Share repurchase

Genco Shipping & Trading Limited Mails Letter to Shareholders

Retrieved on: 
Wednesday, April 24, 2024
Sale, NOT, Interview, Investment, Annual general meeting, Record, Agenda, Transport, Proxy, Human, Attention, TSR, Oikonomou, Pons, GNK, Share repurchase, ALL, Letter, Ship, Growth, Management

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024, will be entitled to vote at the meeting.

Key Points: 
  • Genco’s Board of Directors and management team are executing a clear strategy that is delivering value to shareholders today, positioning Genco to drive returns through volatile drybulk market cycles and generating outperforming results.
  • From this process, the Board determined that Ms. Das was the right director to add to the Genco Board.
  • The Genco Board of Directors unanimously recommends that Genco shareholders vote “FOR” the re-election of each of Genco’s seven nominees currently serving on the Genco Board, “WITHHOLD” on Economou's nominee and “AGAINST” Economou’s shareholder proposal on the WHITE proxy card.
  • We appreciate the support of ALL Genco shareholders, as we continue delivering on our Comprehensive Value Strategy to drive long-term sustainable value.

Norsk Hydro: Resilient in weak markets, positioned for growth

Retrieved on: 
Wednesday, April 24, 2024
USD, Annual, Capital market, Investment, Weather, Safety, Risk, Statkraft, Natural gas, Rationalization, ESA, OEM, Professional, Lifting, Carbon, Hydrology, PAX, EV, Alpiq, Pressure, LNG, NOK, Macquarie Group, LME, CO2, Share repurchase, TRI, Recycling, Growth, Renewable energy

Hydro is well positioned to capitalize on strengthening demand for aluminium products,” says President and CEO, Hilde Merete Aasheim.

Key Points: 
  • Hydro is well positioned to capitalize on strengthening demand for aluminium products,” says President and CEO, Hilde Merete Aasheim.
  • Despite continued growth in EV and hybrid demand, projections were tempered due to subsidy cuts in Germany and heightened competition from China.
  • Hydro continues to safeguard recycling margins and secure scrap in the short term, while securing long-term growth through expanding scrap sourcing and utilization.
  • These initiatives reinforce Hydro's market presence within recycling, fostering growth and resilience in alignment with the 2030 recycling targets.

Veritex Holdings, Inc. Reports First Quarter 2024 Operating Results

Retrieved on: 
Tuesday, April 23, 2024
Sale, LHI, Total, Central Time, Investment, FHLB, AFS, PIN, Federal Home Loan Banks, Share repurchase, Tangibility, ACL, Webcast, Three Months, Acquisition, FDIC, Government, GAAP, Thrive, Bank

Compared to the three months ended March 31, 2023, noninterest income for the three months ended March 31, 2024 decreased by $6.9 million, or 50.8%.

Key Points: 
  • Compared to the three months ended March 31, 2023, noninterest income for the three months ended March 31, 2024 decreased by $6.9 million, or 50.8%.
  • The dividend will be paid on or after May 24, 2024 to stockholders of record as of the close of business on May 10, 2024.
  • Specifically, Veritex reviews and reports tangible book value per common share; operating earnings; tangible common equity to tangible assets; return on average tangible common equity; pre-tax, pre-provision operating earnings; pre-tax, pre-provision operating return on average assets; pre-tax, pre-provision operating return on average loans; diluted operating earnings per share; operating return on average assets; operating return on average tangible common equity; and operating efficiency ratio.
  • The Company will host an investor conference call and webcast to review the results on Wednesday, April 24, 2024, at 8:30 a.m. Central Time.

Linklogis Starts First Quarter with Strong Performance, with the Transaction Volume Reaching RMB96.2 Billion

Retrieved on: 
Tuesday, April 23, 2024
Cloud, Transfer, Data Trading, Momentum, Infor, Intelligence, Vietnamese, Business, Digital technology, Tourism, PDD, SME, Multi, Blockchain, Research, ABS, Gold, SRM, Dongfeng Motor Corporation, OPPO, Data, Trust, Share repurchase, CITIC Securities, Cryptocurrency

The total transaction volume processed by its technology solutions in the first quarter reached RMB96.2 billion, a year-over-year increase of 45%, reaching a historical high for a single quarter.

Key Points: 
  • The total transaction volume processed by its technology solutions in the first quarter reached RMB96.2 billion, a year-over-year increase of 45%, reaching a historical high for a single quarter.
  • As of April 22, 2024, the cash reserves of Linklogis reached RMB5.2 billion, an increase of RMB400 million compared to December 31, 2023.
  • Transaction Volume Reaches RMB96.2 Billion, with Strong Growth in Core Business Sectors
    In 2024, Linklogis continued to focus on the development of its two core sectors: Anchor Cloud and FI Cloud, while simultaneously pursuing stable growth and high-quality development.
  • In the first quarter, Linklogis cooperated with Dongfeng Motor Corporation and helped it build a supply chain finance service platform, which successfully issued the first digital accounts receivable certificate to suppliers.

Vishay Intertechnology Board of Directors Issues Statement in Response to Open Letter Submitted by Mountaineer Partners Management

Retrieved on: 
Tuesday, April 23, 2024
Share repurchase, Vishay Intertechnology, Suggestion, Mountaineering, VSH

MALVERN, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today issued the following statement from its Board of Directors in response to the press release issued on April 22, 2024 by Mountaineer Partners Management, LLC (“Mountaineer”) in which Mountaineer published its letter to the Board of Directors urging the Board to consider adopting and implementing a $600 million accelerated share repurchase.

Key Points: 
  • MALVERN, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today issued the following statement from its Board of Directors in response to the press release issued on April 22, 2024 by Mountaineer Partners Management, LLC (“Mountaineer”) in which Mountaineer published its letter to the Board of Directors urging the Board to consider adopting and implementing a $600 million accelerated share repurchase.
  • Vishay regularly engages with our stockholders and welcomes constructive input focused on enhancing value.
  • Vishay’s CEO has held numerous discussions with Mountaineer since his appointment to the position on January 1, 2023, and the senior management team met with stockholders most recently at the company’s Investor Day held on April 2, 2024.
  • Vishay’s Board appreciates and is carefully evaluating the suggestion made by Mountaineer along with input from other stockholders to determine the course of action that is in the best interest of the company and all stockholders.

NBT Bancorp Inc. Announces First Quarter 2024 Results

Retrieved on: 
Monday, April 22, 2024
CHIPS, Sale, NBT, FTE, Policy, Travel, Environment, NIM, Micron Technology, Acquisition, Share repurchase, NBT Bank, Advertising, Video game

NORWICH, N.Y., April 22, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three months ended March 31, 2024.

Key Points: 
  • NORWICH, N.Y., April 22, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three months ended March 31, 2024.
  • “NBT reported solid results for the quarter despite the ongoing challenges presented by the interest rate environment.
  • Net charge-offs to total average loans for the first quarter of 2024 was 19 bps compared to 22 bps in the prior quarter.
  • The Company will host a conference call at 10:00 a.m. (Eastern) Tuesday, April 23, 2024, to review the first quarter 2024 financial results.

Mountaineer Partners Delivers Open Letter to the Board of Directors of Vishay Intertechnology, Inc.

Retrieved on: 
Monday, April 22, 2024
Silicon, Thought, Hand, Research, Common stock, Acquisition, EPS, Face, Share repurchase, Autobiography, Growth, Management

NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Mountaineer Partners Management, LLC, which owns over 2 million shares of Common Stock, par value $0.10 per share, of Vishay Intertechnology, Inc. (the “Company”), has issued an open letter to the Company’s board of directors (the “Board”), urging the Board to enhance shareholder value at the Company by adopting and implementing a $600 million accelerated share repurchase.

Key Points: 
  • The full text of the open letter delivered to the Board is below:
    A LETTER TO THE BOARD OF DIRECTORS OF VISHAY INTERTECHNOLOGY, INC.
    To the Board of Directors of Vishay Intertechnology,
    Mountaineer Partners has been a long-term significant holder of Vishay Intertechnology, Inc. (“Vishay” or the “Company”) for more than two years, with ownership of more than 2 million of the Company’s shares outstanding.
  • Given Vishay’s overcapitalized balance sheet, the Board should take advantage of Vishay’s irrationally low valuation by approving and implementing a $600 million accelerated share repurchase.
  • Whatever the reason for the market’s apathy toward Vishay, the Board should immediately capitalize on the opportunity presented to it.
  • For all of these reasons, I urge the Board to support Vishay’s shareholders by adopting and implementing a $600 million accelerated share repurchase.

Amarin Announces Results of Annual General Meeting of Shareholders

Retrieved on: 
Monday, April 22, 2024
Annual, Professional corporation, Share repurchase, AGM, Ernst & Young

DUBLIN, Ireland and BRIDGEWATER, N.J., April 22, 2024 (GLOBE NEWSWIRE) -- Amarin Corporation plc (NASDAQ:AMRN) today announced shareholder approval of all proposed resolutions specified at its 2024 Annual General Meeting (AGM).

Key Points: 
  • DUBLIN, Ireland and BRIDGEWATER, N.J., April 22, 2024 (GLOBE NEWSWIRE) -- Amarin Corporation plc (NASDAQ:AMRN) today announced shareholder approval of all proposed resolutions specified at its 2024 Annual General Meeting (AGM).
  • Importantly, shareholders approved each of the two proposals required for the Company to proceed with its previously announced intent to pursue a share repurchase program of up to $50 million.
  • “We thank our shareholders for their engagement and for taking the time to vote on key matters for the Company,” said Odysseas Kostas, M.D.
  • We look forward to completing the necessary steps to begin share repurchases as soon as possible.”
    Full voting results will be included in an upcoming SEC 8-K filing.

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, April 22, 2024
STMicroelectronics, Electronics, Share repurchase, Disclosure, EUR, Treasury, LEI, Security (finance)

AMSTERDAM – April 22, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares – Period from Apr 15, 2024 to Apr 19, 2024
    AMSTERDAM – April 22, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.

Ferrari N.V.: Periodic Report on the Buyback Program

Retrieved on: 
Monday, April 22, 2024
Fourth, Sell, EXM, Share repurchase, Capital market

Since the announcement of such Fourth Tranche till April 19, 2024, the total invested consideration has been:

Key Points: 
  • Since the announcement of such Fourth Tranche till April 19, 2024, the total invested consideration has been:
    USD 54,391,165.62 (Euro 49,994,518.23*) for No.
  • 140,501 common shares purchased on the NYSE.
  • 13,850,668 common shares equal to 5.39% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.
  • A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section ( https://www.ferrari.com/en-EN/corporate/buyback-programs ).