Latest news with #sharebuyback
Yahoo
7 hours ago
- Business
- Yahoo
FLSmidth announces share buy-back programme of up to DKK 1.4 billion
COMPANY ANNOUNCEMENT NO. 11-2025 FLSmidth & Co. A/S 20 June 2025 Copenhagen, Denmark FLSmidth & Co. A/S ('FLSmidth') today announces a share buy-back programme of up to DKK 1.4 billion to be completed before the next Annual General Meeting, which is expected to be held on 24 March 2026. This marks the company's first share buy-back programme since company's decision to initiate a share buy-back programme is supported by a significantly stronger and more stable financial performance (ref. Company Announcement no. 8-2025). Through strategic portfolio optimisation, our order backlog has over the past years undergone a material de-risking, with a shift toward more resilient, higher-margin technology and service offerings and reduced exposure to volatile or non-strategic projects. The decision is furthermore supported by the recently announced divestments of the Cement business (ref. Company Announcement no. 10-2025) and corporate headquarters in Valby, Copenhagen (ref. Company Announcement no. 9-2025). While pursuing value-accretive investments remains an important strategic focus point for FLSmidth, the Board of Directors continues to prudently balance additional investments in growth with returning value to shareholders. Given the substantial headroom to the company's targeted leverage ratio (ref. Company Announcement no. 8-2025), the Board of Directors sees an opportunity to return capital to the company's shareholders while still maintaining the ambition to pursue attractive growth opportunities. The share buy-back programme is carried out with the objective of adjusting the capital structure of FLSmidth and to meet obligations arising from share-based incentive programmes. Accordingly, any shares repurchased under the share buy-back programme that are not intended to cover obligations related to the company's share-based incentive programmes are ultimately intended to be proposed for cancellation at a General Meeting following the completion of the share buy-back share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors at the Annual General Meeting on 2 April 2025, allowing the company in the period until the next Annual General Meeting to be held in 2026 to acquire its own shares up to an aggregate nominal amount corresponding to 10 percent of the company's share capital. The consideration must according to the authorisation not deviate by more than 10% from the official price quoted on Nasdaq Copenhagen at the time of acquisition. Prior to the commencement of the share buy-back programme, FLSmidth held a total of 567,002 shares, corresponding to 0.98 percent of the company's share capital, as treasury shares. The share buy-back programme will be executed in accordance with Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse (MAR) (as amended) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the 'Safe Harbour Regulation'). FLSmidth has appointed BNP Paribas to manage the programme. The manager will make all trading decisions independently of and without involving of the share buy-back programmeThe share buy-back programme commences on Wednesday 25 June 2025 and will end no later than Friday 20 March 2026. Under the share buy-back programme, FLSmidth may repurchase shares up to a maximum amount of DKK 1.4 billion, and no more than 4,600,000 shares, corresponding to approximately 8 percent of the share capital of the company. The shares bought back on each trading day may not exceed 25 percent of the average daily trading volume over the 20 trading days preceding the date of purchase. Shares acquired under the share buy-back programme may not be bought at a price exceeding the higher of (i) the share price of the last independent transaction, and (ii) the highest independent bid on the shares on the trading venue where the transaction is executed. Further, shares may not be bought at a price deviating by more than 10% from the official price quoted on Nasdaq Copenhagen at the time of acquisition. FLSmidth will be entitled to suspend the share buy-back programme at any time. Should the share buy-back programme be suspended, FLSmidth will announce this in a Company Announcement and the manager will stop buying back shares in the market. In accordance with the Safe Harbour Regulation, FLSmidth will as a minimum for every 7th trading day issue an announcement in respect of transactions made under the share buy-back programme. Contacts: Investor RelationsAndreas Holkjær, +45 24 85 03 84, andh@ Denholt, +45 21 69 66 57, jli@ MediaJannick Denholt, +45 21 69 66 57, jli@ FLSmidth FLSmidth is a full flowsheet technology and service supplier to the global mining industry. We enable our customers to improve performance, lower operating costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining by 2030. We work within fully validated Science-Based Targets, have a clear commitment to improving the sustainability performance of the global mining industry and aim to become carbon neutral in our own operations by 2030. Attachment FLSmidth Company Announcement no. 11-2025Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Conclusion of share buyback programme in Tryg - Transactions in connection with share buyback programme
On 04 December 2024, Tryg A/S ('Tryg') announced that the Board of Directors had decided to initiate a share buyback programme of up to DKK 2.0 billion. The share buyback programme is executed in accordance with EU Market Abuse Regulation, EU Regulation no. 596/2014 of 16 April 2014 and the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the 'Safe Harbour Regulation'). The share buyback programme will end no later than 30 June 2025. Transactions made under the share buyback programme will be announced through Nasdaq Copenhagen on a weekly basis. The following transactions have been executed in the period 16 June 2025 to 19 June 2025: Number of shares Avg. purchaseprice, DKK Transaction value, DKK 16 June 2025 100,000 164.72 16,472,000 17 June 2025 100,000 164.31 16,431,000 18 June 2025 90,000 165.01 14,850,900 19 June 2025 80,360 164.42 13,212,791 Accumulated for the period 370,360 60,966,691 Accumulated under the programme 12,921,893 1,999,998,741 Detailed information on all transactions under the share buyback programme during the period is included in the attached appendix. Following the above transactions, Tryg owns a total of 8,298,578 treasury shares corresponding to 1.357% of the total share capital. The DKK 2.0 billion share buyback programme has thereby been concluded as per 19 June 2025. Contact information: Gianandrea Roberti, Head of Financial Reporting, SVP +45 20 18 82 67, Robin Hjelgaard Løfgren, Head of Investor Relations, +45 41 86 25 88, Peter Brondt, Investor Relations Director +45 22 75 89 04, Visit Attachment Weekly report on share buyback programme 16 June 2025 - 19 June 2025Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Siili Solutions Plc: Share Repurchase 19.6.2025
Siili Solutions Plc Announcement 19.6.2025 Siili Solutions Plc: Share Repurchase 19.6.2025 In the Helsinki Stock Exchange Trade date 19.6.2025 Bourse trade Buy Share SIILI Amount 951 Shares Average price/ share 6,2874 EUR Total cost 5 979,32 EUR Siili Solutions Plc now holds a total of 15 949 shares including the shares repurchased on 19.6.2025 The share buybacks are executed in compliance with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052. On behalf of Siili Solutions Plc Nordea Bank Oyj Sami Huttunen Ilari Isomäki Further information: CFO Aleksi Kankainen Email: Tel. +358 50 584 2029 Attachment SIILI 19.6.2025 TradesError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
a day ago
- Business
- Associated Press
Base Carbon Announces Renewal of Normal Course Issuer Bid
TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (together, with affiliates, 'Base Carbon', or the 'Company'), announced today that Cboe Canada has accepted the Company's renewed normal course issuer bid ('NCIB') to purchase, for cancellation, up to 6,659,310 of Base Carbon's common shares ('Shares'). The Company will renew its NCIB program for the third consecutive year beginning on June 23, 2025, as the Company's current normal course issuer bid will end on June 20, 2025. Under the current NCIB, as of June 17, 2025, the Company had purchased 7,127,736 Shares at a weighted average price of $0.4722 representing 94.1% of 7,571,314 Shares authorized for purchase and cancellation under the current NCIB program. In total, since beginning of its strategy of repurchasing Shares, the Company has repurchased 19,245,694 Shares at an average price of $0.4567 which represents a reduction of 15.1% of Shares outstanding since June 17, 2022. Pursuant to the renewed NCIB, Base Carbon may purchase over a period of 12 months beginning on June 23, 2025, and ending June 22, 2026, up to 6,659,310 Shares representing approximately 6.4% of the 104,324,986 issued and outstanding Shares and 10% of the Company's public float as of June 17, 2025. On any given day during the new NCIB program, Base Carbon may purchase up to 69,082 Shares which is equivalent to 25% of the average daily trading volume of 276,330 for the previous six months, which excludes purchases made under the current NCIB. Block trades for a greater number of Shares may be made once per calendar week. Purchases under the NCIB may commence as of June 23, 2025 and will end on the earlier of: (i) June 22, 2026; or (ii) the date on which Base Carbon has purchased the maximum number of Shares which may be acquired under the NCIB. The purchases made will be done in accordance with the rules of Cboe Canada, through the facilities of Cboe Canada or through alternative Canadian trading systems. The actual number of Shares which will be purchased, and the timing and price of such purchases will be determined by the Company in accordance with Cboe Canada's Listing Manual and guidelines. Shares purchased under the NCIB will be returned to treasury for cancellation. The Board of Directors of the Company believes that the market price of the Shares may from time to time not reflect the underlying value of Base Carbon, including its growth opportunities, and that the proposed purchasing of its Shares through the NCIB is in the best interests of the Company and represents an appropriate use of corporate funds. The Company has also entered into an automatic share purchase plan ('ASPP') with a broker in order to facilitate repurchases of Shares pursuant to the NCIB. During the effective period of Base Carbon's ASPP, Base Carbon's broker may purchase Shares at times when the Company would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by the Company's broker based upon parameters set by the Company when it is not in possession of any material non-public information about itself and its securities, and in accordance with the terms of the ASPP. Outside of the effective period of the ASPP, Shares may continue to be purchased pursuant to Base Carbon's discretion, subject to applicable law. The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws. About Base Carbon Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit Media and Investor Inquiries Base Carbon Inc. Investor Relations Tel: +1 647 952 3979 E-mail: [email protected] Media Inquiries E-mail: [email protected] Wes Fulford, President, and Ryan Hornby, Chief Legal Officer are responsible for this press release. Cautionary Statement Regarding Forward Looking Information This press release contains 'forward-looking information' within the meaning of applicable securities laws with respect of the Company, including but not limited to, statements relating to the purchase of Shares under the NCIB and the focus of Base Carbon's business. In some cases, but not necessarily in all cases, forward-looking information may be identified by the use of forward-looking terminology such as 'expects', 'anticipates', 'intends', 'contemplates', 'believes', 'projects', 'plans' or variations of such words and similar expressions or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Statements about, among other things, the purchase of Shares under the NCIB and Base Carbon's strategic plans are all forward-looking information. These statements should not be read as guarantees of future performance, results, or achievements. Although management believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking information are based upon reasonable assumptions and expectations, readers should not place undue reliance on forward-looking information because it involves assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking information. The forward-looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company's control, which could cause actual events or results to differ materially and adversely from those reflected in the forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made tothe management discussion and analysis for the Company's fiscal year ended December 31, 2024 andthe most recent Annual Information Form on file with the Canadian provincial securities regulatory authorities (and available for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Argaam
a day ago
- Business
- Argaam
Seera board recommends 10% share buyback
Seera Group Holding 's board of directors recommended the repurchase of up to 10% of the company's ordinary shares following the completion of the capital cut, announced earlier today, June 19. According to a statement to Tadawul, these shares will be retained as treasury shares since the board believes the stock is currently undervalued compared to its fair value. The number of shares to be repurchased amounts to approximately 26.92 million, the statement noted, adding that the transaction will be funded through the company's own resources. The company said that this proposal is pending shareholders' approval and is subject to meeting all regulatory conditions. Additionally, the company affirmed that it will comply with the solvency requirements, as per the solvency report issued by the company's external auditor. The repurchased shares shall not have voting rights at general meetings, the statement added. Seera's board further recommended an 8.65% capital cut, or 8.65 shares for every 100 shares held, by canceling 25.95 million ordinary treasury shares. This includes approximately 2.03 million ordinary shares allocated to the company's employee stock program. Treasury shares currently account for 8.8% of total shares. Following the proposed cancellation, treasury shares would represent approximately 0.18% of the company's share capital.
