Latest news with #No596
Yahoo
8 hours ago
- Business
- Yahoo
CITY OF LONDON INVESTMENT GROUP PLC ("City of London", "the Group" or "the Company") DIRECTORATE CHANGE
LONDON, June 10, 2025 /PRNewswire/ -- City of London (LSE: CLIG): The Board announces that Tom Griffith will leave the Board and his role as Chief Executive Officer by July 2025. The Board and the Company are involved in a planned succession process and further information will be forthcoming. Rian Dartnell, Chairman of CLIG, commented:"On behalf of the Board, I would like to express our deep appreciation to Tom for his contributions. We anticipate a smooth transition with CLIG's executive team working with Tom over a number of months." The Company reconfirms its 22 April 2025 Trading Update and looks forward to providing further details on its continued positive fourth-quarter trading performance in the upcoming year-end update, expected on 24 July 2025. The individual responsible for releasing this announcement on behalf of the Company is Rian Dartnell, Chairman. This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. City of London Investment Group PLC (LSE: CLIG) is an established asset management group listed on the London Stock Exchange, consisting of two wholly owned subsidiaries, City of London Investment Management Company, Limited and Karpus Investment Management. View original content: SOURCE City of London Investment Group PLC
Business Wire
28-05-2025
- Business
- Business Wire
Saba Capital Reaches Agreement with CQS Natural Resources Growth & Income PLC
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, 'Saba' or 'we') today announced that it has entered into a standstill agreement (the 'Agreement') with CQS Natural Resources Growth & Income PLC (CYN:LSE) ('CYN' or the 'Trust') following constructive negotiations with the Board aimed at achieving an outcome that benefits all shareholders. Under the terms of the Agreement and subject to shareholder approval, the Trust will conduct a tender offer for up to 100% of the issued share capital of CYN. Following the tender offer and subject to the passing of the resolutions, the Trust will adopt an enhanced annual dividend of approximately 8% and reduce its investment management fee by 20 basis points. This provides shareholders the option of taking a full cash exit or remaining invested in CYN with an enhanced dividend and lower management fee. The tender offer will only be available to eligible shareholders on the register as at 6.00 p.m. BST on 29 May 2025. In accordance with the terms of the Agreement, Saba has committed to vote in favour of the requisite resolutions and to tender all of the shares it owns. Boaz Weinstein, Founder and Chief Investment Officer of Saba, commented: 'Today's agreement with CYN highlights that meaningful, shareholder-friendly reform in the UK trust sector is not only possible—it's happening. When boards engage constructively, investors win. This outcome gives CYN shareholders a clear choice: full liquidity at NAV or the opportunity to stay invested in a trust with a higher dividend and a reduced management fee. It's a true win-win. CYN marks the fifth successful outcome among Saba's nine UK campaigns in 2025, reinforcing the momentum for change across the sector. We're proud to drive this transformation and remain committed to securing similar value-enhancing results for shareholders industry-wide.' White & Case LLP is acting as legal adviser to Saba Capital Management, L.P. About Saba Saba Capital Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group of clients. Founded in 2009 by Boaz Weinstein, Saba is a pioneer of credit relative value strategies and capital structure arbitrage. Saba has offices in New York City and London. Learn more at Disclaimer This announcement is not intended to be and does not constitute or contain any investment recommendation as defined by Regulation (EU) No 596/2014 (as it forms part of the domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018). No information in this announcement should be construed as recommending or suggesting an investment strategy. Nothing in this announcement or in any related materials is a statement of or indicates or implies any specific or probable value outcome in any particular circumstance. This announcement is provided merely for general informational purposes and is not intended to be, nor should it be construed as (1) investment, financial, tax or legal advice, or (2) a recommendation to buy, sell or hold any security or other investment, or to pursue any investment style or strategy. Neither the information nor any opinion contained in this announcement constitutes an inducement or offer to purchase or sell or a solicitation of an offer to purchase or sell any securities or other investments in the Trust or any other trust by Saba or any of its affiliates in any jurisdiction. This announcement does not consider the investment objective, financial situation, suitability or the particular need or circumstances of any specific individual who may access or review this announcement and may not be taken as advice on the merits of any investment decision. This announcement is not intended to provide the sole basis for evaluation of, and does not purport to contain all information that may be required with respect to, any potential investment in the Trust. Any person who is in any doubt about the matters to which this announcement relates should consult an authorised financial adviser or other person authorised under the UK Financial Services and Markets Act 2000. To the best of Saba's ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources that Saba believes to be accurate and reliable. However, such information is presented 'as is', without warranty of any kind, whether express or implied, and Saba has not independently verified the data contained therein. All expressions of opinion are subject to change without notice, and Saba does not undertake to update or supplement any of the information, analysis and opinion contained herein. Subject to the terms of the Agreement, Saba may continue transacting in the shares and securities of the Trust and any other trust, and/or derivatives referenced to them (which may include those providing long and short economic exposure) for an indefinite period following the date of this announcement and may increase or decrease its interests in such shares, securities and/or derivatives at any time. Forward-Looking Statements This announcement contains certain forward-looking statements and information that are based on Saba's beliefs, as well as assumptions made by, and information currently available to, Saba. These statements include, but are not limited to, statements about strategies, plans, objectives, expectations, intentions, expenditures and assumptions and other statements that are not historical facts. When used herein, words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'plan' and 'project' and similar expressions (or their negative) are intended to identify forward-looking statements. These statements reflect Saba's current views with respect to future events, are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual results, performance or achievements may vary materially and adversely from those described herein. There is no assurance or guarantee with respect to the prices at which any securities of the Trust or any other trust will trade, and such securities may not trade at prices that may be implied herein. Any estimates, projections or potential impact of the opportunities identified by Saba herein are based on assumptions that Saba believes to be reasonable as of the date hereof, but there can be no assurance or guarantee that actual results or performance will not differ, and such differences may be material and adverse. No representation or warranty, express or implied, is given by Saba or any of its officers, employees or agents as to the achievement or reasonableness of, and no reliance should be placed on, any projections, estimates, forecasts, targets, prospects or returns contained herein. Neither Saba nor any of its directors, officers, employees, advisers or representatives shall have any liability whatsoever (for negligence or misrepresentation or in tort or under contract or otherwise) for any loss howsoever arising from any use of information presented in this announcement or otherwise arising in connection with this announcement. Any historical financial information, projections, estimates, forecasts, targets, prospects or returns contained herein are not necessarily a reliable indicator of future performance. Nothing in this announcement should be relied upon as a promise or representation as to the future. Nothing in this announcement should be considered as a profit forecast. Permitted Recipients In relation to the United Kingdom, this announcement is being issued only to, and is directed only at, (i) investment professionals specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the 'Order'), (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of the Trust or any member of their respective groups may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as 'Permitted Recipients'). Persons who are not Permitted Recipients must not act or rely on the information contained in this announcement. Distribution Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction. The distribution of this announcement in certain countries may be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions. Saba disclaims all responsibility where persons access this announcement in breach of any law or regulation in the country of which that person is a citizen or in which that person is residing or is domiciled.
Yahoo
27-05-2025
- Business
- Yahoo
Arkema: Disclosure of Trading in Own Shares From 19 May to 23 May 2025
LA DÉFENSE, France, May 27, 2025--(BUSINESS WIRE)--Regulatory News: In accordance with applicable regulations, Arkema (Paris:AKE) announces having carried out the following share buyback transactions in accordance with Article 5 §2 of Regulation (EU) No 596/2014 from 19 May to 23 May 2025 Name of the issuer Issuer identifier code Day of the transaction Financial instrument identifier code Total daily volume (number of shares) Weighted average price of daily acquisition Market identifier code ARKEMA 9695000EHMS84KKP2785 19/05/2025 FR0010313833 2400 67,5992 XPAR ARKEMA 9695000EHMS84KKP2785 20/05/2025 FR0010313833 3400 67,5858 XPAR ARKEMA 9695000EHMS84KKP2785 21/05/2025 FR0010313833 3300 66,4996 XPAR ARKEMA 9695000EHMS84KKP2785 22/05/2025 FR0010313833 2602 66,5625 XPAR ARKEMA 9695000EHMS84KKP2785 23/05/2025 FR0010313833 6000 65,4472 XPAR TOTAL 17 702 66,5098 Detailed information can be found on the Group Arkema website: View source version on Contacts Arkema Error 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
Business Wire
27-05-2025
- Business
- Business Wire
Arkema: Disclosure of Trading in Own Shares From 19 May to 23 May 2025
LA DÉFENSE, France--(BUSINESS WIRE)--Regulatory News: In accordance with applicable regulations, Arkema (Paris:AKE) announces having carried out the following share buyback transactions in accordance with Article 5 §2 of Regulation (EU) No 596/2014 from 19 May to 23 May 2025 Name of the issuer Issuer identifier code Day of the transaction Financial instrument identifier code Total daily volume (number of shares) Weighted average price of daily acquisition Market identifier code ARKEMA 9695000EHMS84KKP2785 19/05/2025 FR0010313833 2400 67,5992 XPAR ARKEMA 9695000EHMS84KKP2785 20/05/2025 FR0010313833 3400 67,5858 XPAR ARKEMA 9695000EHMS84KKP2785 21/05/2025 FR0010313833 3300 66,4996 XPAR ARKEMA 9695000EHMS84KKP2785 22/05/2025 FR0010313833 2602 66,5625 XPAR ARKEMA 9695000EHMS84KKP2785 23/05/2025 FR0010313833 6000 65,4472 XPAR TOTAL 17 702 66,5098 Expand Detailed information can be found on the Group Arkema website:
Yahoo
19-05-2025
- Business
- Yahoo
Repurchases of shares by EQT AB during week 20, 2025. The current share buyback program has been finalized
STOCKHOLM, May 19, 2025 /PRNewswire/ -- Between 12 May 2025 and 16 May 2025 EQT AB (LEI code 213800U7P9GOIRKCTB34) ("EQT") has repurchased in total 550,211 own ordinary shares (ISIN: SE0012853455). In total, 4,931,018 ordinary shares, for an amount of SEK 1,414,759,459.25, have been repurchased and as a result, the current program has been finalized. The repurchases form part of the repurchase program of a maximum of 4,931,018 own ordinary shares for a total maximum amount of SEK 2,500,000,000 that EQT announced on 11 March 2025. The repurchase program, which ran between 12 March 2025 and 16 May 2025, was carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052. EQT ordinary shares have been repurchased as follows: Date: Aggregated volume (number of shares): Weighted average share price per day (SEK): Aggregated transaction value (SEK): 12 May 2025 112,000 294.4865 32,982,488.00 13 May 2025 110,000 297.2572 32,698,292.00 14 May 2025 110,000 294.8330 32,431,630.00 15 May 2025 110,000 295.1588 32,467,468.00 16 May 2025 108,211 296.8223 32,119,437.91 Total accumulated over week 20 550,211 295.7035 162,699,315.91 Total accumulated during the repurchase program 4,931,018 286.9102 1,414,759,459.25 All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT. Following the above acquisitions and as of 16 May 2025, the number of shares in EQT, including EQT's holding of own shares is set out in the table below. Ordinary shares Class C shares1 Total Number of issued shares2 1,241,510,911 496,056 1,242,006,967 Number of shares owned by EQT AB3 64,855,209 - 64,855,209 Number of outstanding shares 1,176,655,702 496,056 1,177,151,758 1) Carry one tenth (1/10) of a vote2) Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB3) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders' meetings A full breakdown of the transactions is attached to this announcement. ContactOlof Svensson, Head of Shareholder Relations, +46 72 989 09 15EQT Press Office, press@ +46 8 506 55 334 This information was brought to you by Cision The following files are available for download: EQT Transactions 20250512 to 20250516 EQT AB Group View original content: Sign in to access your portfolio
