Hashtag: #AscendantGroup

Algonquin Releases ‘Acquisition Fact Sheet’

Algonquin Releases ‘Acquisition Fact Sheet’

With Ascendant Group Limited having signed an agreement with Algonquin Power & Utilities Corp to “sell the Company subject to shareholder and regulatory approvals,” an ‘acquisition fact sheet’ has been released by the Canadian company highlighting its position and intentions regarding the sale. Bloomberg video interview with Algonquin... Read more of this article

ESTU To Meet Regarding Ascendant Sale

ESTU To Meet Regarding Ascendant Sale

The Electricity Supply Trade Union [ESTU] will meet with their members to discuss the planned sale of the Ascendant Group, with the ESTU President noting there is “considerable tension around this announcement, and we will look to make sure our members can voice their queries.” Agreement To Sell Ascendant To Canadian Company For $365 Million Yesterday,... Read more of this article

RA To “Evaluate” Proposed Sale Of BELCO

RA To “Evaluate” Proposed Sale Of BELCO

[Updated] The Regulatory Authority of Bermuda said they “will evaluate the proposed change of control of BELCO in accordance with the provisions of applicable legislation and any Ministerial directions.” This follows after Ascendant, the parent company of BELCO, confirmed that they signed an agreement with Algonquin Power & Utilities... Read more of this article

Ascendant Sign Agreement To Sell Company

Ascendant Sign Agreement To Sell Company

[Updated: Ascendant, the parent company of BELCO, confirmed they have signed an agreement with Algonquin Power & Utilities Corp to “sell the Company subject to shareholder and regulatory approvals," while a statement from Algonquin — which lists its head office in Ontario, Canada — said that under the terms of the all-cash transaction, "Ascendant’s... Read more of this article

Ascendant Group First Quarter Earnings

Ascendant Group First Quarter Earnings

Ascendant Group Limited, a publicly traded provider of energy and energy-related services, announced results for the first three months of 2019. Ascendant President & CEO Sean Durfy said, “The Company continues to execute its strategic five-year plan with much progress made on the $250 million capital plan that is geared towards building a foundation... Read more of this article

Ascendant’s March 2019 Share Repurchases

Ascendant’s March 2019 Share Repurchases

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of March 2019 the company repurchased 60,908 common shares at an average price of $20. The Company advised all 60,908 shares have been cancelled. Related StoriesAscendant’s Share Repurchases... Read more of this article

Ascendant Invite Groups To Submit Proposal

Ascendant Invite Groups To Submit Proposal

[Updated] “At the request of Ascendant Group Limited, the Bermuda Stock Exchange [BSX] has suspended trading of Ascendant’s common shares pending an announcement by the Company,” the BSX stated this morning [April 1]. Last time the BSX suspended trading of Ascendant shares, back in January, Ascendant — the parent company of BELCO... Read more of this article

Ascendant’s Share Repurchases For March 22nd

Ascendant’s Share Repurchases For March 22nd

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 8000 common shares at an average price of $20.00 on 22 March 2019. The Company advised the repurchased shares will be cancelled. Related StoriesAscendant’s March 2019 Share Repurchases Ascendant’s... Read more of this article

Govt’s Policy Directions: Possible Sale Of BELCO

Govt’s Policy Directions: Possible Sale Of BELCO

[Updated] Speaking in the House of Assembly today [March 22], Minister of Home Affairs Walter Roban provided an overview of the policy directions that he provided to the Regulatory Authority. This follows after the Ascendant Group — the parent company of BELCO — said they are “evaluating strategic alternatives, including the potential sale of... Read more of this article

Ascendant’s Share Repurchases For March 20

Ascendant’s Share Repurchases For March 20

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 1,800 common shares at an average price of $20.00 on 20 March 2019. The Company advised the repurchased shares will be cancelled. Related StoriesAscendant’s March 2019 Share Repurchases Ascendant’s... Read more of this article

Dozens Of People Retire From Ascendant

Dozens Of People Retire From Ascendant

[Written by Don Burgess] Nearly 13% of Ascendant’s workforce took up a voluntary retirement offer from Ascendant. A company spokesperson said that 50 people accepted early retirement. In the 2018 year-end financial statement, Ascendant said that BELCO had 258 employees, which was 67% of the staff employed by the Group which also includes AIRCARE,... Read more of this article

Ascendant’s Share Repurchases For March 18th

Ascendant’s Share Repurchases For March 18th

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 50 common shares at an average price of $20.00 on 18 March 2019. The Company advised the repurchased shares will be cancelled. Related StoriesAscendant’s March 2019 Share Repurchases Ascendant’s... Read more of this article

Ascendant’s Share Repurchases For March 14th

Ascendant’s Share Repurchases For March 14th

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited advised that pursuant to its share repurchase programme, the company repurchased 800 common shares at an average price of $20.00 on 14 March 2019. The Company advised the repurchased shares will be cancelled. Related StoriesAscendant’s March 2019 Share Repurchases Ascendant’s... Read more of this article