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Month: May 2024

Form 8.5 (EPT/RI) – Alpha Financial Markets Consulting Plc

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 Alpha Financial Markets Consulting plc(c)        Name of the party to the offer with which exempt principal trader is connected: Investec is Joint Broker to Alpha Financial Markets Consulting plc(d)        Date dealing undertaken:1st May 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...

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Sidetrade and SHS Viveon AG agree public tender offer for SHS Viveon AG

A friendly public tender offer with premium on the SHS Viveon AG shares Tender offer price: €3.00 per SHS Viveon AG share in cash Tender offer deadline: June 17, 2024 Post-delisting: No open market for SHS Viveon AG sharesSidetrade, the global leader in AI-powered Order-to-Cash applications, today announces its intention to acquire SHS Viveon AG, a German leader in credit risk management software, following an agreement made with its supervisory board. The public tender offer is scheduled for Tuesday May 7, 2024, with plans to subsequently delist SHS Viveon AG’s shares. Following the execution of binding agreements with shareholders of SHS Viveon AG to acquire shares at a price of €3.00 each, as announced in the April 16, 2024 press release, Sidetrade has secured 1,702,407 shares, representing 68.4% of SHS Viveon AG’s outstanding share...

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Financial results for Q1 2024

Company announcement no. 31 Net profit of DKK 670 million and return on equity of 21.1% The financial statements for the first quarter of 2024 show a highly satisfactory net profit of DKK 670 million and a return on equity of 21.1%. Core income was DKK 174 million higher than in the same period of last year, driven primarily by an increase in net interest income. Compared with the same period of last year, the Bank grew its total business volume by 3% (y/y) with underlying growth of 2% in lending and 4% in deposits. We are once again pleased to record a strong credit quality among both retail and business customers, which resulted in a net reversal of impairment charges of DKK 32 million in Q1 2024. Furthermore, the management estimates were increased by DKK 39 million, primarily relating to continuing uncertainty about a cyclical...

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Shell plc First Quarter 2024 Interim Dividend

London, May 2, 2024 − The Board of Shell plc (the “Company”) today announced an interim dividend in respect of the first quarter of 2024 of US$ 0.344 per ordinary share. Details relating to the first quarter 2024 interim dividendPer ordinary share Q1 2024Shell Shares (US$) 0.344Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling. The pound sterling and euro equivalent dividend...

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Novo Nordisk’s sales increased by 22% in Danish kroner and by 24% at constant exchange rates to DKK 65.3 billion in the first three months of 2024

Bagsværd, Denmark, 2 May 2024 – financial report for the period 1 January 2024 to 31 March 2024Operating profit increased by 27% in Danish kroner and by 30% at constant exchange rates (CER) to DKK 31.8 billion.Sales in North America Operations increased by 34% in Danish kroner (35% at CER). Sales growth in the US was positively impacted by gross-to-net sales adjustments related to prior years. Sales in International Operations increased by 8% in Danish kroner (11% at CER). Sales within Diabetes and Obesity care increased by 25% in Danish kroner to DKK 61.0 billion (27% at CER), mainly driven by GLP-1 diabetes sales growth of 30% in Danish kroner (32% at CER) and Obesity care growing by 41% in Danish kroner to DKK 11.0 billion (42% at CER). Rare disease sales decreased by 4% measured in Danish kroner (3% at CER). In the first...

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Promising start to the year with continued business improvements

Company Announcement Copenhagen, 2 May 2024 No. 19/2024 Trading update for 1 January – 31 March 2024 Promising start to the year with continued business improvements HighlightsOrganic growth was 6.0% in Q1 2024 (Q1 2023: 12.0%). Total revenue for the quarter amounted to DKK 20.1 billion (Q1 2023: DKK 19.3 billion). The organic growth development was mainly driven by successful implementation of price increases to offset wage increases and general cost inflation and volume growth. The operating margin developed in line with plan. This was mainly driven by continued operational improvements and efficiencies. Costs related to mobilisation of contracts won in 2023 have been incurred in the quarter. During the first months of the year, ISS has secured several smaller and mid-sized local IFS contract wins and extended contracts with Nordea...

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Appointment of the chairman of the management board

The council of Nordecon AS has adopted a decision to appoint Maret Tambek as the chairman of the company’s management board from 01 May 2024 with the term of office of three years. From 08 January 2024, Maret Tambek acted as acting chairman of the management board of Nordecon AS. The management board of Nordecon AS will continue with three members: Maret Tambek (chairman), Tarmo Pohlak and Priit Luman. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2023 was 278 million euros. Currently Nordecon...

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Alexander Masharov nominated for appointment as Chief Executive Officer of Cakba

Amsterdam 2 May 2024, 8 AM CET. Cabka N.V. (together with its subsidiaries “Cabka”, or the “Company”), a company specialized in transforming hard to recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announces that its Supervisory Board will nominate Alexander Masharov (1980) for appointment by the shareholders of Cabka as member of the Management Board and Chief Executive Officer. If appointed, Alexander will succeed Tim Litjens, who announced in March 2024 his intention to step down and leave Cabka by the end of the third quarter 2024. An Extraordinary General Meeting of Shareholders shall be convened in due course to resolve on the appointment. If appointed, Alexander Masharov will join Cabka NV as of 1 August 2024 to allow for a seamless CEO succession. Cabka’s strategic goals remain...

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Alm. Brand A/S – Interim report for Q1 2024

Alm. Brand Group upgrades guidance for pre-tax profit by DKK 100 millionAlm. Brand Group’s insurance service result was a profit of DKK 295 million (Q1 2023: DKK 205 million), driven in particular by sustained favourable trends in Commercial Lines Insurance revenue grew at a highly satisfactory rate of 5.6% to DKK 3,012 million (Q1 2023: DKK 2,853 million), driven in particular by strong growth of 8.6% in Personal Lines The underlying claims experience improved by 3.0 percentage points to 61.0, driven by a strong performance in Commercial Lines and favourable developments in Personal Lines despite a sustained high frequency of motor claims The implementation of synergy initiatives is progressing according to plan and generated a positive accounting effect of DKK 98 million in Q1 2024. The expense ratio was 19.1 (Q1 2023: 20.0) Highly...

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Verona Pharma to Present Additional Analyses of Positive Phase 3 ENHANCE Studies in COPD at ATS 2024

PDUFA Target Action Date of June 26, 2024 Eight posters including two oral presentations support potential of ensifentrine,an investigational, first-in-class, selective, dual inhibitor of PDE3 and PDE4 LONDON and RALEIGH, N.C., May 02, 2024 (GLOBE NEWSWIRE) — Verona Pharma plc (Nasdaq: VRNA) (“Verona Pharma” or the “Company”), announces eight posters, including two mini oral symposia, on additional analyses from its successful Phase 3 ENHANCE studies with ensifentrine for the treatment of chronic obstructive pulmonary disease (“COPD”) will be presented at the American Thoracic Society International Conference (“ATS”) 2024. Pooled analysis demonstrating reductions in the rate and risk of exacerbations with ensifentrine will be presented as part of the ‘Late Breaking Mini Symposium’ designed to highlight new breakthroughs. The posters...

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