ANTWERP, BELGIUM: Frontline Ltd. (NYSE: FRO ) and Euronav NV (NYSE: EURN ) have entered into a definitive Combination Agreement for a stock-for-stock combination based on an exchange ratio of 1.45 Frontline-shares for every 1.0 Euronav-share. The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022….
Autosports Group enters into agreement to acquire Auckland City BMW Limited
AUCKLAND, NZ: Autosports Group Limited (ASX: ASG) has entered into an agreement through its wholly owned NZ subsidiary to acquire 100% of the shares in Auckland City BMW Limited in New Zealand. The purchase consideration consists of NZD$55 million plus approximately NZD$15 million for the net assets at completion subject to usual adjustments. The consideration…
ReadCloud signs first overseas eBooks Solutions deal
SYDNEY, AUSTRALIA: ReadCloud Limited (ASX: RCL) has signed a 4-year Software Licence Agreement with King’s InterHigh to become the exclusive provider of eBooks to the parents of over 4,000 students aged 7 to 18. King’s InterHigh is a British International online school based in London, United Kingdom, with the students being taught remotely as they…
Emma Shand appointed new MD and CEO of EML Payments
SYDNEY, AUSTRALIA: EML Payments Limited (ASX: EML) announced that Ms Emma Shand has been appointed Managing Director and CEO effective immediately. This follows the resignation of Mr Tom Cregan. Peter Martin, EML’s Chairman said ‘This is an exciting time of opportunity for EML, and Emma has an ideal set of attributes to lead the company…
BATM partners with CityFibre for Edgility
LONDON, UK: BATM (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announced that CityFibre, the UK’s largest independent carrier-neutral Full Fibre platform, has selected BATM’s Edgility virtual networking and edge compute solution. Following extensive lab testing, CityFibre will now be piloting the Edgility platform with selected partners ahead…
New ASIC Supplier Partnership Agreement
LONDON, UK: EnSilica (AIM:ENSI), a leading chip maker of mixed signal ASICs (“Application Specific Integrated Circuits”), announced the hiring of an ASIC implementation team, comprising of six skilled engineers, and the purchase of related non-core IP assets from Blu Wireless Technologies Limited (“Blu Wireless”). The Blu Wireless team will strengthen EnSilica’s presence in advanced node…
Bidstack signs Asia-Pacific enterprise software deal
LONDON, UK: Bidstack Group Plc (AIM: BIDS), the in-game brand activation platform, announced a new commercial partnership for its Bidstack Technologies division. A leading Asia-Pacific mobile marketing technology company has contracted to white-label Bidstack Technologies’ supply side platform (“SSP”). They will utilise the platform to create their own in-game advertising business adding both advertisers and…
ABL Group to acquire Add Energy
OSLO, NORWAY: ABL Group ASA (formerly AqualisBraemar LOC ASA) has entered into an agreement to acquire 100 percent of the shares in energy and engineering consultancy Add Energy. ABL Group has also entered into an agreement to acquire substantially all interest-bearing debt in Add Energy through a consideration of NOK 20 million in ABL Group…
Gas discovery near the Skarv field
OSLO, NORWAY: Aker BP has completed drilling of the Storjo exploration well in production license 261 near the Skarv field in the Norwegian Sea. The well has encountered gas in several geological formations. The preliminary estimate of recoverable gas volume is between 25 and 80 million barrels of oil equivalent (mmboe). Further delineation of the…
Galliford Try Holdings acquires MCS Controls Systems
LONDON, UK: Galliford Try Holdings has agreed to acquire MCS Controls Systems Limited, a leading systems integrator to the industrial and utilities sectors for a consideration of £1. MCS is based in Coventry, West Midlands and has 81 employees. Founded in 1976, MCS is a systems integrator and manufacturer of motor control centres for a…
SEEN Plc appoints Adrian Hargrave as the Group CEO
LONDON, UK: SEEEN plc (AIM: SEEEN), the video optimisation platform company announced the promotion of Adrian Hargrave as the Group’s CEO and return of Akiko Mikumo and David Anton as non-executive directors following their work as Interim Co-CEOs. As the Group noted in its recently released accounts, during 1H 2022 the Company released its initial…
Elon Musk terminates $44bn Twitter acquisition deal
HOUSTON: Elon Musk has said he is terminating a $44bn deal to buy Twitter, saying the social media company did not provide information about fake or spam accounts on the platform. In a filing to the Security and Exchange Commission (SEC) on Friday, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on…