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Year: 2023

Gabriel Holding A/S: Challenging market conditions were a defining feature of the 2022/23 financial year, which delivered revenue of DKK 931 million and operating profit (EBIT) of DKK 15.9 million

Summary In the annual report for the 2021/22 financial year, management expected revenue of the order of DKK 1,000 million – 1,100 million for the 2022/23 financial year. Management advised in the annual report that its expectations were affected by a higher than normal level of uncertainty, resulting primarily from geopolitical challenges. After six months of the 2022/23 financial year, revenue realised stood at the lower end of the previous expectations and prospects for the remainder of the year were increasingly uncertain. On this basis, management adjusted revenue expectations for the full year to the range DKK 950 – 1,050 million. In June, after eight months of the financial year, the range was narrowed to DKK 950 – 975 million and in August downwardly adjusted to the DKK 930 – 940 million range. Revenue in the 2022/23 financial...

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Kaldalón hf.: Shares Commence Trading on the Nasdaq Iceland Main Market

Kaldalón hf. (the “Company”) announced on November 13, 2023, that the Company’s application for its shares to be admitted to trading on the Nasdaq Iceland Main Market had been accepted. Kaldalón is pleased to confirm that the transfer of the Company’s shares to Nasdaq Iceland Main Market from the Iceland First North Market has been successfully completed. The Company’s shares commence trading on the Main Market today, November 16, 2023. The stock market symbol for the Company, “KALD,” remains unchanged, and the ISIN  number of the shares is IS0000035632. Enquiries; Jón Þór Gunnarsson, CEO kaldalon@kaldalon.is Hjalti Már Hauksson, Arion Bank Corporate Finance hjalti.hauksson@arionbanki.is

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Summary of Bigbank AS Webinar Introducing the Public Subordinated Bond Offering

On 15 November 2023, Bigbank AS held a webinar introducing the public offering of Bigbank AS subordinated bonds in Estonia, Latvia, Lithuania. In the webinar, Bigbank AS management board members Martin Länts and Argo Kiltsmann presented an overview of Bigbank AS group, including the group’s business results, future plans and the terms of the public offering of subordinated bond issue. Bigbank AS would like to thank all participants. Webinar recording is available at https://youtu.be/lBOy_iuFuPo. Additional information about the public subordinated bond offering can be found also at https://investor.bigbank.eu. Bigbank AS (www.bigbank.eu) is an Estonian capital-based bank specialising in loans and deposits for private and business customers. In addition to operations in Estonia, the bank has branches in Finland, Sweden, Latvia, Lithuania,...

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Swisscom and Nokia begin service migration to new high-capacity optical transport network

Press Release Swisscom and Nokia begin service migration to new high-capacity optical transport networkNokia single supplier for Swisscom’s nationwide optical transport project NEWTON Swisscom’s new optical network supports client services from 1G to 400G with massive scale, resiliency and performance at reduced total cost of ownership16 November 2023 Espoo, Finland – Swisscom and Nokia today announced the successful completion of Swisscom’s nationwide Next Evolution Wavelength Transport Optical Network (NEWTON) and the official start of service migration to the modernized network. Facing high traffic growth and digital transformation, the Nokia optical networking solution equips Switzerland’s largest telecom provider with a service-centric network optimized for high performance, cost efficiency and superior customer experience. The...

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Share Buyback Transaction Details November 9 – November 15, 2023

Share Buyback Transaction Details November 9 – November 15, 2023 November 16, 2023 – Wolters Kluwer (Euronext: WKL), a global leading provider of expert solutions, insights and services for professionals, today reports that it has repurchased 195,597 of its own ordinary shares in the period from November 9, 2023, up to and including November 15, 2023, for €24.1 million and at an average share price of €123.36. 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 year’s buyback program are as follows: Share Buyback 2023Period Cumulative shares repurchased in period Total consideration(€ million) Average share price(€)2023 to date 7,621,697 857.1 112.45For...

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Temenos to Work with MAS to Advance Sustainable Finance

Collaboration with Gprnt on technology solutions powering the future of sustainable finance SINGAPORE, Nov. 16, 2023 (GLOBE NEWSWIRE) — Singapore FinTech Festival – Temenos (SIX: TEMN) today announced a collaboration with Gprnt, a new integrated digital platform launched by the Monetary Authority of Singapore (MAS), to cooperate on technology solutions, explore data integration and foster product development innovation capable of powering the future of sustainable finance. Temenos is the first core banking software vendor to collaborate with Gprnt and will join MAS and partners on the ESG Stage at the Singapore FinTech Festival 2023 to discuss the potential opportunities that Gprnt will open up to better support financial institutions’ balance sheet decarbonization, ESG risk management and regulatory compliance needs. Gprnt is...

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Lancaster’s Alkali Flat Project Update: Successful Site Visit Signals Green Progress

VANCOUVER, British Columbia, Nov. 16, 2023 (GLOBE NEWSWIRE) — Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (‘Lancaster’) is pleased to announce the successful completion of a pivotal regulatory site visit at its Alkali Flat Lithium Brine Project in New Mexico. The site visit, conducted on November 14, included key staff from the Bureau of Land Management (‘BLM’) and the Energy, Minerals and Natural Resources Department (‘EMNRD’). During the visit, the Lancaster team, alongside representatives from BLM and EMNRD, conducted a thorough walk-through of the proposed drilling locations and geophysical program. This comprehensive review focused on several crucial aspects, such as access routes, site conditions, and local vegetation. The visit provided a valuable opportunity for open discussions regarding the planned drilling...

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PubMatic Broadens Global Footprint with the appointment of Franck Lewkowicz as Country Manager, France

PARIS, Nov. 16, 2023 (GLOBE NEWSWIRE) — PubMatic, (NASDAQ: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, is excited to announce the appointment of Franck Lewkowicz as Country Manager, France. In this pivotal role, Franck takes the helm as the primary commercial leader overseeing both seller and buyer teams as PubMatic advances its business in the region. “We are investing resources to further support publishers and buyers in France and Franck is a leader with deep experience on both sides of the industry to consolidate our position in this market,” said Cristian Coccia RVP Southern Europe at PubMatic. “Franck’s expertise in leading strategic initiatives that drive omnichannel performance across multiple platforms and screens makes him an excellent candidate to achieve...

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Telenor Group sells Telenor Satellite to Space Norway

Fornebu, 16 November 2023 – Telenor has entered into an agreement with Space Norway regarding the sale of its subsidiary Telenor Satellite. Space Norway is a leading player in the Norwegian space industry.   The sales price is NOK 2.36 billion on an enterprise value basis. As Space Norway is wholly owned by the Norwegian Government, the transaction is subject to approval by the Norwegian Parliament. Closing of the transaction is expected in January 2024. “For more than 20 years, we have served our customers with premium, high-quality broadcasting and data services via satellite. Now the time has come for a new era for Telenor Satellite. With Space Norway, Telenor Satellite will have an industrial owner who has the right competence and who will prioritise the required financial resources to realise the company’s potential. We are proud...

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Subsea 7 S.A. Announces Third Quarter 2023 Results

Luxembourg – 16 November 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the third quarter which ended 30 September 2023. Third quarter highlights  Third quarter Adjusted EBITDA of $201 million, a margin of 13% Free cash flow of $223 million, resulting in an increase in cash and cash equivalents to $530 million Net debt including lease liabilities $606 million, down from $805 million in the second quarter Order intake of $2.1 billion resulted in a book-to-bill of 1.3 times and continued backlog growth to $10.8 billion Backlog for execution in 2024 of $4.8 billion, up 51% on the equivalent position a year ago, with $3.2 billion for 2025 Recent awards and high levels of ongoing tendering activity support a return of Adjusted EBITDA margins...

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