Category Archives: Financial

Financial

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Loans, Money, Revenues, Trading

Digi Communications N.V.’s Romanian and Spanish subsidiaries sign facility agreements

BUCHAREST, Romania, 27-Jul-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform its investors and the market that on 21 and 26 July 2021, the Company’s Romanian and Spanish subsidiaries, each acting as borrowers, entered into two facility agreements.

As per the Senior Facility Agreement from December 15, 2020 the details of which were disclosed at that point to the market (please see https://bvb.ro/FinancialInstruments/SelectedData/NewsItem/DIGI-Contractul-de-Facilitate-Senior-incheiata-la-15-decembrie-2020/D0599), an incremental facility was made available to RCS&RDS, which could be established in accordance with the terms and limits set within the Senior Facilities Agreement. Therefore, pursuant to the Senior Facilities Agreement, on 21 July 2021, the Company’s Romanian subsidiary requested the establishment of an incremental facility in an aggregate amount of RON 500,000,000 (the “Incremental Facility”) to be used for the company’s capital expenditure and general corporate purposes. The facility was entered into, besides RCS&RDS as borrower, by and between DIGI Tavkozlesi es Szolgaltato Korlatolt Felelossegu Tarsasag („Digi Hu”), INVITEL Tavkozlesi Zrt (“Invitel”), the Company, Digi Spain Telecom SLU (“Digi Spain”), as original guarantors on one hand and the Original Lenders and BRD-Groupe Société Générale S.A., on the other. The Incremental Facility is not yet drawn. It is available to be drawn at a later stage.

On 26 July 2021, the Company’s Spanish subsidiary, acting as borrower together with the Company, RCS&RDS, Digi Hu and Invitel, as Original Guarantors, Banco Santander S.A. and a syndicate of banks, acting as lenders, entered into a facilities agreement for an initial duration of three and a half years with the possibility of extension up to 5 years, under which Digi Spain was made available: (i) a term loan facility in a total aggregate amount of EUR 57,000,000; (ii) a term loan facility in a total aggregate amount of EUR 65,000,000; and (iii) a revolving facility in a total aggregate amount of EUR 10,000,000 to be used for several purposes, including CAPEX and general corporate purposes.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

Business, Financial, Financial Services, Funding, Funds, Investment

Cap Expand Partners announce fresh new approach to business acquisitions, financing and exit strategies

RIEMST, Belgium, 27-Jul-2021 — /EPR FINANCIAL NEWS/ — Financial consulting company Cap Expand Partners are pleased to announce a fresh new approach to business acquisitions, financing, and exit strategies. The company offers exciting windows of opportunity for mid-sized businesses considering expansion overseas, particularly in the Netherlands, Belgium and Luxemburg (Benelux), and also for independent, fundless sponsors.

According to Managing Director Sergio van Luijk, Cap Expand Partners have the experience to help businesses with insufficient resources or local expertise manage cross-border acquisitions. The company’s network of debt and equity providers are also proving invaluable to independent sponsors, for whom raising capital on a deal-by-deal basis can be time-consuming, leading to many missed transaction opportunities.

“The independent (or fundless) sponsor model is still a novelty concept, and many individuals working on transactions fail to raise the necessary funding on time,” says van Luijk, “which can be detrimental to their reputation in future deals. That’s why we encourage them to discuss financing options with us before signing a letter of intent.”

As pandemic-related lockdown measures subside, many companies are renewing their quest for growth abroad. Due to Brexit, an increasing number of foreign companies are now setting down roots in the Benelux when expanding to Europe:

“The U.K. is no longer a first port of call for many of our international clients seeking to gain foothold in Europe,” adds van Luijk. “Most companies we speak with were previously unaware of the Benelux’ favorable investment climate, which is why we are temporarily offering qualified companies affordable market entry and business valuation quickscans.”

Cap Expand Partners’ Corporate Development & Acquisition Services build upon the client’s existing strategy. At this time, the company will educate the client on local market considerations, assess the industry potential, analyze possible entry strategies, and if applicable, identify and approach potential acquisition targets. Cap Expand Partners will then manage the deal process, value the company, coordinate with existing in-house and external local counsel, draft offer letters, and conduct negotiations. Post-closing assistance and capital raisings are also offered as required.

Cap Expand Partners also help raise capital on behalf of independent sponsors. Unlike traditional private equity teams, these are experienced individuals who do not have a dedicated pool of funds and raise financing on a deal-by-deal basis to acquire and manage companies. This allows the client to focus on sourcing new deals, and creating value for the companies that they already own. Additionally, Cap Expand Partners educate their investor network on independent sponsor economics, create credibility towards counterparties, and ultimately streamline these complex transactions. The company recently published an article on the independent sponsor model.

For more information about Cap Expand Partners, or to arrange a consultation, visit the website at www.cap-expand.org.

SOURCE: EuropaWire

Financial, Funding, Insurance, Insurance Services, Investment

Hong Kong’s Innovation and Technology Venture Fund part of insurtech startup Ignatica’s Pre-A round of financing

ZÜRICH, 7-Jul-2021 — /EPR FINANCIAL NEWS/ — Ignatica, the insurance policy administration platform that offers digital self-service and intelligent automation solutions for insurers, is excited to announce that the Innovation and Technology Venture Fund (ITVF) has become its strategic investor.

The ITVF is a HK$2 billion fund established in 2017 by the Hong Kong Special Administrative Region (HKSAR) Government to co-invest with selected venture capital funds in local innovation and technology (I&T) start-ups.

“Becoming a portfolio company of the ITVF is core to Ignatica’s love and commitment to Hong Kong and its burgeoning start-up and technology sector,” said Ignatica President and Co-Founder, Travis Callahan.

As the first insurtech investment made by the ITVF, Ignatica’s platform lets insurers quickly and efficiently build and launch new products at low cost, while drastically reducing administration costs and transforming the servicing experience for consumers.

“The investment aligns with the ITVF’s primary objective to support the development of I&T start-ups in Hong Kong. We look forward to supporting Ignatica’s innovative work that creates new markets and value for the insurance industry,” said an ITVF spokesperson.

As of July 7, 2021, the ITVF has invested US$1.75 million in Ignatica.

“As a lifelong Hong Konger, it means a great deal to me to enter into this partnership with the city,” said Ignatica CTO and Co-Founder Adhish Pendharkar. “Ignatica is a reflection of the diversity, innovation, and sense of community of Hong Kong.”

Ignatica’s suite of SaaS offerings allows insurance product managers to create and edit coverages and plans, dynamically adjust pricing, and change product configurations in seconds. They also enable servicing and back-office operations to be automated and pushed to the front edge for digital self-service for even the most complex insurance products.

“The ITVF is an ideal investor as we continue to scale our business globally,” said Manuel San Miguel, Ignatica’s CEO and Co-Founder. “It’s an honor to be chosen by the city’s own, premiere investment fund.”

“We welcome the Innovation and Technology Venture Fund to join as a co-investor of Ignatica. We believe Ignatica will be better positioned growing in the Hong Kong market, and in turn contributing to Hong Kong’s fintech industry,” said Ming Shu, Partner of Lingfeng Capital. “As the lead investor of the company’s Pre-A round of financing, we are very pleased to introduce Ignatica to the ITVF. Moving forward, we aspire to continue our post-investment value-add to our portfolio companies and together building the future of insurance technology in the Greater China region and beyond.”

ABOUT IGNATICA (www.ignatica.io/)

Ignatica was founded in 2018 by Manuel San Miguel, former Manulife CTO for APAC, fellow technology and insurance industry veteran, Adhish Pendharkar, and longtime C-suite executive and entrepreneur Travis Callahan. Its core platform technology enables insurers to profitably provide every person on the planet the type of insurance they need, at the price they can afford, with the service and speed that today’s customers expect.

ABOUT INNOVATION AND TECHNOLOGY VENTURE FUND (https://www.itf.gov.hk/en/funding-programmes/supporting-start-ups/itvf/)

The ITVF is a HK$2 billion fund established by the HKSAR Government in 2017 with a view to attracting more private capital to invest in local I&T start-ups, thereby creating a more vibrant I&T ecosystem in Hong Kong. The ITVF will co-invest with selected co-investment partners at a matching investment ratio of approximately 1 to 2.

ABOUT LINGFENG CAPITAL (www.lingfengcap.com/)

Lingfeng Capital is a growth capital private equity fund for the fintech sector in the Asia Pacific, particularly in the Greater China region. Its focus is on real applications and underlying tech for the finance industry. Its vision is to become the leading innovative tech fund management company and to facilitate growth and success for the next generation of entrepreneur-driven fintech companies.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment, Stocks, Trading

Digi Communications N.V. Executive Director Valentin Popoviciu exercised his stock options on May 27 2021

BUCHAREST, Romania, 28-May-2021 — /EPR FINANCIAL NEWS/ — The Company would like to inform the market and its investors that on May, 27, 2021, Mr. Valentin Popoviciu, Executive Director of the Company, has exercised his stock options, which have vested in accordance with the provisions of the Company’s stock option plan and which were granted pursuant to the decision of the Company’s general meeting of shareholders dated 30 April 2020 and in relation to which the abovementioned person and the Company have concluded stock option agreement on 14 May 2020. In accordance with this stock option plan, Mr. Valentin Popoviciu was granted 50,000 shares.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on 27 May 2021, Mr. Valentin Popoviciu, as person discharging managerial responsibilities in connection with the Company, has notified the Company and the Romanian Financial Supervisory Authority in connection with the exercise of the stock options.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications NV publishes the instructions on the 2020 share dividend payment

BUCHAREST, Romania, 24-May-2021 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform its shareholders and the market that, on 24 May 2021, were made available the detailed instructions regarding the payment of the dividend in gross amount of 0.75 lei per share, as approved by the Company’s general shareholders’ meeting from 18 May 2021.

The detailed instructions on the payment of the dividend are available on the Company’s
website, at the relevant „GSM” section:
https://www.digi-communications.ro/en/corporate/general-share-holders

For additional information, please contact us at: investor.relations@digi-communications.ro

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Stocks, Trading

Digi Communications NV grants conditional stock options to several of its Directors

BUCHAREST, Romania, 20-May-2021 — /EPR FINANCIAL NEWS/ — The Company would like to inform the market and its investors that, on 19 May 2021, Mr. Serghei Bulgac (Chief Executive Officer and Executive Director of the Company), Mr. Valentin Popoviciu (Executive Director of the Company) and Mr. Bogdan Ciobotaru (Non-Executive Director of the Company) have been granted by the Company conditional stock options pursuant to the decision of the Company’s general meeting of shareholders dated 18 May 2021. The total number of options of class B shares granted as part of this stock option plan (applicable for the year 2021) amounts to 160.000. The further vesting of all option shares granted will be conditional upon several performance criteria and the passage of a minimum duration of 1 year.

More details regarding the stock options granted to each of the above-mentioned Directors are available on the Company’s website at https://www.digi-communications.ro/en/see-file/Agenda-and-explanatory-notes-1.pdf (the Agenda and Explanatory notes published by the Company on 6 April 2021, Annex I and II).

In accordance with the applicable regulations, on 19 May 2021, Mr. Serghei Bulgac, Mr. Valentin Popoviciu and Mr. Bogdan Ciobotaru, as persons discharging managerial responsibilities in connection with the Company, have notified the Company and the Romanian Financial Supervisory Authority in connection with the grant of the above-mentioned stock options and the execution between each of them and the Company of corresponding stock option agreements.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. 2021 General Shareholders Meeting adopted decisions

BUCHAREST, Romania, 18-May-2021 — /EPR FINANCIAL NEWS/ — The Company would like to inform the market and its investors that today, Tuesday, 18 May 2021, at 14:00 PM CEST, at the offices of Freshfields Bruckhaus Deringer LLP, Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, took place the Company’s general shareholders’ meeting (the GSM) with respect to which the Company informed its shareholders and the market through the Convocation notice released on 6 April 2021 (the Convocation Notice).

The GSM was attended – either in person or by representative – by shareholders representing 73.54%of the total number of shares with voting rights, respectively 69,656,100 shares.

Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, in accordance with the Convocation Notice:

2. The Annual Report of the Company for 2020 (item 2 from the Convocation Notice):

c. Adoption of the 2020 Annual Accounts;
d. Distribution of dividend – based on the approval, the Company will distribute a gross dividend of 0.75 RON per share, ex-date – 2 June 2021 and the record date being 3 June 2021. It is expected that the payment date will be on or around 14 June 2021;
e. Release from liability of the members of Board of Directors.
The investors and the market were informed of the 2020 financial results by the publication of the 2020 annual report on 6 April 2021.

3. Remuneration Report for 2020

The general meeting approved by an advisory vote the Remuneration Report for 2020 made public on the Company’s website. The Remuneration Report for 2020 is construed according to the provisions of EU Directive 828/2017 as implemented in The Netherlands.

4. Appointment of Statutory Auditor – Ernst & Young Accountants, LLP, Netherlands.

5. Designation of the Board of Directors as the competent body to repurchase own Class B Shares – based on this approval, the Board of Directors shall have the authority to acquire class B shares through purchases effected on the stock exchange, for the purposes of being granted to statutory executive directors, managers and employees of the group under the various stock option plans approved or to be approved by the Company, in accordance with the applicable legal provisions, for a period of 12 months from the date of the AGM (i.e., up to and including 18 May 2022).

The authority of the Board of Directors shall be limited to a maximum of up to 10% of the issued class B share capital at the close of trading on the Regulated Spot Market of the Bucharest Stock Exchange on the date of the AGM, 18 May 2021. The maximum purchase price per class B share shall at no times be higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the Regulated Spot Market of the Bucharest Stock Exchange. The purchases will not exceed, on any trading day more than 25 % of the average daily volume of the shares on the Regulated Spot Market of the Bucharest Stock Exchange on which the purchase is carried out, as defined in article 3 para. (3) from Regulation (EU) 2016/1052 of 8 March 2016.

The Board of Directors intends to appoint an independent specialized trading / brokerage firm to execute any such buy-back.

6. Approval of award of stock options to executive and non-executive directors

The Board of Directors is authorized to decide upon the award stock options to acquire class B shares in the capital of the Company to executive and non-executive directors subject to the criteria of the Company’s Share Option Plan (the details of which can be found on the Company’s corporate website www.digi-communications.ro).

The voting results of the GSM, as well as other relevant information on the GSM and the related documents are available on the Company’s website at the section dedicated to the GSM:
https://www.digi-communications.ro/en/corporate/general-share-holders/digi-communications-n-v-gsm-2021

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Services, Financial Statements, Investment, Money, Profits, Revenues, Stocks, Trading

Digi Communications N.V. releases its financial results for the first quarter of 2021

BUCHAREST, Romania, 14-May-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the Q1 2021 Financial results are available on the Company’s website. For more details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares

Also, on 17 May 2021 at 14:00 UK time/ 16:00 EEST (Romania local time) it will host a conference call to discuss the Q1 2021 Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 17 May 2021.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Taxes

Digi Communications N.V. amends its 2021 Financial Calendar

BUCHAREST, Romania, 6-May-2021 — /EPR FINANCIAL NEWS/ — DIGI COMMUNICATIONS NV would like to inform its investors and the market that an Amendment to the 2021 Financial Calendar, is available on the Company’s official website (Investor Relations Section/Financial Calendar):
https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. to host Q1 2021 Financial Results conference call on 17 May 2021

BUCHAREST, Romania, 6-May-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 17 May 2021 at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss the Q1 2021 Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time / 14:00 EEST (Romania local time) on 17 May 2021.

A recording of the conference call will be available on our website for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

Business, Financial, Financial Services, Financial Software, Forex, Investment, Stocks, Trading

ITFX GROUP launched the ITGFX development strategy plan and entered the Asian market

KUALA LUMPUR, Malaysia, 2021-Apr-17 — /EPR FINANCIAL NEWS/ — As a high-tech company ITFX GROUP INC has an algorithm system and advanced IT infrastructure providing large-scale development and various services. With the development prospects of the foreign exchange industry becoming more and more favored by investors, the company launched the ITGFX development strategy plan began to move towards internationalization and now has an international foreign exchange business.

Our team of experienced programmers has developed a lot of software for the foreign exchange market, CFD and cryptocurrency market. The solution developed exclusively by our experts is combined with the current largest liquidity provider (quotation). It is designed for arbitrage trading and provides a complete solution for arbitrage of products such as foreign exchange, CFDs and cryptocurrencies, allowing you to easily obtain Profit.

ITFX GROUP INC is one of the few financial technology companies that directly connect to exchange data. Therefore, our customers can get the fastest, most reliable and most accurate quotation. In addition to its own use, the solution has also become a trusted arbitrage trading tool for many large institutional traders. ITGFX’s high-quality, reliable and outstanding customer service has created a good reputation. Due to our persistence in technology excellence, we are currently the most trustworthy foreign exchange company.

ITGFX technical support includes commercial and non-profit organizations and customer groups all over the world. The persistent pursuit and attention to quality has allowed the company to achieve more than 15 years of continuous profitability, which is rare in this highly competitive industry. Relying on the professional background of the investment research team, unique and objective value concepts, and a mature and complete research system, a number of well-known overseas funds have been launched to assist high-net-worth clients to obtain stable returns, avoid the risk of RMB depreciation, and achieve global asset allocation.

In order to comply with the strong market demand and development, in Southeast Asia, Malaysia set up an ITGFX operation center to serve the Southeast Asian market and operate the foreign exchange business. To fully expand the global market, ITGFX welcomes you to join us. We are committed to serving every high-quality partner and creating an industry benchmark.

NOW! ITFX GROUP launched the ITGFX development strategy plan and entered the Asian market. 

Via EPR Network
More Financial press releases

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V.’s 2021 Annual General Shareholders Meeting will be held on 18 May 2021

BUCHAREST, Romania, 6-Apr-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that today, 6 April 2021, the Board of Directors of the Company convenes the general shareholders meeting (the “GSM”) of the Company (Digi Communications N.V.), to be held on Tuesday, 18 May 2021 at 14:00 p.m. CEST (15:00 p.m. EEST), at the offices of Freshfields Bruckhaus Deringer LLP (Amsterdam office), Strawinskylaan 10, 1077 XZ Amsterdam, The Netherlands.

The main topics for the GSM are the following:

-discussion and approval items on the 2020 Annual Report (including the annual report, the financial statements – consolidated and stand-alone – and the auditor report);
-approval of the distribution of a gross dividend of RON 0.75 per share; ex-date – 2 June 2021, the record date for the dividend – 3 June 2021, and the payment date on or around – 14 June 2021;
-release from liability of the members of the Board of Directors;
-remuneration report for 2020 (advisory, non-binding vote);
-appointment of the statutory auditor for the the financial year ending December 31, 2021;
-designation of the Board of Directors as the competent body to repurchase own Class B Shares;
-approval of award of stock options to executive and non-executive directors.

We kindly invite the market to visit the Company’s website at
http://www.digi-communications.ro/en/general-share-holders (for English readers) and at http://www.digi-communications.ro/ro/aga (for Romanian readers) to review the documentation package for the GSM.

The above-mentioned section from the Company’s website also contains the English and Romanian complete versions of the 2020 Annual Report, the 2020 Consolidated and Stand-alone Financial Statements of the Company, as well as the Independent Auditor’s Report.

The document named ‘Agenda and explanatory notes’ contains detailed descriptions regarding the items for the GSM.

Any shareholder interested in attending or voting at the GSM needs to follow the procedures set out in the articles of association of the Company (available at http://www.digi-communications.ro/en/corporate-governance) and on the ‘Convocation Notice’ available at http://www.digi-communications.ro/en/general-share-holders).

Also, the Company would like to announce that Digi Communications N.V. Group’s Annual Report for the year ended December 31, 2020 is available starting with April, 6 2021 also on the Company’s website (www.digi-communications.ro), under the section Investor Relations.

ANNUAL GENERAL MEETING OF DIGI COMMUNICATIONS N.V. (THE COMPANY) TO BE HELD ON TUESDAY, 18 MAY 2021, AT 14:00 PM CEST AT THE OFFICES OF FRESHFIELDS BRUCKHAUS DERINGER LLP (AMSTERDAM OFFICE), STRAWINSKYLAAN 10, 1077 XZ AMSTERDAM, THE NETHERLANDS

AGENDA

1. Opening
2. Annual Report 2020

a. Board report 2020 (discussion item)
b Dividend and Reservations Policy (discussion item)
c. Adoption of the 2020 Annual Accounts (voting item)
d. Distribution of dividend (voting item)
e. Release from liability of the members of Board of Directors (voting item)

3. Remuneration Report for 2020
Remuneration Report for 2020 (advisory, non-binding vote)
4. Appointment of Statutory Auditor
Proposal to appoint Ernst & Young Accountants, LLP, Netherlands as the statutory auditor of the Company for the financial year 2021 (voting item)
5. Designation of the Board of Directors as the competent body to repurchase own Class B Shares
Designation of the Board of Directors as the competent body to repurchase Class B Shares (voting item)
6. Approval of award of stock options to executive and non-executive directors. Authorize the Board of Directors to decide upon the award of stock options to executive and non – executive directors of the Company (voting item)

7. Close of Meeting

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Further amendment in Digi Communications N.V. 2021 Financial Calendar

BUCHAREST, Romania, 31-Mar-2021 — /EPR FINANCIAL NEWS/ — Digi Communications NV would like to announce the investors and the market that there has been an amendment regarding its 2021 Financial Calendar. Due to recent developments, the Company’s procedure for internal approval and audit of the different sections of the 2020 Annual Report had to be delayed.

The Company thus announces a new financial calendar, stipulating a new date for the publication of the 2020 Annual Report and a new date for the General Meeting of Shareholders available on the Company’s official website (Investor Relations Section/Financial Calendar), at the following link: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues

Hungary: 4iG Plc. to acquire DIGI Távközlési Szolgáltató Ltd.

BUDAPEST, Hungary, 29-Mar-2021 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform its investors and the market that on March 29, 2021 the Company’s Romanian subsidiary and 4iG Plc. (4iG Plc.) one of the leading companies of the Hungarian IT and ICT market, entered into a preliminary, non-binding agreement regarding the acquisition of DIGI Távközlési Szolgáltató Ltd. (Digi Hungary) and its subsidiaries, Invitel Ltd. and I TV Ltd. Pursuant to the understanding of the parties, 4iG would acquire a 100 percent stake in Hungary’s leading telecommunications and media service group. The acquisition is aimed to be completed by September 2021, subject to due diligence of Digi Hungary and its subsidiaries, the signing of a sale and purchase agreement, and the necessary competition authority approvals.

Digi Hungary is a leading telecommunications service provider in Hungary, with 23 years of experience and a broad service portfolio covering cable TV, fixed internet and data, mobile telecommunication services, fixed-line telephony and Direct To Home (DTH) services. It serves more than 1.1 million subscribers nationwide and has over 2.5 million Revenue Generating Units (RGUs) as of 31 December 2020.

In 2020, Group’s consolidated sales revenue in Hungary was HUF 70 billion (approx. EUR 200 million) and its adjusted EBITDA reached HUF 19 billion (approx. EUR 54 million).

4iG Plc. is one of the leading companies of the Hungarian IT and ICT market, plays a leading role in Hungary’s knowledge-based digital economy. 4iG has been present in the field of industry and industry-independent innovative technologies for more than 25 years.

SOURCE: EuropaWire

Business, Financial, Financial Information, Investment, Stocks, Trading

Digi Communications N.V. CEO Serghei Bulgac sold 4952 class B shares held in the Company’s share capital

BUCHAREST, Romania, 17-Mar-2021 — /EPR FINANCIAL NEWS/ — The Company would like to inform the market and its investors that, in accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, Mr. Serghei Bulgac, Chief Executive Officer and Executive Director of the Company, notified the Company in connection with the sale, during 12 March and 15 March 2021, of a number of 4952 class B shares held in the Company’s share capital.

In connection with this transaction, Mr. Serghei Bulgac notified also the Romanian Financial Supervisory Authority (ASF) and the Dutch Authority for the Financial Markets (AFM). Mr. Serghei Bulgac fulfilled the notification requirements under the Company’s internal policies.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

Business, Financial, Financial Services, Funding, Funds, Investment, Venture Capital

NASDAQ listed Ideanomics buys minority stake in Italian manufacturer of high performance electric motorcycles

 NEW YORK, 9-Mar-2021 — /EPR FINANCIAL NEWS/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce it has acquired 20% of Italian Energica Motor Company S.p.A. (Energica) for the consideration of $13.2 million. It develops high performance 100% battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market. This investment marks continued investment in European-based OEM.

“Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy’s Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility. We are very impressed with Livia and her team, and we look forward to supporting them through their next phases of growth,” said Alf Poor, CEO of Ideanomics.

The rapid increase of EV sales that began in 2019 has continued to gain momentum over the past year. The global high performance electric motorcycle market is growing at a CAGR of over 35% from 2019-2024. With its state-of-the-art battery technology development, Energica was chosen by Dorna as a single manufacturer for the FIM Enel MotoE™ World Cup. With this partnership, Energica has been able to test new battery solutions and innovations in extreme conditions with the best riders in the world to advance its high-performance battery technology.

“We are proud to be part of this unified global platform”, says Livia Cevolini, CEO of Energica Motor Company S.p.A. “Ideanomics’ network of innovative companies will help accelerate the growth and adoption of new EV technologies such as Energica. We look forward to leveraging Ideanomics to capture market share in the rapidly growing global electric motorcycle market”.

For more information, visit: ideanomics.com and energicamotor.com.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Stocks, Trading

Changes in Digi Communications N.V. 2021 Financial Calendar

BUCHAREST, Romania, 10-Mar-2021 — /EPR FINANCIAL NEWS/ — DIGI COMMUNICATIONS N.V. would like to inform its investors and the market that an Amendment to the Financial Calendar for 2021 is available on the official website (Investor Relations Section/Financial Calendar): https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

SOURCE: EuropaWire

Accounting, Assets, Banks, Business, Commodities, Financial, Financial Services, Financial Software, Financial Solutions, Investment, Personal Finance, Retirement

A Neowintech é um marketplace financeiro que tem por base uma filosofia de simplicidade, rapidez e conveniência

LISBON, 26-Feb-2021 — /EPR FINANCIAL NEWS/ — A Neowintech é um marketplace financeiro que tem por base uma filosofia de simplicidade, rapidez e conveniência. Ao estabelecer parcerias com vários prestadores de serviços financeiros, consegue dar acesso a um leque alargado de soluções para cada etapa da vida das pessoas.

Através de um perfil digital único que pode ser criado em menos de 5 minutos, os utilizadores conseguem aceder a produtos inovadores fornecidos por entidades terceiras, desde soluções de investimento a planos de pensões, hipotecas, e fundos de investimento – oferta essa que irá futuramente incluir mais serviços.

O resultado é um ponto central de gestão de finanças pessoais, com uma base tecnológica sólida e segura, a que toda a gente pode aceder de maneira completamente gratuita.

Sendo totalmente digital, cada parte da vida financeira de cada um pode ser acedida, gerida e impulsionada através do smartphone, dispensando qualquer tipo de papelada ou deslocações a locais físicos.

Ao selecionar cuidadosamente parceiros adequados, simplificar processos e melhorar a eficiência ao longo de toda a linha, a Neowintech pretende dar mais opções a mais pessoas, num processo de democratização de ferramentas e soluções que, ou estavam reservadas a um número limitado de pessoas, ou eram de tal modo complicadas que acabavam por contribuir para uma gestão financeira desnecessariamente não otimizada.

Em linha com esta filosofia, o processo de registo é também ele rápido e fácil. Basta fornecer o endereço de email e alguma informação pessoal. Isto inclui alguma documentação que tem o objetivo de validar a identidade do cliente, pelo que todos os requisitos de cada documento deverão ser lidos com atenção.

Este é um novo período de possibilidades financeiras. O alargamento do acesso é um dos pontos centrais da Era da Informação, e não há motivo para deixar a gestão financeira do lado de fora. Porque este é um assunto que deve estar presente para todas as pessoas. Torná-la mais fácil é mais do que uma preocupação de negócio para a Neowintech. É também uma missão, permitindo que cada vez mais pessoas possam melhorar as suas circunstâncias, sejam elas como forem.

SOURCE: EuropaWire

Accounting, Assets, Banks, Business, Commodities, Financial, Financial Information, Financial Management, Financial Services, Financial Software, Financial Solutions, Investment, Mortgage, Retirement

Neowintech è un marketplace finanziario costruito attorno a una filosofia di semplicità, velocità e convenienza

ROME, 26-Feb-2021 — /EPR FINANCIAL NEWS/ — Neowintech è un marketplace finanziario costruito attorno a una filosofia di semplicità, velocità e convenienza. Stabilendo partnership con diversi fornitori di servizi finanziari, è in grado di offrire l’accesso a una gamma completa di soluzioni per le molteplici e diverse fasi della vita delle persone.

Sotto un unico profilo digitale che può essere creato in meno di 5 minuti, gli utenti possono accedere a prodotti innovativi forniti da partner terzi, incluse soluzioni di investimento, piani pensionistici, mutui e fondi di investimento – con ulteriori servizi in arrivo in futuro.

Il risultato è un punto centrale della gestione delle finanze personali, solidamente costruito su una tecnologia sicura, a cui tutti possono accedere facilmente e completamente gratuito.

Essendo completamente digitale, è possibile accedere, gestire e migliorare ogni aspetto della propria vita finanziaria attraverso il proprio smartphone, senza bisogno di scartoffie o di recarsi a una sede fisica.

Selezionando attentamente i partner adatti, semplificando i processi e migliorando l’efficienza dall’inizio alla fine, Neowintech mira a portare più opportunità a più persone, democratizzando efficacemente l’accesso a strumenti e soluzioni che in precedenza erano riservati a un numero limitato di persone, oppure talmente complicati da lasciare la gestione finanziaria personale inutilmente sotto ottimizzata.

In linea con la sua filosofia, anche l’iscrizione è molto semplice e veloce. E’ sufficiente fornire un indirizzo email e alcune informazioni personali. Ciò include fornire documenti al fine di garantire la corretta identificazione del cliente, quindi tutti i requisiti i termini di documentazione devono essere letti attentamente.

Questa è una nuova era di possibilità finanziarie. Un maggiore accesso alle nuove opportunità è uno degli elementi fondamentali dell’Era dell’Informazione e non c’è motivo per cui la gestione del denaro debba esserne esclusa. Perché si tratta di qualcosa che dovrebbe essere nella mente di tutti. Rendere più facile per le persone farlo non è solo una preoccupazione aziendale per Neowintech, ma anche una missione in modo che più persone possano migliorare la propria situazione, indipendentemente da dove si trovano.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment, Money, Stocks, Trading

Digi Communications NV 2020 Preliminary Financial Results published

BUCHAREST, Romania, 23-Feb-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the 2020 Preliminary Financial Results are available on the Company’s website.

For more details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/annual-reports-shares

Also, on 24 February 2021 at 14:00 UK time/ 16:00 EEST (Romania local time) it will host a conference call to discuss the 2020 Preliminary Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 24 February 2021.

SOURCE: EuropaWire