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Day: May 15, 2025

SBM Offshore First Quarter 2025 Trading Update

Amsterdam, May 15, 2025 HighlightsYear-to-date Directional1 revenue of US$1,103 million, up 27% versus 1Q 2024 Full year 2025 Directional revenue and EBITDA guidance maintained Cash dividend of EUR150 million (equivalent to EUR0.8606 per ordinary share) paid on May 6, 2025 EUR141 million share repurchase program on track, c. 6.75% completed2 First oil for FPSO Almirante Tamandaré, FPSOs Alexandre de Gusmão & ONE GUYANA on track for first oil Strategic Collaboration Agreement signed with Microsoft to develop carbon-free floating power solutions Completion of the US$400 million sale and leaseback transaction for FPSO Cidade de Paraty Refinancing and increase to US$1.1 billion of the unsecured revolving credit facilityØivind Tangen, CEO of SBM Offshore, commented: “Our first quarter results, along with our full year Directional revenue...

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DNO Reports Solid First Quarter Results; Prepares Deeper Dive into Norwegian Waters

Oslo, 15 May 2025 – DNO ASA, the Norwegian oil and gas operator, today reported first quarter 2025 operating profit of USD 28 million on the back of USD 188 million in revenues, both showing a quarter-on-quarter increase. In a quarter marked by the announcement of its transformative USD 1.6 billion acquisition of Norway’s Sval Energi Group AS, DNO continued to deliver strong operational performance. Net production rose eight percent to 84,200 barrels of oil equivalent per day (boepd), to which Kurdistan contributed 61,600 boepd, North Sea 19,300 boepd and West Africa 3,400 boepd. In the flagship Kurdistan Tawke license (DNO 75 percent and operator), production increased 11 percent quarter-on-quarter. Continuing strict capital discipline since the closure of the Iraq-Türkiye export pipeline, the Company stabilized, even raised, production...

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Anbio Biotechnology to Showcase Global Diagnostic Innovations at Three Major May Exhibitions

Accelerating Expansion Across Human and Veterinary Health Through Innovation and Strategic Collaboration BRUSSELS, May 15, 2025 (GLOBE NEWSWIRE) — Anbio Biotechnology, a global leader in in-vitro diagnostic (IVD) technologies, is pleased to announce its participation in three major international exhibitions this May: EuroMedLab 2025 in Brussels, AVA Conference 2025 in Sydney, and the 47th ACMTT 2025 in Bangkok. These events reflect Anbio’s strategic commitment to expanding its global footprint across human and animal healthcare, building new partnerships, and sharing its vision for accessible, high-performance diagnostics. As healthcare systems around the world seek faster, more accurate, and decentralized testing solutions, Anbio is well-positioned to meet this demand through a diversified portfolio and expanding global network. “These...

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J&T Finance Group and KBC announce strategic acquisition of 365.bank by KBC, expanding its presence in Slovakia and Central and Eastern Europe

On May 14, J&T Finance Group SE, based in the Czech Republic and the majority shareholder of 365.bank a.s. and KBC Bank NV reached an agreement for KBC to acquire a 98.45% stake in 365.bank (in cash), based on a total value for 365.bank of EUR 761 million. The transaction is subject to relevant regulatory and anti-trust approvals and is expected to close by the end of this year. 365.bank, a commercial bank in Slovakia, holds a 3.7% market share by assets as of December 20241 with a notable strength in retail banking. Acquiring 365.bank would strengthen KBC in Slovakia ensuring KBC’s reference status across all Central and Eastern European countries of presence. The transaction price represents a 1.4x multiple of the December 2024 book value of 365.bank and a 9.4x P/E based on the average net profit of 365.bank from 2022 to 2024....

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Lerøy Seafood Group ASA: Strong biological performance and continued growth in VAP S&D.

Lerøy Seafood Group ASA reports a consolidated operational EBIT of MNOK 1 049 for the first quarter of 2025, up from MNOK 842 in the same period last year. OPERATIONAL IMPROVEMENTS NOW VISIBLE IN FARMINGThe Farming segment delivered an operational EBIT of MNOK 789 in the quarter. “This is a strong performance in a quarter marked by significantly lower spot prices for salmon and trout compared to the same period last year. Improvements in genetics, roe and smolt quality, use of shielding technology, and general process enhancements are key contributors. We are pleased with the development in Farming and see that the measures we have implemented are having a positive effect on fish welfare and thereby also our financial results,” says CEO Henning Beltestad. GROWING DEMAND FURTHER STRENGTHENS VAP S&D PERFORMANCEThe VAP S&D segment...

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CYCLACEL PHARMACEUTICALS REPORTS FIRST QUARTER FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE

KUALA LUMPUR, MALAYSIA, May 15, 2025 (GLOBE NEWSWIRE) — Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC, NASDAQ: CYCCP; “Cyclacel” or the “Company”), a biopharmaceutical company developing innovative medicines, today announced its first quarter financial results and provided a business update. “As part of the Company’s efforts to reduce operating costs it has determined to focus on the development of the plogosertib (“plogo”) clinical program only. Accordingly, on March 10, 2025, the Company repurchased certain assets related to plogo from Cyclacel Limited for approximately $0.3 million in cash, to allow us to continue our efforts on developing an alternative salt, oral formulation of plogosertib with improved bioavailability,” said Datuk Dr. Doris Wong, Chief Executive Officer. “Cyclacel Limited’s other drug...

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VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth

VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth Dubai, May 15, 2025 VEON 1Q25 HighlightsTotal revenue growth of 8.9% YoY to USD 1,026 million (12.9% YoY in underlying local currency terms) EBITDA growth of 13.7% YoY to USD 439 million (10.4% YoY in underlying local currency terms) Direct digital revenue growth of 50.2% YoY to USD 147 million (+54.3% YoY in local currency terms), representing 14.3% of revenues for quarter Total cash and cash equivalents and deposits of USD 1,775 million, with USD 662 million at headquarters (“HQ”); and gross debt at USD 4,377 million (decreased by USD 4 million QoQ), with net debt excluding lease liabilities at USD 1,810 million (decreased by USD 91 million QoQ) LTM Equity Free Cash Flow of USD 387 million, Capex of USD 135 millionVEON Ltd. (Nasdaq: VEON),...

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Primega Group Holdings Limited Announces Ticker Symbol Change to ZDAI

HONG KONG, May 14, 2025 (GLOBE NEWSWIRE) — Primega Group Holdings Limited (Nasdaq: PGHL) today announced that its ticker symbol on the Nasdaq Stock Market will be changed from “PGHL” to “ZDAI”, effective May 16, 2025. This change reflects Primega Group Holdings Limited’s evolving identity and strategic vision as it continues to expand its presence in the market. The new ticker symbol, “ZDAI”, symbolizes the company’s commitment to innovation, growth, and excellence in all its endeavors. Building upon its existing business, Primega Group Holdings Limited is set to venture into groundbreaking territories, focusing on technological advancements in hotel marketing software development, digitized supply chain platforms, AI and IoT integration, cloud computing, and intelligent engineering...

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FDA Provides Seven Years of Orphan-Drug Exclusive Approval for Ryoncil®

NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) — Mesoblast (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today announced that it has received seven years of orphan-drug exclusive approval from U.S. Food and Drug Administration (FDA) for Ryoncil® (remestemcel-L) for treatment of steroid-refractory acute graft versus host disease (SR-aGvHD) in pediatric patients 2 months of age and older. This period of statutory exclusivity means that the FDA will not approve another mesenchymal stromal or stem cell (MSC) products for this indication during the 7-year period from the approval of Ryoncil®. Separately, Mesoblast has biologic exclusivity preventing another sponsor from referencing the Ryoncil® biologic license application (BLA) until December 2036, twelve years from its first approval which...

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Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2025 Fourth Quarter and Year End Earnings Release and Conference Call Webcast

PHOENIX, May 14, 2025 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the fourth quarter and fiscal year ended March 29, 2025 on Thursday, May 22, 2025 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, May 23, 2025 at 10:00 a.m. Eastern Time. Date:   May 23, 2025 Time:   10:00 a.m. ET            Listen via Internet: https://investor.cavco.com/ Listen via Telephone: To participate in the call, please register here to receive the dial-in number and your unique PIN. If you are unable to participate during the live webcast, the call will be available for 60 days on https://investor.cavco.com/. Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a...

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