Latest news with #552
Yahoo
26-05-2025
- Business
- Yahoo
Issue of new VINCI shares reserved for the employees of foreign subsidiaries of VINCI in the context of the international Group savings plan
A French public limited company (société anonyme) with capital of €1,456,035,992.50Registered office: 1973, boulevard de la Défense – 92000 NanterreRegistered number: 552 037 806 RCS relations department: actionnaires@ Issue of new VINCI sharesreserved for the employees of foreign subsidiaries of VINCIin the context of the international Group savings plan In its thirteenth resolution, the Combined Shareholders' General Meeting of 9 April 2024 delegated to the Board of Directors, for a period of 18 months expiring on 8 October 2025, its authority to carry out capital increases reserved for the employees of certain foreign subsidiaries of the Group. At its meeting on 16 October 2024, VINCI's Board of Directors thus set the terms of a capital increase reserved for the employees of VINCI subsidiaries located in Germany, Australia, Austria, Bahrain, Belgium, Brazil, Cambodia, Cameroon, Canada, Chile, Colombia, Ivory Coast, Croatia, Denmark, United Arab Emirates, Spain, United States, Finland, Greece, Hong-Kong, Hungary, Indonesia, Ireland, Italy, Lithuania, Luxembourg, Malaysia, Morocco, Mexico, Norway, New Zealand, Netherlands, Peru, Poland, Portugal, Dominican Republic, Czech Republic, Romania, Senegal, Serbia, Singapore, Slovakia, Sweden and Switzerland. At its meeting on April 17, 2025, the Board of Directors confirmed as required the decisions made on October 16, 2024, and delegated full powers to the Chief Executive Officer, in particular to set the opening and closing dates of the subscription periods in the countries concerned, and to set the subscription price for the new shares within the framework defined by the General Meeting. In his decision of May 23, 2025, VINCI's Chief Executive Officer decided that the employee share ownership would not be offered in Ivory Coast and Senegal due to local regulatory constraints. In the same decision, VINCI's Chief Executive Officer decided that the subscription period would run, in all the countries concerned, from Monday 26 May 2025 to Friday 13 June 2025. In this decision, VINCI's Chief Executive Officer set the issue price of the new shares which is equal to the average price of the VINCI shares prices quoted on the regulated market of Euronext Paris SA on the basis of the vwap (volume-weighted average price) during the 20 trading sessions preceding 23 May 2025, i.e. €125.33 per new share to be issued. The maximum number of shares that may be issued and the total amount of the issue will depend on the level of employees' subscriptions. The maximum number of new shares to be issued may not exceed the limit set by the Shareholders' General Meeting of 9 April 2024 in its thirteenth resolution and, if this limit is insufficient, by that set by the General Meeting of Shareholders of 17 April 2025 in its twenty-sixth resolution. The total number of new shares that may be issued on the basis of the thirteenth resolution of the Shareholders' Meeting of 9 April 2024 and on the basis of the twelfth resolution of the same Shareholders' Meeting in favor of employee shareholding in accordance with the provisions of Articles L. 225-138-1 and seq. of the French Commercial Code and L. 3332-1 and seq. of the French Labour Code may not exceed 1.5% of the number of shares comprising the authorized share capital at the time the Board makes its decision. The new VINCI shares to be issued1 will be subscribed by employees in July 2025 through the "Castor International Relais 2025" FCPE, except in the United States, Croatia, Greece, Italy and Poland where they will be subscribed by employees directly. The admission of these new shares to trading on the regulated market of Euronext Paris will be requested immediately after their issue. The subscribed shares will be frozen for 3 years from the date of the capital increase (except in specific cases of early release). Subject to this reservation, these ordinary shares will not be subject to any restrictions and will carry dividend rights from 1 January 2025. ** ** Nanterre, 23 May 2025 1 Up to the total amount of employee contributions Attachment Document d'information Castor International 2024 (Anglais)-vdéf
TimesLIVE
23-05-2025
- Business
- TimesLIVE
Energy bills to fall for millions of Britons as price cap dips 7%
Millions of British households will see lower energy bills from July after regulator Ofgem said its domestic price cap would fall 7% to reflect lower wholesale energy prices. The reduction is welcome news for the government, under pressure to ease a cost-of-living squeeze, and comes after data earlier this week showed a bigger-than-expected rise in inflation in April. "Global wholesale prices for energy have gone down. While this is the main cause, changes to supplier business costs have also made an impact on energy prices falling," Ofgem said. Wholesale gas and power prices are a major part of the formula the regulator uses to calculate the price cap. Benchmark British gas prices have fallen almost 40% since their peak in February, dented by fears over an industrial slowdown and global trade war and after the EU parliament backed weaker gas storage rules. Despite the fall, domestic energy prices remain about 50% higher than they were in the summer of 2021, before Russia's invasion of Ukraine sent gas prices soaring and sparked an energy price crisis in Europe. Consumer groups warned energy costs remain unmanageable for many households and called for more support for those struggling. "Any fall in the price of energy is always welcome news, but this is a short fall from a great height. Bills remain punishingly high for low-income households," said Adam Scorer, CEO of energy poverty charity National Energy Action. British Prime Minister Keir Starmer on Wednesday said he recognised older people were feeling the pressure of energy prices and he wanted to ensure more pensioners become eligible for winter fuel payments, having curbed the number of people eligible last year. Ofgem's new cap of £1,720 (R41,552) a year for average use of electricity and gas is down £129 (R3,116) from the previous cap for April to June.
Yahoo
18-03-2025
- Politics
- Yahoo
Nebraska GOP lawmaker wants to reshape higher ed with DEI, tenure bans
The University of Nebraska-Lincoln's Love Library on Mar. 16, 2025. (Juan Salinas II/Nebraska Examiner) LINCOLN — Several University of Nebraska-Lincoln and University of Nebraska at Omaha students expressed concerns Monday about a pair of bills that aim to reshape higher education in the state. 'Our university system should be something we invest in,' said UNL student Carter Grier, representing the Association of Students of the University of Nebraska. 'Not something we undermine.' College students, faculty and some university officials testified against Legislative Bills 551 and 552 during an afternoon hearing of the Education Committee. The proposed legislation, both filed by State Sen. Loren Lippincott of Central City, would ban diversity, equity and inclusion offices (LB 552) and dismantle tenure for faculty members (LB 551). Tenure provides a layer of protection for college faculty members from being dismissed and is often seen as a safeguard of academic freedom. While similar legislation was proposed a year ago in Nebraska, the latest attempt comes as both UNL and UNO have closed DEI offices in response to the Trump administration's continuing crackdown on DEI programs with executive orders as higher education becomes a renewed front in the nation's culture wars. The hearing on the bills followed Friday's announcement that the U.S. Department of Education is investigating UNO and 44 other universities for 'race-exclusionary practices' in graduate programs. University officials said UNO 'will cooperate' with the federal probe. Nebraska, if LB 552 becomes law, would join other Republican-led states that have passed laws banning DEI initiatives in higher education. Lippincott's attempt to remove tenure last year was postponed indefinitely. This time, he said a revised version of the bill would promote more 'transparency and accountability' and not an attempt to 'stifle' academic freedom. Faculty members said they are already judged by merit and that the bill would have a negative impact on recruiting and retaining new professors and staff. They also said it could lead to political intimidation of academic pursuits and harm the university's academic reputation. Lippincott and State Sen. Danielle Conrad of Lincoln, an Education Committee member, had a tense exchange on both bills. Conrad pointed to the 'Exon decision,' a decades-old Nebraska Supreme Court case that limits how much the Legislature can interfere in the university's policies, leaving that to the elected University of Nebraska Board of Regents. Lippincott pushed back, pointing to recent decisions by Trump's Education Department as to why the bill should become law. Conrad asked Lippincott if LB 551 attempts to discourage free expression and academic freedom. 'Yes,' Lippincott said. LB 551, as written, would replace academic tenure with annual performance evaluations and minimum standards of good practice for faculty members. Lippincott pointed to several states, including Texas and Florida, with similar legislation. Republicans around the county have pushed legislation to remove tenure, but none has gone into effect, or if passed, the bills have been watered down to avoid a complete ban. LB 551 would ban tenure. 'There is a movement around the country to do some tune-ups on the tenure program, so it's more merit-based,' Lippincott said during the LB 551 hearing. Vice President J.D. Vance has called for an aggressive 'attack' on universities around the country if 'any of us want to do the things that we want to do for our country and for the people who live in it' during a speech at the National Conservatism Conference in 2021. During the hearing, students, faculty and advocates said banning DEI on campus would hurt students, professors and staff from marginalized groups and make students and professors move to different states with tenure and DEI programs. The NU system has dealt with controversy around DEI in previous years, including criticism from Gov. Jim Pillen, a former NU regent, and multiple state senators. UNO and UNL closed DEI offices this year, partly to comply with Trump's Education Department memo that told schools and universities that the institutions could lose federal funding over 'race-based preferences' in admissions, scholarships and other areas of student life. Those orders have been challenged in federal lawsuits for being too vague and violating the free speech rights of educators. Lippincott also has proposed bills that could infuse more religion into K-12 schools. State Sen. Dave Murman of Glenvil, the Education Committee chairman, filed similar legislation to ban DEI offices last year. Lippincott said the bill is needed because 'DEI undermines merit and academic excellence.' 'DEI offices create an environment of ideological conformity,' Lippincott said during the LB 552 hearing. 'That is groupthink.' Lippincott made statewide headlines over his recent opinion column meant for local newspapers criticizing DEI programs, which spilled over onto the legislative floor last month when some lawmakers demanded an apology. Lippincott told the Nebraska Examiner that his only regret was not elaborating on his central point in the column. 'We have determined that LB 552 is heavily weighted against people of color, women, the disabled and the poor,' said Dewayne Mays, president of the NAACP's Lincoln chapter. 'It's an attempt to limit free speech and other rights in postsecondary state institutions and efforts to express those freedoms that allow us to reach out potentially.' Dr. Jeffrey Gold, president of NU, referred to the Education Department memo and said the university 'takes the requirement outlined by the Department of Education … very seriously' and is complying with the agency's new guidelines. Gold said the university believes that no additional regulations are needed. Committee member State Sen. Margo Juarez of Omaha asked Lippincott what his goal was with LB 552. 'Is your message [that] diversity is not quality?' Juarez asked Lippincott. 'That's what I'm hearing.' Lippincott responded by saying, 'No. I think that each one of us has infinite worth as individuals.' The committee took no immediate action on the bills. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
