Latest news with #FinancialStatements
Yahoo
5 days ago
- Business
- Yahoo
Annual Financial Report
Oxford Technology 2 VCT plc (the "Company") Legal Entity Identifier: 2138002COY2EXJDHWB30 Annual Report & Financial Statements for the year ended 28 February 2025 and Notice of AGM The Directors are pleased to attach the Company's annual report and financial statements ('Annual Report and Accounts') for the year ended 28 February 2025. The associated PDF document can be downloaded by clicking the following link: OT2 2025 ANNUAL REPORT SIGNED or the attachment shown at the bottom of this RNS. The Annual Report and Financial Statements ("Annual Report and Accounts") for the year ended 28 February 2025 and the Notice of Annual General Meeting will be: sent to shareholders shortly; and available for inspection at The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA, the Company's registered office; and available in electronic format for download on a website maintained by the Company's Investment Adviser, Oxford Technology Management Limited. A copy of the Annual Report and Accounts will also be submitted shortly to the National Storage Mechanism ("NSM") and will be available for inspection at the NSM, which is situated at: The audited net asset values for each Share Class as at 28 February 2025, together with a comparison to those figures at 31 August 2024, are as set out below: Share Class Audited NAV p per share 28/02/25 Unaudited NAV p per share 31/8/24 Change in NAV % OT1 36.6 46.8 -22% OT2 15.2 18.9 -20% OT3 15.1 22.9 -34% OT4 19.8 21.2 -7% The Annual Report contains the notice of the Annual General Meeting. The Company's AGM will be held on 7 October 2025 at 2 pm at the Magdalen Centre, Oxford Science Park, Oxford OX4 4GA. Shareholders who would like to attend are invited to notify us on vcts@ At 28 February 2025, the Company's issued share capital was 27,844,888 shares. The Company holds no shares in treasury and the total voting rights in the Company are 27,844,888. This figure of 27,844,888 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, this information is now considered to be in the public domain. For further details about the Company please either visit the Company's website: or contact: Lucius Cary 01865 784466 Lucius@ Attachment OT2 2025 ANNUAL REPORT SIGNEDError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
5 days ago
- Business
- Cision Canada
Cargojet Appoints Aaron McKay As Chief Financial Officer
MISSISSAUGA, ON, June 16, 2025 /CNW/ - Cargojet Inc. (TSX: is pleased to announce the appointment of Mr. Aaron McKay as Chief Financial Officer, effective August 1, 2025. Mr. McKay brings extensive expertise in the airline industry, with a proven track record in senior financial leadership roles. His strategic acumen and deep understanding of financial operations will significantly strengthen Cargojet's executive team as the company continues to drive growth and operational excellence. "We are delighted to welcome Aaron as our Chief Financial Officer," said Co-CEOs Jamie B. Porteous and Pauline Dhillon in a joint statement. "His exceptional financial expertise and industry insights will be instrumental in guiding Cargojet's strategic initiatives and ensuring sustained financial success. We are confident Aaron's leadership will further solidify our position as a market leader." Cargojet is Canada's premier provider of time-sensitive air cargo services, serving major cities across North America. Operating a fleet of 41 cargo aircraft, the company delivers dedicated, ACMI, and international charter services, transporting over 25 million pounds of cargo weekly. With a commitment to reliability and innovation, Cargojet continues to set the standard for premium air cargo solutions. Notice on Forward Looking Statements: Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests" and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the issuer's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Annual Consolidated Financial Statements and Quarterly Financial Statements and Notes thereto and related Management's Discussion and Analysis (MD&A), for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason, other than as required by applicable securities laws. In the event the issuer does update any forward-looking statement, no inference should be made that the issuer will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
The Citizen
14-06-2025
- Business
- The Citizen
DA raises alarm over R8.5m deficit at Polokwane Housing Association
Quick read The DA in Polokwane has raised serious concerns over the financial mismanagement of the Polokwane Housing Association (PHA), which is projecting an R8.5 million deficit despite receiving a R10 million municipal subsidy. DA councillor Jacques Joubert said the housing body has failed to submit annual financial statements on time and has regressed to a qualified audit finding. Joubert pointed to the largely unoccupied phase two of the Ga-Rena housing project as a key example of mismanagement, citing delayed tenant placements and previous water supply issues. Phase one has also suffered vandalism and poor maintenance. Joubert warned that without decisive leadership and regular reporting, the entity risks collapse. The municipality has not yet commented on the matter. Full story POLOKWANE – The DA in Polokwane is deeply concerned about the manner in which the municipality's housing provision arm, the Polokwane Housing Association (PHA) is being managed, and intends to request a joint portfolio committee meeting to call the PHA Board of Trustees to account for a projected R8.5m deficit for the upcoming financial year. This deficit is despite the inclusion of a R10m subsidy in the city's budget. The PHA is tasked with providing affordable housing to qualifying residents but continues to be marred by maladministration and a failure to fulfil its core mandate, according to Jacques Joubert, DA councillor on the finance and land use, spatial planning and LED portfolio committees. To exacerbate the situation, the PHA has failed to submit its Annual Financial Statements for the 2023/24 financial year within the legally prescribed time frame and regressed to a qualified finding. 'For far too long, the PHA executive management and board have relied on bailouts from the Polokwane Municipality, placing the financial burden squarely on the shoulders of the city's residents. This cannot be allowed to continue,' Joubert noted and added that currently, phase two of the Ga-Rena housing project at Ladanna which PHA is in charge of, remains mostly unoccupied, having stood vacant for many months – incurring substantial financial losses. According to Joubert, initial delays were due to backup water supply issues, followed by the painfully slow pace of tenant placement. 'Occupation of these units with qualifying residents will significantly help to address Polokwane's housing backlog and alleviate the escalating problem of illegal land use and unregulated backyard dwellings. Phase one also faces major issues and numerous units have been vandalised and are now uninhabitable. Furthermore, the project has been plagued by poor debt collection since inception. 'Without firm and effective leadership, this entity is on a continued path to inevitable failure,' Joubert said and added that transparency and accountability are at an all-time low. Monthly financial reports are not submitted to the housing portfolio committee, and no joint oversight meetings with the finance portfolio committee have taken place in over 18 months. Comment could not immediately be sourced from the Polokwane Municipality. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
13-06-2025
- Business
- Yahoo
Tenet Provides Update on Delayed Filing of Year-End 2024 Financial Results
Toronto, Ontario--(Newsfile Corp. - June 13, 2025) - Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that completing the audit of the Company's year-end 2024 financial statements (the "Financial Statements") would take longer than originally expected, in part due to the transition of the Company's operations in China and the impact on the Company's revenue, and the late start to the audit process affecting the availability of resources. The Company has now set the week of July 14, 2025 as the revised target date to complete the audit and filing of the Financial Statements following a recent meeting with the Company's auditors during which the matter was discussed. Upcoming Cubeler Business Hub Improvements Tenet would like to take this opportunity to thank all Cubeler Business Hub users who have provided, and continue to provide, feedback on their experiences with the platform. The information has been extremely valuable to the Company and has led to several improvements, particularly to the Networking and Insights modules, to be reflected in a relaunch of the platform this summer before its expansion to the United States. Tenet Chief Operating Officer, Mayco Quiroz, will be previewing some of the platform's new and improved features in a short recorded video to be released on June 20, 2025. About Tenet Fintech Group Inc.: Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: For more information, please contact: Tenet Fintech Group Quiroz, Chief Operating Officer514-340-7775 ext.: 510investors@ CHF Capital MarketsCathy Hume, CEO416-868-1079 ext.: 251cathy@ Follow Tenet Fintech Group Inc. on social media: X: @Tenet_Fintech Facebook: @Tenet LinkedIn: Tenet YouTube: Tenet Fintech Forward-Looking Information Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics and COVID-19; legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by Tenet with securities regulators in Canada. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, Annual Information Form, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Hamilton Spectator
12-06-2025
- Business
- Hamilton Spectator
Hapbee Is Upgrading U.S. Listing to OTCID to Expand Investor Access and Increase Market Visibility
VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) — Hapbee Technologies Inc. (TSXV: HAPB | OTC: HAPBF) ('Hapbee' or the 'Company'), a leading wearable wellness technology company, is pleased to announce that its U.S. listing has been upgraded from the OTC Pink Sheets to the newly established OTCID (OTC International Designated) tier on the OTC Markets Group platform. The Company will continue to trade under the symbol HAPBF once the upgrade is complete - effective July 1, 2025. This uplisting reflects Hapbee's ongoing commitment to enhancing transparency, accessibility, and engagement with a broader and diversified group of U.S.-based retail and institutional investors aligned with Hapbee's market rollout plans and broader growth strategy. 'We are excited to advance our capital markets strategy with this upgrade to OTCID,' said Yona Shtern, CEO of Hapbee. 'As we continue to scale our wellness platform and partner ecosystem across North America and internationally, this move provides U.S. investors with improved visibility and access to Hapbee's shares in a more structured and enhanced trading environment.' The OTCID market tier, launched by OTC Markets in 2024, is specifically designed for established, international issuers that meet higher standards of disclosure and governance. OTCID-listed companies benefit from expanded investor outreach capabilities, better market quality, and enhanced corporate credibility in the U.S. capital markets. The Company's primary listing remains on the TSX Venture Exchange under the symbol HAPB. Update on Audited Financial Statements The Company also announces that the filing of its annual audited financial statements and MD&A for the year ended December 31, 2024 (the 'Financial Statements'), required pursuant to Parts 4 and 5 of National Instrument 51-102 Continuous Disclosure Obligations, remains delayed. For a detailed explanation of the reasons for the delay, please see the Company's news releases dated April 18 and May 15, 2025. The Auditor is in the process of finalizing its audit of the Financial Statements for review by the Company's audit committee. The Company is expecting to file the Financial Statements together with the Chief Executive Officer ('CEO') and Chief Financial Officer ('CFO') certifications (collectively, the 'Required Filings') within the next seven days. In any event, the Company does not anticipate any issue in completing and filing the Required Filings on or before June 30, 2025, and will continue providing updates on its progress. A Management Cease Trade Order ('MCTO') under National Policy 12-203 Management Cease Trade Orders ('NP 12-203') was issued by the British Columbia Securities Commission, as principal regulator for the Company, on May 1st, 2025. The MCTO restricts all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until two business days after the Required Filings are filed or until it is revoked or varied. The Company confirms that it intends to satisfy the provisions of the 'alternative information guidelines' described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release for so long as it remains in default of the requirement to make the Required Filings. The Company has not taken any steps towards any insolvency proceeding, and the Company has no material information relating to its affairs that has not been generally disclosed. About Hapbee About Hapbee Technologies Inc. Hapbee is a digital wellness company that helps people optimize how they feel, sleep, and perform. Powered by ultra-low radio frequency energy (ulRFE®), Hapbee's wearable devices deliver safe, low-energy biostreams designed to promote desired wellness states such as focus, relaxation, and improved sleep — without the need for ingestibles. The Company's growing product ecosystem includes the Hapbee Mobile App, Smart Sleep Pad, Neckband and Immersive Mattress Topper, used by wellness enthusiasts, high-performance athletes, and health professionals around the world. To learn more, visit . Forward-Looking Statements Certain statements included in this news release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties, and other factors. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding the Company's ability to meet its planned product marketing and development initiatives and the Company's ability to achieve its e-commerce rollout and full-scale commercial launch as anticipated. Factors that could cause the actual results to differ materially from those in the forward-looking statements include, delays in design, production, manufacturing, development or releases of signal blends, collection of data from customer use, or the Company may not be able to achieve its targets as anticipated or at all; changes in legislation and regulations; increase in operating costs; equipment failures; failure of counterparties to perform their contractual obligations; litigation; the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These risks, uncertainties and assumptions could cause actual events or results to differ materially from those projected in any forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Renmark Financial Communications Inc. Bettina Filippone: bfilippone@ Tel: (416) 644-2020 or (514) 939-3989
