Workflow
Starting of construction of the “Nõmme Südamekodu” elderly care home in Hiiu, Tallinn
Globenewswire· 2025-08-14 05:00
Acquisition and Development - The Fund announced the acquisition of a property at Hiiu St 42, Tallinn, by its subsidiary EfTEN Hiiu OÜ, with plans to partially reconstruct it into an elderly care home named "Nõmme Südamekodu," which could accommodate up to 170 residents [1] - Following the acquisition, EfTEN Hiiu OÜ collaborated with Nõmme Südamekodu OÜ and design company OÜ SIRKEL&MALL on the design of the elderly care home and initiated a construction procurement process [2] Construction Contract - The best offer for the construction was made by RIS Ehitus OÜ, with whom a construction contract was signed on 13 August 2025, valued at approximately 4 million euros, including VAT [3] - The planned completion date for the elderly care facilities is set for the second quarter of 2026 [3]
HALF-YEAR FINANCIAL REPORT OF MARIMEKKO CORPORATION, 1 January–30 June 2025: Marimekko’s net sales in the second quarter grew and operating profit improved
Globenewswire· 2025-08-14 05:00
Marimekko Corporation, Half-year Financial Report, 14 August 2025 at 8.00 a.m. EEST HALF-YEAR FINANCIAL REPORT OF MARIMEKKO CORPORATION, 1 January–30 June 2025: Marimekko's net sales in the second quarter grew and operating profit improved This release is a summary of Marimekko's half-year financial report for the January–June period of 2025. The complete report is attached to this release as a pdf file and it is also available on the company's website at company.marimekko.com under Releases & publications. ...
NORBIT - Results for the second quarter 2025
Globenewswire· 2025-08-14 05:00
Trondheim, 14 August 2025: In the second quarter, NORBIT recorded revenues of NOK 684.4 million, an increase of 63 per cent from the corresponding quarter of 2024. The EBIT result was NOK 174.2 million, representing a margin of 25 per cent. Diluted earnings per share were NOK 2.06 for the second quarter, up from NOK 1.20 one year earlier. * The Oceans segment delivered revenues of NOK 239.4 million, an increase of 22 per cent from the same quarter in 2024 supported by strong sonar sales. The EBIT margin was ...
Euronet Worldwide Prices $850 Million 0.625% Convertible Senior Notes Offering
Globenewswire· 2025-08-14 04:23
Core Viewpoint - Euronet Worldwide, Inc. has announced the pricing of $850 million in 0.625% Convertible Senior Notes due 2030, aimed at qualified institutional buyers, with an option for initial purchasers to buy an additional $150 million [1][2]. Group 1: Offering Details - The offering is expected to close on August 15, 2025, subject to customary closing conditions [2]. - The notes will bear interest at a rate of 0.625% per year, payable semiannually starting April 1, 2026, and will mature on October 1, 2030 [3]. - Euronet intends to use the net proceeds to repay existing borrowings under its unsecured revolving credit facility and for general corporate purposes [4]. Group 2: Conversion and Redemption - The notes are convertible at the option of the holders under certain circumstances, with an initial conversion rate of 7.8718 shares per $1,000 principal amount, equating to a conversion price of approximately $127.04 per share, representing a 30% premium over the last reported sale price of $97.72 [5]. - Euronet may redeem the notes starting October 7, 2028, if certain stock price conditions are met [6]. Group 3: Fundamental Change and Capped Call Transactions - In the event of a "fundamental change," holders may require Euronet to repurchase their notes at 100% of the principal amount plus accrued interest [7]. - Euronet has entered into capped call transactions to reduce potential dilution upon conversion of the notes, with an initial cap price of approximately $180.78 per share, an 85% premium over the last reported sale price [9]. Group 4: Share Repurchases - Euronet plans to use approximately $131.3 million of cash on hand to repurchase shares of its common stock concurrently with the pricing of the offering [12].
Magnitude International Ltd Announces Closing of Initial Public Offering
Globenewswire· 2025-08-14 02:55
Company Overview - Magnitude International Ltd is an electrical installation service provider based in Singapore, founded in 2012, with over 12 years of experience in the industry [5] - The company specializes in the installation of generators, transformers, and solar panel systems, and acts as the main electrical contractor in various construction projects [5] - Magnitude aims to become a leading integrated one-stop electrical installation services provider in Singapore, focusing on safety, functionality, and energy efficiency of buildings [5] Initial Public Offering (IPO) Details - The company closed its initial public offering of 2,200,000 ordinary shares at a public offering price of US$4.00 per share, resulting in total gross proceeds of US$8.8 million [1] - Of the total shares offered, 1,650,000 were sold by the company and 550,000 by a selling shareholder, XJL International Ltd [1] - The shares began trading on the Nasdaq Capital Market under the ticker symbol "MAGH" on August 12, 2025 [2] Underwriting and Legal Counsel - The offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the sole underwriter [2] - Legal counsel for the company was provided by Concord & Sage PC, while Taft Stettinius & Hollister LLP acted as legal counsel for the underwriter [2]
Madison Pacific Properties Inc. announces the results for the six months ended June 30, 2025, appointment of President and CEO, appointment of director and declares dividend
Globenewswire· 2025-08-14 00:05
Core Viewpoint - Madison Pacific Properties Inc. reported strong financial results for the first half of 2025, showing significant growth in net income and operational performance compared to the previous year [3]. Financial Performance - The company reported a net income of $22.4 million for the six months ended June 30, 2025, compared to $13.6 million for the same period in 2024, reflecting a year-over-year increase of 64.7% [3]. - Cash flows from operating activities before changes in non-cash operating balances were $6.0 million, slightly down from $6.3 million in the previous year [3]. - Earnings per share increased to $0.30 from $0.23 year-over-year [3]. - The net gain on fair value adjustments for investment properties was approximately $21.9 million, up from $9.7 million in the prior year [3]. Investment Properties - As of June 30, 2025, the company owns approximately $741 million in investment properties, an increase from $724 million as of December 31, 2024 [4]. - The investment portfolio consists of 54 properties with around 2.0 million rentable square feet of industrial and commercial space, and a 50% interest in eight multi-family rental properties totaling 239 units [5]. - The occupancy rates are high, with 97.95% of industrial and commercial space leased and 99.16% of multi-family residential properties leased [5]. Leadership Changes - Dino Di Marco will be appointed as President & CEO effective September 1, 2025, bringing extensive experience from his previous role as Chief Financial Officer [7]. - John DeLucchi will continue as Chairman of the Board, and Robert Pringle has been appointed as a new director, contributing his extensive background in banking and leadership [9]. Dividend Announcement - The company announced a dividend of $0.0525 per share on Class B voting common shares and Class C non-voting shares, payable on September 3, 2025, to shareholders of record on August 25, 2025 [10].
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
Globenewswire· 2025-08-13 23:16
VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Nuclear Fuels Inc. (“Nuclear Fuels” or the “Company”) (CSE: NF, OTCQX: NFUNF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR, OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of Nuclear Fuels (“Nuclear Fuels Shareholders”) held today. The previously announced statutory plan of arrangement (the “Plan of Arrangement”) involving Nuclear Fuels and Premier American Ura ...
Real Estate Split Corp. Announces Intention to Extend Term
Globenewswire· 2025-08-13 23:01
Core Viewpoint - Real Estate Split Corp. plans to extend its maturity date by an additional 5 years to December 31, 2030, allowing shareholders to continue benefiting from a diversified portfolio of North American real estate securities [1][2]. Group 1: Term Extension - The board of directors intends to approve the extension of the maturity date, which will be announced at least 60 days prior to the original maturity date of December 31, 2025 [1]. - The extension allows Class A shareholders to maintain exposure to a high-conviction, actively managed portfolio of leading North American real estate companies [2]. - The term extension is not a taxable event, enabling shareholders to defer potential capital gains tax liability until the shares are disposed of [3]. Group 2: Shareholder Returns - Since inception on November 19, 2020, Class A shares have delivered a total return of 5.4% per annum, including cash distributions of $6.94 per share [4]. - Preferred shareholders will benefit from preferential cash dividends until December 31, 2030, with Preferred shares delivering a total return of 5.3% per annum since inception [5]. Group 3: Company Background - Middlefield, founded in 1979, is a specialist equity income asset manager with a focus on high-quality global companies across various sectors [6].
LEEF Brands Announces Upsize of Offering and Filing of Amended Offering Document
Globenewswire· 2025-08-13 23:00
Core Viewpoint - LEEF Brands, Inc. has announced an amended offering document for a private placement of 8,363,560 Units at a price of C$0.25 per Unit, aiming for gross proceeds of up to C$2,090,890, which is an increase from the previously announced offering size [1][2]. Group 1: Offering Details - The Offering is conducted under the LIFE Exemption, meaning securities issued will not have a statutory hold period as per Canadian securities laws [2]. - The expected closing date for the Offering is around August 15, 2025, subject to customary closing conditions, including approval from the Canadian Securities Exchange (CSE) [3]. Group 2: Company Overview - LEEF Brands, Inc. is a leading cannabis extraction and manufacturing company based in California and New York, with a comprehensive supply chain and innovative manufacturing processes [4]. - The company powers some of the largest cannabis brands in the United States, indicating a strong market presence [4].
Flow Capital Announces Q2 2025 Financial Results
Globenewswire· 2025-08-13 22:35
Core Insights - Flow Capital Corp. reported a significant increase in loan interest revenue and recurring free cash flow for the second quarter of 2025, indicating strong business performance and effective management execution [1][4]. Financial Performance Highlights Three Months Ended June 30, 2025, Compared to Three Months Ended June 30, 2024 - Loan interest and royalty revenue increased by 54% to $3.2 million from $2.1 million [7]. - Recurring free cash flow rose by 212% to $884,129 from $283,036 [7]. - Total revenues decreased to $1.4 million from $1.8 million [6]. - Net income showed a loss of $1.5 million compared to a profit of $190,000 [6]. Six Months Ended June 30, 2025, Compared to Six Months Ended June 30, 2024 - Loan interest and royalty revenue increased by 49% to $6.1 million from $4.1 million [7]. - Recurring free cash flow increased by 148% to $1.7 million from $698,887 [7]. - Total revenues increased to $3.9 million from $3.7 million [6]. - Net income showed a loss of $1.0 million compared to a profit of $910,000 [6]. Investment and Growth Metrics - Total investments value increased by 39% to $72.2 million from $52.0 million [7]. - New investments amounted to $16.3 million compared to $9.3 million in the previous year [7]. - The company has consistently generated positive free cash flow over the last eight quarters, reflecting the strength of its business model [4].