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Mandatory notice of shareholding 19 June 2025

Mandatory notice of shareholding 19 June 2025

Yahoo4 hours ago

IDEX Biometrics ASA ('IDEX') discloses the following on behalf of a shareholder.
Reference is made to the stock exchange notice from IDEX Biometrics ASA on 15 June 2025 regarding the share issue to personnel. The subscription and allocation have been completed on 19 June 2025.
Sundt AS holds 230,491,498 shares in IDEX. This is unchanged from the previous notice on 14 April 2025. Following registration of the share capital increase for the personnel placement, the ownership will represent 4.87 % of the shares and voting rights in IDEX.
About this notice:
This notice was issued by Kristian Flaten, CFO, on 20 June 2025 at 04:15 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 4-2 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5-12 of the STA.

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Mandatory notice of shareholding 19 June 2025
Mandatory notice of shareholding 19 June 2025

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Mandatory notice of shareholding 19 June 2025

IDEX Biometrics ASA ('IDEX') discloses the following on behalf of a shareholder. Reference is made to the stock exchange notice from IDEX Biometrics ASA on 15 June 2025 regarding the share issue to personnel, and the notice regarding mandatory notification of trades on 20 June 2025. The subscription and allocation have been completed on 19 June 2025. Anders Storbråten, including associated company Pinchcliffe AS, will hold 975,635,000 shares in IDEX. Following registration of the share capital increase for the personnel placement, the ownership will represent 20.62 % of the shares and voting rights in IDEX. About this notice: This notice was issued by Kristian Flaten, CFO, on 20 June 2025 at 04:22 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 4-2 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5-12 of the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why Big Oil Isn't Afraid of Peak Oil Demand
Why Big Oil Isn't Afraid of Peak Oil Demand

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Why Big Oil Isn't Afraid of Peak Oil Demand

Big Oil firms expect global oil demand to stop growing at some point early next decade. But the decline will be very slow and gradual and will look more like a plateau than a downward spiral. The world's biggest international oil and gas companies have started to acknowledge that demand growth could slow or stop within a decade. But these firms keep pumping oil and gas more than they did earlier this decade as they expect that oil demand – regardless of a peak – isn't going the headline-grabbing surge in renewable energy capacity, solar and wind cannot replace fossil fuels in many industrial processes and production while demand for petrochemicals drives increased oil and gas consumption. The strategic shift of BP and Shell from early this decade to boost investments in renewables while scaling back oil production lasted only a couple of years. Europe's Big Oil found out firsthand that the renewables business isn't bringing the profits that the core oil and gas business is generating. Faced with the difficult task of rewarding shareholders with attractive yields and payouts and stopping the investor outflow from the industry, and with an energy crisis with soaring oil and gas prices, Shell and BP drastically scaled on their ambitions in renewables and shifted their focus on oil and gas again. Equinor of Norway, where electric vehicles hold an enormous market share and power comes from hydro and wind, also reduced investments in renewables, in order to boost returns for shareholders and adapt to an uneven energy transition. The Norwegian major, which dropped 'oil' from its name and rebranded to Equinor seven years ago with more renewables business in mind, acknowledged that market conditions in the clean energy sector have changed and the energy transition is going forward with an uncertain and uneven pace. At the same time, Equinor, which now produces a large part of the gas going to Europe via pipelines, expects to keep a high level of oil and gas production in Norway 'all the way to 2035.' 'What we are working on is to make sure that we are able to squeeze every molecule out of the Norwegian continental shelf,' chief executive Anders Opedal told the Financial Times. 'So we have to drill around 100 wells a year for the next decade.' Low returns from higher-cost renewables and the uncertain pace of the transition amid the push for security of supply have had European majors scale back plans and investments in renewables and look to grow low-cost lower-carbon oil and gas production. In the U.S., ExxonMobil and Chevron didn't have to pivot as they weren't deep into renewable energy even before the 2022-2023 energy crisis and soaring the International Energy Agency (IEA), which has just doubled down on its forecast of peak oil demand by the end of this decade, Big Oil companies don't see any peak by 2030. Some have put a peak at some point in the 2030s, but all say that oil and gas will remain essential for global economic growth and development in 2050. 'Under any credible scenario, oil and natural gas remain essential,' ExxonMobil says in its latest Global Outlook to 2050. The U.S. supermajor also believes that 'Lower-carbon technology needs policy support to grow rapidly but ultimately must be supported by market forces.' In 2050, more than 50% of global energy demand will still be met by oil and natural gas, Exxon reckons. 'The world will be different in 2050, but the need to provide the reliable, affordable energy that drives economic prosperity and better living standards, while reducing greenhouse gas emissions, will remain just as critical as it is today,' it says. Shell's CEO Wael Sawan has said that reducing global oil and gas production would be 'dangerous and irresponsible' as the world still needs those hydrocarbons. In its 2025 Energy Security Scenarios, Shell sees oil demand likely to grow by 3?5 million barrels per day (bpd) into the early 2030s, with a long but slow decline after that as petroleum remains an affordable and convenient fuel, particularly in transport, and an important feedstock for the petrochemical industry. In all three scenarios analyzed by Shell, upstream investment of around $600 billion a year 'will be required for decades to come as the rate of depletion of oil and gas fields is two to three times the potential future annual declines in demand.' In the most-discussed strategy reset this year, BP slashed spending on clean energy and boosted upstream investments. The UK-based supermajor will aim for 10 new major oil and gas projects to start up by the end of 2027, and a further 8–10 projects by the end of 2030. Production is also expected to grow: to 2.3–2.5 million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035. That's a stark departure from BP's previous strategy to lower oil and gas output by 2030. 'We will grow upstream investment and production to allow us to produce high margin energy for years to come,' CEO Murray Auchincloss said. Whenever peak oil demand occurs, it will not be a steep downhill in global consumption—it will be a long plateau with a soft decline afterward, Big Oil says. A steep drop could only occur if there is an aggressive political push toward net-zero emissions by 2050, Shell's head of scenario planning, Laszlo Varro, told FT. 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SolarWinds promotes insider to CFO seat
SolarWinds promotes insider to CFO seat

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SolarWinds promotes insider to CFO seat

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. SolarWinds has promoted finance veteran Tim Karaca to the company's CFO seat, the software maker said Wednesday. Karaca most recently served for three years as the group vice president for strategic finance and investor relations at SolarWinds. His new role became effective on June 16, according to a press release. The finance leadership change comes as the Austin, Texas-based information technology management software provider defends itself against a Securities and Exchange Commission lawsuit stemming from a major cybersecurity breach in 2020. In 2023, the SEC sued the company and its chief information security officer, Timothy Brown, for allegedly defrauding investors by mischaracterizing cybersecurity practices that were in place at the company leading up to the 2020 breach. Both Brown and the company's then-CFO, J. Barton Kalsu, were put on notice during the agency's investigation that they could face charges. However, Kalsu ultimately wasn't named in the suit. In June 2024, SolarWinds announced that Kalsu resigned to 'explore other professional opportunities' outside the company. Karaca succeeds Lewis Black, who became CFO of the company following Kalsu's resignation. Black is 'transitioning out of the role after having led the company through many notable achievements,' a spokesperson said in an email. Prior to joining SolarWinds, Karaca did leadership stints at AIG, Microsoft and Bridgewater Associates. 'Tim's significant strengths in strategy, capital allocation, and operating discipline are critical to our growth-focused partnership with Turn/River Capital,' SolarWinds CEO Sudhakar Ramakrishna said in the Wednesday release. 'There is no one better suited to serve as CFO as we embark on this next chapter.' The transition also comes less than two months after the company went private after completing an agreement to be acquired by Turn/River Capital for $4.4 billion. Recommended Reading Disney CFO, ex-CEO named in shareholder lawsuit

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