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Johnson Controls Authorizes $9B Worth of Share Buyback Program
ZACKS· 2025-06-16 16:26
Core Viewpoint - Johnson Controls International plc (JCI) has announced a $9 billion share buyback program, reflecting its commitment to rewarding shareholders [1][2]. Share Buyback Program - The board of directors has authorized the repurchase of $9 billion worth of shares, which can be executed in the open market or through various methods, including Rule 10b-5-1 trading plans, with no expiration date [2][9]. - JCI currently has an existing share repurchase program from 2021, with $1.1 billion remaining as of the end of the second quarter of fiscal 2025 [3][9]. Financial Performance - In the first half of fiscal 2025, JCI repurchased 8.2 million shares for $660 million and paid out $489 million in dividends [4][9]. - The company has a market capitalization of $69 billion and holds a Zacks Rank of 3 (Hold) [5]. Market Position and Growth - JCI has experienced a 24.6% increase in share price over the past six months, significantly outperforming the industry growth of 1.5% [7]. - The Building Solutions North America segment is showing solid momentum, driven by increased demand for the HVAC platform and investments in digital offerings like the OpenBlue platform [5]. Challenges - Rising selling, general and administrative (SG&A) expenses due to higher transformation and transaction costs may impact profitability [7]. - High debt levels could increase financial obligations for the company [7].
BNP Paribas share buyback programme - Declaration of transactions in own shares from June 9, 2025 to June 13, 2025
Globenewswire· 2025-06-16 16:03
Core Points - BNP Paribas completed its share buyback program on June 9, 2025, repurchasing a total of 14,025,914 shares at an average price of €77.29 per share, amounting to €1.084 billion [2][3] Group 1: Share Buyback Details - The share buyback program was announced on May 19, 2025, and involved transactions from June 9 to June 13, 2025 [2] - A total of 552,914 shares were purchased on June 9, 2025, across various market codes, with a daily weighted average price of €78.2352 [2] - The shares bought back under this program will be cancelled [3]
JDE Peet’s share buyback periodic update June 16, 2025
Globenewswire· 2025-06-16 12:00
Group 1 - JDE Peet's has repurchased 37,417 shares from June 9, 2025, to June 13, 2025, at an average price of EUR 23.90 per share, totaling EUR 0.9 million [1] - The total number of shares repurchased under the buyback program to date is 3,728,885 ordinary shares for a total consideration of EUR 70.0 million [2] - The share buyback program was announced on March 3, 2025, with a total budget of EUR 250 million [1] Group 2 - JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups of coffee or tea per second [3] - The company operates in over 100 markets with a portfolio of over 50 brands, including L'OR, Peet's, Jacobs, and Douwe Egberts [3] - In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed more than 21,000 employees globally [3]
Sydbank A/S share buyback programme: transactions in week 24
Globenewswire· 2025-06-16 08:53
Core Viewpoint - Sydbank A/S has initiated a share buyback program amounting to DKK 1,350 million, aimed at reducing its share capital, which commenced on March 3, 2025, and is set to conclude by January 31, 2026 [1][2]. Group 1: Share Buyback Program Details - The share buyback program is executed in compliance with the Safe Harbour rules as per Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052 [2]. - As of the latest announcement, a total of 1,029,000 shares have been repurchased, with a gross value of DKK 434,479,100 [2][4]. - In week 24, Sydbank A/S repurchased 46,000 shares, with a total gross value of DKK 20,545,050 [2]. Group 2: Transaction Breakdown - The transactions for week 24 included: - June 10, 2025: 12,000 shares at a VWAP of DKK 444.43, gross value DKK 5,333,160 - June 11, 2025: 12,000 shares at a VWAP of DKK 445.49, gross value DKK 5,345,880 - June 12, 2025: 11,000 shares at a VWAP of DKK 448.37, gross value DKK 4,932,070 - June 13, 2025: 11,000 shares at a VWAP of DKK 448.54, gross value DKK 4,933,940 [2]. - Following these transactions, Sydbank A/S holds a total of 1,030,375 own shares, representing 2.01% of the bank's share capital [4].
Share buyback programme – week 24
Globenewswire· 2025-06-16 07:12
Group 1 - The share buyback program is set to run from June 2, 2025, to January 30, 2026, with a total buyback amount of up to DKK 1,000 million, limited to a maximum of 1,600,000 shares [1][2] - As of the latest announcement, a total of 460,600 shares have been repurchased, representing 1.81% of the bank's share capital [2][3] - The average purchase price for shares bought back under the program is DKK 1,221.88, with a total expenditure of DKK 562,795,720 [2] Group 2 - The transactions conducted under the share buyback program comply with EU regulations, specifically EU Commission Regulation No. 596/2014 and EU Commission Delegated Regulation No. 2016/1052 [2] - Detailed transaction data shows that on June 10, 2025, a total of 46,400 shares were purchased at an average price of DKK 1,353.60, amounting to DKK 62,807,014 [2][4] - The bank's trading portfolio and customer investments are excluded from the total shares owned under the buyback program [2]
34/2025・Trifork Group: Weekly report on share buyback
Globenewswire· 2025-06-16 05:52
Core Viewpoint - Trifork Group has initiated a share buyback program, allowing the company to repurchase shares up to a total of DKK 14.92 million (approximately EUR 2 million) from 4 March 2025 to 30 June 2025 [1][2]. Group 1: Share Buyback Program Details - The share buyback program is in accordance with Regulation No. 596/2014 and will run until 30 June 2025 [1]. - As of the start of the program, Trifork held 256,329 treasury shares, which is 1.3% of the share capital [2]. - By 13 June 2025, a total of 112,959 shares had been repurchased at an average price of DKK 88.15, totaling DKK 9,957,628 [2]. Group 2: Utilization of Repurchased Shares - On 25 March, 25 April, and 23 May 2025, 4,370 shares from the buyback were used for the Executive Management's monthly fixed salary, transitioning from cash to share payments [3]. - On 1 April 2025, 19,943 shares were utilized for the RSU plan for Executive Management and certain employees [3]. Group 3: Current Treasury Shares and Outstanding Shares - Following the transactions, Trifork now holds a total of 344,975 treasury shares, which is 1.7% of the total registered shares [4]. - The total number of registered shares in Trifork is 19,744,899, leading to 19,399,924 outstanding shares after adjusting for treasury shares [4].
Analysts Love Lovesac, But Investors Should Be Cautious
MarketBeat· 2025-06-13 13:08
Core Viewpoint - Lovesac is emerging from legal issues and is positioned for a potential rebound in share price driven by growth, operational quality, and a shift towards sustainable profitability, despite existing risks [1][2]. Financial Performance - Lovesac reported Q1 net revenue of $138.4 million, reflecting a growth rate of 4.4%, outperforming competitors like Ethan Allen and La-Z-Boy, which are growing at slower rates or experiencing declines [4]. - The company has increased its store count by 21 compared to the previous year, with sales in that channel up by 18%. However, digital and other categories saw declines of 9% and 40.5%, respectively [5]. - Operational quality improvements led to a contraction in gross margin by 60 basis points and a reduction in SG&A expenses by 310 basis points, resulting in a significant contraction of GAAP losses by over 1,600 basis points [5][6]. Guidance and Analyst Outlook - Management has increased guidance for the year, expecting revenue around $725 million and EPS of approximately $1.05, both exceeding consensus forecasts [6]. - Analysts maintain a bullish outlook on Lovesac, with a consistent "Buy" rating and a price target of $31.67, indicating a potential upside of 88.27% from the current price of $16.82 [7][9]. Share Buyback and Risks - Lovesac initiated a share buyback program, significantly reducing share count, but faces risks of ceasing or reversing this program due to decreased cash position and assets [8][9]. - The expected average share count is projected to increase by 11.6% between Q2 and the full year, which may offset the impact of buybacks [10]. - Short interest remains elevated at over 20%, posing a risk of further stock price decline if shorts re-enter the market [11].
Dylan Media Controls 40% of Share Capital and Requests Significant Share Buyback Offer
Globenewswire· 2025-06-12 13:30
Core Points - CLIQ Digital AG has a new principal shareholder, Dylan Media B.V., which now holds approximately 19.1% of the shares and has agreements for an additional 21.2%, totaling a 40.3% stake in the company [1][9] - Dylan Media has requested CLIQ's Management and Supervisory Boards to include a significant share buyback offer in the agenda for the Annual General Meeting 2025, proposing to buy back up to 2,060,000 shares at €6.06 per share, which is 15% higher than the six-month volume-weighted average share price [2][4] - The proposed buyback would represent 59% of CLIQ's remaining free floating share capital and would lead to a reduction in CLIQ's share capital after the completion of the buyback [3][5] Shareholder and Market Impact - If the buyback is approved, shareholders can divest their shares at €6.06, which is a 75% increase from the Xetra closing price of €3.46 prior to the announcement [4] - Following the significant changes in shareholder structure and limited liquidity, CLIQ is considering delisting from all stock exchanges after the share buyback offer [5][6] - Dylan Media has decided not to pursue a public partial tender offer for CLIQ shareholders, reflecting a strategic shift after achieving significant influence through direct acquisitions [7] Upcoming Events - CLIQ has scheduled its Annual General Meeting for 21 August 2025 in Düsseldorf, where the share buyback offer and potential delisting will be discussed [8][9] - The company will provide further information regarding the results of the share buyback offer and delisting considerations in due course [5] Company Overview - CLIQ Digital is a data-driven online performance marketing company that sells bundled subscription-based digital products globally, operating in 40 countries with a workforce of 132 employees from 33 nationalities as of 31 December 2024 [12][13] - The company is headquartered in Düsseldorf and is listed in the Scale segment of the Frankfurt Stock Exchange [13]
Share Buyback Transaction Details June 5 – June 11, 2025
Globenewswire· 2025-06-12 08:00
Core Points - Wolters Kluwer has repurchased 222,303 ordinary shares for €34.4 million at an average price of €154.85 from June 5 to June 11, 2025 [2] - The company aims to repurchase shares worth up to €1 billion during 2025 as part of its share buyback program announced on February 26, 2025 [3] - Cumulatively, 2,972,609 shares have been repurchased in 2025, totaling €461.9 million at an average price of €155.38 [3] - The company has engaged third parties to execute €350 million of buybacks from May 8, 2025, to July 28, 2025 [3] - Repurchased shares will be held as treasury shares and used for capital reduction through share cancellation [4] Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion in 2024 and operates in over 40 countries, employing approximately 21,900 people [6] - The company provides professional information solutions, software, and services across various sectors including healthcare, tax, accounting, and legal [5] - Wolters Kluwer is listed on Euronext Amsterdam and included in major indices such as AEX and Euro Stoxx 50 [7]
Siili Solutions Plc: Share Repurchase 11.6.2025
Globenewswire· 2025-06-11 15:30
Siili Solutions Plc Announcement 11.6.2025 Siili Solutions Plc: Share Repurchase 11.6.2025 In the Helsinki Stock Exchange Trade date 11.6.2025 Bourse trade Buy Share SIILI Amount 1 000SharesAverage price/ share 6,3000EURTotal cost 6 300,00EUR Siili Solutions Plc now holds a total of 9 198 shares<td colspan="2" s ...