Latest news with #sharepurchase
Gulf Business
22-07-2025
- Business
- Gulf Business
Al-Futtaim to acquire 49.95% stake in Saudi's Cenomi Retail in SAR2.5bn deal
Image: Cenomi Retail Cenomi Retail, one of Saudi Arabia's largest retail brand partners, said on Monday that its founding shareholders have signed a share purchase agreement with UAE-based The transaction will see Al-Futtaim purchase shares priced at SAR44 each from selling shareholders Fawaz Abdulaziz Alhokair, Abdul Majeed Abdulaziz Alhokair, Salman Abdulaziz Alhokair, Saudi FAS Holding Company, and FAS Real Estate Company. As part of the agreement, Cenomi Retail and Al-Futtaim are negotiating a shareholder loan agreement under which Al-Futtaim will provide no less than SAR1.3bn in funding upon transaction completion. The loan aims to bolster Cenomi Retail's balance sheet and support its next phase of growth. Entry into the loan agreement is a condition for the completion of the private transaction. 'This transaction marks a transformative milestone for Cenomi Retail and our shareholders,' said Fawaz Abdulaziz Alhokair, one of the selling shareholders. 'By deleveraging our balance sheet and establishing a stronger financial foundation, we are reinforcing long-term partnerships and positioning the company for sustainable growth.' Al-Futtaim's investment represents one of the most significant UAE private sector transactions in the kingdom to date and is aligned with Saudi Arabia's Vision 2030, which aims to diversify the economy and attract foreign capital. Investment in Cenomi Retail shows confidence in Saudi's economy, says Al-Futtaim CEO Al-Futtaim, which operates across automotive, financial services, real estate, retail, and healthcare in the Middle East, Asia, and Africa, brings significant operational scale and retail expertise. Its retail portfolio includes exclusive operations of Inditex brands such as Zara, Massimo Dutti, and Bershka across Asia and the Middle East, including Saudi Arabia, the UAE, Egypt, Malaysia, Thailand, and Singapore. The partnership is expected to enhance Cenomi Retail's operational capabilities, expand its brand portfolio, and support digital transformation initiatives. 'This announcement demonstrates that Cenomi Retail is firmly on the right strategic path,' said Salim Fakhouri, CEO of Cenomi Retail. 'Having Al-Futtaim as a strategic investor enables us to capitalize on their proven capabilities and further solidify our leadership in the retail sector,' he added. The transaction remains subject to customary regulatory approvals, including clearance from Saudi Arabia's General Authority for Competition, and other contractual closing conditions. Lazard acted as the exclusive financial advisor to Cenomi Retail, while J.P. Morgan served as exclusive advisor to Al-Futtaim.
Reuters
01-07-2025
- Business
- Reuters
Billionaire H&M founding family speeds up share purchases
LONDON/STOCKHOLM, July 1 (Reuters) - The billionaire Persson family has picked up the pace of share purchases in the H&M ( opens new tab fashion empire it founded, regulatory filings showed on Tuesday, potentially boosting speculation the company may eventually be taken private. The family's Ramsbury Invest holding company, primarily owned by Sweden's richest man Stefan Persson, bought 42.75 million H&M shares in the first half of this year, according to the Swedish financial regulator, with the most recent transaction on Monday. That is a faster pace so far than in 2024, opens new tab, when Ramsbury Invest purchased 56.85 million shares over the year as a whole, and in 2023, when the family bought 55.65 million shares. "As the family owns more shares they have a higher dividend to reinvest which would support increased share purchases," said Deutsche Bank analyst Adam Cochrane, who expects the family to take H&M private by 2030. The Persson family and its related companies owned more than 64% of H&M's shares at the end of May, according to the company's website. H&M referred Reuters' questions about the share purchases to a spokesperson for Ramsbury Invest, who declined to comment on the stake-building or on the possibility of the company being taken private. "I think they will, in due time, take it private - the question is, is it now, or in ten or 20 years?" said Peter Magnusson, portfolio manager at Cicero Fonder in Stockholm. The family would likely need to find external financing or partners to buy the whole company, Magnusson added. H&M's market value is around 187 billion Swedish crowns ($19.7 billion). Investment bankers expect more publicly-listed retailers to go private, since U.S. President Donald Trump's tariffs have dented share prices and driven market volatility. H&M's share price is down 9% since the start of this year. H&M was founded by Erling Persson in 1947, and his son Stefan took over as CEO in 1982, staying in the role for 27 years before handing over to his son Karl-Johan Persson in 2009. In 2020, H&M got its first chief executive from outside the family, with Karl-Johan becoming chair. ($1 = 9.4806 Swedish crowns)
Yahoo
01-07-2025
- Business
- Yahoo
Swiss Water Announces Purchase of Warrants from Mill Road Capital
VANCOUVER, British Columbia, June 30, 2025 (GLOBE NEWSWIRE) -- Swiss Water Decaffeinated Coffee Inc. (TSX:SWP) ('Swiss Water' or the 'Company') is pleased to announce it has entered into an agreement with Mill Road Capital II, L.P. ('Mill Road') to purchase from Mill Road the outstanding share purchase warrant entitling Mill Road to acquire up to 2,250,000 common shares of Swiss Water. The share purchase warrant has an exercise price of $3.33 per share and expires on April 30, 2026. The purchase price for the share purchase warrant is $675,000. Completion of the purchase is anticipated to be July 3, 2025. 'The cancellation of the Warrants removes an overhang on the share price trading and will permit the shares to trade without this influence going forward. We believe that shareholders will also benefit from the clarity being provided on the share ownership and wide distribution of the Company's shares. Swiss Water appreciates the constructive approach that Mill Road Capital has taken to these discussions to achieve an outcome that the Board believes is in the best interests of shareholders,' said Mr. Frank Dennis, President and CEO of Swiss Water. Company Profile: Swiss Water Decaffeinated Coffee Inc. is a leading specialty coffee company and a premium green coffee decaffeinator that employs the proprietary Swiss Water® Process to decaffeinate green coffee without the use of chemical solvents such as methylene chloride. It also owns Seaforth Supply Chain Solutions Inc., a green coffee handling and storage business. Both businesses are located in Delta, British Columbia, Canada. For more information, please contact: Iain Carswell, Chief Financial OfficerSwiss Water Decaffeinated Coffee 1-604-420-4050Email: investor-relations@ Forward-Looking Statements: Certain statements in this press release may constitute 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements may include such words as 'may', 'will', 'expect', 'believe', 'plan', 'anticipate' and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance, as well as management's current estimates, which are based on numerous assumptions and may prove to be incorrect. These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties, including, but not limited to, risks related to processing volumes and sales growth, operating results, the supply of utilities, the supply of coffee and packaging materials, supply of labour force, general industry conditions, commodity price risks, technology, competition, foreign exchange rates, construction timing, costs and financing of capital projects, a potential impact of any pandemics, global and local climate changes, changes in interest rates, inflation, transportation availability, and general economic conditions. The forward-looking statements and financial outlook information contained herein are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Except to the extent required by applicable securities law, Swiss Water undertakes no obligation to publicly update or revise any such statements to reflect any change in management's expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those described.
Yahoo
01-07-2025
- Business
- Yahoo
Swiss Water Announces Purchase of Warrants from Mill Road Capital
VANCOUVER, British Columbia, June 30, 2025 (GLOBE NEWSWIRE) -- Swiss Water Decaffeinated Coffee Inc. (TSX:SWP) ('Swiss Water' or the 'Company') is pleased to announce it has entered into an agreement with Mill Road Capital II, L.P. ('Mill Road') to purchase from Mill Road the outstanding share purchase warrant entitling Mill Road to acquire up to 2,250,000 common shares of Swiss Water. The share purchase warrant has an exercise price of $3.33 per share and expires on April 30, 2026. The purchase price for the share purchase warrant is $675,000. Completion of the purchase is anticipated to be July 3, 2025. 'The cancellation of the Warrants removes an overhang on the share price trading and will permit the shares to trade without this influence going forward. We believe that shareholders will also benefit from the clarity being provided on the share ownership and wide distribution of the Company's shares. Swiss Water appreciates the constructive approach that Mill Road Capital has taken to these discussions to achieve an outcome that the Board believes is in the best interests of shareholders,' said Mr. Frank Dennis, President and CEO of Swiss Water. Company Profile: Swiss Water Decaffeinated Coffee Inc. is a leading specialty coffee company and a premium green coffee decaffeinator that employs the proprietary Swiss Water® Process to decaffeinate green coffee without the use of chemical solvents such as methylene chloride. It also owns Seaforth Supply Chain Solutions Inc., a green coffee handling and storage business. Both businesses are located in Delta, British Columbia, Canada. For more information, please contact: Iain Carswell, Chief Financial OfficerSwiss Water Decaffeinated Coffee 1-604-420-4050Email: investor-relations@ Forward-Looking Statements: Certain statements in this press release may constitute 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements may include such words as 'may', 'will', 'expect', 'believe', 'plan', 'anticipate' and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance, as well as management's current estimates, which are based on numerous assumptions and may prove to be incorrect. These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties, including, but not limited to, risks related to processing volumes and sales growth, operating results, the supply of utilities, the supply of coffee and packaging materials, supply of labour force, general industry conditions, commodity price risks, technology, competition, foreign exchange rates, construction timing, costs and financing of capital projects, a potential impact of any pandemics, global and local climate changes, changes in interest rates, inflation, transportation availability, and general economic conditions. The forward-looking statements and financial outlook information contained herein are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Except to the extent required by applicable securities law, Swiss Water undertakes no obligation to publicly update or revise any such statements to reflect any change in management's expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those 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
17-06-2025
- Business
- Yahoo
ALUULA Announces Warrant Extension and Repricing
Victoria, British Columbia--(Newsfile Corp. - June 17, 2025) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") announces that it intends to amend the expiry date and exercise price of 1,224,498 outstanding share purchase warrants (the "Warrants") that were granted pursuant to a private placement of units on July 12, 2023. At the time of issuance, each Warrant entitled the holder to acquire one common share of the Company at a price of $0.25 per share, exercisable until July 12, 2025. Following the Company's 20:1 share consolidation completed on March 12, 2025, the Warrants were adjusted in accordance with the terms of the warrant indenture such that 20 Warrants are now exercisable for one common share at a price of $5.00 per share. The Company proposes to amend the Warrants as follows: Extend the expiry date for one year from July 12, 2025 to July 12, 2026; and Reprice the Warrants such that 20 Warrants will entitle the holder to acquire one common share at a price of $0.81 per share. In accordance with the policies of the TSX Venture Exchange ( the "TSXV"), the amended Warrants will be subject to an accelerated expiry clause (the "Acceleration Provision"). Under the Acceleration Provision, if the closing price of the Company's common shares is $0.97 or higher for 10 consecutive trading days (the "Premium Trading Period"), the exercise period of the Warrants will be reduced to 30 calendar days. The 30-day accelerated expiry period will begin seven calendar days after the end of the Premium Trading Period. Any Warrants not exercised before the end of this 30-day period will expire and be void. All other terms of the Warrants will remain unchanged. The proposed amendments are subject to the approval of the TSXV and a resolution approved by 2/3 of the Warrant holders. The Company also announces it has granted an aggregate of 299,888 stock options to certain directors and officers of the Company, with each option exercisable into one common share at a price of $0.65 per share until June 12, 2030. Other directors and officers of the Company have voluntarily cancelled 575,833 stock options. About ALUULA Composites ALUULA is an ultra-light, high performance and recycle-ready composite materials brand that enhances the performance of outdoor gear. Proudly owned and manufactured on the Canadian west coast, ALUULA's innovation is driven by a deep understanding that equipment does not need to sacrifice performance for sustainability. ALUULA's materials are known for their unique construction capabilities and their ability to make products lighter, stronger, and more sustainable. | TSXV: AUUA On behalf of the Board of Directors,Sage BerrymanChief Executive Officer1-888-724-2470 For ALUULA investor inquiries, please contact: 1-888-724-2470, ext. 4 IR@ For ALUULA media relations, please contact: media@ TSX Venture Exchange Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements The information in this news release includes certain information and statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements, including, but not limited to: the TSXV's approval of the Warrant amendments; and the approval of the warrant amendments by warrant holders. These statements are based on assumptions subject to significant risks and uncertainties as described in the Company's management discussion and analysis. Because of these risks and uncertainties and as a result of a variety of factors, including the timing and receipt of all applicable regulatory, corporate third-party approvals, the actual results, expectations, achievements, or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. To view the source version of this press release, please visit
