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Day: May 25, 2023

Prosafe SE: Reese McNeel appointed interim CEO of Prosafe SE

Following the announcement on 27 April 2021 that Jesper Kragh Andresen will step down as CEO, the board has decided to accelerate the leadership transition and to appoint Reese McNeel, the current CFO, to interim CEO and CFO effective immediately and until a permanent replacement is selected. Jesper shall continue to support the company as a strategic advisor to the Board and executive team in a transition period. Glen Rødland, Chairman, says: ‘The Board is pleased that Reese has accepted to be the interim CEO. Reese has already demonstrated his strong leadership and dedication to Prosafe as CFO since August 2022. Reese brings with him industry and CEO level experience from Sevan Marine ASA, Atlantica Tender Drilling Ltd and AlixPartners. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is...

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Window Covering Market to Hit USD 17.43 Billion by 2028 | with a CAGR 4.96%

Companies covered in Window Covering Market are Hunter Douglas N.V. (Rotterdam, Netherlands), Comfortex Window Fashions (New York, U.S), Lafayette Interior Fashions (Indiana, U.S.), Insolroll Window Shading Systems (Louisville, U.S.), Polar Shades Sun Control (Las Vegas, U.S.), The Shade Store, LLC (New York, U.S.), Norman International Inc. (California, U.S.), Coulisse (Eindhoven, Netherlands), LOUVOLITE (Manchester, U.K.), and more players. Pune, India, May 25, 2023 (GLOBE NEWSWIRE) — The global window covering market size was USD 10.83 billion in 2020. The market is projected to grow from USD 12.42 billion in 2021 to USD 17.43 billion in 2028 at a CAGR of 4.96% in the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Window Covering Market, 2021-2028.” According to our expert...

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Aircraft Engine Market to Worth USD 112.61 Billion by 2029 | With a CAGR of 10.87%

The global aircraft engine market covered major segments by engine type (turboprop engine, turboshaft engine, turbofan engine, and piston engine), by technology (conventional engine, electric/hybrid engine), by component (compressor, turbine, gear box, combustion chamber, fuel system, and others. Pune, India, May 25, 2023 (GLOBE NEWSWIRE) — The global aircraft engine market size is projected to hit USD 112.61 billion by 2029 and register a CAGR of 10.87% during the forecast period. The swelling commercial aircraft deliveries and rising adoption of fuel-efficient and cost-effective aircraft are anticipated to bolster the market growth. Fortune Business InsightsTM has presented this information in its report titled, “Aircraft Engine Market, 2022-2029”. The market size stood at USD 49.01 billion in 2021 and USD 54.70 billion in 2022. Additionally,...

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Inertial Navigation System Market Size to Hit USD 15.45 Billion by 2028 | At a CAGR of 5.54%

The global inertial navigation system market covered major segments by component (accelerometers, gyroscopes, and others), by technology (ring laser gyro, mechanical gyro, fiber optics gyro, mems and others), by platform (airborne, ground, sea, and space), by end user (commercial, and military & defense), and regional forecast. Pune, India, May 25, 2023 (GLOBE NEWSWIRE) — The global Inertial Navigation System Market is a navigation technology that uses a combination of accelerometers and gyroscopes to determine the position, orientation, and velocity of a moving object. It provides autonomous navigation capabilities by relying on internal sensors rather than external references such as GPS signals. The inertial navigation system (INS) market size is projected to grow from USD 10.59 billion in 2021 to reach USD 15.45 billion...

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Terranet publishes prospectus in connection with rights issue of units

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE. Terranet AB (“Terranet” or the “Company”) has prepared an EU growth prospectus (the “Prospectus”) for the forthcoming issue of units consisting of shares and warrants with preferential rights for existing shareholders (the “Rights Issue”), which the board of directors resolved on 17 May, 2023. The Prospectus was approved by the Swedish Financial Supervisory Authority today 25 May,...

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Sunlands Technology Group Announces Unaudited First Quarter 2023 Financial Results

Q1 net revenues decreased by 7.6% year-over-yearQ1 gross billings (non-GAAP) decreased by 11.7% year-over-yearQ1 net income reached RMB180.1 million BEIJING, May 25, 2023 (GLOBE NEWSWIRE) — Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial and Operational SnapshotsNet revenues were RMB566.9 million (US$82.5 million), representing a 7.6% decrease year-over-year. Gross billings (non-GAAP) were RMB345.1 million (US$50.2 million), representing a 11.7% decrease year-over-year. Gross profit was RMB498.7 million (US$72.6 million), representing a 3.5% decrease year-over-year. Net income was RMB180.1 million (US$26.2 million), as...

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Form 8.3 – LondonMetric Property PLC

8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1.        KEY INFORMATION(a)   Full name of discloser: Rathbones Group Plc(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.  (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree LondonMetric Property PLC(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e)   Date position held/dealing undertaken:        For an opening...

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Share Buyback Transaction Details May 18 – May 24, 2023

                         Share Buyback Transaction Details May 18 – May 24, 2023 May 25, 2023 – Wolters Kluwer (Euronext: WKL), a global leading provider of expert solutions, insights and services for professionals, today reports that it has repurchased 150,530 of its own ordinary shares in the period from May 18, 2023, up to and including May 24, 2023, for €16.3 million and at an average share price of €108.53. These repurchases are part of the share buyback program announced on February 22, 2023, under which we intend to repurchase shares for up to €1 billion during 2023. The cumulative amounts repurchased to date under this program are as follows: Share Buyback 2023Period Cumulative shares repurchased in period Total consideration(€ million) Average share price(€)2023 to date 3,221,709 352.0 109.25For the period starting...

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Serstech receives 27.5 MSEK order from US partner Proengin Inc.

Serstech has today received an order of 27.5 MSEK from its partner Proengin Inc in the USA. The order consists of hardware, software and the patented SERS kit and will be delivered and invoiced before the end of June 2023. The order is the second larger order within five months of the new Serstech Arx product. For further information, please contact:Stefan Sandor, CEO, Serstech AB Phone: +46 739 606 067 Email: ss@serstech.com Thomas Pileby, Chairman of the Board, Serstech AB Phone: +46 702 072 643 Email: tp@serstech.com or visit:  www.serstech.com This is information that Serstech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 08:45 CET on May 25, 2023. Certified advisor to Serstech is Svensk Kapitalmarknadsgranskning...

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WENDEL: Appointments at Wendel

Press release – MAY 25, 2023 Appointments at WendelAs part of Wendel’s new strategic directions, announced on March 16, Wendel’s Executive Board has decided to entrust Jérôme Michiels with the responsibility of structuring its third-party asset management activity. This new mission is added to his responsibilities as Executive Vice-President, in particular searching for new investment opportunities, monitoring certain direct portfolio companies, managing Wendel Growth and continuing to supervise Wendel’s financial communications team, whose organization remains unchanged. Following this change, Benoît Drillaud has been promoted to Chief Financial Officer of Wendel. Reporting to the Executive Board, he is responsible for managing the Finance and Accounting Department. These changes are effective as of today.Biography of...

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