OSLO: Kurdistan’s Minister of Natural Resources has reduced the payment threshold of the withheld amounts to 20 percent from 50 percent earlier of incremental revenue above USD 50 per barrel. Kurdistan’s Minister of Natural Resources has informed the international oil companies operating in the region of an intention to extend the payment period for arrears…
Shareholder and shareholding
Shareholding in a company means owning shares of the company. A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least one share of a company’s stock, which is known as equity. Because shareholders are essentially owners in a company, they reap the benefits of a business’ success….
Share Buyback or Share Repurchase
A share buyback or share repurchase occurs when a business purchases its own shares and then either cancels them or holds them in treasury for re-issue at a later date. Share buybacks are good when the company’s management perceives that their shares may have been undervalued. Share buybacks also instill confidence among investors as it…
Danone SA finalizes €1.6 billion sale of 9.8% stake in China Mengniu Dairy
PARIS: Danone SA has finalized the strategic sale of approximately 9.8% stake in China Mengniu Dairy Company Limited, which was originally announced on May 12, 2021. The transaction resulted in total gross proceeds of HKD 15.4 billion, representing c. €1.6 billion. The settlement of the transaction will take place on May 17, 2021. In line…
SkyWest to purchase and operate eight E175 aircraft for Alaska Airlines
ST. GEORGE: SkyWest Inc. (NASDAQ: SKYW) announced an agreement with Alaska Airlines to purchase and operate eight E175 aircraft under a 12-year capacity purchase agreement. The aircraft will be purchased by SkyWest from Embraer and delivered new from the factory. SkyWest continues to be the largest owner/operator of the Embraer E175 aircraft in the world….
MinRex Resources appoints Pedro Kastellorizos as Chief Executive Officer
SYDNEY: MinRex Resources Limited (ASX: MRR) announced the appointment of Mr Pedro Kastellorizos as Chief Executive Officer (CEO) of the Company. Kastellorizos has been a professional geologist with over 24 years’ experience in the exploration, mining and the corporate sectors. He has worked within senior technical and executive board positions within Australia and London, with…
Chief Executive Officer (CEO)
A chief executive officer (CEO), chief administrator, or just chief executive (CE), is one of a number of corporate executives in charge of managing an organization – especially an independent legal entity such as a company or nonprofit institution. A chief executive officer (CEO) is the highest-ranking executive in a company, whose primary responsibilities include…
Rick Legleiter appointed Chief Executive Officer of Adherium Limited
MELBOURNE: Adherium Limited (ASX: ADR) has appointed Rick Legleiter as Chief Executive Officer of Adherium, a news release said. The Board also announced the appointment of George Baran as a Non-Executive Director. Mike Motion, Adherium’s current CEO and Executive Director, has made the decision to step down from the Board and CEO position for personal…
Adherium Limited (ASX: ADR)
Adherium Limited (ASX: ADR) Share Price Click here Adherium Limited (ASX: ADR) is a provider of digital health solutions and a global leader in connected respiratory medical devices, with more than 170,000 sold globally. The Company develops, manufactures and supplies a broad range of connected medical devices for respiratory medications for patients, pharmaceutical companies, healthcare…
Elanor acquires the Broadway Medical Centre for $12 million
SYDNEY: Elanor Healthcare Real Estate Fund has acquired the Broadway Medical Centre, located at 150 Coolamon Boulevard, Ellenbrook, WA for $12.0 million, reflecting a 6.00% capitalisation rate. This is the fifth acquisition for the Fund since its establishment in March 2020 and grows the value of the Fund’s portfolio to over $201.2 million. ENN Co-Head…
Laybuy appoints Google veteran John Gillian as General Manager UK and Europe
AUCKLAND: Laybuy Holdings (ASX:LBY) has appointed John Gillian into a newly created role of General Manager UK and Europe. Laybuy Managing Director Gary Rohloff says the appointment of John is an important step for Laybuy as it focuses on its growth in the United Kingdom. The appointment follows Laybuy’s continued rapid growth in the UK,…
Infratil Limited finalizes NZ$350mn acquisition of Pacific Radiology Group’s majority stake
WELLINGTON: Infratil Limited (NZE: IFT) has executed a conditional agreement to acquire between 50.1% and 60% of Pacific Radiology Group Limited from existing shareholders, for total consideration of up to NZ$350 million, a news release said The acquisition was conditional on counterparty consents to change of control in relation to a small number of material…