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Ascendant Group Hires Fifteen Summer Interns

Ascendant Group Hires Fifteen Summer Interns

Fifteen student interns are gaining valuable work experience this summer through Ascendant Group’s Summer Student Programme. The Interns are placed throughout the Group within a variety of departments at Ascendant, BELCO and Aircare. Anthony Bailey, Jordon Lindsay, Daniel Pinto, Charnae Richardson, Azra Smith and Taye Thompson are supporting Ascendant’s... Read more of this article

Ascendant STEM Camp Offered Free Of Charge

Ascendant STEM Camp Offered Free Of Charge

Ascendant Group has completed the first week of its annual STEM [Science, Technology, Engineering and Mathematics] Camp, which caters to middle school students looking to enhance their skills in STEM by developing challenging robotic projects, electronics and wearable technology. The Camp was initially launched in 2013 and provides an interactive experience... Read more of this article

Ascendant’s June 2018 Share Repurchases

Ascendant’s June 2018 Share Repurchases

In a filing with the Bermuda Stock Exchange, Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of June 2018 the company repurchased 158,188 common shares at an average price of $15.80. The Company advised the repurchased shares have been reserved for issuance. Related StoriesAscendant’s... Read more of this article

$107.5M Financing For New BELCO System

$107.5M Financing For New BELCO System

BELCO has arranged $107.5 million in financing which the company said “will be used to fund the construction of BELCO’s replacement generation and battery energy storage system.” Ascendant, BELCO’s parent company, said, “Ascendant Group Limited is pleased to announce the signing by its wholly owned subsidiary, Bermuda Electric... Read more of this article

Ascendant’s May 2018 Share Repurchases

Ascendant’s May 2018 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 May 2018 the company repurchased 35,400 common shares at an average price of $15.00. The Company advised the repurchased shares have been reserved for issuance. Related StoriesAscendant’s... Read more of this article

Ascendant Group Announces Board Changes

Ascendant Group Announces Board Changes

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited has announced board changes. The full filing stated, “The Board of Directors of Ascendant Group Limited announces the retirement of David Dodwell, Sr and Edward Williams from the Company’s Board of Directors [the “Board”], effective 18 May 2018. “On behalf of... Read more of this article

Ascendant To Hold STEM Camp For Students

Ascendant To Hold STEM Camp For Students

Ascendant Group invites 12 – 14 year old students with a passion for STEM [Science, Technology, Engineering and Mathematics] to apply for its annual STEM Camp, which will be held once again this summer. Initially launched in 2013, Ascendant’s STEM Camp is ideal for middle school students looking to develop challenging robotic projects, electronics... Read more of this article

Ascendant’s Share Repurchase Programme

Ascendant’s Share Repurchase Programme

Ascendant Group Limited announces that, given the Company’s existing share repurchase programme is due to expire on 22 May 2018, its Board of Directors has authorised the repurchase of up to 1,000,000 shares through a further share repurchase programme. The authorised share repurchase programme represents approximately 10% of the Company’s overall... Read more of this article

US Company’s Unsolicited Interest In Ascendant

US Company’s Unsolicited Interest In Ascendant

In a filing with the Bermuda Stock Exchange, Ascendant Group – the parent company of BELCO — gave notice of an “unsolicited, highly conditional, expression of interest” from US-based Twenty First Century Utilities. The full filing stated: “Ascendant Group Limited has received an unsolicited, highly conditional, expression... Read more of this article

Ascendant Group Announces 2017 Results

Ascendant Group Announces 2017 Results

In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited announced their 2017 results, with core earnings in 2017 of $18.9 million compared to $13.9 million in 2016. The filing stated: Stable earnings at BELCO; significant earnings growth in unregulated businesses HighlightsAscendant Group Limited’s core earnings per share increased... Read more of this article

Approval To Construct Replacement Generation

Approval To Construct Replacement Generation

Ascendant Group advised that BELCO has obtained RA approval to “construct replacement generation,” with the company saying that in addition to the creation of new jobs during the construction phase and the assurance of employees’ ongoing safety, “there are numerous benefits that will be realised by our customers once the replacement... Read more of this article

Ascendant’s January 2018 Share Repurchases

Ascendant’s January 2018 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 January 2018 the company repurchased 2,900 common shares at an average price of $9.50. The Company advised the repurchased shares have been reserved for issuance. Related StoriesAscendant’s... Read more of this article

Robert Schaefer Appointed As Ascendant CFO

Robert Schaefer Appointed As Ascendant CFO

Ascendant Group – the parent company of BELCO — has appointed Mr. Robert Schaefer as Chief Financial Officer. “I am pleased to announce Mr. Schaefer has assumed the position of Chief Financial Officer. Rob brings to the Company extensive experience in the North American power and gas business,” said Mr. Sean Durfy, the Company’s... Read more of this article