Daily Archives: November 8, 2019

Sundance Shareholders Approve Re-Domiciliation

DENVER, Nov. 08, 2019 (GLOBE NEWSWIRE) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (the “Company” or “Sundance”) is pleased to announce that Sundance shareholders today voted in favor of the scheme of arrangement in relation to the Company’s proposed re-domiciliation from Australia to the United States (the “Scheme”), under which a newly formed US corporation (“Holdco”) will become the ultimate parent company of the Sundance group of companies following the implementation of the Scheme.

Voting results of the Scheme Meeting

The resolution to approve the Scheme as set out in the Notice of Scheme Meeting (“Scheme Resolution”) was passed by the requisite majorities of Sundance shareholders, with:

  • 68.11% of Sundance shareholders present and voting at the Scheme Meeting (in person or by proxy) being in favor of the Scheme Resolution; and
  • 95.27% of the total number of votes cast on the Scheme Resolution being in favor of the Scheme Resolution.

Timeline

Sundance will seek orders from the Federal Court of Australia (“Court”) for the approval of the Scheme at the Second Court Hearing, scheduled for Thursday, November 14, 2019.

If the Court approves the Scheme, Sundance expects to lodge the Court orders with the Australian Securities and Investments Commission (“ASIC”) on the same date so that the Scheme becomes legally effective on Thursday, November 14, 2019.  If this occurs, it is expected that Sundance shares and Sundance ADRs will be suspended from trading with effect from the close of trading on ASX and Nasdaq on Thursday, November 14, 2019 and Wednesday, November 13, 2019, respectively.

In accordance with the terms of the Scheme, Sundance shareholders will receive one share in Holdco for every 100 Sundance shares held by Sundance shareholders on the Scheme Record Date (currently proposed as 7:00 pm (Sydney time) on Tuesday, November 19, 2019).

About Sundance Energy Australia Limited

Sundance Energy Australia Limited (“Sundance” or the “Company”) is an Australian-based, independent energy exploration company, with headquarters in Denver, Colorado, USA. The Company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford.  A comprehensive overview of the Company can be found on Sundance’s website at www.sundanceenergy.net

Summary Information

The following disclaimer applies to this document and any information contained in it. The information in this release is of general background and does not purport to be complete. It should be read in conjunction with Sundance’s periodic and continuous disclosure announcements lodged with ASX Limited that are available at www.asx.com.au and Sundance’s filings with the US Securities and Exchange Commission available at www.sec.gov

Forward-Looking Statements

This release may contain forward-looking statements. These statements relate to the Company’s expectations, beliefs, intentions or strategies regarding the future. These statements can be identified by the use of words like “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar words or expressions containing same.

These forward-looking statements reflect the Company’s views and assumptions with respect to future events as of the date of this release and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. These include, but are not limited to, risks or uncertainties associated with the re-domiciliation (including the ability to recognize any benefits therefrom), the discovery and development of oil and natural gas reserves, cash flows and liquidity, business and financial strategy, budget, projections and operating results, oil and natural gas prices, amount, nature and timing of capital expenditures, including future development costs, availability and terms of capital and general economic and business conditions. Given these uncertainties, no one should place undue reliance on any forward-looking statements attributable to Sundance, or any of its affiliates or persons acting on its behalf.  Although every effort has been made to ensure this release sets forth a fair and accurate view, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Important Notice

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this press release have not been registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.

For more information, please contact: 

United States:
John Roberts
VP Finance & Investor Relations
Tel: +1 (720) 638-2400

Eric McCrady
CEO and Managing Director
Tel: +1 (303) 543-5703


Australia:

Mike Hannell
Chairman
Tel: +61 (0)418 834 957 or
+61 8 8274 2128

Ria Money Transfer Becomes Official Sponsor of Atlético de Madrid Football Club

Ria Money Transfer becomes back-of-shirt sponsor and official money transfer partner of the 10-time La Liga champion

MADRID, Spain, Nov. 08, 2019 (GLOBE NEWSWIRE) — Ria Money Transfer, subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT) and global leader in the money transfer industry, announced today a four-year partnership with Atlético de Madrid, becoming the club’s new back-of-shirt sponsor and official money transfer partner. Starting this season, the Ria-branded jersey will be used by the club’s first teams for all domestic competitions until 2023.

To officialize the agreement, representatives from Ria visited the Wanda Metropolitano Stadium in Madrid where Enrique Cerezo, President of Atlético de Madrid, unveiled the new official jersey.

Through this partnership, Ria will be able to foster a closer relationship with Atlético de Madrid’s diverse and widespread fanbase, which resonates with the company’s global footprint across 161 countries. At the same time, Ria will work alongside the 10-time La Liga champion to create engaging events and digital content for the fans and customers highlighting shared values like hard work, passion, and humility.

Atlético de Madrid CEO Miguel Ángel Gil spoke about the agreement, “With Ria Money Transfer, we share values such as teamwork and the pursuit of excellence. This partnership with a world leading brand in the money transfer industry is great news for Atlético de Madrid. We hope to continue growing together and that these four years are the first of many more to come.”

“For us at Ria, choosing Atlético was a simple decision. We see our diverse and hardworking employees and customers reflected in Atlético de Madrid’s line-up and fanbase. We are thrilled to join in as official sponsors for a club known for its passion and resilience, which has won the respect of fans and competitors alike,” shared Juan Bianchi, CEO of Euronet’s Money Transfer Segment. “This sponsorship is a first step of many towards creating deeper, long-lasting connections with customers around the world who use our money transfer services to feel close to their loved ones.”

Throughout its 33-year history, Ria has championed local sporting events around the world. This partnership with Atlético de Madrid is a testament to Ria’s commitment to sportsmanship, teamwork, its customers, and wellness at a global level.

About Ria

Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global leader in the remittance industry. The company is steadfast in its commitment to its clients and their communities, offering fast, secure, and affordable money transfers through a network of over 389,000 locations spanning across 161 countries and online at www.riamoneytransfer.com.

For more information, visit https://corporate.riafinancial.com/.

Contact:
Aura Martinez Schifflers
+34912613760
amschifflers@riafinancial.com

Invisible payments to take the stage as the new commerce norm

  • Strong customer demand, regulations and infrastructure improvements will drive payment experiences that are instant and invisible, leading to a complete sector transformation.
  • Biometrics, tokenization, sensor fusion and machine learning will lead the way for the application of invisible payments.
  • We can already see this trend in action through recurring billing, queueless checkouts and cashierless stores.

AMSTERDAM, the Netherlands, Nov. 08, 2019 (GLOBE NEWSWIRE) — Payvision, a global fintech and omnichannel payments provider, released a new ebook exploring the future of commerce payments. The research looks into how the next generation of payments is reinventing the shopping experience, giving merchants clear insight into key strategic retail trends.

The future of payments is instant and invisible, triggered by the needs and demands of today’s modern consumers: millennials and Gen Z. By 2020, the spending power of both consumer groups is projected to reach $1.4 trillion and $44 billion respectively, meaning that the future payments experience will be largely driven by their behavior. These consumers expect digital shopping experiences that are as natural as possible – unconscious, even. Furthermore, in their quest for the best products and services, consumers want a seamless, integrated shopping experience, regardless of touchpoint. For them, the barriers between channels will blur so heavily as to become essentially nonexistent, proving that the payments transformation demands a clear need for omnichannel services.

Consumer behavior, regulatory developments such as PSD2 and modern infrastructure are converging to enhance innovation and growth in the payments ecosystem. As a result, mobile wallets such as Apple Pay, Google Pay and WeChat Pay are growing in popularity. The day will soon come where you’ll no longer need to pull out a debit or credit card—in fact, we estimate that 56% of all e-commerce transactions will be paid through mobile wallets by 2023.

The technologies used to deliver frictionless payment experiences include tokenization, sensor fusion, cameras, machine learning and data analytics.
“Tokenization is a must have for all e-commerce businesses as well as any offline merchant that wants to offer a seamless checkout experience,” explains Ankur Sharma, Payvision’s Omnichannel Product Manager. “Not only does it safeguard sensitive cardholder data, we’ve also seen evidence in the ecosystem that tokenization can effortlessly raise conversion by up to 6%.”

Invisible payments are already happening through recurring billing, queueless checkouts and cashierless checkout. By 2023, invisible payment technologies will power $28 billion in transactions.
Payvision’s latest ebook analyzes all factors, practical use cases and technologies fueling the upcoming commerce payments transformation. Next to these, we’ve included advice for businesses to thrive in the competitive commerce arena. Get your free ebook on the most promising retail payment trends.

About Payvision
Payvision is a global payment processor that’s driven by a passion for technology and simplifying payments. With one single, secure platform, we power transactions for businesses across the globe. We know our way around the latest techniques in artificial intelligence, omnichannel strategies and advanced fraud prevention. The dedication to our clients shows – this is where we truly make a difference. By enabling an intuitive and flawless customer experience on all channels, we bring a unique beat to payments.
Headquartered in Amsterdam, the Netherlands, we’ve grown over the past 17 years into an international team with offices in North America, Europe and Asia. In 2018, ING bought a 75% stake in Payvision, allowing us to offer an unstoppable combo of the fintech and banking worlds put together. This partnership means cutting-edge innovations and a startup mindset backed by ING’s expertise and global network.
Learn more about how Payvision takes the hassle out of payments at payvision.com. Get in touch with our PR & Communications team at press@payvision.com  or +31 20 794 23 00.

Sinch AB (publ): Sinch explores financing options

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH

Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has mandated Danske Bank and Handelsbanken to arrange a series of fixed income investor meetings in the Nordics on November 13-14th in order to explore the possibilities for issuing a senior unsecured bond.

Subject to prevailing market conditions, a senior unsecured bond with an estimated size of SEK 750m and 3 to 5 year maturity may follow. The aim is to diversify Sinch’s funding sources and increase the company’s financial flexibility. The proceeds from such a bond issue will be used for refinancing of drawn bank debt and for general corporate purposes.

Securities, currently pledged in favor of the lending banks in existing bank facilities, will be released upon an executed bond issue. Hence, all debt will be unsecured going forward.

For further information, please contact

Thomas Heath
Chief Strategy Officer and Head of Investor Relations
Sinch AB (publ)
Mobile:            +46-722-45 50 55
E-mail:            thomas.heath@sinch.com

About Sinch

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

This information is information that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 07:30 CET on November 8, 2019.

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Sinch AB (publ): Sinch explores financing options

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH

Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has mandated Danske Bank and Handelsbanken to arrange a series of fixed income investor meetings in the Nordics on November 13-14th in order to explore the possibilities for issuing a senior unsecured bond.

Subject to prevailing market conditions, a senior unsecured bond with an estimated size of SEK 750m and 3 to 5 year maturity may follow. The aim is to diversify Sinch’s funding sources and increase the company’s financial flexibility. The proceeds from such a bond issue will be used for refinancing of drawn bank debt and for general corporate purposes.

Securities, currently pledged in favor of the lending banks in existing bank facilities, will be released upon an executed bond issue. Hence, all debt will be unsecured going forward.

For further information, please contact

Thomas Heath
Chief Strategy Officer and Head of Investor Relations
Sinch AB (publ)
Mobile:            +46-722-45 50 55
E-mail:            thomas.heath@sinch.com

About Sinch

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

This information is information that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 07:30 CET on November 8, 2019.

Attachment

Sinch AB (publ): Interim Report January – September 2019

Interim Report January – September 2019

July – September 2019

  • Net sales increased by 24 percent to SEK 1,216.4 million (979.3). Organic growth in local currency was 20 percent.
  • Gross profit increased by 37 percent to SEK 343.6 million (249.9). Organic growth in local currency was 33 percent.
  • Adjusted EBITDA2 increased by 55 percent to SEK 147.6 million (95.4).
  • Adjusted EBIT3 amounted to SEK 131.5 million (90.8).
  • Profit after tax for the quarter amounted to SEK 68.7 million (37.8).
  • Diluted earnings per share were SEK 1.27 (0.71).

January – September 2019

  • Net sales increased by 23 percent to SEK 3,494.9 million (2,835.3). Organic growth in local currency was 17 percent1.
  • Gross profit increased by 37 percent to SEK 954.2 million (698.5). Organic growth in local currency was 27 percent1.
  • Adjusted EBITDA2 increased by 45 percent to SEK 374.0 million (257.7).
  • Adjusted EBIT3 amounted to SEK 337.9 million (240.7).
  • Profit after tax for the period amounted to SEK 179.8 million (76.1).
  • Diluted earnings per share amounted to SEK 3.34 (1.42).

”We have built our cloud communications platform for scale with the world’s most demanding customers in mind. This quarter, we are seeing the results of these efforts” – Oscar Werner, CEO

Significant events after the quarter

  • On 4 October, Sinch acquired 100 percent of the share capital in myElefant SAS. The company is based in France and has developed a cloud-based software platform for mobile customer engagement. myElefant has pioneered the use of mobile landing pages and is an early adopter of new messaging technologies such as RCS, Facebook Messenger and WhatsApp. The initial purchase consideration amounts to EUR 18.8 million (SEK 203.3 million). The purchase agreement provides for additional earnouts of maximum EUR 3 million based on gross profit growth. The acquisition was financed through Sinch’s available credit facilities.
  • On 23 October, Sinch acquired 100 percent of the share capital in TWW do Brasil S.A. The company is the third largest messaging provider for enterprises in Brazil. TWW has more than 3,000 customers within the banking, retail and education sectors. The purchase consideration amounts to BRL 180.8 million (SEK 422.4 million) on a cash and debt free basis. The acquisition was financed through Sinch’s available credit facilities.

1  Organic growth in local currency in comparable units. Unwire and Vehicle, two acquisitions that did not close until the end of March 2018, are included in the entire comparison period of January – September 2018 in order to calculate growth in comparable units.
2  EBITDA excluding items affecting comparability. See page 3 for a specification of items affecting comparability.
3  EBIT excluding items affecting comparability and amortization of acquisition-related assets, which do not affect cash flow. See Note 4 for a specification of depreciation and amortization.

Invitation to phone conference

Sinch will present the interim report in a phone conference on 8 November at 09.00 CET. To participate in the phone conference, please call any of the following numbers and state the code 774 225 45#.

Sweden:                            +46 (0) 8 566 426 51
UK:                                     +44 (0) 333 300 08 04
US:                                      +1 631 913 14 22

Register here to watch the presentation via Webcast: investors.sinch.com/webcast.

For additional information, please contact:

Thomas Heath, Chief Strategy Officer and Head of Investor Relations
+46 72 245 50 55
thomas.heath@sinch.com

Roshan Saldanha, Chief Financial Officer
+46 73 660 24 19
roshan.saldanha@sinch.com

About Sinch

Sinch develops digital tools that enable personal interaction between enterprises and individuals. Powered by our cloud communications platform, enterprises can reach every mobile phone on the planet – within a second or two – via messaging, voice calls and video. Several of the biggest enterprises in the world are using Sinch’s advanced technology platform to communicate with their customers and Sinch is an established software supplier to mobile operators worldwide. Sinch has delivered profitable growth since it was founded in 2008. The Group is headquartered in Stockholm, Sweden, and has a presence in more than 30 other countries. The share is listed on Nasdaq Stockholm: XSTO: SINCH.

Note: Sinch AB (publ) is required to publish the information in this interim report pursuant to the EU market abuse regulation. The information was submitted for publication on 8 November 2019 at 07.30 CET.

This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply.  

Attachment

Sinch AB (publ): Interim Report January – September 2019

Interim Report January – September 2019

July – September 2019

  • Net sales increased by 24 percent to SEK 1,216.4 million (979.3). Organic growth in local currency was 20 percent.
  • Gross profit increased by 37 percent to SEK 343.6 million (249.9). Organic growth in local currency was 33 percent.
  • Adjusted EBITDA2 increased by 55 percent to SEK 147.6 million (95.4).
  • Adjusted EBIT3 amounted to SEK 131.5 million (90.8).
  • Profit after tax for the quarter amounted to SEK 68.7 million (37.8).
  • Diluted earnings per share were SEK 1.27 (0.71).

January – September 2019

  • Net sales increased by 23 percent to SEK 3,494.9 million (2,835.3). Organic growth in local currency was 17 percent1.
  • Gross profit increased by 37 percent to SEK 954.2 million (698.5). Organic growth in local currency was 27 percent1.
  • Adjusted EBITDA2 increased by 45 percent to SEK 374.0 million (257.7).
  • Adjusted EBIT3 amounted to SEK 337.9 million (240.7).
  • Profit after tax for the period amounted to SEK 179.8 million (76.1).
  • Diluted earnings per share amounted to SEK 3.34 (1.42).

”We have built our cloud communications platform for scale with the world’s most demanding customers in mind. This quarter, we are seeing the results of these efforts” – Oscar Werner, CEO

Significant events after the quarter

  • On 4 October, Sinch acquired 100 percent of the share capital in myElefant SAS. The company is based in France and has developed a cloud-based software platform for mobile customer engagement. myElefant has pioneered the use of mobile landing pages and is an early adopter of new messaging technologies such as RCS, Facebook Messenger and WhatsApp. The initial purchase consideration amounts to EUR 18.8 million (SEK 203.3 million). The purchase agreement provides for additional earnouts of maximum EUR 3 million based on gross profit growth. The acquisition was financed through Sinch’s available credit facilities.
  • On 23 October, Sinch acquired 100 percent of the share capital in TWW do Brasil S.A. The company is the third largest messaging provider for enterprises in Brazil. TWW has more than 3,000 customers within the banking, retail and education sectors. The purchase consideration amounts to BRL 180.8 million (SEK 422.4 million) on a cash and debt free basis. The acquisition was financed through Sinch’s available credit facilities.

1  Organic growth in local currency in comparable units. Unwire and Vehicle, two acquisitions that did not close until the end of March 2018, are included in the entire comparison period of January – September 2018 in order to calculate growth in comparable units.
2  EBITDA excluding items affecting comparability. See page 3 for a specification of items affecting comparability.
3  EBIT excluding items affecting comparability and amortization of acquisition-related assets, which do not affect cash flow. See Note 4 for a specification of depreciation and amortization.

Invitation to phone conference

Sinch will present the interim report in a phone conference on 8 November at 09.00 CET. To participate in the phone conference, please call any of the following numbers and state the code 774 225 45#.

Sweden:                            +46 (0) 8 566 426 51
UK:                                     +44 (0) 333 300 08 04
US:                                      +1 631 913 14 22

Register here to watch the presentation via Webcast: investors.sinch.com/webcast.

For additional information, please contact:

Thomas Heath, Chief Strategy Officer and Head of Investor Relations
+46 72 245 50 55
thomas.heath@sinch.com

Roshan Saldanha, Chief Financial Officer
+46 73 660 24 19
roshan.saldanha@sinch.com

About Sinch

Sinch develops digital tools that enable personal interaction between enterprises and individuals. Powered by our cloud communications platform, enterprises can reach every mobile phone on the planet – within a second or two – via messaging, voice calls and video. Several of the biggest enterprises in the world are using Sinch’s advanced technology platform to communicate with their customers and Sinch is an established software supplier to mobile operators worldwide. Sinch has delivered profitable growth since it was founded in 2008. The Group is headquartered in Stockholm, Sweden, and has a presence in more than 30 other countries. The share is listed on Nasdaq Stockholm: XSTO: SINCH.

Note: Sinch AB (publ) is required to publish the information in this interim report pursuant to the EU market abuse regulation. The information was submitted for publication on 8 November 2019 at 07.30 CET.

This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply.  

Attachment