-1701 / [email protected] / ir.itau.cl



Glass Lewis Joins ISS in Recommending WisdomTree Stockholders Vote for Boardroom Change

Glass Lewis Validates Several of ETFS Capital’s Critiques – Finds WisdomTree’s Underperformance Difficult to Overlook and Reasons for Board Change Justified

Glass Lewis and ISS Agreed with ETFS Capital that WisdomTree Failed to Improve Operating Margins Despite Record AUM

ETFS Capital Urges WisdomTree Stockholders to Vote


FOR


All Three ETFS Capital Nominees on the


GOLD


Proxy Card Today

NEW YORK, June 06, 2023 (GLOBE NEWSWIRE) — ETFS Capital Limited (“ETFS Capital”), the largest combined owner of common stock, $0.01 par value (the “Common Stock”), and Series A Non-Voting Convertible Preferred Stock (the “Series A Preferred Stock”) of WisdomTree, Inc. (“WisdomTree” or the “Company”) (NYSE: WT), with ownership of approximately 10.2% of the outstanding Common Stock, which together with its Series A Preferred Stock would represent approximately 18.3% of the Company’s outstanding Common Stock on an as-converted basis, today announced that a second leading independent proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) recommended that WisdomTree stockholders vote for change in the boardroom.

In its report, Glass Lewis recommended stockholders vote FOR ETFS Capital nominee Tonia Pankopf to WisdomTree’s board of directors (the “Board”) and WITHHOLD from Chairman Frank Salerno, in connection with the Company’s Annual Meeting of Stockholders to be held on June 16, 2023. Glass Lewis’ report follows Institutional Shareholder Services Inc.’s (“ISS”) report issued earlier today that also recommended WisdomTree stockholders vote for boardroom change. ETFS Capital encourages you to vote FOR all three ETFS Capital nominees on the GOLD proxy card today.

Graham Tuckwell, Executive Chairman of ETFS Capital, commented, “We are pleased that a second independent proxy advisor has joined ISS in recognizing the significant underperformance at WisdomTree and the need for change on its long-tenured and entrenched Board. Despite WisdomTree’s campaign of mischaracterizations and distraction tactics, the Board cannot escape the facts about its failure to drive value for stockholders. At the heart of WisdomTree’s problems is a governance structure that is unwilling or unable to hold management to account.”

“If elected, I and the other ETFS Capital nominees, Bruce E. Aust and Tonia Pankopf, will contribute much needed independence, expertise, and relevant backgrounds and experience to the Board, and will add the missing voice of stockholders in the boardroom and be accountable to you, the true owners of the business,” continued Mr. Tuckwell.

In its report recommending WisdomTree stockholders vote for change on WisdomTree’s Board, Glass Lewis*:

Validated several of ETFS Capital’s key criticisms of the Company’s underperformance and ETFS Capital’s arguments for board change:

“Wisdom Tree’s shareholder returns prior to ETFS Capital’s initial 13D filing and the effective launch of its campaign substantially underperformed both peer groups and the industry index across all periods presented. In particular, for the unaffected three- and five-year and the post-ETFS Acquisition periods, WisdomTree’s TSR underperformed the traditional asset manager peer group by roughly 100 percentage points. During the unaffected 10-year period, the Company’s underperformance was nearly double that, or 200 percentage points. Such substantial long-term underperformance prior to the Dissident’s involvement arguably establishes a sufficient case for change on its own…”

“…it is difficult to overlook the Company’s long-term TSR underperformance, historical and recent reliance on a handful of products that have generated outsized inflows, and an apparent lack of cost control and capital allocation discipline which, in our view, has hindered increased profitability and shareholder returns.”

Joined ISS in recommending that WisdomTree stockholders withhold their votes from Chairman Salerno and recommend voting FOR ETFS Capital nominee Tonia Pankopf:


Glass Lewis

: “Based on his lengthy 18-year board tenure and current positions as chair of the board and compensation committee, in light of the Company’s poor long term TSR track record and certain governance concerns, as discussed elsewhere in this report, we believe shareholders are justified in opposing the re-election of Mr. Salerno.”


ISS

: “While recognizing that targeting the chairman may be viewed as a strong message, Salerno has nevertheless been on the board for 18 years, and the company’s TSR has underperformed that of its peers and the index during his chairmanship.”


Glass Lewis

: “In his place we believe the expertise and experience of dissident nominee Ms. Pankopf is best suited for the Company’s needs and strategic direction at this time. We expect her investment experience, public company board experience, capital markets and corporate finance expertise, particularly in the areas of cost and capital allocation discipline, as well as her independent oversight, would be additive to the current composition of the board, enhanced operational and capital allocation discipline, and help to ensure more favorable outcomes for all shareholders.”

Echoed ISS’ observation in noting WisdomTree’s failure to improve operating margins despite record AUM:

Glass Lewis: “…we tend to agree with one of the Dissident’s central points that long-term underperformance is due, in part, to WisdomTree’s inability to consistently achieve operating leverage by translating AUM growth and inflows into greater revenue growth and profitability. In our view, this aspect of the Company’s performance track record is particularly difficult to overlook when long-tenured directors and executives remain in key leadership and oversight roles.”

ISS: “The gross margin and the operating margin have declined in the five-year period through 2022 … primarily driven by significant growth in compensation and benefits expense during this period, as well as more recently, digital spend. The declines in margin appear to contradict the company’s past promises of margin expansion driven by SG&A leverage and raise some questions about management credibility as it relates to expense control.”

Appeared to share ISS’ concerns that the WisdomTree’s long-tenured Board would not, or could not, hold management accountable:


Glass Lewis

: “…from a governance perspective, we share certain of the Dissident’s concerns regarding a lack of board refreshment at the committee chair level, the potential inability of long-tenured directors to hold management accountable if necessary, an apparent loss of focus around operational execution, and what appears to be a suboptimal incentive structure.”


ISS

: “…the board’s decision to not re-nominate Fuhr at the 2023 AGM, suggest that the balance of power on the refreshed board is skewed toward the longer-tenured members, who have worked alongside founder Steinberg for 10-18 years. The recent change to Steinberg’s employment agreement that incorporates an expanded change of control definition suggests his ongoing significant influence on the board.”

*Permission to use quotations from the Glass Lewis and ISS reports was neither sought nor obtained. 

A copy of ETFS Capital’s letter to stockholders, definitive proxy statement, investor presentation, and information on how to vote for ETFS Capital’s three director candidates on the GOLD proxy card or GOLD voting instruction form, are available at www.WiseUpWT.com

Stockholders who have questions, require assistance in voting their GOLD universal proxy card, or need additional copies of ETFS Capital’s proxy materials, are encouraged to contact Okapi Partners at (877) 629-6356 or [email protected].

About ETFS Capital Limited

ETFS Capital is a London-based strategic investment company focused on growth opportunities across the ETF ecosystem. As part of its investment process, ETFS Capital receives and analyses many dozens of business ideas and proposals within the ETF ecosphere each year and conducts in-depth technical and commercial due diligence on the companies where it chooses to deploy capital. Thereafter it engages in a hands-on approach, as a partner to management teams and Boards bringing its unparalleled industry-specific expertise for the benefit of those companies.

Investor Contact:

ETFS Capital:

Martyn James
+44 (0) 207-509-0674

or

+1 347 566 8291
[email protected]

Okapi Partners:

Bruce Goldfarb / Chuck Garske
(212) 297-0720 or (877) 629-6356
[email protected]

Media Contact:

Dan Gagnier / Riyaz Lalani
+1-646-569-5897
[email protected] 



NOVONIX and LG Energy Solution Enter into a JDA for Artificial Graphite Anode Material and a US$30 Million Investment Agreement

  • NOVONIX and LGES to jointly work toward developing artificial graphite anode material for lithium-ion batteries pursuant to a Joint Research and Development Agreement (“JDA”)
  • NOVONIX to issue US$30 million worth of unsecured convertible notes to LGES under a separate Unsecured Convertible Note Agreement (“Investment Agreement”)
  • The JDA is intended to lead to the option for LGES to purchase up to 50,000 tons of the anode material from NOVONIX’s United States-based facility over a 10-year period from the start of mass production

BRISBANE, Australia, June 07, 2023 (GLOBE NEWSWIRE) — NOVONIX Limited (NOVONIX; NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, and LG Energy Solution (LGES; KRX: 373220), a global battery manufacturer, today announced they signed an agreement for the joint research and development of artificial graphite anode material for lithium-ion batteries. Also, in a separate agreement, NOVONIX has agreed to issue an aggregate principal amount of US$30 million unsecured convertible notes to LGES.

Upon successful completion of certain development work under the JDA, LGES and NOVONIX will enter into a separate purchase agreement pursuant to which LGES will have the option to purchase up to 50,000 tons of artificial graphite anode material over a 10-year period from the start of mass production.

As a leading global battery manufacturer with two stand-alone and five joint venture plants currently operating or being constructed in the U.S., LGES plans to maximize the benefits from the Inflation Reduction Act (IRA) by expanding local battery production, as well as establishing a local supply chain for battery components. In order to solidify its market leadership in North America, LGES further aims to expedite the localization of manufacturing and assembly of battery components, including electrodes, cells, and modules.

NOVONIX aims to provide a robust, sustainable supply chain option for high performance artificial graphite in North America, a vision which LGES supports to diversify its suppliers as it expands battery cell production. NOVONIX, with current operating sites in Chattanooga, TN, will produce IRA-compliant materials for its customers in the United States. The company was selected for a US$150 million grant by the Department of Energy to support its expansion, which demonstrates the government’s commitment to the battery supply chain sector.

Since December 2022, LGES and NOVONIX have been in informal discussions towards this financing and joint development of artificial graphite anode material that meets LGES’s specifications. The material will be developed at NOVONIX’s current Tennessee-based facilities. Then mass production is expected to start in 2026 from NOVONIX’s proposed United States-based greenfield facility.

NOVONIX’s proposed greenfield facility targets an initial 30,000 tons per annum of production capacity of active anode material. NOVONIX has applied for a loan with the U.S. Department of Energy’s Loan Program Office under the Advanced Technology Vehicles Manufacturing Loan Program to aid in the financing of the facility. NOVONIX continues to pursue and hold discussions with additional original equipment manufacturers and cell manufacturers for the purchase of anode materials from its greenfield facility.

“Our partnership with NOVONIX once again demonstrates LG Energy Solution’s determination to establish a solid battery supply chain in the U.S., complementing our local manufacturing network to meet our customers’ needs for lRA-compliant batteries,” said Dongsoo Kim, Senior Vice President of Procurement Center at LG Energy Solution. “As we work with NOVONIX in developing a new source of artificial graphite anode material, we will stay committed to strengthening our product competitiveness and operation excellence, delivering the world-best quality products both in scale and with speed.”

Chris Burns, CEO of NOVONIX, said, “We are excited to formalize our work with LG Energy Solution and establish the path for NOVONIX to become a supplier for LGES of artificial graphite anode material in the United States. This agreement demonstrates our leading position to establish a supply chain for high-performance artificial graphite for the battery industry in North America.”

Key JDA Terms 

  • The purpose of the JDA is for the parties to jointly undertake the development of active anode material that meets certain product quality specifications, and the JDA shall be for a term through June 2025. The material for testing will be supplied from NOVONIX’s pilot plant in 2023 and its mass production facilities in 2024 and 2025.
  • Any jointly developed and owned intellectual property will be cross-licensed by LGES and NOVONIX and its subsidiaries. Upon successful development of materials, NOVONIX and LGES will enter into a purchase agreement giving LGES the option to purchase up to 50,000 tons of artificial graphite over 10 years, and if any volume increases are requested by LGES, NOVONIX shall use its best efforts to meet the increased volume. The parties have agreed to a pricing framework under which the final product price will be mutually agreed upon as part of the purchase agreement.
  • The supply by NOVONIX to LGES of the products developed under the JDA would initially be subject to a six-year exclusivity period followed by a preferential period of four years (during which any supply to a third party would be subject to a minimum floor price tied to the price offered to LGES).

Key Investment Agreement Terms

  • NOVONIX has agreed to issue US$30 million worth of unsecured convertible notes to LGES with a four percent coupon and a maturity date of June 7, 2028.
  • The convertible notes will mandatorily convert into ordinary shares upon acceptance of the first purchase order under the purchase agreement, although LGES may elect to convert some or all of the notes prior to such time. No interest would be payable on the notes in these circumstances.
  • The convertible notes may be redeemed or converted (at the election of LGES) on the maturity date, in which case interest is payable in cash (in respect of a redemption) or “in-kind” (in the case of conversion). The convertible notes will be issued with a conversion price of AUD$1.60 per ordinary share.
  • NOVONIX plans to utilize the proceeds for continued development of anode materials, operational needs and general corporate purposes.

This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret. 

About NOVONIX 

NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment in Canada and is growing its high-performance synthetic graphite anode material manufacturing operations in the United States. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future. To learn more, visit us at www.novonixgroup.com or on LinkedIn, and Twitter

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

Media Contacts:


NOVONIX Limited


Scott Espenshade, [email protected] (investors) 
Lori Mcleod, [email protected] (media)   


LG Energy Solution

Sally Seung Yeon Lee

Media Relations Team
[email protected] / +82 2 3773 6571

Sophia Sojeong Kim

Media Relations Team
[email protected] / +82 2 3773 4496

Forward-Looking Statements

This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding our joint research and development agreement with LG Energy Solution, including the qualifications of the anode material, future supply commitments or the development of NOVONIX’s proposed new facility for the production of anode materials for EV batteries and the anticipated performance and benefits. We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, our ability to achieve the objectives and financial benefits of the joint research and development agreement and potential purchase agreement, the accuracy of our estimates regarding expenses, future revenue, capital requirements and needs for additional financing, and regulatory developments in the United States, Australia and other jurisdictions. Detailed information regarding these and other factors that could affect our business and results is included in our filings, including the Company’s most recent transition and annual reports on Form 20-F, particularly the “Operating and Financial Review and Prospects” and “Risk Factors” sections of those reports. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.

Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.



International Seaways Announces Preliminary Results of 2023 Annual Meeting of Stockholders

International Seaways Announces Preliminary Results of 2023 Annual Meeting of Stockholders

NEW YORK–(BUSINESS WIRE)–
International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that based on the preliminary voting results provided by its proxy solicitor following the Company’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”), INSW stockholders have voted to re-elect all ten of the Company’s nominees: Douglas D. Wheat, Timothy J. Bernlohr, Ian T. Blackley, Alexandra K. Blankenship, Randee E. Day, David I. Greenberg, Joseph I. Kronsberg, Nadim Z. Qureshi, Craig H. Stevenson, Jr., and Lois K. Zabrocky.

At the Annual Meeting, stockholders also ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2023; approved the compensation of the Named Executive Officers for 2023 as described in the Company’s Proxy Statement; approved the frequency of future advisory votes on Named Executive Officer for every year and ratified the Company’s Amended and Restated Shareholder Rights Agreement.

“On behalf of International Seaways’ Board, I would like to thank our stockholders for their participation and feedback throughout this process,” said Douglas Wheat, Chairman of the Board. “Today’s results demonstrate our stockholders’ strong support for our highly qualified, diversified Board and the strategy we are executing to drive long-term value creation. We will continue to take decisive action to build on our track record to enhance stockholder value.”

The Company will file final voting results with the U.S. Securities and Exchange Commission on a Form 8-K within four days after the Annual Meeting.

ABOUT INTERNATIONAL SEAWAYS, INC.

International Seaways, Inc. (NYSE: INSW) is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets. International Seaways owns and operates a fleet of 76 vessels, including 13 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, eight LR1s and 37 MR tankers. International Seaways has an experienced team committed to the very best operating practices and the highest levels of customer service and operational efficiency. International Seaways is headquartered in New York City, NY. Additional information is available at https://www.intlseas.com.

Forward-Looking Statements

This release contains forward-looking statements. In addition, the Company may make or approve certain statements in future filings with the U.S. Securities and Exchange Commission (SEC), in press releases, or in oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements may relate plans to issue dividends, the Company’s prospects, including statements regarding vessel acquisitions, expected synergies, trends in the tanker markets, and possibilities of strategic alliances and investments. Forward-looking statements are based on the Company’s current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in the Annual Report on Form 10-K for 2022 for the Company, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, and in similar sections of other filings made by the Company with the SEC from time to time. The Company assumes no obligation to update or revise any forward-looking statements. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports previously or hereafter filed by the Company with the SEC.

Investor Relations & Media:

Tom Trovato, International Seaways, Inc.

(212) 578-1602

[email protected]

Matt Sherman / Aaron Palash / Haley Salas

Joele Frank, Wilkinson Brimmer Katcher

(212) 355-4449

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Maritime Energy Transport Oil/Gas

MEDIA:

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LGI Homes Opens New Community in Fort Myers Market

LABELLE, Fla., June 06, 2023 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) announced further expansion into the Fort Myers area with the opening of Liberty Shores, located in LaBelle.

Liberty Shores by LGI Homes offers a special opportunity for homebuyers looking for an affordable home in a growing location. At Liberty Shores, buyers have a selection of six floor plans to choose from, ranging in size from 1,270 square feet to just over 2,200 square feet, with up to five bedrooms and three bathrooms. These spacious, one-story homes feature open layouts with modern kitchens, large family rooms and attached garages. Each of the newly constructed homes is move-in ready and built with designer upgrades included as part of LGI’s CompleteHome™ and CompleteHome Plus™ packages, both of which are offered on new homes built within this outstanding community. These highly sought-after upgrades include chef-ready kitchens equipped with a full suite of stainless-steel kitchen appliances by Whirlpool®, a programmable thermostat, recessed ENERGY STAR LED lighting and Low-E double-pane windows.

At Liberty Shores, homeowners enjoy being shoreside to the Caloosahatchee River. With easy access to FL-78, commuters are quick to get to and from Fort Myers for business or additional entertainment opportunities.

New homes at Liberty Shores start in the mid-$300s. For additional information or to schedule a tour, interested homebuyers are encouraged to call (866) 921-7791 ext 208 or visit LGIHomes.com/LibertyShores.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 35 markets in 20 states. As one of America’s fastest growing companies, LGI Homes has closed over 64,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of America’s Most Trustworthy Companies for the second consecutive year. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2023 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.

MEDIA CONTACT:

Rachel Eaton
(281) 362-8998 ext. 2560

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7682264-d883-4d78-b5d7-e1ba6f6d54fd



Brunswick Corporation Named one of the Best Companies to Work For in 2023 by U.S. News & World Report

METTAWA, Ill., June 06, 2023 (GLOBE NEWSWIRE) — Brunswick Corporation (NYSE: BC), the world’s largest marine technology company, has been named one of the Best Companies to Work For in 2023-2024 by U.S. News & World Report. Additionally, the magazine published its Best Companies for Work-Life Balance and Best Companies for Quality of Pay, with Brunswick finishing in the Top 10 of all companies on both of those lists.

Of the thousands of publicly traded companies that were surveyed for this inaugural award, only 200 are recognized across six factors of employee wellbeing including quality of pay and benefits, work/life balance, job and company stability, physical and psychological safety, career development, and belongingness.

“We are honored to be named one of the Best Companies to Work For in 2023-2024 and recognized for our dedication to Work-Life Balance and the quality of the career opportunities we provide for our 19,000 global employees,” said Dave Foulkes, Brunswick Corporation CEO.

“The U.S. News Best Companies to Work For is a recognition that allows readers to determine what they prioritize in a workplace and evaluate companies that might align with those priorities,” said U.S. News Senior Editor, Consumer Advice, Antonio Barbera. “The 2023-2024 list includes companies that score highest on a variety of metrics that contribute to a positive work environment and day-to-day employee experience.”

Brunswick is regularly recognized as an employer of choice and was recently named as one of Newsweek’s Most Trustworthy Companies, and ranked in the top 10 percent on the Forbes America’s Best Large Employers List.

To create the list of Best Companies to Work For in 2023, U.S. News & World Report analyzed employee perceptions of 1,000 companies across six factors that are important to wellbeing, including quality of pay and benefits, work/life balance and flexibility, job and company stability, physical and psychological comfort (safety), career opportunities and professional development, and belongingness and esteem. Based on the compilation of these ratings, the editorial team narrowed down the list to the top 200 Best Companies to Work For in 2023-2024.

About Brunswick

Brunswick Corporation (NYSE: BC) is the global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond.  Our unique, technology-driven solutions are informed and inspired by deep consumer insights and powered by our belief that “Next Never Rests™”. Brunswick is dedicated to industry leadership, to being the best and most trusted partner to our many customers, and to building synergies and ecosystems that enable us to challenge convention and define the future. Brunswick is home to more than 60 industry-leading brands. In the category of Marine Propulsion, these brands include, Mercury Marine, Mercury Racing and MerCruiser. Brunswick’s comprehensive collection of parts, accessories, distribution, and technology brands includes Mercury Engine Parts & Accessories, BLA and Land ‘N’ Sea. Our Navico Group and its industry-leading technology brands consist of Lowrance, Simrad, B&G, Mastervolt, RELiON, Attwood and Whale. Our Boat brands are some of the best known in the world, including Boston Whaler, Lund, Sea Ray, Bayliner, Harris Pontoons, Princecraft and Quicksilver. In addition, our service, digital and shared-access businesses include Freedom Boat Club, Boateka and a range of financing, insurance, and extended warranty businesses. While focused primarily on the marine industry, Brunswick also successfully leverages its portfolio of advanced technologies to deliver an exceptional suite of solutions in mobile and industrial applications.  Headquartered in Mettawa, IL, Brunswick has approximately 19,000 employees operating in 27 countries. In 2022, Brunswick was named by Forbes as a World’s Best Employer and as one of America’s Most Responsible Companies by Newsweek, both for the third consecutive year. For more information, visit www.Brunswick.com.



Lee
Gordon —
Vice President – Corporate Communications, Public Relations & Public Affairs
M: (904) 860-8848 | O: (847) 735-4003

Lost Money in Tingo Group, Inc.?

Lost Money in Tingo Group, Inc.?

Gibbs Law Group Investigates Potential Securities Law Violations

OAKLAND, Calif.–(BUSINESS WIRE)–
Shares of Tingo Group, Inc. dropped over 56% on June 6, 2023, after a Hindenburg report alleged the company has “completely fabricated financials” and has lied about numerous business partnerships and products. Gibbs Law Group is investigating a potential Tingo Group, Inc. Securities Class Action Lawsuit on behalf of shareholders who lost money in Tingo Group (NASDAQ: TIO).

To speak with an attorney regarding this class action lawsuit investigation, click hereor call (888) 410-2925.

On June 6, 2023, shares of Tingo Group, a global Fintech and Agri-Fintech group, dropped over 56% after Hindenburg Research published a scathing report alleging the company is an “exceptionally obvious scam.” Hindenburg claims that Tingo Group’s cash flow and balance sheet statements “do not reconcile and show major errors indicating a complete lack of financial controls, [including that] its cash flow statements regularly subtract items from cash that should be added and vice versa. The financial reporting errors “also seem to apply to Tingo’s audited annual financial statements, which were recently given an unqualified audit opinion by Deloitte Israel,” as alleged by Hindenburg. The report also raised questions about the company’s founder and CEO, who allegedly made misleading claims about his personal past and Tingo’s business accomplishments.

Following this news, Tingo’s stock price dropped 56% on June 6, 2023, causing significant harm to investors.

What Should Tingo Group Investors Do?

If you invested in Tingo Group, visit our website or contact our securities team directly at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Tingo Group, Inc. has violated federal securities laws by providing false or misleading statements to investors.

About Gibbs Law Group

Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

CONTACT: EILEEN EPSTEIN

PHONE: 510.350.9728

EMAIL: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

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STRIDE Fitness Tustin to Hold Global Running Day Celebration featuring Health Experts, Competitions, and Prize Giveaways

Unleash your inner runner with a day filled with high-intensity workouts, expert tips, and an exciting challenge that could lead to prizes and much more!

TUSTIN, Calif., June 06, 2023 (GLOBE NEWSWIRE) — STRIDE Fitness Tustin, a premium boutique fitness studio and member of the Xponential Fitness (NYSE: XPOF) family of brands, is hosting a Global Running Day Celebration event on Wednesday, June 7th from 5 AM – 8:00 PM at 2745 El Camino Real, Tustin, CA 92782.

Global Running Day is an international holiday to recognize one of the world’s most popular forms of exercise and its incredible benefits. STRIDE Fitness Tustin will be hosting a day filled with exciting activities aimed at promoting health and fitness, both physically and mentally.

Participants can enjoy diverse workouts, informative workshops on healthy eating, and mindfulness sessions. The event aims to inspire a healthier lifestyle, foster a supportive community, and contribute to a healthier world.  

Participants will automatically be entered into a contest to win a free Hypervolt Premium Massage Gun. In addition, Dr. Patrick Magno will be on-site to provide expert health advice on conditioning and injury prevention. Classes will be held at 6:00 AM, 7:15 AM, 8:45 AM, 4:00 PM, 5:30 PM, and 7:00 PM

“We are excited to celebrate Global Running Day at STRIDE Fitness Tustin. Running and strength training are excellent ways to improve your overall physical and mental health, while building a supportive community together. This will be an eventful day full of education, fitness and fun.”
– Jeff Corless, Owner, STRIDE Fitness Tustin.

STRIDE Fitness is the ultimate blend of cardio, strength, and core exercises, providing a total body workout that’s anything but ordinary. Led by their passionate Certified Coaches, each class offers dynamic HIIT workouts with State-of-the-art equipment. Regardless of your fitness level, STRIDE Fitness offer a welcoming environment where anyone can achieve their goals and enjoy every step of the journey.

ALL newcomers can claim their first STRIDE Fitness class for FREE by visiting this link: https://www.clubready.com/JoinUs/9602/578137

Contact: Tim Lineberger (714) 676-4317 or [email protected]



Maine Public Utilities Commission Unanimously Approve Central Maine Power Multi-year Rate Plan

Maine Public Utilities Commission Unanimously Approve Central Maine Power Multi-year Rate Plan

ORANGE, Conn.–(BUSINESS WIRE)–
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that the Maine Public Utilities Commission approved Central Maine Power’s multi-year rate plan. Key highlights of the rate plan can be found on the Regulatory page in the Investors section of the Avangrid website.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

Analyst:

Alvaro Ortega, [email protected], 207-629-7412

KEYWORDS: United States North America Maine Connecticut

INDUSTRY KEYWORDS: Alternative Energy Energy Environment Sustainability Utilities

MEDIA:

Algoma Steel to Announce Fiscal 2023 Fourth Quarter and Full Year Results June 21, 2023

SAULT STE. MARIE, Ontario, June 06, 2023 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 fourth quarter and full year financial results after the market closes on Wednesday, June 21, 2023. A webcast and conference call will be held on Thursday, June 22, 2023, at 11:00 a.m. Eastern Time to review the Company’s results, discuss recent events, and conduct a question-and-answer session.

The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company’s website at www.algoma.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally by dialing 877-425-9470 or 201-389-0878, respectively. Upon dialing in, please request to join the Algoma Steel Fiscal Fourth Quarter Conference Call. To access the replay of the call, dial 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13738985.

About Algoma Steel

Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art Direct Strip Production Complex (“DSPC”) is one of the lowest-cost producers of hot rolled sheet steel (HRC) in North America.

Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship to significantly lower carbon emissions. Today Algoma is investing in its people and processes, working safely, as a team to become one of North America’s leading producers of green steel.

As a founding industry in their community, Algoma is drawing on the best of its rich steelmaking tradition to deliver greater value, offering North America the comfort of a secure steel supply and a sustainable future as your partner in steel.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains “forward-looking information” under applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”), including statements regarding Algoma’s strategic objectives, completion of Algoma’s EAF project, and the anticipated impact of Algoma’s EAF project and its plate mill modernization project and Algoma’s future financial performance. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “design,” “pipeline,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. Readers should also consider the other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Algoma’s Annual Report on Form 20-F, filed by Algoma with the Ontario Securities Commission (the “OSC”) (available under the company’s SEDAR profile at www.sedar.com) and with the SEC (available at www.sec.gov), as well as in Algoma’s current reports with the OSC and SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Algoma assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

For more information, please contact:

Mike Moraca
Treasurer and Investor Relations Officer
Algoma Steel Inc.
Phone: 705.945.3300
E-mail: [email protected]