Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 220

Posts Tagged ‘shareholders’

Special and extraordinary shareholders’ meetings

Posted by fidest press agency su martedì, 24 settembre 2019

The special and extraordinary shareholders’ meetings that will be held on Tuesday 22 October 2019 at 2:00 p.m. (CEST) at the Company’s registered office.The items on the agenda of the special and extraordinary general meetings of shareholders include, amongst other things, the appointment of Mr. Daniel O’Day and Dr. Linda Higgins as directors of the Company, the approval of the issuance of two warrants for the benefit of Gilead Therapeutics A1 Unlimited Company, and the renewal of the Company’s authorized capital by up to 20% of the share capital.In order to be admitted to the shareholders’ meetings, the holders of securities issued by the Company must comply with article 536 of the Belgian Companies Code of 7 May 1999 and article 29 of the Company’s articles of association, and fulfill the formalities described in the convening notice. The convening notice and other documents pertaining to the shareholders’ meetings, including the biographies of Mr. O’Day and Dr. Higgins, can be consulted on our website (www.glpg.com).
Galapagos (Euronext & NASDAQ: GLPG) discovers and develops small molecule medicines with novel modes of action, three of which show promising patient results and are currently in late-stage development in multiple diseases. Our pipeline comprises Phase 3 through to discovery programs in inflammation, fibrosis, osteoarthritis and other indications. Our ambition is to become a leading global biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines. More information at http://www.glpg.com.

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Sono-Tek Announces Results of 2018 Annual Meeting of Shareholders

Posted by fidest press agency su martedì, 28 agosto 2018

Sono-Tek Corporation (OTCQX:SOTK), the leading developer and manufacturer of ultrasonic coating systems, announced that shareholders voted in favor of the two proposals presented at the Company’s Annual Meeting of Shareholders held today:
The re-election of Eric Haskell, CPA, Dr. Donald Mowbray, and Samuel Schwartz, each to hold office for a two-year term.
The ratification of Liggett & Webb, P.A., as the Company’s auditors for fiscal year 2019 which ends February 28, 2019.
At the meeting, Company management provided an overview of Sono-Tek and the opportunities presented by market for its technology and application know-how, particularly highlighting the potential in the fuel cell market. Sono-Tek’s ultrasonic coating solution provides a more uniform and porous coating of the platinum catalyst for fuel cells that enables greater power efficiency, reduces waste of expensive materials and provides production level efficiencies for the fuel cell industry as it gains momentum. The business review presentation is available on the Company’s website at http://www.sono-tek.com/about-us/investors/events-presentations.
Stephen Harshbarger, President and Director of the Company noted, “These are very exciting times for the Company. We are broadening our addressable market by demonstrating advanced application expertise with the goal of making our customers successful.” He concluded, “Lab activity and proposals are at record levels and our conversion rate to sales is a very high percentage. Importantly, our implementation of lean practices and the automation and digitization of our production processes has measurably improved our ability to generate cash. We are very excited at Sono-Tek about the opportunities in front of us and the potential we have to measurably grow.”

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IFC Becomes a Shareholder in Turkey’s Akfen Energy to Boost Renewable Energy, Combat Climate Change

Posted by fidest press agency su sabato, 25 giugno 2016

istanbulIstanbul, Turkey, a member of the World Bank Group, is becoming a shareholder of renewable energy company Akfen Yenilenebilir Enerji (Afken Energy), part of an effort to ramp up the production of clean power in Turkey.IFC is investing $100 million in Akfen Energy, a subsidiary of Akfen Holding, to acquire a 16.67 percent stake in the company. The investment will help Akfen Energy to almost triple its renewable energy production. The company operates solar- and hydro-power plants and is expanding into wind farms. IFC’s investment is designed to support Turkey’s emerging clean energy industry, help the country reduce its reliance on climate-changing fossil fuels, and bolster domestic power supplies.“We aim to become a leading player in the renewables market in Turkey and IFC’s equity investment in our company provides strong support to realize this goal,” said Akfen Holding Chairman Hamdi Akın: “We are in the process of creating a new platform for all investors in renewable energy, which will utilize Turkey’s local renewable energy resources with sustainable generation in all segments of the energy sector.”IFC has a long-standing partnership with Akfen Holding, a multinational corporation. IFC has supported several projects spearheaded by the company, including the Mersin International Port Eurobond issue and the construction of TAV Tiblisi Airport. After the closing procedures, as shareholder in Akfen Energy, IFC will nominate a board member to the company, further improving the company’s corporate governance. “Renewable energy is a key and sustainable solution to meet ever growing energy demand and Turkey benefits from a wealth of renewable energy resources.” said Dimitris Tsitsiragos, IFC Vice President, Global Client Services. “The private sector has a significant role to play in supporting Turkey’s targets in utilizing these resources. We are happy to extend our strong relationship with Akfen into the energy sector and to continue to contribute to the company’s efforts to bolster renewable energy production.” This is IFC’s third equity investment in Turkey’s power sector. It is designed to help the country reach its goal of generating 30 percent of its energy from renewable sources by 2023.
Turkey’s energy sector has achieved a transformational shift over the last 10 years, going from a reliance on public investments and state guarantees towards private sector investments. The World Bank Group has been a long-time partner in this reform process. In Turkey, IFC’s second largest country of operations globally, IFC has significantly increased its investments in the power sector by investing and mobilizing a total of $695 million over the last three years.Globally, IFC invested more than $4 billion in power, transport and energy projects in FY15, including funds mobilized from third parties.

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Expert comment on shareholders putting Shell under pressure to reduce costs

Posted by fidest press agency su sabato, 9 aprile 2016

Christian Stadler, of Warwick_Business_School_Scarman_road_view is a Professor of Strategic Management, researched Shell for 15 years and featured the company in his book Enduring Success. Professor Christian Stadler said: “Companies which succeed in the long run are financially conservative. In a low-price environment the obvious conclusion is that costs need to be cut. Shell has a long history of getting that right and I don’t think that Shell did this with the BG acquisition. The logic of the deal to increase reserves and in particular its position in gas remains valid.”It is not entirely surprising that shareholders are calling for costs and capex to be cut. In principle that makes sense as Shell’s rivals have substantially lower capex, for example Exxon’s is $10 billion lower.”At the same time we need to bear in mind that most analysts and shareholders think short-term, while, particularly for the most challenging projects, oil companies have to think in decades. Even if the next rise in oil prices is five years away, cutting promising projects now will hurt the company then. In essence that means some reduction of capex is sensible as long as it is done diligently.”

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