Day: May 21, 2022

Audited annual report 2021 of AS Pro Kapital Grupp

Audited annual report 2021 of AS Pro Kapital Grupp

The Supervisory Board of AS Pro Kapital Grupp has approved the company’s audited annual report for 2021. Compared to the unaudited interim report published on 28 February, there are no differences in the financial statements regarding the financial results, but adjustments have been made to the income statement and corresponding cash flow items due to the adjustments related to derecognition of the bankrupt subsidiary. The effect of the derecognition of the subsidiary was a total profit of 27.747 million euros. The audited annual report shows the following changes compared to the interim report:  finance income decreased by EUR 53.807 million;  finance expenses decreased by EUR 26.060 million;  Other operating income increased by EUR 27.747 million. The result of discontinued operations was incorrectly reported to be higher by...

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Audited annual report 2021 of AS Pro Kapital Grupp

Audited annual report 2021 of AS Pro Kapital Grupp

The Supervisory Board of AS Pro Kapital Grupp has approved the company’s audited annual report for 2021. Compared to the unaudited interim report published on 28 February, there are no differences in the financial statements regarding the financial results, but adjustments have been made to the income statement and corresponding cash flow items due to the adjustments related to derecognition of the bankrupt subsidiary. The effect of the derecognition of the subsidiary was a total profit of 27.747 million euros. The audited annual report shows the following changes compared to the interim report:  finance income decreased by EUR 53.807 million;  finance expenses decreased by EUR 26.060 million;  Other operating income increased by EUR 27.747 million. The result of discontinued operations was incorrectly reported to be higher by...

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Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2022 (Unaudited)

Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2022 (Unaudited)

MANAGEMENT REPORT CEO summary The first quarter of 2022 has been an atypical one. The Ukraine war started in February caused some concerns due to the geopolitical risks perceived in the area. However, after the initial (and understandable) concerns, the markets showed a good resiliency from the demand side, and we have seen no drop in the real estate prices and in the interest shown by potential buyers of real estate assets. The construction market still poses some challenging issues, due to the increase in cost of materials caused by the complications related to Covid-19 and relative problems in the supply chain and the impossibility of obtaining materials from the regions affected by the war. Real estate development In Tallinn, we have continued construction of Kindrali Houses and Kalaranna projects. In the first quarter of 2022 we continued...

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Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2022 (Unaudited)

Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2022 (Unaudited)

MANAGEMENT REPORT CEO summary The first quarter of 2022 has been an atypical one. The Ukraine war started in February caused some concerns due to the geopolitical risks perceived in the area. However, after the initial (and understandable) concerns, the markets showed a good resiliency from the demand side, and we have seen no drop in the real estate prices and in the interest shown by potential buyers of real estate assets. The construction market still poses some challenging issues, due to the increase in cost of materials caused by the complications related to Covid-19 and relative problems in the supply chain and the impossibility of obtaining materials from the regions affected by the war. Real estate development In Tallinn, we have continued construction of Kindrali Houses and Kalaranna projects. In the first quarter of 2022 we continued...

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BW Offshore: Contract extension for Espoir Ivoirien

BW Offshore: Contract extension for Espoir Ivoirien

Contract extension for Espoir Ivoirien BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Espoir Ivoirien. The firm period has been extended until end Q1 2023. The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International (Cote D’Ivoire) SARL. For further information, please contact:Ståle Andreassen, CFO, +65 97 27 86 47Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 12 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has...

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Western Resources Corp. and Vantage Chance Limited Signs Amended and Restated Subscription Agreement

Western Resources Corp. and Vantage Chance Limited Signs Amended and Restated Subscription Agreement

VANCOUVER, British Columbia, May 20, 2022 (GLOBE NEWSWIRE) — Western Resources Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that it has entered into an Amended and Restated Subscription Agreement (the “Amendment”) originally signed on February 16, 2022 with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a wholly owned subsidiary of the Company. The Amendment includes, among others, the following two material changes:             1. Subject to satisfaction or waiver of all closing conditions, the Investment Transaction will close in two tranches:       a. on or before May 31, 2022, Vantage will purchase from WPHC and WPHC agrees to issue to Vantage 64,896,592...

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The Keg Royalties Income Fund Announces Trustee Election Results for its 2022 Unitholder Meeting

The Keg Royalties Income Fund Announces Trustee Election Results for its 2022 Unitholder Meeting

VANCOUVER, British Columbia, May 20, 2022 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce that all of the nominees listed in its information circular dated April 11, 2022 were elected as trustees of the Trust at its annual meeting of unitholders held on May 17, 2022 (the “Meeting”). The results of the voting for each nominee are as follows: Nominee Votes For Votes Withheld No. % No. % Christopher Charles Woodward 7,658,871 91.20% 738,958 8.80% Tim Kerr 7,777,577 92.61% 620,252 7.39% In addition, the Fund reports that the appointment of KPMG LLP as the Fund’s auditors for the 2022 fiscal year was passed by a majority of the votes represented at the Meeting. About The Keg Royalties Income Fund The Fund is a limited purpose, open-ended trust established under the laws...

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The Flowr Corporation Announces Fourth Quarter and Full Year 2021 Results

The Flowr Corporation Announces Fourth Quarter and Full Year 2021 Results

Highlights: In 2021, the Company generated gross revenue of approximately $14.9 million and generated gross revenue of $4.3 million during the fourth quarter. During the year, the Company sold 6,627,052 grams of dried cannabis flower, an increase of 372% as compared to the prior year. The Company has expanded in format sizes beyond is signature 3.5 gram jars to include 7 gram and 14 gram bags. Flowr launched BC Dog Walkers in Ontario, British Columbia, and Alberta. The BC Dog Walkers highlight the Company’s ability to react to consumer demand and bring novel formats to market. Flowr exported its first shipment of medical cannabis from Kelowna, British Columbia to Israel in December 2021 valued at $825,000, which has opened up an import revenue channel for the Company. In 2021, the Company repaid approximately $15.6 million in overall...

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