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- 10/30/18--12:07: _MOMO Partners With ...
- 10/30/18--12:26: _Death toll rises to...
- 10/30/18--12:26: _Eurozone Growth Sli...
- 10/31/18--08:40: _Putin and Trump wil...
- 10/31/18--08:45: _Chelsea and Spurs f...
- 10/31/18--09:26: _Severe flooding cau...
- 10/31/18--09:08: _Cyber Security 1 AB...
- 10/31/18--09:17: _Foresight Solar & I...
- 10/31/18--09:27: _Venice's worst floo...
- 10/31/18--09:36: _Crop Infrastructure...
- 10/31/18--10:07: _Solutions 30 : Nomi...
- 10/31/18--10:08: _Celebrate white tru...
- 10/31/18--10:33: _Wolves line up doub...
- 10/31/18--10:14: _Newgioco Recognized...
- 10/31/18--11:55: _Italy's populist go...
- 10/31/18--12:33: _World Cup winner Ia...
- 10/31/18--12:39: _Flooding damages St...
- 10/31/18--12:52: _Solari's journey to...
- 10/31/18--12:55: _News24.com | WATCH:...
- 10/31/18--12:56: _AppleCare+ for Mac ...
- 10/30/18--12:26: Death toll rises to 11 as storms hammer Italy
- 10/30/18--12:26: Eurozone Growth Slips to Four-Year Low, Fueling Crisis Fears
- 10/31/18--08:40: Putin and Trump will be looking for Xi Jinping in Paris
- 10/31/18--09:26: Severe flooding causes Italy bridge collapse
- 10/31/18--09:08: Cyber Security 1 AB: Third Quarter Report Ending 30 September 2018
- 10/31/18--09:17: Foresight Solar & Infrastructure VCT plc - Annual Financial Report
- 10/31/18--10:07: Solutions 30 : Nominal share value divided by four
- 10/31/18--10:33: Wolves line up double January transfer window swoop - report
- 10/31/18--12:39: Flooding damages St Mark's Basilica in Venice
- 10/31/18--12:52: Solari's journey to Real Madrid began with an American detour
- 10/31/18--12:55: News24.com | WATCH: Italian storm destroys hundreds of cars
EMBARGO for TUESDAY, OCTOBER 30, 2018 1:00PM PDT/ 4:00PM EDT
Kansas City, MO, Oct. 30, 2018 (GLOBE NEWSWIRE) -- MOMO is pleased to announce a special steering wheel celebrating Hot Wheels’ 50th Anniversary. Designed as an exclusive collaboration between MOMO and Hot Wheels for use on Hot Wheels life-size fleet of vehicles. This limited edition steering wheel is now available to collectors worldwide for purchase at hotwheels.momo.com and retails for $399.95. It will be unveiled at SEMA 2018 and available to order for a limited period.
Based on the classic MOMO Prototipo design, the MOMO X Hot Wheels steering wheel is wrapped in genuine Alcantara, which is cross stitched by hand in Italy using Hot Wheels 50th Anniversary gold thread. The official Hot Wheels logo is laser-etched onto the spokes while the horn button features the Hot Wheels 50th Anniversary logo. The specialty product is beautifully packaged in a commemorative box to enhance its collectability.
Throughout the year, MOMO worked closely with Hot Wheels lead designers to develop a matching steering wheel and shift knob for life-size Hot Wheels cars such as Bone Shaker and Rip Rod. The result was 50 serialized steering wheels and shift knobs, which were given to Mattel to outfit the Hot Wheels fleet both present and future. However, it soon became apparent to everyone involved that both Hot Wheels and MOMO collectors might want to take part in this historic partnership.
Fans of MOMO and Hot Wheels can now purchase non-serialized versions of the limited edition steering wheel that adorns the life-size Hot Wheels cars.
The MOMO X Hot Wheels steering wheel can only be ordered online and for a limited period from hotwheels.momo.com – global order fulfillment will begin early 2019.
The MOMO X Hot Wheels steering wheel and shift knob will be unveiled at SEMA 2018 in the MOMO booth #20365 in Central Hall on Tuesday, October 30 at 1:00PM. It will be showcased on a unique center-steer Porsche Boxman, conceived and engineered by Bisi Ezirioha from Bisimoto Engineering. Bone Shaker, Rip Rod and the Hot Wheels loop cars will also feature the MOMO X Hot Wheels steering wheel and shift knob during the 2018 SEMA show and can be found in booth #61045 in Silver Lot 1.
“With MOMO recently celebrating its 50th Anniversary we fully understand the importance of such a milestone,” said Henrique Cisneros, chairman of MW Company. “We’re incredibly proud to help such an iconic brand as Hot Wheels commemorate not only 50 years of history but 50 years of inspiring fans of all ages.”
SEMA 2018 attendees are invited to visit the MOMO booth to see the MOMO X Hot Wheels steering wheel, shift knob and many more new products.
Visit momo.com for product information and hotwheels.momo.com to order the limited edition MOMO X Hot Wheels steering wheel.
*Members of the media are invited to attend the MOMO booth #20365 unveiling at 1:00PM on Tuesday. High-resolution media images are available here: https://drive.google.com/drive/folders/1N0YSWAwnBkZpp-LEb6_RSKq8agfpl45Y?usp=sharing
Mattel is a leading global children's entertainment company that specializes in design and production of quality toys and consumer products. We create innovative products and experiences that inspire, entertain and develop children through play. We engage consumers through our portfolio of iconic franchises, including Barbie®, Hot Wheels®, American Girl®, Fisher-Price® and Thomas & Friends®, as well as other popular brands that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming, music and live events. We operate in 40 locations and sell products in more than 150 countries in collaboration with the world's leading retail and technology companies. Since its founding in 1945, Mattel is proud to be a trusted partner in exploring the wonder of childhood and empowering kids to reach their full potential. Visit us online at www.mattel.com.
*Founded in 1964 by racecar driver Gianpiero Moretti, MOMO revolutionized the motorsport world when it introduced the first thick grip steering wheel in Formula 1. The trend rapidly expanded into the automotive aftermarket and into the most prestigious automotive brands in the world as an OEM supplier. Now with more than 50 years of heritage, MOMO has vastly grown its product line to include motorsports safety products, road wheels, tires and tuning accessories. Headquartered in Milan Italy, the MOMO brand continues to be inspired by simple yet strong values: product quality, superior craftsmanship, maximum safety standards and the highest performance levels. MOMO is part of MW Company brand portfolio. To learn more, please visit www.momo.com.
*ABOUT MW COMPANY
*Blending tradition and innovation to capture the imagination of the driving enthusiast, MW Company is a design, engineering and marketing company with a portfolio of leading brands in the automotive lifestyle and motorsport industry including, ADV.1, Driven Motorsports, CCW Forged Performance, Forgestar, HiPer Technology, MOMO, Reds, Tikore and WELD Racing brands. Headquartered in Kansas City, MO, the company operates facilities in Anaheim, CA, and Milan Italy, and employs more than 200 people worldwide. The company was founded in 2018.
*FOLLOW MOMO ONLINE
· _MOMO_HW_Box_on_White_V2_FLAT copy
· 50th Launch
CONTACT: Heather Tausch
email@example.com Reported by GlobeNewswire 36 minutes ago.
Violent storms battered Italy for a third consecutive day on Tuesday, killing at least 11 people, and flooding much of Venice.
Reported by Reuters India 17 minutes ago.
Growth in Italy fell to zero, raising further questions about a government spending plan that was based on rosier projections for growth.
Reported by NYTimes.com 17 minutes ago.
Vladimir Putin and Donald Trump are going to meet in Paris on November 11? Is the meeting going to be incidental? Rumours about the imminent death of globalism, predicted during Valdai Club sessions, turned out to be half truth. Globalism will remain, but it will take a new shape. This is the main intrigue of the Paris summit. What does November 11 mean for France, Russia and the USA? The new full-fledged meeting between presidents of Russia and the United States will be held in Paris on November 11. The meeting will be held as part of celebrations of the centenary of World War One.During WWI, France and Russia were allies against Germany, Italy and Austria-Hungary. The war continued from 1914 to 1918 and claimed the lives of 18.6 million people, including soldiers from the Russian Expeditionary Corps, who defended the Champagne-Ardenne region together with the French troops. On November 11, 1918, an agreement was signed to put an end to hostilities. The papers were signed in the train carriage of French Marshal Ferdinand Foch, in the Forest of Compiegne 80 kilometres north of Paris. Since then, France annually celebrates this date as the day of the end of the First World War.Yuri Rubinsky, the head of the Centre for French Studies at the Institute of Europe at the Russian Academy of Sciences, told Pravda.Ru that the day of November 11 for the French is like May 9, or Victory Day, for the Russians. Macron is taking an initiative to improve his image by organising major celebrations in France. Macron's ratings in France have declined due to unpopular reforms. Vladimir Putin and Donald Trump accepted Macron's invitation, but this is not just an opportunity for them to meet again. Trump wants to emphasise the role of the United States that had sent an expeditionary corps to help France, and Putin has long wanted to rid WWI of "imperialistic" labels. According to Putin, WWI was a patriotic war for Russia. "Despite the Brest peace, according to which Russia deserted from the camp of the allies, Russia had lost more people in that war than France - more than two million people," the expert told Pravda.Ru. Macron convenes globalisation forum The event, which Putin and Trump ate going to attend, will be called the "Paris Peace Forum and Global Governance.""Macron does not believe that globalism is over with. He invited the leaders of 80 countries and 900 delegates, whom he asked to bring projects and plans for solving global problems, such as climate, environment, demography, medicine, international relations, security, etc. Most likely, Chinese President Xi Jinping is coming as well.
Reported by PRAVDA 5 hours ago.
Serie A giants Roma have joined the race to sign a reported Tottenham and Chelsea target, according to reports from Italy
The post Chelsea and Spurs face fresh competition to land €40m Dutch sensation appeared first on teamtalk.com. Reported by Team Talk 4 hours ago.
Heavy rains in Italy caused the flooding of the Piave River and the collapse of a bridge in Treviso Province north of Venice on Wednesday. (Oct. 31)
Reported by USATODAY.com 4 hours ago.
*CYBER1 records highest quarterly revenue result of 14.04m EUR, with total year to date revenue growth of 113% and strong organic revenue growth of 69% *
*London United Kingdom – 31 October 2018* – Cyber Security 1 AB (Publ) (the *“Company”*) (*“CYBER1”*) (Nasdaq First North: CYB1), an international leader in Cyber security, GRC is pleased to announce the Q3 2018 results. The Company has achieved its highest quarterly revenue since listing on Nasdaq First North, with revenues of 14.04m EUR. This brings CYBER1’s total year to date (YTD) revenues to 23.11m EUR, demonstrating 69% organic growth of 7.53m EUR and 113% overall total growth of 14.04m EUR versus the same period in 2017.
· Total revenue growth increased by 113%, from 10.9m EUR YTD Q3 2017, to 23.11m EUR YTD Q3 2018.
· Organic revenue increased by 69%, from 10.9m EUR YTD Q3 2017, to 18.43m EUR YTD Q3 2018.
· Group Q3 2018 EBITDA of 566k EUR, (Q3 2017 EBITDA -734k EUR).
· Credence Security UAE increased revenue by 88.99%, from 2.27m EUR YTD Q3 2017, to 4.29m EUR YTD Q3 2018.
· Cognosec South Africa increased revenue by 95.81%, from 6.21m EUR YTD Q3 2017, to 12.16m EUR YTD Q3 2018.
· Newly acquired former Itway subsidiaries record revenues of 2.88m EUR for Q3.
· Group Q3 2018 EBITDA of 566k EUR, (Q3 2017 EBITDA -734k EUR).
· CYBER1 entered into an Exclusive Agreement to acquire 100% of InfoNet (Infonet Bilgi Teknolojileri Ticaret Limited) a leading Cyber business, with 2017 audited revenues of 20m EUR and EBITDA of 1m EUR.
The third quarter results detailed in this report, demonstrates a significant milestone in the history of CYBER1. We have surpassed our 2017 annual revenue of 17.19m EUR by the end of Q3, recording a year to date (YTD) total of 23.11m EUR in revenue (with our historically largest revenue generating quarter still to come). Total YTD growth at the end of Q3 equates to 113% (12.21m EUR), when comparing the same period in 2017. More importantly, year-on-year improvements have been realised organically. When excluding all acquisitions since 2017, the strategic initiatives within the subsidiaries have yielded a 69% increase in revenue growth (7.53m EUR) when compared to YTD Q3 2017.
The process of harmonising the initial acquisitions since CYBER1 became a public listed company, has begun to bear significant opportunities across all regions. Each subsidiary in CYBER1 possesses unique and long established relationships with their clients. Cross selling opportunities are materialising, as our professional services offering and wide ranging vendor portfolio continues to expand. A number of clients utilise CYBER1 as their sole provider of cyber security solutions and services, enabling primary focus on their core businesses, safe in the knowledge that their resilience against security threats remains apparent. Combined with our retention of annual and multi-year contracts with our longstanding clients, CYBER1 has created a successful environment for Group companies to evolve as a single, cohesive entity.
As we approach the final quarter for the year, CYBER1 is committed to building on this successful nine-month period to realise 2018 as a defining year for the organisation. With more people connecting online and new technologies emerging, the vulnerabilities that we are able to eradicate and reduce becomes more paramount to all organisations. As a complete provider for all cyber security needs, CYBER1 continues its vision in becoming the sole partner for the biggest and most influential participants/companies around the globe.
Mangold Fondkommission AB is the Company’s Certified Adviser.
Telephone: +46 (0)8 5030 1550
*FOR FURTHER INFORMATION, PLEASE CONTACT:*
Tim Metcalfe / Miles Nolan
Investor Relations contact, CYBER1
This information is information that CYBER1 is obliged to make public, pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 31.10.2018 at 17:00 CET.
*ABOUT CYBER 1*
CYBER1 (formerly Cognosec AB) is engaged in providing cyber resilience solutions and conducts its operations through physical presences in Sweden, South Africa, the UK, Kenya, Germany, Austria, Turkey, Greece, Italy, the Ukraine and the United Arab Emirates. Listed on Nasdaq First North (Nasdaq: CYB1.ST, [formerly Nasdaq: COGS.ST]) and as an American Depositary Receipt (OTCQX: CYBNY), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 17.2m EUR in 2017 and employed 239 personnel at the end of Q3 2018. For further information, please visit www.cyber1.com/investors
For further information, please visit: https://cyber1.com
· CYBER 1 Q3 2018 Interim Report Reported by GlobeNewswire 4 hours ago.
*FORESIGHT SOLAR & INFRASTRUCTURE VCT PLC*
Ordinary Shares Total Net Assets as at 30 June 2018: £40.8m
Ordinary Shares Net Asset Value per share as at 30 June 2018: 93.0p
Ordinary Shares Dividends paid during the year ended 30 June 2018: 6.0p
· Total net assets £40.8 million.
· After payment of 6.0p in dividends, Net Asset Value per Ordinary Share at 30 June 2018 was 93.0p (2017: 95.9p).
· At 30 June 2018, the fund held positions in seven UK solar assets, with a total installed capacity of 48.9MW. During the year the portfolio generated 38.6Gwh of clean energy, sufficient to power approximately 12,450 UK homes for a year.
· Two UK solar assets, Littlewood and Laurel Hill, were acquired by existing portfolio companies in August and September 2017 respectively, increasing the portfolio’s capacity by 19.2MW.
· In November 2017, our original portfolio companies completed the sale of the four UK FiT solar assets. Our portfolio company, Shaftesbury Solar I UK Holdings Limited, also invested £0.4 million in a 400kW rooftop solar installation in Campania, Italy.
· In January 2018, the subsidiary of our portfolio company Skibo Solar III Limited completed the sale of the EOSOL solar asset in California.
· Two interim dividends of 3.0p per Ordinary Share were paid during the year, on 24 November 2017 and 27 April 2018.
· Two interim dividends of 2.5p per C Share were paid during the year, on 24 November 2017 and 27 April 2018.
· The Company completed a share class merger on 29 June 2018, where the C and D Shares funds were merged with the Ordinary Shares fund, uniting the shareholder base and pooling the assets of the fund.
I am pleased to present the Annual Report and audited accounts for Foresight Solar & Infrastructure VCT Plc and to provide you with an update on the progress made. During the year, the share class merger between the Ordinary, C and D Shares was completed, uniting the shareholder base and allowing for the fund to embark upon its next phase. At the operating level, the disposal by our original portfolio companies of their older Feed-in Tariff (“FiT”) solar assets was completed at a favourable price. As discussed in the Investment Manager’s Review, new projects were acquired by these companies with potential for further returns. These transactions will support the fund’s objective of delivering an attractive return for investors.
The underlying net asset value increased by 3.1p per Ordinary Share before deducting the 6.0p per Ordinary Share dividend paid during the year.
This has been driven by the profitable sale by our original portfolio companies of their FiT assets in November 2017, generating proceeds of over £11m, as well as additional proceeds of over £1.5m received during the year from the sale of the fund’s Italian solar assets initially sold in December 2016. These proceeds have been retained by the portfolio companies to finance new opportunities.
Additionally, an extension to the useful economic lives of the existing sites combined with improvements in the efficiency and revenue generation of these same sites, with support from the fund’s Investment Manager, has driven an increase in valuation of the portfolio of £0.8m.
Existing portfolio companies also acquired two new UK solar plants during the year, the first being Littlewood in Mansfield, Nottinghamshire and the second being Laurel Hill near Donaghcloney, Northern Ireland. These two projects added a combined capacity of 19.2MW.
In aggregate, following the share class merger with the C Shares and the D Shares funds, the Company ended the year with investments in portfolio companies with total generating capacity of 49.3MW compared with 41.2MW at 30 June 2017.
The overall performance of the Ordinary Shares fund remains robust and the total return since inception as at 30 June 2018 was 128.0p per Ordinary Share.
The C Shares had a total return of 104.2p per share at 29 June 2018 (after deducting the performance incentive fee) compared to 105.1p per share at 30 June 2017. No new assets were acquired in this period.
The D Shares had a total return of 92.2p per share at 29 June 2018 compared to 96.8p per share at 30 June 2017. During this period, Shaftesbury Solar I UK Holdings Limited, in which D Share money was invested, invested in a new rooftop solar project in Campania, Italy adding capacity of 400kW.
CASH & DEAL FLOW
The Company had cash and liquid resources of £4.9m at 30 June 2018 (excluding cash held in portfolio companies). The Company receives regular interest and loan stock payments and dividends from its underlying investments enabling it to continue to fund its dividend policy as well as meeting expenses in the ordinary course of business as they fall due.
INVESTMENT GAINS & LOSSES
During the year the Company recognised unrealised gains of £0.8m. Further information regarding the breakdown of this amount is contained in the Investment Manager’s Report.
In its original prospectus the Board’s stated objective was to pay dividends of 5.0p per Ordinary Share each year throughout the life of Foresight Solar & Infrastructure VCT plc after the first year. The level of dividends was not, however, guaranteed.
During the year and prior to the share class merger, total dividends of 6.0p per Ordinary Share and 5.0p per C Share were paid. The Board is pleased to announce that the next interim dividend, of 3.0p per Ordinary Share, will be paid on 23 November 2018 based on an ex-dividend date of 8 November 2018 and a record date of 9 November 2018. This means that total dividends of 38.0p per Ordinary Share will have been paid during the eight years since launch.
SHARE CLASS MERGER
On 29 June 2018, the C and D Shares funds were merged with the Ordinary Shares fund, based on the proportionate value of their respective shareholdings of Ordinary Shares, C Shares and D Shares as at 31 March 2018, adjusted to take account of the 3.0p per Ordinary Share and the 2.5p per C Share dividends paid on 27 April 2018, and other fund level movements up to the date of the merger. The conversion ratios were 0.9057 for C shares and 0.9917 for D shares. On the basis of these conversion ratios, the Company’s issued share capital was 43,911,189 Ordinary Shares and 1,222,778 Deferred Shares. The Deferred Shares are not listed, and have no value attributable.
SHARE ISSUES & BUYBACKS
During the year under review, the Ordinary Shares fund repurchased 298,622 shares for cancellation at a cost of £290,000 and the C Shares fund repurchased 37,677 shares for cancellation at a cost of £32,000, at an average discount to NAV of 2.6%. No new shares were issued.
A table of intended communications to shareholders and likely tender offers is included on page 17.
PERFORMANCE INCENTIVE FEE
Before the share class merger was implemented on 29 June 2018, the performance incentive hurdle for the C shares was satisfied, with a total return of 105.3p per share, resulting in an accrual of £130,000 due to the Manager. This was paid post year end.
There were no performance incentive fees paid or accrued in respect of the Ordinary Shares or the D Shares.
Following the share class merger, the entire fund will apply the existing Ordinary Shares performance incentive fee arrangement.
ANNUAL GENERAL MEETING
The Company’s Annual General Meeting will take place on 6 December 2018 at 12.30pm. I look forward to welcoming you to the Meeting, which will be held at the offices of Foresight Group in London.
The strategic focus of the Board remains the optimisation of the portfolio’s performance and valuation through a number of initiatives. In this respect, the Investment Manager continues to examine opportunities such as refinancing assets at lower interest rates and fixing power price agreements (PPAs) when they are deemed attractive.
Operationally we have benefitted from good irradiance conditions in the first quarter of the current year.
31 October 2018
*Investment Manager’s Review*
In November 2017, our portfolio companies successfully sold four of the portfolio’s solar assets, which qualified for the Feed-in Tariff (“FiT”) subsidy, generating proceeds of over £11m. This was a profitable exit and the proceeds have been retained by our portfolio companies to finance new opportunities.
The Littlewood solar plant (5MW) in Mansfield, Nottinghamshire, was purchased from its constructor Goldbeck in August 2017. Littlewood presented an attractive investment opportunity given the quality of Goldbeck projects and the fact that Foresight already had precedent contracts from which to transact. The site connected to the grid in March 2017.
In September 2017, Laurel Hill, a 14.2MW construction stage solar plant located near Donaghcloney, Northern Ireland was acquired. The plant successfully connected to the grid at the end of February 2018, qualifying for 1.4 ROCs under the regime’s grace period. The project was acquired from solar developer BNRG, which Foresight has worked with previously.
In January 2018, the subsidiary of our portfolio company Skibo Solar III Limited completed the sale of its interest in the 3.6MW EOSOL asset in California. The decision was taken to capitalise on the relative strength of the US dollar in comparison to sterling subsequent to the Brexit referendum of 2016, as well as the high demand for operational solar assets in the US.
In November 2017, Shaftesbury Solar I UK Holdings Limited, a portfolio company in which D Share money was invested, made an investment of £0.4m, to finance the construction of a 400kW rooftop solar installation in Campania, Italy. The solar panels are being installed on the roof of a building owned by Telecomponenti, which manufactures plastic products for the telecom and energy industry. This is the first unsubsidised solar site to be acquired by a portfolio company, with the majority of the electricity generated being sold to Telecomponenti at a fixed price under a long-term contract. Construction of the project completed in May 2018, and performance is in line with expectations. It is intended to fund a second stage, adding a further 500kW of capacity.
Previously, the discounted cash flow (“DCF”) methodology used to value the assets assumed a 25-year asset life, with no residual value at the end of this period. This assumption was based on the market standard lease terms for the properties on which portfolio company solar assets are located and planning consent periods initially granted by local planning offices.
Some of the portfolio companies have secured lease and planning rights to extend the useful economic life of their solar assets across the majority of the portfolio by up to an extra ten years beyond this 25-year period. Cash flows from the extended periods are now included in the DCF models.
For the period 1 July 2017 to 30 June 2018 total electricity production was 0.3% below expectations, in line with irradiation levels that were also 0.3% below expectations. There will be annual movements in performance caused by irradiation or the efficiency of the plan but this does not require adjustment to the long term forecasts for the plants. Further details on performance is included on pages 10 to 13.
FOLLOWING PERIOD END
Existing portfolio companies acquired four solar projects post period end: Basin Bridge, Stables, Dove View and Beech Farm. These projects were acquired from other funds managed by Foresight. Other existing portfolio companies completed their debt refinancing of the Laurel Hill site in August 2018, provided by Royal Bank of Scotland. The refinancing proceeds have been used to repay the majority of the borrowings originally taken to finance their acquisition of Littlewood and Laurel Hill.
REGULATORY AND MARKET CHANGES
During the second half of 2017, there was increased discussion about the future funding of the lowest cost renewables, onshore wind and solar. Government announcements coinciding with the results of the Contracts for Difference (“CfD”) auction in September 2017 confirmed the expectation that solar and onshore wind will continue to be excluded from Pot 1 (established technologies) during the third auction round expected in Spring 2019 and are highly unlikely to feature in future auction rounds. However, as capex costs for battery storage continue to reduce, there is the possibility of co-locating battery facilities with solar projects, which could drive further market growth.
In October 2017, the release of the Clean Growth Strategy (the Government’s plan to grow the UK’s national income while cutting greenhouse gas emissions) also excluded any mention of future support for onshore wind and ground mounted solar. Although the lack of regulatory support for new large scale solar projects has halted the flow of primary solar assets to market, secondary market activity has increased considerably as investors have turned to the acquisition of existing operational assets currently being held by short term investors.
Despite the aforementioned developments, there has been growing support to reconsider the use of subsidies, including proposals for technology neutral auctions from diverse groups including backbench Conservative MPs, the Committee for Climate Change, Energy UK, Dieter Helm’s cost of energy review and a variety of NGOs and energy trade associations. Meanwhile, a report from the Committee on Climate Change in June 2017 highlighted that the UK is significantly behind its 2030 targets to reduce carbon emissions and could fail to meet the legally binding commitments set out in the UK’s Fifth Carbon Budget. The UK government has recently agreed to increase the 2030 renewable energy target from 27% to 32%, creating a clear opportunity for additional growth of the UK solar market in the medium to long-term.
In December 2017, Ofgem published a consultation which is broadly supportive of the co-location of battery storage facilities with ROC accredited renewable energy installations, lifting concerns that this could invalidate existing ROC accreditations. The Investment Manager will continue to monitor the progress of these market developments and its potential to accelerate the transition to a decentralised energy system.
In July 2018, Ofgem issued a consultation which proposes a Significant Code Review (“SCR”) to address inefficiencies in network access and forward-looking network charging arrangements. If launched, this would run in parallel with the current SCR in progress and the Targeted Charging Review (“TCR”) launched in August 2017, which encompasses a review of residual network charging arrangements. The impact of these review processes on charging arrangements for embedded generation has the potential to materially affect the embedded benefits received by the portfolio.
There remains political uncertainty following the UK’s vote to withdraw from the European Union. Although formal Brexit negotiations started on 19 June 2017, it remains unclear to what extent the UK power market will continue to be integrated with the wider EU power market and therefore what the impact on wholesale power prices will be. The Manager will continue to carefully monitor any potential political effects from Brexit, however current indications suggest that the UK Government remains committed to a carbon reduction agenda.
Following a winter of relatively high power prices, the spot price rose to £51 per MWh as at 30 June 2018 (£46 per MWh in June 2017).
The average power price achieved across the portfolio during the reporting period was £46.77 per MWh.
During the period 1 July 2017 to 30 June 2018 there was a downward movement of 7.3% in the medium to long term power price forecast. The Investment Manager uses forward looking power price assumptions to assess the likely future income of the portfolio investments for valuation purposes. The Company’s assumptions are formed from a blended average of the forecasts provided by third party consultants and are updated on a quarterly basis. The Investment Manager’s forecasts continue to assume an increase in power prices in real terms over the medium to long-term of 1.08% per annum (30 June 2017: 1.7%), driven by higher gas and carbon prices.
During the period, 75% of the Company’s revenue from portfolio investments came from the FiT subsidy or sale of ROCs and other green benefits to an offtaker. These revenues are directly and explicitly linked to inflation for 20 years from the accreditation date under the ROC regime and subject to Retail Price Index (“RPI”) inflationary increases applied by Ofgem in April of each year.
The majority of the remaining 25% of revenues derive from electricity sales by our portfolio companies which are subject to wholesale electricity price movements. Electricity prices in the UK are a component of the RPI index basket of goods and services and as a result present a degree of correlation with the long term RPI. This direct indexation of revenues derived from ROC benefits and the degree of inflation linkage of the wholesale electricity price provides correlation with long term inflation for a significant percentage of cash flows.
Power Purchase Agreements (“PPAs”) are entered into between each portfolio company and offtakers in the UK electricity supply market. Under the PPAs, each portfolio company will sell the entirety of the generated electricity and ROCs to the designated offtaker.
The PPA strategy adopted by our portfolio companies seeks to optimise their revenues from the power generated, while keeping the flexibility to manage their solar assets appropriately. As at 30 June 2018, our portfolio companies put in place fixed power price arrangements in respect of their solar businesses operating on the Turweston site and floating rate PPAs, which track market power prices, in respect of their other solar businesses operating on other sites.
The boards of our portfolio companies, with assistance from Foresight, constantly assesses conditions in the electricity market and set their pricing strategy on the basis of likely future movements. Following the year end further fixed price arrangements have been entered into by our portfolio companies, offering a premium over the long-term power price forecasts. Four assets, including Turweston, representing c.31MW of installed capacity now have fixed price arrangements until December 2019.
Our portfolio companies retain the option to fix the PPAs of their portfolio assets at any time. As part of the ongoing efforts by our portfolio companies to maximise the commercial performance of their businesses, they have undertaken a PPA tendering process across all their assets, which has seen a significant reduction in fees charged to them by the offtakers.
Sustainability lies at the heart of the Manager’s approach, and the Manager believes that investing responsibly, seeking to make a positive social and environmental impact, is critical to its long term success. These factors have been integrated into the investment process, and are actively supported by all involved, regardless of seniority. With that in mind, the Manager has adopted a Responsible Investment Framework to provide a suitable operational framework in matters related to the investment process, such that sustainability and sustainable investing has become part of the day-to-day operations. Further to the environmental advantages of large scale renewable energy, each investment is closely scrutinised for localised environmental impact. Where improvements can be made, the Manager will work with planning and local authorities to minimise visual and auditory impact of sites.
The Investment Manager is a working partner of the Solar Trade Association’s Large Scale Asset Management Working Group. Foresight is a signatory to the Solar Farm Land Management Charter and seeks to ensure that the solar farms operated by all of our portfolio companies are managed in a manner that maximises the agricultural, landscaping, biodiversity and wildlife potential, which can also contribute to lowering maintenance costs and enhancing security. As such, the Investment Manager regularly inspects sites and advises portfolio companies to develop site specific land management and biodiversity enhancement plans to secure long term gains for wildlife and ensure that the land and environment are maintained to a high standard. This includes:
· Management of grassland areas within the security fencing to promote wildflower meadows and sustainable sheep grazing;
· Planting and management of hedgerows and associated hedge banks;
· Management of field boundaries between security fencing and hedgerows;
· Sustainable land drainage and pond restoration;
· Installation of insect hotels and reptile hibernacula;
· Installation of boxes for bats, owls and kestrels; and
· Installation of beehives by local beekeepers.
Most solar parks are designed to enable sheep grazing and the remaining plants are investigated for alterations to ensure that the farmland on which the solar assets are located can remain useful in agricultural production, which is a frequent desire of local communities.
SOCIAL AND COMMUNITY ENGAGEMENT
The Investment Manager actively seeks to engage with the local communities around the solar assets operated by our portfolio companies and regularly attends parish meetings to encourage community engagement and promote the benefits of their solar assets.
HEALTH AND SAFETY
There were no reportable health and safety incidents during the period. Safety, Health, Environment and Quality (‘SHEQ”) performance and risk management are a top priority at all levels for Foresight Group. To further improve the management of SHEQ risks, reinforce best practice and ensure non-compliance with regulations is avoided, the fund’s Investment Manager has appointed an independent health and safety consultant who regularly visits the portfolio assets operated by our portfolio companies to ensure they not only meet, but exceed, industry and legal standards. The consultant has confirmed that all sites are in compliance with all applicable regulations. Recommendations that have been implemented to help raise standards further include improvements to the safety signage on the fence of two plants.
During the financial year ended 30 June 2018, as well as acquiring three new projects, we encouraged our portfolio companies to focus on the continued optimisation of the existing businesses, both from an operational perspective and in respect of their ability to support a sustainable level of debt to enhance returns to the fund. We encourage our portfolio companies to continue this, as well as to explore new acquisition opportunities which we believe will be accretive to the value of their businesses, and to the benefit of the fund’s investment in them in the long term.
31 October 2018
for the year ended 30 June 2018
*Year ended 30 June 2018* Year ended 30 June 2017
Investment holding gains *—* *835* *835* — 7,938 7,938
Realised losses on investments *—* *—* *—* — (3,318) (3,318)
Income *1,543* *—* *1,543* 871 — 871
Investment management fees *(173)* *(649)* *(822)* (205) (1,668) (1,873)
Loan interest payable *(371)* *—* *(371)* (30) — (30)
Other expenses *(647)* *—* *(647)* (537) — (537)
Profit before taxation *352* *186* *538* 99 2,952 3,051
Taxation *—* *—* *—* (33) 33 —
Profit after taxation *352* *186* *538* 66 2,985 3,051
Profit per share: * * * * * *
Ordinary Share *0.8p* *0.4p* *1.2p* 0.3p 3.2p 3.5p
The total column of this statement is the profit and loss account of the Company and the revenue and capital columns represent supplementary information.
All revenue and capital items in the above Income Statement are derived from continuing operations. No operations were acquired or discontinued in the year.
The Company has no recognised gains or losses other than those shown above, therefore no separate statement of total recognised gains and losses has been presented.
*Reconciliation of Movements in Shareholders’ Funds*
*Year ended 30 June 2018* *Called-up*
*£’000* * *
* * * * * * * * * * * *
*As at 1 July 2017* *454* *7,061* *112* *35,292* *42,919*
*Expenses in relation to prior year share issues* *—* *(23)* *—* *(41)* *(64)*
*Repurchase of shares* *(3)* *—* *3* *(322)* *(322)*
*Share class merger* *(12)* *12* *—* *—* *—*
*Dividends* *—* *—* *—* *(2,253)* *(2,253)*
*Profit for the year* *—* *—* *—* *538* *538*
*As at 30 June 2018* *439* *7,050* *115* *33,214** *40,818*
Year ended 30 June 2017 Called-up
As at 1 July 2016 528 3,549 2 46,527 50,606
Share issue in the year 36 3,673 — — 3,709
Expenses in relation to share issues — (161) — (194) (355)
Repurchase of shares (110) — 110 (10,986) (10,986)
Expenses in relation to tender offer — — — (184) (184)
Dividends — — — (2,922) (2,922)
Profit for the year — — — (3,051) (3,051)
As at 30 June 2017 454 7,061 112 35,292* 42,919
*Of this amount £11,306,000 (2017: £14,219,000) is distributable.
at 30 June 2018
Registered Number: 07289280
*£’000* As at
*Fixed assets* * *
Investments held at fair value through profit or loss *53,352* 53,752
*Current assets* * *
Debtors *465* 432
Money market securities and other deposits *9* 9
Cash *4,844* 5,694
*Creditors* * *
Amounts falling due within one year *(2,852)* (1,968)
*Net current assets* *2,466* 4,167
* * * *
*Creditors* * *
Amounts falling due greater than one year *(15,000)* (15,000)
*Net assets* *40,818* 42,919
*Capital and reserves* * *
Called-up share capital *439* 454
Share premium *7,050* 7,061
Capital redemption reserve *115* 112
Profit and loss account *33,214* 35,292
*Equity shareholders’ funds* *40,818* 42,919
* * * *
* * * *
*Net asset value per share* * *
Ordinary Share *93.0p* 95.9p
*Cash Flow Statement*
for the year ended 30 June 2018
*Cash flow from operating activities* * *
Deposit and similar interest received *8* 1
Investment management fees paid *(791)* (723)
Performance incentive fee paid *—* (3,323)
Secretarial fees paid *(269)* (150)
Other cash receipts/(payments) *107* (341)
*Net cash outflow from operating activities* *(945)* (4,536)
* * * *
*Cash flow from investing activities* * *
Purchase of investments *(97)* (32)
Net proceeds on sale of investments *1,332* 2,649
Investment income received *1,515* 1,047
*Net cash inflow from investing activities* *2,750* 3,664
*Cash flow from financing activities* * *
Proceeds of fund raising *—* 4,058
Proceeds from borrowings on long term debt *—* 15,000
Expenses of fund raising *(80)* (298)
Expenses in relation to tender offer *—* (156)
Repurchase of own shares *(322)* (10,986)
Equity dividends paid *(2,253)* (2,923)
*Net cash (outflow)/inflow from financing activities* *(2,655)* 4,695
*Net (outflow)/inflow of cash in the year* *(850)* 3,823
*Reconciliation of net cash flow to movement in net funds* * *
(Decrease)/increase in cash for the year *(850)* 3,823
Net cash and cash equivalents at start of year *5,703* 1,230
*Net cash and cash equivalents at end of year* *4,853* 5,703
*Analysis of changes in net cash*
At 1 July 2017
£’000 Cash flow
£’000 *At 30 June 2018*
Cash and cash equivalents* 5,703 (850) *4,853*
*Including money market securities and other deposits
*Notes to the accounts*
1. The audited Annual Financial Report has been prepared on the basis of accounting policies set out in the statutory accounts of the Company for the year ended 30 June 2018. All investments held by the Company are classified as ‘fair value through the profit and loss’. Unquoted investments have been valued in accordance with IPEVC guidelines, as updated in December 2015. Quoted investments are stated at bid prices in accordance with the IPEVC guidelines and Generally Accepted Accounting Practice.
2. These are not statutory accounts in accordance with S436 of the Companies Act 2006. The full audited accounts for the year ended 30 June 2018, which were unqualified and did not contain any statements under S498(2) or S498(3) of Companies Act 2006, will be lodged with the Registrar of Companies. Statutory accounts for the year ended 30 June 2017 including an unqualified audit report and containing no statements under the Companies Act 2006 will be delivered to the Registrar of Companies in due course.
3. Copies of the Annual Report will be sent to shareholders and will be available for inspection at the Registered Office of the Company at The Shard, 32 London Bridge Street, London, SE1 9SG and can be accessed on the following website: www.foresightgroup.eu
4. *Net asset value per share*
Net asset value per Ordinary Share is based on net assets at the year end of £40,818,000 (2017: £26,197,000) and on 43,911,189 Ordinary Shares (2017: 27,324,838), being the number of Ordinary Shares in issue at that date.
5. *Return per share*
* * *Year ended 30 June 2018* Year ended 30 June 2017
* * *Ordinary*
£'000 D Shares
* * * *
Total profit/(loss) after taxation *538* 1,305 1,862 (116)
Total profit/(loss) per share (note a) *1.2p* 3.5p 14.9p (3.1)p
Revenue profit/(loss) from ordinary activities after taxation *352* 128 3 (65)
Revenue profit/(loss) per share (note b) *0.8p* 0.3p 0.0p (1.7)p
Capital profit/(loss) from ordinary activities after taxation *186* 1,177 1,859 (51)
Capital profit/(loss) per share (note c) *0.4p* 3.2p 14.9p (1.4)p
Weighted average number of shares in issue during the year (note d) *45,273,865* 37,041,226 12,509,247 3,761,042
a) Total profit/(loss) per share is total profit/(loss) after taxation divided by the weighted average number of shares in issue during the year.
b) Revenue profit/(loss) per share is revenue profit/(loss) after taxation divided by the weighted average number of shares in issue during the year.
c) Capital profit/(loss) per share is capital profit/(loss) after taxation divided by the weighted average number of shares in issue during the year.
d) The weighted average number of shares has been adjusted to take account of the O, C and D share class merger on 29 June 2018.
6. The Annual General Meeting will be held at 12.30pm on 6 December 2018 at the offices of Foresight Group LLP, The Shard, 32 London Bridge Street, London, SE1 9SG.
*£’000* Year ended
Loan stock interest *572* 786
Dividends receivable *963* 84
Bank interest *8* 1
8.* Investments held at fair value through profit or loss*
£’000* *C Shares
£’000* *D Shares
Book cost at 1 July 2017 22,743 8,316 1,620 32,679
Investment holding gains 17,762 3,311 — 21,073
Valuation at 1 July 2017 40,505 11,627 1,620 53,752
Movements in the period:
Purchases at cost* 97 — — 97
Disposal proceeds (369) (963) — (1,332)
Investment holding gains/(losses) 1,516 (609) (72) 835
Transfer to Ordinary Shares fund — book cost 8,973 (7,353) (1,620) —
Transfer to Ordinary Shares fund — investment holding gains/(losses) 2,630 (2,702) 72 —
*Valuation at 30 June 2018* 53,352 — — 53,352
Book cost at 30 June 2018 31,444 — — 31,444
Investment holding gains 21,908 — — 21,908
*Valuation at 30 June 2018* 53,352 — — 53,352
*Purchases at cost represents costs incurred in relation to the underlying FiT assets and refinancing of Turweston asset held by portfolio companies.
9. *Transactions with the manager*
Details of arrangements with Foresight Group LLP, Foresight Fund Managers Limited and Foresight Group CI Limited are given in the Directors’ Report and Notes 3 and 13. All arrangements and transactions were on an arms length basis.
Foresight Group, which acts as investment manager to the Company, earned fees of £692,000 in the year (2017: £820,000). At the year end date, amounts due from Foresight Group in respect of management fees were £2,000 (2017: £104,000 payable to Foresight Group). It also earned performance incentive fees of £130,000 (2017: £1,053,000), all of which was payable at the year end (2017: £nil).
Foresight Fund Managers Limited, Company Secretary until November 2017, earned fees of £100,000 (2017: £211,000) during the year, of which £nil (2017: £61,000) remained payable at the year end date. Foresight Group LLP was appointed Company Secretary in November 2017 and received fees of £102,000 (2017: £nil) during the year, of which £2,000 (2017: £nil) remained payable at the year end date.
Foresight Group recharged fund expenses incurred on behalf of the Company of which £158,000 (2017: £53,000) remained payable at the year end date.
*END* Reported by GlobeNewswire 4 hours ago.
Venice is currently experiencing the worst flooding it's seen in a decade, but one restaurant refuses to let the knee-high water impact business.
As the city begins to recover from the intense storms that recently hit Italy, killing several people, the restaurant in Venice has its doors open and is serving anyone daring enough to venture out into the flood.
A video, shared to Simone Sciascia's Facebook page on Monday, shows staff carrying pizzas to serve customers like it's just another day at work.
Servers are seen wading through the flooded restaurant where diners are sitting at tables enjoying their food. And nearly everyone is wearing tall protective rain boots of some sort. Now that's dedication. Read more...
More about Climate, Science, Italy, Flood, and Venice Reported by Mashable 4 hours ago.
Crop Infrastructure Corp (CSE:CROP, OTCMKTS:CRXPF) shares fizzed much higher in Toronto as its CannaDrink beverage line was boosted. The cannabis focused firm said it had signed former Coca-Cola branding executive Arashdeep Singh to head up the business. Singh has nearly 10 years' experience with The Coca-Cola Company (NYSE:KO). His last position was a senior brand manager for a $750 million portfolio of Coca Cola products. "Someone of Arash's calibre joining us is a big boost for our management team," said chief executive at CROP, Michael Yorke. "As a growing organization our executive branch often wears many hats so having a specialist like Arash to head up this important pillar of Crop's growth is exciting for myself and the entire Crop family." Yorke added: "For years, the benefits of cannabidiol have languished under a false stigma. "With a welcome expansion of legalization, CannaDrink is committed to bring these products to the new age consumers. I am truly excited to be a part of this evolutionary journey." Among the many highlights on Mr Singh's CV are that he helped launch Coca-Cola Zero in the markets of Bhutan & Sri Lanka to develop the 'Diets & Lights' category. He also recruited new consumers by inducing more trials for the brand using experiential sampling and standardised the drinks giant's e-commerce presence with new layouts from a commissioned research to drive click-through rates. Crop's portfolio of projects includes cultivation properties in California, two in Washington State and a 1,000-acre Nevada cannabis farm. It also has 1,865 acres of CBD farms, extraction in Nevada, and joint ventures on West Hollywood and San Bernardino dispensary apps with international focuses in Jamaica and Italy. Earlier this month, the group inked its first major supply deal. That is for the group's Hempire tenant in Nevada, and is a three-year, 500,000-pound-per-year (1.5 million pounds in total) supply agreement with deliveries starting August next year. On Wednesday, shares in Crop Infrastaructure shot up 25% to $0.325.
Reported by Proactive Investors 4 hours ago.
October 31, 2018, 6 pm
*Nominal share value divided by four*
During an Extraordinary General Meeting today, the shareholders of Solutions 30 approved a resolution to divide the nominal value of Solutions 30 shares by four.
All holders of the old shares, worth a nominal value of 0.51 euros on November 6^th when the markets close, will receive four new shares each worth a nominal value of 0.1275 euros. After dividing the nominal value of Solutions 30 shares, the company’s capital will consist of 96,719,248 shares.
The purpose of this transaction is to increase the shares’ accessibility and liquidity. The transaction will not result in costs or formalities for Solutions 30 shareholders. The new shares, once issued, will retain the same rights as the old shares.
The provisional timetable for the transaction is as follows:
November 2^nd Publication of a Euronext Notice
November 6th Last trading day of old shares (ISIN Code: FR0013188844)
November 7th Delisting of old shares (ISIN Code: FR0013188844)
Listing of new shares (ISIN Code: FR0013379484)
November 8^th Record date
November 9^th Delivery of new shares (“payment date”)
*About Solutions 30*
The Solutions 30 Group is the European leader in solutions for new technologies. Its mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike. Yesterday, it was computers and the Internet. Today, it’s digital technology. Tomorrow, it will be technologies that make the world even more interconnected in real time. With more than 10 million call-outs carried out since it was founded and a network of more than 6,000 local technicians, Solutions 30 currently covers all of France, Italy, Germany, the Netherlands, Belgium, Luxembourg, and Spain. The share capital of Solutions 30 SE consists of 24 179 812 shares, equal to the number of theoretical votes that can be exercised.
Solutions 30 SE is listed on Euronext Growth (ISIN FR0013188844 - code ALS30) as well as the Frankfurt Stock Exchange on the XETRA e-listing system (ISIN FR0013188844 – code 30L2)
Indexes: MSCI Europe Small Cap | Tech40 | CAC PME.
For more information, visit our website: www.solutions30.com
*Contacts - Solutions 30*
*SOLUTIONS 30* *EDIFICE COMMUNICATION*
Nezha Calligaro | CEO PA Samuel Beaupain | Media Relations
+352 2 648 19 17 | firstname.lastname@example.org 06 88 48 48 02 | email@example.com
Hervé Guyot | Listing Sponsor Nathalie Boumendil | Investor Relations
01 45 63 68 60 | firstname.lastname@example.org
06 85 82 41 95 | email@example.com
· PRESS RELEASE 31 October 2018 Reported by GlobeNewswire 3 hours ago.
Food lovers don’t need to look for an excuse to visit Piedmont, the region in northwest Italy known for its wine and cuisine – think Barolo and Barbaresco wines, and Bra, home of the Slow Food Movement.Going in October and November is a particular treat because of the rare wild fruit of a fungus – Tuber magnatum, better known as the white truffle – which comes into season around this time. Unlike Tuber melanosporum, the famous and expensive black truffle of Perigord,...
Reported by S.China Morning Post 3 hours ago.
Reports in Italy claim Wolves have looked into what would be a double swoop
Reported by Sutton Coldfield Observer 3 hours ago.
*NEW YORK, NY / ACCESSWIRE / October 31, 2018 / *Newgioco Group, Inc. ("Newgioco" or the "Company") (OTCQB: NWGI), a sports betting and gaming technology company providing regulated online and land-based gaming and wagering through licensed subsidiaries in Italy and Austria, and headquartered in Toronto, Canada, has been recognized among an elite group of companies featured in the Casino Special Edition of the CIOReview magazine.
Newgioco is also featured in the cover story of the Casino Special Edition, titled "Newgioco Group - The Next Big Thing in Online Gambling" in which Michele Ciavarella, CEO and director of Newgioco, discusses the vast opportunities the U.S. sports betting market is now experiencing with the recent repeal of the Professional and Amateur Sports Protection Act (PASPA) in May 2018. In the feature article, Mr. Ciavarella details Newgioco's U.S. strategy of combining its longstanding track record of success within Italy's highly regulated gaming market and introducing its convenient and customizable sports betting technology platforms to a select partner network of U.S. land-based licensed gaming operators.
"We are honored to be recognized by CIO Review. This award is further positive validation of the direction our Company is taking, as we look to grow from being one of Italy's top gaming technology providers and to establishing our product in the U.S. sports betting market", stated Michele Ciavarella, CEO of Newgioco.
To view the full feature article* "*Newgioco - The Next Big Thing in Online Gambling", visit:
To view the full online magazine "CIOReview – Casino Special Edition (Oct 2018)", visit:
https://magazine.cioreview.com/magazines/October2018/Casinos/ - page=10
· - Newgioco Feature Cover Story (pages 1, 10-13)
· - 20 Most Promising Technology Solutions Providers for Casinos in 2018 (pages 4-15)
*About Newgioco Group, Inc.*
Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a fully licensed and integrated online and land-based leisure gaming operator. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.
The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots, as well as owning and operating an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional information is available on our corporate website at www.newgiocogroup.com.
*Cautionary Note Concerning Forward-Looking Information*
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could,""believe,""anticipate,""intend,""estimate,""expect,""may,""continue,""predict,""potential,""project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
*For further information, please contact:*
Office: +1 (416) 479-9547
View source version on accesswire.com:
https://www.accesswire.com/526788/Newgioco-Recognized-by-CIOReview-Magazine-as-20-Most-Promising-Technology-Solutions-Providers-for-Casinos-in-2018 Reported by Accesswire 3 hours ago.
Reported by Telegraph.co.uk 1 hour ago.
The former Italy international and his father have been handed prison sentences
Reported by Goal.com 37 minutes ago.
Venice, Italy, Oct 31, 2018 / 01:29 pm (CNA/EWTN News).- Saint Mark’s Basilica in Venice flooded with nearly three feet of water this week, damaging part of the 1,000 year old marble mosaic floor inside.
The basilica “aged 20 years in one day,” St. Mark’s procurator Carlo Alberto Tesserin said.
Flood waters kept parts of the Madonna Nicopeia chapel’s intricately designed floor under three feet of water for 16 hours, Tesserin said. The chapel, located in the cathedral's left transept, contains a 9th century Byzantine icon of Mary.
The baptistry and the Zen Chapel, named for Cardinal Giambattista Zen, who died in 1501, were completely flooded. The basilica’s bronze doors and columns also sustained damage.
In St. Mark’s Basilica’s 926 year history, there have been only five floods as severe. The high water mark in Venice reached over 5 feet on Monday with an “acqua alta,” or high tide, covering 75 percent of the city.
Storms in Italy this week left at least 11 people dead throughout the country as 110 mph winds caused trees to fall upon cars and pedestrians. The Liguria region in northwest Italy experienced dangerous landslides.
The Italian Civil Protection Agency said that the Liguria, Veneto, Trentino, and Friuli-Venezia Giulia regions were most affected by the heavy rainfall and high winds.
Museums in Venice reopened Wednesday as the flood waters subsided. Reported by CNA 31 minutes ago.
The interim manager played in Argentina, Spain and Italy, but before he was a pro he spent a season playing American college soccer
Reported by Goal.com 18 minutes ago.
Storm surges have caused massive damage on the Liguria coast in northern Italy.
Reported by News24 16 minutes ago.
AppleCare+ for Mac with accidental damage coverage is now available in Canada, Mexico, and many countries across Europe and the Middle East, including Austria, France, Germany, Ireland, Italy, the Netherlands, Saudi Arabia, Sweden, Switzerland, the United Arab Emirates, and the United Kingdom.
AppleCare+ for Mac was previously limited to the United States, Australia and New Zealand, and Japan, but its availability expanded to the aforementioned countries following the conclusion of Apple's special event in Brooklyn on Tuesday.
AppleCare+ provides up to three years of hardware coverage and tech support for an eligible Mac, effective on the purchase date of the plan. This includes up to two incidents of accidental damage, each subject to a service fee that varies based on damage to the screen, external enclosure, or other components.
In the UK, for example, the per-incident fees are £79 for screen or external enclosure damage, and £229 for other damage.
The accidental damage fees are in addition to the cost of the AppleCare+ for Mac plan itself, which varies. The plan is available for the MacBook, MacBook Air, 13-inch and 15-inch MacBook Pro, iMac, iMac Pro, Mac Pro, and Mac mini.
AppleCare+ for Mac benefits are in addition to any legal rights provided by consumer law in the aforementioned countries.
AppleCare+ can be purchased alongside a new Mac on Apple's website, at Apple retail stores where available, and at select Apple Authorized Resellers or Apple Authorized Service Providers. It can also be added within 60 days of a Mac's purchase date, pending an inspection or diagnostic test.
In these countries, AppleCare+ for Mac replaces the basic AppleCare Protection Plan for Mac, which didn't include accidental damage coverage. Apple continues to offer the AppleCare Protection Plan for Mac in certain countries, such as Spain, Finland, Norway, Poland, Taiwan, Singapore, and Brazil.Tag: AppleCare
Discuss this article in our forums Reported by MacRumours.com 14 minutes ago.