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Agasti Q2 EBIT loss NOK 183.1 mln, liquidation to be completed within six months

Wednesday, 24 Aug 2016 02:23am EDT

Agasti Holding ASA : Q2 EBIT loss 183.1 million Norwegian crowns ($22.28 million) versus loss 8.5 million crowns year ago . Says financial results are affected by loss of 199 million crowns following sale of 66 pct share in Obligo Holding AS and other assets to company controlled by Blackstone L.P [nObiplQZLa] . On Aug. 22 company's General Meeting approved the Board's proposal to liquidate Agasti and subsequently delist company from Oslo Stock Exchange .Agasti will initiate liquidation proceedings, final liquidation of company is expected to be completed within six months.

Lendingclub says exploring adding additional sources, structures of capital to increase resiliency, diversity

Monday, 8 Aug 2016 08:02pm EDT

Lendingclub : Roughly 51 percent of second quarter volume was originated prior to may 9 . Lendingclub says took $2.8 million in severance related costs in the second quarter . Lendingclub says plan to reduce/eliminate investor incentives by end of q3; sees higher level of investor acquisition cost in q4 . When co recently made job eliminations, made very little of those in technology engineering area . Slower origination growth during quarter was due to a slowdown in investor capital that occurred post may 9 . Lendingclub says over the long run, anticipate some higher level of investor acquisition cost as co continues to diversify investor mix . Lendingclub says expect origination volumes to be roughly flat for the next two quarters . Going forward, exploring adding additional sources, structures of capital to increase resiliency,diversity that would include committed capital . On unusual costs,co says had employee related severance cost; says those were "definitely" one-time costs, is "not anticipating repeating that" (Bangalore.newsroom@thomsonreuters.com) ((Bangalore.newsroom@thomsonreuters.com;)).

Lendingclub says exploring adding additional sources, structures of capital to increase resiliency, diversity

Monday, 8 Aug 2016 05:17pm EDT

Lendingclub : Roughly 51 percent of second quarter volume was originated prior to may 9 . Lendingclub says took $2.8 million in severance related costs in the second quarter . Lendingclub says plan to reduce/eliminate investor incentives by end of q3; sees higher level of investor acquisition cost in q4 . When co recently made job eliminations, made very little of those in technology engineering area . Slower origination growth during quarter was due to a slowdown in investor capital that occurred post may 9 . Lendingclub says over the long run, anticipate some higher level of investor acquisition cost as co continues to diversify investor mix . Lendingclub says expect origination volumes to be roughly flat for the next two quarters . Going forward, exploring adding additional sources, structures of capital to increase resiliency,diversity that would include committed capital . On unusual costs,co says had employee related severance cost; says those were "definitely" one-time costs, is "not anticipating repeating that" (Bangalore.newsroom@thomsonreuters.com) ((Bangalore.newsroom@thomsonreuters.com;)).

Trez Capital Mortgage Investment update regarding wind-up plan

Thursday, 21 Jul 2016 05:00pm EDT

Trez Capital Mortgage Investment Corp : Authorized a substantial issuer bid to purchase for cancellation up to 2,325,581 class a shares . Orderly wind-up plan was approved by a special resolution of shareholders at annual and special meeting of shareholders . Company will temporarily suspend its current normal course issuer bid that expires on may 18, 2017 . Announces Substantial Issuer Bid And Provides Update Regarding Orderly Wind-Up plan . Over next 90 days co expects to receive $6.3 million in refinancing of existing mortgages by other private funds managed by manager .In addition, over next 90 days, co also expects to receive repayment of up to $3.3 million principal amount of mortgages.

Ezcorp Q2 loss per share $1.33 from continuing operations

Monday, 9 May 2016 07:32pm EDT

Ezcorp Inc : Says completed strategic review of Grupo Finmart announced in February 2016 . Have concluded that a sale of Grupo Finmart is preferred alternative and have commenced a process to solicit proposals from interested buyers . Says UBS investment bank, which has been assisting in strategic review, is running sale process for Grupo Finmart . Ezcorp announces second quarter fiscal 2016 results . Q2 loss per share $1.33 from continuing operations . Q2 revenue $201.9 million .Q2 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S.

Credit Saison to dissolve subsidiary

Thursday, 5 Nov 2015 02:00am EST

Credit Saison Co Ltd:To dissolve a Tokyo-based wholly owned subsidiary, which has been engaged in sale of real estate, on Nov. 15.

Hoist Finance streamlines its European organisation

Wednesday, 14 Oct 2015 02:30am EDT

Hoist Finance publ AB:Decided to separate its operational activities into three regions.Group-wide acquisition and investment unit will be removed.Regions will assume responsibility for debt portfolio acquisition and customer relations with pan-European banks in each geographic area.

Beyaz Filo Oto Kiralama AS to merge with wholly owned unit

Monday, 17 Aug 2015 06:02am EDT

Beyaz Filo Oto Kiralama AS:To merge with wholly owned unit Beyaz Sistem Otomotiv ve Ticaret AS.

J Trust announces result of early-retirement program of subsidiary and expects extraordinary loss for FY 2015

Wednesday, 29 Apr 2015 09:00pm EDT

J Trust Co Ltd:Says 320 employees of subsidiary took up the offer of the early-retirement program of subsidiary announced on March 30.Effective date of retirement is planned on May 31.Expected extraordinary loss of about 900 mln yen for FY ended March 2015 for the early-retirement program of subsidiary.

J Trust to offer early-retirement program

Monday, 30 Mar 2015 03:00am EDT

J Trust Co Ltd:To offer an early-retirement program with a subsidiary to.Offering period from April 21 to April 24.The company expects 300 employees to take the offer.Says the employees who take up the offer will retire on May 31.The company will provide retirement payment and outplacement support to the retiring employees.

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