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Sampo launches a buyback programme of EUR 200 million
Globenewswire· 2025-08-06 05:50
Core Points - Sampo plc has announced a share buyback programme amounting to EUR 200 million to return excess capital generated in 2024 [1][2] - The buyback programme is set to commence on 7 August 2025 and will conclude no later than 31 October 2025, with a maximum repurchase of 30 million shares, representing 1% of total shares [3] - The shares will be repurchased at a price not exceeding the highest price paid in public trading on the day of repurchase or the average price over the preceding five trading days [4] Financial Management - The buyback is part of Sampo's capital management policy aimed at maintaining a strong but efficient balance sheet [2] - The repurchased shares will be cancelled, thereby reducing the capital of Sampo [6] - The programme is based on the authorization granted by the Annual General Meeting held on 23 April 2025 [6] Execution Details - Morgan Stanley has been appointed as the lead manager for the share buyback programme, making trading decisions independently [5] - The repurchases will be conducted in compliance with the EU Market Abuse Regulation [5] - Shares may also be acquired through accelerated bookbuilds (ABB) under certain conditions [4]
ABN AMRO announces EUR 250 million share buyback programme
Globenewswire· 2025-08-06 05:01
Core Viewpoint - ABN AMRO has announced a share buyback programme with a total value of EUR 250 million aimed at reducing its share capital [1][2]. Group 1: Share Buyback Programme Details - The share buyback programme will commence on 7 August 2025 and is expected to conclude by December 2025 [2]. - The maximum number of shares to be repurchased will not exceed 10% of the issued shares, as authorized by the general meeting of shareholders on 23 April 2025 [1][3]. - The capital required for the buyback has been reserved and is excluded from the CET1 ratio of 14.8% reported at the end of Q2 2025 [2]. Group 2: Regulatory and Execution Aspects - The European Central Bank (ECB) has approved the share buyback programme, which will comply with the Market Abuse Regulation [3]. - NLFI will participate in the buyback in proportion to its current stake of 30.5% through off-market transactions [3]. - ABN AMRO has established a non-discretionary arrangement with a financial intermediary to conduct the buyback in the open market [4]. Group 3: Communication and Reporting - ABN AMRO will provide weekly updates on the progress of the share buyback programme through press releases and on its Investor Relations website [4].
Aalberts reports the progress of its share buyback programme 28 July – 01 August 2025
Globenewswire· 2025-08-05 05:30
Group 1 - Aalberts has repurchased 242,722 of its own shares from July 28, 2025, to August 2, 2025, for a total amount of EUR 9,756,200, resulting in an average share price of EUR 28.47 [1] - The share buyback program, announced on February 27, 2025, has a total budget of EUR 75 million and commenced on February 28, 2025, with an expected completion date of October 24, 2025 [2] - As of August 1, 2025, a cumulative total of 2,493,046 shares has been repurchased under the program for a total consideration of EUR 73,566,916 [2] Group 2 - Aalberts has engaged an intermediary to conduct the share repurchase in the open market, independent of the company, during both open and closed periods [3] - The share buyback will be executed within the limitations set by the authority granted at the Annual General Meeting on May 23, 2024, and will comply with the Market Abuse Regulation 596/2014 [3] Group 3 - The press release is issued in accordance with the disclosure and reporting obligations outlined in Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 [5]
Aalberts reports the progress of its share buyback programme 28 July – 01 August 2025
GlobeNewswire News Room· 2025-08-05 05:30
Group 1 - Aalberts has repurchased 242,722 of its own shares for a total amount of EUR 9,756,200, averaging EUR 28.47 per share during the period from 28 July 2025 to 02 August 2025 [1] - The share buyback program, announced on 27 February 2025, has a total budget of EUR 75 million and is set to conclude by 24 October 2025 [2] - As of 01 August 2025, a cumulative total of 2,493,046 shares have been repurchased under the program, amounting to EUR 73,566,916 [2] Group 2 - Aalberts has engaged an intermediary to conduct the share repurchases in the open market, adhering to the authority granted by the Annual General Meeting on May 23, 2024 [3] - The share buyback program will comply with the Market Abuse Regulation 596/2014 and the safe harbour parameters of the Commission Delegated Regulation 2016/1052 [3] Group 3 - Weekly progress of the share buyback program can be tracked on the company's dedicated website [4] - The press release is issued in accordance with the disclosure obligations set out in Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 [5]
JDE Peet’s share buyback periodic update August 4, 2025
Globenewswire· 2025-08-04 12:00
Group 1 - JDE Peet's announced the repurchase of 102,859 shares from July 28, 2025, to August 1, 2025, at an average price of EUR 24.10 per share, totaling EUR 2.5 million [1] - The total number of shares repurchased under the buyback program to date is 4,831,794 ordinary shares for a total consideration of EUR 96.6 million [2] - The share buyback program was initially announced on March 3, 2025, with a total budget of EUR 250 million [1][2] Group 2 - JDE Peet's is recognized as the world's leading pure-play coffee company, serving approximately 4,400 cups of coffee per second across more than 100 markets [3] - The company generated total sales of EUR 8.8 billion in 2024 and employs over 21,000 people globally [3] - JDE Peet's portfolio includes iconic brands such as Peet's, L'OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super, and Moccona [3]
Repurchase of Truecaller B shares in week 31, 2025
Prnewswire· 2025-08-04 07:04
STOCKHOLM, Aug. 4, 2025 /PRNewswire/ -- During 28 July 2025 and 1 August 2025 Truecaller AB (publ) (LEI code 549300TEYF1FA5G5GK26) has repurchased in total 175,000 own B shares (ISIN: SE0016787071), corresponding to 0.05% of outstanding capital, as part of the share buyback programme initiated by the board of directors. Since the start of the program Truecaller has bought back 575,000 shares, corresponding to 0.16% of outstanding capital. The share buybacks form part of the share buyback programme announced ...
Federated Hermes (FHI) Q2 EPS Jumps 480%
The Motley Fool· 2025-08-02 11:02
Core Insights - Federated Hermes reported Q2 2025 earnings with GAAP EPS of $1.16, exceeding analyst expectations of $1.03 and significantly up from $0.20 in the prior year [1][2] - Total revenue for the quarter was $424.8 million, slightly above the estimate of $422.81 million and an increase from $402.6 million year-over-year [1][2] - The firm achieved record-high assets under management (AUM) of $845.7 billion as of June 30, 2025, marking an 8% increase from $782.7 billion in the previous year [1][2][5] Financial Performance - Net income for Q2 2025 reached $91.0 million, a 333.3% increase from $21.0 million in Q2 2024 [2][8] - Operating expenses decreased by 15% year-over-year, primarily due to the absence of a non-cash impairment charge from the previous year [7] - Nonoperating income rose from $1.9 million to $13.7 million, contributing positively to overall financial performance [7] Business Overview - Federated Hermes is an investment management firm with a diverse range of products, including money market funds, equity funds, fixed-income products, and alternative strategies [3] - The firm generates revenue mainly through fees based on AUM, with a strong emphasis on money market products [3] Strategic Focus - The company is focused on growing AUM, complying with regulations, and leveraging its distribution network [4] - Key success factors include investment performance, regulatory discipline, and innovation in product offerings [4] Segment Performance - Equity AUM increased by 14% to $89.0 billion, driven by strong demand for MDT strategies, which saw AUM rise to $23.2 billion [5][6] - Fixed-income AUM grew 4% year-over-year to $98.7 billion, despite a slight sequential decline [6] - Money market assets reached $634.4 billion, an 8% increase year-over-year, while alternative and private market AUM rose 3% to $20.7 billion [6][11] Product Development and Market Trends - The firm is investing in new product development, including blockchain for money market fund tokenization and expanding ETFs and collective investment trusts [12] - MDT strategies and alternatives are showing strong momentum, with net sales of over $2.5 billion in the previous quarter [10] Capital Return - The regular quarterly dividend was set at $0.34 per share, with ongoing share buybacks authorized for up to 5 million additional shares [9][13] Outlook - Management anticipates continued demand for MDT strategies and alternatives, with a positive pipeline for new mandates in equity and direct lending products [14]
PCS Edventures! Provides Share Buyback Update
Globenewswire· 2025-08-01 19:01
Core Points - PCS Edventures!, Inc. has repurchased 3,736,170 outstanding shares from July 7, 2025, to July 28, 2025, as part of a share buyback program [1][2] - The average repurchase price was $0.0991, totaling $370,430.26 for this period [2] - To date, a total of 4,132,979 shares have been repurchased under the program, with a total expenditure of $425,234.71 [3] Financial Details - The share buyback program was initially announced on April 10, 2025, with a total of 10 million shares authorized for repurchase [2] - The repurchased shares include private transactions of 284,959 shares at $0.14 and 11,850 shares at $0.11 [3] - A detailed breakdown of the repurchased shares includes various transactions with average prices ranging from $0.089 to $0.14 [4] Company Overview - PCS Edventures!, Inc. is based in Meridian, Idaho, and focuses on providing technology-rich educational products and services for the TK-12 market [5] - The company's programs emphasize experiential learning in STEM fields, aiming to develop 21st-century skills [5]
HF Sinclair(DINO) - 2025 Q2 - Earnings Call Transcript
2025-07-31 14:32
Financial Data and Key Metrics Changes - The company reported a second quarter net income attributable to shareholders of $208 million or $1.1 per diluted share, with adjusted net income of $322 million or $1.7 per diluted share compared to $150 million or $0.78 per diluted share in the same period of 2024 [15][16] - Adjusted EBITDA for the second quarter was $665 million compared to $406 million in 2024 [16] - The company returned $145 million in cash to shareholders, consisting of $50 million in share repurchases and $95 million in regular dividends [13] Business Line Data and Key Metrics Changes - In the refining segment, adjusted EBITDA was $476 million compared to $187 million in 2024, driven by higher adjusted refinery gross margins [16] - The Renewables segment reported adjusted EBITDA of negative $2 million, impacted by lower sales volumes and margins, with total sales volumes of 55 million gallons compared to 64 million gallons in 2024 [17][18] - The Marketing segment delivered $25 million in EBITDA, up from $15 million in 2024, driven by higher margins [18] - The Lubricants and Specialties segment reported EBITDA of $55 million, down from $97 million in 2024, primarily due to lower base oil margins and sales volumes [19] - The Midstream segment reported adjusted EBITDA of $112 million, slightly up from $110 million in the same period last year [19] Market Data and Key Metrics Changes - The company achieved an operating expense per throughput barrel of $7.32, nearing its goal of $7.25 per barrel [10] - The refining throughput averaged 616,000 barrels per day for the second quarter, down from 635,000 barrels per day in 2024 due to turnaround activities [16] Company Strategy and Development Direction - The company is focused on improving reliability, optimization, and integration, with a commitment to return excess cash to shareholders [8][14] - The company plans to continue executing its strategy with one remaining turnaround scheduled at the Puget Sound refinery [10] - The company is optimistic about refining margins, particularly in distillates, and believes its overall strategy is delivering organic growth [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals of each business, including refining, and noted improvements in reliability and operational performance [104][105] - The company anticipates continued strength in refining margins and is positioned well to take advantage of market opportunities [13][40] Other Important Information - The company has approximately $750 million remaining on its share repurchase authorization and has reduced its share count by over 58 million shares since the Sinclair acquisition [13] - The Board of Directors declared a regular quarterly dividend of $0.50 per share, payable on September 4, 2025 [13] Q&A Session Summary Question: Understanding strong performance in refining and capture rates - Management highlighted improvements in crude performance and flexibility in crude slate, contributing to strong capture rates despite market headwinds [24][26] Question: Balancing shareholder returns and bolt-on opportunities - Management reiterated commitment to shareholder returns while also pursuing organic growth opportunities, indicating a balance can be achieved [30][31] Question: Renewable diesel credits and market structure - Management confirmed recognition of producers' tax credits and expressed optimism about future market structure improvements for renewable diesel [35][40] Question: Operational performance and turnaround improvements - Management noted significant improvements in turnaround performance and reliability, indicating a successful operational excellence journey [42][45] Question: M&A perspective and market opportunities - Management stated a focus on bolt-on opportunities in marketing and lubricants, while being cautious about the current M&A landscape [72][74] Question: Renewable diesel sustainable EBITDA and SREs - Management expressed confidence in renewable diesel positioning and acknowledged potential impacts of SREs on RIN prices, indicating ongoing monitoring of the situation [96][100]
Shell Maintains $3.5 Billion Share Buyback Despite Dip In Profits
Forbes· 2025-07-31 12:40
With energy prices dipping over the course of the second quarter, the FTSE 100 company said on Thursday that its adjusted earnings, or net profit, fell 32% to $4.3 billion over the three months to June 30. Shell reported adjusted earnings of $6.29 billion over the same period last year and $5.58 billion in the first three months of 2025. Over the course of the second quarter, global proxy benchmark Brent crude averaged around $67 a barrel during versus $75 a barrel in the first quarter, and above $80 in the ...