Capital Reduction
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East West Petroleum Provides Update on Special Distribution
Newsfile· 2025-09-11 11:00
Core Viewpoint - East West Petroleum Corp. is executing a capital reduction of approximately $2,714,570 and a special distribution of $0.03 per common share to its shareholders [1][2][3] Group 1: Capital Reduction and Special Distribution - The capital reduction will involve re-designating existing common shares as Class A Common Shares and creating a new class of common shares [3] - Each Class A Common Share will be exchanged for one New Common Share and a pro rata share of the distribution, amounting to $0.03 in cash per Class A Common Share [3] - The total reduction in stated capital will be approximately $2,714,570, and Class A Common Shares will be eliminated as a class [3] Group 2: Payment Process - The special distribution will be paid by Computershare Investor Services Inc., with registered shareholders on record by September 15, 2025, receiving their payment around September 19, 2025 [2] - Beneficial shareholders will receive payment through their intermediaries, each following their own payment process [2] Group 3: Trading Procedures - The TSX Venture Exchange has determined that "Due Bill" trading procedures will apply, allowing purchasers of shares during the specified period to receive the distribution instead of the seller [4] - Due Bills will be redeemed on September 22, 2025, after all trades with attached Due Bills have settled [4]
East West Petroleum Shareholders Approve Capital Reduction and All Other Matters at the Annual and Special Meeting
Newsfile· 2025-09-05 20:30
Group 1 - The shareholders of East West Petroleum Corp. approved all resolutions at the Annual and Special Meeting held on September 5, 2025, including the re-election of three board members [1][2] - A special resolution was passed to approve a capital reduction of up to $3 million from the company's stated capital of $37,224,841, allowing for a distribution of $0.03 per common share to shareholders [2][3] - Following the meeting, Nick DeMare was appointed as Interim CEO and Corporate Secretary, while Harvey Lim was appointed as Interim CFO [4] Group 2 - The company will issue a further news release once the effective date for the capital reduction and distribution is finalized [3] - The existing stock option plan was ratified, allowing the company to grant stock options up to 10% of its issued and outstanding common shares [2] - The management information circular regarding the meeting is available for free on the Canadian Securities Administrators' website [3]
Euronext announces the cancellation of repurchased shares
GlobeNewswire News Room· 2025-08-05 14:54
Core Points - Euronext has announced the cancellation of 2,692,979 ordinary shares as part of its €300 million share repurchase program completed on 10 March 2025 [1] - The cancellation aligns with the company's intention to reduce capital, as previously stated in the announcement of the share repurchase program on 7 November 2024, and was approved by shareholders during the Annual General Meeting on 15 May 2025 [1] - Following the cancellation, Euronext's issued share capital is now €162,468,044.80, divided into 101,542,528 ordinary shares [2] Company Overview - Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, settlement, and custody [4] - The company operates MTS, a major electronic fixed income trading market, and Nord Pool, the European power market, while also providing clearing and settlement services through Euronext Clearing and its CSDs in Denmark, Italy, Norway, and Portugal [4] - As of June 2025, Euronext's regulated exchanges host nearly 1,800 listed issuers with a market capitalization of €6.3 trillion, handling 25% of European lit equity trading [5]
Implementation of capital reduction at Jyske Bank A/S
Globenewswire· 2025-06-12 11:54
Core Points - Jyske Bank A/S has decided to reduce its share capital by DKK 27,651,180, equivalent to 2,765,118 shares of DKK 10 nominal value, through cancellation of own shares, which will be distributed to shareholders [1] - The capital reduction has been registered with the Danish Business Authority following the expiry of the deadline for creditors to lodge their claims [2] - Post-capital reduction, Jyske Bank's share capital stands at DKK 615,069,770, distributed over 61,506,977 shares of DKK 10 nominal value [2] - After the capital reduction, Jyske Bank holds 998,572 own shares, representing 1.62% of the company's share capital [3]
Norsk Hydro: Minutes from the Annual General Meeting 2025
Globenewswire· 2025-05-09 12:15
Core Points - The Annual General Meeting (AGM) of Norsk Hydro ASA took place on May 9, 2025, where all proposals from the Board of Directors were adopted, including a dividend distribution of NOK 2.25 per share [1] - A capital reduction was resolved through the cancellation of own shares and redemption of shares held by the Norwegian State [1] Dividend Details - The dividend will be paid on May 20, 2025, to shareholders registered as of May 9, 2025, with the shares trading excluding the right to dividend from May 12, 2025 [2] - Shareholder proposals were presented but none were adopted during the meeting [2] Additional Information - The minutes of the AGM are available on the company's website [3] - Contact information for investor and media inquiries is provided [3]