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Notice to holders of deeply subordinated perpetual bonds, convertible into new shares or exchangeable for existing shares of Air France-KLM (ISIN FR001400DU47) (the “HC Bonds”)
Globenewswire· 2025-10-15 06:30
Core Points - Air France-KLM has decided to exercise its option for early redemption of all outstanding deeply subordinated perpetual bonds (HC Bonds) at a price of €100,000 plus accrued interest of €1,625, payable on November 24, 2025 [3] - Holders of the HC Bonds can still exercise their entitlement to receive new and/or existing shares of Air France-KLM until November 10, 2025, with a conversion ratio of 6,549.6463 ordinary shares per HC Bond [4] Summary by Sections - **Early Redemption Announcement** - The company will redeem all outstanding HC Bonds from the First Hard Call Date at a total redemption price of €101,625 per bond [3] - **Holders' Rights** - Bondholders retain the right to convert their bonds into shares until November 10, 2025, with a specified conversion ratio [4]
Valeura Energy Inc.: Türkiye Joint Venture Agreement
Globenewswire· 2025-10-15 06:30
Core Viewpoint - Valeura Energy Inc. has entered into a joint venture with Transatlantic Petroleum LLC to explore and develop hydrocarbons in the Thrace basin of northwest Türkiye, indicating a strategic focus on the deep gas play in the region despite a broader pivot towards the Asia-Pacific market [1][2][4]. Joint Venture Details - The joint venture allows Transatlantic to earn a 50% working interest in the deep rights held by Valeura and Pinnacle through two operations, including re-entry and testing of the Devepinar-1 well [3][7]. - Transatlantic will act as the contract operator for the venture, leveraging its experience in Türkiye, while Valeura remains the operator of record with the government [6][10]. Exploration and Development Plans - Valeura has a history of successful exploration in Türkiye, holding deep rights in various licenses covering a total of 955 km in the Thrace basin, with the current exploration phase set to expire on June 27, 2026 [4][5]. - The company previously identified multiple trillion cubic feet (Tcf) of gas in place across its lands, with successful gas flow from all tested zones during earlier drilling [2][5]. Upcoming Operations - The re-entry and testing of the Devepinar-1 well are expected to commence in Q4 2025, with Transatlantic covering the initial costs up to US$2 million [11][12]. - If the results from the Devepinar-1 well indicate a commercial discovery, Transatlantic will earn a 50% interest in the working rights held by Valeura and Pinnacle [10][12]. Technical Insights - Valeura's previous drilling and testing efforts have provided valuable insights, leading to the identification of a well location that could intersect high-quality reservoirs, potentially improving flow rates and minimizing decline [13][19]. - The Hanoglu-1 well location has been permitted for drilling and may serve as a fast-track opportunity for further exploration, contingent on the results from the Devepinar-1 well [13][19].
Falcon Oil & Gas Ltd. - Beetaloo Sub-basin - Completion of the three well batch drilling 2025 campaign
Globenewswire· 2025-10-15 06:10
Core Insights - Falcon Oil & Gas Ltd has successfully completed its largest drilling program in the Beetaloo Sub-basin, consisting of three wells in the 2025 campaign [2][3] - The campaign has resulted in a total of 12,000 metres (40,000 feet) of horizontal cased sections that will undergo fracture stimulation in the coming months [3][7] - Gas sales to the Northern Territory government are expected to commence in the second half of 2026 [3][7] Company Overview - Falcon Oil & Gas Ltd is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, primarily in Australia [8] - Falcon Oil & Gas Australia Limited is a subsidiary of Falcon Oil & Gas Ltd, holding approximately 98% ownership [8] Drilling Campaign Details - The three wells drilled in the 2025 batch campaign (Shenandoah South SS2-1H, SS2-3H, and SS2-5H) each feature a horizontal section of 3,000 metres (10,000 feet) [7] - The average time to reach target depth was 26.7 days, with drilling and casing completed within the forecasted 35 days [7] - Modifications to the mud system and the use of anti-vibration drilling bits improved drilling efficiency, achieving approximately 1,000 metres drilled in a day for the SS2-1H well [7] Future Plans - A stimulation plan for up to 60 stages across the SS2-5H well is scheduled for Q4 2025, with flow testing expected to last 30 days before the well is shut-in [7] - In H1 2026, three wells, including the second well from the 2024 drilling campaign, are anticipated to be stimulated ahead of gas sales [7] - All wells in the Shenandoah South Pilot Project are projected to deliver the contracted volume of 40 million cubic feet per day (MMcf/d) under the Gas Sales Agreement with the Northern Territory Government [7]
JLT Mobile Computers’ VERSO™ Series Rugged Computers Achieve Navis Validation for Port Operations
Globenewswire· 2025-10-15 06:00
Image available: pr@jltmobile.com Växjö, Sweden, 15 October 2025 * * * JLT Mobile Computers, a leading a leading supplier and developer of rugged computers for demanding environments, today announced the successful validation of its high-performance VERSO™ Series rugged vehicle-mount terminals (VMTs) for the latest major release of the Navis N4 Terminal Operating System (TOS). This dedicated validation follows JLT’s multi-year Navis Ready subscription agreement, first announced in 2019 and extended for an ...
Publishing of Suominen’s Interim Report January–September 2025 on October 29, 2025
Globenewswire· 2025-10-15 06:00
Suominen Corporation’s press release on October 15, 2025 at 9:00 a.m. (EEST) Suominen Corporation will publish its Interim report for January 1 – September 30, 2025 on Wednesday, October 29, 2025, at approximately 9:30 a.m. (EET). Charles Héaulmé, President & CEO, and Janne Silonsaari, CFO, will present the result in English in an audiocast and a conference call for analysts, investors, and media on the same day at 11:00 a.m. (EET). The audiocast can be followed at https://suominen.events.inderes.com/q3-202 ...
Offer Update - Utilisation of over-allotment facility
Globenewswire· 2025-10-15 06:00
15 OCTOBER 2025 NORTHERN 2 VCT PLC OFFER UPDATE – UTILISATION OF OVER-ALLOTMENT FACILITY Northern 2 VCT PLC (“the Company”) in conjunction with Northern Venture Trust PLC and Northern 3 VCT PLC (together with the Company known as “the Northern VCTs”), published a prospectus (“the Prospectus”) on 17 September 2025 in relation to offers of new ordinary shares for subscription in the 2025/26 tax year (“the Offers”). Following strong demand in the Company’s shares under its offer, the Company has elected to ut ...
Q3 2025 Production Report
Globenewswire· 2025-10-15 06:00
Core Viewpoint - Kenmare Resources plc provided a trading update for Q3 2025, highlighting production challenges due to upgrades at the Wet Concentrator Plant A and a decline in global market conditions affecting demand and pricing for titanium minerals and zircon [4][6][27]. Production Overview - The Moma Mine produced 298,400 tonnes of Heavy Mineral Concentrate (HMC) in Q3 2025, a 16% decrease year-on-year, primarily due to a 19% decrease in excavated ore volumes [9][14]. - Ilmenite production was 209,000 tonnes, down 19% year-on-year, while primary zircon production was 12,300 tonnes, down 16% year-on-year [15]. - Total shipments of finished products were 227,400 tonnes, a 25% decrease year-on-year, attributed to reduced shipping capacity [16]. Operations Update - The upgrade project for Wet Concentrator Plant A is on track, with commissioning of new dredges and feed preparation modules beginning in October 2025 [5][21]. - The capital cost for the WCP A upgrade project remains at $341 million, with expectations to achieve nameplate capacity by the end of 2025 [23]. Market Conditions - Global demand for mineral sands products softened, leading to a decline in prices for Kenmare's products [27][29]. - One customer has indicated it will not take contracted volumes in H2 2025, affecting Kenmare's sales strategy [17][29]. - The zircon market remained subdued, but demand for Kenmare's high-grade zircon was stable in China and Europe [32]. Corporate Update - Discussions with the Government of Mozambique regarding the extension of Moma's Implementation Agreement are ongoing, with the company focused on securing its contractual entitlements [24][25]. - The company is pursuing payment for approximately $9.3 million in unpaid invoices due to a customer's financial distress [29].
Borregaard ASA: Invitation to Q3 2025 announcement
Globenewswire· 2025-10-15 05:46
Core Viewpoint - Borregaard ASA is set to report its third quarter 2025 results on October 22, 2025, at 07:00 CEST, with a stock exchange announcement to follow [1] Group 1: Financial Reporting - The third quarter 2025 results will be presented at 08:30 CEST at ABG Sundal Collier in Oslo, with options for in-person attendance and live streaming available [2] - A press release, quarterly report, and presentation will be accessible on Borregaard's investor website [1] Group 2: Investor Relations - Questions can be submitted via the web during the live presentation, which will be conducted in English [2] - For further inquiries, Lotte Kvinlaug serves as the Investor Relations Officer, reachable at +47 922 86 909 [3]
Sampo plc’s share buybacks 14 October 2025
Globenewswire· 2025-10-15 05:30
Group 1 - Sampo plc has conducted a share buyback on 14 October 2025, acquiring a total of 301,834 A shares at a daily weighted average price of EUR 9.84 [1][2] - The share buyback program, announced on 6 August 2025, has a maximum limit of EUR 200 million and is in compliance with the Market Abuse Regulation [1][2] - The program commenced on 7 August 2025, following authorization from Sampo's Annual General Meeting held on 23 April 2025 [1] Group 2 - After the recent transactions, Sampo plc now holds a total of 16,368,200 A shares, which represents 0.61% of the total shares outstanding [2]
Net asset value of the EfTEN United Property Fund as of 30.09.2025
Globenewswire· 2025-10-15 05:15
Core Insights - The net asset value (NAV) of EfTEN United Property Fund units was 11.34 euros at the end of September, reflecting a month-on-month increase of 0.33% [1] - The fund's net profit for September was 93 thousand euros, with a total net profit of 2.1 million euros for the first nine months of 2025, compared to 534 thousand euros in the same period last year [2] - The largest profit in September came from the investment in EfTEN Real Estate Fund 5, amounting to 89.5 thousand euros, with its NAV increasing by 0.7% [3] Investment Performance - The EfTEN United Property Fund's investment in EfTEN Real Estate Fund AS shares was impacted by a 0.8% decline in share prices on the Tallinn stock market [1] - If the investment in EfTEN Real Estate Fund AS were recorded at book value, the NAV would have been 11.45 euros, indicating a 0.6% month-on-month increase [1] - The UNA retail park, the fund's largest investment, generated 2.2 million euros in rental income over the past 12 months, representing 7.3% of the acquisition price [3] Development Projects - Invego Uus-Järveküla OÜ, where the EfTEN United Property Fund holds an 80% stake, saw four terraced houses booked for completion by Q1 2026, contributing 23.6 thousand euros in interest income in September [4] - The fund received income distributions totaling 293 thousand euros from EfTEN Real Estate Fund 5 and EfTEN Special Opportunities Fund in early October [5]