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News Article | May 7, 2017
Site: news.yahoo.com

If the former NFL player's 2015 murder conviction is dismissed, his estate is likely to fetch millions of dollars, according to a report. Former New England Patriots tight end Aaron Hernandez was linked to the Bloods street gang, new documents related to the NFL star’s suicide revealed Friday, according to the Associated Press. The new death report lists the street gang under Hernandez's gang profile and also mentions that he was disciplined for having gang paraphernalia. The official term used was “STG,” which stands for Security Threat Group, a term for gangs in prison. Hernandez was serving a life sentence for a 2013 murder at the Souza-Baranowski Correctional Center in Lancaster, Massachusetts. Days after he was acquitted in a 2012 double murder, Hernandez was found hanging from a bed sheet in his cell at the maximum-security prison on April 19. Read: What Aaron Hernandez's Suicide Note To Fiancee Shayanna Jenkins Said After a request was made by the AP, Worcester District Attorney Joseph Early Jr. released the death report on Friday. The same day, one of the suicide notes left behind by former NFL star was also released by prosecutors. In the note, which was addressed to his fiancée Shayanna Jenkins-Hernandez, Hernandez said she would be rich even after his death. “You have always been my soul mate and I want you to live life and know I’m always with you,” the football player wrote. “I told you what was coming indirectly! I love you so much and know you are an angel- literally! “Tell my story fully but never think anything besides how much I love you,” he continued. “This was the supremes, the almightys plan, not mine! I love you! The noted ended with: “Let [redacted] know how much I love her! Look after [redacted] and [redacted] for me – those are my boys (YOURE RICH).” Watch TMZ on Yahoo View, available on iOS and Android. Soon after his death, a judge ordered that the notes be released to the people they were addressed to. Reports say that the two other notes that Hernandez wrote before committing suicide were addressed to his daughter and another close friend in prison, with whom Hernandez was reported to be in an intimate relationship. His lawyer, however, said that reports of such physical relationship were untrue. “Rumors of letters to a gay lover, in or out of prison, are false,” his lawyer Jose Baez said in a statement. “These are malicious leaks used to tarnish someone who is dead… Notwithstanding my unambiguous statement that there were no such letters, representatives, on behalf of an individual named Kyle Kennedy, continues to advise the media such a gay love letter exists.” Some reports also said that the third letter was addressed to Baez himself. According to Hernandez’s friends in prison, the news of his suicide came as a shock as he was very happy about his acquittal a few days earlier. “Since Friday's verdict he had been talking about the NFL and going back to play even if it wasn't with the Pats,” an inmate friend was reported saying. “He talked about his daughter and spending time with her.” On Thursday, Massachusetts State Police released an investigative report detailing the accounts of events after the death of former New England Patriots tight end. According to the report, the tracks of Hernandez’s cell door were jammed with cardboard to stop it from opening and shampoo was spilled across the prison floor to make it slippery. After the prison officers arrived at his cell, they found him found hanging naked from a bed sheet tied around window bars. The 27-year-old’s right middle finger had a fresh cut and adjacent fingers had blood on them, the report stated. Furthermore, “John 3:16” was written on Hernandez’s forehead and the prison walls. The Bible was open to John 3:16 that was highlighted with blood and placed under the drawings. The report also said the investigation to Hernandez was closed and his death was ruled out as a suicide.


News Article | May 5, 2017
Site: news.yahoo.com

This photo released on Thursday, May 4, 2017, in a report by the Massachusetts Department of Correction shows a Bible open to John 3:16, with the verse marked in blood, found in the cell of former New England Patriots player Aaron Hernandez after he was found hanged in his cell on April 19 at the Souza-Baranowski prison in Shirley, Mass. Hernandez was serving a life sentence in the 2013 murder of Odin Lloyd, who had been dating his fiancee's sister. (Massachusetts Department of Correction via AP) BOSTON (AP) — Former NFL star Aaron Hernandez was a member of the Bloods street gang and was disciplined for having gang paraphernalia, according to newly released documents related to the investigation into his prison suicide. A death report released Friday lists the Bloods under Hernandez's gang profile and says Hernandez was disciplined for having "STG" paraphernalia. In prison, "STG" stands for Security Threat Group, a euphemism for gangs. Hernandez, a former New England Patriots tight end, was found April 19 hanging from a bed sheet in his cell in a maximum-security prison, where he was serving a life sentence for a 2013 murder. His suicide came days after he was acquitted in a 2012 double slaying. Worcester District Attorney Joseph Early Jr. released the report in response to a public records request from The Associated Press. A separate court filing by prosecutors included excerpts from a suicide note left by Hernandez to his fiancee. "You have always been my soul-mate and I want you to live life and know I'm always with you," Hernandez wrote. In the handwritten note, Hernandez calls Shayanna Jenkins Hernandez a "true angel" and "the definition of God's love." He urges her to "tell my story fully, but never think anything besides how much I love you." The excerpts were included in a filing prosecutors made as part of their opposition to a motion by Hernandez's appellate attorneys to vacate his conviction under a state legal principle that says convictions can be erased if a defendant dies before his appeal is heard, as Hernandez did. A judge has scheduled a hearing Tuesday. The documents released by Early say that while Hernandez was housed in a Bristol County jail awaiting trial in the 2013 case he was disciplined for five violations: threatening to kill a correction officer and his family; submitting a urine sample that tested positive for a painkiller; committing an aggravated assault; refusing to obey an order; and possessing gang paraphernalia. Separate reports released Thursday by state police and the Department of Correction offer insight into Hernandez's final days. Interviews with inmates show Hernandez was excited about his acquittal in the double slaying and didn't appear to have thoughts of suicide. "They stated that he was positive and even happily emotional, which was not usual of Hernandez," the Department of Correction report states. An inmate friend said he was shocked by Hernandez's suicide because he seemed so upbeat after his acquittal. "Since Friday's verdict he had been talking about the NFL and going back to play even if it wasn't with the Pats," the inmate said, according to the report. "He talked about his daughter and spending time with her." The state police report said Hernandez wrote "John 3:16," a reference to a Bible verse, in ink on his forehead and in blood on a cell wall. The verse says: "For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." A Bible was nearby, open to John 3:16, with the verse marked by a drop of blood. Some inmates said Hernandez had become increasingly spiritual during his time in prison. Hernandez's lawyers in his double-murder trial have said he showed no signs he planned to kill himself. They have pledged to conduct an independent investigation into his death. The Department of Correction released prison records showing Hernandez was cited a dozen times for disciplinary issues, including physical altercations with other inmates, possessing a homemade weapon, getting a tattoo and having another inmate in his cell. Sanctions for those violations included the loss of his phone, gym and yard privileges. One report says Hernandez was "insolent" toward a correction officer and used a racial epithet after he was cited for tampering with a lock. "This place ain't (expletive) to me. I'll run this place and keep running (expletive). Prison ain't (expletive) to me," he said, according to the report. Hernandez, who grew up in Bristol, Connecticut, played three seasons for the Patriots before he was released by the team hours after his arrest in June 2013 in the killing of Odin Lloyd, who was dating his fiancee's sister. He was convicted of murder and sentenced to life in prison without parole.


News Article | May 4, 2017
Site: www.businesswire.com

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) reported that Q1 2017 net income attributable to the Company was $10.8 million, including a net charge of $0.8 million for income tax adjustments. Q1 2016 net income attributable to the Company was $13.5 million, including favorable income tax adjustments of $1.0 million. Q1 2017 income before income taxes was $17.5 million, including restructuring charges of $2.7 million, and losses from foreign currency revaluation of $1.9 million. Q1 2017 income before income taxes also includes $0.6 million of professional fees related to the integration of the Q2 2016 acquisition of Harris Corporation’s composite aerostructures division (referred to below as “SLC”). Q1 2016 income before income taxes was $20.4 million, including restructuring charges of $0.7 million, losses of $1.4 million from foreign currency revaluation, and $1.6 million of expenses related to the acquisition. Table 1 summarizes key financial metrics of SLC, which is included in the AEC segment: Table 2 summarizes net sales and the effect of changes in currency translation rates: In comparison to Q1 2016, MC net sales increased in tissue and packaging grades but that increase was offset by declines in the publication grades. The increase in AEC net sales was primarily due to the Q2 2016 acquisition and growth in LEAP. First-quarter gross profit increased to $75.9 million in 2017 from $72.5 million in 2016. Gross profit margin in Q1 2017 was 38.1% compared to 42.1% in Q1 2016, reflecting the change in the business mix due to higher AEC sales. MC gross profit was $69.2 million (48.5% of net sales) in Q1 2017, compared to $69.6 million (47.9% of net sales) in Q1 2016. AEC gross profit increased to $6.8 million (12.1% of net sales) in Q1 2017, compared to $3.1 million (11.5% of net sales) in Q1 2016. Q1 2017 selling, technical, general, and research (STG&R) expenses were $51.2 million, or 25.7% of net sales, including losses of $1.8 million from the revaluation of nonfunctional-currency assets and liabilities, and $0.6 million of professional fees related to the integration of SLC. Q1 2016 STG&R expenses were $49.6 million, or 28.8% of net sales, including losses of $1.9 million from the revaluation of nonfunctional-currency assets and liabilities, and $1.6 million of expenses related to the Q2 2016 acquisition. The reduction in STG&R expenses as a percentage of net sales in 2017 reflects the relative growth of AEC which carries lower STG&R expenses as a percentage of net sales. The following table summarizes first-quarter expenses associated with internally funded research and development by segment: The following table summarizes first-quarter operating income by segment: AEC incurred restructuring charges of $2.6 million in the first quarter of 2017, principally related to a reduction in personnel in SLC. Table 5 presents the effect on operating income resulting from restructuring, currency revaluation, and acquisition expenses: Q1 2017 Other income/expense, net, was expense of $0.2 million, including losses related to the revaluation of nonfunctional-currency balances of $0.1 million. Q1 2016 Other income/expense, net, was income of $0.3 million, including income related to the revaluation of nonfunctional-currency balances of $0.5 million. The following table summarizes currency revaluation effects on certain financial metrics: Q1 2017 Interest expense, net, was $4.3 million, compared to $2.2 million in Q1 2016. The increase was due to higher debt as a result of the acquisition of SLC in Q2 2016. The Company’s income tax rate based on income from continuing operations was 32.6% for Q1 2017, compared to 39.7% for Q1 2016. The decrease in the rate was due to a shift in the mix of pretax income in the jurisdictions in which we operate. Discrete tax items increased income tax expense by $0.8 million in Q1 2017, and decreased income tax expense by $1.0 million in Q1 2016. The following tables provide a reconciliation of operating income and net income to EBITDA and Adjusted EBITDA: Payments for capital expenditures increased to $25.1 million in Q1 2017, compared to $8.1 million in Q1 2016, primarily due to the ramp in AEC programs. Depreciation and amortization was $17.3 million in Q1 2017, compared to $14.8 million in Q1 2016. As noted in Table 1, depreciation and amortization for SLC was $3.9 million in Q1 2017. CFO and Treasurer John Cozzolino commented, “As is typical for the first quarter, cash flow was negatively impacted by incentive compensation payments, seasonal increases in accounts receivable and inventory, and high first-quarter income tax payments. In Q1 2017, these typical cash flow effects were compounded by sharp increases in receivables, inventory, and capital expenditures associated with multiple program ramps in AEC. For the total Company, the net effect of higher receivables and inventory, combined with reductions in accrued liabilities, was a use of cash of approximately $31 million during the quarter. Payments for capital expenditures in Q1 were about $25 million and we continue to estimate full-year spending in 2017 to be $95 million to $105 million. At this rate of spending for capital expenditures, we expect additional quarterly increases in net debt for the remainder of the year, but at a considerably lower level than in Q1. “Total debt decreased a little over $4 million to $480 million as of the end of the quarter, while cash balances decreased about $38 million to a total of $143 million. The combined effect of those two changes resulted in a $34 million increase to net debt (total debt less cash, see Table 14) to a balance of $337 million as of the end of the quarter. The Company’s leverage ratio, as defined in our primary debt agreements, was 2.30 at both the end of Q1 2017 and Q4 2016, well below our limit of 3.50. “The Company’s income tax rate based on income from continuing operations was about 33% in Q1 2017, compared to 35% for the full-year 2016. We continue to expect the full-year tax rate for 2017 to be similar to the rate in 2016. Cash paid for income taxes was about $9 million in Q1, and we estimate cash taxes in 2017 to range from $25 million to $30 million.” CEO Joseph Morone said, “In Q1 2017, both businesses continued to perform well and in line with our short- and long-term expectations and objectives. MC once again generated strong income and strong new product performance, while AEC once again generated strong growth and executed well on each of its key programs, while continuing to position itself for improved profitability and new business. “In MC, sales were essentially flat, both sequentially and in comparison to Q1 2016. There were no significant deviations from recent market trends during the quarter. Once again, a significant decline in publication grade sales was offset by incremental gains in the other grades, most notably during Q1 in tissue. By the end of Q1, the publication grades accounted for 23% of total sales, compared to 25% in Q1 2016, 27% in Q1 2015, and 30% in Q1 2014. Our new product performance continued to be strong across all product lines, especially in tissue. Competitive pricing pressure remained intense, particularly in Europe and Asia, although the topline impact was offset by volume growth in Asia. “Profitability was once again strong in Q1 2017 due to incremental productivity gains and good plant utilization. Gross margin, segment net income and Adjusted EBITDA were in line with the excellent performance levels of Q1 2016. “As for our outlook in MC, the market appears stable and we enter Q2 with a good order backlog. Although we have been anticipating and are seeing some inflationary pressures, MC remains on track toward its full-year objective of annual Adjusted EBITDA in the middle of that $180 million to $195 million range that we have discussed on numerous occasions. (See Table 15 for reconciliation to GAAP net income for this segment.) “AEC continued on its path of accelerating growth. Q1 sales grew to $56 million, from $27 million in Q1 2016, the last quarter before we acquired SLC. Excluding SLC, sales grew by $9 million or 34%. The quarter began slowly for AEC, but revenue accelerated as the quarter progressed, and the business remains on track toward its full-year target of 25% to 35% revenue growth over 2016. “The growth was led once again by LEAP. AEC continues to execute on the very aggressive LEAP ramp schedule, while the LEAP engine program continues to perform well in the marketplace. The order backlog for LEAP exceeded 12,000 engines at the end of Q1 with no signs of market softening, CFM delivered its 100th LEAP engine during the quarter, and the LEAP engines in service are performing well and meeting their performance targets. “Q1 sales in SLC were flat compared to Q4, but as with the rest of AEC, we expect a sharp increase in SLC sales for the balance of 2017. It has been a full year since our acquisition of SLC, and our experience to date – particularly our experience with SLC’s customers – validates our view of the growth potential that motivated the acquisition. In SLC’s key growth and legacy programs, the near- and long-term demand outlook is strong and SLC is meeting customer expectations. Of particular note since our last earnings call are two recent developments in the CH-53K program. SLC was informed during Q1 that it was selected by Sikorsky as its supplier of the year for the CH-53K. And in early April, the CH-53K program was officially approved by the Department of Defense to enter into low-rate initial production. At full-rate production next decade and with no additional content, this program has the potential to generate as much as $150 million per year of revenue. “While AEC segment net income declined compared to Q1 2016, due to increases in depreciation expense and restructuring, Adjusted EBITDA improved significantly, both in absolute terms and as a percent of sales. Profitability was held back by a still substantial effort to complete the integration of SLC into AEC. The AEC ERP system successfully went live in SLC in February, but the usual inefficiencies associated with learning a new system and modifying work processes will continue to be a drag on productivity well into the second half of the year. Shortly after the end of the quarter, SLC announced a significant restructuring, which coupled with continuous improvement in operations, should result in gradual improvements to profitability by the end of this year. “Q1 was also marked by a significant increase in new business development activity in AEC. As previously mentioned, AEC is pursuing new business opportunities on three fronts: existing aerospace platforms, new aerospace platforms, and diversification outside of aerospace. While there were promising developments during Q1 on all three fronts, the most notable were on existing aerospace platforms. AEC received a significant number of formal requests-for-proposal as well as more preliminary expressions of interest from a broad cross-section of OEMs, largely prompted by AEC’s execution and emphasis on lean manufacturing in its existing programs with those OEMs. “As for our outlook for AEC, we continue to expect full-year revenue to be 25% to 35% higher than full-year 2016, and Adjusted EBITDA as a percentage of sales to slowly improve. For the longer term, the intensity of new business development activity in Q1 suggests that there is more upside than downside risk to our current estimate of $450 million to $500 million revenue potential by 2020, as well as potential for substantial growth beyond 2020. “In sum, this was a good quarter for both businesses, as MC generated strong Adjusted EBITDA and AEC strong growth. Both businesses remain firmly on track toward their short- and long- term goals. For 2017, MC is on track toward full-year Adjusted EBITDA in the middle of our expected range, and AEC is on track for full-year revenue growth between 25% and 35% coupled with gradually improving Adjusted EBITDA as a percentage of sales.” Albany International is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. Albany International is headquartered in Rochester, New Hampshire, operates 22 plants in 10 countries, employs 4,400 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com. This release contains certain non-GAAP metrics, including: percent change in net sales excluding currency rate effects (for each segment and the Company as a whole); EBITDA and Adjusted EBITDA (for each segment and the Company as a whole, represented in dollars or as a percentage of net sales); net debt; and net income per share attributable to the Company, excluding adjustments. Such items are provided because management believes that, when reconciled from the GAAP items to which they relate, they provide additional useful information to investors regarding the Company’s operational performance. Presenting increases or decreases in sales, after currency effects are excluded, can give management and investors insight into underlying sales trends. EBITDA, or net income with interest, taxes, depreciation, and amortization added back, is a common indicator of financial performance used, among other things, to analyze and compare core profitability between companies and industries because it eliminates effects due to differences in financing, asset bases and taxes. An understanding of the impact in a particular quarter of specific restructuring costs, acquisition expenses, currency revaluation, or other gains and losses, on net income (absolute as well as on a per-share basis), operating income or EBITDA can give management and investors additional insight into core financial performance, especially when compared to quarters in which such items had a greater or lesser effect, or no effect. Restructuring expenses in the MC segment, while frequent in recent years, are reflective of significant reductions in manufacturing capacity and associated headcount in response to shifting markets, and not of the profitability of the business going forward as restructured. Net debt is, in the opinion of the Company, helpful to investors wishing to understand what the Company’s debt position would be if all available cash were applied to pay down indebtedness. EBITDA, Adjusted EBITDA and net income per share attributable to the Company, excluding adjustments, are performance measures that relate to the Company’s continuing operations. Percent changes in net sales, excluding currency rate effects, are calculated by converting amounts reported in local currencies into U.S. dollars at the exchange rate of a prior period. That amount is then compared to the U.S. dollar amount reported in the current period. The Company calculates EBITDA by removing the following from Net income: Interest expense net, Income tax expense, Depreciation and amortization. Adjusted EBITDA is calculated by: adding to EBITDA costs associated with restructuring and pension settlement charges; adding (or subtracting) revaluation losses (or gains); subtracting (or adding) gains (or losses) from the sale of buildings or investments; subtracting insurance recovery gains; subtracting (or adding) Income (or loss) attributable to the non-controlling interest in Albany Safran Composites (ASC); and adding expenses related to the Company’s acquisition of Harris Corporation’s composite aerostructures division. Adjusted EBITDA may also be presented as a percentage of net sales by dividing it by net sales. Net income per share attributable to the Company, excluding adjustments, is calculated by adding to (or subtracting from) net income attributable to the Company per share, on an after-tax basis: restructuring charges; discrete tax charges (or gains) and the effect of changes in the income tax rate; foreign currency revaluation losses (or gains); acquisition expenses; and losses (or gains) from the sale of investments. EBITDA, Adjusted EBITDA, and net income per share attributable to the Company, excluding adjustments, as defined by the Company, may not be similar to EBITDA measures of other companies. Such measures are not considered measurements under GAAP, and should be considered in addition to, but not as substitutes for, the information contained in the Company’s statements of income. The Company discloses certain income and expense items on a per-share basis. The Company believes that such disclosures provide important insight into underlying quarterly earnings and are financial performance metrics commonly used by investors. The Company calculates the quarterly per-share amount for items included in continuing operations by using the income tax rate based on income from continuing operations and the weighted-average number of shares outstanding for each period. Year-to-date earnings per-share effects are determined by adding the amounts calculated at each reporting period. The following table contains the calculation of net income per share attributable to the Company, excluding adjustments: The following table contains the calculation of net debt: The following table contains the reconciliation of MC 2017 projected Adjusted EBITDA to MC 2017 projected net income: * Due to the uncertainty of these items, management is currently unable to project restructuring expenses and foreign currency revaluation gains/losses for the remainder of the year. This press release may contain statements, estimates, or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” “should,” “look for,” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties (including, without limitation, those set forth in the Company’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q) that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. Forward-looking statements in this release or in the webcast include, without limitation, statements about macroeconomic, geopolitical and paper-industry trends and conditions during 2016 and in future years; expectations in 2017 and in future periods of sales, EBITDA, Adjusted EBITDA (both in dollars and as a percentage of net sales), income, gross profit, gross margin, cash flows and other financial items in each of the Company’s businesses, including the acquired composite aerostructures business, and for the Company as a whole; the timing and impact of production and development programs in the Company’s AEC business segment and the sales growth potential of key AEC programs, as well as AEC as a whole; the amount and timing of capital expenditures, future tax rates and cash paid for taxes, depreciation and amortization; future debt and net debt levels and debt covenant ratios; and changes in currency rates and their impact on future revaluation gains and losses. Furthermore, a change in any one or more of the foregoing factors could have a material effect on the Company’s financial results in any period. Such statements are based on current expectations, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. Statements expressing management’s assessments of the growth potential of its businesses, or referring to earlier assessments of such potential, are not intended as forecasts of actual future growth, and should not be relied on as such. While management believes such assessments to have a reasonable basis, such assessments are, by their nature, inherently uncertain. This release and earlier releases set forth a number of assumptions regarding these assessments, including historical results, independent forecasts regarding the markets in which these businesses operate, and the timing and magnitude of orders for our customers’ products. Historical growth rates are no guarantee of future growth, and such independent forecasts and assumptions could prove materially incorrect in some cases.


With reference to Article 19 of Regulation No. 596/2014 on Market Abuse the company hereby reports the following transactions: 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Niels Frederiksen 2. Reason for the notification a) Position/title CEO and member of the Executive Management b) Initial notification/amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Acquisition of shares c) Price(s) and volume(s) e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Sisse Fjelsted Rasmussen 2. Reason for the notification a) Position/title CFO and member of the Executive Management b) Initial notification/amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Grant of shares due to vesting of performance share units granted under transition share programme based on KPIs related to the 2016 financial year. c) Price(s) and volume(s) Aggregated price: DKK 148,811 e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen For further information, please contact: For media enquiries: Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152 or kaspar.bach@st-group.com. For investor enquiries: Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com. Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world leading producer of cigars and traditional pipe tobacco. The Group also produces fine-cut tobacco and sells tobacco-related accessories. The Group produces and sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian Tobacco Group believes it is the only company globally with a core strategic focus on production and distribution in all of these tobacco categories. Scandinavian Tobacco Group holds market-leading positions in the machine-made cigar market in Europe, the handmade cigar market in the US, the online and catalogue retail sales of cigars in the US, the traditional pipe tobacco market globally and in selected fine-cut tobacco markets. Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands providing a complementary range of established global brands and local champions. In the cigar segment, the brand portfolio comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns. As at 31 December 2016, the Group employed 7,600 people in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US. For more information please visit www.st-group.com.


With reference to Article 19 of Regulation No. 596/2014 on Market Abuse the company hereby reports the following transactions: 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Niels Frederiksen 2. Reason for the notification a) Position/title CEO and member of the Executive Management b) Initial notification/amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Acquisition of shares c) Price(s) and volume(s) e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Sisse Fjelsted Rasmussen 2. Reason for the notification a) Position/title CFO and member of the Executive Management b) Initial notification/amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Grant of shares due to vesting of performance share units granted under transition share programme based on KPIs related to the 2016 financial year. c) Price(s) and volume(s) Aggregated price: DKK 148,811 e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen For further information, please contact: For media enquiries: Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152 or kaspar.bach@st-group.com. For investor enquiries: Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com. Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world leading producer of cigars and traditional pipe tobacco. The Group also produces fine-cut tobacco and sells tobacco-related accessories. The Group produces and sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian Tobacco Group believes it is the only company globally with a core strategic focus on production and distribution in all of these tobacco categories. Scandinavian Tobacco Group holds market-leading positions in the machine-made cigar market in Europe, the handmade cigar market in the US, the online and catalogue retail sales of cigars in the US, the traditional pipe tobacco market globally and in selected fine-cut tobacco markets. Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands providing a complementary range of established global brands and local champions. In the cigar segment, the brand portfolio comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns. As at 31 December 2016, the Group employed 7,600 people in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US. For more information please visit www.st-group.com.


News Article | May 19, 2017
Site: globenewswire.com

Correction to Company Announcement no. 16: Reporting of Transactions by Person Discharging Managerial Responsibilities With reference to Article 19 of Regulation No. 596/2014 on Market Abuse the company hereby reports the following transactions: 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Sisse Fjelsted Rasmussen 2. Reason for the notification a) Position/title CFO and member of the Executive Management b) Initial notification/amendment Amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Acquisition of shares (in company announcement 16/2017 wrongly described differently) c) Price(s) and volume(s) Aggregated price: DKK 148,811 e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen For further information, please contact: For media enquiries: Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152 or kaspar.bach@st-group.com. For investor enquiries: Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com. Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world leading producer of cigars and traditional pipe tobacco. The Group also produces fine-cut tobacco and sells tobacco-related accessories. The Group produces and sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian Tobacco Group believes it is the only company globally with a core strategic focus on production and distribution in all of these tobacco categories. Scandinavian Tobacco Group holds market-leading positions in the machine-made cigar market in Europe, the handmade cigar market in the US, the online and catalogue retail sales of cigars in the US, the traditional pipe tobacco market globally and in selected fine-cut tobacco markets. Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands providing a complementary range of established global brands and local champions. In the cigar segment, the brand portfolio comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns. As at 31 December 2016, the Group employed 7,600 people in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US. For more information please visit www.st-group.com.


News Article | May 19, 2017
Site: globenewswire.com

Correction to Company Announcement no. 16: Reporting of Transactions by Person Discharging Managerial Responsibilities With reference to Article 19 of Regulation No. 596/2014 on Market Abuse the company hereby reports the following transactions: 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Sisse Fjelsted Rasmussen 2. Reason for the notification a) Position/title CFO and member of the Executive Management b) Initial notification/amendment Amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Acquisition of shares (in company announcement 16/2017 wrongly described differently) c) Price(s) and volume(s) Aggregated price: DKK 148,811 e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen For further information, please contact: For media enquiries: Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152 or kaspar.bach@st-group.com. For investor enquiries: Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com. Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world leading producer of cigars and traditional pipe tobacco. The Group also produces fine-cut tobacco and sells tobacco-related accessories. The Group produces and sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian Tobacco Group believes it is the only company globally with a core strategic focus on production and distribution in all of these tobacco categories. Scandinavian Tobacco Group holds market-leading positions in the machine-made cigar market in Europe, the handmade cigar market in the US, the online and catalogue retail sales of cigars in the US, the traditional pipe tobacco market globally and in selected fine-cut tobacco markets. Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands providing a complementary range of established global brands and local champions. In the cigar segment, the brand portfolio comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns. As at 31 December 2016, the Group employed 7,600 people in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US. For more information please visit www.st-group.com.


News Article | May 17, 2017
Site: www.businesswire.com

CLEARWATER, Fla.--(BUSINESS WIRE)--Tech Data Corporation (Nasdaq: TECD) today announced that it will now offer end-to-end support for deployments of Microsoft Surface Hub, a first-of-its-kind collaboration device designed to unlock the power of the group, to its channel of solution providers in the U.S. through Signature Technology Group (STG), its wholly owned subsidiary providing data center services. STG Tech Data will offer site assessment, physical installation, integrations, configurations and adoption trainings — enabling resellers to provide the ultimate customer experience for their end-user clients. “Our partners can now digitally transform their customers’ collaboration environments with confidence using the powerful Microsoft Surface Hub,” said Linda Rendleman, vice president of Product Marketing at Tech Data. “Studies prove that collaboration drives business now more than ever before. Our Surface Hub expertise gives our resellers the ability to quickly deploy and implement a state-of-the-art collaboration platform that will deliver greater ROI to their clients.” Tech Data also exclusively provides services to Authorized Device Resellers (ADR), who have the ability to white label the services as their own. Solution providers can seamlessly quote and order Surface Hub hardware and service with Tech Data for domestic deployments. These services offer resellers added capabilities to enhance their solution stack and coverage areas. “Tech Data delivers critical Microsoft Surface Hub services to the channel,” said Calin Turcanu, senior director, Product Marketing, Microsoft. “The domestic services STG Tech Data provides leverage the Hub’s ability to reduce meeting room costs, increase sales1 and help teams in the workplace be more productive.” As an added benefit, Tech Data’s pioneering cloud platform, StreamOne™, offers a full selection of Microsoft offerings, as well as endpoint security solutions, available to all Tech Data partners. In addition to the cloud, partners of Tech Data can leverage in-depth expertise in complementary technology market segments, including cognitive computing, the data center, data analytics, the Internet of Things (IoT), mobility, security and enterprise networking, and training and education. Tech Data Corporation is one of the world’s largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value-added services enable 115,000 resellers to efficiently and cost-effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $26.2 billion in net sales for the fiscal year ended January 31, 2017. It is ranked No. 108 on the Fortune 500® and one of Fortune’s "World’s Most Admired Companies." To learn more, visit www.techdata.com, or follow us on Facebook and Twitter.


With reference to Article 19 of Regulation No. 596/2014 on Market Abuse the company hereby reports the following transactions: 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Niels Frederiksen 2. Reason for the notification a) Position/title CEO and member of the Executive Management b) Initial notification/amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Acquisition of shares c) Price(s) and volume(s) e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen 1. Information on the person discharging managerial responsibilities/person closely associated a) Name  Sisse Fjelsted Rasmussen 2. Reason for the notification a) Position/title CFO and member of the Executive Management b) Initial notification/amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Scandinavian Tobacco Group A/S b) LEI code 5299003KG4JS99TRML67 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument DK0060696300 - STG b) Nature of the transaction Grant of shares due to vesting of performance share units granted under transition share programme based on KPIs related to the 2016 financial year. c) Price(s) and volume(s) Aggregated price: DKK 148,811 e) Date of the transaction 2017-05-18 f) Place of the transaction Nasdaq Copenhagen For further information, please contact: For media enquiries: Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152 or kaspar.bach@st-group.com. For investor enquiries: Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com. Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world leading producer of cigars and traditional pipe tobacco. The Group also produces fine-cut tobacco and sells tobacco-related accessories. The Group produces and sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian Tobacco Group believes it is the only company globally with a core strategic focus on production and distribution in all of these tobacco categories. Scandinavian Tobacco Group holds market-leading positions in the machine-made cigar market in Europe, the handmade cigar market in the US, the online and catalogue retail sales of cigars in the US, the traditional pipe tobacco market globally and in selected fine-cut tobacco markets. Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands providing a complementary range of established global brands and local champions. In the cigar segment, the brand portfolio comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns. As at 31 December 2016, the Group employed 7,600 people in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US. For more information please visit www.st-group.com.


News Article | February 21, 2017
Site: globenewswire.com

RESTON Va., Feb. 21, 2017 (GLOBE NEWSWIRE) -- STG Group, Inc. (OTCQB:STGG), (the “Company” or “STG”), a leading provider of mission-critical technology, cyber, and data solutions to the U.S. Government, today announced that it has entered into a definitive merger agreement to acquire Preferred Systems Solutions, Inc. (PSS) for a total consideration of approximately $119 million. STG Group intends to fund the purchase price with a combination of debt and equity financing. STG Group expects the transaction to close during the first quarter of 2017, subject to customary closing conditions, including regulatory review. PSS is a leading provider of advanced computing, analytics, program and acquisition management, cyber and software solutions to key defense, intelligence and federal civilian customers, working with over 25 government agency partners. The acquisition of PSS advances STG’s vision to create a new breed of high growth, agile business delivering knowledge superiority and information security to U.S. federal clients. It will combine strong capabilities and proven success in delivery and innovation with a shared commitment to developing and enhancing new solutions with much greater speed and efficiency, aligned to a growing customer demand for rapid innovation. “We are excited to announce the next step in our transformation strategy for STG Group. With the acquisition of PSS, we are advancing our technological agility and ingenuity to meet the most complex and demanding national security challenges facing the U.S.,” said STG President Phillip Lacombe. “Preferred Systems Solutions has proven excellence in data analytics, cyber security, high performance computing, acquisition and program management, and software development, with particular strength and depth in the Intelligence Community. The combined company will have stronger core competences, greater scale and depth, the ability to develop new capabilities and focus on a wider range of customers managing larger, more complex Federal programs. With our progressive vision for the business, I believe that we will deliver on the growing demands of those customers. As we work towards close, we look forward to welcoming and integrating PSS and its people in to the STG team.” “We are extremely pleased to become part of the STG Group as it will significantly increase our ability to provide an expanded set of advanced technology capabilities across the broad spectrum of critical national security programs,” said Scott Goss, CEO of PSS.  “Equally important is the opportunity for our associates to grow personally and professionally in an environment with similar values and culture.  The company’s commitment to outstanding customer support enables world class services in support of our country’s warfighters and the federal civilian workforce working daily to safeguard our country.” Morrison & Foerster LLP (legal counsel) served as advisors to STG Group, Inc. on this transaction. Sagent Advisors acted as financial advisor and rendered a fairness opinion to the Board of Directors of STG in connection with the acquisition. About STG STG Group, Inc. is a leading provider of mission-critical technology, cyber, and data solutions to more than 50 U.S. Federal Agencies.  Applying decades of experience, the company works to ensure the security of the digital domain, the effectiveness of complex IT systems and the delivery of quality intelligence to decision makers. STG is a Washington Technology Top 100 Company. Visit STG at www.stg.com. About Preferred Systems Solutions Preferred Systems Solutions is a premier provider of Software Engineering & Development, High Performance Computing, Cyber Security, Cloud Computing, Systems Engineering & Technical Assistance, Business Applications and Financial Management, and Program and Acquisition Management services to government and industry clients that include the Intelligence Community, U.S. Army, U.S. Navy, Defense Logistics Agency, U.S. Transportation Command, Defense Advanced Research Project Agency (DARPA), Federal Bureau of Investigation (FBI), and the Departments of Homeland Security and Transportation, among other customers. For more information, visit www.pssfed.com. Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties concerning STG, STG’s expected financial performance, as well as STG’s strategic and operational plans. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts.  Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.  Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed; the reaction of customers to the acquisition; the possibility that conditions to the closing of the transaction may not be satisfied; the transaction may involve unexpected costs, liabilities or delays; or the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement.  In addition, please refer to risks described in the “Risk Factors” in STG’s Annual Report on Form 10-K for the year ended December 31, 2015 and filed with the SEC. Please also refer to the other documents that STG filed with the SEC on Forms 10-K, 10-Q and 8-K. The filings by STG identify and address other important factors that could cause its financial and operational results to differ materially from those contained in the forward-looking statements set forth in this press release. STG is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results, and you are cautioned not to place undue reliance on any such statements.

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