Day: February 14, 2024

Update on regulatory approvals relating to the merger with TGS

Written by Customer Service on February 14, 2024. Posted in Public Companies.

14 February 2024, Oslo, Norway – Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA (“TGS,” OSE: TGS) and PGS ASA (“PGS” or the “Company,” OSE: PGS) regarding the combination of the two companies (the “Merger”) to establish the premier energy data company, as well as subsequent announcements on 25 October and 1 December 2023 regarding, respectively, the execution and approval of the definitive merger plan for the Merger. The Merger is currently subject to ongoing review by the competition authorities in the UK, and in Norway, the Norwegian Competition Authority has resolved to continue its assessment of the transaction in a Phase II review. Completion of the Merger remains conditional on the customary closing conditions described in the merger...

Form 8.5 (EPT/RI) – Aberdeen European Logistics Income plc

Written by Customer Service on February 14, 2024. Posted in Public Companies.

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Name of exempt principal trader: Investec Bank plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree abrdn European Logistics Income plc(c) Name of the party to the offer with which exempt principal trader is connected: Investec is Broker to abrdn European Logistics Income plc(d) Date dealing undertaken: 13th February 2024(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a...

Form 8.5 (EPT/RI) – Kin and Carta plc

Written by Customer Service on February 14, 2024. Posted in Public Companies.

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Name of exempt principal trader: Investec Bank plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeKin & Carta plc(c) Name of the party to the offer with which exempt principal trader is connected: Investec is Broker to Kin & Carta plc(d) Date dealing undertaken: 13th February 2024(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash...

Vaisala Corporation Financial Statement Release January–December 2023

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

Vaisala Corporation Financial Statement Release February 14, 2024, at 9.00 a.m. (EET) Vaisala Corporation Financial Statement Release January–December 2023Year ended with record-high order book and Q4 operating result increased Fourth quarter 2023 highlightsOrders received EUR 147.1 (129.1) million, increase 14% Order book at the end of the period EUR 172.5 (154.6) million, increase 12% Net sales EUR 147.4 (141.6) million, increase 4% Operating result (EBIT) EUR 16.3 (12.6) million, 11.0 (8.9) % of net sales Earnings per share EUR 0.36 (0.25) Cash flow from operating activities EUR 29.5 (22.7) millionJanuary–December 2023 highlightsOrders received EUR 528.1 (500.8) million, increase 5% Net sales EUR 540.4 (514.2) million, increase 5% Operating result (EBIT) EUR 66.6 (62.5) million, 12.3 (12.2) % of net sales Earnings...

Norsk Hydro: Shifting gear to capture opportunities in a new reality

Written by Customer Service on February 14, 2024. Posted in Public Companies.

2023 was a year marked by the consequences of wars, geopolitical rivalry and the battle against inflation, which led to challenging markets and weaker financial results. However, while managing the uncertainty in the short-term, Hydro is strengthened in its conviction about the long-term commercial opportunities arising from the green transition and the key role aluminium is set to play. Hydro is determined to pioneer the green aluminium transition, powered by renewable energy. The green transition is progressing with full force and aluminium demand from sectors supporting it remains robust. To realize the low-carbon circular economy is not easy and requires bold moves, but Hydro considers the green transition a fundamental megatrend on which the company will build. In 2023, Hydro delivered an adjusted EBITDA of NOK 22,258 billion, down...

Enlight Research updated equity research on EfTEN Real Estate Fund AS

Written by Customer Service on February 14, 2024. Posted in Public Companies.

Enlight Research updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the fair value of the share is 22.79 euros under the base scenario. This is 0.95 euros higher than the analysis published by Enlight Research in August and 3,39 euros higher compared to the last closing price on the Tallinn Stock Exchange. Enlight Research points out the following aspects regarding EfTEN Real Estate Fund AS: (i) a steadily low vacancy level; (ii) ability to increase rental income; (iii) high debt service buffers; (iv) attractive dividend yield. The analysis can be found on the website of EfTEN Real Estate Fund AS and the website of Enlight Research. Kristjan TamlaEfTEN Capital ASManaging DirectorTel: +372 655 9515E-post: kristjan.tamla@eften.ee

Ignitis Group to present full-year 2023 results on 28 February

Written by Customer Service on February 14, 2024. Posted in Public Companies.

AB „Ignitis grupė” (hereinafter – the Group) will release its full-year 2023 results on Wednesday, 28 February 2024. It will be followed by an earnings call for investors and analysts to be held on the same day at 1:00 pm Vilnius / 11:00 am London time. To join the earnings call, please register at: https://edge.media-server.com/mmc/p/vcomygto It will be also possible to join the earnings call by phone. To access the dial-in details please register here. After completing the registration, you will receive dial-in details on screen and via email. You will be able to dial in using the provided numbers and the unique pin or by selecting ‘Call me’ option and providing your phone details for the system to connect you in automatically as the earnings call starts. All questions can be directed in advance to the Group’s investor relations,...

Martela Corporation’s Financial Statements 1 January – 31 December 2023

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

Martela Corporation, Financial Statements, 14.2.2024, at 8:00 a.m. The January–December 2023 revenue and operating result decreased compared to previous year. October–December 2023Revenue was EUR 26.4 million (27.1), representing a change of -2.8% Comparable operating result was EUR 1,5 million (0.2) Operating result was EUR 1,5 million (0.2) Operating profit per revenue was 5.8% (0.6%) The result for the period was EUR 1.2 million (0.7) Earnings per share amounted to EUR 0.22 (0.15)January–December 2023Revenue was EUR 94.4 million (106.7), representing a change of -11.5% Comparable operating result was EUR -2.4 million (1.0) Operating result was EUR -2.4 million (-2.5) Operating profit per revenue was -2.5% (2.3%) The result for the period was EUR -3.5 million (-2.6) Earnings per share amounted to EUR -0.77 (0.57)Outlook Outlook...

PCI Biotech second half 2023 interim results

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

Oslo (Norway), 14 February 2024 – PCI Biotech (OSE: PCIB), today announces its interim second half 2023 results. Please find enclosed the interim report and presentation. Highlights review OperationsThe use of fimaNAc in gene therapy manufacturing has since its inception in 2022 generated results supporting the notion of applying photochemical methods to increase yield and reduce impurities in bioprocessing, specifically viral vector manufacturing. The most recently reported 2023 milestone was initiation of field testing in Q4 with an international life science group that provides a range of products and services to the biopharmaceutical industry. The results from this field testing warrant further development of the technology. To fully focus resources on development of an enabling technology for gene therapy manufacturing, further development...

ABN AMRO Bank posts net profit of EUR 545 million in Q4 2023

Written by Customer Service on February 14, 2024. Posted in Earnings Releases And Operating Results.

ABN AMRO Bank posts net profit of EUR 545 million in Q4 2023 Q4 – Key messages of the quarterGood finish to the year with a net profit of EUR 545 million in Q4, reflecting continued high net interest income and impairment releases Strong result in 2023, with a net profit of EUR 2.7 billion and a return on equity of 12.2%; all client units delivered better results Net interest income in Q4 continued to be strong and increased to EUR 6.3 billion for 2023. Net interest income for 2024 is expected to be broadly in line with 2023 Costs in Q4 were higher as we increased resources for data capabilities, further digitalisation of processes and sustainable finance regulation Credit quality continues to be solid. Impairment releases of EUR 83 million in Q4 due to net releases on individual files and releases from model reviews and management...

Day: February 14, 2024

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