ABB

ABB Ltd: ABB plans to launch new share buyback of up to $1 billion following completion of 2023–2024 program

Retrieved on: 
Wednesday, April 10, 2024
Automation, Share repurchase, SIX Swiss Exchange, Software, Annual general meeting, Treasury, ABB, Engineering, Cryptocurrency

Through this buyback program, ABB repurchased a total of 21,387,687 shares – equivalent to 1.09 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.83 billion over the past 12 months.

Key Points: 
  • Through this buyback program, ABB repurchased a total of 21,387,687 shares – equivalent to 1.09 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.83 billion over the past 12 months.
  • ABB’s Board of Directors intends to use the capital band approved at the 2023 Annual General Meeting to cancel all shares repurchased under the 2023–2024 share buyback program.
  • Consistent with ABB’s capital allocation principles, the Board of Directors today approved a new share buyback program for capital reduction purposes of up to $1 billion.
  • ABB intends to also use the capital band for the cancellation of the shares repurchased under this new program.

ABB Ltd: ABB launches new share buyback program of up to $1 billion

Retrieved on: 
Wednesday, April 10, 2024
Automation, Derivative, Share repurchase, SIX Swiss Exchange, Software, Annual general meeting, Treasury, ABB, Engineering

On April 1, 2024, ABB will launch its previously announced new share buyback program of up to $1 billion.

Key Points: 
  • On April 1, 2024, ABB will launch its previously announced new share buyback program of up to $1 billion.
  • Since July 2020, ABB has repurchased about 308 million shares for capital reduction purposes for a total amount of approximately $9.4 billion.
  • This includes 21,387,687 shares that were repurchased under the 2023–2024 share buyback program and are expected to be cancelled in Q2 2024.
  • The new share buyback program will be managed by a bank mandated by ABB that, based on trading parameters received from ABB, will make its trading decisions concerning the timing of share repurchases independently of ABB.

ABB Ltd: Tarak Mehta to leave ABB

Retrieved on: 
Wednesday, April 10, 2024
Tarak, Automation, Central business district, Software, Engineering, ABB, Executive Committee, Management

ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company.

Key Points: 
  • ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company.
  • Tarak will leave ABB at the end of July this year.
  • Tarak joined ABB in 1998 and has since then held a number of positions of increasing responsibility in the United States, Sweden and Switzerland.
  • I wish the ABB team a continued bright future,” said Tarak Mehta.

ABB Ltd: ABB weekly share buybacks - March 14, 2024 - March 20, 2024

Retrieved on: 
Wednesday, April 10, 2024
MAR, Share repurchase, SIX Swiss Exchange, ABB

All share purchases above have been carried out on a separate trading line on the SIX Swiss Exchange by a bank, on behalf of ABB.

Key Points: 
  • All share purchases above have been carried out on a separate trading line on the SIX Swiss Exchange by a bank, on behalf of ABB.
  • A full breakdown of the transactions pursuant to article 5.3 of MAR and
    article 2.3 of the Safe Harbour Regulation is attached to this announcement.
  • The bank makes its trading decisions concerning the timing of share repurchases independently of ABB, within some defined parameters.
  • The total number of ABB Ltd shares which have been bought back within the current share buyback program from April 3, 2023, to and including March 20, 2024, is 21,387,687 shares.

ABB Ltd: ABB share buybacks - March 7, 2024 - March 13, 2024

Retrieved on: 
Wednesday, April 10, 2024
MAR, Share repurchase, SIX Swiss Exchange, ABB

All share purchases above have been carried out on a separate trading line on the SIX Swiss Exchange by a bank, on behalf of ABB.

Key Points: 
  • All share purchases above have been carried out on a separate trading line on the SIX Swiss Exchange by a bank, on behalf of ABB.
  • A full breakdown of the transactions pursuant to article 5.3 of MAR and
    article 2.3 of the Safe Harbour Regulation is attached to this announcement.
  • The bank makes its trading decisions concerning the timing of share repurchases independently of ABB, within some defined parameters.
  • The total number of ABB Ltd shares which have been bought back within the current share buyback program from April 3, 2023, to and including March 13, 2024, is 20,992,276 shares.

ABB Ltd: ABB shareholders approve all proposals at 2024 Annual General Meeting

Retrieved on: 
Wednesday, April 10, 2024
Automation, Annual, Proxy, Executive Committee, Software, Bank statement, Annual general meeting, ABB, CHF, Engineering, Person, Holding company

ABB shareholders have approved all the proposals of the company’s Board of Directors at its 2024 Annual General Meeting, which was held in Zurich, Switzerland, today.

Key Points: 
  • ABB shareholders have approved all the proposals of the company’s Board of Directors at its 2024 Annual General Meeting, which was held in Zurich, Switzerland, today.
  • A total of 623 shareholders attended the meeting who, together with the independent proxy, represented 57.7 percent of the total share capital with a right to vote.
  • The shareholders also approved the management report, the consolidated financial statements and the annual financial statements for 2023.
  • Furthermore, the shareholders granted discharge to the Board of Directors and the persons entrusted with management for the financial year 2023.

EQS-News: Axel Stepken to succeed Jens Riedl on the Supervisory Board of GEA Group AG

Retrieved on: 
Wednesday, April 10, 2024
Annual, Supervisory board, GEA Group, Supervision, RWTH Aachen University, Groupe Bruxelles Lambert, Annual general meeting, ABB, GBL, Institute of technology, Property management

Axel Stepken, CEO of TÜV SÜD Stiftung, will stand for election by shareholders as a new member of the Supervisory Board of GEA Group Aktiengesellschaft at the Annual General Meeting on April 30, 2024.

Key Points: 
  • Axel Stepken, CEO of TÜV SÜD Stiftung, will stand for election by shareholders as a new member of the Supervisory Board of GEA Group Aktiengesellschaft at the Annual General Meeting on April 30, 2024.
  • In the event of his election, the Supervisory Board has appointed him as a member of the Supervisory Board’s Presiding and Sustainability Committee.
  • We are very much looking forward to working together,” said Professor Dieter Kempf, Chairman of the Supervisory Board of GEA Group AG.
  • “The Supervisory Board wishes Jens Riedl all the best for the future and thanks him for his extraordinary commitment and outstanding cooperation on the board and its committees.”

ABB Ltd: ABB share buybacks - April 2, 2024 - April 3, 2024

Retrieved on: 
Wednesday, April 10, 2024
MAR, Share repurchase, SIX Swiss Exchange, ABB

All share purchases above have been carried out on a separate trading line on the SIX Swiss Exchange by a bank, on behalf of ABB.

Key Points: 
  • All share purchases above have been carried out on a separate trading line on the SIX Swiss Exchange by a bank, on behalf of ABB.
  • A full breakdown of the transactions pursuant to article 5.3 of MAR and
    article 2.3 of the Safe Harbour Regulation is attached to this announcement.
  • The bank makes its trading decisions concerning the timing of share repurchases independently of ABB, within some defined parameters.
  • The total number of ABB Ltd shares which have been bought back within the current share buyback program from April 2, 2024, to and including April 3, 2024, is 178,629 shares.

e2Companies Identifies Global Power Leader Cummins Inc. as Strategic Supplier for the R3Di® System

Retrieved on: 
Thursday, April 4, 2024
Lithium, Lithium iron phosphate, ABB, Distributed generation, Renewable energy

This agreement provides e2Companies access to Cummins Inc. industry-leading generator sets that deliver exceptional power with high electrical efficiency.

Key Points: 
  • This agreement provides e2Companies access to Cummins Inc. industry-leading generator sets that deliver exceptional power with high electrical efficiency.
  • “We continue to expand our supplier network with one goal in mind: top-notch performance,” said James Richmond, CEO and President at e2Companies.
  • “Our agreement with Cummins Inc. reflects this commitment since they have set the benchmark for reliability with power generation.
  • Cummins Inc. joins an expanding supplier network for e2Companies that includes Nuvation Energy, EPC Power, MSI Tec, and ABB Ltd.

GDS Appoints Jamie Khoo As CEO of GDS International

Retrieved on: 
Tuesday, March 26, 2024
Accounting, SVP, GDS, Operational excellence, Ernst & Young, ABB, Series, ST Telemedia

SHANGHAI, China, March 26, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS”, “GDSH” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced the appointment of Ms. Jamie Khoo, currently the Chief Operating Officer (“COO”) of GDS, as the Chief Executive Officer (“CEO”) of DigitalLand Holdings Limited (“GDS International” or “GDSI”), the holding company for GDS’s international data center assets and operations.

Key Points: 
  • SHANGHAI, China, March 26, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS”, “GDSH” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced the appointment of Ms. Jamie Khoo, currently the Chief Operating Officer (“COO”) of GDS, as the Chief Executive Officer (“CEO”) of DigitalLand Holdings Limited (“GDS International” or “GDSI”), the holding company for GDS’s international data center assets and operations.
  • The appointment is effective at the closing of the Series A capital raise of GDS International which has been announced today.
  • “We are delighted to announce Jamie’s appointment as the CEO of GDS International,” commented Mr. William Huang, Chairman and CEO of GDS.
  • With her leadership, I am confident that GDS International will continue its successful development in international markets.