Latest news with #Principal
Cision Canada
a day ago
- Business
- Cision Canada
PRINCIPAL TECHNOLOGIES ANNOUNCES PRIVATE PLACEMENT FINANCING
VANCOUVER, BC, July 28, 2025 /CNW/ - Principal Technologies Inc. (the " Company" or " Principal") (TSXV: PTEC) (FWB: JO7) is pleased to announce that, further to its news release dated April 28, 2025, regarding the financing of its Licence of Technology Agreement (the " Licence") with Oxford University Innovation Limited, the Company announces it has arranged to complete the second round of financing (" Second Round") ahead of schedule. The Second Round was originally contemplated to occur in October 2025 and to consist of the issuance of 1,248,000 common shares of the Company (" Common Shares") at a price of $0.50 per Common Share to raise proceeds of $624,000 (the " Proceeds"). The Company is now targeting to complete the Second Round by issuing an aggregate of 2,080,000 Common Shares within the next week at a price of $0.30 per Common Share (the " Issuance Price") to raise the Proceeds. The Issuance Price represents a 13% premium to market. The Second Round is fully allocated to a significant shareholder of the Company and no finder's fees are applicable. The proceeds of the Second Round are intended to be used to fulfill the research and development funding obligations of the Licence and for other general corporate purposes. The Common Shares to be issued in connection with the Second Round will be subject to the statutory hold period of four months from the date of issuance in accordance with applicable Canadian securities legislation. Completion of the Second Round is subject to the receipt of all requisite approvals, including the acceptance of the TSX Venture Exchange. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. Related Party Participation in the Offering A significant shareholder of the Company will be participating in the Offering by purchasing the Common Shares. The participation by Roman Leydolf an insider of Principal, constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities purchased by the insider, nor the consideration for the securities paid by such insider, exceeds 25% of Principal's market capitalization. The Company expects that the closing of the Second Round will occur within 21 days of this announcement and that it will not file a material change report in respect of the related party transaction at least 21 days before the closing. The Company deems this circumstance reasonable in order to complete the Second Round in an expeditious manner. The Second Round has been unanimously approved by the Company's board of directors. About Principal Technologies Principal Technologies Inc. is an international healthcare technologies investor. The Company is engaged in developing a portfolio of profitable healthcare technology assets focused on those with global distribution potential and intellectual property capable of enhancing medical treatment quality, cost efficiency, optimization of the patient pathway, and implementation of point of care technologies. ON BEHALF OF THE BOARD Jerry Trent, Chief Executive Officer Principal Technologies Inc. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements in this news release, other than statements of historical fact, including, without limitation, statements relating to the closing of the Second Round, the terms of the Second Round, the use of proceeds of the Second Round, the receipt of acceptance of the Second Round by the TSX Venture Exchange, and the plans and business of Principal are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Principals, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to close the Second Round on the terms announced or at all, and the ability of the Company to obtain acceptance by the TSX Venture Exchange. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Principal does not assume any obligation to update these forward-looking statements should they change, except as required by applicable securities laws.
Time of India
5 days ago
- Business
- Time of India
Number of employed people in India rose to 64.33 cr in FY24 from 47.5 cr in FY18
The number of employed people in the country rose to 64.33 crore in 2023-24 from 47.5 crore in 2017-18, Union Minister Shobha Karandlaje informed Parliament on Thursday citing RBI data. According to a written reply by the Minister of State for Labour & Employment in Rajya Sabha, 'The KLEMS (K: Capital, L: Labour, E: Energy, M: Materials and S: Services)' database published by Reserve Bank of India (RBI) provides employment estimates, including manufacturing sector, at all-India level. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Healthcare Data Science Data Analytics healthcare Others Leadership Management Public Policy Digital Marketing Project Management CXO Finance others Design Thinking Degree Artificial Intelligence MCA Product Management Technology Cybersecurity Operations Management MBA PGDM Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Further, she told the House that as per the latest annual Periodic Labour Force Survey (PLFS) reports, the estimated female Worker Population Ratio (WPR) for persons of age 15 years and above, during 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24 was 28.7 per cent, 31.4 per cent, 31.7 per cent, 35.9 per cent and 40.3 per cent, respectively. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Meanwhile, on Wednesday, the labour ministry had dismissed a media report which raised doubt on accuracy of official jobless data. The ministry said that PLFS is globally recognized as an empirical and statistically robust source of employment and unemployment data in India. Live Events It is based on a large-scale, stratified, multi-stage random sampling framework that covers both rural and urban regions across the country, it said. Since January 2025, PLFS has transitioned to generating monthly estimates in addition to its existing annual and quarterly outputs, enabling timely and granular tracking of labour market trends, it stated. The PLFS methodology is aligned with international standards, particularly the definitions and classifications prescribed by the International Labour Organization (ILO), such as Usual Principal Status (UPS) and Current Weekly Status (CWS). Its data collection and reporting protocols are consistent with global practices used by institutions like the World Bank, UNDP, and ILOstat, enhancing its comparability with international datasets, it has stated. As per PLFS data, the Labour Force Participation Rate (LFPR) for individuals aged 15 years and above increased from 49.8 per cent in 2017-18 to 60.1 per cent in 2023-24. During the same period, the Worker Population Ratio rose from 46.8 per cent to 58.2 per cent, while the Unemployment Rate (UR) declined sharply from 6 per cent to 3.2 per cent. These indicators suggest greater absorption of the workforce into productive employment, the ministry has said. Notably, it stated that the youth unemployment rate fell from 17.8 per cent to 10.2 per cent, which is lower than the global youth unemployment rate of 13.3 per cent as per ILO's World Employment and Social Outlook 2024. These statistics refute the false narrative regarding widespread youth disengagement, and substantiate stronger labour market participation, the ministry had said.
Business Wire
17-07-2025
- Business
- Business Wire
Principal ® Recommends Shareholders Reject 'Mini-tender' Offer by Potemkin Limited
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group ® (Nasdaq: PFG) announced today that it has received notice of an unsolicited mini-tender offer by Potemkin Limited ('Potemkin') to purchase up to 100,000 shares of Principal Financial Group, Inc. common stock from Principal ® shareholders. The offer is for approximately 0.0004 percent of Principal's shares of common stock outstanding as of the July 1, 2025, offer date. Potemkin's offer price of $51.70 per share is approximately 34.91 percent lower than the $79.43 closing price of PFG common stock on Nasdaq on June 30, 2025, the last trading day prior to the offer date. Principal does not endorse Potemkin's unsolicited mini-tender offer and recommends that shareholders do not tender their shares in response to Potemkin's offer because the offer is at a price that is significantly below the June 30, 2025, closing common stock price of $79.43 per share. Principal is not associated in any way with Potemkin, its mini-tender offer, or its mini-tender offer documents. Potemkin's offer is generally not subject to the information filing requirements of the Securities Exchange Act and Potemkin is not generally required to file reports, proxy statements and other information with the U.S. Securities and Exchange Commission ('SEC') relating to its business, financial condition and otherwise. Potemkin has made similar mini-tender offers for shares of other companies. Mini-tender offers, such as this one, seek to acquire less than five percent of a company's shares outstanding, thereby avoiding many disclosure and procedural requirements of the SEC. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. securities laws. The SEC has cautioned investors that some bidders making mini-tender offers at below-market prices are 'hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.' The SEC's cautionary advice to investors on mini-tender offers is available at Principal urges investors to obtain current market quotations for their shares, consult with their broker or financial advisor, and exercise caution with respect to Potemkin's offer. Principal urges shareholders who have not responded to Potemkin's offer to take no action. Shareholders who have already tendered their shares may withdraw them within 14 days after the date of delivery of the shareholder's Tender Form by providing notice as described in the Potemkin mini-tender offer documents, prior to the expiration of the offer, currently scheduled for Tuesday, September 30, 2025, 5 p.m. Eastern time. Principal encourages shareholders to review carefully the 'Withdrawal Rights' section of the offer documents. Principal encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure at and NASD's Notice to Members 9-53, issued July 1999, regarding guidance to members forwarding mini-tender offers to their customers, which can be found at Principal requests that a copy of this news release be included with all distributions of materials relating to Potemkin's mini-tender offer related to shares of Principal Financial Group, Inc. common stock. About Principal Financial Group ® Principal Financial Group ® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers 1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2025 World's Most Ethical Companies 2 and named as a 'Best Places to Work in Money Management 3.' Learn more about Principal and our commitment to building a better future at 2 Ethisphere, 2025 3 Pensions & Investments, 2024
Yahoo
15-07-2025
- Business
- Yahoo
Principal® Recognized as "Best Place to Work for Disability Inclusion"
Financial services company earns top score on Disability Equality Index for sixth consecutive year DES MOINES, Iowa, July 15, 2025--(BUSINESS WIRE)--Principal Financial Group® was named to the list of the "Best Places to Work for Disability Inclusion" after earning a top score of 100 on a scale of zero to 100 on the 2025 Disability Equality Index®, the world's most comprehensive benchmarking tool for companies to measure workplace disability inclusion. "At Principal, we understand our success is built on creating an accessible and inclusive environment where every employee can thrive," said Lisa Coulson, chief human resources officer at Principal. "As we commemorate the 35th anniversary of the Americans with Disabilities Act, this recognition is a timely reminder of the importance of continuously evaluating our progress and identifying opportunities to evolve our practices. We are proud to have earned a top score for six consecutive years, and we remain focused on strengthening our efforts to support disability inclusion for our employees." The 2025 Disability Equality Index measures performance in the categories of Culture & Leadership, Enterprise-Wide Access, Employment Practices, Community Engagement, Supplier Inclusion, and Responsible Procurement. "As we release this year's Disability Index report, we celebrate the continued progress made by businesses around the world. Today, hundreds of the world's leading companies are using this tool to benchmark and drive their disability inclusion efforts. Together, we are creating a global economy accelerated by disability inclusion," said Jill Houghton, President and CEO of Disability:IN. Learn more about how Principal supports inclusion here: Global inclusion | Principal. About Principal Financial Group® Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2025 World's Most Ethical Company's2 and named as a "Best Places to Work in Money Management3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 2025 2 Ethisphere, 2025 3 Pensions & Investments, 2024 About the Disability Index® The Disability Index® is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Now trusted by over 70% of the Fortune 100 and nearly half of the Fortune 500, the tool helps companies determine data-driven actions that can achieve tangible business impact. For 2025, participation and scored benchmarks are open to companies operating in Brazil, Canada, Germany, India, Japan, the Philippines, the United States, and the United Kingdom. About Disability:IN Disability:IN is the leading nonprofit resource for business disability inclusion worldwide. With the world's leading companies as partners, Disability:IN drives progress through initiatives, tools, and expertise that deliver long-term business impact. Are You IN? Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. ©2025 Principal Financial Services, Inc. View source version on Contacts Media Contact: Megan Grandgeorge, 515-878-1146 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-07-2025
- Business
- Business Wire
Principal ® Recognized as 'Best Place to Work for Disability Inclusion'
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group ® was named to the list of the 'Best Places to Work for Disability Inclusion' after earning a top score of 100 on a scale of zero to 100 on the 2025 Disability Equality Index ®, the world's most comprehensive benchmarking tool for companies to measure workplace disability inclusion. 'At Principal, we understand our success is built on creating an accessible and inclusive environment where every employee can thrive,' said Lisa Coulson, chief human resources officer at Principal. 'As we commemorate the 35th anniversary of the Americans with Disabilities Act, this recognition is a timely reminder of the importance of continuously evaluating our progress and identifying opportunities to evolve our practices. We are proud to have earned a top score for six consecutive years, and we remain focused on strengthening our efforts to support disability inclusion for our employees.' The 2025 Disability Equality Index measures performance in the categories of Culture & Leadership, Enterprise-Wide Access, Employment Practices, Community Engagement, Supplier Inclusion, and Responsible Procurement. 'As we release this year's Disability Index report, we celebrate the continued progress made by businesses around the world. Today, hundreds of the world's leading companies are using this tool to benchmark and drive their disability inclusion efforts. Together, we are creating a global economy accelerated by disability inclusion," said Jill Houghton, President and CEO of Disability:IN. Learn more about how Principal supports inclusion here: Global inclusion | Principal. Principal Financial Group ® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers 1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2025 World's Most Ethical Company's 2 and named as a 'Best Places to Work in Money Management 3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 2025 2 Ethisphere, 2025 3 Pensions & Investments, 2024 About the Disability Index ® The Disability Index ® is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Now trusted by over 70% of the Fortune 100 and nearly half of the Fortune 500, the tool helps companies determine data-driven actions that can achieve tangible business impact. For 2025, participation and scored benchmarks are open to companies operating in Brazil, Canada, Germany, India, Japan, the Philippines, the United States, and the United Kingdom. About Disability:IN Disability:IN is the leading nonprofit resource for business disability inclusion worldwide. With the world's leading companies as partners, Disability:IN drives progress through initiatives, tools, and expertise that deliver long-term business impact. Are You IN? Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Company ®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group ®, Des Moines, IA 50392. ©2025 Principal Financial Services, Inc.
