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Share buyback programme - week 36
Globenewswire· 2025-09-08 06:38
Core Viewpoint - The company, Ringkjøbing Landbobank, has initiated a share buyback program with a total budget of up to DKK 1,000 million, aiming to repurchase a maximum of 1,600,000 shares from June 2, 2025, to January 30, 2026 [1][2]. Summary by Sections Share Buyback Program Details - The share buyback program is compliant with EU regulations, specifically EU Commission Regulation No. 596/2014 and EU Commission Delegated Regulation No. 2016/1052, which provide a "Safe Harbour" for such transactions [2]. - As of the latest announcement, a total of 301,300 shares have been repurchased at an average price of DKK 1,413.31, amounting to DKK 425,829,252 [2]. - The total number of shares repurchased under the program from January 28, 2025, to May 28, 2025, was 414,200 shares at an average price of DKK 1,207.12, totaling DKK 499,988,706 [2]. - Overall, the bank has repurchased 715,500 shares, representing 2.82% of its share capital [2]. Transaction Details - The transactions conducted on September 1, 2025, included the purchase of 4,500 shares on multiple occasions at prices ranging from DKK 1,441.90 to DKK 1,451.91, contributing to the total repurchase under the program [2][4]. - Detailed transaction records indicate multiple purchases throughout the day, with varying volumes and prices, reflecting active management of the buyback program [4][5][6][7][8][9][10][11][12][13].
The automotive industry accelerates toward a software-driven future, with revenue share expected to double during the next decade
Globenewswire· 2025-09-08 06:30
Core Insights - The automotive industry is transitioning towards a software-driven future, with 92% of organizations expecting to become software companies to support Software Defined Vehicles (SDVs) and software-driven mobility (SDM) services [1][2] - Software-defined products and services are anticipated to become the core value proposition for over 80% of automotive organizations [1] Industry Transformation - Less than half of automotive organizations have scaled their SDM initiatives as of 2025, with only 34% partially scaling and 14% achieving full deployment [2] - Decoupling hardware and software is essential for innovation and scalability, yet only 10% of original equipment manufacturers (OEMs) have made significant progress in this area [3] Strategic Partnerships - Nearly 40% of automotive organizations are partnering with big tech companies for software and data capabilities, with a third planning joint ventures within three years [5] - 84% of organizations are exploring new supplier markets for resilience, while 70% are focusing on in-house development of key components [5] Revenue Projections - Software-defined products and mobility services are projected to contribute over 50% of OEMs' total revenue by 2035, doubling their current share [6] AI Integration - 85% of organizations view AI as integral to automotive software, enhancing in-vehicle experiences and safety features [7] - AI integration is seen as a critical competitive advantage, with 77% of organizations recognizing its importance in reshaping the automotive value chain [8] Organizational Overhaul - 86% of organizations believe that a shift to SDM requires a complete overhaul of their organizational model, including new processes and skill sets [10] - A unified software platform is identified as a key component of the SDM strategy by 83% of organizations [10]
Ovidijus Martinonis has been appointed the new CEO of Tetas
Globenewswire· 2025-09-08 06:30
Group 1 - The Board of Tetas has appointed Ovidijus Martinonis as the CEO for a five-year term starting on September 15, 2025 [1] - EPSO-G owns 100% of Tetas and consists of the management company EPSO-G and six subsidiaries [2] - The Ministry of Energy of the Republic of Lithuania exercises the rights and obligations of the sole shareholder of EPSO-G [2]
Changes in the Management Board of Coop Pank AS and in the Supervisory Boards of its Subsidiaries
Globenewswire· 2025-09-08 06:15
Company Leadership Changes - Arko Kurtmann has been appointed as the new Chairman of the Management Board of Coop Pank, effective from 8 September 2025, for a term of 3 years [1] - Lehar Kütt will take over as the new Head of Corporate Banking and a member of the Management Board, also starting on 8 September 2025, for a duration of 3 years [2] Strategic Goals and Challenges - The Chairman of the Supervisory Board, Rainer Rohtla, emphasized that Kurtmann will lead the bank's strategy for the next five years, aiming for ambitious goals in the Estonian banking market [4] - Kurtmann acknowledged a decline in profit for the second consecutive year, attributing it to external interest rate conditions, and expressed the need to increase revenues and cut costs to reverse this trend [5] Financial Performance and Share Value - Coop Pank's current share price is €1.9, which is below book value, despite the bank quadrupling its profit over the last five years while the share price only doubled [6] - The bank aims to double its profit to enhance its value, which is expected to positively impact the share price [6] Company Background - Coop Pank is one of the five universal banks in Estonia, serving 219,300 everyday banking clients and leveraging synergies between retail and banking [9] - The strategic owner of Coop Pank is Coop Eesti, a domestic retail chain with a network of 320 stores across Estonia [9]
Texaf: INTERIM MANAGEMENT REPORT
Globenewswire· 2025-09-08 06:00
Core Insights - TEXAF celebrates its 100th anniversary, marking a significant milestone in its operational history [1] - The company reports a sustained growth in recurring half-year operating profit, achieving an increase of 8.0% [1] Financial Performance - The recurring half-year operating profit reached a notable figure, reflecting the company's strong performance in its operational activities [1] - The 8.0% growth indicates a positive trend in profitability, showcasing effective management and operational efficiency [1]
New milestone for RIBER in silicon photonics with a ROSIE order in the United States
Globenewswire· 2025-09-08 06:00
Core Insights - RIBER has received a new order for its ROSIE system from a US-based customer specializing in quantum computing, marking a significant milestone in the development of this technology [2][3] - The ROSIE system is fully automated, compatible with 300 mm silicon wafers, and designed for the growth of thin oxide layers, particularly barium titanate (BTO), which is essential for integrated electro-optic modulators [2][4] - This order aligns with RIBER's strategic roadmap and highlights the increasing momentum in silicon photonics solutions, crucial for advancing quantum technologies [4] Company Overview - RIBER, founded in 1964, is a global leader in molecular beam epitaxy (MBE) equipment for the semiconductor industry, providing both equipment and technical support to optimize performance [5] - The company plays a vital role in the development of advanced semiconductors used in various applications, including information technologies, photonics, and quantum computing [5] - RIBER is recognized as an innovative company by BPI France and is listed on the Euronext Growth Paris market [5]
Cerence AI Develops Mobile Work AI Agent, Integrating Microsoft 365 Copilot Into Cars to Enable Safer, Smarter Work on the Go
Globenewswire· 2025-09-08 06:00
Core Insights - Cerence Inc. is launching a new mobile work AI agent in collaboration with Microsoft, designed to enhance safe and secure work experiences in vehicles through voice-first access to Microsoft 365 Copilot and other applications [2][4][10] - The AI agent will utilize Cerence's xUI platform, enabling seamless integration with automotive systems and proactive orchestration of tasks, thereby improving user experience while minimizing distractions [2][5][7] Collaboration and Technology - Since early 2024, Cerence AI has been working with Microsoft to implement automotive-grade solutions, allowing users to access ChatGPT via Microsoft Azure OpenAI [3] - The collaboration has benefited various automotive OEMs, including Renault, Volkswagen, and Audi, by combining Cerence's expertise with Microsoft's cloud and AI capabilities [3] Addressing Distracted Driving - The new mobile work AI agent aims to tackle the issue of distracted driving, which is linked to smartphone use while driving, by providing a hands-free, voice-first experience [4][5] - The AI agent will adjust its functionality based on the user's context, whether they are driving, parked, or in an autonomous vehicle, to enhance safety [7][8] User Experience and Features - Users will be able to draft messages, manage calendars, and receive daily overviews through natural conversation with the AI agent [6][7] - The agent will learn user preferences over time, allowing for a more personalized experience, such as pausing conversations during certain parts of a journey [6] Enterprise Integration - The mobile work AI agent will integrate with Microsoft Intune, transforming vehicles into managed, secure devices that provide compliant access to Microsoft 365 tools [8] - This integration will create a premium experience for automakers, enhancing customer loyalty and differentiating their offerings in the market [9] Market Position and Future Outlook - Cerence AI's technology has been implemented in over 525 million cars, showcasing its leadership in creating AI-powered automotive experiences [12] - The collaboration with Microsoft is expected to optimize work-life balance for users, allowing them to manage their tasks effectively while ensuring safety [10]
SHELL PLC SECOND QUARTER 2025 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS
Globenewswire· 2025-09-08 06:00
Core Points - Shell plc announced the second quarter 2025 interim dividend of US$0.358 per ordinary share, equivalent to €0.3068 or 26.62p for shareholders who elected to receive dividends in euros or pounds sterling respectively [1][2] - The dividend payments will be made on September 22, 2025, to shareholders registered by August 15, 2025 [4] Dividend Payment Details - Shareholders can elect to receive dividends in US dollars, euros, or pounds sterling, with the election deadline being September 1, 2025 [2][3] - For those without a valid election, dividends will be paid in euros for shares held through Euroclear Nederland and in pounds sterling for other shareholders [3] Currency Conversion - The euro and pounds sterling dividends were converted from US dollars based on average market exchange rates from September 3 to September 5, 2025 [4]
Changes in Siili’s management team
Globenewswire· 2025-09-08 05:50
Changes in Siili’s management team Siili Solutions Plc Stock exchange release 8 September 2025 at 8:50 EEST Siili Solutions Plc (“Siili” or “company”) announced 12 August 2025 that it will renew its operational model and organization to be more in line with the Siili Group strategy and customer needs created by the AI transformation. As part of the organizational change Siili has appointed Markku Savusalo (VP, Digital Engineering), Jaakko Aatola (VP, Strategy & Partners) and Marton Heves (CEO, Supercharge K ...
Announcement of public offering of shares of Nordic Fibreboard AS
Globenewswire· 2025-09-08 05:45
Core Viewpoint - Nordic Fibreboard AS is conducting an additional public offering of its shares exclusively for existing shareholders, who will receive pre-emptive subscription rights based on their current holdings [1][3]. Offering Details - The offering includes up to 4,000,000 shares, allocated according to subscription orders, with a preference for existing shareholders based on their pre-emptive rights [2]. - The offering period starts on 12 September 2025 and ends on 26 September 2025, with a share price set at EUR 0.50, comprising EUR 0.10 as book value and EUR 0.40 as share premium [4][5]. - If the total subscriptions exceed the available shares, allocation will be proportional to pre-emptive rights, and the Supervisory Board will make final decisions on any discrepancies [2][3]. Important Dates - Key dates include the start of the offering on 12 September 2025, the end on 26 September 2025, announcement of results around 30 September 2025, and the first trading day expected on 15 October 2025 [5]. Subscription Process - Investors must submit subscription orders through their account operators managing their Nasdaq CSD securities accounts, with specific details required for the order [6][7]. Company Overview - Nordic Fibreboard AS is a holding company based in Estonia, primarily engaged in the production and wholesale of building materials through its subsidiary Nordic Fibreboard Ltd OÜ [8].