Posts Tagged ‘#financenews’

Parkland Corporation Announces the Results of the 2021 Annual General Meeting of Shareholders

CaribPR Wire, CALGARY, Alberta, May 04, 2021: Parkland Corporation, (”Parkland”, “We”, the “Company”, or “Our”) (TSX:PKI) held its annual General meeting of shareholders on May 4, 2021 (the “Meeting”).

The Company is pleased to announce that all nine of the nominees listed in its management information circular dated March 2, 2021 (the “Information Circular”) were elected as directors of the Corporation and PricewaterhouseCoopers LLP was reappointed as Parkland’s auditor at its annual general meeting of shareholders held today (the “Meeting”).

The results of these votes, as well as the results for the other items of business considered at the Meeting are set out below:

Resolution 1

Election of directors of Parkland for the ensuing year.

Nominee Votes For %For Votes Withheld %Withheld
John F. Bechtold 79,789,479 91.67% 7,254,202 8.33%
Lisa Colnett 83,878,189 96.36% 3,165,492 3.64%
Robert Espey 86,099,921 98.92% 943,760 1.08%
Timothy Hogarth 86,682,577 99.59% 361,104 0.41%
Jim Pantelidis 82,676,070 94.98% 4,367,611 5.02%
Domenic Pilla 83,550,992 95.99% 3,492,689 4.01%
Steven Richardson 83,715,080 96.18% 3,328,601 3.82%
David A. Spencer 84,397,735 96.96% 2,645,946 3.04%
Deborah Stein 83,692,650 96.15% 3,351,031 3.85%

Resolution 2

The reappointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of Parkland for the fiscal year ending December 31, 2021.

Votes For 87,006,198 99.58%
Votes Withheld 369,171 0.42%

Resolution 3

The approval, on a non-binding and advisory basis, of Parkland’s approach to executive compensation as more particularly set forth and described in the Information Circular.

Votes For 83,129,244 95.50%
Votes Against 3,914,437 4.50%

Voting results for all matters have been posted on SEDAR.

About Parkland Corporation

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

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Parkland announces strong 2021 first quarter results and outlines 2025 growth ambition

CaribPRWire, CALGARY, Alberta, May 03, 2021: Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today its financial and operating results for the three months ended March 31, 2021 (”Q1 2021″). Highlights include:

  • Adjusted EBITDA attributable to Parkland (”Adjusted EBITDA”) of $314 million, up 64 percent year-over-year. Despite continued COVID-19 impacts, we benefited from lower costs, continued strong per unit fuel margins and Company C-store same-store sales growth (”SSSG”) in Canada, U.S. acquisition growth, solid performance in International and higher utilization at the Burnaby refinery.
  • Net earnings attributable to Parkland of $31 million, or $0.21 per share, basic, an increase of $110 million relative to prior year.
  • Cash flow from operations fully funded capital expenditures, acquisitions and net dividend payments in the quarter.
  • Combined Operating and Marketing, General and Administrative (”MG&A”) costs of $331 million, $52 million lower than prior year, reflecting disciplined cost management and the variability in our cost structure.
  • Total Funded Debt to Credit Facility EBITDA ratio of 3.0 times as of March 31, 2021.
  • Further enhanced financial flexibility through an amended credit facility agreement (maturing 2026) and refinanced senior notes maturing in 2024, 2025 and 2026 with new senior notes maturing in 2029. These actions reduce average annual interest costs by approximately $20 million and extend our nearest senior note maturity to 2027.

“We delivered a strong start to the year and have high confidence in our 2021 outlook,” said Bob Espey, President and Chief Executive Officer. “In addition to strong underlying business performance, we progressed our enterprise-wide organic growth initiatives, announced or closed five transactions, significantly enhanced our financial flexibility and lowered annual interest costs. We are well-positioned to advance our ambitious growth strategy and sustainability journey.”

Q1 2021 Segment Highlights

  • In Canada, fuel margins, convenience store sales and lower costs in our retail and commercial business lines drove Adjusted EBITDA of $116 million, up $14 million relative to Q1 2020. Company C-Store SSSG was 5.5 percent, our 21st consecutive quarter of growth. We maintained retail market share, benefited from enhanced digital pricing capabilities and surpassed 1.8 million JOURNIE™ Rewards members.
  • In International, enhanced logistics, shipping optimization and the continued benefit of cost control initiatives supported Adjusted EBITDA of $67 million, in-line with Q1 2020. This strong operational execution offset lower tourist activity and an approximate $4 million negative impact from a weakened U.S. dollar.
  • In USA, Adjusted EBITDA of $20 million was up $4 million relative to Q1 2020, benefiting from acquisitions announced during the fourth quarter of 2020, our growing supply advantage and national accounts growth. This was partially offset by reduced oil and gas activity in our Northern ROC, lower marine activity in the Southeast ROC and a weaker U.S. dollar.
  • In Supply, Adjusted EBITDA of $136 million was up $94 million relative to Q1 2020, primarily driven by Burnaby composite refinery utilization of 91 percent, (31 percent in Q1 2020 due to the scheduled turnaround). Supply benefited from co-processing initiatives and blending optimization at the Burnaby refinery coupled with solid performance from our integrated logistics business.
  • Corporate Adjusted EBITDA expense of $25 million, down $11 million relative to Q1 2020, driven by lower realized foreign exchange impacts and disciplined cost management.

$2 billion ambition

Our growth platform is stronger than ever and we have a proven track record of value creation. Underpinned by our disciplined approach to capital allocation, the key pillars of our strategy remain fundamental to our ambition for $2 billion of run-rate Adjusted EBITDA by the end of 2025:

Grow Organically
Robust pipeline of organic growth opportunities in retail, commercial and supply, across all our geographies. Organic growth is supported by strong brands, customer value proposition, loyalty programs and digital insights.

Acquire Prudently & Integrate
Depth of high-quality consolidation opportunities across all of our geographies. Together with our disciplined approach, established integration capabilities and synergy capture, we are well-positioned to add incremental value to acquisitions.

Strong Supply Advantage
Leverage our growing scale, product diversity and capital light infrastructure to enhance margins. Continue to invest in safe and reliable operations and renewable fuel manufacturing at our Burnaby refinery.

One Parkland
Powering journeys and energizing communities through our common values and behaviours. Safe, reliable and local customer service underpinned by organizational capability and a performance driven culture.

“As we continue to meet our customers’ mobility needs, we see growth opportunities across multiple business lines and geographies,” added Espey. “In addition to what has made us successful over the past decade, we see opportunity to grow our renewable fuel business while harnessing our existing network to provide electric vehicle charging options.”

2021 Investor Day

Parkland will host an investor day the morning of November 16, 2021. The event will be held in Toronto, Ontario (level of in-person attendance to be determined) and simultaneously webcast with video, for those unable to attend in-person. Members of Parkland’s leadership team will provide updates on our long-term growth initiatives, renewable fuel and electric vehicle charging opportunities, capital allocation and financial outlook. Registration and other details will be provided closer to the date.

Our Sustainability Journey

As we advance our sustainability journey, we will provide regular updates on our environmental, social and governance efforts as part of our normal disclosure process. Recent highlights include:

  • Plan to publish our next Sustainability report in Q4 2021. This disclosure will build upon our inaugural report and will contain an overview of our enterprise-wide sustainability strategy, including GHG emissions reduction targets.
  • Continued to increase our renewable fuel manufacturing capability at the Burnaby refinery, co-processing a record 25 million litres of bio-feedstocks during the quarter. We are on track with our 2021 co-processing target of 100 million litres (equivalent effect of taking over 80,000 passenger vehicles off the road).
  • On March 1, 2021, we launched a ‘carbon offset’ reward option as part of our JOURNIE™ Rewards program to help our customers offset their own emissions. In the first 30 days, over 23,000 Carbon offsets were selected by JOURNIE™ members with the value directed toward a landfill gas capture and utilization project in Niagara, Ontario, removing the equivalent of more than 3,000 tons of CO2 from the atmosphere. This project helps create healthier communities and promotes sustainable management of greenhouse gases.
  • Parkland is committed to diversity at all levels of the organization. The Board of Directors has adopted a written diversity policy which sets a target for women to occupy at least 30 percent of Board seats and executive officer positions by 2023, and 2025, respectively. Women currently occupy 22 percent of Board seats and 20 percent of executive officer positions.

Year-to-date acquisitions

  • In January 2021, we completed the acquisition of two Midwest U.S. LPG terminals to expand our integrated logistics business and enhance our overall LPG supply optionality.
  • In February 2021, we completed the acquisition of the assets of Story Distributing Company and its affiliates (collectively “Story”). Story is a retail and commercial fuel business based in Bozeman, Montana, which expands our presence in the Montana and Idaho-based markets.
  • In March 2021, we completed the acquisition of a residential and commercial LPG distributor in St. Maarten which further supports our LPG growth strategy in the International segment.
  • In April 2021, we completed the acquisition of Conrad & Bischoff Inc. and its related companies (collectively, “C&B”). This acquisition establishes our fourth U.S. ROC, strengthens our supply advantage and adds a high-quality retail network to our portfolio. Please see our press release dated February 26, 2021 for more information regarding the acquisition.
  • In April 2021, we signed an agreement for the purchase of an aviation business and associated infrastructure with operations in Puerto Rico. The acquisition includes operations at two International airports in Puerto Rico, including the Luis Munoz Marin International Airport, which is the busiest in the Caribbean region. This acquisition expands our presence in the well-diversified Puerto Rico market and unlocks positive network effects for our regional aviation portfolio. The transaction is expected to close by the end of the second quarter of 2021.

Consolidated Financial Overview

($ millions, unless otherwise noted) Three months ended March 31,
Financial Summary 2021 2020 2019
Sales and operating revenue(1) 4,233 4,316 4,215
Fuel and petroleum product volume (million litres)(1) 5,536 5,908 5,336
Adjusted gross profit(2) 665 593 697
Adjusted EBITDA including non-controlling interest (”NCI”) 337 214 339
Adjusted EBITDA attributable to Parkland (”Adjusted EBITDA”)(2) 314 191 315
Canada(3) 116 102 117
International 67 67 71
USA(4) 20 16 11
Supply(4) 136 42 143
Corporate (25 ) (36 ) (27 )
Net earnings (loss) 38 (74 ) 91
Net earnings (loss) attributable to Parkland 31 (79 ) 77
Net earnings (loss) per share – basic ($ per share) 0.21 (0.53 ) 0.53
Net earnings (loss) per share – diluted ($ per share) 0.20 (0.53 ) 0.52
Dividends 47 45 43
Per share 0.3053 0.3002 0.2951
Weighted average number of common shares (million shares) 150 148 145
Total assets 9,592 9,446 8,998
Non-current financial liabilities 4,311 4,376 4,269

(1) Certain amounts within sales and operating revenue and fuel and petroleum product volumes were restated and reclassified to conform to the presentation used in the current period.
(2) Measure of segment profit and Non-GAAP financial measures. See Section 14 of the MD&A.
(3) For comparative purposes, information for the year ended December 31, 2019 was restated due to a change in segment presentation. Canada Retail and Canada Commercial, formerly presented separately as individual segments, and the Canadian distribution business, formerly presented in Supply, are now included in Canada, reflecting a change in organizational structure in 2020.
(4) For comparative purposes, information for previous periods was restated due to a change in segment presentation. The supply and trading business in the United States, formerly presented in the Supply segment, is now included in the USA segment, reflecting a change in organizational structure in the first three months of 2021.

Conference Call and Webcast Details

Parkland will host a webcast and conference call on Tuesday, May 4, at 6:30am MDT (8:30am EDT) to discuss the results. To listen to the live webcast and watch the presentation, please use the following link:

https://produceredition.webcasts.com/starthere.jsp?ei=1450915&tp_key=c49f8f1250

Analysts and institutional investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0605 (toll-free) (Conference ID: 83343797). International participants can call 1-587-880-2171 (toll) (Conference ID: 83343797).

Please connect and log in approximately 10 minutes before the beginning of the call.

The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca.

MD&A and Consolidated Financial Statements

The Q1 2021 MD&A and Q1 2021 Financial Statements provide a detailed explanation of Parkland’s operating results for the three months ended March 31, 2021. An English version of these documents will be available online at www.parkland.ca and SEDAR after the results are released by newswire under Parkland’s profile at www.sedar.com. The Q1 2021 French MD&A and Q1 2021 French Financial Statements will be posted to www.parkland.ca and SEDAR as soon as they become available.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives and strategies, Parkland’s ambition to generate run-rate Adjusted EBITDA of $2 billion by 2025 and the key strategic pillars underpinning such ambition, Parkland’s 2021 Adjusted EBITDA and maintenance and capital expenditures guidance, expected benefits to be derived from acquisitions, potential future acquisition opportunities, potential growth in Parkland’s renewable fuels business, Parkland’s ability to harness its existing retail network to meet our customer’s mobility needs, including with respect to electric vehicle charging options, Parkland’s robust pipeline of organic growth opportunities, potential projects to extend Parkland’s supply advantage, expected Burnaby refinery utilization rates, and Parkland’s ability to advance its growth agenda.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to, general economic, market and business conditions, including the duration and impact of the COVID-19 pandemic; Parkland’s ability to execute its business strategies, including without limitation, Parkland’s ability to consistently identify accretive acquisition targets and successfully integrate them, successfully implement organic growth initiatives and to finance such acquisitions and initiatives on reasonable terms; Parkland’s ability to grow its supply advantage by leveraging its scale and infrastructure; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 30, 2020, and “Forward-Looking Information” and “Risk Factors” included in the Q1 2021 MD&A dated May 3, 2021 and the Q4 2020 MD&A dated March 4, 2021, each filed on SEDAR and available on the Parkland website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Non-GAAP Financial Measures

This news release refers to certain non-GAAP financial measures that are not determined in accordance with International Financial Reporting Standards (”IFRS”). Distributable cash flow, distributable cash flow per share, adjusted distributable cash flow, adjusted distributable cash flow per share, total funded debt to credit facility EBITDA ratio, dividend payout ratio, adjusted dividend payout ratio and growth and maintenance capital expenditures attributable to Parkland are not measures recognized under IFRS and do not have standardized meanings prescribed by IFRS. Management considers these to be important supplemental measures of Parkland’s performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. See Section 14 of the Q1 2021 MD&A for a discussion of non-GAAP measures and their reconciliations to the nearest applicable IFRS measure.

Adjusted EBITDA and adjusted gross profit are measures of segment profit. See Section 9 and Section 14 of the Q1 2021 MD&A and Note 13 of the Q1 2021 FS for a reconciliation of these measures of segment profit. Investors are encouraged to evaluate each measure and the reasons Parkland considers it appropriate for supplemental analysis.

In addition to non-GAAP financial measures, Parkland uses a number of operational KPIs, such as SSSG and refinery utilization, to measure the success of our strategic objectives and to set variable compensation targets for employees. These KPIs are not accounting measures, do not have comparable IFRS measures, and may not be comparable to similar measures presented by other issuers, as other issuers may calculate these metrics differently. See Section 14 of the Q1 2021 MD&A for further details.

Tons of CO2 equivalent removed from the atmosphere resulting from the JOURNIE™ Rewards ‘carbon offset’ reward option is based on 23,000 carbon offset selections at a price of $3.50 per ton of CO2.

Investors are cautioned that these measures should not be construed as an alternative to net earnings determined in accordance with IFRS as an indication of Parkland’s performance.

About Parkland Corporation

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

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Parkland announces date of 2021 first quarter results and virtual Annual General Meeting

CaribPR Wire, CALGARY, Alberta, April 15, 2021: Parkland Corporation (“Parkland”) (TSX:PKI) expects to announce its 2021 first quarter results after markets close on Monday, May 3, 2021. A conference call and webcast will then be held at 6:30 a.m. MDT (8:30 a.m. EDT) on Tuesday, May 4, 2021, to discuss the results.

To listen to the live webcast and watch the presentation, please use the following link:
https://produceredition.webcasts.com/starthere.jsp?ei=1450915&tp_key=c49f8f1250

Analysts and institutional investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0605 (toll-free) (Conference ID: 83343797).

Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca.

Financial Statements and Management’s Discussion and Analysis will be posted to www.parkland.ca and SEDAR after the results are released.

Virtual Annual General Meeting
Parkland will hold its 2021 Annual General Meeting of shareholders in a virtual-only format. The virtual-only meeting will be conducted via live audio webcast online on Tuesday, May 4, 2021, at 9:00 a.m. MDT (11:00 a.m. EDT).

All Shareholders will be able to attend the live virtual meeting. Information for shareholders is posted in Parkland’s Management Information Circular available at www.parkland.ca and under Parkland’s profile at www.sedar.com.

About Parkland
Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Click Here for More Information »

Parkland Announces Closing of Senior Unsecured Notes Offering

CaribPR Wire, CALGARY, Alberta, April 13, 2021: Parkland Corporation (“Parkland”) (TSX:PKI) announced today the closing of its previously announced private offering (the “offering”) of US$800 million aggregate principal amount of 4.500% senior unsecured notes due 2029 (the “notes”).

Parkland will use the net proceeds of the offering to redeem all of its 6.000% senior notes due 2026 in the aggregate principal amount of US$500 million, to redeem the remaining C$200 million of its 5.625% senior notes due 2025 in the aggregate principal amount of C$500 million not already called for redemption and repay certain amounts outstanding under its revolving bank credit facility.

The notes were offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and offered and sold outside the United States to a non-U.S. person pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any of these notes, except as required by law, nor shall there be any offer or sale of the notes in any state, or jurisdiction in which such offer, solicitation, or sale would be unlawful. This news release is neither an offer to purchase nor a solicitation of an offer to sell any of the 6.000% senior notes due 2026 or the 5.625% senior notes due 2025 and this press release shall not constitute a notice of redemption in respect therefor.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward -looking statements”). When used in this news release the words “may”, “will”, “would” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to the use of proceeds from the offering, the redemption of the 6.000% senior notes and the 5.625% senior notes and the repayment of certain amounts outstanding under Parkland’s revolving bank credit facility.

No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. See the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 5, 2021 and in “Forward-Looking Information” and “Risk Factors” in the management’s discussion and analysis for the year ended December 31, 2020, dated March 4, 2021, which are filed on SEDAR and available on the Parkland website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

About Parkland Corporation

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Click Here for More Information »

Parkland Announces US$800 Million Offering of Senior Unsecured Notes

CaribPR Wire, CALGARY, Alberta, March 29, 2021: Designated News Release – Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today a private offering of US$800 million aggregate principal amount of senior unsecured notes (the “Offering”). The notes will bear interest at 4.500% per annum and are due October 1, 2029.

Parkland intends to use the net proceeds of the Offering to (i) redeem on April 14, 2021 all of the outstanding US$500 million aggregate principal amount of its 6.000% senior notes with a final maturity date of April 1, 2026, (ii) redeem on May 10, 2021 the remaining C$200 million of its C$500 million aggregate principal amount of 5.625% senior notes with a final maturity date of May 9, 2025 not already called for redemption (with conditional redemption notices for such redemptions issued today), and (iii) repay certain amounts outstanding under its revolving bank credit facility.

The notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may be offered and sold outside the United States to a non-U.S. person pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any of these notes, nor shall there be any offer or sale of the notes in any state, or jurisdiction in which such offer, solicitation, or sale would be unlawful. This news release is neither an offer to purchase nor a solicitation of an offer to sell any of the 6.000% senior notes or the 5.625% senior notes and this press release shall not constitute a notice of redemption in respect thereof.

Forward-Looking Statements

Certain information included herein is forward-looking. Many of these forward looking statements can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “projected”, “anticipates”, “estimates”, “continues”, “objective” or similar words and include, but are not limited to, statements regarding the completion of the Offering, the use of proceeds of the Offering and statements regarding the redemptions for the 6.000% senior notes and the 5.625% senior notes. Parkland believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

The forward-looking statements contained herein are based upon certain assumptions and factors including, without limitation: historical trends, current and future economic and financial conditions, and expected future developments. Parkland believes such assumptions and factors are reasonably accurate at the time of preparing this press release. However, forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties some of which are described in Parkland’s annual information form dated March 5, 2021 (the “AIF”) and other continuous disclosure documents. Such forward-looking statements necessarily involve known and unknown risks and uncertainties and other factors, which may cause Parkland’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward looking statements. Such factors include, but are not limited to, risks associated with: closing of the Offering and effecting the Redemptions since they are conditional on closing of the Offering; failure to obtain any necessary consents and approvals required to complete the Offering; failure to complete the Offering and Redemptions; and general economic, market and business conditions; and other factors, many of which are beyond the control of Parkland. There is a specific risk that Parkland may be unable to complete the Offering and the Redemptions in the manner described in this press release or at all. If Parkland is unable to complete the Offering and/or Redemptions, there could be a material adverse impact on Parkland and on the value of its securities. Readers are directed to, and are encouraged to read, Parkland’s management discussion and analysis for the year ended December 31, 2020 (the “MD&A”) and the AIF, including the disclosure contained under the heading “Risk Factors” therein (including COVID-19 related risk factors). The MD&A and AIF are available by accessing Parkland’s profile on SEDAR at www.sedar.com and such information is incorporated by reference herein.

Any forward-looking statements are made as of the date hereof and Parkland does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new information, subsequent or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

About Parkland Corporation

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Click Here for More Information »

PaySett Corporation And Credicomer Announce New Real Time Payments (RTP) Initiative

The RTP solution PayExpedite® will allow the financial institution to extend its payment offerings to small and medium size businesses (SMBs) in El Salvador

ATLANTA and SAN SALVADOR, El Salvador, Dec. 1, 2020 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation a global provider of ePayment solutions and Credicomer announced today the start of the implementation of a new RTP platform based on the ISO 20022 standard which will be part of the UNI RTP payments network in El Salvador.

www.paysett.com

SMBs are a major economic force in El Salvador. Over 90% of businesses in the country are SMBs and this sector generates over 60% of all jobs. For SMBs the speed of the payment is critical given the challenges they face in cash forecasting to insure proper liquidity for the smooth operations of their businesses.  Being able to receive payments 24 hours and on non-business days allows for better inventory controls and less needs for short term high interest loans to support their operations. It is also critical for SMBs to be able to pay their employees and vendors in a timely manner. Jesus Garcia VP of Business Development for PaySett explains “The flexibility of our PayExpedite® platform will allow Credicomer to expand their payments services to SMBs via multiple channels/devices. SMB’s working with Credicomer will be able to efficiently process their account receivables faster allowing for a more efficient use of their financial capital.  We see great potential in this new partnership with Credicomer in assisting SMB’s with The Way Money Moves®“.

“Since Credicomer came to the scene its main focus has been to empower the business segment with innovative technology tools to help organizations improve their operations, thus allowing the segment to meet the needs of its markets. To us it was critical to have the backing of a vendor with a great deal of experience in real time payments so that we can offer our client base an assortment of services in different platforms and digital channels that will allow them to perform inter-bank funds transfers, credit their own accounts as well as third party accounts efficiently and securely” mentioned Roger Avilez, Credicomer’s General Manager.

To find out how PaySett can help your organization improve its payments operations contact us at [email protected]

About PaySett Corporation

Atlanta, Georgia based PaySett Corporation is a global provider of payment software solutions. PaySett provides products/services to assist global financial entities to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advance payment software for assisting global banks with the capability to enhance their regional and global payment network processing capabilities.  Fifteen of the top twenty global banks process payments through PaySett software.

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Standard International Group Advises on $193M in Financing for St. Maarten’s Princess Juliana International Airport Terminal Reconstruction

Leading NYC-based boutique financial advisory brings three decades of experience providing innovative solutions for the Caribbean’s
most pressing infrastructure challenges

CaribPR Wire, New York, NY , Mon. November 30, 2020: Standard International Group, a leading New York City-based boutique financial advisory firm with a focus on revitalizing critical infrastructure projects across the U.S. Municipal, Caribbean, and West Africa, announced the completion of $193M in financing for St. Maarten’s Princess Juliana International Airport (PJIAE) Terminal Reconstruction. André Wright, Executive Vice President of Standard International Group, made the announcement.

On behalf of St. Maarten and Princess Juliana International Airport, Mr. Wright advised on the $50M loan from The European Investment Bank (EIB) and $50M grant from The World Bank, for a total of $100M in investment capital combined with $22M from the Government of St. Maarten in the form of liquidity support. Mr. Wright also ensured the project received a maximum insurance claim payout of $71M by introducing Willis Towers Watson to serve as insurance advisory services provider.

Princess Juliana International Airport is among the busiest airports in the North Eastern Caribbean, serving St. Maarten, St. Martin, Saba, St. Eustatius, Anguilla, and St Barthélemy and is the engine of St. Maarten’s economy, serving over 1.8 million passengers and employing over 1,000 local residents each year.

Following the destruction from hurricane Irma, Princess Juliana International Airport required massive remediation and reconstruction. Standard International Group provided end-to-end advisory, from creating the financial models, structuring the plan of finance, liaising with current bondholders and providing rating agency advisory, with a vision of success and prosperity for this important project. The new airport design will feature security improvements and is expected to surpass its past performance. Terminal reconstruction is slated to commence in 2021.

For over 20 years, Standard International Group has worked collaboratively with St. Maarten leadership to create transformative solutions that improve the bottom line and local economy. During this period, Standard International Group has provided financial advisory for a variety of infrastructure advancements, including the original Princess Juliana International Airport transaction (2004), several financial advisory and capital raises for the St. Maarten electricity company (GEBE), cruise port facilities, shopping and real estate development, and other projects. With a long history of working with government leadership and multiple investment teams, Standard International Group was able to successfully complete these projects and ensure positive results for all stakeholders.

“Investing in better infrastructure, solutions for climate change and the wellbeing of local communities is a major priority across the Caribbean, but it is often a difficult process,” stated Mr. Wright. “Standard International Group specializes in securing financing for complex infrastructure projects, creating win-win situations for investors as well as communities.”
About Standard International Group

Standard International Group is an independent financial advisory boutique that emphasizes service and innovation. Founded by André Wright in 1996, Standard International Group focuses on revitalizing critical infrastructure projects across the U.S. Municipal, Caribbean, and West Africa. Mr. Wright brings a decade of Wall Street experience and over thirty years of financial advisory and investment banking expertise to some of these regions’ most pressing infrastructure problems. Standard International Group does business where others either cannot or are not willing to go. The firm’s financial advisory services are built around comprehensive financial and credit analysis, local knowledge and industry expertise with a focus on creating transformative solutions and successful outcomes. Standard International Group creates and shares opportunities with global investors, delivers debt and equity capital to sovereign and municipal governments and corporations, all while emphasizing the importance of positive results on a local level. For more information, please visit www.sig-usa.com.—

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Mastercard Survey Shows Consumers Are Now Placing More Value on Family, Health and Mental Well-Being than Before COVID

The survey shows results about the essential aspects of Latin Americans’ lives after quarantine.
The new Mastercard campaign seeks to support consumers and small businesses as they return to a new normal.

CaribPR Wire, MIAMI, Oct. 08, 2020: Latin America and the Caribbean are entering a new reality: many countries are reopening their borders, governments are easing distance measures, and non-essential businesses are opening to the public again.

During this new phase, Mastercard announced its new regional campaign, “Lo Esencial” (The Essentials) to highlight those everyday moments that became essential after COVID-19. The campaign will provide consumers and local businesses with safe shopping experiences, tools, and education that help fulfill their everyday needs.

To develop this initiative, Mastercard conducted a survey in 13 countries throughout Latin America and the Caribbean including, Brazil, Mexico, Chile, Colombia, Argentina, and Peru, to better understand consumption and purchase habits after the period of confinement.

According to the “Lo Esencial” survey, 67% of Latin Americans surveyed said they have a greater appreciation for their family than before the quarantine. The survey also highlights an increased awareness of other essentials such as health (47%), taking personal time (41%), mental health (32%), and spending time with friends (26%).

As consumers engage in their return to a new normal, 6 out of 10 people (57%) plan to invest in the quality of their family experiences. Additionally, 46% of Latin Americans indicated their wish to support local businesses more in this return phase, than before the pandemic.

In terms of payment experiences, for purchases made in person as well as online, the essentials cited by consumers include, security (59%), speed (23%), and convenience (17%). Purchases with chip cards and contactless payments were the most popular options for payment. Furthermore, 62% of Latin Americans stated that they used a home shopping service during the quarantine. In fact, almost half of them (46%) said that they would continue to use this service in the future.

As a leader in the payments industry, Mastercard is committed to developing a global technology infrastructure and use its brand strength to positively impact society with safer, faster, and more efficient payment experiences. This new regional campaign reflects this commitment and seeks to highlight everyday moments that have become “The Essentials” (Lo Esencial) in the aftermath of the pandemic. The campaign will continue to provide unique shopping experiences, relevant consumer education, and tools to help society thrive.

“The pandemic helped us realize the importance of the everyday moments we lost and grew to miss as we all did our part to stay at home. The experience associated with getting our morning coffee, or meeting up with friends have a renewed level of appreciation, and the ability to recover these essential moments today is priceless,” said Roberto Ramirez Laverde, Senior Vice President of Marketing and Communications for Mastercard Latin America and the Caribbean. “This campaign seeks to help individuals welcome a new normal with a new sense of gratitude while also helping consumers and small businesses make them a reality as part of our role as the strategic partner for local businesses.”

About Mastercard (NYSE: MA)www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere, by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships, and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside our company. With connections across more than 210 countries and territories, we build a sustainable world that unlocks priceless possibilities for all.

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RBC opens registration for first global, virtual running event in its charitable Race for the Kids series

Participants are encouraged to run or walk their ‘virtual race’ independently to support 36 participating charity partners from 16 countries

TORONTO, Sept. 14, 2020 /PRNewswire-HISPANIC PR WIRE/ — Today, RBC opened registration for its first global and virtual charitable running event, as part of its signature Race for the Kids series. Fundraising from the event will benefit youth and children’s causes around the globe, with 36 charity partners that participants can elect to support. Facing the significant disruption of the COVID-19 pandemic, the youth-focused services provided by these charity partners are needed now more than ever.

Instead of a standard running event format, participants will enjoy an innovative virtual experience through the event’s online registration and fundraising website:

  • Registering for the event is free and open to all, regardless of geography, age, or running ability.
  • Participants can elect to support any of the participating 36 charity partners, regardless of where they are physically located.
  • Participants will be able to select their personal race distance and route in their local community (with no pre-determined race course).
  • Participants are encouraged to complete their run or walk independently or with family members (while observing local public health advice and government guidelines) over the October 17-18 weekend.
  • The event website integrates with many running apps, allowing participants to record and map their virtual run or walk.
  • Runner bibs, event posters, and completion certificates will be available for download through the event website.
  • Participants will also receive digital medals and recognition which can be shared on social media.

RBC’s goal for the event is to create ‘the world’s largest virtual family fun run,’ with all RBC employees, their family/friends, charity partner supporters, and members of the public invited to take part.

“The global pandemic has disrupted several aspects of our lives. For many young people, the crisis has negatively impacted their mental health and well-being, access to education, and employment opportunities,” said Dave McKay, President and Chief Executive Officer, RBC. “That’s why we’re taking our RBC Race for the Kids to a virtual format this year – to ensure we can continue to address these needs, supporting young people and their families facing these challenges. I want to thank our 36 charity partners for their ongoing dedication to youth in this critical year and am looking forward to Race weekend.”

Prior to 2020, RBC Race for the Kids events took place in 17 physical locations, including: Bahamas, Barbados, Calgary, Chicago, Hong Kong, Jersey, Kuala Lumpur, London, Montreal, New York, Ottawa, Seattle, St. Paul, Sydney, Toronto, Trinidad & Tobago, and Vancouver. Since its inception in 2009, the series has attracted more than 260,000 participants and raised over $57 million for youth and children’s causes around the world.

In addition to hosting this virtual event, RBC has committed $10.5 million to date towards food security, mental health, and strategic preparedness in response to the COVID-19 pandemic. In 2019, RBC donated $130 million to nearly 5,000 charitable organizations, globally.

To learn more about RBC Race for the Kids, its charity partners, or register for the virtual event, visit: www.rbcraceforthekids.com.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

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GM Sectec and Visa promote the adoption of secure payment technologies and practices in Latin America

SAN JUAN, Puerto Rico and MIAMI, June 18, 2020 /PRNewswire-HISPANIC PR WIRE/ – GM Sectec, a global leader in cybersecurity, and Visa, the world’s leader in digital payments, have announced the development of a virtual initiative – following a series of successful roadshows in Latin America in 2019 – where they will work together, with the objective of evangelizing, educating and guiding companies in the adoption of secure payment technologies and practices, taking into consideration the moment that we are living in worldwide due to the Coronavirus pandemic.

The COVID-19 health crisis is putting the world at risk. The impact on businesses, markets and economies is already beginning to be felt, and in business ecosystems the demand for strong measures to ensure business continuity is fundamental.

At a global level, the changes and challenges that companies have faced include adapting to new tele-working scenarios, unknown until only about three months ago, have created unique opportunities on all ends of the digital divide. For many large corporations, this option has become the norm and many have chosen to adopt it permanently, at least for the rest of 2020.

As a result, the number of people making electronic payments has multiplied, as shown by the recent Visa study which presented that more than 13 million of its cardholders made an e-commerce transaction for the first time in the first quarter of 2020, in key markets in Latin America and the Caribbean. This means that two out of every 10 active e-commerce cardholders are “new to e-commerce,” representing up to 14 percent of all active Visa accounts in key markets during this period.

“Our intention in developing our GM Sectec & Visa ‘PaySec Talks’ on the heels of our successful ‘PaySec Day’ Events throughout Latin America in 2019; is to promote the adoption of secure payment technologies and practices in concert with our Strategic Partner, Visa. Offering organizations and individuals who are working from home, the opportunity to learn about the tools, tactics and procedures they have available today to prevent multi-vector fraud and identity theft is a critical objective for all of us here at GM Sectec.” said Héctor Guillermo Martínez, President of GM Sectec.

Through the “PaySec Talks”, which will be held throughout July, in three sessions – English, Spanish and Portuguese – GM Sectec and Visa will be sharing better strategies and practices on how to maintain the security of their customers’ information and data when conducting electronic transactions.

“We have seen a pivotal change in consumer shopping behaviors as a result of the pandemic, which has rapidly reinforced the multiple benefits of e-commerce and contactless payments, as consumers prioritize health, safety and hygiene both at home and when out shopping,” said Eduardo Perez, Chief Risk Officer for Visa Latina America and the Caribbean.  ”Now is the time for issuers, acquirers and businesses to invest in quickly implementing payment services that consumers will increasingly demand during and as we overcome this situation.”

for this reason, we want through the PaySec Talks, to educate companies in Latin America, where e-commerce is a growing alternative, to ensure the safety of their customers and their business.”

The “PaySec Talks” will be held on July 2nd, 16th and 30th, to participate you just have to register through the following link: https://events.gmsectec.com/visagmsectec

About GM Sectec

GM Sectec offers innovative solutions and services in cybersecurity, governance, and compliance focused on managing digital risk. Its solutions are designed to detect advanced attacks and respond to them effectively, reducing business risk, fraud, and cybercrime. Founded in 1970 as General Computer Corporation and later as GM Group in the 1990s, GM Sectec has an extensive track record and experience in the management of policies and integrated processes of technologies and standards for data protection in payment system risk.  Its commitment to the principles of simplicity, innovation and customer success has made them the leading and fastest growing provider of security and technology in Latin America and the Caribbean. GM Sectec has been selected as one of the “Hot 150 Cybersecurity Companies to watch in 2020″ by Cybercrime MagazineTo learn more about GM Security Technologies, visit our website: www.gmsectec.com

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit  About Visavisa.com/blog and  @VisaNews.

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Mastercard Study Shows Consumers in LAC Make the Move to Contactless Payments

Consumers cite simplicity, cleanliness and speed through checkout experience as contactless payments booster

– Mastercard champions effort to raise limits for contactless payment transactions across Latin America & Caribbean

MIAMI, April 30, 2020 /PRNewswire-HISPANIC PR WIRE/ – During first quarter of 2020, as many countries imposed necessary restrictions on social distancing, a growing number of consumers in Latin America & Caribbean (LAC) turned to contactless payments for necessary purchases, a new Mastercard study shows. According to the survey, 35% of people in the region have increased their usage of contactless payments, citing simplicity, safety and cleanliness.

Consumer polling by Mastercard paints a picture of accelerated and sustained contactless adoption. This shift in consumer behavior is particularly clear at checkout as people express a desire for contactless cards and concerns over cleanliness and safety at the point of sale, according to the study. In fact, findings of the study show that the impact of social distancing and other safety guidelines on consumer payment behavior is extensive:

  • 56% of Latin Americans said they are more aware of dirtiness of cash.
  • 84% of Latin Americans believe contactless is a cleaner way to pay.

1.        Mastercard’s own initiatives, along with the intelligence of its technology, data analytics and investments in security, will continue to propel a world beyond cash. Already, more than half of consumers around the world (63%) are using cash less often, or not at all, since the pandemic began. The same is true in LAC, where on average 66% of consumers are using cash less often, or not at all:

  • 77% of Brazilians indicated that they are using cash less, or not at all, since the pandemic.
  • 61% of Colombians indicated that they are using cash less, or not at all, since the pandemic.
  • 68% of Costa Ricans indicated that they are using cash less, or not at all, since the pandemic.
  • 58% Dominican Republicans indicated that they are using cash less, or not at all, since the pandemic.

2.       Consumers are quickly appreciating the benefits of contactless payments with 79% across LAC finding them more secure when compared to keeping or paying with cash. Additionally, regional consumer polling by Mastercard indicated sustained contactless usage with consumers preferring the quick and efficient checkout experience.

  • 78% of Latin Americans indicated they will continue using contactless payments even after the pandemic is over.
  • The belief was even stronger among those under the age of 35, where 82% of this population indicated continued use post-COVID.

“As we all experience the first global pandemic in an age defined by the digitalization of our lives, contactless card payments have taken on a new urgency. It has been both encouraging and gratifying to see our partners throughout the LAC region adopt the changes and acceleration of contactless. The technology is available, and it’s clear that the change we are witnessing in consumer behavior is here to stay,” said Walter Pimenta, Senior Vice President, Products & Innovation, Mastercard Latin America and Caribbean.

Accelerating faster, cleaner, safer payments
Throughout the world, Mastercard has been spearheading the transition to contactless for more than 15 years, championing it as the simple, safe and fast way to pay. As a region with countries where contactless technologies are a newer experience, LAC has seen a rapid increase in infrastructure, with 75% of point of sale terminals ready to accept contactless transactions, and 60% of financial institutions issuing contactless-enabled cards.

In March, Mastercard led a move to increase the contactless payment limits across the LAC region as people looked for safer ways to pay in the wake of the COVID-19 pandemic. Today, four countries have already raised their contactless payment limits including, Colombia, Argentina, Dominican Republic and Costa Rica, with many others expected to follow soon. The initiative is in line with similar actions taking place around the world as health officials recommend social distancing and a growing number of merchants are encouraging consumers to pay with contactless instead of cash to avoid contact.

“As the spread of COVID-19 highlights the steadfast mindset for ‘contact-free’ environments and experiences in many aspects of our lives, the increased interest in contactless payments is far reaching. We believe in providing consumers with the freedom of choice in how they pay and peace of mind when they pay. With increased convenience and security, we look forward to expanding the contactless footprint more than ever before,” added Pimenta.

Contactless Payments Growth
As consumers increasingly seek out ways to quickly get in and out of stores without touching terminals, Mastercard data reveals over 40% growth in contactless transactions globally in the first quarter of 20201. Further, 80% of contactless transactions are under $25, a range that is typically dominated by cash. LAC, a less mature region when it comes to contactless penetration, saw exponential growth, with contactless transactions up 500% overall since March of last year.

While countries worldwide are at different stages of contactless card deployment and usage for daily shopping habits, Mastercard’s insights on grocery and pharmacy trends – two areas where many day-to-day essentials are being purchased – showed that nearly all regions experienced significant spikes in February and March. Further, reinforcing changing behaviors and consumer checkout preferences, Mastercard saw the number of contactless card payments at grocery stores and pharmacies grow twice as fast as non-contactless transactions globally2.

Notes to Editors:

1 Growth calculated as the percentage increase in contactless transactions compared to the percentage increase in non-contactless transactions, comparing March 2020 to March 2019, at Grocery and Pharmacy categories

2Growth calculated as the percentage increase in contactless transactions compared to the percentage increase in non-contactless transactions, comparing March 2020 to February 2020, at Grocery and Pharmacy categories

Survey Methodology

  • Online interviews of 17,000 consumers in 19 countries worldwide
  • 1,000 banked respondents per country in the US and Canada (North America); Australia, Singapore (Asia Pacific); UAE, Kingdom of Saudi Arabia, South Africa (Middle East and Africa); UK, Italy, France, German, Spain, Poland, Russia, the Netherlands (Europe).
  • 500 banked respondents per country in Brazil, Costa Rica, Dominican Republic, and Colombia (Latin America and the Caribbean)
  • Research conducted April 10-12, 2020
  • Nationally representative sample
  • Readable sample sizes of:
    • Gen Z/Millennials
    • Affluent [defined at a country level]
    • Contactless users
    • Primary shoppers
    • Those with high levels of concern about Covid-19

About Mastercard
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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Highgate Systems Appoints Kelley Gray as Managing Director

CaribPR Wire, MISSISSAUGA, Ontario, Nov. 22, 2019: Highgate Systems Inc. today announced that Kelley Gray, has been named interim Managing Director of Highgate Systems Inc., replacing Aldo Campodonico effective immediately.

After 3 years, Aldo and Highgate Systems Inc. have decided to part ways and we wish to thank Aldo for his contribution to Highgate Systems.

Reporting to Highgate’s Board of Directors, Kelley will focus on strategies and tactics in support of the company’s future global growth initiatives.

Kelley remarked, “My key to success has been built on a passion for building strong relationships and obtaining results through collaboration. I am very excited to have this opportunity to contribute to Highgate’s present and future growth.”

Barry Walsh, Highgate’s Chairman said, “On behalf of the management and staff at Highgate, I’d like to congratulate Kelley on her appointment to the leadership team and wish her every success in her new role.”

Kelley, brings over 25 years of technology experience in executive management roles for companies such as: Symcor, Manulife Canada, CGI, Bell and Sun Microsystems. Her diverse background in the area of information technology, financial services, telecommunications, and government will be an invaluable asset to Highgate Systems Inc.

In addition to her impressive professional qualifications and experience, Kelley maintains an interest in both professional and recreational sporting activities. She is an accomplished golfer, hockey player, softball player and bowler.

About Highgate
Highgate Systems Inc. is a trusted provider of fully integrated, end-to-end Banking solutions to the financial services industry. Founded in 1986, Highgate Systems, technological footprint and Clients spans across Canada, the U.S and the Caribbean. Highgate Systems Inc. is a proudly Canadian Company delivering cutting edge solutions to Commercial Bank, Development Banks and Credit Unions.

Highgate Systems nombra a Kelley Grey como Directora General Interina

CaribPR Wire MISSISSAUGA, Ontario, Nov. 27, 2019: Hoy, Highgate Systems Inc. (Highgate) anunció que Kelley Grey, fue nombrada Directora General Interina de Highgate, en reemplazo de Aldo Campodonico.

Después de tres años trabajando en conjunto, Aldo y Highgate decidieron emprender rumbos diferentes. Queremos agradecerle a Aldo por sus contribuciones a Highgate.

Kelley, que estará bajo la supervisión de la junta directiva de Highgate, se enfocará en estrategias para apoyar las futuras iniciativas de crecimiento global de la empresa.

Kelley destacó: “Mi clave para el éxito ha sido la dedicación para construir relaciones sólidas y obtener resultados a través de la colaboración. Estoy muy entusiasmada por tener esta oportunidad para contribuir al crecimiento de Highgate tanto en el presente como en el futuro”.

Barry Walsh, Presidente de Highgate, dijo: “En nombre de la Gerencia y el personal de Highgate, me gustaría felicitar a Kelley por su nombramiento y desearle mucho éxito en su nueva función”.

Kelley tiene más de 25 años de experiencia técnica en funciones de administración ejecutiva para empresas como: Symcor, Manulife Canadá, CGI, Bell y Sun Microsystems. Su experiencia integral en las áreas de tecnología de la información, servicios financieros, telecomunicaciones y Gobierno será un recurso invaluable para Highgate.

Además de sus impresionantes calificaciones profesionales y experiencia, Kelley mantiene un interés en actividades deportivas tanto profesionales como recreativas. Es una excelente jugadora de golf, de hockey, de softball y, además, de boliche.

Acerca de Highgate
Highgate Systems Inc. es un proveedor confiable de soluciones bancarias integradas punta-a-punta, para la industria de servicios financieros. Fundada en 1986, la tecnología y los clientes de Highgate Systems se extienden por Canadá, Estados Unidos y el Caribe. Highgate Systems Inc. es una empresa orgullosamente canadiense que ofrece soluciones de vanguardia a bancos comerciales, bancos de desarrollo y cooperativas de crédito.

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Global Financial Technology Provider Equisoft Appoints Ruben Veerasamy as Head of the Caribbean Region

MONTREAL, Oct. 30, 2019 /CNW Telbec/ - Equisoft, a leading global financial technology company providing advanced solutions for the insurance and wealth industries, today officially announced the appointment of Ruben Veerasamy as Senior Vice President, Caribbean.

Equisoft’s strategic objective is to diversify and accelerate their global expansion. The company has delivered significant strategic business value in the Caribbean market for more than 10 years, working with clients in Jamaica, The Bahamas, Bermuda and Trinidad, and is continuing to scale up rapidly. With the objective of developing a team dedicated to servicing Caribbean clients, the time has come to nominate a leader for the region.

Ruben has performed different delivery and sales roles at Equisoft for over 10 years. With over 20 years of experience in the IT industry, he brings a strong expertise in establishing and managing sustainable client, partner and employee relationships.

“Ruben’s ability to build connections and confidence has been instrumental in helping us develop a great reputation in the Caribbean over the years,” said Equisoft’s CEO, Luis Romero. “We already serve six companies with our insurance and wealth solutions, and we are shortlisted for multiple large opportunities in the region. Appointing a dedicated leader was the next logical step to make sure that we provide our customers with the level of support they are expecting from their technology partner.”

“Being active in the region since 2009, we have a deep understanding of the specific challenges that Caribbean insurers and financial institutions are facing, both from a business and technology standpoint,” said Ruben. “I’m looking forward to continuing to work closely with our customers to help them achieve their business goals.”

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced digital solutions in life insurance and wealth management. Recognized as a valued partner by over 50 of the world’s leading financial institutions in 15 countries, Equisoft offers innovative front-end applications, extensive back-office services and a unique data migration expertise. The firm’s industry-leading products include CRM, financial needs analysis, asset allocation, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s main global partner for the Oracle Insurance Policy Administration platform. With its business-driven approach, deep industry knowledge, state-of-the-art technology, and a growing team of over 400 specialized resources based in the USA, Canada, Latin America, South Africa and India, Equisoft helps financial institutions tackle any challenge in this new era of digital disruption. Website: equisoft.com

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The Cayman Islands Investment Group Ltd. Announces Availability of Cryptocay.ky

It’s Time to Trade in Paradise!

GEORGE TOWN, Cayman Islands, July 5, 2019 /PRNewswire/ — Today,  The Cayman Islands Investment Group Ltd. announced immediate availability of Cryptocay.ky, enabling traders of all levels of expertise to immediately register and use the Digital Asset Trading platform.

CryptoCay logo

“We are truly excited to release this platform to the world.” said Malcolm Hurlston, Chief Marketing Officer at The Cayman Islands Investment Group Ltd..

Many Countries, One Goal

Many consumers interested in the cryptocurrency world have showed keen interest in the latest platform coming to the shores of the Cayman Islands. Recent studies have shown that as the general media becomes more and more aware of cryptocurrency business, the Caribbean has been taking a closer look at the possibilities of Cryptocommerce.

“Cryptocay.ky is just the beginning of adaptation in the Caribbean,” continued Mr, Hurlston. “We want to become the central hub for everything crypto-related in the Caribbean. We at CIIG are dedicated to creating new products that benefit the investors and entrepreneurs of the future, including an ERC-20 based Money Transfer system!”

Cryptocay.ky Availability

Cryptocay.ky is immediately available for sign up today! Just visit www.cryptocay.ky. For more info on the Cayman Islands Investment Group Ltd., businesses and consumers can visit www.ciig.ky

Founded in 2018,  The Cayman Islands Investment Group is a Registered Company in the Cayman Islands. The company offers a wide range of products and services designed to develop the entrepreneurial economy of the Cayman Islands and beyond.

The Cayman Islands Investment Group Ltd. and Cryptocay.ky are either registered trademarks or trademarks of The Cayman Islands Investment Group Ltd. in the Cayman Islands and/or other countries.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

For more information on Cryptocay.ky: www.cryptocay.ky

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