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Currency Exchange International, Corp. Announces Approval to Amend Share Buyback Program
Globenewswire· 2025-08-20 23:37
Core Viewpoint - Currency Exchange International, Corp. ("CXI") has announced an amendment to its normal course issuer bid (NCIB), increasing the maximum number of common shares that may be repurchased from 316,646 to 377,000, which represents 10% of the public float as of the current date [1][5]. Group 1: Share Buyback Program - The amendment to the NCIB is effective from August 25, 2025, and allows for the repurchase of an additional 60,354 shares [1]. - As of August 18, 2025, CXI has repurchased 221,400 common shares at a weighted-average price of C$20.84 since the program began on December 2, 2024 [2]. - The company will purchase shares on the open market through the TSX and alternative Canadian trading platforms, with all repurchased shares being cancelled [3]. Group 2: Purchase Guidelines - Under TSX policies, CXI can repurchase a maximum of 1,000 shares in a single trading day and is allowed to make a block purchase once per week [4]. - The purchases will be funded through available cash, and the actual number and timing of purchases will be determined by CXI [4]. Group 3: Rationale for Buyback - The Board of Directors believes that the market price of the common shares may not fully reflect their long-term value, making the buyback an attractive use of available funds [5]. - The company has amended its automatic share purchase plan (ASPP) to allow for the purchase of up to 377,000 shares under the ASPP, which will be included in the NCIB calculations [6]. Group 4: Company Overview - Currency Exchange International provides foreign exchange technology and processing services for banks, credit unions, businesses, and consumers, with primary products including currency exchange, wire transfer payments, and foreign cheque clearing [7].
Century Casinos(CNTY) - 2025 Q2 - Earnings Call Transcript
2025-08-07 15:00
Financial Data and Key Metrics Changes - The company reported record revenues of $150.8 million for Q2 2025, a 10% increase year-over-year, and a 50% sequential increase in adjusted EBITDAR to $30.3 million [5][30] - The net debt to EBITDA ratio improved from 6.9 times to 6.2 times, and lease adjusted ratio decreased from 7.6 to 7.3 [30][31] Business Line Data and Key Metrics Changes - The Caruthersville Casino and Hotel in Missouri saw a 24% revenue growth and a 30% increase in EBITDAR, with a 43% margin [10][12] - The new hotel at Casiarado contributed to a doubling of cash revenue compared to the same quarter last year, with food and beverage revenue increasing by 31% [14] - The Mountaineer Casino Resort in West Virginia reported a 12% increase in EBITDA, driven by a 39% increase in iGaming revenue [22] Market Data and Key Metrics Changes - In Poland, total revenue grew 23% year-over-year, resulting in a 306% increase in EBITDAR from $0.5 million in 2024 to $1.8 million in 2025 [28] - The Canadian segment saw a 6% increase in slot coin-in and a 2.8% growth in EBITDAR [26] Company Strategy and Development Direction - The company announced a partnership with BetMGM to operate an online sports betting application in Missouri, expected to contribute significantly to financials in 2026 [6][7] - A strategic review of operations and capital structure is underway, exploring potential asset sales and strategic partnerships to enhance shareholder value [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding consumer sentiment and spending power, particularly benefiting from recent legislative changes [33] - The company anticipates continued growth in the second half of the year, supported by improved trends in various sectors [58] Other Important Information - The company is committed to divesting its Polish operations and expects to sign a letter of intent with an Eastern European gaming group soon [8][29] - The company has no debt maturities until 2029 and plans to spend no more than $20 million on growth and maintenance projects this year [30][31] Q&A Session Summary Question: What is driving the improvement in margins at Rocky Gap despite weather disruptions? - Management noted a comeback of lower-end customers and a more granular marketing strategy leading to increased slot and hotel revenue [40][42] Question: Why was the stock repurchase amount lower than expected? - The company faced volume and timing limits under its 10b5-1 plan, affecting the total repurchase amount [43][47] Question: What is the outlook for Poland's growth? - The growth is attributed to the timing of licenses and openings, with expectations to return to previous revenue levels by Q4 [50][56] Question: Are there benefits from consumers staying closer to home instead of traveling to Las Vegas? - Management indicated a larger reach due to improved capacity and product offerings, potentially attracting customers who prefer local options [71][72] Question: What is the long-term EBITDAR target? - The company maintains that a target of $150 million EBITDAR is reasonable, contingent on the return of retail and lower-end customers [79][80]
Festi hf.: Buyback program week 31
Globenewswire· 2025-08-04 12:50
Core Points - Festi has executed a buyback program, purchasing a total of 140,000 own shares for 42,700,000 ISK in week 31 of 2025 [1] - Prior to the recent purchases, Festi held 926,226 own shares, representing 0.30% of issued shares, and after the buyback, it now holds 1,066,226 own shares, or 0.34% of issued shares [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2] Purchase Details - The buyback transactions occurred on three separate dates: - 35,000 shares were purchased on July 28, 2025, at a share price of 305 ISK, totaling 10,675,000 ISK [1] - 65,000 shares were purchased on July 30, 2025, at the same share price, totaling 19,825,000 ISK [1] - 40,000 shares were purchased on July 31, 2025, again at 305 ISK, totaling 12,200,000 ISK [1] - The total number of shares purchased during this buyback program now stands at 820,000 shares for a total expenditure of 244,640,000 ISK [2]
Velcan Holdings: Share buyback program
Globenewswire· 2025-07-16 14:00
Luxembourg, 16 July 2025 SHARES REPURCHASE PROGRAMMEAuthorized by the shareholders’ meeting held on 29th June 2021Implemented upon the decision of the Board of Directors dated 8 January 2025, DISCLOSURE OF PURCHASES EFFECTED FROM 7 JULY 2025 TO 11 JULY 2025 Market: Euro MTF, LuxembourgType of shares: ordinary shares ISIN FR0010245803 Trading date Number of shares purchasedPurchase price per share Total amount of purchases PurposeMarket10/07/2025750€ 17.93<td style="width:115.27px;;border-t ...
Festi hf.: Buyback program week 28
Globenewswire· 2025-07-14 08:30
Core Viewpoint - Festi has executed a buyback program, purchasing a total of 150,000 own shares for 44,250,000 ISK in week 28 of 2025, in compliance with relevant regulations [1] Group 1: Buyback Program Details - Prior to the recent purchases, Festi held 411,226 own shares, representing 0.13% of issued shares [2] - After the buyback, Festi now holds 561,226 own shares, which is 0.18% of issued shares, having bought a total of 315,000 own shares for 91,275,000 ISK [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, or 0.80% of issued shares, with a maximum purchase price of 800 million ISK [2]
Compagnie de l'Odet : Availability of the description of share buyback program
Globenewswire· 2025-06-20 15:45
Group 1 - The shareholders of Compagnie de l'Odet authorized a share buyback program during the Combined General Meeting held on June 17, 2025 [2] - The Board of Directors has been granted the authority to implement the share buyback program and can delegate powers in accordance with the law [2] - Details of the share buyback program will be included in the 2024 annual financial report as per the regulations of the Autorité des Marchés Financiers (AMF) [2]
DÉKUPLE: COMBINED GENERAL MEETING ON 13 JUNE 2025 - Dividend of €0.76 per share, to be paid out on 20 June 2025
Globenewswire· 2025-06-13 16:30
Group 1 - The Combined General Meeting of ADLPartner was held on June 13, 2025, where the full-year accounts for 2024 were approved [2] - A dividend of €0.76 per share was approved, with the ex-dividend date set for June 18, 2025, and payment scheduled for June 20, 2025 [3] - The annual compensation for Board members was increased to €190,000 from the previously proposed €170,000, effective from the 2025 financial year [4] Group 2 - All other resolutions submitted during the meeting were adopted, with details on quorum conditions and voting results to be posted on DÉKUPLE's website [5] - The approval included the compensation policy for corporate officers and the authorization for a share buyback program [8] - DÉKUPLE, founded in 1972, recorded net sales of €218 million in 2024 and operates in Europe, North America, and China, employing over 1,100 people [6]
ASM announces start of €150 million share buyback program
Globenewswire· 2025-04-29 16:06
Almere, The NetherlandsApril 29, 2025, 6:00 p.m. CET ASM International N.V. (Euronext Amsterdam: ASM) today announces that it will start a share buyback program of ASM’s common shares of €150 million. This program follows on ASM's announcement on February 25, 2025, that the Management Board authorized a share buyback program for up to €150 million. The program commences on April 30, 2025, and is to end as soon as the aggregate purchase price of the common shares acquired by ASM has reached €150 million, bu ...
Kering - Press release - Description of the Share Buyback Program - April 24 2025
Globenewswire· 2025-04-24 17:35
Core Points - The General Shareholders' Meeting of Kering on April 24, 2025, renewed the authorization for a share buyback program and capital reduction through share cancellation [2][3] - Kering currently holds 825,620 shares, representing 0.67% of its share capital [4] - The share buyback program aims to ensure liquidity, meet obligations related to employee share plans, and facilitate investments or financing [5] Share Buyback Program Details - Kering's share capital is €493,683,112, divided into 123,420,778 shares [6] - The maximum proportion of shares Kering can hold is set at 10%, equating to a maximum of 12,342,077 shares [7] - The maximum purchase price for shares is €700, with a total maximum allocation of €8,639,453,900 for the program [8] Authorization and Duration - The authorization for the share buyback program is valid for 18 months, expiring on October 24, 2026 [9] - Previous authorizations for share buybacks were not utilized, except for a liquidity agreement [10] Liquidity Agreement - Kering has a liquidity agreement in place since February 13, 2019, which has been renewed annually [11] - An amendment to this agreement reduced the liquidity account resources by €25 million as of July 1, 2021 [12] Company Overview - Kering is a global luxury group with brands including Gucci, Saint Laurent, and Bottega Veneta, employing 47,000 people and generating €17.2 billion in revenue in 2024 [15]