Companies news of 2018-03-12 (page 1)

The Stars Group's Pokerstars Turbo Series Surpasses Guarantees With $25 Million Prize Pool

TORONTO, March 12, 2018 /PRNewswire/ --

The Stars Group Inc. announced today that the recent PokerStars Turbo Series exceeded its original $15.6 million prize-pool guarantee by nearly $10 million, ultimately paying out more than $25 million among the 46,581 unique players who participated in the online poker series.

The Turbo Series, which took place from February 18 to March 4, replaced PokerStars' long-running Turbo Championship of Online Poker (TCOOP) and featured 74 events with buy-ins ranging from $11 to $5,200. Three events had prize pools exceeding $1 million, while PokerStars awarded three $30,000 Platinum Passes to the PokerStars Players No Limit Hold'em Championship (PSPC), a $25,000 buy-in event taking place in the Bahamas in January 2019.

The success of the Turbo Series follows similar results for recent online tournaments at PokerStars, including the FRESH (France Espania Hold'em) Series, PokerStars' first joint tournament series offered to both French and Spanish players following the launch of shared liquidity among those markets, which exceeded its ?5 million guarantee and awarded over ?6 million, the PokerStars Winter Series, which awarded over $38 million as compared to the $25.4 million prize pool guarantee, and the 2017 World Championship of Online Poker (WCOOP), which exceeded its advertised guarantee of $60 million to pay out $90.6 million. WCOOP became the second-largest ever online poker series, behind PokerStars' Spring Championship of Online Poker (SCOOP), which paid out an industry record $93 million in 2017.

About The Stars Group  

The Stars Group is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. The Stars Group directly or indirectly, including through its Stars Interactive Group division, owns gaming and related consumer businesses and brands, such as PokerStars, PokerStars Casino, BetStars, Full Tilt, and the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars MEGASTACK live poker tour and event brands. These brands together have millions of registered customers globally and collectively form the largest poker business in the world, comprising online poker games and tournaments, sponsored live poker competitions, marketing arrangements for branded poker rooms in popular casinos in major cities around the world, and poker programming and content created for television and online audiences. The Stars Group, through certain of these and other brands, also offers non-poker gaming products, including casino and sportsbook. The Stars Group, through certain of its subsidiaries, is licensed or approved to offer, or offers under third party licenses or approvals, its products and services in various jurisdictions throughout the world, including in Europe, both within and outside of the European Union, Australia, the Americas and elsewhere. In particular, PokerStars is the world's most licensed online gaming brand, holding licenses or related operating approvals in 17 jurisdictions.

Cautionary Note Regarding Forward Looking Statements and Other Information  

This news release may contain forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements can, but may not always, be identified by the use of words such as "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "would", "should", "believe", and similar references to future periods or the negatives of these words and expressions. These statements are based on management's current expectations and are subject to a number of risks, uncertainties, and assumptions. There can be no assurance that actual results will not differ materially from those expressed or implied in forward-looking statements. Undue reliance should not be placed on forward-looking statements. Please refer to The Stars Group's most recent annual information form and annual and interim financial statements and management's discussion and analysis for more information about the factors, assumptions and risks that may apply to The Star's Group's forward-looking statements. Each forward-looking statement speaks only as of the date hereof, and The Stars Group undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

For media inquiries, please contact:

Eric Hollreiser:

TransferWise Chooses Wirecard as Debit Card Issuer

MUNICH, March 12, 2018 /PRNewswire/ --

TransferWise launched its borderless account in 2017, allowing anyone to get bank details digitally across the world instantly. A debit card to accompany the account will be launched for all users later in 2018, and will be issued by Wirecard. 

Wirecard, the leading international specialists for digital financial technology, has been chosen by TransferWise, the international money transfer company based in London, to issue a debit card to serve alongside its digital borderless account. The debit card was privately launched in January to around one thousand existing TransferWise customers, with a full public roll out planned for later in 2018.

The borderless account will be the first platform to offer true multi-country banking to anyone who needs it. Previously available only to businesses, now TransferWise's wider customer base can hold and convert 28 currencies at the real exchange rate, with local bank details for the UK, US, Australia and Europe. That means anyone can send, spend and save money like a local, as well as getting paid around the world with zero fees, as if they lived there. Two million people are using TransferWise at the moment to transfer over £1.5 billion every month, saving themselves over £2 million every day.

"Our mission is to make money move without borders, and the borderless debit card is a vital step in bringing that mission to a wider audience", said Jeremy Buttner, borderless banking lead at TransferWise. "Wirecard is helping us to take the product, and its benefits, to markets that badly need the service more quickly than we'd have been able to otherwise."

"TransferWise was looking to extend their borderless account by adding a multi-currency debit card. This card will allow customers to access their borderless account around the world without any hidden charges", added Tom Jennings, Managing Director at Wirecard. "We are delighted to be working with TransferWise, a leading FinTech in the industry. It is a unique product and we see this as being a very successful partnership even for the future."

About Wirecard:  

Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit or follow us on twitter @wirecard.

About TransferWise:  

TransferWise is a new kind of financial company for people and businesses that travel, live and work internationally. It's the fairest, easiest way to manage your money across borders. With a simple money transfer platform and borderless accounts, it makes managing your money quick, easy and painless. Co-founded by Taavet Hinrikus and Kristo Käärmann, TransferWise launched in 2011. It is one of the world's most successful fintech startups having raised $397m from investors such as IVP, Old Mutual, Andreessen Horowitz, Sir Richard Branson, Valar Ventures and Max Levchin of PayPal. Two million people use TransferWise to transfer over £1.5 billion every month, saving themselves over £2 million every day.

Wirecard media contact:

Wirecard AG
Jana Tilz
Tel.:  +49(0)-89-4424-1363

Sectra's Nine-month Interim Report 2017/2018: Sectra Tops Customer Satisfaction for Fifth Consecutive Year

LINKÖPING, Sweden, March 12, 2018 /PRNewswire/ -- International medical imaging IT and cybersecurity company Sectra (STO: SECT B) reported increased order bookings and net sales compared with the year-earlier period. The earnings trend for the Group as a whole was stable. Sectra's financial focus is to increase its operating profit per share while maintaining its operating margin, and Sectra's financial performance measures continue to exceed the Group's target levels.

Nine-month period in figures 

  • Order bookings increased 19.8% to SEK 992.3 million (828.1).
  • Net sales rose 9.8% to SEK 878.6 million (800.1). Adjusted for currency fluctuations, sales increased 11.9%.
  • Operating profit rose 23.7% to SEK 155.4 million (125.6), corresponding to an operating margin of 17.7% (15.7). Adjusted for currency fluctuations, operating profit increased 27.3%.
  • Cash flow after changes in working capital amounted to SEK 120.8 million (174.9).

Third quarter in figures 

  • Order bookings increased 11.6% to SEK 337.9 million (302.9).
  • Net sales rose 2.0% to SEK 300.1 million (294.2). Adjusted for currency fluctuations, sales increased 4.7%.
  • Operating profit rose 8.9% to SEK 51.3 million (47.1), corresponding to an operating margin of 17.1% (16.0). Adjusted for currency fluctuations, operating profit increased 13.5%.
  • Cash flow after changes in working capital amounted to SEK 46.1 million (104.7).

Torbjörn Kronander, President and CEO of Sectra AB, comments 

"For a company such as Sectra, which competes with some of the largest companies in the world, it is extremely important to have satisfied, long-standing customers. Our success in this area is confirmed by the recognition of Sectra's medical IT system (PACS) for having the highest customer satisfaction in the US for the fifth consecutive year, and globally for the fourth year straight. This is mainly the result of our corporate culture, where the needs and problems of our customers always come first. I am proud of the positive feedback we continue to receive from users across the globe and of our employees, who truly care about and assume responsibility for our customers.

"Sectra continued to deliver positive trends in terms of sales, order bookings, and profitability. The most significant sales growth during the period was reported in Sweden, primarily as a result of increased sales in the Secure Communications operating area. Within Imaging IT Solutions, we are growing in the Netherlands, the UK and the US.

"The increase in order bookings is attributable to several comprehensive, long-term customer contracts in both Secure Communications and Imaging IT Solutions. A significant portion of our expenditures arise in the early stages of the multiyear projects, while revenue and profit recognition are distributed over the entire duration of the customer contract. Accordingly, several of the new orders will tie up considerable capital during the installation phase, which will place a greater burden on cash flow.

"With all of our financial goals achieved, we aim to continue growing in the long term. Our focus will be on growth initiatives that can contribute to a long-term and stable earnings trend, including cybersecurity for critical infrastructure and solutions for integrated cancer diagnostics. We are also investing in new geographic markets?including Canada and France, where we opened offices over the past year?and in increasing our market shares in countries where we are already established but are not yet the market leader."

For further CEO comments and information, see the attached interim report.

Presentation of the interim report  

A teleconference will be held by Torbjörn Kronander, President and CEO of Sectra AB, and Mats Franzén, CFO of Sectra AB. The presentation will be held in English.

Time: March 12, 2018 at 10:00 a.m. (CET)

To participate, call:

SE: +46-856642665

UK: +44-2030089807

US: +1-8558315944

The report presentation can also be followed live online: A recorded version will also be available via this link after the conference.

This information constitutes information that Sectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and/or the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 8:00 a.m. (CET) on March 12, 2018.

For further information, please contact:

Dr. Torbjörn Kronander
CEO and President Sectra AB,

This information was brought to you by Cision,c2469762

The following files are available for download:

Sectra Nine-month report 2017/2018


Infosys Announces its Intent to Voluntarily Delist From Euronext Paris and Euronext London Exchanges

BENGALURU, India, March 12, 2018 /PRNewswire/ --

The company's American Depositary Shares will continue to be listed on NYSE

Infosys (NYSE: INFY; BSE, NSE: INFY) today announced its intention to voluntarily delist its American Depositary Shares ("ADS") (ISIN: US4567881085) from the Euronext Paris and Euronext London exchanges. The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements. During the 5-year period of the company's listing on Euronext Paris and Euronext London, the average daily trading volume of the company's ADS was significantly lower than its average daily trading volume on the New York Stock Exchange (NYSE). The proposed delisting is subject to approval from Euronext Paris S.A. and Euronext London Limited. There will be no change to the Infosys share/ADS count, capital structure and float, as a result of the proposed delisting from the above exchanges. Infosys ADS will continue to be listed on the NYSE under the symbol "INFY" and investors can continue to trade their ADS on the NYSE as before.

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Subject to the approval of the proposed delisting by Euronext Paris S.A. and Euronext London Limited, a sales facility will be provided by the company to the holders of ADS trading on the Euronext Paris and Euronext London exchanges. ADS holders, who opt for the sales facility will be able to sell their ADS on the NYSE in accordance with Euronext Paris and Euronext London rules. ADS holders who do not opt for the sales facility can continue to keep their ADS and will be able to trade their ADS on the NYSE. Further, until the date of completion of the proposed delisting, the ADS holders can continue to trade their ADS on the Euronext Paris and Euronext London exchanges.

About Infosys Ltd. 

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 200,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.

Visit to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor 

Certain statements in this press release concerning our intent to voluntarily delist from the Euronext Paris and Euronext London exchanges, expected or hoped for results or actions with respect to the Euronext Paris and Euronext London exchanges, and the availability of a sale facility are forward-looking intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the Euronext Paris and Euronext London exchanges' approval process and the timing thereof. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

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