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Month: May 2024

Lucas Vos to step down as President, Stolt Tankers

LONDON, May 15, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Lucas Vos will step down as President, Stolt Tankers, with effect from July 1, 2024. He will be replaced by Maren Schroeder as President and Chief Operating Officer, whilst Bjarke Nissen will assume the role of Chief Commercial Officer at Stolt Tankers. Udo Lange, Chief Executive Officer of Stolt-Nielsen Limited, commented: “The appointment of Maren Schroeder and Bjarke Nissen to these key roles illustrates the impressive talent that we have on hand. They are both leaders in our industry, and I am confident that under their leadership we will continue to maintain our strong market position. I would also like to take this opportunity to thank Lucas for his support to me and the Senior Leadership Team during the past nine months. Lucas has made an amazing...

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SKEL fjárfestingafélag hf.: Letter of Intent Signed for Merger of Samkaup, Heimkaup and Orkan

Reference is made to previous announcements dated 19 January and 22 March 2024, regarding the exploratory negotiations between SKEL fjárfestingafélag hf. (“SKEL“) and Samkaup hf. (“Samkaup“), reg. no. 571298-3769, concerning a potential merger with companies owned by SKEL,  specifically, Orkan IS ehf., Löður ehf., Heimkaup ehf., Lyfjaval ehf. (the “Merging Companies“). Today, SKEL and Samkaup signed a letter of intent regarding the merger of Samkaup and the merging companies. In the event of the proposed merger, Samkaup will act as the acquiring company. The exchange ratio in the proposed merger is 58.1:41.9, meaning that the shareholders of the merging companies will receive 281,256,454 shares in Samkaup, while Samkaup will acquire all shares of the merging companies. Post merger, the estimated number...

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Positive sales momentum and strong profitability in challenging markets

Report on the first quarter of 2024for ROCKWOOL A/SRelease no. 23 – 2024to Nasdaq Copenhagen 15 May 2024 Positive sales momentum and strong profitability in challenging markets HighlightsSales in Q1 2024 totalled 918 MEUR, an increase of six percent in both local currencies and reported figures compared to a weak quarter last year. EBITDA in Q1 2024 reached 216 MEUR, an increase of 32 percent in reported figures compared to Q1 2023. The EBITDA margin was 23.5 percent, up 4.6 percentage points from last year. Higher volume, stable overall pricing combined with productivity gains and cost savings ensured a satisfactory earnings level. EBIT amounted to 152 MEUR in Q1 2024, an increase of 46 percent, with a 16.5 percent EBIT margin, up 4.5 percentage points from Q1 2023. EBIT includes a 6 MEUR provision for donations to the Foundation for...

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UCLOUDLINK GROUP INC. Announces Unaudited First Quarter 2024 Financial Results

HONG KONG, May 15, 2024 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced its unaudited financial results for the three months ended March 31, 2024. First Quarter 2024 Financial HighlightsTotal revenues were US$18.1 million, representing an increase of 0.7% from US$18.0 million in the first quarter of 2023. Gross profit was US$10.0 million, representing an increase of 16.3% from US$8.6 million in the first quarter of 2023. Income from operations was US$0.5 million, compared to US$2.1 million in the first quarter of 2023. Net income was US$0.4 million, compared to US$2.1 million in the first quarter of 2023. Adjusted net income (non-GAAP) was US$1.3 million, compared to US$1.8 million in the first quarter...

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North Media Q1 2024 Interim Report: Invitation to earnings and investor calls

Investor News 15 May 2024 Following the release of the Q1 2024 interim report on 16 May 2024 North Media will present its financial results on two calls on 23 May 2024. The earnings call will take place on 23 May at 13.00 (CEST). On the call, Kåre Wigh, Group CFO of North Media will comment on the Group’s financial performance and take questions. The earnings call will be conducted in English.Please register and follow the event here. For participation via phone, please use one of the following numbers:Denmark: +45 78 76 84 90Germany: +49 302 178 9327Norway: +47 21 95 63 42Sweden: +46 812 410 952United Kingdom: +44 203 769 6819United States: +1 646 787 0157 (Pin: 363566) The investor call will take place on 23 May at 15.00 (CEST). Here, Kåre Wigh will also comment on the financial performance and take questions. The call will be...

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Futu to Report First Quarter 2024 Financial Results on May 28, 2024

HONG KONG, May 15, 2024 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2024, before U.S. markets open on May 28, 2024. Futu’s management will hold an earnings conference call on Tuesday, May 28, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://register.vevent.com/register/BId660c7b39e644d93a175d1316d925493. It will automatically lead to the registration page of “Futu Holdings Ltd First Quarter 2024 Earnings Conference Call”, where details for RSVP are needed. Upon registering,...

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Posting of Annual Report & Notice of AGM – Total Voting Rights

May 15, 2024 Biodexa Pharmaceuticals PLC (“Biodexa” or the “Company”) Posting of Annual Report & Notice of AGM Total Voting Rights Biodexa Pharmaceuticals PLC (NASDAQ: BDRX), a clinical stage biopharmaceutical company developing a pipeline of innovative products for the treatment of diseases with unmet medical needs, announces that its Notice of Annual General Meeting (“AGM”) was posted to shareholders yesterday, along with the Annual Report for the year ended 31 December 2023. The document is also available on the “Investors” section of the Company’s website at www.biodexapharma.com/investors/financial-reports-and-presentations/#financial-reports The Company will hold the 2024 AGM at its offices at 12.00 noon BST at 1 Caspian Point, Caspian Way, Cardiff, CF10 4DQ on 13 June 2024. Further details on how to vote by proxy are set out...

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Temenos sets sustainability benchmark for cloud-native core banking with Microsoft

This benchmark shows the advances in Temenos’ leaner and more sustainable architecture to handle the variable demands of digital transactions while supporting banks to meet their sustainability goals DUBLIN, Ireland, May 15, 2024 (GLOBE NEWSWIRE) — Temenos Community Forum — Temenos (SIX: TEMN) today announced the results of a sustainability benchmark for its cloud-native banking platform running on Microsoft Azure, demonstrating the efficiency to handle the variable demands of digital transactions while also supporting banks to meet their sustainability goals. The Microsoft benchmark simulated a client using Temenos Retail Enterprise Services with 25 million customers and 38 million accounts, processing 12 million loans on a single instance. Having previously set a record highwater benchmark for the volume of transactions...

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