FORESIGHT ENTERPRISE VCT PLC LEI: 213800MWJNR3WZZ3ZP42 Publication of an Offer Document
11 NOVEMBER 2026
The board of the Company (Board) is pleased to announce the launch of a new offer for subscription (Offer) to raise up to £20 million through the issue of new shares (Offer Shares). The Offer will provide shareholders and new investors with a further opportunity to invest in the Company and benefit from the VCT tax reliefs available to qualifying investors.
The Offer will open for applications at 9.00 a.m. on 18 November 2026 and will close for applications at 12.00 noon on 31 March 2027 (or, if earlier, as soon as the Offer is fully subscribed or otherwise at the Board’s discretion). Unless the Offer timetable is extended at the discretion of the Board, the Offer will not be open in respect of the 2027/2028 tax year.
The additional funds raised will allow the Company to maintain liquidity levels to take advantage of investment opportunities, maintain its dividend policy, make market purchases of its own shares and support its running costs. Full details of the Offer are set out in the offer document issued by the Company today (Offer Document).
Foresight Group LLP (Foresight) is acting as the promoter to the Offer and will be paid a fee equal to 2.5% (as reduced by any relevant discounts) of the amount subscribed by Retail Client Investors, Professional Client Investors and Execution-Only Investors (as each term is defined in the Offer Document) and 4.5% (as reduced by any relevant discounts) of the amount subscribed by Direct Investors (as defined in the Offer Document), (Promoter’s Fee). Additional costs (financial intermediary commission and adviser commission) may apply to non-Direct Investors (as detailed in the Offer Document). The maximum fee payable, if all investors were Direct Investors, would be £900,000. In consideration of the Promoter’s Fee, Foresight has agreed to meet all costs, expenses and charges of, or incidental to, the Offer (other than financial intermediary commissions and adviser charges).
Foresight, as manager to the Company, is a related party of the Company for the purposes of the UK Listing Rules. The Promoter’s Fee constitutes a related party transaction (separately and when aggregated with other related party transactions with Foresight and their associates within the preceding 12 months) for the purposes of the UK Listing Rules and, as such, UK Listing Rule 8.2.1 (by virtue of UK Listing Rule 11.5) applies. The Board considers the Promoter’s Fee to be in line with market practice. The Board further considers the transaction is fair and reasonable as far as the shareholders of the Company are concerned and have been so advised by SPARK Advisory Partners Limited, the Company’s sponsor, who has provided the required written confirmation in accordance with UKLR 8.2.1R(3).
The price at which the Offer Shares are being made available is the most recently published net asset value of an existing share at the time of allotment plus associated Offer costs directly or indirectly incurred by an investor (including the Promoter’s Fee). As a result, the Offer is not expected to have any material dilutive effect on existing shareholders’ net asset value per share. The Offer Shares will rank pari passu with the existing shares in the Company from issue.
Further information will shortly be sent to registered shareholders in accordance with their communication preferences.
A downloadable version of the Offer Document is available from: www.foresightenterprisevct.com. Additionally, a copy is available free of charge, from the Company’s registered office at c/o Foresight Group LLP, The Shard, 32 London Bridge Street, London SE1 9SG or by calling Foresight on 0203 667 8181.
For further information, please contact: Company Secretary Foresight Group LLP Contact: Stephen Thayer Tel: 0203 667 8100
Investor Relations Foresight Group LLP Contact: Andrew James Tel: 0203 667 8181
SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period November 5, 2026 through November 11, 2026.
The repurchases were made under the EUR227 million share repurchase program announced on February 26, 2026 and effective from February 27, 2026. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period February 27, 2026 through November 11, 2026 can be found in the top half of the table below. Further detailed information regarding both the progress of the share repurchase program and all individual transactions can be accessed via the Investors section of the Company’s website.
Share Repurchase Program
Overall progress Share Repurchase Program:
Total Repurchase Amount
EUR 226,633,158
Cumulative Repurchase Amount
EUR 162,159,627
Cumulative Quantity Repurchased
4,759,291
Cumulative Average Repurchase Price
EUR 34.07
Start Date
February 27, 2026
Percentage of program completed as of November 11, 2026
71.55%
Overview of details of last 5 trading days:
Trade Date
Quantity Repurchased
Average Purchase Price
Settlement Amount
November 5, 2026
27,141
EUR 33.01
EUR 895,992
November 6, 2026
27,824
EUR 32.20
EUR 895,997
November 9, 2026
27,465
EUR 32.62
EUR 895,988
November 10, 2026
27,319
EUR 32.80
EUR 895,995
November 11, 2026
26,642
EUR 33.63
EUR 895,997
Total
136,391
EUR 32.85
EUR 4,479,969
All shares purchased via Euronext Amsterdam, CBOE DXE, Turquoise Europe and or Aquis Europe.
This press release contains information which is to be made publicly available under the Market Abuse Regulation (nr. 596/2014). The information concerns a regular update of the transactions conducted under SBM Offshore’s current share repurchase program, as announced by the Company on February 26, 2026, details of which are available on its website.
Corporate Profile
SBM Offshore is a global leader in deepwater ocean infrastructure, delivering floating production solutions across the full asset lifecycle—from design and construction to installation and operation. Supported by a global team of more than 8,000 professionals, the Company operates a long-term, asset-backed business model that delivers high-availability assets and predictable cash flows. SBM Offshore combines engineering expertise, operational reliability, and selective innovation to support safe, efficient, and lower-carbon energy production, while extending its capabilities into new opportunities across the blue economy.
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views, expectations and various assumptions regarding the financial and non-financial position of SBM Offshore N.V., anticipated developments and other factors, and involve known and unknown risks, dependencies and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2025 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore N.V. does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.
Data underpinning certain disclosures – particularly sustainability-related – may be subject to inherent limitations. These limitations include but are not limited to reliance on third party data providers whose data quality, completeness and integrity may differ; the use of estimates and assumptions where actual data is unavailable or incomplete; and dependencies on value chain partners for timely and accurate information provision. Methodologies, standards and regulatory requirements for measuring and reporting information—especially sustainability related information—continue to evolve. As a result, our measurement approaches and reported figures may be refined over time as more accurate, granular or standardized data becomes available. Accordingly, all data, and emissions data in particular, should be interpreted in light of these limitations and the ongoing maturation of sustainability reporting practices across our value chain.
This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half Year Management Report accompanying the Half Year Earnings 2026 report, available on our website Half Year Earnings – SBM Offshore.
Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
“SBM Offshore®“, the SBM logomark, “Fast4Ward®”, and “F4W®” and “Imodco®” are proprietary trade marks owned by SBM Offshore.
1 Based on the EUR/US$ forward exchange rate on February 18, 2026.
Magna targets 2-4% annual growth above market through 2030, with more than 90% of expected 2028 sales already booked
Next Gen Manufacturing
Magna expects to deploy data connectivity, automation and AI across facilities representing 70% of its sales by 2029
Growth supported by largely booked business, increasing vehicle content and a broader global customer base
Data, automation and AI expected to accelerate operational improvements and support continued margin expansion
Disciplined capital allocation supports investment for growth while continuing to return capital to shareholders
AURORA, Ontario, Nov. 11, 2026 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) earlier today held its 2026 Investor Day, The Power of Magna: Turning Enterprise Strength into Lasting Value, in New York City. At the event, the company detailed how it plans to deliver above-market organic sales growth and continued margin expansion through 2030, supported by largely booked business, deeper customer relationships, operational improvements and disciplined capital allocation.
The company’s new 2030 targets are compelling and include organic sales growth of 2-4% above market, Adjusted EBIT margin expansion of at least 200 basis points, and Adjusted EPS growth of 15% or more.
“Our strategy is clear, and it’s working,” said Swamy Kotagiri, Chief Executive Officer at Magna. “We’re confident in our growth outlook, supported by a significant level of booked business through 2028, a long runway for continued margin expansion and a balance sheet that gives us flexibility. Today was about showing investors how those pieces fit together and why we’re confident in the targets we’ve set.”
Growth That’s Already Taking Shape
Magna’s growth builds on capabilities and customer relationships already in place. Strong launch performance and quality open the door for Magna’s broader capabilities, expanding into additional product areas on platforms it already supplies. On one long-running SUV program, for example, Magna has increased content per vehicle from approximately $900 in 2010 to $4,800 today.
Magna is also broadening its customer base. Its consolidated sales in China have risen from approximately $500 million in 2010 to nearly $5 billion in 2025, with China-based automakers increasing from less than 20% to about 60% of Magna’s sales in the region. Magna is also supporting these customers as they expand into new regions.
Beyond its core automotive business, Magna also sees opportunities to selectively apply its manufacturing and engineering capabilities across a range of adjacent mobility and industrial markets, from established areas such as commercial vehicles to newer opportunities in warehousing, data centers and more.
Margin Expansion in the Early Innings
Magna is on track to expand Adjusted EBIT margin by approximately 190 basis points¹ from 2022 through 2026. Building on that progress, the company sees further margin opportunity through the Magna Business System and the expanded use of data connectivity, automation and AI, which it expects to deploy across facilities representing approximately 70% of its sales by 2029.
The Magna Business System provides a consistent approach to continuous improvement across the enterprise, helping Magna learn from what works, standardize proven practices and scale them more broadly.
“What we’ve delivered so far came from thousands of improvements made across our enterprise every day,” Kotagiri said. “Connecting our data and scaling what works lets us capture those gains faster and more consistently across the entire company.”
Disciplined Capital, Returned to Shareholders
Magna is on pace to generate approximately $5 billion¹ of free cash flow over the 2022–2026 period, while returning about $5.5 billion to shareholders through dividends and share repurchases. The company expects even greater free cash flow over the 2027-2030 period.
Magna recently completed its normal course issuer bid (NCIB) share buyback authorization approved in November 2025, with over 25 million shares repurchased over the past 12 months. It also renewed its NCIB earlier this month and intends to fully complete the repurchase of almost 26 million shares over the next 12 months.
“Our approach to capital allocation hasn’t changed,” said Phil Fracassa, Chief Financial Officer at Magna. “We invest where we can earn strong returns and return excess capital to shareholders, while keeping the balance sheet strong. As margins expand and earnings grow, that formula becomes even more powerful.”
A replay of Magna’s 2026 Investor Day webcast, presentation materials and supporting videos will be available at www.magna.com/company/investors.
¹Adjusted EBIT margin expansion and free cash flow from 2022 through 2026 are based on the midpoint of updated Outlook range disclosed on October 30, 2026.
ABOUT MAGNA Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets globally. With operations in 27 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality. For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
NON-GAAP FINANCIAL MEASURES
In addition to financial measures presented in accordance with U.S. GAAP, we also use Non-GAAP financial measures in this press release. We believe the Non-GAAP financial measures are useful in analysis of the Company’s financial position, results and targets. In particular, management believes that Adjusted EBIT and Adjusted diluted earnings per share are useful measures in assessing the Company’s financial performance by excluding certain items that are not indicative of the Company’s core operating performance. Management also believes that Free Cash Flow is a useful measure in assessing the Company’s ability to generate cash to maintain operations and repay its debt. Please refer to our Management’s Discussion and Analysis of Results of Operations and Financial Position for three and nine month periods ended September 30, 2026, as well as our press release dated October 30, 2026 for a reconciliation of Non-GAAP measures to their most comparable U.S GAAP measure. Non-GAAP financial measures do not have standardized meanings and may not be comparable to similar measures used by other companies in our industry. The presentation of Non-GAAP financial measures should not be considered in isolation, or as a substitute for the Company’s related financial results prepared in accordance with U.S. GAAP.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”). Any such forward-looking statements are intended to provide information about management’s current expectations and plans and may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as “may”, “would”, “could”, “should”, “will”, “likely”, “expect”, “anticipate”, “assume”, “believe”, “intend”, “plan”, “aim”, “forecast”, “outlook”, “project”, “potential”, “estimate”, “target” and similar expressions suggesting future outcomes or events to identify forward-looking statements. Unless otherwise indicated, all forward-looking statements in this presentation are made as at November 11, 2026, and are subject to change after that date.
The following table identifies the material forward-looking statements contained in this document, together with the material potential risks that we currently believe could cause actual results to differ materially from such forward-looking statements. Readers should also consider all of the risk factors which follow below the table:
Material Forward-Looking Statement
Material Potential Risks Related to Applicable Forward-Looking Statement
Light Vehicle Production
Light vehicle sales levels, including due to: – A decline in consumer confidence – Economic uncertainty – Elevated interest rates and availability of consumer credit – Deteriorating vehicle affordability
Tariffs and/or other actions that erode free trade agreements
Production deferrals, cancellations and volume reductions
Production and supply disruptions
Commodities prices
Availability and relative cost of skilled labour
Total Sales Organic Sales GoM Sales Mix Segment Sales
Same risks as for Light Vehicle Production above
Alignment of our product mix with production demand
Supply disruptions, including as a result of semiconductor and memory (DRAM) chip shortages
Customer concentration and growth in adjacent markets
Pace of EV adoption, including North American electric vehicle program deferrals, cancellations and volume reductions
Shifts in market shares among OEMs, vehicles and/or vehicle segments
Shifts in consumer “take rates” for products we sell
Same risks as for Total Sales and Segment Sales above
Execution of critical program launches
Operational underperformance
Product warranty/recall risks
Production inefficiencies
Unmitigated incremental tariff costs
Restructuring costs and/or impairment charges
Inflation
Ability to secure cost recoveries
Price concessions
Commodity cost volatility
Scrap steel price volatility
Equity Income ROIC
Same risks as Adjusted EBIT Margin above
Risks related to conducting business through joint ventures
Risks of doing business in foreign markets
Legal and regulatory proceedings
Changes in law
Share Repurchases Weighted Average Diluted Shares Outstanding
Same risks impacting Free Cash Flow above
Ability to repurchase shares for cancellation, including due to normal course issuer bid rules, trading blackouts, and other factors
Forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. While we believe we have a reasonable basis for making any such forward-looking statements, they are not a guarantee of future performance or outcomes. In addition to the factors in the table above, whether actual results and developments conform to our expectations and predictions is subject to a number of risks, assumptions, and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:
Macroeconomic, Geopolitical and Other Risks
geopolitical crises and military conflicts;
threats to free trade agreements;
international trade disputes;
planning and forecasting challenges;
interest rates and availability of consumer credit;
Risks Related to the Automotive Industry
pace of EV adoption;
North American EV program deferrals, cancellations and volume reductions;
risks related to the use of artificial intelligence;
Merger and Acquisition Risks
inherent merger and acquisition risks;
acquisition integration and synergies;
Other Business Risks
joint ventures;
intellectual property;
risks of doing business in foreign markets;
tax risks;
relative foreign exchange rates;
returns on capital investments;
financial flexibility;
credit ratings changes;
stock price fluctuation;
Legal, Regulatory and Other Risks
legal and regulatory proceedings; and
changes in laws.
In evaluating forward-looking statements or forward-looking information, we caution readers not to place undue reliance on any forward-looking statement. Additionally, readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements, including the risks, assumptions and uncertainties above which are:
discussed under the “Industry Trends and Risks” heading of our Management’s Discussion and Analysis; and
set out in our Annual Information Form filed with securities commissions in Canada, our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings.
Readers should also consider discussion of our risk mitigation activities with respect to certain risk factors, which can be also found in our Annual Information Form. Additional information about Magna, including our Annual Information Form, is available through the System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca, as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.
Zug, 11 November 2026 – Multitude AG, a listed European FinTech company, offering digital lending and online banking services to consumers, SMEs, and institutional clients, (“Multitude”) announces that Fitch Ratings has assigned the EUR 50 million Additional Tier 1 (AT1) notes (ISIN: NO0013771782) issued by Multitude Bank p.l.c., a wholly-owned subsidiary of Multitude AG, a final long-term rating of ‘B-’. The rating is in line with the expected rating of ‘B-(EXP)’ assigned on 6 November 2026.
Contact:
Adam Hansson Tönning Head of IR and Treasury Phone: +46733583171 E-Mail: adam.tonning@multitude.com
About Multitude AG:
Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, SMEs, and institutional clients, overlooked by traditional banks. The services are provided through three independent business units, which are served by the Multitude Growth Platform: Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank). Multitude Group employs over 700 people, offering services in 17 European countries. In 2025, the Group achieved a revenue of 257 million euros. Multitude was founded in Finland in 2005, is registered in Switzerland and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol ‘MULT’ (WKN: A40VJN, ISIN: CH1398992755). www.multitude.com
About Multitude Bank p.l.c.: Multitude Bank p.l.c. is a Malta-licensed credit institution and a subsidiary of Multitude AG. Regulated by the Malta Financial Services Authority (MFSA), the Bank provides digital banking services to individuals and businesses across Europe, including savings, financing and payment solutions. Its European banking licence enables it to provide services across the European Economic Area (EEA). Multitude Bank p.l.c. is registered under the laws of Malta with registration number C56251.
On 11 November 2026, Bigbank AS held a webinar introducing the public offering of its unsecured subordinated bonds in Estonia, Latvia and Lithuania.
During the webinar, Martin Länts, Chairman of the Management Board of Bigbank AS, and Argo Kiltsmann, Member of the Management Board, presented an overview of the Bigbank Group and its financial results, and introduced the terms and conditions of the public offering of unsecured subordinated bonds.
Further information about the public offering of subordinated bonds is available at: https://investor.bigbank.eu.
Bigbank AS would like to thank all participants for attending!
Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 30 September 2026, the bank’s total assets amounted to 4.0 billion euros, with equity of 321 million euros. Operating in nine countries, the bank serves more than 222,000 active customers and employs over 700 people. The credit rating agency Moody’s has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2.
European Energy A/S: Outlook 2026 guidance revised
COMPANY ANNOUNCEMENT 15/2026 (11.11.2026)
European Energy A/S revises its full-year 2026 EBITDA outlook from EUR 175–250 million to EUR 125–175 million.
The revision primarily reflects changes in the expected timing of project sales. Developments in transaction processes, including investors’ internal investment approvals, have shifted the expected completion of certain project sales from 2026 to the first half of 2027.
Operational assets included in the sales processes continue to generate power and contribute to European Energy’s earnings.
The revised outlook remains subject to the timing and completion of project sales during the remainder of 2026.
CINCINNATI, Nov. 11, 2026 (GLOBE NEWSWIRE) — The E.W. Scripps Company (NASDAQ: SSP) has promoted Christina Hartman to chief technology officer, effective immediately. Hartman will lead Scripps’ long-term technology strategy as the company builds a technology-powered media organization designed to connect Scripps and its brands with today’s consumers.
As chief technology officer, Hartman will oversee Scripps’ enterprise technology teams across digital product development, data systems and broadcast technology as well as software engineering, cybersecurity and responsible artificial intelligence. She will align technology with business strategy to strengthen how Scripps serves and grows its news, sports and entertainment businesses.
Hartman brings nearly 20 years of newsroom, editorial standards and product development experience to the role. She most recently served as vice president of emerging technology operations, aligning Scripps’ technology products with business outcomes and guiding Scripps’ work on enterprise AI implementation. Earlier in her Scripps career, Hartman helped steer the evolution of the digital video product Newsy into Scripps News, the company’s national streaming news network. She held several leadership roles at Scripps News, including head of news standards and vice president and head of the network. She began her career in media as a local TV producer.
Hartman will report to Laura Tomlin, Scripps’ chief transformation officer.
“Technology will play a central role in shaping the future of Scripps, from how we operate to how we innovate, compete and grow,” Tomlin said. “Christina brings a deep understanding of our business, strong leadership instincts and the ability to see what’s possible. I’ve watched her take on new challenges, bring people together and deliver results. She is the right person to lead our holistic technology capabilities and help shape where Scripps goes next.”
Hartman received a Bachelor of Arts degree from Texas A&M University-Corpus Christi and a master’s degree in journalism from the University of Missouri-Columbia.
About Scripps The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of about 60 stations in 40 markets. Scripps reaches households across the U.S. with national news outlet Scripps News and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is one of the nation’s largest holders of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”
Multitude AG: Leadership appointment in CapitalBox
Zug, 11 November 2026 – Multitude AG, a listed European FinTech company offering digital lending and online banking services to consumers, SMEs and institutional clients (“Multitude”, the “Company” or the “Group”), today announces a leadership appointment in CapitalBox, Multitude’s SME Banking business unit, effective 12 November 2026.
Jesse Kaislavuo will succeed Mantvydas Štareika as Tribe CEO of CapitalBox. Jesse currently serves as Head of Process Transformation and Automation at Multitude Group. In his role as Tribe CEO of CapitalBox, he will lead the next phase of development of the SME Banking business unit, with a strong focus on business transformation, automation, operational efficiency, profitable growth and the continued development of the customer proposition. As CapitalBox advances on its path back to profitability, disciplined execution and further efficiency improvements will be paramount to scaling the business sustainably and strengthening its long-term earnings profile. Jesse will join the Group’s Leadership Team.
Having worked closely with CapitalBox and across Multitude, Jesse brings strong knowledge of the business and the Group’s technology and operating platform. Prior to joining Multitude, he held several senior roles at OP Financial Group and has extensive experience in digital and organisational transformation. He was also recognised by Finnish business publication Talouselämä as one of Finland’s “35 under 35” business leaders.
With the changes effective 12 November, Mantvydas Štareika will transition from his role as Tribe CEO of CapitalBox to assume the role of Commercial Director, Real estate, in the Wholesale Banking business unit. Mantvydas led CapitalBox through an important phase of CapitalBox’s development, expanding its lending portfolio and building its secured lending capabilities. As part of the transition, Jesse will replace Mantvydas in the Group Leadership Team.
“Our focus in CapitalBox remains firmly on returning the business to sustainable profitability. The foundations for that transition have been built, and we are now focused on further refining the operating model, improving efficiency and positioning the business to scale profitably. Jesse Kaislavuo’s track record in financial-services transformation, combined with his strong knowledge of CapitalBox and Multitude Group, makes him well suited to lead the business at this stage of its development. I would also like to thank Mantvydas for what he has built at CapitalBox and look forward to further collaboration in his new role in Wholesale Banking” says Antti Kumpulainen, CEO of Multitude.
Contact:
Adam Hansson Tönning Head of IR and Treasury Phone: +46733583171 E-Mail: adam.tonning@multitude.com
About Multitude AG:
Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, SMEs, and institutional clients, overlooked by traditional banks. The services are provided through three independent business units, which are served by the Multitude Growth Platform: Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank). Multitude Group employs over 700 people, offering services in 17 European countries. In 2025, the Group achieved a revenue of 257 million euros. Multitude was founded in Finland in 2005, is registered in Switzerland and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol ‘MULT’ (WKN: A40VJN, ISIN: CH1398992755). www.multitude.com
About Capital Box:
CapitalBox is a European digital financing platform for small and medium-sized enterprises and is part of Multitude Group. Operating in Finland, Sweden, Denmark, Lithuania and the Netherlands, CapitalBox provides fast, flexible and transparent financing solutions designed to help SMEs manage working capital, support growth and respond to changing business needs. With a fully digital process and a strong focus on customer experience, CapitalBox helps entrepreneurs access financing efficiently and reliably. Fast SME Financing Across Europe | CapitalBox
About Wholesale Banking:
Wholesale Banking is Multitude Group’s institutional banking business, serving corporate borrowers, FinTech lenders and payment service providers across Europe through Multitude Bank. It offers Secured Debt and Payment Solutions designed to address complex financing and transaction needs, combining tailored structuring with Multitude’s credit, risk and regulatory expertise. Multitude Bank | European Banking Solutions for Individuals & Institutions | Multitude Bank
EVANSVILLE, Ind., Nov. 11, 2026 (GLOBE NEWSWIRE) — (NASDAQ: ONB)– Old National announced today that it has earned the 2027 Military Friendly® Employer designation, underscoring the company’s commitment to supporting veterans, service members and military families in the workplace.
“This Military Friendly® designation is more than an honor,” said Carrie Ellspermann, Old National’s Chief People Officer. “It reflects the contributions of the veterans, service members, and military-connected team members who make a difference at Old National every day. We deeply value their experience, leadership, and perspective, which enrich our culture and help us better serve our clients and communities.”
Supporting the Military Community through Old National’s Military Veterans Impact Network (MVIN) In addition to fostering a culture that thrives because of the contributions of its former and current military members, Old National Bank’s Military Veterans Impact Network (MVIN) brings together team members who are passionate about honoring and supporting veterans, service members, and their families. Through volunteer opportunities, events and shared experiences, MVIN members help build connection, community, and meaningful support across the company.
More than 1,200 companies participated in the Military Friendly® survey, with organizations evaluated using public data sources and responses to a proprietary survey. Methodology, criteria, and weightings were determined by Military Friendly®, in consultation with the Military Friendly® Advisory Council, a group of independent leaders in the military recruitment community. Final ratings were determined by combining an organization’s survey score with an assessment of the organization’s ability to meet and exceed thresholds for Recruitment, New Hire Retention, Employee Turnover, and Promotion & Advancement of veterans and military employees.
“These organizations don’t just open doors for veterans, spouses, and service members; they build pathways for lasting impact,” said Kayla Lopez, Vice President of Memberships, Military Friendly®. “Their commitment isn’t performative; it’s transformative. It’s proof that honoring military talent is not only the right thing to do, it’s the smart thing to do.”
Old National Bank will be showcased in the upcoming Military Friendly® Employers Guide in the Winter issue of G.I. Jobs® magazine and on MilitaryFriendly.com.
Military Friendly® is the standard that measures an organization’s commitment, effort, and success in creating sustainable and meaningful benefits for the military community. More than 2,900 organizations compete for Military Friendly® designation annually. A service-disabled, veteran-owned small business, Military Friendly® is not affiliated with or endorsed by the U.S. Department of Defense or the federal government. Results are produced via a rules-based algorithm. The data-driven Military Friendly® lists and methodology can be found at https://www.militaryfriendly.com/mfcguide/.
ABOUT OLD NATIONAL Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $74 billion of assets and $41 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2026, Points of Light named Old National to “The Civic 50” for the third consecutive year – an honor recognizing the 50 most community-minded companies in the United States – and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.
Media Relations: Rick Vach (904) 535-9489 rick.vach@oldnational.com
RYE, N.Y., Nov. 11, 2026 (GLOBE NEWSWIRE) — The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $1.01 per share cash distribution payable on December 30, 2026, to common shareholders of record on November 23, 2026.
Shareholders who are not members of the Fund’s Automatic Dividend Investment Plan will be given the option to receive the distribution either in cash or in beneficial shares of the Fund. The distribution is taxable to shareholders whether or not they choose to receive cash.
The expiration date of the option is December 15, 2026. Shareholders who do not make an election will receive the distribution in beneficial shares.
The number of shares that holders will be entitled to receive under the share option will be determined on December 16, 2026, either on the basis of the closing market price of the Fund’s beneficial shares or its net asset value, whichever is lower on that date.
The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies.
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and with income that exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Bethany Uhlein (914) 921-5546
About Ellsworth Growth and Income Fund Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $201 million in total net assets. ECF invests primarily in convertible securities and common stock with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long-term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).
