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AB Šiaulių bankas new share buyback program approved
Globenewswire· 2025-04-30 13:00
Core Viewpoint - AB Šiaulių bankas has initiated a share buyback program aimed at reducing its capital, with a commitment to ensure a return of at least 20% to shareholders [1][3]. Group 1: Share Buyback Program Details - The share buyback program will commence on May 5, 2025, and conclude on June 27, 2025 [2]. - The maximum number of shares to be purchased during the program is set at 2,652,251 shares, with a limit of up to 100,000 shares purchased on each trading day [2]. - The maximum purchase price per share will not exceed the higher of the last independent trading price or the highest independent bid price for a specific transaction on Nasdaq Vilnius [6]. Group 2: Regulatory Compliance - The share buyback program will adhere to the "safe harbor" requirements outlined in Regulation (EU) No. 596/2014 and related legal provisions [5]. - The Bank received permission from the European Central Bank to repurchase up to 13,745,114 of its own shares, having already acquired 11,092,863 shares [6]. Group 3: Communication and Transparency - The Bank will publish information regarding transactions conducted during the previous calendar week on the first business day of each week [4].
Clearwater Paper(CLW) - 2025 Q1 - Earnings Call Transcript
2025-04-29 22:02
Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $30 million for Q1 2025, at the high end of guidance, driven by strong operational performance and increased production and sales volumes, primarily due to the Augusta acquisition [6][24] - Net sales increased by 46% to $378 million compared to Q1 2024, largely attributed to the Augusta acquisition [6][24] - The company incurred a consolidated net loss of approximately $6 million from continuing operations, equating to $0.36 per diluted share [23] Business Line Data and Key Metrics Changes - The Augusta mill integration has been successful, with targeted volume and cost synergies expected by the end of 2026 [7] - Fixed cost structure was reduced by eliminating over 200 positions, representing around 10% of total roles, aiming for $30 to $40 million in savings for 2025 [7][18] Market Data and Key Metrics Changes - Industry shipments increased by 2% in Q1 2025 compared to Q1 2024, with demand projected to grow by 3% to 5% in 2025 [8][9] - Industry utilization rates improved to 88% in Q1 2025 from 84% in Q1 2024, but remain below the cross-cycle average of 90% to 95% [10] Company Strategy and Development Direction - The company aims to strengthen its position as a premier independent supplier of paperboard packaging products, investing in product development across three categories: compostable food service products, lightweight folding carton products, and alternative poly-free barrier technologies [13][14][15] - The company is exploring expansion into additional paperboard substrates, which make up approximately 50% of the paperboard market outside of SBS [16] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about medium to long-term industry prospects, expecting strong margins and cash flows through the cycle [34] - The company anticipates continued demand recovery, with internal utilization projected at around 85% and revenue expectations of approximately $1.5 to $1.6 billion for 2025 [29] Other Important Information - The company repurchased approximately $11 million of its shares in Q1 2025, totaling about $15 million since the new $100 million share buyback authorization [7][26] - The company is targeting a reduction in SG&A as a percentage of sales to 6% to 7% by year-end 2025 [25] Q&A Session Summary Question: What is the sense of what's happening with FPB imports recently? - Management noted that imports were up in 2024, with forecasts for a 5% decrease in imports and a 1% increase in exports for 2025 [38][39] Question: Can you clarify the geographic split of the $20 million to $25 million purchases from outside the US and Canada? - Approximately $80 million of imports are from Canada, with the remaining $20 million from other parts of the world, including potential exposure to China [40][41] Question: What are the criteria for evaluating M&A opportunities for expanding product offerings? - The company seeks strategic fit, quality assets, and a belief in the ability to win in the market when considering M&A [46][47] Question: What kind of costs are associated with the paper machine upgrades for lightweight folding carton products? - Upgrades will be on existing machines, with capital fitting within the previously stated capital range, focusing on mix shift rather than incremental revenue growth [48] Question: What is the expected impact of cost savings in Q2? - Management expects to see roughly double the amount of savings in Q2 compared to Q1, with incremental benefits ramping through the year [51]
Elis: Disclosure of trading in own shares occured from April 22 to April 25
Globenewswire· 2025-04-29 06:00
Disclosure of trading in own shares occurred from April 22 to April 25, 2025 Saint-Cloud, April 29, 2025 In accordance with the regulations on share buybacks, in particular Regulation (EU) 2016/1052, Elis hereby declares the purchases of its own shares made from April 22, 2025 to April 25, 2025 under the buyback program authorized by the 19th resolution of the General Shareholders' Meeting of May 23, 2024 and announced on March 6, 2025: Aggregated presentation: Issuer nameIssuer code(LEI) Transaction dateIS ...
Aalberts reports the progress of its share buyback programme 22 April – 25 April 2025
Globenewswire· 2025-04-29 05:30
Core Points - Aalberts has repurchased 105,706 of its own shares from April 22 to April 25, 2025, for a total amount of EUR 2,828,071.84, averaging EUR 26.75 per share [1] - This repurchase is part of a larger share buyback program announced on February 27, 2025, with a total budget of EUR 75 million, set to be completed by October 24, 2025 [2] - As of April 25, 2025, a total of 1,644,209 shares have been repurchased under this program, amounting to EUR 49,225,751 [2] Share Buyback Program Details - The share buyback is being conducted by an intermediary in the open market, independent of Aalberts, and will adhere to the authority granted by the Annual General Meeting on May 23, 2024 [3] - The program complies with the Market Abuse Regulation 596/2014 and the safe harbour parameters set by the Commission Delegated Regulation 2016/1052 [3] Additional Information - Weekly progress of the share buyback can be tracked on the company's dedicated website [4] - This press release fulfills the disclosure obligations as per Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 [5]
Sodexo - Disclosure of transactions in own shares carried out from April, 22 to April, 24, 2025
Globenewswire· 2025-04-28 16:00
Group 1: Share Buyback Program - Sodexo executed a share buyback program from April 22 to April 24, 2025, purchasing a total of 100,000 shares at an average price of €55.2172 [1] - The shares were acquired to fulfill obligations related to free shares award plans, as authorized by the Shareholders' Meeting on December 17, 2024 [1] Group 2: Company Overview - Founded in 1966, Sodexo is a global leader in sustainable food and facilities management services, aiming to improve quality of life and contribute to social and environmental progress [2] - The company operates in 45 countries and serves 80 million consumers daily, with a consolidated revenue of €23.8 billion for fiscal 2024 [3] - As of April 3, 2025, Sodexo has a market capitalization of €8.5 billion and is recognized as the 1 France-based private employer worldwide [3]
Rexel: Disclosure of trading in own shares from April 21 to April 25, 2025
Globenewswire· 2025-04-28 16:00
RELEASE DISCLOSURE OF TRADING IN OWN SHARES FROM APRIL 21 TO APRIL 25, 2025 In accordance with the authorization granted by the Shareholders’ Meeting in order to trade in own shares and pursuant to applicable law on share repurchases, Rexel declares the following purchases of its own shares from April 21 to April 25, 2025: Name of the issuerIdentity code of the issuer (Legal Entity Identifier)Day of transactionIdentity code of the financial instrumentTotal daily volume (in number of shares)Daily weighted ...
JDE Peet’s share buyback periodic update April 28, 2025
Globenewswire· 2025-04-28 12:00
PRESS RELEASE Amsterdam, April 28, 2025 JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee and tea company, today announced that it has repurchased 34,549 shares in the period from April 21, 2025 up to and including April 25, 2025. The shares were repurchased at an average price of EUR 20.88 per share for a total consideration of EUR 0.7 million. These repurchases were made as part of the EUR 250 million share buyback programme announced on March 3, 2025. The total number of shares repurchase ...
24/2025・Trifork Group: Weekly report on share buyback
Globenewswire· 2025-04-28 05:27
Group 1: Share Buyback Program - Trifork initiated a share buyback program on 28 February 2025, in accordance with European regulations, running from 4 March 2025 to 30 June 2025, with a pause from 9 to 15 April 2025 [1] - The total budget for the share buyback program is DKK 14.92 million (approximately EUR 2 million) [2] - As of the latest report, Trifork has repurchased a total of 66,897 shares for DKK 5,701,099 since the program's start [2] Group 2: Share Transactions - The average purchase price of the repurchased shares is DKK 85.22 [2] - The company utilized 2,929 shares for the Executive Management's monthly fixed salary and 19,943 shares for the RSU plan on 25 March and 1 April 2025, respectively [2] - Trifork currently holds a total of 300,354 treasury shares, which is 1.5% of the total registered shares of 19,744,899 [3] Group 3: Company Overview - Trifork is a global technology partner with 1,229 professionals across 73 business units in 16 countries, focusing on advanced software solutions for various sectors [4] - The company is publicly listed on Nasdaq Copenhagen and operates Trifork Labs, its R&D hub, to drive innovation [4]
Execution of a 150 million euro share buyback agreement
Globenewswire· 2025-04-24 15:57
Core Viewpoint - Publicis Groupe has initiated a share buyback program amounting to 150 million euros to fulfill obligations under existing employee incentive plans without issuing new shares [2][3]. Group 1: Share Buyback Program - The share buyback program will commence on April 25, 2025, and is set to conclude by June 30, 2025 [2]. - This program is authorized by the Shareholders' General Meeting held on May 29, 2024, and further details can be found in the 2023 Universal Registration Document [3][4]. Group 2: Company Overview - Publicis Groupe is a global leader in communication, involved in marketing transformation and digital business transformation [5]. - The company operates in over 100 countries and employs approximately 108,000 professionals, focusing on four main activities: Communication, Media, Data, and Technology [5].
Aalberts reports the progress of its share buyback programme 14 April – 17 April 2025
Globenewswire· 2025-04-22 13:00
contact Utrecht, 22 April 2025 +31 (0)30 3079 302 (from 8:00 am CET) investors@aalberts.com This is part of the share buyback programme as announced on 27 February 2025, for a total amount of EUR 75 million. The repurchase of shares commenced on 28 February 2025 and will be completed no later than 24 October 2025. It is intended that the shares will be cancelled following repurchase. Up to and including 17 April 2025, a cumulative total of 1,538,503 shares was repurchased under the share buyback programme f ...