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News Article | May 10, 2017
Site: www.prweb.com

The President’s Volunteer Service Award (PVSA) is the prestigious volunteer award that recognizes United States citizens who have achieved the required number of hours of service in a 12 month period or cumulative hours over the course of a lifetime. ETC host families and siblings can earn the PVSA by hosting an ETC exchange student for 5 or 10 months. The awards are offered in multiple levels and are designed to recognize each milestone of your service achievement. Host siblings as young as 5 years old can earn either a bronze, silver or gold award. Along with the premier honor of receiving the PVSA, recipients receive a personalized certificate, an official pin, and a congratulatory letter from the president of the United States. Having the PVSA award on a college application or resume can set you apart from the competition. Colleges and organizations love to see students who find a specific area of interest and can give back to the community. ETC host families host for several different reasons. Some decide to host to increase their family’s cultural awareness or to learn a new language, and others host to experience what it’s like to parent a teen, to have a positive role model for their children, or to simply help make a student’s dream come true. Hosting an exchange student is a priceless investment. Your most important contribution is far from monetary. It comes from your heart—a willingness to open your home, welcome a student to our country, and make them feel like a true member of the family. For Josh and Marianne Paddock, host parents in Colorado Springs, CO, hosting was all about sharing the American dream and creating lasting relationships. “It was meant to be. We did not intend to host an exchange student since we already have four kids and four fur babies. It all started when I was browsing on a networking page where I stumbled upon a post about a boy from Korea looking for a host family. I showed the post to my husband who happened to be a retired Korean linguist in the US Marine Corps. When he was young, he too was as an exchange student in Norway and he had an amazing time. We thought, how nice would it be to share that experience with this wonderful child named Sae Young. Here’s the best part, he didn’t mind a hectic household with crazy Golden Retrievers and even had a request that he wanted siblings considering he is an only child with a pet hedgehog. Little did we know the experience will create a huge impact to all of us. Just a perfect peg in a round hole! He fit right in as if he was ours. He immediately warmed up to our lifestyle and even the way we communicate which is full of puns, sarcasm, and jokes. Sae and our younger boys have so much in common in their preferred sports, their food preference, the music they listen to, and much more. He witnessed the election and the Denver Broncos winning the Super Bowl. He even sang Karaoke with us! Sae learned American slangs and has become like his silly host brothers. He went from bowing with hands together to begging for hugs, from being quiet to throwing punch lines, and even giving gag gifts. We created wonderful memories at home and traveled to 15 states with Sae. We developed a lasting friendship with Sae and his family and we continue to stay in touch to this day. One year seems like a long time. I suggest not paying attention to it. Instead, live your lives as it is and have fun with the experience. I am teary-eyed just remembering the day he left to go back to Korea. It was harder than we thought it would be for us and Sae. We are thankful he chose us and we will hold on to those memories forever.” About Education, Travel & Culture: Education Travel & Culture is a non-profit [501(c)(3)] educational exchange organization. Its purpose is to promote international understanding and goodwill by providing high quality educational and cultural exchange programs in the United States and abroad. ETC provides inbound program opportunities for high school students throughout the world to study in an American high school and live with an American family. Part time, telecommute positions are also available. If you have a passion for education, travel, and culture, then join our team! For more information, FAQs or to apply to become a host family or Local Coordinator, visit http://www.edutrav.org or email Field Director, Brenda Ferland at bferland(at)edutrav.org


News Article | May 12, 2017
Site: globenewswire.com

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). 3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (b)        Agreements, arrangements or understandings relating to options or derivatives Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk. DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC. Note 5(i) on Rule 8 of the Takeover Code (the "Code") 3.         AGREEMENTS TO PURCHASE OR SELL ETC. It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives. The currency of all prices and other monetary amounts should be stated. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.


THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS. Further to the announcement on 8 May 2017 of the intention of New Energy Investment S.à r.l. (‘NEI’) to sell, by way of an accelerated bookbuild offering to institutional investors, up to 8,828,000 existing shares in DONG Energy A/S (‘DONG Energy’) (the ’Transaction’), DONG Energy has just received the following information from NEI: • NEI has decided to increase the amount of existing shares in DONG Energy subject to the Transaction to up to 10,509,527 existing shares in DONG Energy due to strong investor demand. • A further notice will be given on behalf of NEI following completion of the bookbuilding and pricing of the Transaction. • Assuming the entire amount of shares available in the Transaction, as increased in this announcement, is sold, immediately following completion of the Transaction, NEI will hold 18,935,215 shares in DONG Energy corresponding to approximately 4.5% of the share capital in DONG Energy. DONG Energy will not receive any proceeds from the Transaction. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘SECURITIES ACT’’), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE IS NO INTENTION TO REGISTER ANY SECURITIES REFERRED TO HEREIN IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THE SECURITIES MAY NOT AND WILL NOT BE OFFERED OR SOLD IN CANADA, JAPAN AND AUSTRALIA. WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHICH HAVE IMPLEMENTED DIRECTIVE 2003/71/EC AS AMENDED (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE ‘PROSPECTUS DIRECTIVE’) (EACH A ’RELEVANT MEMBER STATE’), NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE AN OFFER TO THE PUBLIC OF THE SECURITIES REFERRED TO HEREIN REQUIRING THE PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE. AS A RESULT, THESE SECURITIES MAY ONLY BE OFFERED OR SOLD IN ANY RELEVANT MEMBER STATE PURSUANT TO AN EXEMPTION UNDER THE PROSPECTUS DIRECTIVE. THIS ANNOUNCEMENT IS ONLY ADDRESSED TO, AND DIRECTED AT, PERSONS IN RELEVANT MEMBER STATES WHO ARE ‘QUALIFIED INVESTORS’ WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE PROSPECTUS DIRECTIVE (‘QUALIFIED INVESTORS’). IN THE UNITED KINGDOM, THIS ANNOUNCEMENT IS DIRECTED ONLY AT, QUALIFIED INVESTORS (I) WHO ARE ’INVESTMENT PROFESSIONALS’ FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE ’ORDER’), OR (II) PERSONS FALLING WITHIN ARTICLE 49(2)(A)-(D) (‘HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC’) OF THE ORDER ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS (’RELEVANT PERSONS’). UNDER NO CIRCUMSTANCES SHOULD PERSONS WHO ARE NOT RELEVANT PERSONS RELY OR ACT UPON THE CONTENTS OF THIS ANNOUNCEMENT. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IN THE UNITED KINGDOM IS AVAILABLE ONLY TO, AND WILL BE ENGAGED ONLY WITH, RELEVANT PERSONS. IN DENMARK, THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO ARE QUALIFIED INVESTORS.


THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS. Further to the announcement on 8 May 2017 of the intention of New Energy Investment S.à r.l. (‘NEI’) to sell, by way of an accelerated bookbuild offering to institutional investors, up to 8,828,000 existing shares in DONG Energy A/S (‘DONG Energy’) (the ’Transaction’), DONG Energy has just received the following information from NEI: • NEI has decided to increase the amount of existing shares in DONG Energy subject to the Transaction to up to 10,509,527 existing shares in DONG Energy due to strong investor demand. • A further notice will be given on behalf of NEI following completion of the bookbuilding and pricing of the Transaction. • Assuming the entire amount of shares available in the Transaction, as increased in this announcement, is sold, immediately following completion of the Transaction, NEI will hold 18,935,215 shares in DONG Energy corresponding to approximately 4.5% of the share capital in DONG Energy. DONG Energy will not receive any proceeds from the Transaction. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘SECURITIES ACT’’), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE IS NO INTENTION TO REGISTER ANY SECURITIES REFERRED TO HEREIN IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THE SECURITIES MAY NOT AND WILL NOT BE OFFERED OR SOLD IN CANADA, JAPAN AND AUSTRALIA. WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHICH HAVE IMPLEMENTED DIRECTIVE 2003/71/EC AS AMENDED (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE ‘PROSPECTUS DIRECTIVE’) (EACH A ’RELEVANT MEMBER STATE’), NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE AN OFFER TO THE PUBLIC OF THE SECURITIES REFERRED TO HEREIN REQUIRING THE PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE. AS A RESULT, THESE SECURITIES MAY ONLY BE OFFERED OR SOLD IN ANY RELEVANT MEMBER STATE PURSUANT TO AN EXEMPTION UNDER THE PROSPECTUS DIRECTIVE. THIS ANNOUNCEMENT IS ONLY ADDRESSED TO, AND DIRECTED AT, PERSONS IN RELEVANT MEMBER STATES WHO ARE ‘QUALIFIED INVESTORS’ WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE PROSPECTUS DIRECTIVE (‘QUALIFIED INVESTORS’). IN THE UNITED KINGDOM, THIS ANNOUNCEMENT IS DIRECTED ONLY AT, QUALIFIED INVESTORS (I) WHO ARE ’INVESTMENT PROFESSIONALS’ FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE ’ORDER’), OR (II) PERSONS FALLING WITHIN ARTICLE 49(2)(A)-(D) (‘HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC’) OF THE ORDER ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS (’RELEVANT PERSONS’). UNDER NO CIRCUMSTANCES SHOULD PERSONS WHO ARE NOT RELEVANT PERSONS RELY OR ACT UPON THE CONTENTS OF THIS ANNOUNCEMENT. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IN THE UNITED KINGDOM IS AVAILABLE ONLY TO, AND WILL BE ENGAGED ONLY WITH, RELEVANT PERSONS. IN DENMARK, THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO ARE QUALIFIED INVESTORS.


THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS. With reference to the announcement made on 8 May, 2017, DONG Energy A/S (‘DONG Energy’) (NASDAQ OMX: DENERG), has received the following information from New Energy Investment S.à.r.l. (‘NEI’): • NEI has agreed to sell 10,509,527 existing shares in DONG Energy, equivalent to 2.5% of the existing shares in DONG Energy to institutional investors at a price of DKK 270 per share, pursuant to an accelerated bookbuild offering (the ‘Transaction’). NEI is a Luxembourg company indirectly owned by entities under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc. • Following settlement of the Transaction, NEI will hold 18,935,215 shares in DONG Energy corresponding to 4.5% of the existing shares in DONG Energy. • NEI has agreed to a 90-day lock-up period from yesterday, subject to waiver with the prior written consent of a certain manager conducting the bookbuilding process and to certain customary exceptions. DONG Energy will not receive any proceeds from the Transaction. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘SECURITIES ACT’), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE IS NO INTENTION TO REGISTER ANY SECURITIES REFERRED TO HEREIN IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THE SECURITIES MAY NOT AND WILL NOT BE OFFERED OR SOLD IN CANADA, JAPAN AND AUSTRALIA. WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHICH HAVE IMPLEMENTED DIRECTIVE 2003/71/EC AS AMENDED (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE ‘PROSPECTUS DIRECTIVE’) (EACH A ‘RELEVANT MEMBER STATE’), NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE AN OFFER TO THE PUBLIC OF THE SECURITIES REFERRED TO HEREIN REQUIRING THE PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE. AS A RESULT, THESE SECURITIES MAY ONLY BE OFFERED OR SOLD IN ANY RELEVANT MEMBER STATE PURSUANT TO AN EXEMPTION UNDER THE PROSPECTUS DIRECTIVE. THIS ANNOUNCEMENT IS ONLY ADDRESSED TO, AND DIRECTED AT, PERSONS IN RELEVANT MEMBER STATES WHO ARE ‘QUALIFIED INVESTORS’ WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE PROSPECTUS DIRECTIVE (‘QUALIFIED INVESTORS’). IN THE UNITED KINGDOM, THIS ANNOUNCEMENT IS DIRECTED ONLY AT QUALIFIED INVESTORS (I) WHO ARE ‘INVESTMENT PROFESSIONALS’ FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE ‘ORDER’), OR (II) PERSONS FALLING WITHIN ARTICLE 49(2)(A)-(D) (‘HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC’) OF THE ORDER, ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS (‘RELEVANT PERSONS’). UNDER NO CIRCUMSTANCES SHOULD PERSONS WHO ARE NOT RELEVANT PERSONS RELY OR ACT UPON THE CONTENTS OF THIS ANNOUNCEMENT. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IN THE UNITED KINGDOM IS AVAILABLE ONLY TO, AND WILL BE ENGAGED ONLY WITH, RELEVANT PERSONS. IN DENMARK, THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO ARE QUALIFIED INVESTORS.


News Article | May 9, 2017
Site: www.businesswire.com

CULVER CITY, Calif.--(BUSINESS WIRE)--The second, third and fourth subheadlines of the release dated May 9, 2017 have been revised. Earnings Call Webcast was posted on our Corporate Website on Wednesday, May 10, 2017 discussing 2017 First Quarter Financial Results Reading International, Inc. (NASDAQ: RDI) today announced results for the first quarter ended March 31, 2017. Consolidated revenues for the first quarter of 2017 increased by 7% (or $4.7 million) primarily due to higher admissions and increased food & beverage (“F&B”) revenues in our cinema businesses in the U.S. and Australia, offset by lost revenue from the closure of our Courtenay Central cinema in Wellington, New Zealand due to an earthquake in November 2016. Our Courtenay Central cinema re-opened on March 29, 2017. For the first quarter, on a local currency basis, revenues for U.S. and Australia increased by 5% and 11%, respectively. Q1 2017 Revenues represented the highest level achieved for any first quarter in our company’s history. Earnings per share (“EPS”) for the quarter was $0.13, compared to prior-year quarter of $0.10. The $0.03 increase in our EPS was primarily driven by: (i) 46% increase in our segment operating income in our Australian cinema operations due to increased attendance and higher F&B revenues, enhancing our EPS by $0.06, (ii) foreign currency gain recognized on short-term intercompany loans, which increased our EPS by $0.02, and (iii) offset by a $0.05 reduction due to the temporary closure of our Courtenay Central entertainment-themed center (“ETC”) in Wellington, New Zealand, as a result of the previously-mentioned earthquake. The following table summarizes the first quarter results for 2017 and 2016: “We continued to break records in the first quarter of 2017 as our revenues and operating income for the period represented the highest level achieved for any first quarter in the history of our company,” said Ellen Cotter, Chair, President and Chief Executive Officer. “During the quarter, we grew our cinema circuit and executed on our global cinema strategy, which helped drive our performance with increased attendance and higher food and beverage revenues. We are making tangible progress on our three-year business strategy to elevate the cinematic experience for our guests and the continued redevelopment of our real estate assets to drive long-term value for stockholders.” The following table summarizes the first quarter segment operating results for 2017 and 2016: Cinema operating income for the first quarter 2017 increased 18% or $1.4 million, to $9.1 million over the prior-year quarter, primarily driven by higher admission and F&B revenues and the favorable foreign currency movements on our Foreign Operations. These were offset by the temporary closure of our Courtenay Central Cinemas in Wellington, New Zealand due to the earthquake. Refer below for the operating results by country: The top three grossing films for the first quarter 2017 were “Beauty and the Beast”, “Logan”, and “Lion” representing approximately 21% of Reading’s worldwide admission revenues for the quarter. The top three grossing films in the first quarter 2016 for Reading’s worldwide cinema circuits were “Deadpool”, “Star Wars: The Force Awakens”, and “Batman v Superman: Dawn of Justice”, which represented approximately 28% of Reading’s admission revenues for the first quarter of 2016. Real estate segment operating income for the first quarter 2017 decreased 38% or $795,000 compared to 2016, to $1.3 million, primarily driven by lower property revenues in New Zealand due to the closure of our Courtenay Central ETC for most of the quarter. The first quarter consolidated and non-segment results for 2017 and 2016 are summarized as follows: Net income attributable to RDI common stockholders for the first quarter 2017 increased by $803,000, or 36%, to $3.0 million, mainly attributable to (i) an increase in our segment operating income due to increased attendance in our cinema businesses in the U.S. and Australia, (ii) the foreign currency gain recognized on short-term intercompany loans, and (iii) offset by the impact of the closure of our Courtenay Central ETC as a result of the November 2016 earthquake. The key non-segment factors affecting our consolidated results for the First Quarter 2017 are discussed in more detail below: Total assets increased to $410.4 million at March 31, 2017, compared to $405.8 million at December 31, 2016, primarily driven by (i) increases in our operating and investment properties during the quarter, and (ii) foreign currency movements of the asset accounts on our Australian and New Zealand operations based on the relative strengthening of the currencies on these economies to the U.S. dollar. Cash and cash equivalents at March 31, 2017 were $11.0 million, including $7.2 million in the U.S., $2.6 million in Australia, and $1.2 million in New Zealand. We manage our cash, investments and capital structure so we are able to meet short-term and long-term obligations for our business, while maintaining financial flexibility and liquidity. The table below demonstrates the changes in our financing arrangements, working capital position and other relevant information addressing our liquidity for the quarter ended March 31, 2017 and preceding four years: Below is a summary of the available credit facilities as of March 31, 2017: The $62.1 million representing borrowings restricted for capital projects is composed of the $49.5 million and $12.6 million (NZ$18.0 million) unused capacity for Union Square development uses and construction funding for New Zealand operations, respectively. Our overall global operating strategy is to conduct business mostly on a self-funding basis (except for funds used to pay an appropriate share of our U.S. corporate overhead). However, we may decide to move funds between jurisdictions where circumstances merit such action. For example, given the interest savings generated from using funds through the repayment of intercompany loans by our Australian subsidiary to finance a portion of our Union Square redevelopment project rather than paying for high interest mezzanine loans (which will yield overall notional all-in interest savings of approximately 10.0%), we moved $20.0 million of our intercompany loan to short-term from long-term category. Effectively, we sourced our Union Square financing needs from our available credit line in Australia and moved it from our Australian subsidiary to the U.S. as a repayment of intercompany loans. As a result, we recognized a gain of $825,000 representing the foreign currency movement on the intercompany advances based on the relative strengthening of the Australian dollar to the U.S. dollar for the quarter ended March 31, 2017. This earnings release presents aggregate segment operating income, and EBITDA, which are important financial measures for the Company, but are not financial measures defined by U.S. GAAP. These measures should be reviewed in conjunction with the relevant U.S. GAAP financial measures and are not presented as alternative measures of EPS, cash flows or net income as determined in accordance with US GAAP. Aggregate segment operating income and EBITDA as we have calculated them may not be comparable to similarly titled measures reported by other companies. Aggregate segment operating income – we evaluate the performance of our business segments based on segment operating income, and management uses aggregate segment operating income as a measure of the performance of operating businesses separate from non-operating factors. We believe that information about aggregate segment operating income assists investors by allowing them to evaluate changes in the operating results of the Company’s portfolio of business separate from non-operational factors that affect net income, thus providing separate insight into both operations and the other factors that affect reported results. Refer to “Consolidated and Non-Segment Results” for a reconciliation of segment operating income to net income. EBITDA – we present EBITDA as a supplemental measure of its performance, which is commonly used in our industry. We define EBITDA as net income adjusted for interest expense (net of interest income), income tax expense, depreciation and amortization expense, and an adjustment of interest expense, depreciation, and amortization for discontinued operations, if any. EBITDA is a non-GAAP financial measure commonly used in our industry and should not be construed as an alternative to net earnings (loss) as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (as determined in accordance with U.S. GAAP). We have included EBITDA in this Earnings Release, as we believe that it provides management and our investors with additional information necessary to properly measure our performance and liquidity, estimate our value and evaluate our ability to service debt. Adjusted EBITDA – using the principles, we consistently apply to determine our EBITDA, we further adjusted the EBITDA for a certain item we believe are appropriate adjustable item, described as follows: We have not made adjustments for any gains relating to property sales in line with our overall business strategy that any time, we may decide to dispose of any property when we believe that an asset had reached the highest value that we could reasonably achieve without investing substantial additional sums for land use planning, construction and marketing. Reconciliation of EBITDA to net income is presented below: We plan to post our pre-recorded conference call and audio webcast on our corporate website on Wednesday May 10, 2017 that will feature prepared remarks from Ellen Cotter, President & Chief Executive Officer; Dev Ghose, Executive Vice President & Chief Financial Officer; and Andrzej Matyczynski, Executive Vice President - Global Operations. A pre-recorded question and answer session will follow our formal remarks. Questions and topics for consideration should be submitted to InvestorRelations@readingrdi.com by close of business on Tuesday, May 9, 2017. The audio webcast can be accessed by visiting http://www.readingrdi.com/Presentations. Reading International (http://www.readingrdi.com) is in the business of owning and operating cinemas and developing, owning, and operating real estate assets. Our business consists primarily of: Reading manages its worldwide business under various brands: Our statements in this press release contain a variety of forward-looking statements as defined by the Securities Litigation Reform Act of 1995. Forward-looking statements reflect only our expectations regarding future events and operating performance and necessarily speak only as of the date the information was prepared. No guarantees can be given that our expectation will in fact be realized, in whole or in part. You can recognize these statements by our use of words such as, by way of example, “may,” “will,” “expect,” “believe,” and “anticipate” or other similar terminology. These forward-looking statements reflect our expectation after having considered a variety of risks and uncertainties. However, they are necessarily the product of internal discussion and do not necessarily completely reflect the views of individual members of our Board of Directors or of our management team. Individual Board members and individual members of our management team may have different views as to the risks and uncertainties involved, and may have different views as to future events or our operating performance. Among the factors that could cause actual results to differ materially from those expressed in or underlying our forward-looking statements are the following: The above list is not necessarily exhaustive, as business is by definition unpredictable and risky, and subject to influence by numerous factors outside of our control, such as changes in government regulation or policy, competition, interest rates, supply, technological innovation, changes in consumer taste and fancy, weather, and the extent to which consumers in our markets have the economic wherewithal to spend money on beyond-the-home entertainment. Given the variety and unpredictability of the factors that will ultimately influence our businesses and our results of operation, no guarantees can be given that any of our forward-looking statements will ultimately prove to be correct. Actual results will undoubtedly vary and there is no guarantee as to how our securities will perform, either when considered in isolation or when compared to other securities or investment opportunities. Finally, we undertake no obligation to publicly update or to revise any of our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law. Accordingly, you should always note the date to which our forward-looking statements speak. Additionally, certain of the presentations included in this press release may contain “pro forma” information or “non-U.S. GAAP financial measures.” In such case, a reconciliation of this information to our U.S. GAAP financial statements will be made available in connection with such statements.


THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS. DONG Energy A/S (‘DONG Energy’) (NASDAQ OMX: DENERG), has received the following information from New Energy Investment S.à.r.l. (‘NEI’): • NEI has launched an accelerated bookbuild offering to institutional investors (the ‘Transaction’) of 8,828,000 existing shares in DONG Energy, equivalent to 2.1% of the existing shares in DONG Energy. NEI is a Luxembourg company indirectly owned by entities under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc. • A further notice will be issued on behalf of NEI following completion of the bookbuilding and pricing of the Transaction. • NEI has agreed to a 90-day lock-up period from the date hereof, subject to waiver with the prior written consent of a certain manager conducting the bookbuilding process and to certain customary exceptions. • Assuming all the shares available in the Transaction are sold, NEI will, after completion of the Transaction, hold 20,616,742 shares in DONG Energy corresponding to 4.9% of the existing shares in DONG Energy. DONG Energy will not receive any proceeds from the Transaction. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘SECURITIES ACT‘), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE IS NO INTENTION TO REGISTER ANY SECURITIES REFERRED TO HEREIN IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THE SECURITIES MAY NOT AND WILL NOT BE OFFERED OR SOLD IN CANADA, JAPAN AND AUSTRALIA. WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHICH HAVE IMPLEMENTED DIRECTIVE 2003/71/EC AS AMENDED (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE ‘PROSPECTUS DIRECTIVE‘) (EACH A ‘RELEVANT MEMBER STATE‘), NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE AN OFFER TO THE PUBLIC OF THE SECURITIES REFERRED TO HEREIN REQUIRING THE PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE. AS A RESULT, THESE SECURITIES MAY ONLY BE OFFERED OR SOLD IN ANY RELEVANT MEMBER STATE PURSUANT TO AN EXEMPTION UNDER THE PROSPECTUS DIRECTIVE. THIS ANNOUNCEMENT IS ONLY ADDRESSED TO, AND DIRECTED AT, PERSONS IN RELEVANT MEMBER STATES WHO ARE ‘QUALIFIED INVESTORS‘ WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE PROSPECTUS DIRECTIVE (‘QUALIFIED INVESTORS’). IN THE UNITED KINGDOM, THIS ANNOUNCEMENT IS DIRECTED ONLY AT, QUALIFIED INVESTORS (I) WHO ARE ‘INVESTMENT PROFESSIONALS’ FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE ‘ORDER’), OR (II) PERSONS FALLING WITHIN ARTICLE 49(2)(A)-(D) (‘HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC’) OF THE ORDER, ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS (‘RELEVANT PERSONS’). UNDER NO CIRCUMSTANCES SHOULD PERSONS WHO ARE NOT RELEVANT PERSONS RELY OR ACT UPON THE CONTENTS OF THIS ANNOUNCEMENT. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IN THE UNITED KINGDOM IS AVAILABLE ONLY TO, AND WILL BE ENGAGED ONLY WITH, RELEVANT PERSONS. IN DENMARK, THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO ARE QUALIFIED INVESTORS.


News Article | May 11, 2017
Site: globenewswire.com

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). 3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (b)        Agreements, arrangements or understandings relating to options or derivatives Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk. DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC. Note 5(i) on Rule 8 of the Takeover Code (the "Code") 3.         AGREEMENTS TO PURCHASE OR SELL ETC. It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives. The currency of all prices and other monetary amounts should be stated. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.


News Article | May 10, 2017
Site: globenewswire.com

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). 3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (b)        Agreements, arrangements or understandings relating to options or derivatives Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk. DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC. Note 5(i) on Rule 8 of the Takeover Code (the "Code") 3.         AGREEMENTS TO PURCHASE OR SELL ETC. It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives. The currency of all prices and other monetary amounts should be stated. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.


THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS. Further to the announcement on 8 May 2017 of the intention of New Energy Investment S.à r.l. (‘NEI’) to sell, by way of an accelerated bookbuild offering to institutional investors, up to 8,828,000 existing shares in DONG Energy A/S (‘DONG Energy’) (the ’Transaction’), DONG Energy has just received the following information from NEI: • NEI has decided to increase the amount of existing shares in DONG Energy subject to the Transaction to up to 10,509,527 existing shares in DONG Energy due to strong investor demand. • A further notice will be given on behalf of NEI following completion of the bookbuilding and pricing of the Transaction. • Assuming the entire amount of shares available in the Transaction, as increased in this announcement, is sold, immediately following completion of the Transaction, NEI will hold 18,935,215 shares in DONG Energy corresponding to approximately 4.5% of the share capital in DONG Energy. DONG Energy will not receive any proceeds from the Transaction. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘SECURITIES ACT’’), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE IS NO INTENTION TO REGISTER ANY SECURITIES REFERRED TO HEREIN IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THE SECURITIES MAY NOT AND WILL NOT BE OFFERED OR SOLD IN CANADA, JAPAN AND AUSTRALIA. WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHICH HAVE IMPLEMENTED DIRECTIVE 2003/71/EC AS AMENDED (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE ‘PROSPECTUS DIRECTIVE’) (EACH A ’RELEVANT MEMBER STATE’), NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN TO MAKE AN OFFER TO THE PUBLIC OF THE SECURITIES REFERRED TO HEREIN REQUIRING THE PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER STATE. AS A RESULT, THESE SECURITIES MAY ONLY BE OFFERED OR SOLD IN ANY RELEVANT MEMBER STATE PURSUANT TO AN EXEMPTION UNDER THE PROSPECTUS DIRECTIVE. THIS ANNOUNCEMENT IS ONLY ADDRESSED TO, AND DIRECTED AT, PERSONS IN RELEVANT MEMBER STATES WHO ARE ‘QUALIFIED INVESTORS’ WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE PROSPECTUS DIRECTIVE (‘QUALIFIED INVESTORS’). IN THE UNITED KINGDOM, THIS ANNOUNCEMENT IS DIRECTED ONLY AT, QUALIFIED INVESTORS (I) WHO ARE ’INVESTMENT PROFESSIONALS’ FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE ’ORDER’), OR (II) PERSONS FALLING WITHIN ARTICLE 49(2)(A)-(D) (‘HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC’) OF THE ORDER ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS (’RELEVANT PERSONS’). UNDER NO CIRCUMSTANCES SHOULD PERSONS WHO ARE NOT RELEVANT PERSONS RELY OR ACT UPON THE CONTENTS OF THIS ANNOUNCEMENT. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IN THE UNITED KINGDOM IS AVAILABLE ONLY TO, AND WILL BE ENGAGED ONLY WITH, RELEVANT PERSONS. IN DENMARK, THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO ARE QUALIFIED INVESTORS.

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