On Friday, UBS Group AG (USA) (NYSE:UBS)’s shares declined -1.23% to $21.62.
UBS Group AG (USA) (UBS) approved the distribution of a cash or share (title) dividend (“COTD”). Accordingly, between 8 May 2015 and 21 May 2015, each UBS AG shareholder was able to elect to receive either CHF 0.50 per share in cash or a number of new shares to be determined so as to be of substantially equivalent value to CHF 0.50 per share.
The final conversion factor under the COTD was 40.81 (number of existing shares required for a shareholder of UBS AG to receive one new share in UBS AG). This was based on the reference price of CHF 20.40 which corresponds to recently’s one-day VWAP (volume weighted average price) of the UBS Group AG share on the SIX Swiss Exchange, as published by Bloomberg. Share elections not corresponding to a multiple of the conversion factor were rounded down, shareholders affected by this rounding down will be compensated in cash accordingly. UBS AG shareholders from whom no valid election was made will receive CHF 0.50 per share in cash. Cash dividends will be paid out of the capital contribution reserve.
UBS Group AG, together with its auxiliaries, provides wealth administration, retail and corporate, asset administration, and investment banking products and services worldwide. The company’s Wealth Administration division provides financial services to wealthy private clients.
TASER International, Inc. (NASDAQ:TASR)’s shares dropped -1.21% to $31.87.
TASER International, Inc. (TASR) will present at the Craig Hallum Institutional Investor Conference on Wednesday, May 27, 2015 in Minneapolis, MN and attend the Benchmark Company, LLC One-on-One Investor Conference on Thursday, May 28, 2015 in Milwaukee, WI.
TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The company’s CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system. It offers three hand-held CEW product lines, counting TASER X26P and TASER X2, which integrates with EVIDENCE.com; and TASER X26.
At the end of Friday’s trade, Barrick Gold Corporation (USA) (NYSE:ABX)‘s shares dipped -1.25% to $12.29.
Barrick Gold Corporation (USA) (ABX) declared that it has formed a planned partnership with leading Chinese mining company Zijin Mining Group Co., Ltd (“Zijin”).
As a first step, Zijin will acquire 50 percent of Barrick (Niugini) Limited (“BNL”), the company which owns 95 percent of and manages the Porgera Joint Venture gold mine in Papua New Guinea. In addition, Barrick and Zijin have signed a long-term planned cooperation agreement which outlines the intent of both companies to collaborate on future projects and joint investments, leveraging the strengths of each company.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ), ended its Friday’s trading session with -1.29% loss, and closed at $31.41.
Canadian Natural Resource Ltd (USA) (CNQ) declares its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.23 (twenty-three cents) per common share. The dividend will be payable July 1, 2015 to shareholders of record at the close of business on June 12, 2015.
Canadian Natural is a senior oil and natural gas production company, with ongoing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.
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