Latest news with #OSE
Yahoo
a day ago
- Business
- Yahoo
Paratus: Key Information Relating to Q1 2025 Return of Capital
HAMILTON, Bermuda, May 28, 2025 /PRNewswire/ -- Reference is made to the announcement by Paratus Energy Services Ltd. (OSE: PLSV) ("Paratus" or the "Company") today that the Board of Directors has approved a cash distribution to shareholders as specified below. The distribution will be in the form of return of capital and will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Please find below the key information relating to the return of capital. Return of capital: USD 0.22 (approximately NOK 2.23) per share Declared currency: USD Last day including right: June 2, 2025 Ex-date: June 3, 2025 Record date: June 4, 2025 Payment date: June 11, 2025 Date of approval: May 27, 2025 Payment of cash distribution to shareholders holding shares outside the Euronext Securities Oslo/VPS will be handled manually. This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act. For further information, please contact:Baton Haxhimehmedi, +47 406 39 083 About ParatusParatus Energy Services Ltd. (ticker: PLSV) is an investment holding company of a group of leading energy services companies. The Paratus Group is primarily comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems. Fontis Energy is an offshore drilling company with a fleet of five high-specification jack-up rigs working under contracts in Mexico. Seagems is a leading subsea services company, with a fleet of six multi-purpose pipe-laying support vessels under contracts in Brazil. In addition, Paratus is the largest shareholder in Archer Ltd, a global oil services company, listed on the Euronext Oslo Børs. This information was brought to you by Cision View original content: 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
Yahoo
a day ago
- Business
- Yahoo
Vow Q1: Extended loan facility and adjusted covenant structure
Oslo, 28 May 2025 – Vow ASA (OSE: VOW) has extended the maturity of its loan facilities by 12 months, to Q3 2027, and amended covenants with improved headroom. Further, the guarantee facility increased from NOK 80 million to NOK 100 million. For more details, please see note 2 in the Trading update report for Q1 2025 published as a separate stock exchange announcement more information, please contact: Gunnar Pedersen, CEO, Vow ASATel: +47 916 30 304Email: Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 992 93 826Email: Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven. The company is a cruise market leader in wastewater purification and valorisation of waste. It provides technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy. The company also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW). The information is such that Vow ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:05 CET, 28 05 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
Yahoo
a day ago
- Business
- Yahoo
Vow Q1: Key indicators improved, work remains to ensure long-term sustainable profitability
Oslo, 28 May 2025 – Vow ASA (OSE: VOW) had revenues of NOK 260.8 million in the first quarter of 2025, up 12.3 per cent from NOK 232.3 million in the same quarter last year. EBITDA before non-recurring cost was NOK 13.2 million, up from NOK 5.6 million in Q1 2024. Both the Maritime Solutions and the Aftersales segments delivered double digit EBITDA margins, while the Industrial Solutions segment continued to be impacted by delayed order intake. Group EBITDA margin in the quarter improved from 2.4 per cent to 5.0 per cent year-over-year. As Vow reports in Norwegian kroner (NOK), key financial figures have been impacted by significant fluctuations in exchange rates during the quarter. Result before tax ended at negative NOK 30.4 million, compared to negative NOK 17.0 million in Q1 2024, mainly related to the development of a net foreign exchange loss of NOK 12.1 million. Across the group, Vow is entering new contracts with more favourable terms reflecting inflation and current price levels. Vow's total order backlog currently stands at NOK 1,532 million, compared with NOK 1,066 million one year earlier and NOK 1,680 million at the start of the year. Options in the Maritime Solutions segment were valued at NOK 250 million at the end of the quarter. With an increasing number of ships being built with environmentally compliant operations, the demand for Vow's technology and lifecycle services from the aftersales segment is growing. Demand for heat-intensive technologies is also on the rise. 'Vow enjoys a favourable position in cruise and promising positions in other industry verticals. Key performance indicators have improved, but significant work remains to strengthen operational execution, manage risk effectively, and ensure long-term, sustainable profitability. These are top priorities for the team and me going forward,' said CEO Gunnar Pedersen. CEO Gunnar Pedersen and CFO Cecilie Brænd Hekneby both joined Vow in May 2025. Together, they bring broad industry and professional experience and a mandate to strengthen operations, improve project execution, and drive delivery of the group's strategic priorities. After the reporting period, Vow agreed with DNB to extend the maturity of its loan facilities by 12 months, to Q3 2027. As part of the amendment, the covenant structure was adjusted with improved headroom. Detailed information about Vow's operational and financial performance for the first quarter 2025 is available in the attached Trading more information, please contact: Gunnar Pedersen, CEO, Vow ASATel: +47 916 30 304Email: Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 992 93 826Email: Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven. The company is a cruise market leader in wastewater purification and valorisation of waste. It provides technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy. The company also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW). The information is such that Vow ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET, 28 05 2025. Attachments Vow - First quarter 2025 presentation Vow - First quarter 2025 reportError 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
Yahoo
a day ago
- Business
- Yahoo
Equinor ASA: Execution of debt capital market transactions
On Tuesday May 27, 2025 Equinor ASA (OSE:EQNR, NYSE:EQNR), guaranteed by Equinor Energy AS, executed the following debt capital market transactions: Issue of USD 550 million 4.25% Notes due June 2, 2028 Issue of USD 400 million 4.50% Notes due September 3, 2030 Issue of USD 800 million 5.125% Notes due June 3, 2035 The net proceeds from the issue of the Notes will be used for general corporate purposes, which may include the repayment or purchase of existing debt or other purposes described in the prospectus supplement for the issue of Notes. The transaction will increase the financial flexibility of the company. The offering is scheduled to close on June 3, 2025, subject to the satisfaction of customary conditions. Any public offering in the United States is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by Equinor ASA and Equinor Energy AS, and previously declared effective. Further information from: Investor relations:Bård Glad Pedersen, Senior Vice President, Investor Relations,+47 918 01 791 Press:Rikke Høistad Sjøberg, Media Relations,+47 901 01 451 Finance:Sverre Serck-Hanssen, Vice President, Capital Markets,+47 951 68 342 This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of Equinor ASA nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC"). The offering is being made only by means of a prospectus and related prospectus supplement. The prospectus and related preliminary prospectus supplement may be obtained by visiting the SEC's website at Alternatively, you may request these documents by calling (1) Barclays Capital Inc. at 1-888-603-5847, (2) BofA Securities, Inc. at 1-800-294-1322, (3) Deutsche Bank Securities Inc. at 1-800-503-4611, (4) Goldman Sachs & Co. LLC at 1-866-471-2526, or (5) J.P. Morgan Securities LLC at 1-212-834-4533. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Yahoo
a day ago
- Business
- Yahoo
Equinor ASA: Execution of debt capital market transactions
On Tuesday May 27, 2025 Equinor ASA (OSE:EQNR, NYSE:EQNR), guaranteed by Equinor Energy AS, executed the following debt capital market transactions: Issue of USD 550 million 4.25% Notes due June 2, 2028 Issue of USD 400 million 4.50% Notes due September 3, 2030 Issue of USD 800 million 5.125% Notes due June 3, 2035 The net proceeds from the issue of the Notes will be used for general corporate purposes, which may include the repayment or purchase of existing debt or other purposes described in the prospectus supplement for the issue of Notes. The transaction will increase the financial flexibility of the company. The offering is scheduled to close on June 3, 2025, subject to the satisfaction of customary conditions. Any public offering in the United States is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by Equinor ASA and Equinor Energy AS, and previously declared effective. Further information from: Investor relations:Bård Glad Pedersen, Senior Vice President, Investor Relations,+47 918 01 791 Press:Rikke Høistad Sjøberg, Media Relations,+47 901 01 451 Finance:Sverre Serck-Hanssen, Vice President, Capital Markets,+47 951 68 342 This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of Equinor ASA nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC"). The offering is being made only by means of a prospectus and related prospectus supplement. The prospectus and related preliminary prospectus supplement may be obtained by visiting the SEC's website at Alternatively, you may request these documents by calling (1) Barclays Capital Inc. at 1-888-603-5847, (2) BofA Securities, Inc. at 1-800-294-1322, (3) Deutsche Bank Securities Inc. at 1-800-503-4611, (4) Goldman Sachs & Co. LLC at 1-866-471-2526, or (5) J.P. Morgan Securities LLC at 1-212-834-4533. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
