Daily Archives: July 2, 2019

Metals.com Resolves All Issues With The Texas State Securities Board

BEVERLY HILLS, Calif., July 02, 2019 (GLOBE NEWSWIRE) — Metals.com has resolved all issues with the Texas State Securities Board (TSSB) related to the initial order that the TSSB filed on May 1, 2019.

The agreement to dismiss the initial order was filed on July 1, 2019, in an Agreed Order in which the TSSB found the following:

  • Metals.com trains its employees on legal compliance;
  • Metals.com has policies that prohibit employees from providing investment advice;
  • Metals.com does not permit cold calling; and
  • Metals.com does not permit the targeting of any demographic group.

The TSSB also dismissed similar allegations against individual employees Walter Vera, Michael Kendall, and Athena Hunter, with no penalties or fines.

Notably, TSSB did not impose a fine and acknowledged that “as a measure of good faith and demonstration of its commitment to complying with the law,” Metals.com would enhance its existing compliance program.

Metals.com also agreed to offer an extension of what it has already offered for over ten years with its best in class rescission and commitment to total customer experience satisfaction – a continuation of what is already the most extensive policy in the metals industry.

Metals.com retained the law firm of Jones Day, founded in 1893, to advise on this matter as well as in all matters related to legal compliance.

Metals.com believes in the metals it distributes from the United States Government Mint, Canadian Mint, and the British Royal Mint products, and in its record of unparalleled success in the metals industry. Over its 10-year history, Metals.com has become one of the country’s largest sellers of precious metals and enjoys top consumer ratings for customer satisfaction and low pricing. Metals.com is committed to abiding by all laws, maintaining the highest standard of ethics, and ensuring the continued satisfaction of its customers. It will use this opportunity to further enhance this commitment as a global leader in the metals industry.

Contact:
Andrew Marsh
(212) 542-3146
corporate@metals.com

AgroSavfe appoints Patrice Sellès as new Chief Executive Officer and further strengthens leadership team

  • Patrice brings over 20 years of leadership experience in the Food and Crop Protection sector
  • Luc Maertens appointed Chief Operations Officer
  • Significantly strengthened AgroSavfe’s leadership team to further support accelerated growth of the Company

GHENT, Belgium, July 02, 2019 (GLOBE NEWSWIRE) — AgroSavfe NV, a rapidly growing and transformative AgTech company developing next generation AGROBODY™-based biocontrols, today announces the appointment of Patrice Sellès as new Chief Executive Officer (CEO). In addition, Luc Maertens has been appointed Chief Operations Officer (COO).

Patrice joins AgroSavfe from Syngenta, a leading agriculture company, where he spent more than 17 years in various international executive leadership and scientific positions, as Global Head R&D Strategic Portfolio and Performance, but also as venture investment manager. Patrice held his positions both in Europe and in the US.

Building on the proprietary AGROBODY Foundry™ Platform, Luc Maertens will head the full development of the rapidly expanding proprietary product pipeline as Chief Operations Officer. In this position, Luc will lead the coordination and execution of the Company’s programs from product design through to development and regulatory submissions as well as the commercial scale manufacturing.

Lieven De Smedt, Chairman of the Board of Directors, commented: “We are very pleased that Patrice is joining us as new CEO to bring AgroSavfe to the next level in the international markets. He thoroughly understands the Agro Industry dynamics thanks to his 20-year track record in various leadership roles, including portfolio and investment strategy development and execution, and business development. His expertise will be invaluable as we enter an important new phase and are starting to prepare the launch of our first product, expected in 2022.”

Patrice Sellès, CEO of AgroSavfe, said: “I am thrilled to have been offered the opportunity to lead AgroSafve at this important stage. Over the past few years, the team has de-risked a unique technology platform and developed a promising pipeline and I am excited to build on this success with our fantastic team in Ghent. I look forward to engaging with our stakeholders and supporting the company in becoming a strong and substantial business for the long term, addressing the many challenges currently facing worldwide agriculture and food production.”

About AgroSavfe

The growing demand for healthy, safe and sustainable food has increasingly imposed restrictions on agricultural practices. Therefore, improving food production efficiency in a sustainable way, while safeguarding the environment and its natural resources, is essential.

AgroSavfe has the ambition to contribute to a sustainable production of safe and healthy food. The Company is focused on the discovery, development and commercialization of effective and safe biocontrols to tackle plant pests and diseases using its ground-breaking, scalable, proprietary AGROBODY Foundry™ Platform.

AgroSavfe’s products are a novel class of biocontrols based on AGROBODY™ bioactive proteins that effectively and selectively target pests’ and pathogens’ essential molecules. AGROBODY™ bioactives combine the high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.

Based on its unique AGROBODY™ platform, AgroSavfe has built a versatile product pipeline against key pests and diseases, with the first product expected to enter the US market in 2022.

The Company was founded in 2013 as a spin-off from the VIB (Flemish Institute for Biotechnology) and is based in the biotech cluster in Ghent, Belgium. More information can be found on www.agrosavfe.com.

For further information, please contact

Corporate Communications & Investor Relations
Marieke Vermeersch, M.V.LifeSci Consulting for AgroSavfe
T: +32 (0)9 261 06 84
E: marieke.vermeersch@agrosavfe.com

Senior minister clarifies on violation on Garuda’s financial report

Jakarta (ANTARA) – Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan came clean on the violation by PT Garuda Indonesia in its financial report for December 31, 2018, following examination of the Finance Ministry and Financial Services Authority (OJK).

During the coffee morning program with reporters here on Tuesday, Pandjaitan made assurance that all lies will be exposed due to the level of transparency built until now.

“Hence, nowadays, we are not allowed to lie anymore. Can’t anymore. Sorry, in the past, a minister might be deceived, but now he or she can’t. Everything is now monitored thoroughly and makes the government now much more transparent in the decision-making process,” Pandjaitan emphasized.

The minister admitted that the national flag carrier had, since long, been reeling from several problems, including the steep price of purchasing an aircraft.

The former coordinating minister for political, legal, and security affairs also hinted at the government’s inefficiency in some cases, such as allowing state oil company Pertamina to monopolize the sales of aviation turbine fuel, thereby resulting in the price becoming more expensive.

“Why should Pertamina monopolize it, so that our oil is more expensive than what it is in Singapore? This should not happen. We must manage it. Why is it cheaper in Singapore? Yes, we make our competitors, make two, there are AKR, Shell, or whoever. However, it should be limited and not too many,” he explained.

Pandjaitan confirmed that the government will closely scrutinize the violation committed by Garuda Indonesia. He also reiterated that no violations should occur in order to improve the company’s financial reports.

“We can’t lie by making up our financial reports. That could be considered a crime under the law. Moreover, Garuda is an open company. Hence, if there is such a deviation, we must be careful in future,” he stated.

The minister also chose to not speak extensively on investor interest in the problems faced by Garuda Indonesia. Moreover, the airline had listed its shares on the Indonesia Stock Exchange (IDX) with the GIAA stock code.

Source: Antara News

Senior minister clarifies on violation on Garuda’s financial report

Jakarta (ANTARA) – Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan came clean on the violation by PT Garuda Indonesia in its financial report for December 31, 2018, following examination of the Finance Ministry and Financial Services Authority (OJK).

During the coffee morning program with reporters here on Tuesday, Pandjaitan made assurance that all lies will be exposed due to the level of transparency built until now.

“Hence, nowadays, we are not allowed to lie anymore. Can’t anymore. Sorry, in the past, a minister might be deceived, but now he or she can’t. Everything is now monitored thoroughly and makes the government now much more transparent in the decision-making process,” Pandjaitan emphasized.

The minister admitted that the national flag carrier had, since long, been reeling from several problems, including the steep price of purchasing an aircraft.

The former coordinating minister for political, legal, and security affairs also hinted at the government’s inefficiency in some cases, such as allowing state oil company Pertamina to monopolize the sales of aviation turbine fuel, thereby resulting in the price becoming more expensive.

“Why should Pertamina monopolize it, so that our oil is more expensive than what it is in Singapore? This should not happen. We must manage it. Why is it cheaper in Singapore? Yes, we make our competitors, make two, there are AKR, Shell, or whoever. However, it should be limited and not too many,” he explained.

Pandjaitan confirmed that the government will closely scrutinize the violation committed by Garuda Indonesia. He also reiterated that no violations should occur in order to improve the company’s financial reports.

“We can’t lie by making up our financial reports. That could be considered a crime under the law. Moreover, Garuda is an open company. Hence, if there is such a deviation, we must be careful in future,” he stated.

The minister also chose to not speak extensively on investor interest in the problems faced by Garuda Indonesia. Moreover, the airline had listed its shares on the Indonesia Stock Exchange (IDX) with the GIAA stock code.

Source: Antara News