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Day: May 21, 2020

Acron Group’s Q1 2020 IFRS EBITDA Up 11% Quarter-on-Quarter

21 May 2020Acron Group’s Q1 2020 IFRS EBITDA Up 11% Quarter-on-QuarterToday, Acron Group (Moscow Exchange and LSE: AKRN) released its consolidated IFRS financial statements for Q1 2020.Key Financials (USD equivalent)Revenue was USD 423 million, down 5% year-on-year (up 7% quarter-on-quarter).EBITDA* was USD 110 million, down 31% year-on-year (up 11% quarter-on-quarter).Net loss was USD 153 million (Q1 2019: profit of USD 133 million, Q4 2019: profit of USD 30 million). The loss was primarily generated by non-cash items, namely a USD 148-million foreign exchange loss from revaluation of foreign currency-denominated assets and liabilities, due to a slump in the dollar to rouble exchange rate in the reporting period.Net debt was up 4% to USD 1,258 million from USD 1,215 million.Net debt/LTM EBITDA** was 2.5, up from 2.2.Operating ResultsOutput...

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Share Buyback Transaction Details May 14 – 20, 2020

Share Buyback Transaction Details May 14 – 20, 2020May 21, 2020 – Wolters Kluwer today reports that it has repurchased 60,176 its own ordinary shares in the period from May 14, 2020, up to and including May 20, 2020, for €4.0 million and at an average share price of €65.94.These repurchases are part of the share buyback program announced on February 26, 2020, under which we intend to repurchase shares for up to €350 million during 2020.The cumulative amounts repurchased to date under this program are as follows:Share Buyback 2020For the period starting May 7, 2020, up to and including August 3, 2020, we have engaged a third party to execute €50 million of buybacks on our behalf, within the limits of relevant laws and regulations (in particular Regulation (EU) 596/2014) and the company’s Articles of Association.Repurchased shares...

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BIC :Assemblée Générale Mixte et Conseil d’Administration 20 mai 2020

                               POUR PUBLICATION IMMÉDIATE                                             Assemblée Générale Mixte et Conseil d’Administrationde SOCIÉTÉ BIC du 20 mai 2020Versement d’un dividende ordinaire de 2,45 euros par actionClichy, France, 20 mai 2020 – Dans le contexte de l’épidémie de COVID-19, l’Assemblée Générale Mixte des actionnaires de SOCIÉTÉ BIC s’est tenue mercredi 20 mai 2020  à Clichy à huis clos, hors la présence physique de ses actionnaires.Elle a été présidée par M. Timothée BICH, administrateur.L’Assemblée a approuvé le versement, à compter du 3 juin 2020, d’un dividende ordinaire de 2,45 euros par action.Toutes les résolutions proposées ont été adoptées, parmi lesquelles :les comptes de l’exercice 2019 ;les autorisations à donner au Conseil d’Administration d’opérer sur les actions de la Société (rachats...

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Bic : AGM 2020 and Board of Directors

FOR IMMEDIATE RELEASE                                            May 20, 2020 Annual General Meeting and Board of DirectorsPayment of 2.45 euros ordinary dividend per shareClichy, France, 20 May 2020 – In the current environment of the COVID-19 epidemic, SOCIÉTÉ BIC Annual General Meeting was held on Wednesday, May 20, 2020 in Clichy, France, behind closed doors, without the physical presence of its shareholders.It was chaired by Mr. Timothée BICH, director.The Shareholders’ Meeting approved the payment, from June 3, 2020, of an ordinary dividend amount of 2.45 euros per share, and all the proposed resolutions, among them:the financial statements for 2019;the authorizations to be given to the Board of Directors to undertake operations with regards to the shares of the Company (share buyback and cancellation);the authorization to be given...

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The reorganization plan of Baltika was accepted by the creditors

On 27 March 2020, Aktsiaselts BALTIKA (hereinafter „Baltika“) announced to the public that it submitted a reorganization application to Harju County Court and on 26 March 2020, the court decided by a ruling to commence reorganization proceedings.On 30 April 2020, Baltika announced that it had submitted a reorganization plan prepared in Baltika’s reorganization proceedings for acceptance to the creditors. Baltika also published a brief summary of the reorganization plan. The creditors were asked to cast their vote on the reorganization plan no later than on 20 May 2020.In connection with the above, Baltika announces that as a result of the voting, the reorganization plan is accepted by the creditors. On the basis of the reorganization plan of Baltika, the creditors were in two groups and also the voting therefore took place in two groups....

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Baltika saneerimiskava võeti võlausaldajate poolt vastu

27. märtsil 2020 teavitas Aktsiaselts BALTIKA (edaspidi „Baltika“) avalikkust, et esitas Harju Maakohtule avalduse saneerimismenetluse algatamiseks ning 26. märtsi 2020. a määrusega otsustas kohus saneerimismenetluse algatada.30. aprillil 2020 teavitas Baltika, et on esitanud Baltika saneerimismenetluses koostatud saneerimiskava võlausaldajatele vastuvõtmiseks. Samuti avalikustas Baltika lühikokkuvõtte saneerimiskavast. Võlausaldajatel oli võimalik saneerimiskava osas anda oma hääl hiljemalt 20. mail 2020.Eelnevaga seoses annab Baltika teada, et toimunud hääletuse tulemusena on saneerimiskava võlausaldajate poolt vastu võetud. Baltika saneerimiskava alusel olid võlausaldajad kahes rühmas ja ka hääletus toimus seetõttu kahes rühmas. I rühma võlausaldajatest hääletas poolt 66,67% võlausaldajatest, kelle nõuete mahu alusel määratud hääled...

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Teekay Tankers Ltd. Reports First Quarter 2020 Results

HighlightsReported GAAP net income of $106.8 million, or $3.17 per share, and adjusted net income(1) of $110.0 million, or $3.27 per share, in the first quarter of 2020 (excluding items listed in Appendix A to this release).Total Adjusted EBITDA(1) of $155.4 million in the first quarter of 2020.Generated over $140 million of free cash flow(1) and completed approximately $60 million of vessel sales in the first quarter of 2020, reducing net debt(2) by approximately $200 million and increasing liquidity to approximately $368 million as of March 31, 2020.Secured strong second quarter to-date spot tanker rates of $52,100 per day for its Suezmax fleet and $33,600 per day for its Aframax-sized fleet.Entered into nine six-month to two-year time charter-out contracts for six Suezmaxes and three Aframax-sized vessels at attractive rates to a total...

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Teekay LNG Partners Reports First Quarter 2020 Results

HighlightsGAAP net loss attributable to the partners and preferred unitholders of $33.0 million and GAAP net loss per common unit of $0.50 in the first quarter of 2020.Adjusted net income(1) attributable to the partners and preferred unitholders of $52.2 million and adjusted net income per common unit of $0.58 in the first quarter of 2020 (excluding a $45 million non-cash vessel write-down and other items listed in Appendix A to this release).Total adjusted EBITDA(1) of $188.4 million in the first quarter of 2020, representing another quarterly record-high and up nearly 20 percent from the same quarter of the prior year.With recent charter of the 52 percent-owned Marib Spirit, the Partnership’s LNG fleet is now 100 percent chartered on fixed-rate contracts for the remainder of 2020; and 94 percent charter coverage for 2021.Fixed-rate...

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Teekay Corporation Reports First Quarter 2020 Results

HighlightsGAAP net loss attributable to shareholders of Teekay of $49.8 million, or $0.49 per share, and adjusted net income attributable to shareholders of Teekay(1) of $25.3 million, or $0.25 per share, in the first quarter of 2020 (excluding $44.9 million of income relating to the Foinaven transaction and other items listed in Appendix A to this release).Total adjusted EBITDA(1) of $342.2 million in the first quarter of 2020.Teekay Parent secured a new bareboat charter contract for the Foinaven FPSO, which included a $67 million upfront payment received in April 2020; and also eliminated its Teekay LNG incentive distribution rights (IDRs) in exchange for 10.75 million Teekay LNG common units.Teekay LNG reported record-high adjusted net income in the first quarter of 2020; increased its quarterly cash distributions by 32 percent paid...

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LUMIBIRD : MISE A DISPOSITION DE L’AMENDEMENT AU DOCUMENT D’ENREGISTREMENT UNIVERSEL 2019

Lannion, le 21 mai 2020– 7h45LUMIBIRD : MISE A DISPOSITION DE L’AMENDEMENTAU DOCUMENT D’ENREGISTREMENT UNIVERSEL 2019LUMIBIRD annonce avoir mis à la disposition du public et déposé auprès de l’Autorité des Marchés Financiers, l’amendement à son Document d’Enregistrement Universel au titre de l’exercice 2019.L’amendement au Document d’Enregistrement Universel est disponible :au siège social de LUMIBIRD : 2 rue Paul Sabatier, 22 300 Lannion.sur le site internet de la société : www.lumibird.com(rubrique « Informations réglementées »).Prochaine information : publication du chiffre d’affaires S1 2020, le 27/07/2020, après BourseLUMIBIRD est un des plus grands spécialistes mondiaux du laser. Fort de 50 années d’expérience et maîtrisant les technologies de laser à solides, de laser diodes et de laser à fibres, le Groupe conçoit, fabrique et...

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