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Posts made in January, 2018

Kaufman & Broad SA : Press release Annual results 2017

By on Jan 31, 2018 in Press Release | 0 comments

Press release Paris, January 30, 2018  2017 Annual Results   2017: another year of increased sales performance and higher financial results Increase in Housing Unit orders: 9,027 units, + 16.3% in value terms 12.3% increase in revenues, and 28.4% increase in attributable net income Increase in the proposed dividend to €2.10 per share The outlook for 2018 looks favorable, once again           Key components of the sales activities (2017 compared with 2016)   Overall orders in value terms: €1,940.5 million including VAT (+6.8%) Of which Housing Units: €1,790.1 million including VAT (+16.3%) In volume terms: 9,027 units, (+12.6%)  Marketing period for Housing Units    5.1 months compared with 6.3 months   (-1.2 months)     Key financial data (2017 compared with 2016)          Revenues: €1,390.8 million (+12.3%)  Of which Housing: €1,213.7 million (+14.5%)        Gross margin: €269.1 million (+14.2%) Adjusted EBIT: €126.1 million (16.1%) Attributable net income: €59.1 million (+28.4%) Net financial debt: €33.1 million vs. €85.1 million end of 2016 Key growth indicators (2017 compared with 2016)   Overall backlog: €1,848.0 million (+16.1%) Of which Housing: €1,670.2 million (+22.8%) Housing Property Portfolio: 27,775 units (+14.2%) Kaufman Broad SA announced its unaudited results for the 2017 financial year (from December 1, 2016 to November 30, 2017) today. Nordine Hachemi, Chair and Chief Executive Officer of Kaufman Broad, made the following comments:   “The 2017 results are in keeping with the strong like-for-like growth momentum that began four years ago.   Housing Unit orders increased by 16.3% in value terms, while the overall Backlog (including Commercial Property) increased by 16%. The Housing property portfolio (+14.2%) increased in the same proportions as Housing Unit orders, thus maintaining our growth potential. Furthermore, the marketing period was shortened once again, and now amounts to around 5 months.   Kaufman Broad has set up a joint-venture in order to jointly develop a portfolio of housing for senior citizens with SERENIS, a senior accommodation and healthcare provider. This initiative strengthens the Group’s commitment to the promising managed housing sector.   The Commercial Property segment recorded orders amounting to €144.3 million, including VAT, over the fiscal year.   The quality of our programs, combined with our price management, has enabled us to benefit from marketing periods that are significantly...

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Press Release: LA Clippers Acquire Harris, Bradley, Marjanović, First & Second-Round Picks

By on Jan 31, 2018 in Press Release | 0 comments

The L.A. Clippers announced that the team has acquired forward Tobias Harris, guard Avery Bradley, center Boban Marjanovic, a 2018 Protected First Round Pick, and a 2019 Second Round Pick from the Detroit Pistons in exchange for forward Blake Griffin, forward Brice Johnson and center Willie Reed. “Blake Griffin had a tremendous impact on this organization and his legacy within the community of Los Angeles will be permanent. It was a pleasure getting to know and cheer for Blake. I wish him, as well as Brice and Willie, the best of luck. While change is hard, my confidence in our front office, led by Lawrence Frank and Michael Winger, along with the sage counsel of Jerry West, has never been higher. I believe today, more than ever, in our ultimate goal of winning an NBA Championship,” said Steve Ballmer, Chairman of the L.A. Clippers. “Blake is one of the best players ever to wear a Clippers jersey. We want to express our gratitude and respect for everything he has done for this team and the City of Los Angeles. This was a very difficult decision, but we ultimately felt it was appropriate for the franchise,” said Lawrence Frank, President of Basketball Operations. “We would also like to thank Brice and Willie for their contributions to our organization.” Harris, 25, has appeared in 48 games (all starts) for Detroit this season, averaging 18.1 points, 5.1 rebounds and 2.0 assists, while shooting 40.9% from three-point range in 32.6 minutes. The 6’9” 235-pound forward has appeared in 432 career games across seven NBA seasons with Milwaukee, Orlando and Detroit, holding career averages of 14.3 points, 5.6 rebounds and 1.6 assists in 29.3 minutes. Selected 19th overall by Milwaukee out of the University of Tennessee in 2011, Harris was a 2010 McDonald’s All-American. Bradley, 27, has appeared in 40 games (all starts) for Detroit this season, averaging 15.0 points, 2.4 rebounds and 1.15 steals, while shooting 38.1% from three-point range in 31.7 minutes. The 6’2”, 180-pound guard has appeared in 453 career games across eight NBA seasons with Boston and Detroit, holding career averages of 12.4 points, 3.0 rebounds and 1.09 steals in 28.4 minutes. Bradley was named to the 2016 NBA All-Defensive...

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Maricann Group Inc. Announces $70 Million Bought Deal Equity Financing

By on Jan 30, 2018 in Press Release | 0 comments

BURLINGTON, ONTARIO–(Marketwired – Jan. 29, 2018) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Maricann Group Inc. (CSE:MARI)(CSE:MARI.CN)(CNSX:MARI)(OTCQB:MRRCF)(FRANKFURT:75M) (“Maricann” or the “Company“), is pleased to announce that it has entered into a letter of engagement with Eight Capital, under which Eight Capital has agreed to purchase, as joint bookrunner and co-lead underwriter with Canaccord Genuity Corp. (“Canaccord), and along with a syndicate of underwriters including GMP Securities L.P., Industrial Alliance Securities Inc. and Clarus Securities Inc. (together with Eight Capital and Canaccord, the “Underwriters“), 17,500,000 units of the Company (the “Units“), on a “bought deal” basis pursuant to a filing of a short form prospectus, subject to all required regulatory approvals, at a price per Unit of $4.00 (the “Issue Price“) for gross proceeds of $70,000,000 (the “Offering“). The Company has agreed to grant Eight Capital an over-allotment option to purchase up to an additional 15% of the Units at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $10,500,000 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be $80,500,000. Each Unit will be comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (each a “Warrant“). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $4.15, for a period of 36 months following the closing of the Offering. The Company intends to use the net proceeds of the Offering for acquisitions, capital expenditures and for working capital and general corporate purposes. The closing date of the Offering is scheduled to be on or about February 23, 2018 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange and the applicable securities regulatory authorities. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which...

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Press Release: Join The Tandana Foundation for its Enriching Spring 2018 Health Care Volunteer Vacation in Ecuador

By on Jan 28, 2018 in Press Release | 0 comments

The Tandana Foundation is offering individuals a unique opportunity to combine their desire to see the world with their desire to help others. Tandana will hold its 23rd Health Care Volunteer Vacation in Quichinche Parish, located in the breathtakingly beautiful highlands of Ecuador. Volunteers will work as a team to provide medical care to individuals in rural communities surrounding the city of Otavalo. Both healthcare providers and other willing volunteers are needed. The dates of the trip are March 31st to April 14th. Interested volunteers can register to participate in either of the two weeks, or both. This volunteer vacation will give participants a chance to experience the culture of Ecuador as guests rather than tourists and form cross-cultural friendships. An orientation and welcome session will be held on the first day where volunteers will be trained in their roles and learn basic Spanish and Kichwa phrases. The team will visit different communities and provide medical care from 9 a.m. to 1 p.m. working out of either an elementary school or community center. In the afternoons, volunteers will have the opportunity to learn more about the culture through guided activities, optional hikes, and through meeting friends of The Tandana Foundation. Afternoon activities may include hikes to sacred sites, waterfalls, cooking classes, a trip to the world-renowned Otavalo market and visits to craftspeople and traditional healers. At night, volunteers will relax and socialize together in a comfortable inn. This trip costs $1,650 for one week and $2,900 for both weeks. These costs are based on double occupancy. Single supplement is $150 per week. These costs do not include airfare but do include transportation in Ecuador, food, lodging, and all planned group activities. For more information on the Health Care Volunteer Vacation or to register for the trip, please visit Tandana’s Health Care Volunteer Vacations webpage...

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