Day: August 28, 2021

Posted on

Settlement Notice: State Street Corporation

TO: ALL PERSONS WHO OWN SHARES OF STATE STREET CORPORATION COMMON STOCK AS OF JUNE 24, 2021 (“SHAREHOLDERS”):

BOSTON, Aug. 27, 2021 (GLOBE NEWSWIRE) — Please read this notice carefully and in its entirety. Your rights may be affected by the proceedings described in this notice. A proposed settlement has been reached in this action, as set forth in a Stipulation of Settlement (“Stipulation”). The action is a derivative action, which was brought on behalf of State Street Corporation (“State Street”), and the proposed settlement does not provide for monetary recovery. Accordingly, there is no claim form. The Stipulation of Settlement does not require State Street to make any payment to State Street shareholders.

A hearing to determine whether the proposed settlement of the claims that were asserted by the plaintiffs, derivatively on behalf of nominal defendant State Street, against certain directors and officers of State Street should be approved by the Court as fair, reasonable and adequate, will be held on October 13, 2021 at 2:00pm before the Honorable Brian A. Davis, both via Zoom (Meeting ID 161 7623 4752) and live at the Suffolk County Superior Court, Courtroom 1309, 3 Pemberton Square, Boston, MA 02108. At the hearing, the Court will also consider whether to enter a judgment dismissing all claims in the litigation with prejudice, forever discharging and settling certain released claims, whether to approve Plaintiffs’ request for their counsel’s fees and expenses, and any other matters that may properly be before the Court in connection with the proposed settlement.

If you are a Shareholder under the terms of the proposed settlement, you may have certain rights in connection with the proposed settlement. This notice is a summary only and does not describe all of the details of the Stipulation. Nothing in this notice can vary or supersede the terms of the Stipulation. For full details of the matters discussed in this notice, you may desire to review the Stipulation filed with the Court at the Civil Clerk’s Office of the Suffolk County Superior Court, 3 Pemberton Square, 12th Floor, Boston, Massachusetts 02108. You may also obtain additional details regarding this notice on the investor relations section of State Street’s website here. You may also request the Stipulation as well as a detailed notice regarding the terms of the proposed settlement from plaintiffs’ counsel:

Gustavo F. Bruckner
Pomerantz LLP
600 Third Avenue
New York, NY 10016
Telephone: 212-661-1100
Email: gfbruckner@pomlaw.com

If you are a Shareholder under the terms of the proposed settlement and do not take steps to appear in this action and object to the proposed settlement, you will be bound by the final judgment of the Court and will forever be barred from raising an objection to such settlement in this or any other action or proceeding, and from pursuing any of the released claims.

PLEASE DO NOT CALL THE CLERK OF THE COURT OR THE JUDGE FOR INFORMATION.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $42.6 trillion in assets under custody and/or administration and $3.9 trillion* in assets under management as of June 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.

*Assets under management as of June 30, 2021 includes approximately $64 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

© 2021 State Street Corporation – All Rights Reserved


Contact:
Ed Patterson
epatterson@statestreet.com
Posted on

Nyxoah Appoints Rita Johnson-Mills to its Board of Directors

Nyxoah Appoints Rita Johnson-Mills to its Board of Directors

Mont-Saint-Guibert, Belgium – August 27, 2021, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that it has appointed Rita Johnson-Mills as an Independent Director to its Board of Directors.

Robert Taub, Chairman of the Board of Directors of Nyxoah, commented: “We are delighted to welcome Rita Johnson-Mills to the Nyxoah Board of Directors. Her wealth of knowledge, extensive operating experience and expertise in corporate governance will be invaluable as we navigate the healthcare industry with new and innovative solutions. Rita’s addition will also strengthen our US presence and our commitment to Board diversity.”

Rita Johnson-Mills added: “Nyxoah is truly unique in the health technology field and I am thrilled to lend my expertise to the Board and the leadership team in identifying ways to positively impact the health and quality of life for those living with the debilitating impact of sleep disordered breathing conditions.”

Rita Johnson-Mills is a seasoned former C-suite healthcare executive. Rita’s background and experience include a combined 30 years of federal and state government and private industry experience, 15 years of which she was directly responsible for profitability and growth of healthcare organizations. She spent 11 years with UnitedHealthcare including as CEO of UnitedHealthcare Community Plan of Tennessee. Rita currently serves on the Board of Directors of Brookdale Senior Living Inc. and Quest Analytics, LLC. Rita received dual Master’s degrees from Ohio State University, Master of Public Policy and Master of Labor/Human Resources. She is also a Hogan certified executive coach and a National Association of Corporate Directors Governance Fellow.

The appointment of Rita Johnson-Mills is effective immediately, subject to final appointment by the next shareholders’ meeting.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a CE-validated, patient-centered, next generation hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and comorbidities including cardiovascular diseases, depression and stroke.

Following the successful completion of the BLAST OSA study in patients with moderate to severe OSA, the Genio® system received its European CE Mark in 2019. The Company has completed the BETTER SLEEP study in Australia and New Zealand for therapy indication expansion and is currently conducting the DREAM IDE pivotal study for FDA approval and a post-marketing EliSA study in Europe to confirm the long-term safety and efficacy of the Genio® system.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contacts:

Nyxoah
Fabian Suarez, Chief Financial Officer
corporate@nyxoah.com
+32 (0)10 22 24 55

Gilmartin Group
Vivian Cervantes
IR@nyxoah.com

Attachment

Posted on

RAM ratings maintains Malaysia’s 2021 GDP forecast at 3.8 pct

KUALA LUMPUR, RAM Rating Services Bhd (RAM Ratings) has maintained its 2021 forecast for Malaysia’s gross domestic product (GDP) at 3.8 per cent.

In its latest Economic Update 2021 report, the credit rating agency, however, said the ramped-up vaccination rate in the country is expected to facilitate the reopening of most economic sectors in the fourth quarter, providing a healthy lift to growth.

“For 2022, we have pencilled in a growth forecast of between 7.0 and 8.0 per cent.

“Although this is primarily aided by low base effects, the reopening of most sectors of the economy and gradual utilisation of domestic spare capacity should boost underlying growth,” it said in a statement today.

It also noted the continued recovery in global demand, particularly excess demand for semiconductors, will also buoy Malaysia’s performance next year.

RAM Ratings noted that overall output for 2022 is expected to recover above the level seen in 2019, estimated to be about 4.8-5.8 per cent higher.

“Economic conditions are, however, unlikely to fully normalise until after 2022, as the severity of the impact on the economy has resulted in a negative output gap in the short term.

“We estimate that the economy, in aggregate, would operate 5.0 per cent below its potential output in 2022,” it said.

This translates into about RM75 billion to RM85 billion less in output than could have been achieved without the fallout from the pandemic, it added.

The credit rating agency said the pace of vaccinations remains a key driver of domestic recovery, as is the continued recovery of the global economy.

“Exports are still the bright spot in the Malaysian economy, for which we project a strong rebound (2021: 11.1 per cent; 2022: 4.6 per cent) amid the semiconductor supercycle,” it said.

Source: BERNAMA News Agency

Posted on

TM expects single-digit revenue growth in FY2021 supported by all customer segments

KUALA LUMPUR, Telekom Malaysia Bhd (TM) is well poised to see a single-digit growth in its revenue for the full financial year (FY) 2021 backed by solid performance across all customer segments – unifi, TM One and TM Wholesale in the first half (H1) ended June 30, 2021.

TM’s managing director and group chief executive officer Imri Mokhtar said the group is committed to continuously invest in capital expenditure (capex), where based on its market guidance for the whole 2021, it would be 14-18 per cent of total revenue.

During the H1 2021, TM utilised 10.7 per cent or RM597 million on capex.

“As a commercial entity, a public-listed company and a government-linked company (GLC), we need to commercially sustain our profits while also balancing our role as a nation builder.

“Despite higher volume on data usage by unifi households of about 45 per cent on average since March 2020, we do not foresee any increase in terms of pricing and billings onto our customers,” he said in a virtual press conference today in conjunction with the announcement of its financial results for the H1 2021.

Following the new norm which saw unifi fixed broadband customers grew 15 per cent to 2.55 million in June 2021 over the past 12 months, Imri believed the demand would continue to rise as the trend of working from home and the need of Internet connection for households has become an essential service.

In Q2 2021, unifi recorded its highest number of new customers in its 11-year history of over 210,000, which is 138 per cent above its commitment under the Jalinan Digital Negara (JENDELA) plans.

Source: BERNAMA News Agency

Posted on

ANGKASA confident new MEDAC Minister can strengthen cooperatives sector

KUALA LUMPUR, The Malaysian National Cooperative Movement (ANGKASA) believes the experience and ideas of the new Minister of Entrepreneur Development and Cooperatives (MEDAC) Tan Sri Noh Omar can strengthen the entrepreneurship of cooperatives.

His appointment will help raise the standard of living of cooperative members as well as the socio-economic wellbeing of the people in general through the platform of cooperatives, said president Datuk Abdul Fattah Abdullah.

“The appointment of Noh is like a homecoming for him as he had held the same portfolio from 2008 to 2009. He was also appointed the chairman of Perbadanan Usahawan Nasional Berhad (PUNB) on June 23, 2020,” he said in a statement.

ANGKASA also welcomed Deputy Minister of MEDAC Muslimin Yahaya to the effort of bringing the cooperative movement to the next level.

Abdul Fattah said the positive momentum of the cooperative sector should be enhanced so that it can meet the government’s target for the industry to contribute RM60 billion to gross domestic product (GDP) in 2025.

ANGKASA said it will always give full cooperation to MEDAC and its agencies so that the development agenda of the cooperative movement is in line with the government’s strategies and targets to put the economy back on track post-pandemic.

Source: BERNAMA News Agency

Posted on

MAHB: Tender for KLIA’s Automated People Mover at final stage of evaluation

KUALA LUMPUR, The tender for Kuala Lumpur International Airport’s (KLIA) Automated People Mover (APM) is now at the final stage of the evaluation process, Malaysia Airports Holdings Bhd (MAHB) said.

In a statement today, the airport operator group said it has identified a final shortlist of APM bidders to replace its ageing Aerotrains after completing a technical evaluation stage.

“The shortlisted bidders are being evaluated on their commercial offers.

“Malaysia Airports’ tender approach puts a priority on first meeting its business objectives as well as the project’s technical and performance requirements,” said MAHB.

It also said that all submissions had been evaluated objectively and fairly according to the set requirements.

In addition, MAHB said that bidders that do not meet these requirements would not proceed to the final commercial evaluation stage and all unsuccessful bidders have been duly informed of their status.

“All three Aerotrains that are currently in operation at KLIA are due for replacement as the assets are approaching their end-of-life stage.

“Two of the Aerotrains have been in service since the airport first opened in 1998 with a third train added in 2010,” said MAHB, adding that the replacement trains are expected to be able to cater to the airport’s future growth.

In 1998, KLIA’s Terminal 1 annual traffic movement was 13 million passengers whereas, in 2019, it had reached 29 million passengers, said the statement.

The tender is expected to be concluded over the next couple of months and MAHB said it would make the appropriate announcement once a formal award is approved by the board.

Source: BERNAMA News Agency

Posted on

Penang’s USAHAWAN calls on new MEDAC Minister to hold dialogue with MSMEs

GEORGE TOWN, The Pulau Pinang Muslim Entrepreneurs Organisation (USAHAWAN) hopes the Ministry of Entrepreneur Development and Cooperatives (MEDAC) and its new minister Tan Sri Noh Omar will hold a dialogue with entrepreneurs to get a better idea of their problems amid the pandemic.

USAHAWAN president Datuk Muhamad Farid Saad said the input will help MEDAC implement an action plan to help micro, small and medium-sized enterprises (MSMEs) which have been hit hard by the impact of COVID-19.

“The input coming from the views of entrepreneurs is necessary for the formulation of a practical policy, instead of a fancy-looking policy. It will help with the preparation of a stronger Budget 2022 that can help Bumiputera entrepreneurs who are in distress in every way, in both life and livelihood,” he said in a statement.

USAHAWAN, who congratulated Noh on his appointment, said this is an opportunity for the new minister to help entrepreneurs recover, noting that Noh has wide knowledge and experience, having been the chairman of Perbadanan Usahawan Nasional Berhad (PUNB).

Source: BERNAMA News Agency