Latest news with #PublicLimitedCompanies
Yahoo
12-05-2025
- Business
- Yahoo
Heimar hf.: Regular Notification of Share Buybacks in Accordance with the Buyback Program
In week 19, Heimar hf. ('Heimar') purchased 3,000,000 own shares at a total purchase price of 108,200,000 ISK, as follows: Date Time Shares Purchased Transaction Price (Rate) Purchase Price (ISK) 5.5.2025 15:11 1,000,000 36 36,000,000 7.5.2025 14:42 1,000,000 36 36,000,000 8.5.2025 11:24 1,000,000 36.2 36,200,000 Total 3,000,000 108,200,000The transactions are in accordance with Heimar's buyback program, which was announced on April 8, 2025. According to the program, the buybacks will amount to a maximum of ISK 500,000,000 in total, and the program will remain in effect until that limit is reached, but no later than the company's 2026 Annual General Meeting. Heimar owned 7,995,000 shares prior to the above transaction, and following these purchases, now holds 10,995,000 shares, or approximately 0.62% of the company's issued shares, with a total purchase price of ISK 390,034,000. The execution of the buyback program will comply with the Icelandic Public Limited Companies Act, No. 2/1995, Article 5 of the European Parliament and Council Regulation (EU) No. 596/2014 on Market Abuse, as referred to in the Icelandic Act on Measures Against Market Abuse, No. 60/2021, as well as the European Commission's delegated regulation No. 2016/1052/EU, which contains technical terms related to buyback programs. For further information, please contact:Björn Eyþór Benediktsson – Chief Financial Officer – eythorb@
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Business Standard
30-04-2025
- Business
- Business Standard
Enterprises with output below Rs 500 cr account for 63% of employment
Enterprises with output more than ₹500 crore accounted for more than 63 per cent of total employment in India, as per the data released by the Ministry of Statistics and Programme Implementation. The data was released by the government as part of the Pilot Study on Annual Survey of Services Sector Enterprises. The govt aims to capture insights into the Incorporated Service Sector. The data indicates that large enterprises—those with an output of ₹500 crores and above—hold a dominant share in several key economic indicators: they account for 62.77 per cent of total asset ownership, 62.73 per cent of net fixed capital formation, 69.47 per cent of gross value added, and 63.17 per cent of total compensation. The data also indicates that during FY 2022–23, the majority of corporate entities in the ASSSE pilot study were Private Limited Companies, comprising 82.40 per cent at the aggregate level. These were followed by Public Limited Companies and Limited Liability Partnerships, each representing nearly 8 per cent. This pattern is consistent across all Broad Activity Categories (BAC), namely Construction, Trade, and Other Services. The data also showed that 28.5 per cent of the enterprises overall reported having additional business locations within the same state. This proportion was highest in the Trade sector, where approximately 41.8 per cent of enterprises reported such additional business premises. 'As per GSTN nomenclature, the term 'enterprise' is analogous to 'principal place of business', which may have one or more 'additional places of business' (establishments) in the state,' the government clarified. While conducting the survey, the government encountered several challenges. Although most enterprises were found to be existing and operational, 'challenges were faced in bifurcating the GSTIN-level information pertaining to the selected enterprises from pan-India centralized records (often CIN-based) maintained at the headquarter level,' the government said.
Time of India
30-04-2025
- Business
- Time of India
Services sector enterprises with less than Rs 500 crore output account for 63% employment: Survey
Services sector enterprises with less than Rs 500 crore output accounted for 63.03 per cent of the total employment in the segment, according to a government survey released on Wednesday. The first pilot study on the Annual Survey of Services Sector Enterprises (ASSSE) conducted by the Ministry of Statistics & Programme Implementation revealed that larger enterprises with output Rs 500 crore and above dominate in terms of asset ownership (62.77 per cent), net fixed capital formation (62.73 per cent), gross value added (69.47 per cent) and total compensation (63.17 per cent). #Pahalgam Terrorist Attack A Chinese shadow falls on Pahalgam terror attack case probe How India can use water to pressure Pakistan Buzzkill: How India can dissolve the Pakistan problem, not just swat it The data also showed "that enterprises (having output below Rs 500 crore ) make up almost account for 63.03 per cent of total employment and 36.84 per cent of total compensation". According to the survey, 28.5 per cent of enterprises reported having additional places of business within the state. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Car Cleaner Works So Fast, It Feels Like Cheating Make Your Car Look Like New This percentage was observed to be the highest in the trade sector, with around 41.8 per cent of enterprises belonging to this sector reporting additional places of business in the state. The findings, which are based on the GSTN database, will provide a foundation for launching the full-scale annual survey, starting in January 2026, the statement said. Live Events A majority of the corporate entities in the pilot study on ASSSE are Private Limited Companies (82.40 per cent at the overall level) during FY 2022-23, followed by Public Limited Companies and Limited Liability Partnership (each having nearly 8 per cent share). Phase I of the pilot was conducted from May 2024 to August 2024 covering 10,005 enterprises primarily to verify and update address and activity information, along with collecting some quantitative information like gross sale value and employment. Phase-II of the pilot study was based on responses from 5,020 enterprises selected from the list of eligible enterprises of Phase-I took place from November 2024 to January 2025.
