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Final Approval of The Scheme of Arrangement
Globenewswire· 2025-11-21 15:30
New York Stock Exchange (“NYSE”) to be Primary Listing Venue of Shares and Delaware Incorporation of Diversified Energy Company Diversified Will Retain UK listing on the Equity Shares (International Commercial Companies Secondary Listing) Category BIRMINGHAM, Ala., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company plc (the “Company”) (NYSE:DEC, LSE: DEC) is pleased to announce that following the approval received at the shareholder meetings on November 10, 2025, the High Court of Justice of Engl ...
Banombia S.A.(CIB) - 2025 Q3 - Earnings Call Transcript
2025-11-07 15:02
Financial Data and Key Metrics Changes - Net income grew nearly 20% quarter-over-quarter and 43% year-over-year, driven by resilient margins and a sharp decline in provision charges [4][28] - ROE expanded by 288 basis points during the period, reaching 20.4% [5][28] - Grupo Cibest's standalone double leverage ratio was 106%, indicating strong creditworthiness and room for further leverage [5] Business Line Data and Key Metrics Changes - Nominal loan growth was flat during the quarter, but adjusted for effects, loan growth would have reached 1.2% quarter-over-quarter [4][14] - Consumer loans were the main driver of growth, with a notable increase in credit card usage and strong performance from Nequi [14][22] - Mortgages registered an annual growth of 11% [14] Market Data and Key Metrics Changes - The Colombian economy sustained its recovery through the third quarter, with economic activity likely expanding at an annual rate of 2.4% [10] - Central American operations showed notable resilience, with El Salvador expected to grow 2.2% and Guatemala projected to expand 3.6% [12] Company Strategy and Development Direction - The company is well-positioned to deliver sustained value creation for shareholders through a new corporate structure under the holding company [6] - The share buyback program launched in mid-July is enhancing ROE performance and boosting key valuation metrics [7][8] - The launch of Breve was completed smoothly, with Bancolombia and Nequi accounting for 52% of all digital keys registered [9] Management Comments on Operating Environment and Future Outlook - Management anticipates continued improvements in asset quality and a cost of risk in the range of 1.5%-1.7% for 2025 [31] - The company expects loan growth of approximately 3.5% for 2025, with a net interest margin estimated at 6.5% [30][31] - The management is confident that Nequi will reach profitability by 2026, following its separation from Bancolombia [81] Other Important Information - Net provisions amounted to COP 800 billion, a 24% quarterly drop and close to 48% annual contraction [24][25] - Operating expenses decreased by 2.4% during the quarter, driven by efficiency strategies [27] Q&A Session Summary Question: Sustainability of funding costs and potential upward revisions to ROE - Management emphasized a structural advantage in managing funding costs through a robust digital offer and physical presence [36] - ROE guidance for 2025 is around 17%, with potential for improvement [37] Question: Update on presidential elections and efficiency guidance - Management noted that clarity on candidates will emerge closer to the elections, with January and March being key months for assessment [44] - Efficiency guidance for 2026 is around 50%, with ongoing efforts to optimize expenses [46][48] Question: Loan growth breakdown and sustainable levels for new PDL - Loan growth for 2026 is guided at 7%, with consumer loans expected to grow around 10% [54] - Management indicated a cost of risk range of 1.6%-1.8% for 2026, reflecting improved credit risk behavior [55] Question: Model recalibration and tax rates - The model recalibration applies to all banks within Grupo Cibest, reflecting improved credit risk across countries [64] - The effective tax rate for Grupo Cibest is around 28%, varying by country [66] Question: Buyback program and Nequi's profitability roadmap - Management is satisfied with the buyback program's progress and remains flexible regarding future capital allocation [80] - Nequi is expected to continue its growth trajectory, with profitability anticipated in 2026 [81]
Banombia S.A.(CIB) - 2025 Q3 - Earnings Call Transcript
2025-11-07 15:00
Financial Data and Key Metrics Changes - Net income grew nearly 20% quarter-over-quarter and 43% year-over-year, driven by resilient margins and a sharp decline in provision charges [4][28] - Return on equity (ROE) expanded by 288 basis points during the period, reaching 20.4% [5][28] - The standalone double leverage ratio was 106%, indicating strong creditworthiness and room for further leverage [5] Business Line Data and Key Metrics Changes - Nominal loan growth was flat during the quarter, but adjusted for effects, loan growth would have reached 1.2% quarter-over-quarter and 5.9% annually [4][12] - Consumer loans were the main driver of growth, with credit card usage stimulated by marketing campaigns [12][22] - Mortgages registered strong growth, with an annual increase of 11% [12] Market Data and Key Metrics Changes - The Colombian economy sustained a recovery with an expected annual growth rate of 2.4% for the third quarter [9] - Economic activity in Central America showed resilience, with El Salvador expected to grow 2.2% and Guatemala projected to expand 3.6% [11] Company Strategy and Development Direction - The company is well-positioned to deliver sustained value creation for shareholders, supported by a new corporate structure under a holding company [5][30] - The share buyback program is progressing well, enhancing ROE performance and boosting key valuation metrics [6][28] - The launch of Nequi is seen as a significant step towards sustained profitability, with expectations of breakeven by Q1 of next year [5][56] Management's Comments on Operating Environment and Future Outlook - Management highlighted the effectiveness of the business model and operational capabilities in navigating a competitive market [4] - The company anticipates continued improvements in asset quality and a stable cost of risk, with projections for loan growth revised to approximately 3.5% for 2025 [30][31] - The cost of risk is expected to be in the range of 1.5-1.7%, indicating ongoing improvements [31] Other Important Information - The company processed approximately 70 million transactions amounting to COP 7.2 trillion in flows within the new digital key system [8] - The asset quality continued to improve, with a significant reduction in past due loans and a 24% quarterly drop in net provisions [24][25] Q&A Session Summary Question: Sustainability of funding costs and potential upward revisions to ROE - Management emphasized a structural advantage in funding costs due to a robust digital offer and physical presence, with guidance for ROE around 17% for 2025 [33][34] Question: Update on presidential elections and efficiency guidance - Management noted that clarity on candidates will improve by January, with efficiency guidance for 2026 set around 50% [37][40] Question: Loan growth breakdown and sustainable levels for new past due loans - Loan growth for 2026 is projected at 7%, with consumer loans expected to grow around 10% [42][44] Question: Model recalibration and tax rates - The model recalibration reflects improved credit risk across all countries, with an effective tax rate for Grupo Bancolombia around 28% [48][49] Question: Buyback program and Nequi's profitability roadmap - The buyback program is progressing well, and Nequi is expected to achieve profitability in 2026, with a strong performance in its loan book [56][58]
Material Fact of Share Buyback Program
Prnewswire· 2025-11-07 01:12
Core Points - Embraer S.A. has approved a share buyback program for its own issued shares, aimed at acquiring up to 10,800,000 ordinary shares, which is approximately 1.5% of the total outstanding shares [1][2] - The program will be effective from November 7, 2025, and will last for 12 months, concluding on November 6, 2026 [3] - The acquisitions will be conducted on the stock exchange at market prices, with the financial institution BTG Pactual Serviços Financeiros S/A DTVM facilitating the transactions [3] - The funding for the share buyback will come from the Company's Investment and Working Capital Reserve, amounting to R$ 2,511,611,561.56 (approximately 2.51 billion reais) [4] - The Company believes that the share buyback will not affect its shareholder composition or administrative structure and is compatible with its current financial situation [5]
Corbion reports the progress of its share buyback program 27 October – 31 October 2025
Globenewswire· 2025-11-03 06:00
Core Insights - Corbion has reported the details of its share buyback program initiated on 1 September 2025, indicating a significant commitment to returning value to shareholders [1] - As of the week ending 31 October 2025, a total of 102,003 shares were repurchased at an average price of €17.6450, amounting to €1,799,838.05 [1] - The total number of shares repurchased to date stands at 420,203, which represents 72.40% of the overall share buyback program [1] Weekly Updates - Corbion provides a weekly overview of the share buyback program every Monday on its website, detailing the daily amount of repurchased shares and individual transactions [2]
Tenaris to Commence a USD 600 million Second Tranche of its USD 1.2 Billion Share Buyback Program
Globenewswire· 2025-11-02 17:40
Group 1 - Tenaris S.A. announced a USD 1.2 billion Share Buyback Program, with the second tranche covering up to USD 600 million starting on November 3, 2025, and ending by April 30, 2026 [1][2] - The buyback will be executed by a primary financial institution independently, adhering to applicable regulations, including the Market Abuse Regulation [2] - Shares purchased under the Program will be cancelled in due course, authorized by the shareholders' meeting held on May 6, 2025 [3] Group 2 - Tenaris is recognized as a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]
Corbion reports the progress of its share buyback program 20 October – 24 October 2025
Globenewswire· 2025-10-27 06:00
Core Points - Corbion has reported details of its share buyback program initiated on 1 September 2025, indicating ongoing commitment to returning value to shareholders [1] - As of the week of 20 October to 24 October 2025, a total of 22,669 shares were repurchased at an average price of €17.2559, amounting to a total expenditure of €391,070.36 [1] - Cumulatively, the total number of shares repurchased to date is 318,200, which represents 54.83% of the overall share buyback program [1] Summary of Share Buyback Program - Corbion publishes a weekly update every Monday on its website regarding the progress of the share buyback program, providing detailed information on daily repurchased shares and individual transactions [2]
Corbion reports the progress of its share buyback program 13 October – 17 October 2025
Globenewswire· 2025-10-20 05:00
Corbion hereby reports the transaction details related to its share buyback program announced on 1 September 2025. During the week of 13 October up to and including 17 October 2025 a total of 29.981 shares were repurchased at an average price of €16.6672 for a total amount of €499,698.04 To date, the total consideration for shares repurchased amounts to €5,024,854.16 representing 50.25% of the overall share buyback program. Corbion publishes on a weekly basis every Monday, an overview of the progress of the ...
Festi hf.: Buyback program week 41
Globenewswire· 2025-10-13 08:30
Core Points - Festi has executed a buyback program, purchasing a total of 160,627 own shares for 49,671,235 ISK in week 41 of 2025 [1] - Prior to the recent purchases, Festi held 2,466,226 own shares, representing 0.79% of issued shares, and after the buyback, it now holds 2,626,853 own shares, or 0.84% of issued shares [2] - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included purchases on specific dates with the following details: - October 6, 2025: 10,627 shares at 305 ISK per share for a total of 3,241,235 ISK - October 7, 2025: 50,000 shares at 306 ISK per share for a total of 15,300,000 ISK - October 8, 2025: 40,000 shares at 308 ISK per share for a total of 12,320,000 ISK - October 9, 2025: 30,000 shares at 314 ISK per share for a total of 9,420,000 ISK - October 10, 2025: 30,000 shares at 313 ISK per share for a total of 9,390,000 ISK [1] Compliance and Regulations - The execution of the buyback program is in accordance with relevant laws and regulations, including the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse [1]
Corbion reports the progress of its share buyback program 6 October – 10 October 2025
Globenewswire· 2025-10-13 05:00
Corbion hereby reports the transaction details related to its share buyback program announced on 1 September 2025. During the week of 6 October up to and including 10 October 2025 a total of 35.578 shares were repurchased at an average price of €16.7661 for a total amount of €596,504.09 To date, the total consideration for shares repurchased amounts to €4,525,155.64 representing 45.25% of the overall share buyback program. Corbion publishes on a weekly basis every Monday, an overview of the progress of the ...