On Tuesday, Hospitality Properties Trust (NYSE:HPT)’s shares declined -2.05% to $29.10.
Hospitality Properties Trust (HPT) technology leader in the digital incentives, couponing and payment space, declared that on June 5th, 2015, the Autorité des Marchés Financiers issued a partial revocation of the cease trade order issued on May 19th, 2015 solely to permit the closing of a financing. The cease trade order was issued because Mobi724 was unable to file its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year ended December 31, 2014 (the “Year End Filings”) by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102). The partial revocation of the cease trade order will allow Mobi724 to complete a private placement to issue a maximum of 36 363 637 common shares at a price of $ 0.0825 for the aggregate amount of $3,000,000. The subscribers shall also be issued one common share purchase warrant for every common share issued on the first $2,000,000 at an exercise price of $0.0825 exercisable between November 15, 2015 and March 31st 2016 after which they shall expire. The distribution will only take place in Quebec.
The funds raised shall permit Mobi724 to prepare and finalize Year End Filings, to prepare its interim financial statements, interim MD&A and related CEO and CFO certificates for the interim period ended March 31, 2015 (the “Interim Filings”), to file a full revocation order within 60 days from the closing of the private placement, to satisfy ongoing debt obligations, to pay past due payroll expenses and to satisfy minimum overhead expenses to sustain ongoing operations.
Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company’s hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts. As of June 30, 2005, it owned 298 hotels located in 38 states in the United States; Puerto Rico; and Ontario, Canada.
ONEOK, Inc. (NYSE:OKE)’s shares dropped -0.05% to $39.44.
ONEOK, Inc. (OKE) the company declared and paid three dividends, and in January 2015, raised the dividend 7 percent.
Shareholders approved the following proposals:
- Election of three directors to the ONE Gas Board of Directors each for a three-year term;
- Selection of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2015;
- Performance aims and approval of the company’s executive compensation plan on an advisory basis; and
- Advisory votes on executive compensation will be conducted on a yearly basis.
ONE Gas trades on the New York Stock Exchange under the symbol “OGS,” and is comprised of in the S&P MidCap 400 Index.
ONE Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas. ONE Gas is one of the largest publicly traded, 100 percent regulated, natural gas utilities in the United States.
ONE Gas, Inc. (OGS) is a natural gas distribution company and the successor to the company founded in 1906 as Oklahoma Natural Gas Company, which became ONEOK, Inc. (OKE) in 1980. On January 31, 2014, ONE Gas officially separated from ONEOK into a stand-alone, 100 percent regulated, publicly traded natural gas utility.
ONE Gas is headquartered in Tulsa, Okla., and its companies comprise the largest natural gas distributor in Oklahoma and Kansas, and the third largest in Texas, in terms of customers.
ONEOK, Inc. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
At the end of Tuesday’s trade, Actavis plc (NYSE:ACT)‘s shares dipped -0.60% to $296.87.
Actavis plc (ACT) which accomplished the acquisition of Allergan, Inc., recently declared that the company has received approval from the U.S. Food and Drug Administration (FDA) to market NATRELLE INSPIRA™ round gel-filled textured breast implants, offering women undergoing reconstruction, augmentation or revision surgery another breast shaping option for a customized result. The NATRELLE INSPIRA™ line of breast implants is designed for women who are interested in raised breast fullness. NATRELLE INSPIRA™ breast implants are fuller than Allergan’s round, gel-filled breast implants presently accessible in the U.S.
Actavis plc develops manufactures, and sells generic, brand, and biosimilar pharmaceuticals. It offers over-the-counter products. The company also provides biosimilar products in women’s health, oncology, and other therapeutic categories. In addition, it offers pharmaceutical products in the areas of urology, gastroenterology, and dermatology therapeutic categories.
Voya Financial Inc (NYSE:VOYA), ended its Tuesday’s trading session with -0.17% loss, and closed at $46.38.
Voya Financial Inc (VOYA) declared that its Retirement business has recently renewed its longstanding relationship as the service provider for the City and County of Honolulu 457 Deferred Compensation Plan (the “Plan”).
Voya’s relationship with the City and County of Honolulu began more than 35 years ago and was extended following a five-year agreement, effective April 1, 2015. The Plan is a voluntary savings program accessible to City and County employees, and comprises of both a standard and a Roth 457 option. As of March 31, 2015, the Plan represented about $560 million in assets and 8,000 participants.
As part of its commitment to advancing the retirement readiness of Americans, Voya will continue to provide City and County employees with localized support and access to industry-leading tools and resources. These capabilities comprise Voya’s newly improved participant website, which features the award-winning myOrangeMoney™ retirement income planning experience, in addition to communication and education programs designed to engage and motivate employees to save. Participants also have access to a wide range of investment options, counting stable value and other offerings from Voya’s own asset manager, Voya Investment Administration.
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services in corporate, education, healthcare, and government markets; and rollover individual retirement accounts and other retail financial products, in addition to financial advisory services to individual customers.
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