Hashtag: #AscendantGroup
Ascendant Group Releases Q2 2020 Financials
Ascendant Group Limited, a publicly traded provider of energy and energy-related services, announced that results for the first six months of 2020 have been released. The Six Month Report will be sent to shareholders and is also available on Ascendant’s website at www.ascendant.bm. The Ascendant Six Month Earnings follow below [PDF here]: Related... Read more of this article
RA Grants Approval For Ascendant/BELCO Sale
[Updated] Ascendant Group Limited’s trading has been “suspended pending an announcement from the company.” “At the request of Ascendant Group Limited, the BSX has suspended trading in Ascendant Group Limited’s common shares pending an announcement from the Company,” the BSX said. Often when this happens it means a major announcement... Read more of this article
Ascendant Group Announces 1st Quarter Results
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited’s announced results for the first three months of 2020. The full filing stated: “Ascendant Group Limited, a publicly traded provider of energy and energy-related services, today announced results for the first quarter of 2020, with core earnings of $4.1 million, or $0.42/share,... Read more of this article
Ascendant Donates $100,000 To Eliza DoLittle
Ascendant Group is donating $100,000 to The Eliza DoLittle Society to help bring some relief to those affected by the coronavirus pandemic. An Ascendant spokesman said: “Ascendant has a long and proud history of philanthropy in Bermuda. During these unprecedented times, as Bermuda contends with the coronavirus, our charities committee met to determine... Read more of this article
RA Invite Comment On Proposed BELCO Sale
The Regulatory Authority [RA] is inviting the public and other interested parties to comment on the proposed purchase of BELCO by Algonquin Power. A spokesperson said, “The Regulatory Authority is inviting the public and other interested parties to comment on the proposed ‘Change of Control’, a proposed transaction concerning the acquisition of... Read more of this article
Ascendant Group Announces 2019 Results
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group – the parent company of BELCO — announced their 2019 results, with core earnings of $15.3 million, or $1.60/share, compared to $14.5 million, or $1.49/share, in 2018 and net earnings of $12.4 million, or $1.27/share, compared to $5.4 million, or $0.54/share, in 2018. The... Read more of this article
Ascendant Celebrates Women’s Day
Ascendant Group is celebrating International Women’s Day by participating in the Each for Equal campaign. “Ascendant is the parent company of several industrial and service technology businesses, which include BELCO and the AG Holdings Limited companies: AIRCARE, IEPC, and iFM. Within the companies, women work in various sections and professions,”... Read more of this article
Timeline For Ascendant Sale Decision Extended
The Minister of Home Affairs has extended the statutory timeline for a final decision on the application for Algonquin to purchase the Ascendant Group to October 4th, 2020. A spokesperson said, “On 3 June 2019 Ascendant Group Limited signed an agreement with Algonquin Power & Utilities Corp. for Algonquin to purchase the Company for $36 per... Read more of this article
Ascendant Group Announces 3rd Quarter Results
Ascendant Group – the parent company of BELCO – today [Nov 13] announced results for the third quarter of 2019, stating that “core earnings from operations, before corporate expenses, were $19.5 million or $2.05 per share compared to $22.9 million or $2.32 per share for the first nine months of 2018.” A spokesperson said, “Ascendant... Read more of this article
Column: “Committed To Investing In The Island”
[Opinion column written by Algonquin CEO Ian Robertson] When Algonquin Power & Utilities Corp. [Algonquin] was founded in 1988 to develop and own generating stations in mostly remote regions of Canada, it was imperative to build and maintain strong relationships with the communities in which we operate, primarily through job creation, excellent... Read more of this article
Ascendant Group Release Six Month Report
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited’s reported their 2019 6-Month Report which was sent to Shareholders. The full Ascendant 2019 6-Month Report follows below [PDF here]: Related Stories Ascendant Group Becomes Liberty Group Ascendant Group’s Trading Halted On BSX Ascendant Group Releases Q2 2020 Financials Ascendant... Read more of this article
Ascendant Group Shareholders Approve Sale
The shareholders of Ascendant Group — the parent company of BELCO — today approved the sale of the Company to Algonquin Power & Utilities Corp. A spokesperson said, “Ascendant Group Limited, a publicly traded provider of energy and energy-related services, today announced that at the special general meeting of the shareholders... Read more of this article
