Latest news with #UAB
USA Today
5 days ago
- Sport
- USA Today
Yaxel Lendeborg discusses Michigan basketball roster, sets Final Four goal for 2025
Yaxel Lendeborg discusses Michigan basketball roster, sets Final Four goal for 2025 Yaxel Lendeborg isn't wasting any time getting acclimated to Michigan basketball. The No. 1 player in the transfer portal had committed to the Wolverines earlier in the process, despite still appearing to be NBA-bound as he departed UAB. Yet, he ended up withdrawing and will play in Ann Arbor for one season after all. As it turns out, he already has a pretty good idea of what the roster looks like, what it can do, and how it can help him improve as a player. "I feel like I have a pretty good knowledge of it right now," Lendeborg told Brian Boesch on the Defend the Block Podcast. "I know our bigs are really athletic, really long shot blockers. A lot of us are pretty good rebounders, so it's going to be a little bit of a battle on the boards. "We have Elliot Cadeau, who's -- I think they said, the best passer, the best passer in college basketball, which is amazing as well. Something that I could probably try to take from him, just see what he sees on the floor, something to learn about. And, we have a lot of good shooters like Nimari Burnett. I think they said he shot 45 percent, which is ridiculous. "We just got Trey (McKenney), (Mr.) Basketball -- you know, that's great. I haven't looked into many of the other guys as much, but I know that we have a good roster formulated, and we have a lot of length, which is something great as well." Coming from UAB, Lendeborg isn't used to his team having high and lofty expectations. But the Wolverines are coming off a Big Ten Tournament championship and a Sweet 16 run. Now, those expectations are risin,g and the program is aiming higher. With Lendeborg on the roster, that helps elevate the program, as well. And he's not shying away from heightened prospects when it comes to what the maize and blue can do in 2025-26. "Oh, yeah. I'm super excited," Lendeborg said. "You know, "I feel like it's giving me more of a chip on my shoulder to try to be the best that I can be, just not let the fans down, not let the people that support us down, you know. So I am super excited. I'm happy to get up to that stage. I made a promise as well that I want to at least take us to the Final Four. So, I'm going to do whatever I can to get us there." Lendeborg joins transfers Cadeau, Morez Johnson Jr., and Aday Mara, as well as freshmen McKenney, Winters Grady, and Patrick Liburd as new faces who will reshape the Michigan basketball roster in 2025-26.
USA Today
5 days ago
- Sport
- USA Today
Yaxel Lendeborg discusses choosing Dusty May, Michigan over NBA draft
Yaxel Lendeborg discusses choosing Dusty May, Michigan over NBA draft Michigan basketball made a big coup via the transfer portal, not only getting former UAB standout Yaxel Lendeborg to commit to the Wolverines, but also getting him to withdraw from the NBA draft after it appeared he'd likely be league-bound. But now it's time for Dusty May and the enigmatic forward to get to work. Lendeborg would have likely been a first-round NBA draft pick had he stayed in the process, but with something of a promise of further developing and being selected higher with a guaranteed contract. But that notion isn't the only thing that attracted Lendeborg to Ann Arbor. Initial impressions on Dusty May and Michigan Lendeborg's first impression of the Michigan basketball head coach and the program are two separate things. While May made the early push for the former UAB star to get him to Ann Arbor, Lendeborg's first impressions actually came before they met in the process of May working to get him to transfer. "The initial conversation was great. I already liked Dusty May as a coach," Lendeborg told Brian Boesch on the Defend the Block Podcast. "My first year watching basketball, me and my friends (in) JUCO, we were watching March Madness, we're watching FAU and then another team watching this so I just started to like how he coached his team, how he looked. "Obviously, when he was coaching, because a lot of coaches are always just fired up, angry. He just seems so cool, calm, and collected. That's how I try to be as a player as well. So it's kind of nice to have that. It's refreshing. But when he came out to visit me, it was amazing. It was big time. It was huge for me and just like my emotions, because I always wanted a coach to be like a father figure for me, someone I can look up to. I feel like Dusty May is going to be a real big part of that. He can for sure be a father figure for me and help me grow as a person rather than just a basketball player." As far as Michigan itself, the big move started when Lendeborg visited Ann Arbor in April and ended with the combine. Lendeborg was blown away by everything that the Wolverines have to offer once he got to see Ann Arbor in person. Knowing the level of development that the coaching staff could bring, seeing the facilities and the city, and meeting with the staff helped ease Lendeborg's mind when it came to the idea of staying in college for one more year. But when he got to Chicago for the NBA combine, he learned that it might be his best route to see his commitment through. "Well, there was two things: No. 1 was when I came out here on my visit, it pretty much turned everything around for me," Lendeborg said. "Because the NBA, I was like, oh my gosh, I can make it. But then when I came out here, it was like, he's promising me like next year, I can be better than what I was last year, higher ranking draft-wise than I can be if I come here and put the work in. "And then, two, was this: I spoke to NBA teams, the majority of them were saying that it wouldn't be a bad idea to come back here, develop a little bit more, play at a higher level, just to see what I'm capable of doing. And I've always asked that question to make sure because my mind was always like, I want to come to Michigan, but the NBA is the NBA. You have to go when you have the chance. So just hearing that type of feedback from NBA teams is pretty much what helped me more lean towards Michigan." More on his game and his expectations with Michigan Lendeborg is a walking double-double, averaging 17.7 points per game, 11.4 rebounds, while also managing an average of 4.2 assists per game -- all at the forward position. He told Boesch that the best part of his game is the facilitation. But now that he's joining the maize and blue, he hopes that his shooting improves, while he reshapes his body to become more NBA-ready. "Most confidence I have in my game, I would say my passing ability and my rebounding -- for like a natural gift with passing, my favorite thing to do as well," Lendeborg said. "Things that will get better with the help of Michigan, of course, is my shooting, just shooting off the dribble or shooting a little quicker, and just being on target -- and my defense as well. Just helping my body out, my strength, my speed. "I have a lot of faith that they'll get me right, body-wise. I didn't really put up the most athletic numbers at the combine, but I do feel like that's going to change." Lendeborg is one of four transfer portal additions that Michigan basketball made this offseason. He joins North Carolina guard Elliot Cadeau, Illinois forward Morez Johnson Jr., and UCLA center Aday Mara becoming new Wolverines this year.
Al Bawaba
5 days ago
- Business
- Al Bawaba
United Arab Bank PJSC launches strategic Rights Issue to raise up to AED 1.03 billion
United Arab Bank PJSC ("UAB"), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to AED 1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from AED 2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to AED 3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank. Further, United Arab Bank has published an invitation to its shareholders (the "Invitation") to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB's website ( on or around today's date. The New Shares will be issued at an issue price of AED 1 per New Share (the "Issue Price"). The terms and launch of the Rights Issue were approved by the UAB's General Assembly Meeting held on 6 March 2025, following the approval of the Board of Directors of the Bank held on 4 February 2025. The necessary regulatory approvals have been obtained for this Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of United Arab holders of Rights, which includes shareholders of United Arab Bank and any persons who purchased Rights during the Rights Trading Period (the "Eligible Persons"), will be entitled to exercise their Rights to subscribe for New Shares at the Issue Price commencing on 4 July 2025 and ending on 17 July New Shares will be allocated to Eligible Persons on 24 July 2025. Refunds will be given to Eligible Persons, who did not receive the number of New Shares that they subscribed for, on or around 24 July on the announcement, Mr. Shirish Bhide, CEO of United Arab Bank said: "The Rights Issue represents a significant milestone in the Bank's journey towards its next phase of growth. It is an important step in strengthening United Arab Bank's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.' First Abu Dhabi Bank PJSC has been appointed as Lead Manager and Bookrunner in respect of the Rights Issue and Al Tamimi & Co. have been appointed as Legal Adviser. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Khaleej Times
6 days ago
- Business
- Khaleej Times
United Arab Bank launches strategic rights issue to raise up to Dh1.03 billion
United Arab Bank PJSC (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to Dh1,031,275, from Dh2,062,550,649 up to Dh3,093,825,974 by way of the rights issue offered to the existing shareholders of the bank. Further, UAB has published an invitation to its shareholders to subscribe for new shares. Frequently asked questions relating to the rights issue will be made available on UAB's website ( on or around today's date. The new shares will be issued at an issue price of Dh1 per new share. The terms and launch of the rights issue were approved by the UAB's general assembly meeting held on March 6, 2025, following the approval of the board of directors of the bank held on February 4, 2025. The necessary regulatory approvals have been obtained for this transaction. UAB intends to use the net proceeds raised from the rights issue to strengthen its capital base and to support future growth of the business of the bank. The holders of rights, which includes shareholders of UAB and any persons who purchased rights during the rights trading period, will be entitled to exercise their rights to subscribe for new shares at the issue price commencing on July 4, 2025 and ending on July 17, 2025. The new shares will be allocated to eligible persons on July 24, 2025. Refunds will be given to eligible persons, who did not receive the number of New Shares that they subscribed for, on or around July 24, 2025. Commenting on the announcement, Shirish Bhide, CEO of United Arab Bank said the rights issue represents a significant milestone in the bank's journey towards its next phase of growth. 'It is an important step in strengthening United Arab Bank's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.' First Abu Dhabi Bank PJSC has been appointed as lead manager and bookrunner in respect of the rights issue and Al Tamimi and Company have been appointed as legal adviser. Expected Timetable of Principal Events > Date of publication of the Invitation|: 3 June > Eligibility Date of Rights (record date)*: 19 June > First day of trading the Rights on the ADX: 27 June > Last day of trading the Rights on the ADX: 10 July > Subscription Opening Date: 4 July > Subscription Closing Date: 17 July > Date of allocation: 24 July > Refund date: On or around 24 July > Commencement of dealings in the new shares: On or around 30 July * In order to receive rights on the eligibility date, investors must ensure that they execute any purchase orders for shares at least two business days prior to the eligibility date, i.e. on or before June 17, 2025, to allow for the settlement of trades on the ADX (which operates on a T+2 basis).
Mid East Info
6 days ago
- Business
- Mid East Info
United Arab Bank PJSC launches strategic Rights Issue to raise up to AED 1.03 billion - Middle East Business News and Information
United Arab Emirates: United Arab Bank PJSC ('UAB'), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to AED 1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from AED 2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to AED 3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank. Further, United Arab Bank has published an invitation to its shareholders (the 'Invitation') to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB's website on or around today's date. The New Shares will be issued at an issue price of AED 1 per New Share (the 'Issue Price'). The terms and launch of the Rights Issue were approved by the UAB's General Assembly Meeting held on 6 March 2025, following the approval of the Board of Directors of the Bank held on 4 February 2025. The necessary regulatory approvals have been obtained for this transaction. United Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of United Arab Bank. The holders of Rights, which includes shareholders of United Arab Bank and any persons who purchased Rights during the Rights Trading Period (the 'Eligible Persons'), will be entitled to exercise their Rights to subscribe for New Shares at the Issue Price commencing on 4 July 2025 and ending on 17 July 2025. The New Shares will be allocated to Eligible Persons on 24 July 2025. Refunds will be given to Eligible Persons, who did not receive the number of New Shares that they subscribed for, on or around 24 July 2025. Commenting on the announcement, Mr. Shirish Bhide, CEO of United Arab Bank said: 'The Rights Issue represents a significant milestone in the Bank's journey towards its next phase of growth. It is an important step in strengthening United Arab Bank's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.' First Abu Dhabi Bank PJSC has been appointed as Lead Manager and Bookrunner in respect of the Rights Issue and Al Tamimi & Co. have been appointed as Legal Adviser. Expected Timetable of Principal Events Event Date (2025) Date of publication of the Invitation 3 June Eligibility Date of Rights (record date)* 19 June First day of trading the Rights on the ADX 27 June Last day of trading the Rights on the ADX 10 July Subscription Opening Date 4 July Subscription Closing Date 17 July Date of allocation 24 July Refund date On or around 24 July Commencement of Dealings in the New Shares On or around 30 July * In order to receive Rights on the Eligibility Date, investors must ensure that they execute any purchase orders for shares at least two business days prior to the Eligibility Date, i.e. on or before 17 June 2025, to allow for the settlement of trades on the ADX (which operates on a T+2 basis).
