Category Archives: Business

Champion Venture Partners Joins Forces with 5 Acre Holdings

Atlanta, GA, July 26, 2024 — 5 Acre Holdings LLC, a premier business management and development consulting firm, has officially partnered with Champion Venture Partners (CVP), the largest private capital sports asset class fund, to create Champion Management Company. This strategic alliance is set to enhance CVP’s capabilities by leading its internal management company, reinforcing their mission to provide more than just capital to their investments.

Champion Venture Partners, renowned for its robust portfolio in the sports sector, is poised to roll their fund into an interval fund, transforming investment opportunities and allowing individuals from all walks of life to hold meaningful ownership stakes in sports entities. The partnership with 5 Acre Holdings is a critical step towards realizing this vision.

A sports asset class interval fund operates by focusing on investments within the sports industry, such as ownership stakes in professional teams, sports leagues, or related businesses. These funds allow investors to gain exposure to the potentially high returns associated with the growing and dynamic sports sector while managing liquidity through scheduled share repurchases. By investing in this type of fund, investors can diversify their portfolios with unique sports-related assets, benefiting from the industry’s growth trends while balancing liquidity needs through periodic redemption opportunities. www.championpartners.co/

Champion Venture Partners (CVP) has developed an investment thesis centered on emerging sports teams and leagues, securing significant ownership stakes in major sports leagues such as the NFL, MLB, NHL, NWSL, and others. In addition to their investments in these teams and leagues, CVP strategically deploys capital in growth-stage companies within the sports industry. Their investment portfolio also extends to the technology, real estate, medical/wellness, and hospitality sectors, demonstrating their commitment to fostering innovation and growth across a diverse range of industries.

5 Acre Holdings boasts a formidable management team comprising executives and advisors from industry giants such as Amazon, Nike, NFL, MLS, Comcast, and Netflix. This team will collaborate closely with CVP and their investment holdings, driving growth and development across companies, products, brands, and revenue streams.

Kyle Auffray, former NFL player and founder of 5 Acre Holdings, expressed his enthusiasm for the partnership, stating, “Joining forces with Champion Venture Partners marks a significant milestone for 5 Acre Holdings. Our combined expertise and shared vision for innovation and growth will propel our investments to new heights, delivering unparalleled value to our stakeholders.”

Marques Colston, former NFL star and New Orleans Saints legend, and co-founder and partner of CVP, echoed Auffray’s sentiments, adding, “This partnership underscores our commitment to providing not just financial backing but also the strategic leadership necessary for sustained success. With 5 Acre Holdings at the helm of our management company, we are confident in our ability to transform the landscape of sports investments.”

Together, 5 Acre Holdings and Champion Venture Partners are set to redefine the standards of sports asset management, fostering an environment of innovation, growth, and opportunity with Champion Management Company.

BDA Advises Doosan Enerbility on Sale of Doosan Power Systems India to Casagrand Builder

New York, NY, July 26, 2024 –BDA Partners is pleased to announce that its client, Doosan Enerbility, has sold the assets of Doosan Power Systems India Pte Ltd (“DPSI”) to Casagrand Builder Pte. Ltd., a prominent real estate firm in Chennai, India. This transaction marks a significant step in Doosan Enerbility’s strategic refocus towards its core competencies and energy transition goals.

BDA was the exclusive financial advisor to Doosan Enerbility on the transaction. Terms of the transaction were not disclosed. This is BDA’s fifth transaction for Doosan since 2021.

DPSI, renowned for its advanced boiler technology and power plant solutions, has been a significant player across the global energy sector. DPSI’s portfolio includes the construction of 29 Ultra Super Critical (“USC”) boilers worldwide. Its expertise extends to the world’s largest 700°C Hyper Super Critical (“HSC”) boiler. DPSI’s legacy spans two decades, showcasing unparalleled experience in the design and manufacture of USC boilers.

BDA’s expertise was instrumental in identifying and segregating these non-core assets, aligning with Doosan’s strategic shift towards sustainable energy. This marks the fifth transaction with Doosan since 2021.

Howard Lee, Partner and Head of BDA Seoul, said, “This transaction represents a pivotal moment for Doosan Enerbility in its pursuit of innovation and leadership in the energy sector. BDA’s role underscored the strategic importance of aligning asset portfolios with core business objectives. We’re proud to have facilitated this significant move for Doosan.”

Kumar Mahtani, Partner and Head of Industrials, India, added, “The successful divestiture of DPSI’s assets to Casagrand exemplifies BDA’s proficiency in complex cross-border transactions, and highlights our commitment to supporting clients’ strategic realignments. We’re confident that this move will foster new growth opportunities for both Doosan Enerbility and Casagrand.”

Uniting Leaders to Elevate Texas Healthcare

Jacksonville, FL, July 26, 2024 –ValueH, the parent organization behind the highly successful Florida Association of ACOs (FLAACOs), proudly announces the inaugural board members for its latest initiative: the Texas Association of Accountable Care Organizations (TXAACOs). TXAACOs is dedicated to fostering innovation and excellence in value-based care across Texas, bringing together industry leaders committed to improving patient outcomes while reducing healthcare costs.

TXAACOs aims to serve as a premier professional hub for accountable care organizations and healthcare thought leaders throughout Texas. By promoting collaborative endeavors, TXAACOs strives to elevate the quality of patient care and advance value-based care initiatives both locally and nationally. The association provides a platform for visionaries and healthcare leaders in Texas to share their knowledge, ideas, and solutions, enabling more Texans to receive care that is proactive, coordinated, and comprehensive.

“As value-based healthcare reform enters its second decade nationwide, Texas is uniquely positioned to leverage proven provider-led successes. TXAACOs will unify and focus our efforts, bringing a strong voice to Austin and our local communities. Our goal is to reduce the cost of care and improve the health of our workforces, elderly, disabled, and needy populations. I am excited to collaborate with the TXAACOs board leaders and operators to accelerate the progress of value-based care in our great state,” said John Ford, CEO of PrimeCare Managers.

The inaugural board members of TXAACOs, all of whom are committed to driving innovation in value-based care in the state of Texas and beyond, are as follows:

– Annail Gutierrez – Regional Director, South Texas ACO Reach, LLC
– Crystal Ecton – Texas Market President, Aledade
– John Ford – CEO, PrimeCare Managers
– Prem Karlapudi – CEO, Excel Health ACO / ACO Trends Publication
– Reyann Davis – Director of Value-Based Care, A&M Rural and Community Health Institute | Texas A&M Health
– Zeeshawn Siddiqui – Director of Network Development, Pearl Health
– Nicole Bradberry – CEO, Florida Association of ACOs
– Bryan Rotella – General Counsel – Founder & Managing Director, GenCo Legal

“Accountable Care Organizations across the nation are driving significant improvements in the quality, experience, and cost of care. They are leading us towards a future where value-based care protocols are seamlessly integrated into every healthcare interaction,” said Crystal Ecton, President of Aledade’s Texas market and new board member of TXAACOs. “With the formation of TXAACOs, leaders from every ACO sector in Texas can share their knowledge, ideas, and solutions. This collaboration will enable Texans to receive proactive, coordinated, and comprehensive care, ultimately reducing the total cost of care.”

To mark the official launch of TXAACOs, a kick-off reception for Texas value-based healthcare leaders will be held on September 19, 2024, at 6:00 PM at the Virgin Hotels Dallas, 1445 Turtle Creek Blvd, Dallas, TX 75207. This event is an opportunity for healthcare professionals to network and learn more about the organization’s goals and initiatives. For those interested in attending, more information is available here. Sponsorships are still available.

The inaugural TXAACOs annual conference will be held in the spring of 2025, promising invaluable opportunities for networking, education, and collaboration among healthcare professionals committed to advancing value-based care in Texas.

Granding Launches New Product Series – The Turnstile Access Control System

Lindstrom, MN, July 26, 2024 — With combined core of Biometric technology and great integrated ability, Granding has been successful in biometric access control system. Exported to over 150 countries, Granding’s access control system terminals get good feedback from users. Throughout its development history, Granding has always adhered to the philosophy of “innovation, quality, service”, continuously forged ahead to provide customers with high-quality products and services. The new product series Turnstile Access Control System reflects Granding’s insistence on technological innovation and product upgrading.

The following four types of gates are currently being introduced：

1 Swing Barrier Turnstile
SG1000: SG1000 Smart Electronic Pedestrian Biometric access turnstile with LED indicator, the cabinet width of the device is only 12CM, combined with the 140CM length, the device looks elegant and luxury. Using DC motor and optimized mechanism, the device barrier runs smoothly and silently. Because of the modular design, the device is easy to install and maintain. Using the modular design, it is easy to integrate third-party systems onto the device.

ST200: ST200 is designed main entrance for factory or residential community. The ST200 with standard 1100mm wide lane is suitable for both people and motor bike. Using the DC brushless motor and mechanism, the device works ­even after crashed by bike. It is total waterproof design on the cabinet, can be installed outdoor. Because of the modular design, the device is easy to install and maintain.

ST400: Swing Barrier Turnstile ST400 is made of SUS304 stainless steel. Swing gate turnstile TS400 also called: Swing Door, Swing Barrier, Swing Gate. Swing Gates consist of dc motor or servo motor, mechanism, electric circuit, led lamp, sensors, swing barriers, buzzer, etc. This security gate turnstile provides a flexible passageway access control system, ST200 with standard 1100mm wide lane is suitable for both people and motor bike. The swing barrier widely used in bus station, supermarkets, gyms, metro stations, school, hotel, electric circuit, sensors etc. And it can be integrated with third-party access control system Fingerprint, IC/Id Card, RFID Card, QR Code, Face Recognition, and Ticket System.

ST100S: ST100S is a single-channel RFID access control gate swing barrier series designed for smoothness and quietness. operation and low power requirements. It is made of stainless steel, which makes the ST100S highly durable. ST100S RFID swing barrier tempered glass barriers normally remain in the locked position to prevent personnel from entering Protected side. After the ST100S reader (RFID/fingerprint) recognizes the user’s valid access card or fingerprint, and its fence will automatically swing to let the user pass fixed side.

ST500: ST500 Swing barrier turnstile is a space efficient security barrier, with a compact design, yet offer sufficient space to integrate any access control system. ST500 solid stainless cabinet and waterproof turnstile, with transparent acrylic barrier and LED light. It has a good performance for anti-tailgate. With the modular design, the maintenance of the device is easy and fast. ST500 stainless swing barrier is a cost-effective solution for entrance access control system, widely used for factory, building, school, subway, gym, etc.

ST300: Swing Barrier gate ST300 utilities a mechanical drive unit with self-centering, anti-action mechanisms, and spring dampers, which allows the rotation of the security turnstile to be pushed through effortlessly thus facilitating a high volume of human traffic flow. ST300 is designed main entrance for factory or residential community. And it can integrate with access controller.

SG2000: SG2000 Access Road Barrier Gate Automatic Speed swing barrier gate And Access Control Turnstile Gate with High Speed Passage, with DC brushless motor and mechanism, long life cycle， and the LED indicator, high quality and solid stainless steel cabinet, elegant design makes the access speed gate SG2000 more durable .the turnstile access control system cabinet width of the device is only 12CM, combined with the 140CM length, the device looks elegant and luxury. Using DC motor and optimized mechanism, the device barrier runs smoothly and silent. Fast and easy setting by numeric display. Easy installation between master and slave board Small LED show the status of the device clearly Testing keypad on board. All kinds of customized sizes and functions are acceptable.

2 Tripod Turnstile
TR120: Tripod turnstile TR120 Series, also called three-roller gate, is a kind of access control gate, which is an intelligent security gate terminal device for the entry and exit of the pedestrian passage. Stainless Steel Turnstiles is mainly used for the management of the entrance and exit of the passage. It has the characteristics of fast opening, safety and convenience, etc.TR120 tripod turnstiles is a space efficient security barrier, with a compact design, yet offer sufficient space to integrate any access control system. The device works bidirectional to control the entrance. It has a good performance for anti-tailgate. With the modular design, the maintenance of the device is easy and fast.

TR200: TR200 is a space efficient security turnstile, with a compact design, sufficient space, it can integrate with turnstile access control system, such as facial recognition, fingerprint reader, card reader. This access gate works bidirectional to control the entrance gate. It also has a good performance for anti-tailgate. With the modular design, the maintenance of the device is easy and fast. Up to 25 people can pass in a minute, Tripod turnstile TR200 is a cost-effective solution for entrance control.

TR400: TR400 tripod turnstiles is a space efficient security barrier, with a compact design and high access control turnstile with three revolving arms. Tripod turnstiles restrict access to one person at a time with a set of rotating tripod barrier arms. The turnstile gates with sufficient space and it can combination with access control system. The device works bidirectional to control the entrance and designed SUS304 Stainless steel barrier. TR400 Tripod barrier turnstiles support biometric readers. You can add face recognition, fingerprint/RFID reader, QR code, etc. Tripod turnstiles gate with multi functions. They can operate manually or with added electronics for locking and card reader access. The Tripod Turnstile access control System widely use in checking tickets at sports stadiums, amusement parks, and university facilities, etc.

3 Full Height Turnstile
FH1000: FH1000 series full height turnstile system, which is s a high-tech product which mainly provides high security access gate level management to passageway. The full height barrier device uses high quality stainless steel and total waterproof design, it can be installed directly outdoor. The device works in bidirectional, only after the user access granted, the barrier can be pushed open. And you can choose optional function for biometric reader, facial, fingerprint, etc. The FH1000 turnstile is 90 degrees mainly used for the access control entrance and exit, with safety, convenience, eliminate illegal access, and in the case of emergency quick control of free access and other characteristics. It is widely used in airports, stations, docks, scenic spots, parks, smart communities, prisons and other occasions that need to realize intelligent management of channels.

FH2000: It has stable and reliable mechanical locking device, precise movement and turntable combination structure with special process; After the pedestrian reads the valid card, if the system does not pass within the specified time of the system, the system will automatically cancel the pedestrian access right.

4 Flap Barrier Turnstile
FB200: FB200 Series flap barrier turnstile is a space efficient security barrier, with a compact design, yet offer sufficient space to integrate any access control system. The device works bidirectional to control the entrance. It has a good performance for clear lane when opening. With the modular design, the maintenance of the device is easy and fast.

FB300: FB300 Series flap barrier turnstile is a space efficient security barrier, with a compact design, yet offer sufficient space to integrate any access control system. The device works bidirectional to control the entrance. It has a good performance for clear lane when opening. With the modular design, the maintenance of the device is easy and fast.

As the name implies, Grand is our primary core value. We believe trust is the foundation of building the right relationships between customers and us. At Granding, we know that taking care of your business is our business. we are aiming at establishing a grand business by delivering what we promised and growing together with you.

StrucSure Home Warranty Awards Kindred Homes with Prestigious Platinum Builder Status

Denver, CO, July 25, 2024 — StrucSure Home Warranty is proud to announce that Kindred Homes has been awarded the esteemed “Platinum Builder” status, a mark of excellence and the highest accolade conferred upon their top builder members. This designation recognizes builders who have demonstrated exceptional quality, craftsmanship, and customer satisfaction in the homebuilding industry.

Kindred Homes has been a valued member of the StrucSure Home Warranty program since 2007 and has consistently protected the homes they build with insurance-backed warranty coverage. Their commitment to building homes with a focus on quality and craftsmanship, maintaining a high level of customer satisfaction, and proactively resolving construction issues before they become warranty claims has set them apart as industry leaders.

Key Achievements of Kindred Homes:
• Member of StrucSure Home Warranty since 2007
• Consistent enrollment of over 50 homes per year
• Excellence in quality and craftsmanship
• High customer satisfaction ratings
• Proactive resolution of construction issues
• Dedication to the homebuilding industry

“We are thrilled to recognize Kindred Homes with the ‘Platinum Builder’ status,” said Tiffany Acree, Senior VP of Sales at StrucSure Home Warranty. “Their dedication to quality, customer satisfaction, and the homebuilding industry is exemplary. We value their contribution to the industry and their role in building the American Dream.”
StrucSure Home Warranty looks forward to many more years of partnership with Kindred Homes, as they continue to set high standards in homebuilding and customer satisfaction.

Frank Co is Awarded Contract for a New Brewery Coming to Carrollton, GA

Carrollton, GA, July 25, 2024 — Revitalization of Historic Alley Cat Brewery to Introduce ‘Dream City’ – A State-of-the-Art Brewery and Rooftop Destination.

The Alley Cat Brewery, a beloved landmark in our city, is set to undergo a transformative revival into a cutting-edge brewery and vibrant community space named ‘Dream City.” The esteemed construction firm Frank Co GC has been awarded the task of renovating this iconic building, ushering in a new era of craft brewing and community engagement.

Dream City aims to blend the rich history of the Carrollton square with modern architectural innovation. The redevelopment project will see extensive updates to the existing structure, along with the exciting addition of a second-floor rooftop deck that promises to offer outdoor vibes and awesome views. This rooftop area is envisioned as a hub for social gatherings, events, and of course, enjoying finely crafted beers in a unique setting.

“We are thrilled to be part of this historic transformation of Alley Cat Brewery into Dream City,” said Eric Hansen, Director of Operations for Frank Co GC. “Our team is committed to preserving the heritage of this site while introducing state-of-the-art features that will elevate the brewing experience and create a destination that the community will cherish.”

The revitalization project will not only enhance the physical space but also contribute to the local economy by creating jobs and attracting visitors to the area. Dream City aims to become a cornerstone of the community, fostering a sense of pride and offering a dynamic venue where residents and visitors can come together to enjoy exceptional craft beer with a relaxed atmosphere.

“We see Dream City as more than just a brewery; it’s a catalyst for community engagement and cultural revitalization,” added Eric. “Through thoughtful design and collaboration with local stakeholders, we aim to create an inclusive space that celebrates our city’s past while embracing its future.”

The redevelopment of Alley Cat Brewery into Dream City is expected to be completed by October 2024, with an opening celebration to follow shortly thereafter. For more information and updates on the progress of this exciting project, please visit FrankCoGC.com.

Karan Johar’s Jewellery Brand Tyaani, Proudly Announces the Successful Opening of Its New and First Store in Pune

July 25, 2024,Pune, Maharashtra, India : Karan Johar’s jewellery brand Tyaani, proudly announces the successful opening of its new and first store in Pune. The grand opening event was a resounding success, attracting a diverse crowd of jewellery enthusiasts, fashion connoisseurs, and notable personalities. Punekars no longer need to travel to Mumbai for their next jewellery purchase, as Tyaani by Karan Johar is now in Pune.

Located at Pillar – 391 East Ave, Kalyani Nagar, the store offers a wide range of Tyaani’s signature collections. The Pune store, now open to the public, invites everyone to experience the magic of Tyaani Jewellery.

Karan Johar’s jewellery brand, Tyaani, seamlessly blends creativity and decades of jewellery expertise. Just like his movies, Tyaani’s jewellery is larger than life, capturing the essence of grandeur and elegance. Their jewellery has a contemporary flair that has inspired jewellers worldwide. His brand is dedicated to crafting exquisite jewellery that embodies the essence of Indian heritage and artistry. Tyaani, is also known for its handcrafted pieces that merge traditional craftsmanship with contemporary design sensibilities. Each piece in the collection is designed to celebrate life’s special moments, making them cherished heirlooms.

Maheep Kapoor, from the Fabulous Lives of Bollywood Wives fame & the renowned celebrity jewellery designer, elevated the inauguration celebration with her presence, infusing the event with glamour and sophistication. She is the esteemed jewellery designer at Tyaani & brings her unique vision and creativity to each piece. Her designs reflect a perfect blend of tradition and modernity, making Tyaani’s jewellery truly exceptional.

The event featured personalized styling sessions, allowing guests to explore pieces that complemented their unique styles. Attendees also had the opportunity to meet Maheep Kapoor and gain insights into the inspiration behind Tyaani’s designs. The interactive sessions and the chance to engage with her made the event a memorable experience for all.

Lineage Announces Pricing of Initial Public Offering

July 25, 2024,NOVI, Mich., United States : Lineage, Inc. (the “Company”) today announced the pricing of its underwritten initial public offering of 56,882,051 shares of its common stock at the initial public offering price of $78.00 per share. In addition, the underwriters of the offering have been granted a 30-day option to purchase from the Company up to 8,532,307 additional shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds received from the offering to repay borrowings outstanding under its delayed draw term loan, repay borrowings outstanding under its revolving credit facility, fund one-time cash grants to certain of its employees in connection with this offering and estimated cash to pay tax withholding obligations associated with stock grants and redeem its Series A preferred stock. Following such uses, the Company expects to use the remaining net proceeds for general corporate purposes, which may include the repayment of additional borrowings outstanding under its revolving credit facility.

The Company’s common stock is expected to begin trading on the Nasdaq Global Select Market on July 25, 2024, under the ticker symbol “LINE.” The offering is expected to close on July 26, 2024, subject to customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Wells Fargo Securities are acting as joint lead book-running managers for the proposed offering. RBC Capital Markets, LLC, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., UBS Securities LLC, Capital One Securities, Inc., Truist Securities, Inc., Evercore ISI, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, Deutsche Bank Securities Inc., CBRE Capital Advisors, Inc., HSBC Securities (USA) Inc., Piper Sandler & Co. and Regions Securities LLC are acting as joint book-running managers for the proposed offering. Blaylock Van, LLC, Cabrera Capital Markets LLC, C.L. King & Associates, Inc., Drexel Hamilton, LLC, Guzman & Company, Loop Capital Markets LLC, Roberts & Ryan Investments, Inc. and R. Seelaus & Co., LLC are acting as co-managers.

SLB announces voluntary delisting from Euronext Paris

July 25, 2024,PARIS, France : SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris.

Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, given the increasing costs, administrative requirements and managerial time required to maintain a dual listing, has requested a voluntary delisting from the Euronext Paris.

SLB became a public company in 1962 with its orignal listing on the New York Stock Exchange (NYSE), which has been its primary exchange. SLB will maintain its single listing on NYSE under the symbol “SLB”.

The delisting has been approved by the Board of Directors of Euronext Paris and the company’s shares will remain listed on the NYSE under the symbol “SLB”.

The holders of SLB shares traded on Euronext and held through the facilities of Euroclear France (the “SLB Euronext Shares”) will have the following options:

keep their SLB Euronext Shares, which they will be able to trade on Euronext Paris until the day before the delisting date and on the NYSE thereafter through the facilities of The Depositary Trust Company (“DTC”), subject to the terms applied by their financial intermediary and their custody arrangements; or
participate in a voluntary sales facility (described below) to sell all or part of their SLB Euronext Shares, in accordance with the rules and regulations of Euronext Paris.

For the avoidance of doubt, holders of SLB Euronext Shares will be able to trade on Euronext Paris until August 16, 2024 (the last trading date prior to the delisting).

Procedure of the Voluntary Sales Facility

Shareholders who wish to sell their SLB Euronext Shares utilizing the voluntary sales facility should request that their financial intermediaries deliver their SLB Euronext Shares to Uptevia, acting as centralizing agent, at any time from July 29, 2024, to August 12, 2024 (inclusive).

SLB Euronext Shares delivered to Uptevia will be sold on the NYSE as from August 15, 2024, at the market price prevailing at the time of sale.

Uptevia will calculate the average sales price of SLB Euronext Shares sold during the sales period and transfer the sale proceeds (which will be converted into euros from U.S. dollars by Uptevia) to the participating shareholders once it receives the funds.

The company will pay the fees for the centralization and the brokerage fee related to the sale of SLB Euronext Shares delivered to Uptevia as part of the voluntary sales facility.

This voluntary sales facility procedure is also described in a Euronext notice to be published on July 25, 2024.

Please note that no guarantee can be given by the company or by Uptevia as to the price at which the SLB Euronext Shares tendered pursuant to the voluntary sales facility will actually be sold. This process is being provided solely as an accommodation to holders of SLB Euronext Shares.

Shareholders may decide not to participate in the voluntary sales facility or may decide not to take any action, in which case no guarantee can be given to them on the terms that will be applied by their financial intermediary after the delisting. Shareholders are urged to consult their own investment advisors before making a decision to participate or not in this process.

The calendar of the voluntary sales facility and the delisting of the company described above is summarized as follows (it being specified that the company reserves the right to amend this calendar):

Event

Date

Voluntary Sales Facility

Beginning of the voluntary sales facility

July 29, 2024

End of the voluntary sales facility

August 12, 2024

End of the centralization by Uptevia

August 14, 2024 (before 4:00 PM Paris time)

Sale on the NYSE of the shares tendered in the voluntary sales facility

Beginning August 15, 2024

Settlement of the proceeds of the sale to the relevant financial institutions

As soon as possible after receipt of the proceeds of the sale

Delisting

Last day of trading of the company’s shares on Euronext Paris

August 16, 2024

Delisting of SLB Euronext Shares on Euronext Paris

August 19, 2024

Shareholders participating in the voluntary sales facility are reminded that they acknowledge and accept the risks related to the change in the share market price and/or applicable foreign exchange rates between the date on which their shares are delivered to Uptevia for participation in the voluntary sales facility and the receipt of the applicable average sale proceeds. All tenders of SLB Euronext Shares under the voluntary sales facility will be irrevocable.

Shareholders who would like additional information about the voluntary sales facility or the delisting procedure may contact their custodian and usual financial intermediary, who has received the details of the delisting or the company by email at investor-relations@slb.com.

CORRECTING and REPLACING Xsolla Expands Support in the Greater China Region

July 25, 2024,Beijing, China : The headline and sub headline of the release dated July 22, 2024 have been updated. In addition, please replace the graphic with the accompanying corrected graphic.

XSOLLA EXPANDS SUPPORT IN THE GREATER CHINA REGION

Opens New Office to Strengthen China’s Position in the Global Gaming Market

Xsolla, a global video game commerce company known for its extensive suite of tools and services specifically designed for the game industry, is thrilled to announce the grand opening of the Xsolla Greater China Region office. The opening event will occur on Monday, July 22, 2024, at D-06 Parkview Green Fangcaodi, Chaoyang District, signifying a renewed commitment to enhancing and growing the video game industry in China and worldwide.

The expansion of the Xsolla Beijing office embodies a vision to serve as a humble partner and provide access to the tools and services for everyone in the gaming community, assisting companies with ambitions to navigate and reach emerging markets swiftly. This expansion is not just a physical establishment; it is the center of China’s technology and gaming community.

Under the theme “Equal Access for Everyone,” the opening ceremony is expected to gather industry leaders, esteemed partners, and media representatives to witness the unveiling of a new chapter that promises to bring forth opportunities, foster talent, and encourage the creation of groundbreaking gaming experiences. The event will feature various performances and interactive sessions designed to encapsulate the spirit of exploration and the limitless potential of the gaming industry.

A highlight of the ceremony will be introducing specialized programs and partnerships to bolster the growth of the gaming ecosystem in China, which is extended by geographical borders. These initiatives include strategic collaborations with key platforms and creators to provide comprehensive marketing support, enhance game development, and optimize monetization strategies, laying the groundwork for Chinese games to thrive globally.

Jingbo Chen, Head of the Greater China Region, will share insights on Xsolla’s strategic goals and visions for the market. “The opening of our office in Beijing marks a pivotal step in Xsolla’s journey to facilitate the global expansion of games created and developed in China. Our commitment is to be the cornerstone for developers and publishers, offering them a gateway to explore and excel in international markets,” stated Jingbo.

Berkley Egenes, Chief Marketing Officer and Chief Growth Officer of Xsolla, added, “The establishment of our Beijing office is a testament to our belief in the potential of local game developers and their creations on the global stage. By fostering closer collaborations and providing direct support, we are excited to play a part in showcasing China’s gaming innovation to the world. This initiative underscores our dedication to empowering the gaming community, ensuring our partners have the tools and resources to succeed in an increasingly competitive market.”

Stay tuned for more updates, and follow Xsolla on WeChat to stay updated on the Greater China Region’s endeavors and upcoming projects. Follow and get involved in the discussion at: