The Belvedere Museum in Vienna Sells NFTs of The Kiss by Gustav Klimt for Valentine’s Day

– Picture is available at AP Images (http://www.apimages.com) –

VIENNA, Jan. 26, 2022 /PRNewswire/ — In collaboration with NFT investment fund artèQ, the Belvedere museum is launching an NFT drop of a historical masterpiece. Just in time for Valentine’s Day, the most famous depiction of a pair of lovers will be offered for sale in a limited number of digital excerpts.

Gustav Klimt’s The Kiss (Lovers) – one of the world’s most famous works of art and the centerpiece of the Belvedere’s collection – will be specially implemented as an NFT project. A high-resolution digital copy will be divided into a 100 x 100 grid, resulting in 10,000 inimitable individual pieces that will be offered as non-fungible tokens, or NFTs.

The buying process begins with a “whitelisting” phase on 26 January, 00.00 am Central European Time, when interested parties can register to purchase on the thekiss.art platform. On February 9, buyers will receive authorization to purchase minted NFTs of a piece of the digital Kiss. Minting is an imprinting process through which digital art becomes part of the blockchain – this guarantees that each NFT is unalterable and forgery-proof. From February 9, buyers can complete the transaction. The 10,000 segments of the work will be allocated at random. If the sale is oversubscribed, allocation of the 10,000 NFTs will be decided by lottery. The drop, or official release of the NFTs, will take place on Valentine’s Day, February 14.

Buyers can also register as owners of their piece on the platform thekiss.art, where the picture can be viewed in its entirety. This entry can also serve as a declaration of love – just in time for Valentine’s Day.

The press kit is available here for download.

For more information please contact: presse@belvedere.at

Contact
Belvedere Press
T +43 (01) 795 57-177
M presse@belvedere.at
www.belvedere.at

CS Global Partners: How a Small Caribbean Island is Poised for Big Economic Growth in 2022

LONDON, Jan. 26, 2022 (GLOBE NEWSWIRE) — The Federation of St Kitts and Nevis has been crowned as the highest-ranking Caribbean nation in a new report that investigates the value of citizenship through the lens of the global citizen.

The World Citizenship Report (WCR) was conducted by CS Global Partners, a leading government advisory and marketing firm. The WCR highlights the World Citizenship Index (WCI), an innovative tool that compares world citizenships from the perspective of a global citizen. The index’s methodology assessed 187 jurisdictions across five key motivators defining citizenship for the global citizen.

It also took into account interviews from over 500 self-proclaimed global citizens. The WCR ranked the dual island nation the highest of all the Caribbean Citizenship by Investment (CBI) nations in the region, with a score of 48 points in the overall ranking. It also performed well in the Safety and Security, Quality of Life and Global Mobility motivators.

According to the report, St Kitts and Nevis “boasts a stable government and robust economy. The nation has been attracting economic citizens since 1984, making it one of the most trusted and successful programmes of its kind. The St Kitts and Nevis CBI Programme has allowed investors and their families to legally obtain citizenship of one of the most idyllic locations of the region.”

The nation has a bright future filled with new opportunities, including a positive outlook for 2022, as it works towards building its own sustainable nation in which all citizens will benefit.

Positive Economic Outlook for 2022

According to the International Monetary Fund (IMF)’s prediction for 2022, this will be a year of steady economic growth for St Kitts and Nevis. The IMF also noted that the nation’s CBI funds contributed to reducing public debt well below the regional debt. In the past 7 years, the Team Unity Government has reduced the country’s debt from 186 percent of Gross Domestic Product (GDP) in 2021 to 40.6 percent in 2020.

Furthermore, in a Virtual Protocolary Meeting of the Permanent Council of the Organization of American States (OAS) earlier this month, the country performed well on a number of economic performance scorecards.

“The World Bank data for 2019 for example, shows that, setting aside the United States of America and Canada which are not in our peer group, St Kitts and Nevis ranked third among the remaining 32 OAS sovereign states in per capita GDP. Only the Bahamas and Panama were higher,” said Prime Minister Timothy Harris, who is also the Federal Minister of Finance.

A Bright Future for St Kitts and Nevis

In a recent national address, Prime Minister Harris called on the private sector for support in order to deliver an even stronger economic growth scorecard.

“We need all of us working together as partners, and I am confident that we shall deliver more working together. We have always been resilient and innovative people. It is that innovation and resilience we must continue to employ in the face of the current challenges. It is what we need to find niches and opportunities for our continued advancement, despite living with COVID-19,” he said.

2022 will see an increase in strategic and direct investment in citizens, infrastructural development, and institutional strengthening in order to propel the nation towards achieving its development goals. These important projects are substantially funded by the nation’s CBI Programme.

The Platinum Standard Citizenship by Investment Programme

Established in 1984, St Kitts and Nevis’ Citizenship by Investment Programme is the longest-running in the world. With nearly four decades of experience, the Programme is one of the most coveted and has become known as the ‘Platinum Standard’ brand in the industry.

The Programme empowers wealthy foreign investors and their families to acquire second citizenship once contributing to the Sustainable Growth Fund (SGF). The fund is hailed as the most straightforward route to a second citizenship. Investments made to the SGF are channelled into important development projects on the islands, from education to healthcare to tourism.

Once undertaking the diligent multi-tiered vetting process, successful applicants gain citizenship, which comes with a plethora of other benefits. These include global mobility, the right to live, work and study in the nation and lastly, the option to pass down citizenship for generations to come, securing one’s future legacy.

“The robust procedures that are embedded in the CBI programme have enabled us to maintain our Platinum brand and have ensured we take a significant share in the major markets around the world,” said Prime Minister Harris.

pr@csglobalpartners.com
www.csglobalpartners.com
+447824029952

ROSEN, A LEADING LAW FIRM, Encourages Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. Investors With Losses Over $100K to Secure Counsel Before Important March 4 Deadline in First Filed Securities Class Action Commenced by the Firm– MMAT, MMTLP, TRCH

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT, TRCH) (OTC: MMTLP) between September 21, 2020 and December 14, 2021, both dates inclusive (the “Class Period”), of the important March 4, 2022 lead plaintiff deadline in the securities class action first filed by the firm.

SO WHAT: If you purchased Meta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Meta class action, go to http://www.rosenlegal.com/cases-register-2224.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 4, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) the business combination of Torchlight Energy Resources, Inc. and Metamaterial Inc. would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products’ novelty and capabilities; (5) the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Meta class action, go to http://www.rosenlegal.com/cases-register-2224.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

ROSEN, TRUSTED AND TOP RANKED INVESTOR COUNSEL, Encourages Sleep Number Corporation Investors with Losses Over $100K to Secure Counsel Before Important February 14 Deadline in Securities Class Action – SNBR

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Sleep Number Corporation (NASDAQ: SNBR) between February 18, 2021 and July 20, 2021, inclusive (the “Class Period”), of the important February 14, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Sleep Number securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Sleep Number class action, go to http://www.rosenlegal.com/cases-register-2225.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri; (2) Sleep Number did not have in place the supply chain flexibility, redundancies, and fail-safes, as had been represented to investors, sufficient to offset the foam supply disruption caused by Winter Storm Uri; (3) because foam was a necessary component for Sleep Number’s production of its primary mattress products, Sleep Number’s ability to timely fulfill customer orders had been materially impaired; (4) thus, Sleep Number was unable to meet surging customer demand for Sleep Number’s products; and (5) as a result, Sleep Number had been forced to delay mattress shipments to end consumers, pushing millions of dollars’ worth of sales into subsequent quarters and negatively impacting Sleep Number’s financial results. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sleep Number class action, go to http://www.rosenlegal.com/cases-register-2225.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Redwire Corp. f/k/a Genesis Park Acquisition Corp. Investors With Losses Over $100K to Secure Counsel Before Important February 15 Deadline in Securities Class Action – RDW, RDW.WS, GNPK, GNPK.WS

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Redwire Corp. f/k/a Genesis Park Acquisition Corp. (NYSE: RDW, RDW.WS GNPK, GNPK.WS) between August 11, 2021 and November 14, 2021, inclusive (the “Class Period”) of the important February 15, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Redwire securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Redwire class action, go to http://www.rosenlegal.com/cases-register-2214.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 15, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there were accounting issues at one of Redwire’s subunits; (2) as a result, there were additional material weaknesses in Redwire’s internal control over financial reporting; and (3) as a result of the foregoing, defendants’ positive statements about Redwire’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Redwire class action, go to http://www.rosenlegal.com/cases-register-2214.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Discovery Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important March 8 Deadline in Securities Class Action – DISCA, DISCK

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Discovery, Inc. (NASDAQ: DISCA, DISCK) between March 22, 2021 and March 29, 2021, inclusive (the “Class Period”), of the important March 8, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Discovery securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Discovery class action, go to http://www.rosenlegal.com/cases-register-2239.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 8, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions.   Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Goldman Sachs Group Inc. and Morgan Stanley sold a large amount of Discovery shares during the Class Period while in possession of material non-public information about Archegos Capital Management (at the time a family office with $10 billion under management) and its need to fully liquidate its position in Discovery because of margin call pressure. As a result of these sales, the defendants in the case, Goldman Sachs and Morgan Stanley, avoided billions in losses combined.

To join the Discovery class action, go to http://www.rosenlegal.com/cases-register-2239.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Faraday Future Intelligent Electric, Inc. f/k/a Property Solutions Acquisition Corp. Investors With Losses Exceeding $100K to Secure Counsel Before Important February 22 Deadline in Securities Class Action – FFIE, FFIEW, PSAC, PSACW, PSACU

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Faraday Future Intelligent Electric, Inc. f/k/a Property Solutions Acquisition Corp. (NASDAQ: FFIE, FFIEW, PSAC, PSACW, PSACU) between January 28, 2021 and November 15, 2021, inclusive (the “Class Period”) of the important February 22, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Faraday Future securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Faraday Future class action, go to http://www.rosenlegal.com/cases-register-2206.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Faraday Future had assets in China frozen by courts; (2) a significant percentage of Faraday Future’s deposits for future deliveries were attributable to a single undisclosed affiliate; (3) Faraday Future’s cars were not as close to production as the Company claimed; (4) as a result of previously issued statements that were misleading and/or inaccurate, Faraday Future could not timely file its quarterly report; and (5) as a result of the foregoing, defendants’ positive statements about Faraday Future’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Faraday Future class action, go to http://www.rosenlegal.com/cases-register-2206.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

 

Material Information of United Bank Limited

Karachi, United Bank Limited informed Pakistan Stock Exchange that the State Bank of Pakistan has granted in principle approval to the Bank to commence the due diligence of Samba Bank Limited in respect of acquisition of 84.51% shareholdings of SBL, currently held by Saudi National Bank.

United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.

With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.

The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.

Change of Chief Executive Officer of Habib Sugar Mills Limited

Karachi, Habib Sugar Mills Limited informed Pakistan Stock Exchange that Mr. Khursheed Anwer Jamal has been appointed as Chief Executive Officer of the company with effect from January 31, 2022 in place of Mr. Raees Ul Hassan.

Habib Sugar Mills Limited is a public limited company incorporated in Pakistan. The Company is engaged in the manufacturing and marketing of refined sugar, ethanol, liquidities carbon dioxide (CO2), household textiles, providing bulk storage facilities and trading of commodities.

Established in 1962, the company produces 18,000 tonnes of liquified CO2. HSM also maintains bulk terminals at the port for commodity storage as well as for import and export purposes.

The total numbers of shares are 150,000,000. The Earnings per share is 4.63 in 2020 which was 8.02 in 2019.The Profit after Taxation is 694,295,000 in 2020 which was 1,202,276,000 in 2019.

Corporate Briefing Session of Faran Sugar Mills Limited

Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange that the corporate briefing session of the company will be held on January 27, 2022 through video link, to brief the analysts/shareholders/investors about the company’s financial performance and future outlook.

Faran Sugar Mills Limited was incorporated in Pakistan on November 03, 1981 as a public limited company. The principal business of the Company is the production and sale of white sugar. The total number of shares of the Company are 25,007,151. The Earnings per share is (6.85) in 2020 which was 15.21 in 2019. The Profit after Taxation of the Company is Rs. (171,317,000) in 2020 which was 380,445,000 in 2019.

Transaction of 417,500 shares of D.S. Industries Limited

Karachi, D.S. Industries Limited informed Pakistan Stock Exchange about transaction of shares of the company. 65,000 shares @ Rs. 7.71 per share were sold in the market on January 24, 2022 and 352,500 shares @ Rs. 6.76 per share were sold in the market on January 25, 2022 through CDC.

D.S. Industries Limited was incorporated in Pakistan as a Private Limited Company and was subsequently converted into a Public Limited Company. D.S. Industries Limited Company’s principal activity of the Company is manufacturing and selling of yarn. The Company is textile spinning mill with production capacity of 40,320 spindles.

The total numbers of shares are 83,685,631. The earnings per share is (0.40) in 2020 which was (0.97) in 2019. The Company had a loss of Rs. 33,483,000 in 2020 which was 81,531,000 in 2019.

Transaction of 288,400,288 shares of Bank Islami Pakistan Limited

Karachi, Bank Islami Pakistan Limited informed Pakistan Stock Exchange about transaction of shares of the company. 144,200,144 shares @ Rs. 13.18 per share were bought from the market on January 25, 2022 and 144,200,144 shares @ Rs. 13.18 per share were sold in the market on January 25, 2022 through CDC.

Bank Islami Pakistan Limited was incorporated in Pakistan on October 18, 2004 as a public limited company to carry out the business of an Islamic Commercial Bank in accordance with the principles of Islamic Shariah. The State Bank of Pakistan (SBP) granted a ‘Scheduled Islamic Commercial Bank’ license to the Bank on March 18, 2005. The Bank is principally engaged in corporate, commercial, consumer, retail banking and investment activities.

The total numbers of shares are 1,108,703,299. The Earnings per share is 1.54 in 2020 which was 1.06 in 2019. The Profit after Taxation is 1,703,135,000 in 2020 which was 1,087,388,000 in 2019.