Month: September 2021

Toomas Luman holds directly and indirectly via the companies controlled by him 70% of the shares in Nordic Contractors AS. On September 14, 2021 Nordic Contractors AS that holds 54.31% of the shares of Nordecon AS will transfer 650,000 shares of Nordecon AS held by them to Toomas Luman through Nasdaq Tallinn stock-exchange at the market price. As a result of the transaction, Toomas Luman acquires 2.01% of the shares of Nordecon AS. As a result of the transfer there is no change in the substantial holding. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Sweden, Finland and Ukraine. The parent of the Group is Nordecon AS, a company registered and located...

NRD Companies, a global IT and consulting group that provides IT solutions for public, financial, and retail sectors in all five continents, has expanded its operational scope to 23 countries during the first half of 2021. In comparison, the group was operating in 20 countries during the same period last year. During the first half of 2021, the group’s revenue decreased by 13% compared to the same period in 2020—from €3.847M to almost €3.342M. EBITDA (earnings before interest, taxes, depreciation, and amortization) dropped from €420K to €204K. “The pandemic has altered the plans of our clients. For instance, we saw a decrease in income from clients working in the retail and tax administration sectors. That said, there was a noticeable increase in revenue from other sectors,” explained Mindaugas Glodas, CEO of NRD Companies. Changes in...

In connection with the company’s Capital Markets Day, Pandora today announces new financial targets and provides further insights into its growth strategy, Phoenix. HighlightsPandora enters a new chapter of growth with significant value creation potential Wide range of growth opportunities in or close to the existing core business will drive EBIT margin expansion and continued strong cash generation Pandora targets organic growth of 5-7% CAGR during 2021-2023. Total revenue growth CAGR is expected to be 6-8%, lifting revenue to DKK 24.8-26.2 billon in 2023 EBIT margin is expected to increase to 25-27% in 2023 Pandora also increases share buyback program by DKK 3 billion (see company announcement no. 650) Pandora invests DKK 1 billion in expanding manufacturing capacity by around 60%. To strengthen supply resilience, the majority of...

The Board of Directors of Pandora has today decided to increase the ongoing DKK 500 million share buyback programme announced on 17 August 2021, cf. Company Announcement no. 644. Under the revised programme, Pandora will repurchase shares for an aggregate maximum amount of DKK 3.5 billion, of which DKK 0.2 billion has already been completed and DKK 3.3 billion is remaining. The revised programme takes effect immediately and concludes no later than 4 February 2022. Anders Boyer, CFO of Pandora, says:”After completing a successful turnaround, Pandora is now firmly back on the growth track. We remain a highly cash generative business, and because our leverage is also at the very low end of our capital structure policy, we have decided to increase cash distribution to our shareholders.” Pandora has previously completed a DKK 500 million share...

SEATTLE, Sept. 13, 2021 (GLOBE NEWSWIRE) — Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH) today announced the upsizing and pricing of an offering of $385 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2026 (the “notes”) through a private offering to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the notes offering has been upsized from $350 million to $385 million. Porch has also granted the initial purchasers an option to purchase, exercisable within the 30-day period immediately following the pricing date of the offering, up to an additional $40 million aggregate principal amount of notes. The offering is expected to close on September 16, 2021, subject to customary closing conditions. The notes...

HIGHLIGHTSObjective to minimize CO2 emissions from future operations and related supply-chain activities Regionally sourced CO2 may be utilized to optimize the flowsheet, reduce reagent costs, as well as potential sequestration Aligns with recent White House Carbon Capture, Utilization and Sequestration announcement Aims to make the Gulf Coast region an industry leading producer of sustainable lithium chemicalsEL DORADO, Ark., Sept. 14, 2021 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project development company, announced that it is undertaking a pilot project in southern Arkansas to test a novel carbon capture technology. The pilot project will be undertaken in collaboration with the owner of the technology,...

AS LHV Group (registry code 11098261, address Tartu mnt 2, 10145 Tallinn; LHV) hereby announces a public offering of shares (the Offering). The Offering will be carried out based on the public offering, listing and admission to trading prospectus registered by the Estonian Financial Supervision Authority (the EFSA) on 13 September 2021 which has been published on the date of this announcement on the websites of LHV and the EFSA (the Prospectus). The Estonian translation of the Prospectus has been made available on LHV website. The terms and conditions of the Offering are described in the Prospectus. Key terms of the Offering The Offering is based on the resolution of the Special General Meeting of shareholders of LHV, adopted on 23 August 2021, resolving to increase the share capital by EUR 25.34 million (the sum of the nominal value and...

In August, LHV Group earned EUR 5 million in consolidated net profit. LHV Pank earned EUR 5.3 million in net profit, EUR 1.2 million of which was from serving clients associated with the United Kingdom branch, and EUR 0.4 million from LHV Varahaldus. LHV Kindlustus generated a net loss of EUR 0.1 million in August. The Group’s consolidated volume of deposits grew by EUR 268 million in August, with its loan portfolio growing by EUR 30 million and the volume of funds managed by LHV growing by EUR 11 million. In August, the number of payments processed in relation to clients who are financial intermediaries reached 2 million. The results of the bank were affected by interest income and the growing activity of clients. The bank added 5,000 clients within the month, with the number of clients who use settlements growing by 1,900. Of the growth...