Day: August 25, 2022

Triangular merger of Yara’s Clean Ammonia business into Yara Clean Ammonia completed

Written by Customer Service on August 25, 2022. Posted in Public Companies.

Oslo, 25 August 2022: Reference is made to the announcement made yesterday on 24 August 2022 regarding completion of the demerger of Yara International ASA (“Yara”) in connection with the internal reorganization and transfer of Yara’s Clean Ammonia business to a wholly owned subsidiary of Yara through a demerger and a subsequent triangular merger. The triangular merger whereby the intermediate company Yara Clean Ammonia NewCo AS is merged with Yara Clean Ammonia Holding AS has now been registered as completed in the Norwegian Register of Business Enterprises. As a result of completion of the merger, the share capital of Yara is increased through an increase of the nominal value of each share. The new share capital of Yara is NOK 433,033,565.90, divided by 254,725,627 shares, i.e. as before the demerger. Thus, following...

Ensurge Signs Agreement with First Strategic Partner

Written by Customer Service on August 25, 2022. Posted in Public Companies.

SAN JOSE, Calif., August 25, 2022 – Ensurge Micropower (OSE: ENSU, and OTCIQ: ENMPY), a leading provider of solid-state lithium microbatteries for a new generation of wearables and IoT devices today announced the signing of it´s first agreement with a strategic partner as the initial step in our engagement. Ensurge plans to provide the strategic partner, a large multinational consumer devices leader, with samples of its Ensurge microbattery unit cells for evaluation. Ensurge is completing the manufacturing of these unit cell samples now and will ship them by end of next week. “This is the first step in our strategic partnership initiative aimed at accelerating the adoption and proliferation of Ensurge technology across increasing use cases and volumes,” said Kevin Barber, Ensurge Chief Executive Officer. “These engagements...

Proactive news headlines including Anson Resources, Latrobe Magnesium, Taruga Minerals and Magnis Energy Technologies

Written by Customer Service on August 25, 2022. Posted in Mergers And Acquisitions.

Sydney, Aug. 25, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:Anson Resources Ltd’s (ASX:ASN) share prices have surged upon executing a binding memorandum of understanding (MoU) with leading global lithium extraction technology provider Sunresin New Materials Co. Ltd for a long-term strategic and commercial alliance for its Paradox Lithium Project in the US. Click here Latrobe Magnesium Limited (ASX:LMG) has broadened its skills-based board with the appointment of experienced environmental lawyer and corporate advisor Michelle Blackburn as a non-executive director, effective September 1, 2022. Click here Taruga Minerals Ltd (ASX:TAR) has completed preparations for a drilling program focused on clay-hosted rare...

BW Energy: Second Quarter and First-Half 2022 Results

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

SECOND QUARTER AND FIRST-HALF 2022 RESULTS HIGHLIGHTS SECOND QUARTER AND FIRST HALFEBITDA of USD 5.5 million for Q2 2022 and USD 71 million for H1 2022 H1 2022 gross production of 2.0 million barrels with 1.5 million barrels net to the Company Strong operating cash flow of USD 84.9 million and cash position of USD 123 million at 30 June Decision to proceed with Maromba development and agreement to purchase FPSO Polvo Hibiscus / Ruche development on track for first oil in Q1 2023 with the production unit BW MaBoMo (former Hibiscus Alpha) under mobilisation to Gabon Agreement to acquire Golfinho and Camarupim Clusters from Petrobras to add net production of ~9,000 barrels of oil per day from early 2023 and several additional low-risk development opportunities Agreement to acquire the FPSO Cidade de Vitoria, currently producing on the...

FRO – Second Quarter and Six Months 2022 Results

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

FRONTLINE LTD. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2022 Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three and six months ended June 30, 2022: HighlightsNet income of $47.1 million, or $0.23 per basic and diluted share for the second quarter of 2022. Adjusted net income of $42.5 million, or $0.21 per basic and diluted share for the second quarter of 2022. Declared a cash dividend of $0.15 per share for the second quarter of 2022. Reported total operating revenues of $300.4 million for the second quarter of 2022. Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the second quarter of 2022 were $16,400, $26,500 and $38,600 per day, respectively. For the third quarter of 2022, we estimate spot TCE on a load-to-discharge basis of $28,100 contracted for 73% of vessel...

AB Klaipėdos nafta holds a Webinar regarding unaudited financial results for the six months of 2022

Written by Customer Service on August 25, 2022. Posted in Public Companies.

On the 25th of August 2022 at 9:00 (EET) AB Klaipėdos nafta holds a conference webinar for its shareholders, investors, mass media representatives and other stakeholders. The presentation is held in English. The webinar is hosted by KN Chief Executive Officer Darius Šilenskis and Chief Financial Officer Mindaugas Kvekšas who will introduce the Group’s financial results for the six months of 2022 and will answer the participant questions. Webinar presentation is enclosed.Mindaugas Kvekšas, Chief Financial Officer, +370 46 391772AttachmentKN_activity results for 2022 Q2

AB Klaipėdos nafta unaudited financial information for the six months of 2022

Written by Customer Service on August 25, 2022. Posted in Public Companies.

AB Klaipėdos nafta (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the six months ended 30 June 2022. Key financial indicators for the first half year of 2022:EUR millions Group Company H1 2022 H1 2021 H1 2022 H1 2021Revenue 36.0 31.6 34.5 30.1EBITDA 16.9 14.2 16.2 13.6Net profit (loss) (13.8) (6.8) (14.3) (7.2)Adjusted net profit (loss) 3.1 (0.2) 2.7 (0.7)Management comment: During 6 months of 2022, the same as during 2021, the Group‘s and the Company‘s net profit was significantly affected by unrealized currency exchange losses and by the reduction of LNG security supplement from 1 January 2020 by EUR 26.8 million per annum. The unrealized impact of exchange rates arose from the 1 January 2019 under the requirements of IFRS 16 “Lease”,...

12/2022 Green Hydrogen Systems – Interim report H1 2022

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

Company announcement 12/2022 Interim report for the first six months of 2022 Performance highlights for H1 2022First A-Series electrolyser units delivered at customer sites to undergo tests in a production environment as part of a full hydrogen production value chain The electrolysers show positive initial test data and are producing hydrogen in line with our expected specifications The A-Series platform is being CE certified with involvement from third-party accredited certification body Four customer orders totalling 3.2 MW in H1 2022 Backlog of 13 MW – an increase of 6.5 MW or 2 times compared to end of H1 2021 Revenue from customer contracts of DKK 0.5 million compared to DKK 1.9 million in H1 2021 EBITDA of DKK -132 million compared to DKK -67 million in H1 2021 reflecting the organisational scaling and continued investments...

Unibail-Rodamco-Westfield Sells Westfield Santa Anita in California for $537.5 Mn

Written by Customer Service on August 25, 2022. Posted in Mergers And Acquisitions.

Paris, Amsterdam, August 25, 2022 Press Release Unibail-Rodamco-Westfield Sells Westfield Santa Anita in California for $537.5 Mn Unibail-Rodamco-Westfield (“URW”) today announced that it has completed the sale of Westfield Santa Anita in Arcadia, California, to an established commercial real estate investor who owns other retail assets in Southern California. The sale price of $537.5 Mn (at 100%, URW share 49%), funded by the investor through a combination of equity and new debt, reflects a sub-6% net initial yield and a 10.7% discount to the latest unaffected appraisal.1 Westfield Santa Anita, an asset in URW’s US regional portfolio, is an A rated, 1.48 million square foot property, which is 96% leased2 and posts sales of $611 per square foot. The property’s H1-2022 tenant sales reached 93% of 2019 levels. The transaction is the largest...

Vow ASA: 1H 2022 – Highest ever revenues, profits, and order backlog

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

Vow ASA (“Vow” or the “Company”) had strong progress across the board in the first half of 2022. Total revenues doubled year-over-year to NOK 400 million. Revenues in Landbased were more than fourfold, Aftersales returned to pre-Covid levels and Cruise Projects continued its steady course of profitable growth. With continued strong operational performance built on an efficient delivery model, earnings before interests, tax, depreciation, and amortisation (EBITDA) before non-recurring items also reached a record high NOK 53 million for the period (NOK 20 million in 1H 2021). The EBITDA margin was 13.3 percent. Order backlog increased with 32 percent year on year to NOK 2.2 billion including options. This too was an all-time high. “We are very pleased to see the cruise industry back, and happy for our many long-term...

Day: August 25, 2022

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