Month: March 2023

Posted on

eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022

Aligning the interests of agents and brokers with the company they own is key to eXp Realty’s long-term growth strategy

Revenue Share and Equity Benefits
REVEQSHARE-PR1200x630bl1 (1)

eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022

BELLINGHAM, Wash., March 03, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today released its 2022 revenue share and agent equity payout figures, demonstrating how its competitive compensation model underpins continued agent growth.

Revenue Share and Equity Paid to Agents and Brokers Continues To Increase Year-over-Year

  • Revenue share to agents increased 20% to $202 million in 2022.
  • eXp Realty distributed more profit/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform.
  • As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.

“When eXp Realty was founded, we set out to build the most agent-centric brokerage that solved the biggest pain point in real estate for agents,” said Glenn Sanford, Founder and CEO of eXp Realty. “Historically, agents were generally not offered meaningful ownership in the brokerages they were part of and the profit/revenue sharing models didn’t provide a viable path to potential retirement for the vast majority of agents.

“With this in mind, an important part of building eXp was designing a truly aligned compensation model that rewards agents for their production and contribution to the company’s growth. As we have disclosed in our fourth quarter and full-year 2022 results, our model and core business has proven to be sustainable in both good and bad markets. More importantly, it proves that we are delivering on the promise we made to agents when eXp was founded in 2009. By building the most agent-centric real estate brokerage on the planet, we continue to grow, improving the lives of agents around the world.

All that being said, since becoming a public company in 2013, EXPI’s stock has outperformed all other publicly traded real estate brokerages, franchisors and brokerage/franchisor conglomerates. We also enjoy the highest market cap among all publicly traded residential real estate brokerage platforms, showing once again that focusing on the agent experience isn’t just good for the agent, but it has also been good for long-term shareholders.”

Revenue Share and Equity Benefits Detail
REVEQSHARE-PR1200x630wt1 (1)

Revenue share to agents increased 20% to $202 million in 2022. eXp Realty distributed more profit/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform. As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 87,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base and expansion of our residential real estate brokerage business into foreign markets. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
Jennifer Zimmerman
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/e0d795ac-5bdd-4f9c-af3d-3f470035652e

https://www.globenewswire.com/NewsRoom/AttachmentNg/15708f42-8fb1-46df-b714-aebb17bf171a

GlobeNewswire Distribution ID 8781588

Posted on

DPP’s Tsai Pei-hui narrowly wins Nantou legislative by-election

Democratic Progressive Party (DPP) candidate Tsai Pei-hui (???) on Saturday defeated the Kuomintang’s (KMT) Lin Ming-chen (???) in a legislative by-election in Nantou County, widely considered a much-needed boost for the ruling party.

With all ballots cast counted at 5:41 p.m., Tsai received 45,218 votes and Lin 43,293, a razor-thin difference of 1,925 votes, according to the Central Election Commission (CEC).

Voter turnout for the election was about 46.35 percent, according to the CEC.

Saturday’s election ended the KMT’s winning streak in the past three elections, including the nationwide local elections on Nov. 26, the delayed Chiayi mayoral election on Dec. 18, and the legislative by-election in Taipei on Jan. 8.

It also marked the DPP’s first win of a legislative seat in the traditional KMT stronghold of Nantou County since Taiwan’s legislative elections were first held under a single-seat district system in 2008.

Since becoming DPP chairperson in January, Lai Ching-te (???), who is the republic of China (Taiwan) Vice President, has led an all-out effort by the party to win the election, dispatching his close aids at party headquarters in Taipei to run the campaign.

During the race, the DPP took aim at the lack of waste disposal solutions in Nantou, such as incineration or other facilities, that has left the county’s landfills piled up with 200,000 tons of garbage, a longstanding issue unaddressed during Lin’s eight-year tenure as magistrate.

Lin also came under fierce attack from the DPP for corruption allegations surrounding his team and for creating an illegal “special assistant” position for his son Lin Ru-bin (???) in order to groom the younger Lin for politics when he was county magistrate.

Lin is a veteran politician in the county. He started his political career in 1994 as head of Jiji Township and worked his way up to become a two-term legislator before being elected county magistrate in 2014 and won reelection in 2018.

The 72-year-old originally planned to retire from politics after serving the maximum two-term as a magistrate in December and intended to have Lin Ru-bin run in the by-election.

However, the KMT decided in January to nominate the senior Lin after its polls showed that he was the only candidate with a good chance at beating the DPP’s Tsai.

The 51-year-old Tsai is an activist-turned-politician. Before serving as a DPP-nominated at-large legislator from 2016-2020, she was an associate professor of sociology and a co-founder of Taiwan Rural Front, a civil group focusing on challenges faced by villages in rural areas.

She lost to Ma Wen-chun (???) of the KMT in the 2020 legislative election in Nantou by 7.14 percent, the best ever performance for a DPP candidate in the district.

In the election for Nantou county magistrate on Nov. 26, Tsai received 117,993 votes and the KMT’s Hsu Shu-hua (???) 154,256.

The seat, which represents the second constituency in Nantou, was left vacant by Hsu. Tsai will hold the seat until the election for a new Legislature slated for January 2024.

In the four-way Nantou race, two fringe candidates Lu Yu-chun (???) and Chen Tsung-chien (???) received 421 and 2,528 votes respectively.

Source: Focus Taiwan News Channel

Posted on

NTU holds annual job fair, with TSMC planning over 6,000 new hires

About 310 companies attended the National Taiwan University (NTU) annual job fair on Saturday, with jobseekers hoping to land positions at some of the nation’s top firms, including Taiwan Semiconductor Manufacturing Co. (TSMC), which is looking to hire over 6,000 new people this year.

Due to expanding business and technology development needs, the world’s largest contract chipmaker said it is looking to recruit additional engineers and production technicians to work at its bases in Taoyuan, Hsinchu, Taichung, Tainan and Kaohsiung.

TSMC said it seeks talent in a range of disciplines, including electronics, electrical engineering, optoelectronics, physics, materials, chemistry, information engineering, information management, industrial management, financial management and human resources.

Chuang Hsiu-hua (???), who heads the company’s talent development and recruitment office, said people in information-related fields are also welcome as software, DevOps, site reliability engineering (SRE), artificial intelligence (AI), machine learning (ML), and infrastructure engineers.

In recent years, TSMC has actively promoted digital transformation while strengthening AI and big data to develop a new generation of smart fabs, Chuang said.

New recruits with a master’s degree in engineering can expect to earn up to NT$2 million (US$65,544) per year on average, she said, adding that the company also welcomes applicants with a high-school diploma or associate degree as production technicians.

TSMC is committed to creating a diverse and inclusive workplace, and strongly encourages women to start a career in the semiconductor industry, Chuang said.

Meanwhile, semiconductor equipment supplier ASML Holding NV, which employed about 4,500 people in Taiwan at the end of 2022, expects to hire another 500-600 this year.

Employees are guaranteed 14-months salary, ASML said, adding that with the sales bonus averaging about six months last year, each person received about 20 months of pay last year.

Delta Electronics Inc., a power management solution provider, said it plans to hire 2,500 new recruits in 2023, up 300 from last year, as it continues to expand its business globally.

The NTU job fair on Saturday featured over 400 booths and companies from such wide-ranging sectors as manufacturing, services, finance and transportation.

China Airlines (CAL), the nation’s carrier, said it plans to hire 120 additional pilots this year and will organize recruitment activities in colleges and science parks in northern, central and southern Taiwan until April.

German-based tech giant Merck Group, which announced in 2021 a NT$17 billion (US$557 million) investment in Taiwan over the next five to seven years to tap into the booming global semiconductor industry, also participated in the NTU job fair.

The company, which currently employs about 1,000 people in Taiwan, said it plans to hire 20 additional staff in the immediate future and another 100 experienced workers at a later date.

The Vision 2023 job fair was held at the NTU campus from 9 a.m. to 4:30 p.m. Saturday, according to information on the school’s website.

Source: Focus Taiwan News Channel

Posted on

3 investigated in Nantou for allegedly breaking election rules

Nantou County police said Saturday three people are being investigated for apparently installing pinhole cameras outside a polling station in the county, where a legislative by-election was held on Saturday.

According to Nantou County Election Commission, the three people, who claimed to be members of a vote-watch alliance, showed up around noon and removed the cameras at polling station No. 38, according to the country election commission.

Similar recordings by the alliance were also reported at station No. 37, it said.

The commission said the three individuals were initially asked to leave, but later returned and kept recording inside the 30 meter exclusion zone around the polling station, which could constitute a violation of the Civil Servants Election And Recall Act.

Under the act, people who interrupt voting or try to affect voters’ decisions within the 30-meter zone can be sentenced to up to one year in jail or fined a maximum of NT$15,000 (US$488).

The police said they later intervened and took the three people and their recording equipment into custody.

However, one of the individuals told media that he is not affiliated with either candidate and the recording was made to ensure the election was conducted fairly.

He also noted that this is the first time he has been detained despite recording elections for three years.

There were also multiple similar violations reported on Saturday, with voters complaining about being recorded via cellphones or documented by people of unknown identity, the commission said.

The election is seen by political observers as a close battle between the Kuomintang’s (KMT’s) Lin Ming-chen (???), 72, who completed two terms as county magistrate in December, and Tsai Pei-hui (???), 51, who was the losing Democratic Progressive Party (DPP) candidate in the county’s magistrate election on Nov. 26 last year.

Tsai defeated Lin by a razor-thin difference of 1,925 votes in Saturday’s election.

Both Lin and Tsai condemned attempts to affect balloting, asking the police to investigate the matter, while Lin also accused the DPP of being behind some of the reported incidents.

Source: Focus Taiwan News Channel

Posted on

Man charged with anti-infiltration offenses for accepting Chinese donations

A man who ran unsuccessfully for ward chief in New Taipei last year was indicted on Saturday for contravening the Anti-Infiltration Act and other laws for accepting COVID-19 antigen rapid testing kits from a Chinese government agency in Fujian Province which he distributed among constituents.

According to the indictment issued by the New Taipei District Prosecutors’ Office, the man, surnamed Lu (?), is being prosecuted for infractions of the Civil Servants Election and Recall Act, Medical Devices Act, and Anti-Infiltration Act after having accepted donations from an “infiltration source,” imported medical equipment without permission, and used it to bribe constituents.

Last year, Lu contacted the Pingtan Comprehensive Experimental Zone’s Taiwan Affairs Office to request COVID-19 antigen rapid testing kits to distribute to voters in Shoude Ward in New Taipei’s Zhonghe District and RMB$50,000 (US$7,238.2) to fund his election campaign ahead of Taiwan’s nine-in-one local elections on Nov. 26, 2022, according to the indictment.

Lu had held a management role in which he oversaw community development of Pingtan’s Dongmei Village since 2016. Pingtan is a group of Chinese islands off the coast of Fujian Province.

Lu secured 2,000 antigen rapid testing kits, which came in 20 cartons, manufactured by the Chinese state-run Xiamen Biotime Biotechnology Co., the indictment said.

The kits were worth NT$72,000, which were given to Lu for free, the indictment stated.

Correspondence records between Lu and the office showed that Lu used such rhetoric as “one country, two systems,” “the two sides of the (Taiwan) Strait are of the same origin,” and “do Taiwanese a favor,” in requesting the kits, the indictment stated.

After Lu obtained the kits, he posted notices at residential complexes inviting residents to claim the kits by registering their household registration data with the heads of the complexes’ management committees.

The deal was called off after some residents filed a complaint with the police.

After Taiwan’s local elections on Nov. 26, prosecutors searched Lu’s residence on Dec. 7 and secured evidence of Lu’s alleged offenses.

Lu was released after posting bail of NT$100,000, after he confessed to having accepted rapid antigen testing kits supplied by an external “hostile force” for his election campaign.

He also confirmed that he worked as an “executive director” in Dongmei Village and received two year’s salary for the job.

Source: Focus Taiwan News Channel

Posted on

1,700 passengers delayed at Taoyuan airport due to drone activity

About 1,700 passengers on 14 flights at Taoyuan International Airport faced delays Saturday afternoon after an unauthorized drone was spotted near a runway, according to the airport operator.

All flights in and out the airport, the country’s main gateway, were halted for 23 minutes after aviation police detected the aircraft near south runway 05R at 3:42 p.m., said Taoyuan International Airport Corporation.

Air traffic returned to normal at 4:05 p.m. after the airspace was cleared, the company said, warning that such unauthorized drone operation is subject to a fine of NT$300,000-NT$1.5 million (US$9,700-US$48,800) and constitute a violation of the Civil Aviation Act.

Members of the pubic are encouraged to report similar sightings to the airport by calling (03)273-2043, the company said.

On Aug. 18, 2022, unauthorized drone activity at the airport led to a 30-minute suspension affecting nine flights and about 1,200 passengers, it said.

Source: Focus Taiwan News Channel

Posted on

Copenhagen Infrastructure Partners enters long-term partnership in India to develop 1.8GW of renewable energy projects

Copenhagen Infrastructure Partners (CIP), on behalf of its New Markets Fund I (CI NMF I), today announced a partnership with Indian developer Viviid Renewables to develop more than 1.8GW of greenfield renewable energy projects in India.

COPENHAGEN, Denmark, March 03, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners has entered into a framework agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) with Viviid Renewables Private Limited, an Indian developer and BOP contractor, to develop more than 1.8GW of renewable energy projects in India with a primary focus on onshore wind projects.

The partnership will initially focus on the development of two onshore wind projects with a combined capacity exceeding 500MW, with additional projects expected to be developed and constructed through successor CI NMF funds. Viviid will contribute projects from its extensive development pipeline to the partnership, as well as deliver key development activities up to Final Investment Decision as well as providing design, engineering, procurement, and construction services. CIP will lead offtake sourcing, general procurement activities and the financing process while leveraging Viviid’s local experience.

Peter Sjøntoft, Associate Partner in CIP, commented: “This is the second CI NMF I partnership in the Indian renewable energy market, reflecting India’s continuing importance as a key focus area for the fund. With this partnership we are significantly strengthening our foothold in India and are delighted to partner with Viviid and look forward to working alongside their highly experienced team, combining our joint expertise to assist the green transition in the country.”

Siddharth Mehra, founder of Viviid, commented: “We are very excited to be partnering with CIP to accelerate delivery of our project pipeline over the coming years. Through this long-term partnership, we aim to further strengthen our contribution to India’s ambitious target of installing 500GW of generation capacity from renewable sources by 2030.”

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date (March 2023) raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors. CIP has approximately 400 employees and 11 offices around the world. For more information, visit www.cip.com

About Viviid Renewables
Viviid Renewables Private Limited, is one of the leading renewable energy developers in India with an established track record and with many large projects under construction with leading IPPs. Viviid provides end-to-end development and BOP services for wind and solar projects across India. For more information, visit http://www.viviidrenewables.com/

For further information, please contact:
Copenhagen Infrastructure Partners 
Simon Mehl Augustesen, Chief Communication Officer
Phone: +45 3052 6721
Email: siau@cip.dk 

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.dk

GlobeNewswire Distribution ID 1000795981

Posted on

Civil society groups launch Global Charter for Fisheries Transparency at 2023 Our Ocean conference

The launch of the Charter by the Coalition for Fisheries Transparency lays out a new roadmap to advance marine governance around the world.

PANAMA CITY, Panama, March 02, 2023 (GLOBE NEWSWIRE) — The Coalition for Fisheries Transparency – a new international community of civil society organizations – today launched the Global Charter for Fisheries Transparency. The Charter pinpoints the most essential policy priorities needed to combat fisheries mismanagement, illegal fishing, and human rights abuses at sea. Experts, ministers, and delegates from international organizations and companies around the world discussed the benefits of the Global Charter for Fisheries Transparency at Our Ocean conference in Panama this Thursday and Friday – an annual meeting for countries, civil society and industry to announce significant actions to safeguard the world’s oceans.

“Ghana recognizes the critical role that transparency plays in the fight against illegal fishing to protect livelihoods and provide food security to our coastal communities,” said Hon. Mavis Hawa Koomson, Ghana’s Minister of Fisheries and Aquaculture Development. “With the significant progress Ghana has made in the last year on ending harmful fishing practices that have encouraged illegal fishing in our waters, we are now working towards making greater efforts towards sustaining fisheries transparency in Ghana.”

Prof. Maxine Burkett, Deputy Assistant Secretary for Oceans, Fisheries and Polar Affairs at the U.S. Department of State, highlighted how the U.S. plays a leading role in increasing transparency in global fisheries.

“Last year, President Biden released a National Security Memorandum that recognizes the importance of transparency for combating illegal, unreported, and unregulated (IUU) fishing and associated forced labor abuses,” she said. “By enhancing productive information-sharing, the Global Charter for Fisheries Transparency will serve as an important complement to the U.S. government’s activities to end IUU fishing through improving fisheries and ocean governance, increasing enforcement efforts, and raising ambition to end IUU fishing globally.”

Additionally, global partnership initiatives, like the Fisheries Transparency Initiative (FiTI), emphasized the importance of equal, multi-stakeholder collaboration to increase transparency in coastal countries for achieving sustainably managed marine fisheries.

“Given the complexity of fisheries governance, multiple transparency efforts are needed to address the various challenges of unsustainable marine fisheries, such as overfishing, IUU fishing, unequal access to fisheries resources, and unfair benefit sharing,” said Dr. Valeria Merino, Chair of the International Board of the Fisheries Transparency Initiative (FiTI). “The 10 principles of the Global Charter for Fisheries Transparency recognize the need for a comprehensive and coordinated approach to fisheries transparency, and has the potential to support existing global endeavors, such as the FiTI, through a much-needed mobilization of civil society organizations to ensure that marine fishing activities are legal, ethical, and sustainable.”

Finally, the role of the civil society to maximize collective impact to improve transparency has been underlined by Mr. Wakao Hanaoka, Chief Executive Officer of Seafood Legacy (Japan), and a steering committee member of the Coalition for Fisheries Transparency. “Our membership in the Coalition for Fisheries Transparency represents a voice of an international community that allows us to strengthen and amplify our efforts amongst the seafood industry and government towards achieving our goal of making Japan a global leader in environmental sustainability and social responsibility,” he explained.

The Global Charter for Fisheries Transparency lays out a new roadmap to advance marine governance internationally, by providing a set of advocacy principles that are both effective and achievable by all stakeholders involved in fisheries governance and management.

“Continuous advocacy efforts by civil society organizations are critical to improving fisheries governance internationally as well as protecting the ocean and the people who depend on its resources,” commented Maisie Pigeon, Director of the Coalition for Fisheries Transparency. “The Coalition’s mission to deliver an urgent shift towards greater transparency in fisheries will be achieved through supporting our members in developing joint strategies, harmonizing and strengthening efforts, and finally – closing transparency policy gaps in fisheries governance,” she concluded.

Through civil society organizations from around the world, the Coalition for Fisheries Transparency calls on governments to apply the Charter’s principles in legislation and practice.

Press contact: Agata Mrowiec agata@fisheriestransparency.net +34 608 517 552

GlobeNewswire Distribution ID 8780726

Posted on

Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2023 Financial Results; Host Conference Call April 6, 2023

VICTOR, N.Y., March 02, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2023, on Thursday, April 6, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, April 6, 2023.

The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13736556, beginning at 10:20 a.m. EDT. A live, listen-only webcast of the conference call will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section. When the call begins, financial information discussed on the conference call, and a reconciliation of reported GAAP financial measures with comparable or non-GAAP financial measures, will also be available on the company’s investor relations website under the Financial History section. For anyone unable to participate in the conference call, a replay will be available on the company’s investor relations website.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com		 Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

A downloadable PDF copy of this news release can be found here. http://ml.globenewswire.com/Resource/Download/aae87911-3ca8-4427-a51a-37de20cf9b57

GlobeNewswire Distribution ID 8780615

Posted on

Iveco Group publishes its 2022 Annual Report and calls the Annual General Meeting

Turin, 2nd March 2023. Iveco Group N.V. (MI: IVG) announced that it filed today its 2022 Annual Report with the Netherlands Authority for the Financial Markets (AFM) in European Single Electronic Format (ESEF). The document is available in the Investors section of the Iveco Group corporate website at www.ivecogroup.com.

Iveco Group’s Annual Report for the year ended 31st December 2022 will be on the agenda of the Annual General Meeting of its Shareholders (AGM), that will be held in Amsterdam on 14th April 2023 at 11:30 a.m. CEST. In addition, the agenda of the AGM includes the discussion of the Company’s dividend policy, the remuneration report (advisory voting only), the granting of discharge to the members of the Board, the re-appointment of the Executive and Non-Executive Directors, the authorization to the Board to acquire Common Shares in the Company.

The Notice of the AGM, the Agenda and the relevant Explanatory Notes, the instructions for voting, and other AGM materials were also published today and are available on the Company’s website at www.ivecogroup.com, where they can be viewed and downloaded.

Iveco Group N.V. (MI: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

Media Contacts:
Francesco Polsinelli, Mob: +39 335 1776091
Fabio Lepore, Mob: +39 335 7469007
E-mail: mediarelations@ivecogroup.com

Investor Relations:
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com

Attachment

GlobeNewswire Distribution ID 1000795936

Proudly powered by WordPress