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Month: February 2024

Equinor to commence first tranche of the 2024 share buy-back programme

Equinor (OSE: EQNR, NYSE: EQNR) will on 8 February 2024 commence the first tranche of up to USD 1.2 billion of the share buy-back programme for 2024, as announced at the Capital Market Update 7 February 2024. In this first tranche of the share buy-back programme for 2024, shares for up to USD 396 million will be purchased in the market, implying a total first tranche of up to USD 1.2 billion including shares to be redeemed from the Norwegian State. The tranche will end no later than 5 April 2024. Equinor announces a two-year share buy-back programme of total USD 10-12 billion for 2024-2025, with up to USD 6 billion for 2024, including shares to be redeemed from the Norwegian State. The share buy-back programme will be subject to market outlook and balance sheet strength and be structured into tranches where Equinor will buy back shares...

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Equinor ASA: Key information relating to proposed cash dividend for fourth quarter 2023

Key information relating to the proposed cash dividends to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for fourth quarter 2023. Ordinary cash dividend amount: 0.35 Extraordinary cash dividend amount: 0.35 Announced currency: USD Last day including rights: 14 May 2024 Ex-date: 15 May 2024 Record date: 16 May 2024 Payment date: 28 May 2024 Date of approval: the proposed cash dividends are subject to approval by the annual general meeting of Equinor ASA on 14 May 2024. Other information: The cash dividends per share in NOK will be communicated 24 May 2024. This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.

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Equinor fourth quarter and full year 2023 results

Equinor (OSE:EQNR, NYSE:EQNR) delivered adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter of 2023. Net operating income was USD 8.75 billion and net income was USD 2.61 billion. The fourth quarter and full year were characterised by:Strong financial performance 2.1% production growth in 2023 Continued optimising of oil and gas portfolio, sanctioning projects for future growth Growth in onshore renewables power production and portfolio Cost focus and capital disciplineCompetitive capital distributionProposed increase in ordinary cash dividend to USD 0.35 per share, set ambition to grow quarterly cash dividend by 2 cents per year Proposed extraordinary cash dividend of USD 0.35 per share Announced two-year share buy-back programme of USD 10-12 billion, with USD 6 billion for 2024 Expected total...

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4D Molecular Therapeutics Announces Pricing of Upsized Public Offering of Common Stock

EMERYVILLE, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) — 4D Molecular Therapeutics, Inc. (Nasdaq: FDMT), a leading clinical-stage genetic medicines company focused on unlocking the full potential of genetic medicines to treat large market diseases, announced today that it priced an upsized underwritten public offering of 6,586,015 shares of its common stock at a public offering price of $29.50 per share and, in lieu of shares of common stock, to certain investors, pre-funded warrants to purchase 3,583,476 shares of common stock at a public offering price of $29.4999, which represents the per share public offering price for the common stock less the $0.0001 per share exercise price for each pre-funded warrant. In addition, 4D Molecular Therapeutics has granted the underwriters a 30-day option to purchase up to an additional 1,525,423...

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Looking Glass Labs Enters Definitive Agreement to Acquire Bot Media Corp.’s Climate and AI Web3 Assets

VANCOUVER, British Columbia, Feb. 06, 2024 (GLOBE NEWSWIRE) — Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (OTC: LGSLF) (FRA: H1N) is pleased to announce the signing of a definitive agreement (the “Purchase Agreement“) to acquire the climate and artificial intelligence (AI) web3 assets (the “Purchased Assets“) of Bot Media Corp. (“Bot Media” or the “Vendor“) for a purchase price of $765,000, payable through the issuance of common shares of the Company (the “Consideration Shares“) at a deemed price of $0.25 per share. Under the terms of the Purchase Agreement, LGL will issue a total of 3,060,000 Consideration Shares to the Vendor, each valued at $0.25, at the time of closing (the “Closing“). The Company intends to utilize Section...

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FTI Consulting and Association of Corporate Counsel Singapore Survey Finds General Counsel in Asia Lack Guidance on AI Adoption

SINGAPORE, Feb. 06, 2024 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) and the Association of Corporate Counsel Singapore (“ACC Singapore”) today announced findings from A New Era of Legal Advisor: 2024 In-House Counsel – Perspectives from Asia report, which uncovered substantial changes in how global legal departments are strategizing around and preparing for their biggest risks, including artificial intelligence (“AI”). Most notably, 95% of in-house legal counsel in Asia surveyed are using generative AI in some capacity for legal tasks, such as data processing (54%), risk identification and assessment (51%), regulatory change management (48%) and sanctions screening (43%). However, 65% of respondents said their companies have not provided sufficient guidance for the use of generative AI, and 45% said they do not have specific...

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Grupo Aeroportuario del Pacifico Reports in January 2024 a Passenger Traffic Decrease of 0.6% Compared to 2023

GUADALAJARA, Mexico, Feb. 06, 2024 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for January 2024, compared with January 2023. For January 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 1.6%, compared to January 2023. Puerto Vallarta and Guadalajara presented an increase in passenger traffic of 1.9% and 1.0%, respectively, while Tijuana and Los Cabos presented a decrease of 7.1% and 3.8%, respectively, compared to January 2023. On the other hand, Montego Bay presented an increase in passenger traffic of 9.6% compared to January 2023.             Domestic Terminal Passengers (in thousands):          Airport Jan-23 Jan-24 % Change    Guadalajara 991.1 911.7 (8.0%)    Tijuana* 713.6 678.8 (4.9%)    Puerto...

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Associated Capital Group, Inc. Reports Fourth Quarter and Full Year Results

Deals…Deals…And More DealsRisk Arbitrage – The Announcement of a Merger is the Beginning of an OpportunityDeals…Deals…Y Más DealsArbitraje de Riesgo – El anuncio de una fusión es el comienzo de una oportunidadMerger MastersTales of ArbitrageMerger Masters (Japanese)Tales of ArbitrageBook Value was $42.11 per share at year-end 2023 vs. $40.48 a year ago Year-end AUM: $1.59 billion at December 31, 2023 vs. $1.84 billion at December 31, 2022 $4.0 million of donations completed in January 2024 to shareholder designated 501(c)(3) charitable organizations brought the total giving to $38 million since our spin-off in 2015 The Board of Directors authorized the repurchase of up to an additional 350,000 sharesGREENWICH, Conn., Feb. 06, 2024 (GLOBE NEWSWIRE) — Associated...

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Algoma Steel Group Reports Fiscal Third Quarter 2024 Financial Results

Steel Shipments and Adjusted EBITDA In-line with Previously Announced Expectations Delivered Year-over-year Improvement Across Nearly All Metrics Provides Further Update on Coke-Making Utilities Structure Collapse Reiterated Outlook on Transformative EAF Project with $509.9 Million Invested to Date and 86% of Anticipated Costs Under Contract SAULT STE. MARIE, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal third quarter ended December 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Fiscal 2024 to Fiscal 2023 Third Quarter ComparisonsConsolidated revenue of $615.4 million, compared to...

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Silicon Motion Announces Results for the Period Ended December 31, 2023

Business HighlightsFourth quarter sales increased 17% Q/Q and increased 1% Y/YSSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/Y eMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/Y SSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/YAnnounced annual cash dividend of $2.00 per ADSFinancial Highlights  4Q 2023 GAAP 4Q 2023 Non-GAAP•   Net sales $202.4 million (+17% Q/Q, +1% Y/Y) $202.4 million (+17% Q/Q, +1% Y/Y)•   Gross margin 43.7% 44.1%•   Operating margin 8.7% 13.8%•   Earnings per diluted ADS $0.63 $0.93  Full Year 2023 GAAP Full Year 2023 Non-GAAP•   Net sales $639.1 million (-32% Y/Y) $639.1 million (-32% Y/Y)•   Gross margin 42.3% 43.0%•   Operating margin 6.2% 11.9%•   Earnings per diluted ADS $1.58 $2.27TAIPEI,...

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