Workflow
Municipality Finance issues a NOK 500 million social bond tap under its MTN programme
GlobeNewswire· 2025-05-22 07:00
Group 1 - Municipality Finance Plc issued a new tranche of NOK 500 million under its existing social bond, increasing the total nominal amount to NOK 2.5 billion, with a maturity date of 20 February 2029 and a fixed interest rate of 4.00% per annum [1][2] - The new tranche is part of MuniFin's EUR 50 billion debt issuance program and is expected to commence public trading on the Helsinki Stock Exchange on 23 May 2025 [2][3] - MuniFin is one of Finland's largest credit institutions, with a balance sheet exceeding EUR 53 billion, and its owners include Finnish municipalities, the public sector pension fund Keva, and the State of Finland [3][4] Group 2 - MuniFin focuses on environmentally and socially responsible investments, providing loans for projects such as public transportation, sustainable buildings, healthcare facilities, and affordable social housing [4] - The company operates in a global business environment while primarily serving domestic customers, and it is recognized as the first Finnish issuer of green and social bonds [5]
Alchip Technologies Reports 2025 FIRST QUARTER Financial Results
GlobeNewswire· 2025-05-22 07:00
Core Insights - Alchip Technologies reported year-over-year growth in net income and gross profit for Q1 2025, despite a slight decline in revenue [1][2] Financial Performance - Q1 2025 revenue was $318.7 million, a decrease of 4.4% from $333.6 million in Q1 2024 and down 21.1% from $404.1 million in Q4 2024 [1] - Net income for Q1 2025 was $44.4 million, an increase of 13.9% from $39 million in Q1 2024, but down 22% from $56.9 million in Q4 2024 [2] - Gross profit for Q1 2025 reached $73.8 million, a 17.8% increase over $62.7 million in Q1 2024, but down 13.8% from $85.6 million in Q4 2024 [2] Revenue Breakdown - North America accounted for 93% of Q1 2025 revenue, up from 77% in the same quarter a year prior; Asia Pacific contributed 5%, and Japan accounted for 2% [3][10] - 5nm and more advanced geometry designs made up 41% of Q1 2025 revenue, while 7nm designs accounted for 55%; designs at 12nm and larger accounted for the remaining 4% [4] Technology and Market Outlook - The company has a strong North American NRE pipeline and has taped out its first 3nm AI accelerator project, with mass production expected in early 2026 [5] - Anticipated strong demand for high-performance computing NRE projects, particularly in North America, where the HPC field remains robust [5] Company Overview - Alchip Technologies, founded in 2003 and headquartered in Taipei, Taiwan, is a leading global provider of high-performance computing and AI infrastructure ASICs, known for its advanced packaging technology and flexible business model [7]
A ceremonial sauna experience and a characterful use of colour make Honka Kömmeli the highlight of the Oulu Housing Fair
GlobeNewswire· 2025-05-22 07:00
Core Insights - Honka Kömmeli is a standout log home at the Oulu Housing Fair, featuring a unique sauna experience and a bold color scheme that includes traditional Falun red and smoky blue tones [3][5][19] Company Overview - Honkarakenne Oyj specializes in manufacturing high-quality, healthy, and ecological log homes, holiday homes, and public buildings from Finnish solid wood [21] - The company has delivered 90,000 buildings to over 50 countries, with net sales of EUR 36.7 million in 2024, of which 29% came from exports [21] Product Features - Honka Kömmeli showcases a modern interpretation of traditional architecture, prominently featuring Falun red on both the façade and interior, complemented by smoky blue accents [5][8] - The sauna design is inspired by traditional Finnish saunas, emphasizing high benches and a ceremonial bathing experience [19][20] - The interior design incorporates high-quality Finnish materials, including custom-made furniture and textiles from reputable Finnish companies [10][11] Design and Innovation - Honka employs a minimalist CLT log seam groove in its new log designs, enhancing the aesthetic appeal and structural integrity of the homes [15][14] - The company focuses on health-promoting features in its log houses, ensuring clean indoor air and low-emission materials for resident well-being [16] Aesthetic and Functional Elements - The interior of Honka Kömmeli is characterized by a harmonious blend of natural wood surfaces, light sand-colored concrete floors, and vibrant color choices that create an inviting atmosphere [7][8][9] - The sauna features a combination of red tiles and heat-treated pine, enhancing the overall sensory experience [20]
Invalda INVL dividend payment procedure for the year 2024
GlobeNewswire· 2025-05-22 06:26
On 30 April 2025 the General Shareholders Meeting of Invalda INVL (identification code 121304349, address Gyneju str. 14, Vilnius, Lithuania) decided to allocate EUR 1.25 dividend per share. Dividends will be paid to the shareholders who were shareholders of Invalda INVL at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 15 May 2025. From 23 May 2025 the dividends will be paid in the following order:- to the shareho ...
Euronext launches an offering of bonds due 2032 convertible into new shares and/or exchangeable for existing shares (“OCEANEs”) for a nominal amount of €425 million
GlobeNewswire· 2025-05-22 06:00
Core Viewpoint - Euronext has launched an offering of €425 million in senior unsecured bonds due 2032, which are convertible into new shares and/or exchangeable for existing shares, aimed at qualified investors only [1][11]. Group 1: Offering Details - The nominal amount of the bond offering is €425 million, and the bonds will be issued with a denomination of €100,000 each [1][3]. - The bonds are expected to pay a fixed coupon rate between 1.5% and 2.0% per annum, payable semi-annually [3]. - The initial conversion price will be set between 30% and 35% above the reference share price on Euronext Paris [4]. Group 2: Use of Proceeds - The net proceeds from the bond offering will be used to repay a portion of a bridge loan facility used for the acquisition of Admincontrol and for general corporate purposes [2]. Group 3: Redemption and Conversion Rights - The bonds will be redeemed at par on 30 May 2032 unless previously converted, exchanged, redeemed, or purchased and cancelled [5]. - Bondholders will have the right to convert or exchange the bonds into new and/or existing shares from the 41st day after the issue date until 7 business days before the maturity date [7]. - The conversion ratio will be based on the principal amount divided by the initial conversion price, with standard adjustments for anti-dilution and dividend protections [8]. Group 4: Market and Shareholder Information - The bonds will be placed with qualified investors only, excluding public offers in certain jurisdictions [11][17]. - Existing shareholders will not have preferential subscription rights in connection with the bond issuance [12]. - The company is not aware of any intentions from its main shareholders to participate in the offering [13]. Group 5: Lock-up and Dilution - The company will agree to a lock-up undertaking regarding its shares for a period starting from the announcement of the final terms of the bonds and ending 90 days after the issue date [14]. - The potential dilution from the bond conversion, assuming a nominal amount of €425 million and a reference share price of €145.0, would represent approximately 2.1% of the company's outstanding share capital [15].
Directorate Changes
GlobeNewswire· 2025-05-22 06:00
Group 1 - Hargreave Hale AIM VCT plc announced the resignation of Busola Sodeinde as Non-Executive Director effective from 21 May 2025 [1] - Oliver Bedford, the lead manager at Canaccord Asset Management, also resigned from his position as Non-Executive Director effective from 21 May 2025, but will continue as lead manager [2] - The Board decided not to appoint any new Non-Executive Directors at this time due to the size and nature of the Company and associated costs [3] Group 2 - David Brock, Chair of the Board, expressed gratitude towards Busola and Oliver for their contributions and support during their tenure [3]
Correction - Exploration Update for Strategic Minerals JV
GlobeNewswire· 2025-05-22 06:00
Core Insights - Amaroq Minerals Ltd. has provided an update on its 2024 exploration results across its strategic minerals portfolio, particularly focusing on the Gardaq AS joint venture in Southern Greenland [6][9][15] - The company has successfully completed an extensive exploration program, including geological reconnaissance, geochemical sampling, and 5,524 meters of core drilling across three high-priority projects [9][15] - The appointment of Dr. Steve Garwin as Chief Technical Advisor is expected to enhance the company's exploration strategy, particularly in porphyry and epithermal systems [9][16] Exploration Results - Drilling at Stendalen has revealed significant geological insights into a copper/nickel/cobalt mineralized system, with extensive Cu/Ni/Co sulphides confirmed throughout the system [8][21] - The exploration at Johan Dahl Land has led to the discovery of the Ukaleq project, with notable grades of up to 12.3 g/t Au and 5.1% Cu [12][26] - Scout drilling at Target North confirmed the presence of a significant epithermal system, although no economic mineralization was encountered [11][24] Future Plans - The company has delineated approximately four new porphyry/epithermal targets for follow-up work in 2025 across the South Greenland Copper Belt [10][26] - Amaroq has submitted three new license applications targeting copper, gold, and rare/critical earth elements, indicating a strategic expansion of its mineral portfolio [9][27] - The focus for 2025 will include further drilling at Stendalen and Ukaleq, leveraging new drill data and geophysical insights [16][21] Technical Details - The exploration program included downhole geophysics and core drilling, with a total of 4,773 meters drilled at Stendalen and additional scout drilling at other sites [19][21] - The company has implemented rigorous sampling and QAQC procedures to ensure the reliability of its exploration results [28][32]
CheqUp and WeightWatchers Announce Strategic Partnership to Support Growing Use of GLP-1 Medications in the UK
GlobeNewswire· 2025-05-22 06:00
Core Insights - CheqUp and WeightWatchers have formed a partnership to provide a comprehensive weight management solution that combines GLP-1 medication with behavioral support [1][2][3] - The partnership aims to address the increasing demand for effective weight loss solutions in the UK, where 12 million people qualify for GLP-1 medications [3][4] - WeightWatchers' GLP-1 Companion Programme is designed to enhance the effectiveness of weight loss through structured support, showing that participants lose 11% more weight on average when combining medication with behavioral programs [4][6] Company Overview - CheqUp is recognized as a leading provider of medically supervised weight loss programs, offering personalized treatment plans and clinical oversight [9] - WeightWatchers has over 60 years of experience in weight management, utilizing a science-backed model that has helped members achieve significant weight loss results [8][10] Partnership Details - The partnership will provide CheqUp members with access to WeightWatchers' GLP-1 Companion Programme at no additional cost, enhancing their weight loss journey [5][6] - The program includes nutritional guidance, tracking tools, social support networks, and progress monitoring to facilitate sustainable weight loss [7][8]
2025 Annual General Meeting – Notice
GlobeNewswire· 2025-05-22 06:00
Company Overview - BW Energy is a growth exploration and production (E&P) company with a strategy focused on proven offshore oil and gas reservoirs through low-risk phased developments [1] - The company has access to existing production facilities, which allows for reduced time to first oil and cash flow with lower investments compared to traditional offshore developments [1] Assets and Interests - BW Energy holds a 73.5% interest in the producing Dussafu Marine licence offshore Gabon, a 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, and a 95% interest in the Kudu field in Namibia, all operated by BW Energy [1] - Additionally, the company owns approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (PEL 73) in Namibia [1] Reserves and Resources - As of the start of 2025, BW Energy's total net 2P+2C reserves and resources were reported to be 599 million barrels of oil equivalent [1]
Equinor ASA: Announcement of cash dividend per share in NOK for fourth quarter 2024
GlobeNewswire· 2025-05-22 05:50
Group 1 - Equinor ASA announced a cash dividend per share of USD 0.37 for the fourth quarter of 2024 [1] - The NOK cash dividend per share is calculated based on the average USDNOK fixing rate from Norges Bank, which was 10.3284 for the relevant period [1] - The total cash dividend for the fourth quarter of 2024 amounts to NOK 3.8215 per share [1] Group 2 - The cash dividend will be paid to shareholders on Oslo Børs and holders of American Depositary Receipts on the New York Stock Exchange on 28 May 2025 [2] - This announcement complies with the Continuing Obligations and the disclosure requirements of the Norwegian Securities Trading Act [2]