Toast Selects FreedomPay as its Preferred Payments Partner for Global Enterprise Merchants

Toast will now enable enterprise merchants to combine FreedomPay’s best-in-class global Commerce Platform with its leading restaurant digital platform

Philadelphia, Pennsylvania, June 12, 2023 (GLOBE NEWSWIRE) — FreedomPay, the world’s leading independent commerce platform and Toast, the all-in-one digital platform built for the entire restaurant community, signed a partnership agreement making FreedomPay Toast’s preferred payments gateway partner for select enterprise brands.

Toast will be able to offer its cloud-based digital platform for restaurants to leading enterprise merchants in the U.S. and Canada who are on the award-winning FreedomPay Commerce Platform.

Kelly Esten, Senior Vice President and General Manager, Enterprise at Toast stated: “As the restaurant industry rapidly adapts to new service models, Toast continues to deliver the industry’s trusted digital platform to help restaurants of all sizes and types—including franchisees—drive profitability, create the streamlined dining experiences guests expect, and make managing food service operations across properties easier than ever. We look forward to partnering with FreedomPay as we drive our enterprise expansion.”

FreedomPay Senior Vice President, Sales & Digital Development Nate Ware added: “This exciting collaboration between FreedomPay and Toast delivers advanced capabilities to large merchants. We are quite simply ‘unleashing the power of pay’ to thousands more businesses to help support Toast’s growth across enterprise level merchant solutions.”

FreedomPay is one of the world’s fastest growing Fintechs, innovating and transforming commerce to Next Level™ payment solutions. FreedomPay is aggressively expanding in new markets including the Middle East, South America, Africa and APAC. FreedomPay has recently been named one of the Fastest Growing FinTechs to Watch in 2022 and is a finalist for the Best Payment System in the PayTech Awards, London 2023.

FreedomPay and Toast will be exhibiting together at HITEC in Toronto, June 26-29. Visit booth 516/518 to learn more.

About FreedomPay
FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale.

Jennifer Tayebi
Hill+Knowlton Strategies for FreedomPay
+1 734 395 0780

GlobeNewswire Distribution ID 8856540

Dominica Ranks as Safest Country in the Caribbean in 2023 World Citizenship Report: CS Global Partners

London, June 12, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica has been crowned as the safest place in the Caribbean in the second annual World Citizenship Report published by the world’s leading government advisory and marketing firm, CS Global Partners.

Using data from the World Citizenship Index (WCI), the World Citizenship Report’s data-driven tool which measures 188 countries across five motivators most relevant to the mass affluent, the Nature Isle topped the Safety and Security pillar in the region with a score of 76.9, bringing it to the 38th safest place in the international arena.

In the Caribbean, Grenada (46), St Kitts and Nevis (48), Saint Lucia (50) and Antigua and Barbuda (52) followed Dominica’s safety and security rank of 38. Iceland (1), New Zealand (2) and Switzerland (3) kept their top rankings globally for the second year in a row, while economic giants like the US (65) and China (111) trailed much further behind Dominica.

Dominica continues to place emphasis on physical safety, rule of law, and political stability and ranks high in categories like voice and accountability, where citizens feel empowered to hold leaders accountable to their demands and needs.

The post-pandemic return to ‘normal’ has been marred by generational inflation, broader macroeconomic volatility as well as the geopolitical instability stemming from the crisis in Ukraine – which has threatened to upend the ‘Long Peace’ enjoyed since the end of WWII.

The resultant supply chain, energy, and political pressures have pushed the global economy closer to a recession and are forcing governments to enact monetary and fiscal policy changes that are pressurising households the world over. Perhaps more importantly, the upheaval of the last two years that has engendered both restrictions on local and international movement and increased economic headwinds have compelled the world’s citizens to reappraise their relationship with their own governments with respect to freedom, safety, and opportunity.

The mass affluent and high-net-worth individuals (HNWIs) are looking for alternative destinations as a bolt-hole for future crises in countries that offer the freedoms that are lacking in their home nations.

With many parts of the world also experiencing an uptick in violent crime due to ineffective policies and rising inequality, smaller jurisdictions in particular are increasingly prioritising efforts to ensure the rule of law for all as part of efforts to boost tourism and attract digital nomads. In the Caribbean for example, the United Nations Office on Drugs and Crime (UNODC) data shows that St Kitts and Nevis saw a 50 per cent reduction in its average crime statistics over the past five years resulting in it being ranked among the safest islands to visit in 2023 by well-known tourist guide “Travellers Worldwide”.

Caribbean nations that offer investment migration schemes such as Dominica, offer global citizens access to some of the best travel and economic markets in the world.

Dominica began welcoming foreign nationals to obtain citizenship in 1993. The island remains politically and economically stable, with a low crime rate and rich investment opportunities.

Chantal Mabanga
CS Global Partners
+44 (0) 207 318 4343

GlobeNewswire Distribution ID 8856088

LSE Ventures Limited (LSEVL) Announces Transfer of Undertaking and Business from l.SE Financial Services Limited (l.SEFSL) and Data Textiles Limited (DA’IM)

Karachi, LSE Ventures Limited (LSEVL) has shared important information regarding the transfer of the undertaking and business of l.SE Financial Services Limited (l.SEFSL) and Data Textiles Limited (DA'IM). The transfer has been approved as per the scheme and will now be vested in LVL.

Furthermore, LSEVL has revealed that the shares of CDC, NCCPL, and PACRA are currently undergoing the approval process from the Securities and Exchange Commission of Pakistan (SECP) for their transfer from LSEFSL to LSEVL. Once the approval is received from SECP, the shares of LSEVL will be credited in the Central Depository System (CDS) of shareholders of LSEFSL based on the approved SWAP ratio.

Investors and stakeholders are eagerly awaiting the completion of the approval process, as it will mark a significant milestone in the reorganization and consolidation efforts of LSEVL. The transfer of the undertaking and business, along with the subsequent share credit, will have a substantial impact on the overall structure and operations of the companies involved.

LSEVL remains committed to transparency and will continue to provide updates on the progress of these transfers and any further developments related to its ventures and business activities.

Mughal Iron and Steel Industries Limited Achieves CoD for Non-Ferrous Feedstock Processing Plant Project

Karachi, Mughal Iron and Steel Industries Limited is delighted to announce the successful achievement of the Commercial Operation Date (CoD) for its groundbreaking project focused on a feedstock processing plant for the non-ferrous segment.

After months of meticulous planning, dedicated efforts, and unwavering commitment, Mughal Iron and Steel Industries Limited has reached a significant milestone with the CoD of their non-ferrous feedstock processing plant project. This achievement marks a significant step forward for the company and reinforces their position as pioneers in the industry.

The newly established feedstock processing plant aims to cater to the growing demand for non-ferrous materials, providing high-quality inputs for various industries. Mughal Iron and Steel Industries Limited's relentless pursuit of excellence and innovation has led to the successful completion of the project, which is expected to greatly benefit the company and its stakeholders.

The non-ferrous feedstock processing plant is equipped with state-of-the-art technology and advanced machinery, ensuring efficient and precise processing of materials. With a strong focus on sustainability and environmental responsibility, Mughal Iron and Steel Industries Limited has implemented measures to minimize the plant's ecological footprint, making it an exemplary model for the industry.

The successful achievement of the CoD reflects the company's commitment to delivering projects on time and with exceptional quality. Mughal Iron and Steel Industries Limited aims to leverage this milestone to further expand its footprint in the non-ferrous segment, strengthen partnerships, and explore new avenues for growth.

As a responsible corporate citizen, Mughal Iron and Steel Industries Limited remains dedicated to adhering to the highest standards of corporate governance and ethics. The company strives to create value for its stakeholders while contributing to the socio-economic development of the communities it operates in.

With the CoD of the non-ferrous feedstock processing plant project, Mughal Iron and Steel Industries Limited has laid a strong foundation for future success and reaffirmed its position as an industry leader. The company is poised to seize new opportunities, drive innovation, and continue its remarkable growth trajectory in the steel industry.

Flying Cement Company Holds Emergent Board Meeting to Address Budgetary Impact

Karachi, In a recent emergent board meeting held on June 12, 2023, Flying Cement Company Limited's Board of Directors deliberated on the budgetary impact affecting the company's operations. The meeting aimed to assess the financial implications and strategize necessary measures to mitigate any adverse effects on the business. However, no material information has been identified that warrants immediate disclosure to the Exchange, in compliance with the regulations set forth by the PSX (Pakistan Stock Exchange).

Banklslami Ehad Sukuk Announces Book Closure for Profit Payment Determination

Karachi, In a recent announcement, Banklslami Ehad Sukuk has declared the closure of its transfer books to ascertain entitlement to profit payments as of June 30, 2023. The closure period will be in effect from June 29 to June 30, 2023, including both days. Transfer requests received by the end of business on June 28, 2023, in Karachi, will be considered timely for the purpose of determining entitlement for the aforementioned profit payments.

Pak Elektron Limited Holds Board Meeting; No Price Sensitive Information Announced

Karachi, In a recent board of directors meeting held by Pak Elektron Limited, the company has confirmed that no price sensitive information was disseminated during the session. The meeting, which took place on [date], was conducted to discuss important matters concerning the company's operations and future plans.

Pak Elektron Limited, a leading electrical equipment manufacturer, informed its stakeholders and the public that the meeting did not result in any announcements that could potentially impact the company's stock price or other market-sensitive information. The board of directors addressed various matters, including strategic initiatives, financial performance, and corporate governance, among others.

The meeting was attended by key executives and directors of Pak Elektron Limited, who deliberated on the company's progress and analyzed market trends to make informed decisions. Despite the absence of any price sensitive information, the board meeting served as an essential platform for open dialogue, ensuring effective corporate governance and transparency within the organization.

Ansari Sugar Mills Limited Faces Non-Compliance Charges of PSX Regulations Due to AGM Delay amidst Ongoing Legal Proceedings

Karachi, In a recent development, Ansari Sugar Mills Limited finds itself embroiled in controversy as it faces charges of non-compliance with PSX regulations. The company's failure to hold Annual General Meetings (AGMs) has raised concerns among stakeholders and regulatory authorities alike.

According to a communication received from Ansari Sugar Mills Limited, the company cites ongoing legal proceedings as the primary reason behind the delayed AGMs. On 23rd December 2021, the Senior Civil Judge in Karachi (South) reached a decision on two applications, Civil Suit # 579/2021 and 143/2020, rejecting the plaintiff's plea.

Prior to the court's decision, it had directed the parties involved to maintain status quo by virtue of a stay order. As a result, the company states that it has been adhering to the court's order, leading to the non-holding of AGMs. The company asserts that this non-compliance is neither intentional nor deliberate but a necessary step to comply with the honorable court's directives.

In response to these allegations of non-compliance, regulatory bodies are closely monitoring the situation. The Pakistan Stock Exchange (PSX) regulations, specifically Section 5.11.1.(c) and (d), emphasize the importance of timely AGMs and transparency in financial reporting. Any deviations from these regulations may result in penalties and legal consequences for the company.

Packages Limited Discloses Director’s Spouse’s Gift of Shares and Executive Director’s Share Acquisition

Karachi, Packages Limited has made a disclosure regarding recent transactions involving the Director CEO, an Executive, and their spouses as well as substantial shareholders. Here are the details of the transactions:

1. Mrs. Per Win Babar Ali, the spouse of Syed Babar Ali, who is an executive at the company, executed a gift transaction on June 8, 2023. She gifted out 305,303 shares of Packages Limited. The shares were transferred at a rate of 0.00 and were in CDC form. The market value of the shares at the time of the transaction is not available.

2. Syed Hyder Ali, an Executive Director at Packages Limited, engaged in a gift transaction on the same day, June 8, 2023. He received 305,303 shares of the company through this gift transaction. Similar to the previous transaction, the shares were transferred at a rate of 0.00 and were in CDC form. The market value of these shares is also not provided.

The disclosure of these transactions aims to promote transparency and fulfill the regulatory requirements pertaining to the disclosure of interest by key individuals and substantial shareholders. The company will continue to adhere to such practices to maintain a high level of corporate governance and ensure the fair treatment of all stakeholders.

Disclosure Reveals Director’s Spouse and Non-Executive Director Engage in Share Transactions

Karachi, In a recent disclosure, Tri-pack Films Limited has revealed that significant share transactions have taken place involving individuals associated with the company. The director's spouse and a non-executive director have both been involved in these transactions. The details of the transactions are as follows:

1. Mrs. Per Win Babar Ali, spouse of Syed Babar Ali, who serves as a non-executive director of the company, executed a gift out transaction on June 8, 2023. A total of 57,522 shares were transferred with a nominal rate of 0.00. The shares were in electronic form and were registered with the Central Depository Company (CDC). The market value of the shares at the time of the transaction is not available.

2. Syed Hyder Ali, a non-executive director of Tri-pack Films Limited, engaged in a gift in transaction on the same date, June 8, 2023. The transaction involved the acquisition of 57,522 shares with a nominal rate of 0.00. Similar to the previous transaction, the shares were in electronic form and registered with the Central Depository Company. The market value of the acquired shares is not disclosed.

The disclosure sheds light on the involvement of key individuals connected to Tri-pack Films Limited in share transactions. These transactions raise questions about the potential impact on the company's ownership structure and the motives behind these actions. The market response to these developments remains to be seen, as investors and stakeholders analyze the implications of these share transfers.

It is important to note that the disclosure of these transactions complies with regulatory requirements regarding the disclosure of interests by directors, CEOs, executives, their spouses, and substantial shareholders. Such transparency ensures transparency and accountability within the listed company and promotes investor confidence.

Board of Directors Meeting Concludes Without Price Sensitive Information Announcement

Karachi, In a recent Board of Directors meeting, no price sensitive information was announced, leaving investors and stakeholders eagerly awaiting updates on company developments.

Despite expectations of potential announcements regarding financial performance, strategic decisions, or significant market changes, the meeting concluded without any such information being disseminated. This outcome has left industry analysts and shareholders speculating about the reasons behind the lack of news.

The Board of Directors, comprised of key decision-makers and executives, convened to discuss various matters of importance to the organization. However, the nature of the meeting remained confidential, raising curiosity among those invested in the company's future.

Investors, traders, and market observers have been closely monitoring the proceedings, hoping for insights that may impact stock prices or influence investment decisions. With the absence of any price sensitive information, the market's response remains uncertain.

Industry experts suggest that the board might have focused on operational matters, corporate governance, or long-term strategic planning during the meeting. While these topics may not directly impact stock prices in the short term, they play a crucial role in shaping the company's direction and success.

NIT Pakistan Gateway Exchange Traded Fund Announces Closure of Share Transfer Book

Karachi, In a recent announcement, the NIT Pakistan Gateway Exchange Traded Fund (ETF) has revealed the closure of its Share Transfer Books on June 20, 2023. This closure will have important implications for unit holders of the fund.

According to the information provided, unit holders whose names are listed in the Register of the NIT Pakistan Gateway ETF by the end of business on June 19, 2023, will be eligible for any distribution that may occur. It is vital for unit holders to ensure that their names are correctly registered in the Fund's records before this deadline.

Moreover, the NIT Pakistan Gateway ETF has specified that transfers received by the close of business on June 15, 2023, will be considered in a timely manner for the purpose of determining entitlement to the transferees. This emphasizes the importance of initiating and completing any transfers prior to the specified deadline.

Additionally, the NIT Pakistan Gateway ETF has requested unit holders to promptly notify any changes in their addresses. If there have been any changes, unit holders are advised to inform the fund at its registered address, mentioned at the bottom of the letterhead, before the close of business on June 15, 2023.

The closure of the Share Transfer Book of the NIT Pakistan Gateway ETF marks an important milestone for unit holders. It is essential for them to review their registration details, complete any necessary transfers, and inform the fund of any address changes before the respective deadlines to ensure their entitlement to distributions and maintain accurate records.