Tuesday, 7 August 2018

CUSHMAN & WAKEFIELD ANNOUNCES CLOSING OF ITS INITIAL PUBLIC OFFERING OF ORDINARY SHARES

CHICAGO, Aug 7 (Bernama-BUSINESS WIRE) -- Cushman & Wakefield plc (“Cushman & Wakefield”) today announced the closing of its initial public offering of 45,000,000 of its ordinary shares, at a price to the public of $17.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 6,750,000 ordinary shares from Cushman & Wakefield. As a result, the total initial public offering size was 51,750,000 shares. The shares are listed on the New York Stock Exchange and trade under the symbol “CWK.”
 
Cushman & Wakefield also announced the initial closing of a primary private placement investment by Vanke Service (HongKong) Co., Limited in an aggregate number of ordinary shares that will represent ownership of 4.9% of outstanding ordinary shares after giving effect to the initial public offering and the full exercise of the underwriters’ option to purchase additional ordinary shares.
 
Cushman & Wakefield expects to use the net proceeds from the ordinary shares offered by it to reduce outstanding indebtedness, in particular to repay its second lien loan, to pay the outstanding amount of the deferred payment obligation related to its acquisition of Cassidy Turley and any remaining net proceeds for general corporate purposes.
 
Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC and UBS Investment Bank served as joint book-running managers and representatives of the underwriters for the offering. Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. also served as joint book-running managers for the offering. TPG Capital BD, LLC, HSBC Securities (USA) Inc., Credit Agricole Securities (USA) Inc., JMP Securities LLC, China Renaissance Securities (US) Inc., Fifth Third Securities, Inc., Academy Securities, Inc., Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Siebert Cisneros Shank & Co., L.L.C. and The Williams Capital Group, L.P. served as co-managers for the offering.
 
The offering was made only by means of the written prospectus forming part of the effective registration statement. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: prospectus-eq_fi@jpmchase.com, Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526 or email: prospectus-ny@ny.email.gs.com and UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: 888-827-7275 or email: olprospectusrequest@ubs.com.
 
A registration statement relating to these securities was declared effective as of August 1, 2018 by the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state or jurisdiction.
 
About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
 
Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. Forward-looking statements convey Cushman & Wakefield’s current expectations or forecasts of future events. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Cushman & Wakefield’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” section of the Registration Statement on Form S-1. Unless required by law, Cushman & Wakefield undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date of this press release.
 
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GRAMINEX® LLC SUCCESSFULLY CHALLENGES SERELYS' PATENTS FOR USE OF POLLEN EXTRACTS IN TREATING WOMEN'S PMS AND MENOPAUSAL SYMPTOMS

DESHLER, Ohio, Aug 3 (Bernama-BUSINESS WIRE) -- Graminex® LLC is pleased to announce the US Patent Office has rejected Serelys’ patents for use of its pollen extracts in treating women's PMS and menopausal symptoms.

In parallel reexamination proceedings against US Patents 6,569,471 and 6,669,967, the US Patent Office recently rejected all claims of both patents. Based on overwhelming evidence submitted, the Office found the claimed solvent-extracted GC FEM and PI 82 pollen extracts, for use in treating PMS and menopausal symptoms in women, to be unpatentable. The Final Rejections are available for download at USPTO Public PAIR (https://portal.uspto.gov/pair/PublicPair) under reexamination serial numbers 90/014,026 and 90/014,027, where a full public record of the evidence and detailed explanation for the loss of patent coverage can be found.

Graminex® LLC is the only producer of Non-Solvent Rye Flower Pollen Extract™. Only Graminex® Flower Pollen Extract™ is solvent free. Keep It Clean™, our guarantee against solvent residues.

About Graminex® LLC

Graminex® LLC is the leading producer of natural and solvent-free Graminex® Flower Pollen Extract™. Graminex® directly owns and manages more than 8,500 acres of farmland in Northwest Ohio. Graminex’s® active raw ingredients are grown and processed for use in the dietary supplement, pharmaceutical, food and skin care industries. Graminex® markets clinically supported Flower Pollen Extracts™, focusing on prostate care, urinary care, menopausal support, and skin care. Partnered with its distributors, retailers and manufacturers, Graminex® products are made in the USA and sold in more than 44 countries on six continents.

For further information please contact Graminex® LLC Public Relations, Colleen E. May at (419) 278-1023 or by e-mail at info@graminex.com. You may also visit www.graminex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180802005776/en/

Contact
Colleen E. May
Public Relations
Graminex L.L.C.
2-300 County Road C
Deshler, Ohio 43516
(419) 278-1023

Source : Graminex L.L.C.

--BERNAMA

Monday, 6 August 2018

WESTINGHOUSE SALE TO BROOKFIELD COMPLETE

CRANBERRY TOWNSHIP, Pa., Aug 2 (Bernama-BUSINESS WIRE) -- Westinghouse Electric Company, the global leader in nuclear technology, fuels and services, today announced the completion of its previously announced sale to Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) together with institutional partners (collectively, “Brookfield”) and emergence from Chapter 11 as a reorganized company. Announced on Jan. 4, 2018, the transaction was closed and became effective today.

“The close of this transaction marks an exciting milestone for Westinghouse as we have successfully emerged from Chapter 11, and continue to navigate a significant transformation that positions us for long-term sustainable success. With the support of Brookfield, Westinghouse will continue to build on its legacy of leading the nuclear industry. Our focus is on strengthening the business, capitalizing on our global footprint and excelling in client service and innovation,” said Westinghouse President & CEO José Emeterio Gutiérrez.
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Credit rating of Blue Cross (Asia Pacific) Insurance is stable

KUALA LUMPUR, Aug 6 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of ‘a’ of Blue Cross (Asia-Pacific) Insurance Ltd (Blue Cross) Hong Kong and the outlook of these ratings is stable.

The ratings reflect Blue Cross’ balance sheet strength which A.M. Best categorised as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management, a statement said.

Blue Cross’ risk-adjusted capitalisation remains solid, partially attributed to its diversified investment portfolio with strong liquidity and the gradual release of risk capital in tandem with the runoff of the life business.

It continues to focus on underwriting risk selection to strengthen its non-life portfolio, which has demonstrated a consistently profitable and improving trend in underwriting results, partially attributed to the stable and lower-than-peers expense ratio.

Blue Cross remains as a mid-sized insurer in Hong Kong’s highly competitive non-life market. Approximately 90 per cent of its gross premiums written was sourced from the accident and health line through a diversified distribution network.

The positive rating actions for Blue Cross are unlikely in the near term as negative rating actions could occur if there is a deteriorating trend in the company’s operating profitability or a significant decline in the company’s risk-adjusted capitalisation.

A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. More information at www.ambest.com.

-- BERNAMA

Thursday, 2 August 2018

Watts Miners brings powerful Crypto-mining rigs to market

KUALA LUMPUR, Aug 2 (Bernama) -- Watts Miners has announced its emergence in the global cryptocurrency mining market for its easy-to-use miners that are able to provide a return on investment within a month.

The company recently launched three miners equipped with high hash rate powers, developed using advanced ASIC chip technology to mine Bitcoin, Litecoin, Ethereum, Monero and Dash.

As earning quick and assured profits from mining has never been easy, the company has created multi-algorithm miners with low power consumption.

Hash rate is the measure of a miner's performance. A higher hash rate means more processing power to run and solve the different hashing algorithms for generating new cryptocurrency as reward for enabling transactions to occur on the network.

Watts Miners chief financial officer, Nancy Lopez, said: "Today, we are proud to announce that our mining rigs are second to none in the industry when it comes to power, efficiency and profitability. "

Headquartered in New York, Watts Miners is a manufacturer of high-quality cryptocurrency miners that deliver high hash power with minimal resources. For details, visit www.wminers.com

RFA ACCELERATES GROWTH WITH EXPANSION IN LUXEMBOURG

RFA announces new private financial cloud in Luxembourg to accelerate growth and accommodate increased demand in technology regulation and cybersecurity

LUXEMBOURG, July 31 (Bernama-GLOBE NEWSWIRE) -- RFA, a next-gen managed IT service provider for the financial industry, announces a new private financial cloud in Luxembourg. This expansion allows RFA to accommodate accelerated growth in Europe and offer a portfolio of high quality private cloud services to both its existing and new financial services clients in Luxembourg, Madrid, Paris, and the wider region.

Along with the London office, the new office doubles RFA’s footprint in Europe and further bolsters the company’s growth strategy. RFA has two highly secure, tier-one data centres in Luxembourg which meet the ISO27001 and SSAE16/Type II standards, which is key for firms regulated by the Commission de Surveillance du Sector Financier (CSSF). RFA is now ideally placed to provide a range of services to clients in this region, and offer fully managed private cloud, infrastructure-as-a-service and secure multi-cloud services, which allow clients to take advantage of the flexibility and scalability of public cloud services, whilst enjoying the security and direct control of the private cloud.

RFA’s clients in Luxembourg also benefit from exceptional levels of support, with industry-leading response times and 24/7 connection to live assistance or onsite support when required.

“We’ve seen tremendous growth from new and existing clients,” said Yohan Kim, President and COO of RFA. “We’re excited to add to our ever expanding European teams; this area is abundant with diverse talent.” George Ralph, Managing Director, states: “this expansion of the RFA portfolio will help us to further enhance our workflow automation services, cloud management and security offerings, as well as increase our ability to service our current clients across Europe and give us the opportunity to develop future client relationships in the new market.”

About RFA
Founded in 1989, RFA is the trusted technology partner to 700+ clients globally, with $900+ Billion AUM. Offering a full range of technology solutions, global data center operations, and industry-leading service, RFA serves the IT and Technology needs of the Financial sector. RFA delivers scalable, reliable and secure enterprise-grade technology infrastructure by combining a seasoned executive team, carefully vetted engineers, and trusted partner companies. RFA is headquartered in New York City and London (EMEA) with operations in New York, Connecticut, New Jersey, Massachusetts, California, and Luxembourg.

George Ralph
Managing Director
gralph@rfa.com

Source : RFA

--BERNAMA

CUSHMAN & WAKEFIELD ANNOUNCES PRICING OF ITS INITIAL PUBLIC OFFERING OF ORDINARY SHARES

CHICAGO, Aug 2 (Bernama-BUSINESS WIRE) -- Cushman & Wakefield plc (“Cushman & Wakefield”) today announced the pricing of its initial public offering of 45,000,000 of its ordinary shares, at a price to the public of $17.00 per share. The shares will be listed on the New York Stock Exchange and will trade under the symbol “CWK” beginning August 2, 2018. In addition, Cushman & Wakefield has granted the underwriters a 30-day option to purchase up to an additional 6,750,000 ordinary shares at the public offering price less underwriting discounts and commissions.
 
Cushman & Wakefield expects to use the net proceeds from the ordinary shares offered by it to reduce outstanding indebtedness, in particular to repay its second lien loan, to pay the outstanding amount of the deferred payment obligation related to its acquisition of Cassidy Turley and any remaining net proceeds for general corporate purposes.
 
Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC and UBS Investment Bank are acting as joint book-running managers and representatives of the underwriters for the offering. Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. are also acting as joint book-running managers for the offering. TPG Capital BD, LLC, HSBC Securities (USA) Inc., Credit Agricole Securities (USA) Inc., JMP Securities LLC, China Renaissance Securities (US) Inc., Fifth Third Securities, Inc., Academy Securities, Inc., Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Siebert Cisneros Shank & Co. L.L.C. and The Williams Capital Group, L.P. are acting as co-managers for the offering.
 
The offering is being made only by means of the written prospectus forming part of the effective registration statement. Copies of the final prospectus related to the offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: prospectus-eq_fi@jpmchase.com, Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526 or email: prospectus-ny@ny.email.gs.com and UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: 888-827-7275 or email: olprospectusrequest@ubs.com.
 
A registration statement relating to these securities was declared effective as of August 1, 2018 by the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state or jurisdiction.
 
About Cushman & Wakefield
 
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
 
Cautionary Note Regarding Forward-Looking Statements
 
Any statements in this release that are not historical or current facts are forward-looking statements. Forward-looking statements convey Cushman & Wakefield’s current expectations or forecasts of future events. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Cushman & Wakefield’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” section of the Registration Statement on Form S-1. Unless required by law, Cushman & Wakefield undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180801006113/en/
 
Contact

Cushman & Wakefield
Brad Kreiger
Corporate Communications
+1 312 424 8010
brad.kreiger@cushwake.com
 
Source : Cushman & Wakefield
 
--BERNAMA

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