The High-voltage Power Cable Market will grow by USD 13.63 bn during 2020-2024
Sistema PJSFC (SSA) 24-Nov-2020 / 10:28 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Pricing of Ozon's Initial Public Offering Moscow, 24 November 2020 \- Sistema PJSFC ("Sistema" or the "Corporation") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company, notes the announcement made by its portfolio company Ozon Holdings PLC ("Ozon"), a leading Russian e-commerce platform, of the pricing of its initial public offering of 33,000,000 American Depositary Shares ("ADSs") representing 33,000,000 Ordinary Shares at a price of $30 per ADS.The ADSs are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "OZON" on November 24, 2020, and the offering is expected to close on November 27, 2020, subject to customary closing conditions. In addition, Ozon has granted the underwriters a 30-day option to purchase up to 4,950,000 additional ADSs at the initial public offering price less underwriting discount.Sistema had entered into a private placement agreement to purchase, concurrently with, and subject to, the completion of the initial public offering of the ADSs of Ozon at the price per ADS equal to the initial public offering price per ADS, for a total amount of USD 67.5 mln. Upon completion of the initial public offering of Ozon, fulfilment of the private placement agreement and conversion of the convertible loans previously provided to Ozon, Sistema's total stake in Ozon will amount to 33.1%. Sistema has also entered into a lock-up agreement pertaining to its total shareholding in Ozon for a period of 180 days after the date of the final prospectus used to sell the ADSs in Ozon's initial public offering. ***Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2019 was RUB 656.9 billion; total assets equalled RUB 1.3 trn as of 31 December 2019. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com.This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended. A registration statement relating to the proposed sale of securities of Ozon has been filed with the Securities and Exchange Commission and declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The proposed offering is being made only by means of a prospectus. When available, copies of the final prospectus relating to and describing the terms of the proposed offering may be obtained from any of the following sources set out in the following Ozon announcement https://corporate.ozon.ru/tpost/y365re7ia1-ozon-announces-pricing-of-initial-public. For further information, please visit www.sistema.ru or contact:Investor Relations Nikolai MinashinPhone: +7 (495) 730 66 firstname.lastname@example.orgPublic Relations Sergey KopytovPhone: +7 (495) 228 15 email@example.com * * * ISIN: US48122U2042 Category Code: MSCH TIDM: SSA LEI Code: 213800JSZ2UUK4QQK694 Sequence No.: 88404 EQS News ID: 1150133 End of Announcement EQS News Service
Star condemned Trump for refusing to concede
Prime Minister Boris Johnson revealed details of the Government’s winter pandemic plan on Monday. Now, as England looks ahead to exiting the national lockdown, how have the tiers changed? Boris Johnson has confirmed that the national lockdown will end on December 2, to be replaced with the new tier system.
China’s latest trip to the moon is another milestone in the Asian powerhouse’s slow but steady ascent to the stars. China became the third country to put a person into orbit a generation ago and the first to land on the far side of the moon in 2019. Future ambitions include a permanent space station and putting people back on the moon more than 50 years after the U.S. did.
‘Alex believed in the importance of Jeopardy and always said that he wanted the show to go on after him,’ executive producer Mike Richards said
Boris Johnson is thrashing out plans with the devolved leaders for families to reunite over Christmas amid hopes that restrictions under the new Covid tier system will be over by Easter. The talks between the Government and the devolved administrations of Scotland, Wales and Northern Ireland are continuing in a bid to find a common approach to household mixing over the festive period. Mr Johnson confirmed on Monday that England will return to a regional tier system from December 2, but was unable to spell out any further details for Christmas.
The Cineworld share price is going through the roof again. But is it a risk too far? Here, I explain why I'd rather buy other UK shares today. The post Forget the surging Cineworld share price! I’d rather buy other UK shares in my ISA appeared first on The Motley Fool UK.
The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc's venture capital fund CapitalG. The news came fresh off a Wall Street Journal report two weeks ago that Manbang was seeking $1 billion ahead of an initial public offering next year. The company declined to comment on the matter, though its CEO Zhang Hui said in May 2019 that the firm was "not in a rush" to go public.
‘Scotland will not be the last country to make period poverty history — but it now has a chance to be the first’
Save on comforter and comforter set deals at the Black Friday sale, featuring down, quilted, and reversible comforter, duvet, and duvet set deals
Hundreds of demonstrators march against the death of a black man who was beaten to death by white guards at a Carrefour supermarket and some clash with police in the evening.
China on Tuesday reported two new coronavirus cases in the cities of Shanghai and Tianjin as it seeks to prevent small outbreaks from becoming larger ones. The National Health Commission said that there were two new locally spread cases in the previous 24-hour period, one in each city. It also reported 20 cases among people who had arrived from overseas.
The Puerto Rican star canceled his performance at last night’s AMAs but did appear remotely to present the award for favorite Latin female artist
Police have launched an investigation and notified Interpol.
With less than a week to go until the big day, the giant retailer has begun its countdown with more impressive offers
French President Emmanuel Macron is expected to announce a reworking of the country’s Covid-19 lockdown rules in a televised speech Tuesday night following a drop in nationwide infections. France is expected to start easing Covid-19 lockdown rules in coming weeks, carrying out the process in three stages so as to avoid a new flareup in the pandemic, according to senior officials.In his speech Tuesday, Macron is expected to announce an adjustment of restrictions that have been in place since October 30."Emmanuel Macron will give prospects over several weeks, especially on how we adjust our strategy. What is at stake is adapting lockdown rules as the health situation improves while avoiding a new flare-up in the epidemic," government spokesman Gabriel Attal told the French weekly, Le Journal Du Dimanche."There will be three steps to (lockdown) easing in view of the health situation and of risks tied to some businesses: a first step around December 1, then before the year-end holidays, and then from January 2021," Attal added.Macron had said France's second national lockdown would last at least four weeks. Curbs include the closure of non-essential stores, restaurants and bars.But with recent data showing France on track to rein in a surge in coronavirus infections, the government is under pressure from shops and businesses to ease restrictions in time for the Christmas shopping season, when many retailers make the bulk of their annual turnover."We had committed to allow them (shopkeepers) to reopen around December 1 if the health situation improved, which seems to be the case," Attal said.Bars and restaurants, however, "will continue to experience restrictions," he added.Light at end of 'long, dark tunnel'Macron’s address comes a day after drug firm AstraZeneca and Oxford University announced a vaccine in development had proved “very effective” in trials involving 23,000 people.The announcement came after other trials of drugs developed by Pfizer/BioNTech and Moderna announced effectiveness above 90 percent.The developments have provided a boost to virus-weary citizens across the globe as the holiday season approaches.While World Health Organization Director-General Tedros Adhanom Ghebreyesus hailed the latest batch of results as light at the end of the "long dark tunnel", he cautioned the world had to ensure drugs were distributed fairly."Every government rightly wants to do everything it can to protect its people," Tedros said. "But there is now a real risk that the poorest and most vulnerable will be trampled in the stampede for vaccines."On Thursday, French Health Minister Olivier Veran said the country will win its battle against the coronavirus but it is a struggle that will take time, warning the lockdown was not yet over.(FRANCE 24 with AP, AFP and REUTERS)
‘If you’re telling a story about a community and they’re not welcoming to you, then f*** off,’ said star
Once the preserve of gamers, virtual reality (VR) has been seized on by the financial sector as a way of enlivening home working for lonely traders or isolated executives and replicating real-world sales, networking or training events. "Working from home has massively accelerated the interest in virtual/online spaces," said Stuart Warner, head of technology at Fidelity International which manages $3.3 trillion in assets. Having internally explored VR and augmented reality (AR) technology, which unlike VR is not fully immersive and involves computer-generated elements being visible through a smartphone screen for example, Fidelity now aims to trial VR with its sales teams' interactions with clients.
DGAP-News: HYPOPORT SE / Key word(s): Market launch 24.11.2020 / 08:20 The issuer is solely responsible for the content of this announcement. Thanks to Europace and Smart InsurTech, Sparda BW enables payment protection insurance linked to mortgage finance to be taken out digitally Bancassurance: Europace credit platform and SMART INSUR insurance platform seamlessly integrated with each other for the first time Berlin, 24 November 2020. For the first time, Europace - the largest German transaction platform for mortgage finance, building finance products, and personal loans - and the web-based SMART INSUR insurance platform can communicate with each other directly. In cooperation with Sparda-Bank Baden-Württemberg eG (Sparda BW), a standard connection was developed that enables payment protection insurance to be taken out digitally in conjunction with a mortgage finance application. "We want to digitalise our processes and reduce manual tasks that take up a lot of time so that our advisors can focus more on looking after clients while administrative staff can concentrate on value-adding tasks," says Michael Lichtner, Back Office Head of Department at Sparda BW, explaining the reasons for the joint project. "This not only improves our efficiency but also enables us to avoid errors that might potentially occur in manual processes." Thanks to the cooperation between Smart InsurTech AG and Europace AG, both of which are wholly owned subsidiaries of Hypoport SE, an advisor who applies for mortgage finance for their client using Europace's Baufi Smart frontend receives an offer for payment protection insurance and thus benefits from the Smart Compare comparison tool. Smart Compare connects the mortgage finance advisors to the product supplier Credit Life, enabling a quote to be requested almost in real time. Stefan Münter, Co-CEO of Europace, adds: "We are delighted that Sparda BW, a long-standing customer of the credit platform, has teamed up with us for this project. The collaboration between the two Hypoport companies allows us to be a one-stop shop for Sparda BW, providing the best possible process for advisors and end clients. It was important for us to create a standard interface to the SMART INSUR insurance platform as it means we can offer a link to payment protection insurance as part of the mortgage finance application process for all prospective customers in future." Besides the synergies, another benefit of the interface between the credit and insurance platforms is the high level of data security because both systems are part of the Hypoport Group and thus no external service providers are involved. Care was taken to maintain a separation between the two companies, with each one working in their own domain and only with access to the data that it actually needs. "By combining the expertise of Europace and Smart InsurTech, we can make inroads into new markets," reports Marcus Rex, member of the Management Board of Smart InsurTech AG. "It provides the blueprint for the integration of further payment protection insurance products. Any such product can be integrated through the interface, so it opens up huge market potential." About Hypoport SE Hypoport SE is headquartered in Lübeck (Germany) and is the parent company of the Hypoport Group. The Group is a network of technology companies for the credit, real-estate and insurance industries with a workforce of more than 2,000 employees. It is grouped into four segments: Credit Platform, Private Clients, Real Estate Platform and Insurance Platform. The Credit Platform segment operates Europace, which is an online B2B financial marketplace and the largest German platform offering mortgages, building finance products and personal loans. A fully integrated system links more than 750 partners - banks, insurers and financial product distributors. Several thousand loan brokerage advisors execute approx. 35,000 transactions per month on Europace, generating a volume of more than €7 billion. Besides Europace, the FINMAS and GENOPACE sub-marketplaces and the B2B distribution companies Qualitypool and Starpool support the growth of the credit platform. The Private Clients segment, made up of the web-based, non-captive financial product distributor Dr. Klein Privatkunden and the consumer comparison portal Vergleich.de, brings together all business models aimed at directly advising consumers on mortgages, insurance or pension products. All real estate-related activities of the Hypoport Group, with the exception of mortgage finance, are grouped together in the Real Estate Platform segment (previously Institutional Clients) with the aim of digitalising the sale, valuation, financing and management of properties. The Insurance Platform segment operates SMART INSUR, a web-based B2B platform for advice, comparison of tariffs and the administration of insurance policies. The segment also incorporates the insurance unit of Qualitypool, a B2B distribution company. The shares of Hypoport SE are listed in the Prime Standard segment of the Frankfurt Stock Exchange (Deutsche Börse) and have been included in the SDAX since 2015. Contact Jan H. Pahl Investor Relations Manager Phone: +49 (0)30 / 42086 - 1942 Mobile: +49 (0)176 / 965 125 19 Email: firstname.lastname@example.org Hypoport SE Heidestraße 8 10557 Berlin www.hypoport.com Key data on Hypoport's shares ISIN DE 0005493365 WKN 549336 Stock exchanges symbol HYQ 24.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: HYPOPORT SE Heidestraße 8 10557 Berlin Germany Phone: +4930420861942 Fax: +49/30 42086-1999 E-mail: email@example.com Internet: www.hypoport.de ISIN: DE0005493365 WKN: 549336 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1150129 End of News DGAP News Service