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Month: May 2025

Schouw & Co. to initiate share buy-back programme of up to DKK 120 million

The Board of Directors of Aktieselskabet Schouw & Co. has decided to initiate a share buy-back programme of up to DKK 120 million to be executed during the period 5 May to 31 December 2025. The share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors by the annual general meeting on 10 April 2025, which authorises the company to acquire treasury shares at a nominal value of 20% in total of the company’s share capital. Currently, Schouw & Co. holds 2,041,993 treasury shares, equal to 8.17% of the share capital. Pursuant to the current authorisation, a maximum number of 2,958,007 treasury shares may be acquired, equal to 11.83% of the share capital. The buy-back will be structured in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April...

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Increase of Share Capital in Connection with the Exercise of the Options Programme and Subscription Results

The Supervisory Board of AS LHV Group has decided to increase the share capital of the LHV Group by EUR 366,721.30. The increase was triggered by the need to issue new shares to staff members participating in the share options programme approved by the resolution of the general meeting on 13 March 2020, and amended by the resolution of the general meeting on 26 March 2025. A total of 163 current and former employees participated in the subscription of LHV Group shares, subscribing in total for 3,667,213 options for an aggregate amount of EUR 8,001,858.77. Unsubscribed options in the total amount of 19,977 will be cancelled. Decisions of the Supervisory Board of LHV Group:LHV Group’s share capital will be increased by increased by EUR 366,721.30, from EUR 32,418,893.30 to EUR 32,785,614.60. In connection with the increase,...

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Interim report – first quarter of 2025

Friday, Schouw & Co. released its interim report for the first quarter of 2025; in a turbulent environment, the Group recorded an overall Q1 2025 performance in line with expectations. So far, the direct impact of the turmoil on the Group’s operations has been limited, but many customers are cautious. HighlightsDKK 7.9bn revenue – an increase of 1% DKK 565m EBITDA – a decrease of 13% DKK 220m cash flows from operations – an improvement of DKK 29% DKK 4.94 earnings per share – a decrease of 20% 12.5% ROIC excluding goodwill – a decrease of 1.0 pp Full-year EBITDA guidance is maintained.Statement by Jens Bjerg Sørensen, President of Schouw & Co. – Overall, the portfolio businesses had a solid first quarter of 2025, in particular when taking the global uncertainty and economic development into consideration. The current...

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DEME completes Havfram acquisition

DEME COMPLETES HAVFRAM ACQUISITION Following the announcement on April 9, 2025, of its agreement to acquire Havfram, an international offshore wind contractor based in Norway, DEME (Euronext: DEME) has now successfully completed the acquisition. The transaction, valued at approximately 900 million euros, has passed all customary closing conditions.AttachmentP2025 DEME Project Havfram v20250502 ENG

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Solid results for the first quarter of 2025 driven by good customer activity across the business and strong credit quality in an uncertain global environment. Net profit of DKK 5.8 billion.

Press release Danske BankBernstorffsgade 40DK-1577 København VTel. + 45 45 14 14 00 2 May 2025 Page 1 of 3Solid results for the first quarter of 2025 driven by good customer activity across the business and strong credit quality in an uncertain global environmentNet profit of DKK 5.8 billion. Carsten Egeriis, Chief Executive Officer, comments on the financial results: “For Danske Bank, the first quarter of 2025 was a continuation of our satisfactory and stable performance in 2024. We delivered solid results in line with our expectations, driven by a steady development in core income and a stable cost level. In addition, credit quality remained strong, and this resulted in low loan impairments. Our solid financial results and capital position enable us to be a strong financial partner that offers expert advice and helps our customers...

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Company announcement for the first quarter results 2025

Company announcement number 37/2025                                                                                                                                 2 May 2025 Company announcement for the first quarter results 2025 Kamilla Hammerich Skytte, CEO, comments on the first quarter of 2025: “The financial performance for the first quarter was satisfactory. Relative to the same period in 2024, the underlying business was performing at a similar level, while the first quarter of 2025 benefited from a net loan impairment reversal. During the first quarter, the loan-to-value ratio fell to 51%; This is a continuing indication of the strong credit quality of the loan portfolio. Despite significant geopolitical and economic uncertainty, the Danish economy continues to be in good shape. The growing uncertainty has, however, rubbed off...

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Statkraft submits plan to upgrade Nore power plant for 4 billion NOK

(Oslo, 2 May, 2025) – Statkraft is seeking a licence to upgrade the Nore hydropower plants in Nore and Uvdal in Buskerud, Norway with a 4 billion NOK budget. The new power plant will be able to deliver more electricity when needed and will thus be able to contribute to more stable prices. The Nore plants consist of Nore I power plant and Nore II power plant. Nore I was completed in 1928, while Nore II began production in 1946. The facilities are located on the Numedalslågen river. – In the coming years, Statkraft will build the next-generation hydropower system, and we will start five major upgrades by 2030. The license application for upgrading and expanding the Nore plants is an important step in that direction, says President and CEO Birgitte Ringstad Vartdal at Statkraft. Built for OsloBy modernising power plants that are already in...

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Idorsia issues invitation to the 2025 Annual General Meeting of Shareholders

Allschwil, Switzerland – May 2, 2025Idorsia Ltd (SIX: IDIA) today issued the invitation to the upcoming Annual General Meeting (AGM) of Shareholders on behalf of the Board of Directors. The meeting to approve the Annual Report of the year ending December 31, 2024, will be held on Wednesday, May 28, 2025, at 09.00 CEST at the Congress Center, Messe Basel, Switzerland. Jean-Paul Clozel, Chairman of the Board of Idorsia, commented:“The team at Idorsia continues to go the extra mile to secure the company’s future. I would like to thank my colleagues on the Board for their dedication and for going beyond what might usually be expected from such a mandate. Dr Sophie Kornowski has decided not to stand for re-election to the Board for personal reasons and I would like to thank Sophie for her contribution over the past two years. I’m pleased to...

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ING completes share buyback and announces new programme of up to €2.0 billion

ING completes share buyback and announces new programme of up to €2.0 billion ING announced today that it has completed the share buyback programme announced on 31 October 2024. The total number of ordinary shares repurchased under the programme is 125,848,305 at an average price of €15.84 for a total consideration of €1,993,571,438.95. During the last week of the programme, from 28 April 2025 up to and including 30 April 2025, in total 6,872,040 shares were purchased. These shares were repurchased at an average price of €17.12 for a total amount of €117,683,132.31. Today ING announced a new share buyback programme under which it plans to repurchase ordinary shares of ING Groep N.V. for a maximum total amount of € 2.0 billion. The purpose of the programme is to converge our CET1 ratio towards our target. ING Group’s CET1 ratio was 13.6%...

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ING posts 1Q2025 net result of €1,455 million, with strong growth in customer balances and fee income

ING posts 1Q2025 net result of €1,455 million, with strong growth in customer balances and fee income 1Q2025 profit before tax of €2,124 million with a CET1 ratio of 13.6%• Strong increase in fee income, driven especially by an increase in investment products• Total income was resilient, supported by an excellent growth in deposits and a continued increase in mortgage volumes, as well as strong results in Financial Markets• Operating expenses excluding regulatory costs slightly lower quarter-on-quarter• We continue to move our capital towards our target level and announce a €2.0 billion share buyback  CEO statement“While the geopolitical and macroeconomic circumstances remain uncertain, we believe there is an opportunity for Europe to collectively drive competitiveness and resilience through simplification...

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