Share repurchase

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, November 27, 2023
Share repurchase, EUR, STMicroelectronics, Treasury, LEI, Electronics, Disclosure, Security (finance)

AMSTERDAM – November 27, 2023 -- 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 Nov 20, 2023 to Nov 24, 2023
    AMSTERDAM – November 27, 2023 -- 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.

Futu Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 23, 2023
ADS, Marketing, Conference, Research, Magnificent, Acquisition, Ageing, ETF, Darts, Futu, RSVP, Traction, Share repurchase, IPO, American depositary receipt, Video game

HONG KONG, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • HONG KONG, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Daily average client assets were HK$480.6 billion in the third quarter of 2023, an increase of 15.4% from the same period in 2022.
  • Daily average revenue trades (DARTs)4 in the third quarter of 2023 declined 7.2% year-over-year to 416,005.
  • Net income margin for the third quarter of 2023 expanded to 41.2% from 38.8% in the year-ago quarter, primarily due to strong topline growth and lower selling and marketing expenses.

Sunlands Technology Group Announces Unaudited Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 22, 2023
Mentorship, Marketing, Capital expenditure, PIN, Student, Translation, RMB, STG, H.10, Share repurchase, Investment, Information technology, Development, Environment, Video game

BEIJING, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • BEIJING, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Net income margin1 was 25.1% in the third quarter of 2023, compared to 29.2% in the third quarter of 2022.
  • Mr. Hangyu Li, Financial Controller of Sunlands, commented, “last quarter was another excellent quarter in operations.
  • Capital expenditures were RMB1.4 million (US$0.2 million) in the third quarter of 2023, as compared to RMB1.3 million in the third quarter of 2022.

Tremor International Reports Results for the Three and Nine Months Ended September 30, 2023

Retrieved on: 
Wednesday, November 22, 2023
Smart TV, Marketing, DSP, Meredith Corporation, Uncertainty, ADR, Traction, Fox, PMP, AGM, Amazon, Contribution, Growth, Alpha (finance), TelevisaUnivision, Tremor International, Ecosystem, Travel, Lumen, ACR, Tremor, Advertising, A&E Networks, CTV, London Stock Exchange, Environment, Partnership, Liquidity, Acquisition, T-Mobile US, Connected, Share repurchase, CPG, Video game

NEW YORK, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Tremor International Ltd. (AIM/NASDAQ: TRMR) (“Tremor” or the “Company”), a global leader in data-driven video and Connected TV (“CTV”) advertising technology, offering a unified platform that enables advertisers to optimize campaigns and media companies to maximize inventory yield, announced today its financial and operating results for the three and nine months ended September 30, 2023. The Company’s financial results for the three and nine months ended September 30, 2023, reflect the combined performance of Tremor International and Amobee, while comparative figures for the three and nine months ended September 30, 2022 include Amobee contribution from September 12, 2022 through September 30, 2022.

Key Points: 
  • The Company’s financial results for the three and nine months ended September 30, 2023, reflect the combined performance of Tremor International and Amobee, while comparative figures for the three and nine months ended September 30, 2022 include Amobee contribution from September 12, 2022 through September 30, 2022.
  • The Company generated CTV revenue of $65.6 million for the nine months ended September 30, 2023, reflecting a 2% increase compared to $64.1 million for the nine months ended September 30, 2022.
  • The Company added 223 new actively-spending first-time advertiser customers for the nine months ended September 30, 2023.
  • Financial Highlights for the Three and Nine Months Ended September 30, 2023 ($ in millions, except per share amounts)

Stellantis Repurchases €934 Million in Shares from Dongfeng, in Accordance with Pre-Existing Share Repurchase Framework

Retrieved on: 
Wednesday, November 22, 2023
Share repurchase, Dongfeng Motor Group, Dongfeng Motor Corporation, Automotive industry

Stellantis Repurchases €934 Million in Shares from Dongfeng, in Accordance with Pre-Existing Share Repurchase Framework

Key Points: 
  • Stellantis Repurchases €934 Million in Shares from Dongfeng, in Accordance with Pre-Existing Share Repurchase Framework
    AMSTERDAM, November 22, 2023 - Stellantis N.V. (“Stellantis”) and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited (“Dongfeng”), confirm they have executed a transaction in which Stellantis will repurchase 50 million common shares (1.58% of Stellantis’ share capital pre-cancellation) from Dongfeng, for a total consideration of €934 million.
  • Dongfeng will retain 49.2 million common shares, representing 1.58% of Stellantis’ share capital post-cancellation, and the share repurchase framework agreed between the two parties remains in place with respect to such shares.
  • The purchase of Stellantis common shares by Stellantis from Dongfeng was carried out under the authority granted by Stellantis’ general meeting of April 13, 2023.
  • The share repurchase transaction with Dongfeng will not impact Stellantis’ €1.5 billion open-market share repurchase program announced February 22, 2023, which is expected to complete by the end of 2023.

Norsk Hydro: Status share buyback program

Retrieved on: 
Wednesday, November 22, 2023
Disclosure, Security (finance), Norsk Hydro, ASA, Share repurchase

Prior to the share buyback program Norsk Hydro ASA owned a total of 15 096 878 own shares.

Key Points: 
  • Prior to the share buyback program Norsk Hydro ASA owned a total of 15 096 878 own shares.
  • Following the above listed transactions, Norsk Hydro ASA owns a total of 24 823 495 shares, corresponding to 1.22% of Norsk Hydro ASA's share capital.
  • Attachment: An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.
  • This is information that Norsk Hydro ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

STEALTHGAS INC. Reports Third Quarter and Nine Months 2023 Financial and Operating Results

Retrieved on: 
Tuesday, November 21, 2023
Invictus, Conference, Interest, EPS, Sale, PIN, Depreciation, Conference call, Net income, LPG, Dry dock, Share repurchase, Webcast, GAAP, JV, Cryptocurrency

Voyage expenses and vessels’ operating expenses for the three months ended September 30, 2023 were $2.4 million and $12.3 million, respectively, compared to $6.8 million and $14.1 million, respectively, for the three months ended September 30, 2022.

Key Points: 
  • Voyage expenses and vessels’ operating expenses for the three months ended September 30, 2023 were $2.4 million and $12.3 million, respectively, compared to $6.8 million and $14.1 million, respectively, for the three months ended September 30, 2022.
  • Drydocking costs for the three months ended September 30, 2023 and 2022 were $0.1 million and $1.8 million, respectively.
  • Management fees for the three months ended September 30, 2023 and 2022 were $1.1 million and $1.3 million, respectively.
  • General and administrative expenses for the three months ended September 30, 2023 and 2022 were $1.7 million and $0.8 million, respectively.

Agora, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 21, 2023
Cloud, ADS, Marketing, Table, INCITS, Software, Loss, Peking University, CEC, University, IEEE, GAAP, Income tax, Depreciation, Shawn, API, International Organization for Standardization, International Organization (journal), Total, AI, RTE, ISO, IPO, Prospectus, Broadcom Inc., MPEG, Learning, Rate, Acquisition, Doctor of Philosophy, Research, Bank statement, Mathematics, COVID-19, Share repurchase, Investment, Growth, Security (finance), Video game

Net loss for the quarter was $22.5 million, compared to net loss of $27.7 million in the third quarter of 2022.

Key Points: 
  • Net loss for the quarter was $22.5 million, compared to net loss of $27.7 million in the third quarter of 2022.
  • Adjusted EBITDA for the quarter was negative $4.4 million, compared to negative $16.4 million in the third quarter of 2022.
  • Total cash, cash equivalents, bank deposits and financial products issued by banks as of September 30, 2023 was $373.4 million.
  • The Company uses these non-GAAP financial measures internally in analyzing its financial results and believe that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing its financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

Gamer Pakistan Announces Share Repurchase Program

Retrieved on: 
Tuesday, November 21, 2023
Regulation, Share repurchase, Regulation Fair Disclosure, Disclosure, News, Growth, GP, Security (finance)

HENDERSON, Nev. and NOWSHERA, Pakistan, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Gamer Pakistan Inc. (NASDAQ: GPAK) (“GP”), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced that its Board of Directors has approved a share repurchase program, with authorization to purchase from time to time at the direction of the Board, up to $1.0 million of its common stock.

Key Points: 
  • HENDERSON, Nev. and NOWSHERA, Pakistan, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Gamer Pakistan Inc. (NASDAQ: GPAK) (“GP”), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced that its Board of Directors has approved a share repurchase program, with authorization to purchase from time to time at the direction of the Board, up to $1.0 million of its common stock.
  • “We are committed to driving long-term value for our stockholders and in strategically deploying GP’s resources and capital,” said Gamer Pakistan CEO James Knopf.
  • “We are confident in our market opportunity and given the strength of our balance sheet the share repurchase program is an investment in our long-term growth.
  • The share buyback program may be suspended or discontinued at any time and does not obligate the company to acquire any amount of common stock.

Burlington Stores, Inc. Reports Third Quarter 2023 Earnings

Retrieved on: 
Tuesday, November 21, 2023
Capital expenditure, Bed Bath & Beyond, BURL, Q4, Acquisition, Note, Fiscal, Term loan, Depreciation, Uncertainty, Total, ABL, Debt-to-GDP ratio, Weather, Share repurchase, Growth, Capital, GAAP, Bed, EPS, Video game

Based on these growth rates, we would expect to be able to achieve about 50 basis points of adjusted EBIT margin expansion vs. 2023.

Key Points: 
  • Based on these growth rates, we would expect to be able to achieve about 50 basis points of adjusted EBIT margin expansion vs. 2023.
  • Diluted weighted average shares outstanding amounted to 64.8 million during the quarter compared with 65.5 million during the third quarter of Fiscal 2022.
  • Reserve inventory was 30% of total inventory at the end of the third quarter of Fiscal 2023 compared to 31% at the end of the third quarter of Fiscal 2022.
  • During the third quarter of Fiscal 2023 the Company repurchased 348,948 shares of its common stock under its share repurchase program for $52 million.