Latest news with #share repurchase
Yahoo
a day ago
- Business
- Yahoo
Weekly progress on share repurchase program to cover share plans and reduce capital
Press Release Weekly progress on share repurchase program to cover share plans and reduce capital Kaiseraugst (Switzerland), Maastricht (Netherlands), July 15, 2025 dsm-firmenich, innovators in nutrition, health, and beauty, announced on February 13, 2025 its intention to repurchase ordinary shares with an aggregate market value of €1 billion and reduce its issued capital, starting with an initial €500 million. On April 1, 2025, the company commenced a program to repurchase ordinary shares for a total amount of €580 million, of which €80 million to cover commitments under the Group's share-based compensation plans and €500 million to reduce its issued capital. On June 27, 2025, the company announced the increase of the share repurchase program to €1,080 million following the completion of the previously announced sale of dsm-firmenich's stake in the Feed Enzymes Alliance. In accordance with regulations, dsm-firmenich informs the market that during the period from July 7, 2025 up to and including July 11, 2025 a total number of 293,078 shares have been repurchased on its behalf. The shares were repurchased at an average price of €90.16 per share for a total amount of €26.4 million. The total number of shares repurchased under this program to date is 4,528,509 shares at an average price of €93.8 for a total consideration of €424.8 million. This €1,080 million share repurchase program will be completed no later than January 30, 2026. For more detailed information see 'Daily transaction details Share Repurchase Program announced April 1, 2025'. For more information, please contact: dsm-firmenich investor relations enquiries:Email: investors@ dsm-firmenich media enquiries:Email: media@ About dsm-firmenichAs innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world's growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for the planet. dsm-firmenich is a Swiss company with dual headquarters in Kaiseraugst, Switzerland and Maastricht, Netherlands, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life every day, everywhere, for billions of people. Disclaimer This press release does not constitute or form part of, an offer or any solicitation of an offer for securities in any jurisdiction. This press release may contain forward-looking statements with respect to dsm-firmenich's future. Such statements are based on current expectations, estimates and projections of dsm-firmenich and information currently available to the company. dsm-firmenich cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. dsm-firmenich has no obligation to update the statements contained in this press release, unless required by law. This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. The English language version of this press release prevails over other language versions. Attachment Press release_dsm-firmenich progress on share repurchase program_20250715
Yahoo
2 days ago
- Business
- Yahoo
BlueNord ASA: Initiating Offer to Buy Back Own Shares
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. OSLO, Norway, July 14, 2025 /PRNewswire/ -- Reference is made to the stock exchange notice by BlueNord ASA ("BlueNord" or the "Company") on 18 June 2025 where the Company announced its intention to declare a total distribution of USD 253 million to its shareholders, comprising of USD 203 million as cash dividend and up to USD 50 million in a share repurchase. The cash dividend was paid on 4 July 2025. Based on the authorization granted by the annual general meeting of the Company on 22 May 2025 for the Company's Board to acquire up to 30% of the share capital of the Company, the Company hereby launches a tender offer to purchase shares of the Company up to the NOK equivalent of USD 50 million (the "Offering"). The Offering will be conducted as a reverse book building process in which shareholders can submit sales offers. The acquisition of shares is subject to offer demand and prices and as further determined by the Company's Board. The Company reserves the right, at its own discretion, to acquire fewer shares or no shares at all in the Offering. To the extent the Company elects to buy back less than USD 50 million, the remaining amount will be paid to shareholders as a dividend. The purpose of the shares acquired in the Offering is expected to be used in the Company group's share incentive program, and for the remaining (majority part) to be cancelled at a later stage, subject to approval by a general meeting resolution. The Company has mandated DNB Carnegie, a part of DNB Bank ASA, as Manager for the Offering. Shareholders in the Company, who may lawfully participate, are invited to sell shares in the Offering, subject to the restrictions set out herein. Shareholders wanting to sell shares in the Offering are required to complete and send the attached acceptance form to DNB Carnegie at demand@ before the end of the Application Period (as defined below). Existing customers of DNB Carnegie can contact DNB Carnegie at +47 24 16 90 20 with their respective volume and price targets. The Offering will be carried out by means of a reverse book building process where the Company, through DNB Carnegie, will receive offers for desired volume(s) at desired price(s) for sale from the shareholders. The Company reserves the right to, at its own discretion, accept any volume up to an accepted price, or to reject any and all received offers in the contemplated Offering. The Company may further, at its sole discretion amend, terminate or withdraw the Offering at any time until the time of completion of the Offering. The application period for tendering shares in the Offering commences at 09:00 hours CEST on 14 July 2025 and is expected to close at 16:30 hours CEST on 16 July 2025 (the "Application Period"). The final price offered by the Company and the allocation of tendered shares are expected to be resolved by the Company on or about 16 July 2025, the trade date is expected to be on or about 17 July 2025 and the settlement date is expected to be on or about 21 July 2025. The settlement will either be conducted on a normal delivery-versus-payment basis (DVP) or through the VPS system. The Company reserves the right to extend or cancel the Application Period at its own discretion. If the Application Period is amended the other dates referred to herein may be amended accordingly. The Company will – in the event of receiving acceptances for shares above the NOK equivalent of USD 50 million – depending on the prices and volumes shown by selling shareholders and subject to the restrictions set out herein and applicable legislation, allocate shares at its discretion, with the equal treatment of shareholders as the primary objective. The Company currently has a total of 26,498,640 shares issued. The Company does not hold any own shares prior to the Offering. Advokatfirmaet BAHR AS is acting as the Company's legal advisor. IMPORTANT NOTICE The Offering will be carried out in accordance with applicable laws and regulations and information pertaining to the Offering will be disclosed by way of stock exchange notices. The information contained herein about the Offering is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act. This stock exchange release was published by Cathrine Torgersen at the time and date as set out above. Shareholders considering to tender their shares in the Offering are advised to consult with their own tax advisers with respect to the tax position in their country of residence or other jurisdictions to which they may have a tax liability as a result of a sale of shares in the Offering. The Offering and the distribution of this announcement and other information in connection with the Offering may be restricted by law in certain jurisdictions (including, but not limited to, the United States, Canada, Australia and Japan). Neither the Company nor the bookrunner in the Offering assume any responsibility in the event there is a violation by any person of such restrictions. This includes shareholders who have changed their domicile to such jurisdictions but which may access their VPS accounts. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The Offering is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful, require registration or other measures. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States or any such jurisdiction and so doing may invalidate any purported acceptance. Contact:Cathrine Torgersen, Chief Corporate Affairs OfficerPhone: +47 915 28 501Email: This information was brought to you by Cision View original content:
Yahoo
6 days ago
- Business
- Yahoo
Toro Corp. Commences Self Tender Offer to Purchase up to 4,500,000 Shares
LIMASSOL, Cyprus, July 10, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) ('Toro', or the 'Company'), a global energy transportation services provider, today announced that it is commencing a tender offer to purchase up to 4,500,000 shares, using funds available from cash and cash equivalents on hand at a price of $2.75 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on August 7, 2025, unless extended or withdrawn. The Board of Directors determined that it is in the Company's best interest to repurchase shares at this time given the Company's cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders. Toro has retained Broadridge Corporate Issuer Solutions LLC as the depositary for the tender offer and Georgeson LLC as the information agent. Copies of the Offer to Purchase, the related Letter of Transmittal and the Notice of Guaranteed Delivery are being mailed to the Company's shareholders. Additional copies of the Offer to Purchase, the related Letter of Transmittal or the Notice of Guaranteed Delivery may be obtained at the Company's expense from the information agent at (855) 733-5180 (toll free). Questions regarding the tender offer should be directed to the information agent at (855) 733-5180 (toll free). Parties outside the U.S. can reach the information agent at +1 478-207-6120. Certain Information Regarding the Tender Offer The information in this press release describing Toro's tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Toro's common stock in the tender offer. The tender offer is being made only pursuant to the Offer to Purchase and the related materials that Toro is distributing to its shareholders, as they may be amended or supplemented. Shareholders should read such Offer to Purchase and related materials carefully and in their entirety because they contain important information, including the various terms and conditions of the tender offer. Shareholders of Toro may obtain a free copy of the Tender Offer Statement on Schedule TO, the Offer to Purchase and other documents that Toro is filing with the Securities and Exchange Commission from the Securities and Exchange Commission's website at Shareholders may also obtain a copy of these documents, without charge, from the information agent for the tender offer, toll free at (855) 733-5180. Shareholders are urged to carefully read all of these materials prior to making any decision with respect to the tender offer. Shareholders and investors who have questions or need assistance may call the information agent for the tender offer, toll free at (855) 733-5180. Parties outside the U.S. can reach the information agent at +1 478-207-6120. About Toro Corp. Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. The Company's fleet comprises four LPG carriers, including M/T Dream Syrax that the company agreed to sell on July 10, 2025, and one MR tanker acquisition agreement for which was announced on June 11, 2025, that transport petrochemical gases and refined petroleum products worldwide. Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol 'TORO'. For more information, please visit the Company's website at Information on our website does not constitute a part of this press release. Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words 'believe', 'anticipate', 'intend', 'estimate', 'forecast', 'project', 'plan', 'potential', 'will', 'may', 'should', 'expect', 'pending' and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, uncertainties related to the Company's and its counterparty's ability to consummate the transactions discussed herein, as well as those factors discussed under 'Risk Factors' in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC's website at Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. CONTACT DETAILS For further information please contact: Investor RelationsToro Corp. Email: ir@
