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INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG

INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG

SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that the Yatsen class action lawsuit seeks to represent purchasers of Yatsen Holding Limited (NYSE: YSG): (a) American Depository Shares (“ADSs”) between November 19, 2020 and March 10, 2022, inclusive (the “Class Period”) and who were damaged thereby; and/or (b) ADSs pursuant or traceable to Yatsen’s Registration Statement on Form F-1 and related prospectus on Form 424B4 (collectively, the “Offering Documents”) issued in connection with Yatsen’s November 2020 initial public offering (the “IPO”). Captioned Maeshiro v. Yatsen Holding Limited, No. 22-cv-08165 (S.D.N.Y.), the Yatsen class action lawsuit charges Yatsen, certain of its top executive officers and directors, the IPO’s underwriter, and others with violations of the Securities Act of 1933 and/or Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Yatsen class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-yatsen-holding-limited-class-action-lawsuit-ysg.html

You can also contact attorney J.C. Sanchezof Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. Lead plaintiff motions for the Yatsen class action lawsuit must be filed with the court no later than November 22, 2022.

CASE ALLEGATIONS: Yatsen is a China-based holding company engaged in the production and sale of cosmetics and skincare products. On November 19, 2020, Yatsen filed the final prospectus for Yatsen’s IPO, making available approximately 58.75 million ADSs to the investing public at $10.50 per ADS.

The Yatsen class action lawsuit alleges that defendants misled investors into believing that Yatsen’s two largest and historically most significant brands, Perfect Diary and Little Ondine, were thriving, thereby driving Yatsen’s “healthy” top-line growth at the time of its IPO and quarter after quarter thereafter. In truth, however, cosmetic and skincare sales of Perfect Diary and Little Ondine products were declining in the period leading up to (and including at the time of) the IPO, and continued to decline throughout 2021.

On August 26, 2021, during the second quarter of 2021 analyst call, Yatsen’s Chairman, Founder, and CEO, defendant Jinfeng Huang, admitted that Yatsen’s Perfect Diary business was (and had been) deteriorating, requiring Yatsen to “refocus and also to devote more resources to continue the growth trend of [Yatsen’s] main brands.” According to Huang, Yatsen had “move[d] too fast to reallocate [Yatsen’s] talent into the skincare BU.” On August 26, 2021, the price of Yatsen ADSs declined more than 17%.

Then, on or about November 18, 2021, defendants acknowledged witnessing a “soft industry environment for color cosmetics.” On this news, the price of Yatsen ADSs fell an additional 17.9%.

Finally, on March 10, 2022, Yatsen released its fourth quarter and full year financial results for the period ended December 31, 2021, revealing that its disappointing financial results were not solely due to issues with Little Ondine but, rather, Perfect Diary as well. In commenting on the “challenging quarter,” Huang blamed “soft consumer demand and intense competition in the color cosmetics segment” for why total net revenues for the fourth quarter decreased 22.1% and gross sales for the fourth quarter decreased 17.2%. Huang later conceded that Yatsen’s disappointing results were the result of a deceleration in sales of its leading brands. On this news, the price of Yatsen ADSs fell another 39.5%, further damaging investors.

By the commencement of the Yatsen class action lawsuit, the price of Yatsen ADSs had fallen by more than 96% from the $10.50 IPO price.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Yatsen ADSs during the Class Period and who were damaged thereby and/or purchased Yatsen ADSs pursuant or traceable to the Offering Documents issued in connection with the IPO to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Yatsen class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Yatsen class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Yatsen class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Attorney advertising.

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Robbins Geller Rudman & Dowd LLP

655 W. Broadway, Suite 1900, San Diego, CA 92101

J.C. Sanchez, 800-449-4900

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

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PG&E and EQT Set to Join S&P 500; ExlService to Join S&P MidCap 400; Others to Join S&P SmallCap 600

PR Newswire


NEW YORK
, Sept. 23, 2022 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:

  • PG&E Corp. (NYSE: PCG) will replace Citrix Systems Inc. (NASD: CTXS) in the S&P 500 effective prior to the opening of trading on Monday, October 3. Vista Equity Partners is acquiring Citrix Systems in a transaction expected to be completed September 30, pending final conditions.
  • S&P MidCap 400 constituent EQT Corp. (NYSE: EQT) will replace Duke Realty Corp. (NYSE: DRE) in the S&P 500, S&P SmallCap 600 constituent ExlService Holdings Inc. (NASD: EXLS) will replace EQT in the S&P MidCap 400, and Mister Car Wash Inc. (NYSE: MCW) will replace ExlService Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Monday, October 3. S&P 500 constituent Prologis Inc. (NYSE: PLD) is acquiring Duke Realty in a transaction expected to be completed on or about that date, pending final conditions.
  • Leslie’s Inc. (NASD: LESL) will replace GCP Applied Technologies Inc. (NYSE: GCP) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, September 28. Compagnie de Saint-Gobian S.A. is acquiring GCP Applied Technologies in a transaction expected to be completed on or about that date, pending final conditions.
  • CBTX Inc. (NASD: CBTX) will replace Allegiance Bancshares Inc. (NASD: ABTX) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, October 3. CBTX is acquiring Allegiance Bancshares in a transaction expected to be completed October 1, pending final conditions. Post-acquisition, the combined company will change its name and ticker symbol to Stellar Bancorp (NASD: STEL).
  • Xperi Inc. (NYSE: XPER) will be added to the S&P SmallCap 600 prior to the open of trading on Monday, October 3 replacing SelectQuote Inc. (NYSE: SLQT), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 4. S&P SmallCap 600 constituent Xperi Holdings Corp. (NASD: XPER) is spinning off Xperi (new) in a transaction expected to be completed October 3, pending final conditions. Post spin-off, parent company Xperi Holdings will remain in the S&P SmallCap 600. It will change its name and ticker symbol to Adeia Inc. (NASD: ADEA). SelectQuote is no longer representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:


Effective Date


Index Name      


Action


Company Name


Ticker


GICS Sector


Sept. 28, 2022

S&P SmallCap 600

Addition

Leslie’s

LESL

Consumer Discretionary

S&P SmallCap 600

Deletion

GCP Applied Tech

GCP

Materials


Oct. 3, 2022

S&P 500

Addition

PG&E

PCG

Utilities

S&P 500

Addition

EQT

EQT

Energy

S&P 500

Deletion

Citrix Systems

CTXS

Information Technology

S&P 500

Deletion

Duke Realty

DRE

Real Estate

S&P MidCap 400

Addition

ExlService Holdings

EXLS

Information Technology

S&P MidCap 400

Deletion

EQT

EQT

Energy

S&P SmallCap 600

Addition

Mister Car Wash

MCW

Consumer Discretionary

S&P SmallCap 600

Addition

Xperi (new)

XPER

Information Technology

S&P SmallCap 600

Addition

CBTX

CBTX

Financials

S&P SmallCap 600

Deletion

ExlService Holdings

EXLS

Information Technology

S&P SmallCap 600

Deletion

Allegiance Bancshares

ABTX

Financials


Oct. 4, 2022

S&P SmallCap 600

Deletion

SelectQuote

SLQT

Financials

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices

[email protected]

Media Inquiries

[email protected]

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SOURCE S&P Dow Jones Indices

REE Automotive Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to Warrants

TEL AVIV, Israel, Sept. 23, 2022 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, announced today the expiration and results of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase Class A ordinary shares of the Company, without par value (the “Class A ordinary shares”), which warrants trade on the Nasdaq Stock Market (“Nasdaq”) under the symbol “REEAW” (the “public warrants”), and (ii) related private placement warrants to purchase Class A ordinary shares (the “private placement warrants” and, together with the public warrants, the Warrants”). The Offer and Consent Solicitation expired at midnight (end of day), Eastern Time, on September 22, 2022.

REE has been advised that approximately 13,065,941 warrants were validly tendered and not validly withdrawn prior to the expiration of the Offer and Consent Solicitation. REE expects to accept all validly tendered warrants for exchange and settlement on or about October 6, 2022.

In addition, pursuant to the Consent Solicitation, the Company received the approval of approximately 84% of the outstanding public warrants and approval of approximately 82% of the outstanding private placement warrants to the amendment to the warrant agreement governing the warrants (the “Warrant Amendment”), which exceeds 50% of the outstanding public warrants and, solely with respect to any amendment to the terms of the private placement warrants or any provision of the warrant agreement with respect to the private placement warrants, 50% of the outstanding private placement warrants required to effect the Warrant Amendment. Accordingly, the Company and Continental Stock Transfer & Trust Company entered into the Warrant Amendment, dated September 23, 2022, and the Company announced that it will exercise its right, in accordance with the terms of the Warrant Amendment, to exchange each warrant that is outstanding upon the closing of the Offer for 0.18 Class A ordinary shares per warrant (the “Post-Offer Exchange”). The Company has fixed the date for the Post-Offer Exchange as October 10, 2022, following which, no public or private placement warrants will remain outstanding.

The Company also announced that its Registration Statement on Form F-4 filed with the Securities and Exchange Commission (the “SEC”) registering the Company’s Class A ordinary shares issuable in the Offer was declared effective by the SEC on September 21, 2022.

BofA Securities, Inc. was the Dealer Manager for the Offer and Consent Solicitation, Morrow Sodali LLC served as the information agent for the Offer and Consent Solicitation, and Continental Stock Transfer & Trust Company served as the exchange agent for the Offer and Consent Solicitation.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein and is also not a solicitation of the related consents. The Offer and Consent Solicitation were made only pursuant to the terms and conditions of the Prospectus/Offer to Exchange and related letter of transmittal and consent.

Important Additional Information Filed with the SEC

Copies of the Schedule TO and Prospectus/Offer to Exchange are available free of charge at the website of the SEC at www.sec.gov. A registration statement on Form F-4 relating to the securities to be issued in the Offer was previously filed and declared effective by the SEC on September 21, 2022 (the “Prospectus/Offer to Exchange”).


About REE

REE Automotive (NASDAQ: REE) is an automotive technology company that allows companies to build any size or shape of electric vehicle on their modular platforms. With complete design freedom, vehicles Powered by REE are equipped with the revolutionary REEcorner, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel, enabling REE to build the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low TCO, and drastically reduce the time to market for fleets looking to electrify.


Cautionary Note Regarding Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this press release may include, among other things, statements about REE’s strategic and business plans, technology, relationships, objectives and expectations for our business, the impact of trends on and interest in our business, intellectual property or product and its future results, operations and financial performance and condition.

These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this press release speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this press release may not occur.

Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; and adverse global conditions, including macroeconomic and geopolitical uncertainty; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; the inability of REE to successfully or timely consummate the warrant exchange, including with respect to its ability to obtain the requisite approval of the holders of REE’s warrants; and other risks and uncertainties set forth in sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s Annual Report on Form 20-F filed with the SEC on March 28, 2022, REE’s Prospectus/Offer to Exchange and in subsequent filings with the SEC. 

Investor Relations
Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
[email protected]

Kamal Hamid

VP Investor Relations | REE Automotive
+1 303-670-7756
[email protected]

Media
Caroline Hutcheson
Head of Global Communications | REE Automotive
+1-252-314-2028
[email protected]



CORRECTING and REPLACINGMusqueam Art, Design, and Soccer Culture to Feature in EA SPORTS™ FIFA 23

CORRECTING and REPLACINGMusqueam Art, Design, and Soccer Culture to Feature in EA SPORTS™ FIFA 23

Musqueam Artwork will be Highlighted Within FIFA Ultimate Team and VOLTA FOOTBALL through Kits, Stadium Design, and Stadium Vanity

VANCOUVER, British Columbia–(BUSINESS WIRE)–
Please replace the release with the following corrected version due to multiple revisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220923005416/en/

The Musqueam field in VOLTA FOOTBALL, Photo: EA SPORTS

The Musqueam field in VOLTA FOOTBALL, Photo: EA SPORTS

The updated release reads:

MUSQUEAM ART, DESIGN, AND SOCCER CULTURE TO FEATURE IN EA SPORTS™ FIFA 23

Musqueam Artwork will be Highlighted Within FIFA Ultimate Team and VOLTA FOOTBALL through Kits, Stadium Design, and Stadium Vanity

Today, Musqueam Indian Band and Electronic Arts Inc. (NASDAQ: EA) are excited to announce a unique collaboration to feature Musqueam culture in EA SPORTS™ FIFA 23.

When the game is released, FIFA 23 players will have the opportunity to play at the Musqueam-inspired VOLTA FOOTBALL Pitch – a fictional representation of Musqueam’s real-life soccer field that has brought together Indigenous athletes and fans from across the region since its unveiling in 2012. Through this collaboration, Musqueam cultural elements were incorporated into the game, including a Musqueam longhouse and artwork from Musqueam visual artists, carvers, designers, and weavers.

Additionally, FIFA 23 players will be able to unlock VOLTA FOOTBALL apparel and FIFA Ultimate Team™ kits, designed by Musqueam artists, along with FUT stadium customization elements that feature a variety of Musqueam motifs and patterns.

As EA SPORTS FIFA is primarily developed at EA Vancouver, the collaboration between EA SPORTS and Musqueam was an opportunity to celebrate local creatives and showcase their work to an audience of millions of fans worldwide. With the aim to create more meaningful connections within our communities, EA SPORTS collaborated with ten Musqueam artists, each bringing a unique perspective and design to the environments and kits that will represent the region to a global audience of the world’s game.

“Through this special collaboration with EA SPORTS, Musqueam is showcasing not only our unique and distinctive culture, but our thriving soccer community and love of the sport – something we share with many First Nations in this region,” said Wayne Sparrow, Chief of Musqueam Indian Band. “When Indigenous athletes and gamers see an Indigenous field and kits in FIFA 23, we hope it brings immense joy and pride, while sparking countless new ideas for collaborations between First Nations and the sports and video game industries.”

A profound love and shared passion for soccer formed the foundation for this collaboration. Proud stewards, peacekeepers, and protectors of their land, Musqueam athletes are committed to the steadfast pursuit of well-being through rigorous physical, mental, and spiritual training. Playing with heart, character-building sports like soccer are practiced from childhood to adulthood. These practices are a continuation of the intercommunity ties that have existed for thousands of years, bringing Musqueam kin into their territory.

“We are honoured to work with Musqueam artists, athletes, and community leaders to help share their deep and meaningful history and culture with the millions of FIFA fans across the world,” said Nicholas Lammie, Director of Brand Marketing at EA SPORTS FIFA. “This collaboration was so important to our EA Vancouver Studio Team and we’re incredibly excited to bring it to life in FIFA Ultimate Team and VOLTA FOOTBALL.”

In addition to the in-game artwork, this collaboration results in a number of community contributions, including EA SPORTS creating physical kits for Musqueam soccer players that bring to life the in-game kits, as well as funding upgrades to the Musqueam Field including improved storage and equipment management facilities, new goals and nets, and custom tents to shelter from inclement weather.

Musqueam artists whose artwork features in FIFA 23 include:

Kelly Cannell – FUT Home Kit

Chase Gray – FUT Goalkeeper kit, FUT Away kit pattern

Deanna Point – FUT Stadium Cosmetics – Tifo, Centre pitch, tournament banner, VOLTA FOOTBALL Mural

Krista Point – VOLTA FOOTBALL – Weavings x2 for Clubhouse + tents

Aleen Sparrow – VOLTA FOOTBALL – Weavings for perimeter board and wide banners

Brent Sparrow – VOLTA FOOTBALL – House Post

Debra Sparrow – VOLTA FOOTBALL – Weavings x2 for floodlights + Tents and Runner Sculpture

Kamryn Sparrow – VOLTA FOOTBALL – Pitch Artwork, FUT Away kit Serpent

Robyn Sparrow – VOLTA FOOTBALL – Weavings x2 for floodlights + Tents

Cole Sparrow-Crawford – VOLTA FOOTBALL – Holy Name Collection

The City of Vancouver is located on the ancestral and unceded territory of the Musqueam, Squamish, and Tsleil-Waututh nations. As part of its commitment to reconciliation, EA SPORTS aims to use its global platforms to share more Indigenous cultures with the world.

FIFA 23 is developed by EA Vancouver and EA Romania and will be available worldwide on PlayStation 5, Xbox Series X|S, PC, Stadia, PS4, and Xbox One on September 30. Early access for FIFA 23 Ultimate Edition begins on September 27, 2022.

About Musqueam Indian Band

Musqueam people have lived in British Columbia’s Fraser River estuary since time immemorial. Musqueam is a proud and culturally-resilient First Nation of over 1,300 band members. About half of its members live in a small portion of its ancestral territory known as Musqueam Reserve, located south of Marine Drive in Vancouver, BC. Many of the remaining members live throughout Musqueam’s territory, now called Vancouver, Burnaby, Richmond, Delta, North Vancouver, West Vancouver and New Westminster. Musqueam’s lands and waters continue to support its cultural and economic practices, while serving as a source of knowledge and memory, encoded with our teachings and laws.

EA, EA SPORTS, and the EA SPORTS logo are trademarks of Electronic Arts Inc. FIFA and FIFA’s Official Licensed Product Logo are copyrights and/or trademarks of FIFA. All rights reserved.

Category: EA SPORTS

Odette Wilson

Communications Officer,

Musqueam Indian Band

[email protected]

1-(236)-885-7335

Eric Escaravage

Global PR Lead, EA SPORTS FIFA

[email protected]

1-(604)-319-3533

KEYWORDS: United States North America Canada California

INDUSTRY KEYWORDS: Soccer Entertainment Consumer Electronics Sports Technology Software Electronic Games

MEDIA:

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Photo
Photo
The Musqueam field in VOLTA FOOTBALL, Photo: EA SPORTS

Allwyn and Cohn Robbins announce decision on proposed business combination

LUCERNE, Switzerland and WILMINGTON, Del., Sept. 24, 2022 (GLOBE NEWSWIRE) — Allwyn AG (“Allwyn” or the “Company”), a leading multinational lottery operator, and Cohn Robbins Holdings Corp. (NYSE:CRHC) (“CRHC” or “Cohn Robbins”), a special purpose acquisition company, today announced that they have mutually agreed not to proceed with their previously proposed business combination.

Allwyn, Europe’s largest lottery operator1, received strong indications of support during recent meetings with investors, but the marketing period coincided with significant market volatility amid a backdrop of concerns about the prospects for inflation, interest rates and recession. Despite this, investors offered commitments of almost $700m to support the combination with Cohn Robbins.

After consideration, Allwyn and Cohn Robbins have jointly decided not to proceed with the transaction. Allwyn remains committed to joining the public markets in due course when conditions are more favorable and to expanding its business into the US.

Robert Chvátal, Allwyn’s group chief executive officer, said: “Allwyn was encouraged by the feedback from many leading investors, demonstrating the attractiveness of our business to the investment community.

“However, due to the prolonged and increasing market volatility, we and Cohn Robbins have decided not to proceed with the proposed business combination. We are grateful to the firm’s founders, Gary Cohn and Cliff Robbins, for their support over the past year and hope to work with them again in the future.

“As demonstrated by our recent results, Allwyn is a highly cash generative business with a strong financial and operational platform to pursue its organic and inorganic growth strategy and to invest in new opportunities. These include the National Lottery in the UK, where we are set to become the operator in 2024. We continue to pursue sustainable and profitable growth and remain excited about the many opportunities we see in the lottery business in Continental Europe, the UK, the United States and elsewhere.”

Gary D. Cohn and Clifton S. Robbins, CRHC’s Co-Founders and Co-Chairmen, said: “Our partnership with Allwyn was announced in January and since then we have witnessed a pronounced negative turn in market psychology, and just last week the market suffered its worst day since June 2020, with the sharply negative trend continuing this week. Karel Komárek and his teams at KKCG and Allwyn have much to be proud of in the lottery-led entertainment company they are building. Nevertheless, the persistently volatile and negative market conditions have led to our mutual decision with Allwyn not to proceed in completing the transaction. We wish them every success going forward.”

CRHC’s Board of Directors will consider in due course CRHC’s next steps, including whether to seek an alternative business combination. On September 7, 2022, CRHC shareholders approved an initial extension of CRHC’s expiration date to December 11, 2022.


About Allwyn
  
Allwyn is a leading global lottery operator. Allwyn builds lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands across Europe in Austria, Czech Republic, Greece and Cyprus and Italy. Following a successful tender process earlier this year, Allwyn is set to become the operator of the UK National Lottery from February 2024.


About Cohn Robbins Holdings Corp.

Founded and listed on the NYSE in 2020, Cohn Robbins Holdings Corp. is Co-Chaired by Gary D. Cohn and Clifton S. Robbins. Mr. Cohn is Vice Chairman of IBM and has more than 30 years of financial services experience spanning the private and public sectors, having served as Assistant to the President of the United States for Economic Policy and Director of the National Economic Council from January 2017 until April 2018, and as President, Chief Operating Officer and a director of The Goldman Sachs Group, Inc. from 2006-2016. Mr. Robbins has more than 35 years of investment management experience, including as Founder and Chief Executive Officer of Blue Harbour Group from 2004-2020, a Managing Member of global growth investor General Atlantic Partners from 2000-2004, and as a General Partner of Kohlberg Kravis Roberts & Co., where he worked from 1987-2000.

For further inquiries:

For Allwyn

Media inquiries:

Dana Dvorakova, Allwyn
[email protected]

Paul Durman, Brunswick
[email protected] or: +44 7973 522824

Nick Cosgrove, Brunswick
[email protected] or: +44 7974 982306

For investor inquiries:
[email protected]
[email protected]

For Cohn Robbins

Adam Weiner, Arrowpath Advisors
[email protected]
+1 212 596 7700


Cautionary Statement Regarding Forward-Looking Statements


This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 with respect to the Business Combination between, among other parties, CRHC and Allwyn. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “strategy,” “future,” “opportunity,” “would,” “seem,” “seek,” “outlook” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. These forward-looking statements include, without limitation, Allwyn’s and CRHC’s expectations with respect to anticipated financial impacts of the Business Combination, the satisfaction of closing conditions to the Business Combination, and the timing of the completion of the Business Combination. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of CRHC’s registration statement on Form S-1 (File No. 333-240277), its Annual Report on Form 10-K, as amended from time to time, for the fiscal year ended December 31, 2021 and its subsequent Quarterly Reports on Form 10-Q, and the Registration Statement filed by Allwyn. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside Allwyn’s and CRHC’s control and are difficult to predict. Many factors could cause actual future events to differ from the forward-looking statements in this document, including but not limited to: (1) the outcome of any legal proceedings that may be instituted against CRHC or Allwyn following the announcement of the Business Combination; (2) the inability to complete the Business Combination, including due to the inability to concurrently close the Business Combination and the private placement of common stock or due to failure to obtain approval of CRHC’s shareholders; (3) the risk that the Business Combination may not be completed by CRHC’s business combination deadline and the potential failure to obtain an extension of such deadline sought by CRHC; (4) the failure to satisfy the conditions to the consummation of the Business Combination, including the approval by CRHC’s shareholders and the satisfaction of the minimum trust account amount following any redemptions by CRHC’s public shareholders; (5) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (6) the risk that the Business Combination disrupts current plans and operations as a result of the consummation of the Business Combination; (7) the inability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (8) costs related to the Business Combination; (9) changes in the applicable laws or regulations; (10) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) the risk of downturns and a changing regulatory landscape in the industry in which Allwyn operates; (12) Allwyn’s ability to obtain or maintain rights or licenses to operate in any market in which Allwyn operates or seeks to operate in the future; (13) the potential inability of Allwyn to raise additional capital needed to pursue its business objectives or to achieve efficiencies regarding other costs; (14) the enforceability of Allwyn’s intellectual property, including its patents, and the potential infringement on the intellectual property rights of others, cyber security risks or potential breaches of data security; and (15) other risks and uncertainties described in CRHC’s registration statement on Form S-1 and Annual Report on Form 10-K, as amended from time to time, for the fiscal year ended December 31, 2020 and its subsequent Quarterly Reports on Form 10-Q, and the Registration Statement. Allwyn and CRHC caution that the foregoing list of factors is not exclusive or exhaustive and not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither Allwyn nor CRHC gives any assurance that Allwyn or CRHC will achieve its expectations. Neither Allwyn nor CRHC undertakes or accepts any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, or should circumstances change, except as otherwise required by securities and other applicable laws.

Source: Cohn Robbins Holdings Corp.


1 As measured by gross gaming revenue



Tetra Tech to Acquire RPS Group to Expand its Global Operations

Tetra Tech to Acquire RPS Group to Expand its Global Operations

  • Advances Tetra Tech’s Global High-End Consultancy in Water, Environment, and Sustainable Infrastructure
  • Expands Global Leadership in Energy Transformation, Environmental Management, and Data Analytics
  • Strengthens United Kingdom and Australia Operations and Establishes European Union Practice
  • RPS Group plc Board unanimously recommends Tetra Tech’s bid of 222 pence per share

PASADENA, Calif.–(BUSINESS WIRE)–Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, is pleased to announce that it has reached an agreement with RPS Group plc (“RPS Group”) on the terms of an all-cash acquisition of RPS Group for 222 pence per share (the “Acquisition”). The Acquisition has been unanimously recommended by the Board of Directors of RPS Group.

The combined 26,000 associates of the RPS Group and Tetra Tech will establish a premier global consultancy in water, environment, sustainable infrastructure, and energy transformation. The RPS Group employs 5,000 associates in Europe, the United Kingdom, Asia Pacific, and North America, delivering high-end solutions especially in energy transformation, water, and program management for government and commercial clients. Tetra Tech is a global high-end consultancy with #1 rankings in both water and environmental management as published in Engineering News-Record. Its 21,000 associates are technical experts in delivering more than 70,000 projects per year around the world.

The RPS Group significantly expands Tetra Tech’s water practice in the United Kingdom, and enhances Tetra Tech’s leading position in renewable energy and environmental management. The combination further strengthens our geographic presence in the United Kingdom, European Union, and Australia. The RPS Group and Tetra Tech are culturally aligned and together will use a Leading with Science®approach to address critical issues such as climate change, resiliency, and energy transformation. The combination of the RPS Group and Tetra Tech also advances both companies’ strategies to provide high-end consulting with an emphasis on advanced data analytics and unique software applications, such as those in water management, ocean analytics and contaminant modeling.

“The RPS Group advances our long-term strategy to enhance our position as the premier global high-end consulting and engineering firm focused on water, environment, sustainable infrastructure, and energy transformation.” said Dan Batrack, Tetra Tech Chairman and CEO. “We welcome the RPS Group’s associates to join us and collectively leverage our long-term client relationships and project experience. As a global consultancy with a commitment to high-end solutions, we can offer our expanded team of associates even greater professional opportunities.”

Ken Lever, Non-Executive Chairman of RPS commented, “The Board of RPS is pleased to recommend Tetra Tech’s offer, which provides our shareholders with even greater value for their shares. Our combination with Tetra Tech will provide attractive opportunities and long-term benefits to our associates and global clients.”

Furthermore, John Douglas, Chief Executive of RPS explained, “Joining Tetra Tech represents a highly attractive combination of two leading companies in the industry for our clients and provides an ideal opportunity for our people to realize RPS’ goals to meaningfully contribute to the world’s most challenging problems in energy transformation and water management around the world. I am very excited about the future of our combined company and the benefits for our people and clients. By joining together, Tetra Tech provides RPS and its employees with a strong and culturally aligned platform that creates a pre-eminent consulting and engineering firm addressing climate change and all its effects.”

The Transaction

It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement (the “Scheme”) under Part 26 of the U.K. Companies Act 2006. The purpose of the Scheme is to provide for Tetra Tech to indirectly become the owner of the entire issued and to be issued share capital of RPS Group.

Details of the proposed Acquisition will be sent to RPS Group shareholders within 28 days of the date of this announcement (unless the Panel on Takeovers and Mergers under the U.K. City Code on Takeovers and Mergers agrees otherwise). Subject, amongst other things, to the satisfaction or waiver of the conditions, the approval of the Scheme by the RPS Group shareholders, the receipt of applicable regulatory approvals and the Court’s sanction of the scheme of arrangement, it is expected that the Acquisition will complete by the end of 2022.

For further details regarding the proposed Acquisition, readers are referred to the firm offer announcement in respect of the Acquisition (the “Announcement”) previously released in the United Kingdom on the date hereof in accordance with Rule 2.7 of the UK City Code on Takeovers and Mergers and which can be found on Tetra Tech’s website at tetratech.com/investor-offer. The Announcement and other important documents (including, among others, the New Credit Facility (as defined below)) are also attached as exhibits to Tetra Tech’s Current Report on Form 8-K filed with the SEC concurrently with this release. Please note that this release is not a summary of the Announcement and should not be regarded as a substitute for reading the Announcement. We therefore strongly encourage you to read the Announcement in full in connection with this release, which is subject to the full text of the Announcement in all respects.

The Acquisition is expected to be mid to high teen percent accretive to adjusted earnings per share (EPS) after realizing the full benefit from an expected £21 million in cost synergies and integration into Tetra Tech. The cost to realize these synergies is estimated to be £16 million and would be substantially incurred in first twelve months after closing. Adjusted EPS excludes one-time transaction related costs and intangible amortization.

All relevant documentation will be made available on Tetra Tech’s website at tetratech.com/investor-offer.

Acquisition Financing

Concurrently with the announcement of the Acquisition, Tetra Tech has obtained a “certain funds” of £714 million (approximately 800 million USD) plus 350 million USD New Credit Facility, which includes commitments for the full amount of the purchase price for the Acquisition value of the entire issued and to be issued share capital of RPS. Bank of America, N.A. is acting as administrative agent and sole lender with respect to the New Credit Facility.

The New Credit Facility is designed to ensure compliance with the “certain funds” requirements from announcement of the Acquisition under the UK City Code on Takeovers and Mergers. Further, the Acquisition financing plan has been designed and structured with a view to preserving Tetra Tech’s credit profile.

The New Credit Facility contains representations, warranties, conditions precedent, covenants, a leverage ratio and events of default that are customary for a transaction of this nature.

Approvals and Recommendation

The Board of Directors of RPS Group has unanimously recommended the Acquisition.

Tetra Tech has also received undertakings and letters of intent from certain RPS Group major shareholders to vote for the transaction at the RPS Group shareholder meetings to be convened in connection with the Scheme, in respect of a total number of RPS Group shares representing in the aggregate approximately 28% of the existing issued share capital of RPS Group on September 23, 2022.

Financial and Legal Advisors

BofA Securities is acting as financial advisor to Tetra Tech on the Acquisition. Legal advice is being provided to Tetra Tech by Hogan Lovells International LLP.

About RPS Group

RPS Group is a public limited company registered in England and Wales. RPS Group’s shares are listed on the Official List of the London Stock Exchange. Founded in 1970 and built on a legacy of environmental and social engagement, RPS Group is a diversified and well recognized global professional services firm of approximately 5,000 talented employees.

As an established technology enabled consultancy that operates across a range of sectors, RPS Group provides specialist services to government and private sector clients with a focus on front-end consulting. RPS Group creates shared value for all stakeholders by solving problems that matter in a complex, urbanizing, resource-scarce world and concentrates its expertise on the parts of project lifecycles that have the biggest impact on project outcomes with a strong sustainability agenda. RPS Group has been widely recognized in this respect, having been ranked number one in the UK for climate change and energy consulting by the Environment Analysis for 2019/2020, a top 200 environmental firm by Engineering News-Record in 2021 and recognized in 2021 as one of the first “carbon champions” by the Institution of Civil Engineers.

RPS Group operates across approximately 100 offices in 12 countries, with more than 99% of its net revenue during the 2021 financial year generated from its operations in OECD countries. The majority of its net revenue during the 2021 financial year was generated from its operations in the United Kingdom, Australia and the United States.

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in Tetra Tech’s Form 10-K and Form 10-Q filings with the U.S. Securities and Exchange Commission.

Except as required by applicable law or regulation, Tetra Tech expressly disclaims any obligation or undertaking to publish any updates or revisions to any forward-looking statements contained in this Announcement to reflect any changes in Tetra Tech’s expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

KEYWORDS: California Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Software Professional Services Environmental Policy Sustainability Technology Environment Data Analytics Engineering Finance Consulting Manufacturing Telecommunications

MEDIA:

Cavco Industries Reports Acceptance of Settlement in SEC Action

PHOENIX, Sept. 23, 2022 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) today announced that the United States District Court for the District of Arizona approved the settlement of the Securities and Exchange Commission action against the Company. The action was based on securities trading in 2017 directed by Joseph Stegmayer, former chief executive officer, which resulted in an unrealized gain of approximately $265,000 for the Company. Without admitting or denying the findings of the consent judgment, the Company agreed to the imposition of an injunction against future violations of the antifraud and internal accounting control provisions of the Securities Exchange Act of 1934 and a monetary penalty of $1.5 million.

The settlement resolves all claims in the action against the Company. Daniel Urness, its former chief financial officer, is the only remaining defendant in the ongoing action. Mr. Stegmayer settled the SEC claims against him last year.

“After working to resolve this matter for an extended period of time, we are very happy to have reached a settlement on reasonable terms,” said President and Chief Executive Officer Bill Boor.

.About Cavco Industries, Inc.

Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. We are one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments. Our products are marketed under a variety of brand names including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood and MidCountry. We are also a leading producer of park model RVs, vacation cabins and factory-built commercial structures. Cavco’s finance subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Our insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes. Additional information about Cavco can be found at https://www.cavco.com.


Forward-Looking Statements

Certain statements contained in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In general, all statements that are not historical in nature are forward-looking. Forward-looking statements are typically included, for example, in discussions regarding the manufactured housing industry; our financial performance and operating results; and the expected effect of certain risks and uncertainties on our business, financial condition and results of operations. All forward-looking statements are subject to risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Factors that could cause such differences to occur include, but are not limited to: the impact of local or national emergencies including the COVID-19 pandemic, including such impacts from state and federal regulatory action that restricts our ability to operate our business in the ordinary course and impacts on (i) customer demand and the availability of financing for our products, (ii) our supply chain and the availability of raw materials for the manufacture of our products, (iii) the availability of labor and the health and safety of our workforce and (iv) our liquidity and access to the capital markets; labor shortages and the pricing and availability of raw materials; our ability to successfully integrate past acquisitions or future acquisitions and the ability to attain the anticipated benefits of such acquisitions; involvement in vertically integrated lines of business, including manufactured housing consumer finance, commercial finance and insurance; information technology failures or cyber incidents; our participation in certain financing programs for the purchase of our products by industry distributors and consumers, which may expose us to additional risk of credit loss; significant warranty and construction defect claims; our contingent repurchase obligations related to wholesale financing; a write-off of all or part of our goodwill; our ability to maintain relationships with independent distributors; our business and operations being concentrated in certain geographic regions; governmental and regulatory disruption, including prolonged delays by Congress and the President to approve budgets or continuing appropriations resolutions to facilitate the operation of the federal government; curtailment of available financing from home-only lenders and increased lending regulations; availability of wholesale financing and limited floor plan lenders; market forces and housing demand fluctuations; the cyclical and seasonal nature of our business; competition; general deterioration in economic conditions and turmoil in the financial markets; unfavorable zoning ordinances; extensive regulation affecting the production and sale of manufactured housing; potential financial impact on the Company from the subpoenas we received from the SEC and its ongoing investigation, including the risk of potential litigation or regulatory action, and costs and expenses arising from the SEC subpoenas and investigation and the events described in or covered by the SEC subpoenas and investigation, which include the Company’s indemnification obligations and insurance costs regarding such matters, and potential reputational damage that the Company may suffer; losses not covered by our director and officer insurance, which may be large, adversely impacting financial performance; loss of any of our executive officers; our ability to generate income in the future; liquidity and ability to raise capital may be limited; organizational document provisions delaying or making a change in control more difficult; and volatility of stock price; together with all of the other risks described in our filings with the SEC. Readers are specifically referred to the Risk Factors described in Item 1A of the Company’s Annual Report on Form 10-K for the year ended April 3, 2021 as may be amended from time to time, which identify important risks that could cause actual results to differ from those contained in the forward-looking statements. Cavco expressly disclaims any obligation to update any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise. Investors should not place undue reliance on any such forward-looking statements.

For additional information, contact:

Mark Fusler

Corporate Controller and Investor Relations
Email: [email protected]
Phone: 602-256-6263
On the Internet: www.cavco.com



Ecopetrol Group presents its second specialized report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

PR Newswire

BOGOTÁ, Colombia, Sept. 23, 2022 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its second TCFD report as of 2021, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets.

The disclosure of this second report is in line with international best practices, in which the recommendations issued by the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures (TCFD) are adopted as part of its disclosure policies.

The full report can be viewed at the following link: https://www.ecopetrol.com.co/wps/portal/Home/en/investors/sustainability-reports/sustainability-reports

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA’s shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla – Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This press release contains business prospect statements, operating and financial result estimates, and statements related to Ecopetrol’s growth prospects. These are all projections and, as such, they are based solely on the expectations of the managers regarding the future of the company and their continued access to capital to finance the company’s business plan. The realization of said estimates in the future depends on the behavior of market conditions, regulations, competition, and the performance of the Colombian economy and the industry, among other factors, and are consequently subject to change without prior notice.

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company’s prospects for growth and its ongoing access to capital to fund the Company’s business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company’s competitiveness and the performance of Colombia’s economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.

For more information, please contact:

Head of Capital Markets

Tatiana Uribe Benninghoff

Email: [email protected]

Head of Corporate Communications
Mauricio Téllez
Email: [email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-group-presents-its-second-specialized-report-on-climate-change-management-following-the-recommendations-of-the-task-force-on-climate-related-financial-disclosures-tcfd-301632479.html

SOURCE Ecopetrol S.A.

Mark Zuckerberg’s Little League Photo Goes to Auction

PR Newswire

Rare, autographed Zuckerberg baseball card and NFT photographed by Irvin Simon Photographers goes to auction on September 24


NEW YORK
, Sept. 23, 2022 /PRNewswire/ — Back in 1992, Irvin Simon Photographers, the largest independent school and sports photographer in the New York area, captured a picture of an eight-year-old Mark Zuckerberg posing with a baseball bat. Now known as the CEO of Meta (Nasdaq: META), Zuckerberg’s autographed little league trading card and NFT, including documents that authenticate its existence, is being auctioned this week. The once-in-a-lifetime auction is hosted by ComicConnect, the leading auctioneer of vintage comic books and pop culture memorabilia.

Professional photos of a childhood experience – whether for a new school year or a sports team – capture priceless memories that aren’t just about today, but tomorrow and beyond. “Every kid deserves a beautiful photo that showcases who they are, even if they’re not Mark Zuckerberg,” says Steve Miller, President and CEO of Irvin Simon Photographers. “Every child’s photograph we take is special, and we are delighted to see the value of a childhood portrait represented at the auction.”

In 1992, Zuckerberg was an eight-year-old boy who attended Elmwood Camp in Westchester County, New York. According to his trading card, he weighed 48 pounds and had a .920 batting average. Today, future change-makers are getting their pictures taken, safeguarding special moments in time. So, hold onto your school and sports portraits because they become more valuable with time.

About Irvin Simon Photographers

Founded in 1946, Irvin Simon Photographers is a school and sports photography business committed to taking beautiful pictures of the people you love. For over 75 years, the family-run business captured many smiles, but never imagined capturing the portrait of Meta’s CEO.

Contact Information:
Nicole DiGiose, Director of Marketing & Communications
[email protected] 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mark-zuckerbergs-little-league-photo-goes-to-auction-301632477.html

SOURCE Irvin Simon Photographers