Royal Dutch Shell : Director/Pdmr Shareholding -3-

06/24/2020 | 04:51pm BST

 code                                      21380068P1DRHMJ8KU70 
-------------------------------  ----------------------------------------- 
4. Details of the transaction(s): section to be repeated for 
 (i) each type of instrument; (ii) each type of transaction; 
 (iii) each date; (iv) each place where transactions have been 
 conducted 
-------------------------------------------------------------------------- 
Description of the financial 
 instrument                          A ordinary shares of EUR0.07 each 
-------------------------------  ----------------------------------------- 
Identification Code                            GB00B03MLX29 
-------------------------------  ----------------------------------------- 
                                  Acquisition of notional dividend shares 
Nature of the transaction                      under the LTIP 
-------------------------------  ----------------------------------------- 
Currency                                            EUR 
-------------------------------  ----------------------------------------- 
Price                                                                15.22 
-------------------------------  ----------------------------------------- 
Volume                                                            1,669.34 
-------------------------------  ----------------------------------------- 
Total                                                            25,407.35 
-------------------------------  ----------------------------------------- 
Aggregated information 
 Volume                            1,669.34 
 Price                             15.22 
 Total                             25,407.35 
-------------------------------  ----------------------------------------- 
Date of transaction              22/06/2020 
-------------------------------  ----------------------------------------- 
Place of transaction             Outside a trading venue 
-------------------------------  ----------------------------------------- 
 
 
 
 
 
 
 
 
1. Details of the person discharging managerial responsibilities/person 
 closely associated 
-------------------------------------------------------------------------- 
First Name(s)                                     Huibert 
-------------------------------  ----------------------------------------- 
Last Name(s)                                     Vigeveno 
-------------------------------  ----------------------------------------- 
2. Reason for the notification 
-------------------------------------------------------------------------- 
Position/status                             Downstream Director 
-------------------------------  ----------------------------------------- 
Initial notification/ 
 amendment                                 Initial notification 
-------------------------------  ----------------------------------------- 
3. Details of the issuer, emission allowance market participant, 
 auction platform, auctioneer or auction monitor 
-------------------------------------------------------------------------- 
Full name of the entity                    Royal Dutch Shell plc 
-------------------------------  ----------------------------------------- 
Legal Entity Identifier 
 code                                      21380068P1DRHMJ8KU70 
-------------------------------  ----------------------------------------- 
4. Details of the transaction(s): section to be repeated for 
 (i) each type of instrument; (ii) each type of transaction; 
 (iii) each date; (iv) each place where transactions have been 
 conducted 
-------------------------------------------------------------------------- 
Description of the financial 
 instrument                          A ordinary shares of EUR0.07 each 
-------------------------------  ----------------------------------------- 
Identification Code                            GB00B03MLX29 
-------------------------------  ----------------------------------------- 
                                  Acquisition of notional dividend shares 
Nature of the transaction                      under the LTIP 
-------------------------------  ----------------------------------------- 
Currency                                            EUR 
-------------------------------  ----------------------------------------- 
Price                                                                15.22 
-------------------------------  ----------------------------------------- 
Volume                                                            1,006.57 
-------------------------------  ----------------------------------------- 
Total                                                            15,320.00 
-------------------------------  ----------------------------------------- 
Aggregated information 
 Volume                            1,006.57 
 Price                             15.22 
 Total                             15,320.00 
-------------------------------  ----------------------------------------- 
Date of transaction              22/06/2020 
-------------------------------  ----------------------------------------- 
Place of transaction             Outside a trading venue 
-------------------------------  ----------------------------------------- 
 
 
 
 
 
 
 
 
1. Details of the person discharging managerial responsibilities/person 
 closely associated 
-------------------------------------------------------------------------- 
First Name(s)                                     Maarten 
-------------------------------  ----------------------------------------- 
Last Name(s)                                     Wetselaar 
-------------------------------  ----------------------------------------- 
2. Reason for the notification 
-------------------------------------------------------------------------- 
Position/status                  Integrated Gas and New Energies Director 
-------------------------------  ----------------------------------------- 
Initial notification/ 
 amendment                                 Initial notification 
-------------------------------  ----------------------------------------- 
3. Details of the issuer, emission allowance market participant, 
 auction platform, auctioneer or auction monitor 
-------------------------------------------------------------------------- 
Full name of the entity                    Royal Dutch Shell plc 
-------------------------------  ----------------------------------------- 
Legal Entity Identifier 
 code                                      21380068P1DRHMJ8KU70 
-------------------------------  ----------------------------------------- 
4. Details of the transaction(s): section to be repeated for 
 (i) each type of instrument; (ii) each type of transaction; 
 (iii) each date; (iv) each place where transactions have been 
 conducted 
-------------------------------------------------------------------------- 
Description of the financial 
 instrument                          A ordinary shares of EUR0.07 each 
-------------------------------  ----------------------------------------- 
Identification Code                            GB00B03MLX29 
-------------------------------  ----------------------------------------- 
                                  Acquisition of notional dividend shares 
Nature of the transaction                      under the LTIP 
-------------------------------  ----------------------------------------- 
Currency                                            EUR 
-------------------------------  ----------------------------------------- 
Price                                                                15.22 
-------------------------------  ----------------------------------------- 
Volume                                                            1,693.70 
-------------------------------  ----------------------------------------- 
Total                                                            25,778.11 
-------------------------------  ----------------------------------------- 
Aggregated information 
 Volume                            1,693.70 
 Price                             15.22 
 Total                             25,778.11 
-------------------------------  ----------------------------------------- 
Date of transaction              22/06/2020 
-------------------------------  ----------------------------------------- 
Place of transaction             Outside a trading venue 
-------------------------------  ----------------------------------------- 
 

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )

News Highlights: Top Energy News of the Day: June 24, 2020

Drax, Mitsubishi Launch Biomass Pilot Project in Yorkshire 
 

Drax is partnering with Mitsubishi Heavy Industries to develop a bioenergy with carbon capture and storage pilot project at its incubation area in North Yorkshire.

 
Amazon to Launch $2 Billion Venture Capital Fund for Clean Energy 
 

Amazon.com, criticized for its own environmental record, is launching a $2 billion internal venture-capital fund focused on technology investments to reduce the impact of climate change.

 
Templar Energy Gets $65 Million Stalking-Horse Bid From Tapstone 
 

Shale driller Tapstone Energy, which recently completed a $450 million debt restructuring, is offering $65 million as the lead bidder to buy the assets of Templar Energy out of bankruptcy.

 
Oil Falls from 3-Month-High 
 

U.S. oil prices give up earlier gains to ended 0.9% lower at $40.37 a barrel as investors worried a weekly inventory report due Wednesday may show U.S. crude stockpiles rose to a record-high for a third straight week.

 
U.S. Crude-Oil Stockpiles Likely to Rise in DOE Data, Analysts Say 
 

U.S. crude-oil stockpiles are expected to increase by 600,000 barrels while gasoline stockpiles are expected to decrease by 1.6 million barrels in data due Wednesday from the Energy Department, according to a survey of analysts and traders.

 
Petroleum Refiners Pose Hurdle to Oil's Recovery 
 

The recovery has lifted shares of energy companies and relieved some of the stress on oil-dependent economies such as Russia and Saudi Arabia. It is also squeezing profits at refiners, crimping a key source of demand for crude and potentially preventing prices from marching much higher.

 
GIP, Brookfield Invest $10 Billion in Abu Dhabi Gas Infrastructure 
 

The consortium will acquire a 49% stake in gas pipelines operated by the United Arab Emirates’ national oil company, a deal that marries yield-hungry funds with a country battered by low oil prices and the coronavirus pandemic.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities

 
Chevron's Saudi-Kuwait Venture Plans Restart Exports in July 
 

Chevron is set to resume oil exports in July from a long-dormant operation it shares with the governments of Saudi Arabia and Kuwait, oil officials said.

 
Mexican Antitrust Agency Challenges Government on Electricity 
 

Mexico’s antitrust commission has turned to the Supreme Court to challenge new government rules for the electricity sector which it says restrict competition in the market in violation of the constitution and energy laws.

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )

Brooks Macdonald : Brook Macdonald Acquires Lloyds Bank Channel Islands Business — Deal Digest

06/24/2020 | 09:24am BST

By Joe Hoppe

ACQUIRER: Brooks Macdonald Group PLC

SELLER: Lloyds Banking Group PLC

TARGET: Channel Islands wealth management and funds businesses Lloyds Investment Fund Managers Limited and Lloyds Bank International Limited

PRICE: Total expected consideration of 9.6 million pounds ($12.0 million). An initial consideration of GBP9.3 million will be paid, with a further consideration of GBP0.33 million to be paid after two years, depending on performance targets.

FINANCING: Cash from existing facilities.

STATUS: Agreed, subject to regulatory approval.

EXPECTED CLOSE: Expected in the fourth quarter of 2020.

RATIONALE: Brooks Macdonald says the wealth management and offshore funds business has GBP1.0 billion of discretionary funds under management and a strong client base. The companies will also refer relevant business to each other.

STOCK MOVE: Brooks Macdonald shares at 0858 GMT were down 0.3% at 1700.0 pence.

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )

Ciena : GlobalNet Deploys Russia’s First 800G Network with Ciena’s WaveLogic 5; Upgraded network to improve connectivity and provide data center interconnect services

06/24/2020 | 09:25am BST

GlobalNet, a leading telecommunications company in Russia, recently upgraded its flexible grid network with Ciena’s (NYSE: CIEN) coherent optical technology. This upgrade allows GlobalNet to offer unique, high-performance connectivity services to its customers.

Key Facts:

GlobalNet offers connectivity services to communication operators and corporate clients in high-bandwidth sectors, including content delivery, media and storage. To support its customer needs, GlobalNet recently deployed Ciena’s WaveLogic 5 Extreme (WL5e), which allows GlobalNet customers to provide reliable, flexible and cost-efficient access to higher-quality bandwidth to interconnect data centers.

Following the upgrade, GlobalNet achieved significant efficiency improvements across its flexible grid network and more than doubled the speed of delivered bandwidth to its customers. GlobalNet achieved industry leading capacity across all links in its network, including 600Gb/s between Moscow and St. Petersburg and 800Gb/s to interconnect data centers in St. Petersburg.

GlobalNet deployed WL5e on Ciena’s Waveserver 5 compact interconnect platform, which is optimized for efficient 100GbE/400GbE client services connectivity across any distance, addressing requirements of the most demanding data services and applications.

Executive Comments:

“The launch of 800Gb/s will enable us to tap into industry-leading innovations to set new standards for GlobalNet network performance. In today’s fast-paced world, the operator needs to provide subsequent capabilities to meet customer’s rapidly changing needs. With WaveLogic 5, we implemented the first 800G solution in Russia and strengthened our leadership in providing the highest performance optical connections to the market.”

– Vladimir V. Vedeneev, Chief Executive Officer, GlobalNet

“Across the globe, service providers are looking for ways to reduce the cost per bit and speed the delivery of new services. Ciena’s WaveLogic 5 helps put GlobalNet ahead of the curve by creating a more robust and adaptive network that can satisfy customer demands today and into the future.”

– Yaniv Hagadish, Regional Manager in EMEA, Ciena

About GlobalNet

GlobalNet is an international backbone telecom operator. Their infrastructure includes communication lines in Europe and Asia. One of the company’s services is DATAIX -Internet exchange network between telecom operators and content providers in Russia, Europe and Asia. GlobalNet has over 30 connection points over a single traffic exchange network located in Russia, Ukraine, Kazakhstan, Germany, Sweden, Finland and the Netherlands. There are more than 400 ASNs included in peering, where 80% are telecom operators, 20% are content providers. The current total GlobalNet network load is over 3 Tbps.

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network(TM) in response to the constantly changing demands of their users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit http://www.ciena.com.

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Australia’s FAR says Senegalese unit in default over Sangomar project

06/24/2020 | 09:25am BST

Australian listed oil and gas company FAR Ltd said on Wednesday its unit had defaulted on its obligations to the Sangomar joint venture project in Senegal while the company looks to save cash and sell its interest in the project.

Sangomar, operated by Australia’s Woodside Petroleum, has been a pain-point for FAR in recent months after the company failed to secure debt to fund it, following a plunge in global oil prices amid the coronavirus pandemic.

FAR said it was still considering selling all or part of its interest in the project, adding that it would forfeit its interest without compensation if obligations were not fulfilled within six months.

The announcement comes just a day after Woodside said it expects production at Sangomar to begin in 2023.

FAR said it had implemented further cost saving measures, including job cuts, and that senior executives and non-executive directors would take a 20% pay cut.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Lincoln Feast.)

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Advenica publ : grows in Europe – new contract worth MSEK 12 from a public sector customer

Advenica, a leading European provider of cybersecurity solutions, has won a contract for products and services from a public sector customer in a European country.

Advenica provides expertise and unique, technically advanced, durable and future-proof high assurance cybersecurity solutions for critical data in motion up to Top Secret classification. The company has its head office in Malmö, Sweden and established itself in Austria in mid-2017 to provide high-security cybersecurity solutions to customers in Austria and other European countries.

The newly signed contract consists of an initial delivery where the order value amounts to MSEK 12. In addition, Advenica will deliver products and services for a number of years and the value of these following deliveries is estimated to be at least the initial order value. The customer is an organization in the public sector and the deal has been handled from the Austrian office. Delivery of the first part of the contract is scheduled to take place in 2020.

“Information security is a top priority and many organizations have high demands. They have operations that require high-assurance solutions to safeguard their most valuable information. With future proof technology, user-friendliness, exceptional reliability and high assurance, Advenica’s products are unique on the market and we notice a clearly growing demand for our products and our expertise” says Markus Gursch, CEO Advenica Austria.

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )

Goldman Sachs : Announcement Regarding Selection of Successor Indices for Motif Indices

06/24/2020 | 09:20am BST

NEW YORK, NY – The Goldman Sachs Group, Inc. (NYSE: GS) previously announced on April 21, 2020 that Motif Capital Management, Inc. (“Motif”) would cease to serve as index provider for the Motif Capital Aging of America 7 ER Index, the Motif Capital National Defense 7 ER Index, the Motif Capital National Defense Price Return Index and the Motif Capital Artificial Intelligence 8 ER Index, which are referenced in certain structured products issued by GS Finance Corp., Goldman Sachs Bank USA and Goldman Sachs International, and the Motif Capital Aging of America Index, which is used in calculating the Goldman Sachs Motif Aging of America Dynamic Balance Index.

Effective after the market close on June 23, 2020, Motif ceased publishing these indices. Therefore, Goldman Sachs has selected a successor for each such index as follows:

Solactive AG serves as index provider for each successor index. Additional information regarding each successor index is available on its respective web page referred to above.

Solactive AG is an innovative index provider and financial data and technology provider that focuses on the development, calculation, and distribution of tailor-made indices across all asset classes. As at April 2020, Solactive AG served approximately 450 clients in Europe, America, and Asia, with approximately US$200 billion invested in products linked to indices calculated by the company globally, primarily via 450 exchange-traded funds from a number of well-known providers. Solactive AG was established in 2007 and is headquartered in Frankfurt, with additional offices in Berlin, Dresden, Hong Kong, and Toronto. For further information, please visit: http://www.solactive.com.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )

Senzime publ : expands US sales team and signs additional distribution agreements

06/24/2020 | 08:16am BSTPress release: Uppsala, June 24, 2020. Senzime AB (publ) today announces that the company has initiated its Sales Ramp Up in the US to establish a direct sales force in key territories and that the company has signed distribution agreements for the Midwest and Northwest territories.

[image] “I am proud to say that our strategy is now materializing in the US. Bringing distributors Clinical Technology and Co-Medical on board together with a direct sales team gives us a strong and agile position to transform the US market and introduce the cutting-edge TetraGraph technology to physicians nationwide”, says Pia Renaudin, CEO Senzime.

Senzime Inc.’s President & General Manager Christopher Estes has together with Neal Smith, US VP Sales initiated the recruitment of a direct sales force that will be ready to meet accumulated demands as US hospitals now are restarting elective surgery procedures.

The US is the largest medical device market in the world representing 40 percent of global sales. By 2023, it is expected to grow to $208 billion. The country has more than 6,000 hospitals.

Senzime’s TetraGraph neuromuscular monitor is a unique digital system designed to address the needs of perioperative monitoring of physiologic data in surgical patients receiving general anesthesia and muscle relaxation using neuromuscular blocking drugs (NMBAs). The TetraGraph is based on over 10 years of R&D and uses advanced algorithms and EMG-technology to stimulate, analyze and display the patient’s muscle function in real-time.

About Senzime

Senzime develops and markets CE- and FDA cleared patient monitoring systems driven by unique algorithms and sensors to closely monitor patients under anesthesia. TetraGraph is a system that digitally and continuously measures the degree of neuromuscular blockade in the patient. The goal is improved clinical precision and simplified management in healthcare. By preventing complications and enabling healthcare professionals to follow guidelines and drug recommendations, TetraGraph can contribute to shorten hospital stays and lower healthcare costs. The vision is a world without anesthesia related complications, where everyone wakes up safely after surgery. Senzime operates in growing markets that in Europe and the United States are valued in excess of SEK 10 billion. The company’s shares are listed on Nasdaq

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )

Everyman Media : to start reopening cinemas July 4 as UK eases restrictions

Premium cinema group Everyman Media Group said on Wednesday it will begin opening venues from July 4, just in time for big Hollywood releases including the latest new James Bond movie after coronavirus-led lockdowns shut theatres for months.

“We will steadily reopen from the 4th July onwards, leading into an amazing line up of new content such as Mulan, Tenet, The French Dispatch, Black Widow, No Time To Die, West Side Story and Top Gun Maverick,” Chief Executive Officer Crispin Lilly said.

The statement comes a day after British Prime Minister Boris Johnson eased the rule on social distancing from two metres to one to enable the reopening of pubs and restaurants.

Everyman Media plans to reopen all of its 33 venues by July 24, ensuring that the government’s guidelines are in place.

Larger rival Cineworld aims to open most of its theatres in the United States and Britain on July 10.

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )

ParcelPal Technology : Reports First Quarter 2020 Results Highlighted by Quarterly year over year Revenue Growth of 43%

VANCOUVER, British Columbia, June 22, 2020 (GLOBE NEWSWIRE) — ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce its Q1 2020 financial results highlighted by significant revenue growth and a much lower net loss year over year. 

Overview

In Q1 2020, the Company continued its operating growth, which was driven by revenue growth of nearly 43% to approximately $1.1 million (up from $770K in Q1 2019). Note: this was a record revenue high for Q1 since inception of the Company.  Also, the Company’s net loss decreased 38% to $866,173 (compared to $1,404,056 in Q1 2019).  Some additional highlights of the quarter included both a significant increase in business with Amazon, as well as continued diversification of our customer base and into other areas driven by home meal kit and large retail store chain deliveries.

Our revenue growth and net loss reductions are, in large measure, driven by our business expansion plan, in which we continue to invest in our product development, ramp up our staffing levels to meet the increase in business, and increased our focus on client diversification.

“The actions we have taken to increase our gross revenue and rebuild our product services have placed our Company in a better position to deliver value to our customers during the crisis caused by the COVID-19 pandemic,” said ParcelPal’s CEO Rich Wheeless. “This is just the beginning of our improved operating performance and I am very encouraged by the lower operating losses which I see continuing as the Company expands into new and profitable markets in the current and future quarters.”

“We have more work to do, and we will continue to take actions to strengthen our business,” said ParcelPal’s CEO Rich Wheeless.  “With only four months into my tenure with the Company, management has made significant progress in reducing expenditures at the same time as aligning our strategy with execution and marketing plans.  It is important to note that we went live in Toronto last week as planned so this should also be accretive in the next quarter and beyond.”

Q1 2020 Financial Highlights:

  • Revenue growth of nearly 43% to $1,100,327 (up from $771,435 in Q1 2019). Note: this was a record revenue high for Q1 since inception of the company.
     
  • Marketing and promotion decreased to $12,882 (Q1 2019 – $355,553) as the Company reduced marketing activity in an effort to conserve cash and focus on operational growth.
     
  • Management and director fees in Q1 decreased to $nil (Q1 2019 – $75,000) as the Company reduced fees to reduce overhead costs and conserve cash in the current period.
     
  • Share-based compensation in Q1 decreased to $42,687 (Q1 2019 – $405,752) due to fewer stock options being granted during the current period.
     
  • During the three months ended March 31, 2020, the Company had a net loss of $866,173 compared to $1,404,056 (a decrease of 38%) during the three months ended March  31, 2019. 

Subsequent to the period ended March 31, 2020, a few notable events occurred:

  • On April 14, 2020, the Company completed a non-brokered private placement of US$367,500.
     
  • On May 6, 2020, the Company granted 2,875,000 stock options to directors, officers and consultants of the Company. The options have an exercise price of $0.09 per option and expire on May 6, 2025.
     
  • On June 18, 2020, the Company went live in Toronto and deliveries are now being made to consumers.

Outlook

The Company’s strategic priorities for the remainder of fiscal 2020 include:

  • Continued development of the ParcelPal product through a series of build-measure-learn iterations and moving beyond the restaurant vertical.
     
  • Building an exceptional and world-class brand with a focus on high quality content.
     
  • Increasing the number of merchants and users using the ParcelPal platform.
     
  • Using data, technology, and inbound selling to ramp up sales and revenue generation.
     
  • Continued expansion into large markets in Canada and also planning the Company’s entry into the United States market.

About ParcelPal Technology Inc.

ParcelPal is a leader in the growing technology and logistics industry. ParcelPal seamlessly connects consumers to businesses, where they have access to the goods they love, anytime, anywhere. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour or the same day.  The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver, Calgary, Saskatoon, Toronto and soon in major cities Canada-wide.

The Canadian Securities Exchange (“CSE”) or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.

CSE – Symbol: PKG
FSE – Symbol: PT0
OTC – Symbol: PTNYF

Do you want to apply for STOCK LOAN: SECURITIES-BASED LENDING? Our Lending Size Range is: USD1MM to USD1B+; LTV range is 40% to 70%; Annual Interest Range is: 2.95% to 5%; Lending Term is: 2 to 5 Years. Other Collateral could be: Bonds, Notes, Warrants, Bitcoins, Mutual Fund, Real Estate, Aircraft, Jet, Plane, Yacht, etc. If you want to apply, please speak to Mr. Bill Wren through Cell/SMS/WhatsApp: +86 – 186 5206 1897 or WeChat: billwren or via email to: bill(dot)wren#wrencapital(dot)me ( **Notice: When Email, please change ” (dot) ” to ” . ” ; change ” # ” to ” @ ” )