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FLSmidth announces intention to initiate a new share buy-back programme of up to DKK 1.0 billion
Globenewswire· 2026-02-17 12:05
Core Viewpoint - FLSmidth & Co. A/S plans to initiate a new share buy-back programme of up to DKK 1.0 billion following the release of its Q1 2026 financial results, supported by a solid balance sheet and expected cash proceeds from the sale of its former corporate headquarters totaling DKK 730 million [1][2]. Group 1: Share Buy-Back Programme Details - The share buy-back programme aims to adjust FLSmidth's capital structure, with repurchased shares intended for cancellation at a General Meeting after the programme's completion [3]. - The programme is subject to approval at the Annual General Meeting on 24 March 2026, which includes renewing the Board of Directors' authorization to acquire own shares [4]. - The execution of the share buy-back will comply with EU regulations on market abuse and safe harbour provisions [5]. Group 2: Financial Timeline and Impact - The share buy-back programme is expected to commence after the Q1 2026 Interim Financial Report, anticipated on 13 May 2026, and is expected to be completed before the Annual General Meeting in 2027 [6]. - The new share buy-back initiative does not affect the ongoing programme, which is expected to conclude before the next Annual General Meeting on 24 March 2026 [7].
FLSmidth & Co. A/S financial calendar for 2026
Globenewswire· 2025-11-12 12:30
Core Points - FLSmidth has scheduled key financial report release dates and the annual general meeting for 2026 [1][3] - The company aims for zero emissions in mining by 2030 as part of its sustainability ambition, MissionZero [1] - FLSmidth is committed to improving sustainability performance in the global mining industry and aims to achieve carbon neutrality in its operations by 2030 [1] Financial Reporting Schedule - 18 February 2026: Release of the 2025 Annual Report [3] - 24 March 2026: Annual General Meeting [3] - 13 May 2026: Q1 2026 Interim Financial Report [3] - 19 August 2026: H1 2026 Interim Financial Report [3] - 11 November 2026: Q3 2026 Interim Financial Report [3] Company Overview - FLSmidth is a full flowsheet technology and service supplier to the global mining industry [1] - The company focuses on enabling customers to improve performance, lower operating costs, and reduce environmental impact [1]
FLSmidth closes the sale of the Cement business to Pacific Avenue Capital Partners
Globenewswire· 2025-10-31 08:30
Core Points - FLSmidth has completed the sale of its Cement business to Pacific Avenue Capital Partners, a global private equity firm [1] - The transaction does not affect FLSmidth's previously announced financial guidance for the full year 2025 [1] Company Overview - FLSmidth is a technology and service supplier to the global mining industry, focusing on improving performance, lowering operating costs, and reducing environmental impact [2] - The company has a sustainability ambition called MissionZero, aiming for zero emissions in mining by 2030 and plans to become carbon neutral in its own operations by 2030 [2]
Trading in FLSmidth & Co. A/S shares by board members, executives and associated persons
Globenewswire· 2025-06-27 05:27
Company Announcement - FLSmidth & Co. A/S disclosed transactions made by its board members and executives in accordance with market abuse regulations [1][2] - The company has been granted power of attorney by its board members and executives to publish their trading activities [2] Executive Transactions - Mikko Keto, the CEO, sold 20,000 shares for a total of DKK 7,864,651.60 and now holds 23,484 shares [3] - The transaction was motivated by the need to fulfill tax obligations related to vested shares from long-term incentive plans [3] Company Overview - FLSmidth is a technology and service supplier to the global mining industry, focusing on improving performance, reducing costs, and minimizing environmental impact [4] - The company has set a sustainability goal, MissionZero, aiming for zero emissions in mining by 2030 and plans to become carbon neutral in its operations by 2030 [4]