Category: Finance

MIL-OSI Asia-Pac: ANRF Launches Call for Proposals Under J. C. Bose Grant (JBG)

Source: Government of India

Posted On: 12 FEB 2025 4:47PM by PIB Delhi

The Anusandhan National Research Foundation (ANRF) has announced the launch of the J. C. Bose Grant (JBG), a new scheme, to recognize the outstanding performance and contributions of senior Indian scientists and engineers through this extra-mural funding opportunities to enhance their research in cutting-edge scientific and technological areas.

The ANRF, an apex body to provide high-level strategic direction of scientific research in the country as per recommendations of the National Education Policy (NEP) aims to seed, grow and promote research and development (R&D) and foster a culture of research and innovation. It will support capacity building at all levels to strengthen the research ecosystem of the country.

The J. C. Bose Grant is designed to support senior-level researchers who have demonstrated exceptional achievements, with evidence of excellence such as publications records and research outcomes, patents, technology transfers, awards, and grants etc. across various domains of science and technology (S&T) including agriculture, medicine, as well as humanities and social sciences at the interfaces of S&T.

Participants must be active, senior Indian scientists or researchers with a proven track record of excellence, holding at least a Professor-level position or equivalent at an Indian institution/university.

This grant provides an annual research funding of Rs. 25 lakhs for a duration of five years. Additionally, an annual overhead of Rs. 1.0 lakh will be provided to the implementing institution. If the Principal Investigator (PI) superannuates, during the term of the grants, it can be continued subject to the host institutions willingness to host the PI. The grant can be availed until the age of 68.

For more details on eligibility, funding guidelines, and application procedures, please visit the ANRF Portal at https://www.anrfonline.in/ANRF/jcbose_anrf .

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NKR/PSM

(Release ID: 2102312) Visitor Counter : 22

MIL OSI Asia Pacific News –

February 13, 2025
MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah chairs the first meeting of the Parliamentary Consultative Committee of the Ministry of Cooperation in New Delhi

Source: Government of India

Union Home Minister and Minister of Cooperation Shri Amit Shah chairs the first meeting of the Parliamentary Consultative Committee of the Ministry of Cooperation in New Delhi

Prime Minister Shri Narendra Modi gave the mantra of ‘Sahkar Se Samriddhi’ by forming the Ministry of Cooperation in the interest of farmers and rural sector across the country

Soon, PACS will also be able to sell Arline tickets

The bill for the formation of “Tribhuvan” Sahkari University will be passed by the Parliament soon

After the formation of the university, professionals’ coming to the cooperative sector will be able to get technical education, information and training related to accounting and administration

Posted On: 12 FEB 2025 4:25PM by PIB Delhi

Union Home Minister and Minister of Cooperation, Shri Amit Shah chaired the first meeting of the Parliamentary Consultative Committee of the Ministry of Cooperation on ‘Initiatives taken and currently being taken to strengthen cooperative societies’ in New Delhi. The meeting was attended by Union Ministers of State for Cooperation, Shri Krishan Pal and Shri Murlidhar Mohol, Members of the Committee, Secretary, Ministry of Cooperation and senior officers of the Ministry. The committee discussed various issues related to the initiatives taken by the Ministry of Cooperation since its establishment and the current efforts being made to empower cooperative societies.

Addressing the meeting, Shri Amit Shah, the Union Home Minister and Minister of Cooperation, said that Prime Minister Shri Narendra Modi established a separate Ministry of Cooperation for the welfare of farmers and rural areas across the country and gave the mantra of “Sahkar Se Samriddhi”. He mentioned that the Modi government believes that both employment generation and prosperity of rural areas are possible through cooperation.

Shri Amit Shah said that the cooperative movement was strong in the country for a few years after independence, but later it got weakened in most states. He mentioned that after the formation of the Ministry of Cooperation at the Centre, the first task was to create a database of Primary Agricultural Credit Societies (PACS) in collaboration with the states and initiate the process of registering two lakh PACS. He said that the work to develop the National Cooperative Database is almost complete, and now, information about cooperative societies across the country, categorized by region, is available at one click. Shri Shah said that steps have been taken for the computerization of PACS. He added that in the coming times, there will not be a single panchayat in the country where PACS will not be available.

Union Minister of Cooperation said that the model by-laws created to make PACS ‘viable’ have been adopted by almost all states in the country. He added that PACS have been linked to more than 20 activities and have now started providing services such as Common Service Centres, Jan Aushadhi Kendras, and other services.

Shri Amit Shah said that the Ministry of Cooperation has introduced a bill for the establishment of “Tribhuvan” Sahkari University, it will be passed by the Parliament soon. The establishment of this university will provide technical education, accounting, administrative knowledge, and training to professionals entering the cooperative sector. Shri Shah added that this will ensure the availability of trained manpower in the cooperative sector.

Union Minister of Cooperation said that national-level cooperative organizations such as National Cooperative Exports Limited (NCEL), National Cooperative Organics Limited (NCOL), and Bharatiya Beej Sahakari Samriti Limited (BBSSL) have been established, which will help promote exports, organic products, and advanced seeds in the cooperative sector. He added that these initiatives will lead to significant changes in the cooperative sector in the coming years.

Shri Amit Shah said, that it is the endeavour of the government that the cooperative sector gets the same opportunities as the corporate sector. He said that the Ministry of Cooperation, in collaboration with the Ministry of Finance, Reserve Bank, and Income Tax Department, has taken steps to make one tax structure for the corporate and cooperative sectors. Minister of Cooperation expressed confidence that the enterprises associated with the country’s cooperative sector will progress in competition with the corporate world and will fulfill Prime Minister Shri Narendra Modi’s vision of “Sahkar Se Samriddhi”.

Union Home Minister and Minister of Cooperation informed the Consultative Committee that a roadmap has been made for the rapid development of national federations associated with cooperation, in collaboration with Krishak Bharati Cooperative Limited (KRIBHCO), Indian Farmers Fertilizer Cooperative Limited (IFFCO), National Dairy Development Board (NDDB) and other federations. He mentioned that currently, PACS are involved in booking railway tickets, and expressed confidence that due to the initiatives of the Ministry of Cooperation, PACS will soon be able to sell airline tickets as well.

Referring to the cooperative model of Gujarat, Shri Amit Shah said that today, women working in the cooperative sector in Gujarat have earned an annual income of 7.5 lakh crore, which is an achievement in itself. He mentioned that among these women, there was a woman having formal education only upto fourth grade, yet she earned a profit of 1.16 crore, setting a significant example of women empowerment.

Shri Amit Shah said that in view of the regional disparity in the development of cooperatives in the country, the government is taking special steps to bring uniform balanced development in all the states.

In the meeting, the committee members provided their suggestions on issues related to empowering cooperative societies in the country and appreciated the important steps taken by the government to strengthen the cooperative movement in the country.

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RK/VV/PR/PS

(Release ID: 2102294) Visitor Counter : 56

Read this release in: Hindi

MIL OSI Asia Pacific News –

February 13, 2025
MIL-OSI Asia-Pac: LCQ20: Office of Former Chief Executives

Source: Hong Kong Government special administrative region

     Following is a question by the Hon Michael Tien and a written reply by the Chief Secretary for Administration, Mr Chan Kwok-ki, in the Legislative Council today (February 12):

Question:

     It has been reported that the Office of Former Chief Executives of the Hong Kong Special Administrative Region (the Office) located at Pacific Place in Admiralty will be relocated to the Immigration Tower in Wan Chai upon the expiry of lease. In this connection, will the Government inform this Council:

(1) of the renovation costs involved in setting up the Office at Pacific Place in Admiralty; whether the relocation of the Office away from its present location will involve reinstatement costs; if so, of the estimated relevant expenditures;

(2) of the estimated costs associated with the relocation of the Office and the estimated renovation costs of the new Office respectively;

(3) as the Government announced in the 2017 Policy Address that it planned to reprovision the three government towers at the Wan Chai waterfront, including the Immigration Tower, so as to release the precious land in the Wan Chai district for convention, exhibition and commercial uses, and the Chief Executive indicated last month that the reprovisioning plan would be implemented as scheduled, whether the Government will, in the light of the prevailing economic environment, utilise the relevant sites for the more important use of promoting economic recovery; if so, of the progress and timetable of the relevant plan; and

(4) whether it has assessed if the Office will need to be relocated again after it has been relocated to the Immigration Tower in Wan Chai in the light of the commencement of the reprovisioning plan mentioned in (3); if it has assessed and the result is in the affirmative, whether the Government will consider a longer-term option, so as to avoid wasting public money?

Reply:

President,

     The reply to the question raised by the Hon Michael Tien is as follows:

(1), (2) and (4) As the Office of Former Chief Executives (FCEO) of the Hong Kong Special Administrative Region (HKSAR) at 28 Kennedy Road can only accommodate three former Chief Executives (former CEs) at most, and there was no suitable and available government premises at the time, a leasable office unit was thus identified at Pacific Place as office for the fourth former CE for a tenancy period of three years starting from May 2022. The renovation works was carried out by the Architectural Services Department at a cost of about $6.55 million, funded under Subhead 3101GX of Head 703 – Buildings.

     The tenancy of the office will expire in May this year. The Government had liaised with the landlord who agreed to take over the office in an as-is condition and no reinstatement works will be required. The Government plans to relocate the office to 23/F, Immigration Tower in Wan Chai for continuous operation. The renovation works is in progress and the estimated renovation cost is around $2.8 million.

     The Government will continue to provide support to all former CEs according to the recommendations set out in the Independent Commission on Remuneration Package and Post-office Arrangements for the Chief Executive of the HKSAR’s report, including appropriate office accommodation and administrative support, to facilitate their performance of promotional and protocol-related functions for Hong Kong.

(3) The convention and exhibition (C&E) industry brings important contributions to Hong Kong’s economy by attracting high-spending overnight business visitors to Hong Kong, spurring economic activities and creating employment opportunities in sectors such as tourism, retail, catering, entertainment industries; while facilitating local small and medium enterprises to connect with international buyers and suppliers to develop new markets and explore business opportunities. In order to provide more C&E facilities to facilitate the long-term development of the Hong Kong C&E industry, the Government is taking forward the Wan Chai North Redevelopment project near the Hong Kong Convention and Exhibition Centre as planned. This project involves the redevelopment of the sites of the Wan Chai Government Offices Compound, Gloucester Road Garden and the Kong Wan Fire Station into C&E facilities, hotel and Grade A offices. Among others, with the funding approval of the Finance Committee of the Legislative Council, the Government has commenced the reprovisioning of Kong Wan Fire Station project to relocate the Kong Wan Fire Station to the site adjoining Fenwick Pier Street and Lung Hop Street.

MIL OSI Asia Pacific News –

February 13, 2025
MIL-OSI Asia-Pac: LCQ11: Work of the Joint Office for Investigation of Water Seepage Complaints

Source: Hong Kong Government special administrative region

Following is a question by the Hon Kwok Wai-keung and a written reply by the Secretary for Development, Ms Bernadette Linn, in the Legislative Council today (February 12): Question: Some members of the public have relayed that even through complaints about water seepage problems in building units have been lodged with the Joint Office for Investigation of Water Seepage Complaints (JO) formed by the Buildings Department and the Food and Environmental Hygiene Department, the problems remain unresolved because the occupants of the units suspected of causing water leakage cannot be found, or water seepage has recurred after JO’s intervention and handling of the cases. In this connection, will the Government inform this Council:(1) of the following statistics on cases of water seepage in buildings handled by JO in each of the past three years: the respective numbers of reports (i) received and (ii) handled, (iii) cases with consultants engaged to conduct investigation, (iv) cases with the source of water seepage successfully identified and investigation completed, (v) cases with the source of water seepage not identified but investigation terminated, (vi) cases referred to other government departments, (vii) cases with Nuisance Notices issued, cases with (viii) Warrants to Effect Entry into Premises and (ix) Nuisance Orders issued by the court, and cases with (x) prosecutions instituted and (xi) convictions secured, and set out in the table below a breakdown by District Council district and nature of cases (i.e. (a) cases handled for the first time and (b) recurring cases (i.e. those with water seepage reportedly occurring at the same address as a case previously handled));District Council district: (2) of the respective average costs incurred by the JO in handling cases mentioned in (1)(iii) and (iv) in the past three years;(3) given that according to the information of the JO, for simple and straightforward cases with the co-operation of the owners/occupants concerned, the investigation and tests can normally be completed within 90 working days, whereas for cases in which the investigation cannot be completed within 90 working days, the complainants will be notified of the investigation progress in writing, (i) whether the JO has broken down the 90 working days for handling cases into work stages and drawn up performance pledges for each of them; (ii) whether the JO will inform the complainants in writing of the relevant investigation and test results; if not, of the reasons for that; and (iii) among the cases mentioned in (1)(ii) in the past three years, of the number and proportion of those in which the investigation could not be completed within 90 working days;(4) given that in the reply to a question raised by a Member of this Council on January 10 last year, the authorities indicated that most of the cases in which the JO could not complete the investigation within 90 working days were more complicated (e.g. involving more than one source of water seepage, repeated or intermittent water seepage, requiring multiple tests to identify the source, and failure of owners or occupants to co-operate with the investigation), whether the authorities have kept a breakdown of such cases by the reasons for not being able to complete the investigation within 90 working days; if so, of the details; if not, the reasons for that;(5) whether the authorities have compiled statistics on, among the cases referred to other government departments as mentioned in (1)(vi) in the past three years, (i) the number of cases in which the handling has been completed as well as the average time taken to handle them, and (ii) the number of cases in which the handling has yet to be completed; if so, of the details; if not, the reasons for that;(6) as it is learnt that at present, the JO is conducting on a trial basis Stage II initial investigation and Stage III professional investigation in parallel under the General Procedures for Investigating Water Seepage in six “pilot districts” (i.e. Wong Tai Sin, North, Yuen Long, Islands, Tai Po and Kwai Tsing Districts), and has introduced new testing technologies such as infrared thermography and microwave tomography at Stage III in most districts, whether the authorities will consider standardising the relevant procedures, extending such new testing technologies across the territory, and conducting the Stage II and Stage III investigation procedures in parallel in all districts, so as to enhance investigation efficiency; if so, of the timetable; if not, the reasons for that; and(7) as there are views that water seepage or leakage caused by defective fresh water mains, gutters or waterproofing membranes at rooftops of buildings cannot be dealt with under the existing section 12(1)(b) of the Public Health and Municipal Services Ordinance (Cap. 132), resulting in JO having no alternative but to refer relevant complaints received to other government departments, and thus prolonging the time during which members of the public are subjected to nuisances, whether the authorities will consider amending the legislation to bring the aforesaid situation under the regulation of Cap. 132 or expanding the JO’s functions, so as to save the time required for referral of cases among government departments; if so, of the timetable; if not, the reasons for that?Reply:President, If water seepage occurs in private buildings, the owners concerned may first co-operate among themselves to engage professionals/consultancy firms for carrying out water seepage investigation to identify the source of seepage and conducting necessary repair works to fulfill owners’ responsibilities of proper management, maintenance and repair of buildings. Consultancy firms or professionals are also available in the market to provide services for investigating and resolving water seepage problems. A list of consultancy firms and experts providing professional advice and services on water seepage problems has also been uploaded onto the websites of the Food and Environmental Hygiene Department (FEHD) and the Buildings Department (BD) for public reference. When the water seepage condition concerned has caused health nuisance, risk to structural safety of the building or water waste, the Government will intervene to handle the case in accordance with the Public Health and Municipal Services Ordinance (Cap. 132) (PHMSO), the Buildings Ordinance (Cap. 123) (BO) and the Waterworks Ordinance (Cap. 102) respectively. If owners are unable to resolve water seepage problems in consultation with their neighbours, they can seek assistance from the Joint Office (JO) jointly set up by the FEHD and the BD. Through inter-departmental co-ordination, the JO seeks to identify the source of water seepage using one-stop and systematic testing methods and require the owners concerned to carry out repair works by exercising the powers conferred by the law, leveraging the expertise of relevant departments and with co-operation of the owners or occupants concerned. Having consulted the Environment and Ecology Bureau and the FEHD, the replies to the various parts of the question are as follows:(1) The investigation of water seepage cases in buildings by the JO can be divided into the following stages (Note): Stage I: Identify the water seepage situation; Stage II: Conduct initial investigation; and Stage III: Conduct professional investigation. The statistics of water seepage cases in buildings and repeated reports handled by the JO in each of the past three years are set out at Annex. (2) The manpower and expenses involved in handling each water seepage case by the JO vary, depending on factors such as the complexity (e.g. water seepage involving multiple sources of seepage or intermittent seepage), the investigations required for each case (e.g. not all cases will undergo Stage II or III investigations). The need to engage consultancy firms to assist in professional investigations also requires appropriate arrangements to be made in light of the actual circumstances (e.g. internal renovations of the premises affected by the water seepage), and the cost of each case also varies. Although the JO does not compile statistics of the relevant average cost, the annual cost of engaging consultancy firms for Stage III investigation is about $40 million.(3) For cases that are simple and easy to handle (i.e. officers can access the premises for investigation, there is no difficulty in tracing the source of water seepage, multiple sources or multiple tests are not involved, and there is no need to confirm the test results of the source of water seepage with government laboratories) and where the owners/occupants concerned are willing to co-operate in the investigation, the performance indicator of the JO is to complete the investigation within 90 working days from the receipt of the report and to notify the informant of the investigation results in writing. Although the JO has not set specific performance pledges for each of the stages mentioned above, for such simple cases, investigation can generally be completed within 90 working days: the processing time for Stage I was six working days, 32 working days for Stage II, and 52 working days for Stage III. Based on statistics of reported cases received, including those simple and easy to handle as well as those relatively complicated cases, the percentage of cases in which investigation could be completed within 90 working days from the receipt of the report and the informant could be notified of the investigation result was 70 per cent, 68.5 per cent and 65.4 per cent in 2021, 2022 and 2023 respectively. The corresponding figures for cases that could not be completed or for which the informant could not be notified of the results within 90 working days were 30 per cent, 31.5 per cent and 34.6 per cent respectively. In addition to the performance indicator mentioned above, the existing performance pledges of the JO include contacting the informant within six working days upon receipt of a case about water seepage to arrange for investigation at the premises concerned; and issuing a Nuisance Notice within seven working days upon verification of the investigation results on the source of the water seepage nuisance.(4) The progress of investigation depends on multiple factors, including the complexity of cases. For example, a case may involve more than one source of water seepage, repeated or intermittent water seepage requiring multiple tests to identify the source, and co-operation of owners or occupiers with the JO’s investigation. Moreover, each case may involve more than one factor. The JO does not compile statistics on the reasons affecting the progress of investigation. Nevertheless, the JO will continue to optimise the workflow for handling water seepage cases to expedite investigation. In terms of regulations, the Government is working on amending the relevant legislation on environmental hygiene, which include proposals to extend the time for entering premises suspected of causing public health nuisance (including water seepage in buildings) to the evening, as well as making non-compliance with the Notice of Intended Entry issued by government officers illegal, so as to enable government officers to promptly enter the relevant premises for investigation. In terms of the handling process, the current procedure involves conducting Stage I and Stage II investigations first, and only proceeding to Stage III professional investigation if the water seepage source cannot be identified. The JO has implemented a pilot to carry out in parallel Stage II and Stage III investigations in six pilot districts, namely Wong Tai Sin, North District, Yuen Long, Islands, Tai Po, and Kwai Tsing. Under this arrangement, Stage III professional investigation can be carried out earlier without waiting for the results of Stage II investigation, which aims to reduce the investigation time required for most of the applicable cases by approximately 30 per cent from 90 working days to about 64 working days. (5) Cases are referred to the relevant departments for appropriate follow-up and enforcement actions in accordance with their respective purview. For example, cases involving building structural issues, defective exposed drain pipes in buildings, or where suspected water seepage source involves “actionable” unauthorised building works will be referred to the BD; and cases involving defective water supply pipes will be referred to the Water Supplies Department (WSD). Therefore, the JO does not compile breakdown statistics of the number of cases completed by the relevant departments or their average processing time. The JO would explore the feasibility of periodically requesting the relevant departments to provide updates on the status of case processing.(6) The JO is implementing the pilot to carry out Stage II and Stage III investigations in parallel in the six pilot districts as mentioned in Part (4) above. The JO will review the effectiveness of the new investigation mode in the pilot districts, continuously optimise relevant workflow and technical guidelines, and assess resources, manpower arrangement, and the availability of consultancy service providers with a view to considering gradual extension of the parallel investigation mode to more districts. Infrared thermography and microwave tomography (advanced testing technologies) used during Stage III professional investigation are mainly for detecting the location and extent of the water seepage area and whether waterproofing facilities of floor slabs are defective. Up to December 2024, the JO has extended the use of advanced testing technologies as a preferred investigation tool in the stage of professional investigation for applicable cases in 16 districts and the relatively complicated cases in the remaining two districts. The JO will review the supply of relevant service providers in the market and extend the application of advanced testing technologies to applicable cases in the remaining two districts progressively. Nevertheless, under special circumstances where the advanced technologies cannot be applied effectively due to site conditions, such as spalling of ceiling concrete affected by water seepage, uneven surfaces or tile finishes, blockage by pipes or other facilities on the ceiling, the JO has to continue to employ the conventional testing methods (such as colour water test for drains or ponding test for floor slabs) in order to identify the source of water seepage.(7) Upon receiving a report regarding water seepage in a building, the JO will send officers to the concerned premises to conduct inspections and tests. After confirming the source of the water seepage, if the source is a water nuisance specified in section 12 of the PHMSO, the JO would issue a Nuisance Notice to the owner(s) of the premises causing the water seepage problem. Other cases not involving nuisances under the PHMSO, including water seepage caused by water supply pipes, exposed drain pipes or rooftop issues, there is already a mechanism for referring the cases expediently in order to handle them effectively under the relevant regulations. For example, in respect of water seepage cases caused by water supply pipes, the JO will immediately refer relevant cases involving continuous dripping or visible seepage of water supply pipes discovered during investigation to the WSD for follow-up in parallel. The WSD will investigate whether the cases has caused water wastage due to seepage in the water supply system. If so, the WSD will issue a repair notice to the registered user concerned in accordance with the Waterworks Ordinance and require them to repair the defective pipes within a specified period. If the user fails to comply with the requirements of the repair notice and complete the repair, the WSD will consider arranging disconnection of water supply. In cases of water seepage caused by damaged waterproofing layers on building rooftops or rainwater pipes, if building structural safety hazards (such as spalling concrete from ceiling and rusty reinforcement) or problems with improper or defective exposed drain pipes (such as rainwater pipes or foul water pipes) are identified during the water seepage investigation, the JO will immediately refer the case to the BD for follow-up under the BO, including issuing advisory letters and/or building repair orders, investigation orders or drainage repair orders under the BO to the owners concerned. For defective buildings or drainage systems, any person who fails to comply with the statutory orders served on him under the BO for remedial works shall be liable to prosecution.Note: Generally speaking, the JO carries out investigation on water seepage cases in three stages. Stage I investigation ascertains whether the moisture content of the water seepage areas reaches 35 per cent or above. The JO will not investigate reports of water seepage with moisture content below 35 per cent. If the moisture content reaches 35 per cent or above, Stage II investigation will be arranged. Stage I (confirmation of water seepage) and Stage II (initial investigation, including monitoring of moisture content at the water seepage areas, dye tests for drain pipes, and reversible pressure tests for water supply pipes) are carried out by JO officers. If the source of water seepage cannot be identified, Stage III professional investigation will be conducted. In Stage III, the JO will engage contract consultancy firms to assist in carrying out investigation, including monitoring of moisture content at the water seepage areas, ponding tests for floor slabs, water spray test on walls, and reversible pressure tests for water supply pipes. New testing technologies such as microwave tomography and infrared thermography will be employed for suitable cases.

MIL OSI Asia Pacific News –

February 13, 2025
MIL-OSI Asia-Pac: LCQ17: The supply and demand situations of private offices

Source: Hong Kong Government special administrative region

LCQ17: The supply and demand situations of private offices
LCQ17: The supply and demand situations of private offices
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Following is a question by the Hon Edmund Wong and a written reply by the Secretary for Development, Ms Bernadette Linn, in the Legislative Council today (February 12): Question: It has been reported that according to the estimation of a surveyor firm, the vacancy rate of Grade A private offices in Central has exceeded 13 per cent as at the end of December 2024, and the rents in the district are projected to further drop by 5 per cent in 2025. In this connection, will the Government inform this Council:(1) of the average per-square-foot selling prices and monthly rents, as well as the vacancy rates, for various grades of private offices in Hong Kong in the past three years, together with a quarterly breakdown of such figures; (2) whether it has projected the supply and demand situations of various grades of private offices in various districts in the next five years; and (3) of the specific strategies to achieve a balance between the supply and demand of private offices in various districts so as to mitigate the problem of worsening vacancy rates; whether it will introduce a flexible mechanism for zoning sites in new development areas (e.g. ‍the Northern Metropolis) for commercial uses; if so, of the details; if not, the reasons for that? Reply: President, In consultation with the Financial Services and the Treasury Bureau, the reply to various parts of the question is as follows: (1) The Rating and Valuation Department (RVD) obtains property transaction and rental information from a variety of sources for compiling and periodically publishing the average prices and average rents of private premises. For private offices, it has been the RVD’s established practice to conduct detailed analysis of the seven main private office districts. According to the Hong Kong Property Review 2024 published by the RVD last April, the total stock of private offices in Hong Kong at the end of 2023 amounted to around 13 100 000 square metres (sq m), comprising 66 per cent Grade A, 23 per cent Grade B and 11 per cent Grade C offices. Their quarterly average prices and average rents by grade in main sub-districts in the past three years (i.e. from 2022 to 2024) as published by the RVD are set out at Appendix 1 and Appendix 2 respectively. In addition, the RVD also conducts year-end vacancy surveys on private premises every year to provide relevant data of their vacancy position in the Hong Kong Property Review. The year-end vacancy rates for private offices in Hong Kong by grade from 2021 to 2023 are tabulated below:

Year
Grade A
Grade B
Grade C
Overall

2021
12.5%
13.1%
9.3%
12.3%

2022
15.1%
15.1%
8.8%
14.4%

2023
16.0%
14.9%
9.0%
14.9%

Remarks: The vacancy rates for 2024 are still being collated, and will be released in the Hong Kong Property Review 2025 to be published later this year. (2) The Government does not estimate the demand for private offices in the short to medium term. As for supply of private offices, the RVD publishes in the Hong Kong Property Review each year the estimated completions of all grades of private offices in the coming two years. According to the Hong Kong Property Review 2024 published by the RVD last April, the estimated total completion of private offices in 2025 is around 136 000 sq m, constituting a slight fall as compared to 156 000 sq m in 2024. The estimated completions of private offices by grade in 2024 and 2025 are tabulated below:

Year
Grade A(sq m)
Grade B(sq m)
Grade C(sq m)

2024
146 000
9 300
1 000

2025
126 400
9 400
300

(3) The Government has been proactively taking various measures to promote the healthy development of the commercial property market, including: (i) The Government will assess the situation pragmatically and roll out land in a prudent and paced manner. Taking into account the current economic environment, the office vacancy rates and the upcoming supply expected, the Government has not put up any commercial site for sale since the financial year 2023-24, the last piece of commercial site sold in recent years being the site at Sai Yee Street in Mong Kok in March 2023. (ii) The Government is proactively implementing industrial policies and competing for talents and enterprises, with a view to raising both the capacity and quality of the economy. By stepping up efforts in attracting enterprises and investment and promoting Hong Kong’s unique advantages, Hong Kong will continue to draw more Mainland and overseas enterprises and investment to set up or expand their operations here, including establishing new companies or upgrading existing business in Hong Kong to regional headquarters, thereby boosting demand for shops and office space. According to the results of the latest annual survey by Invest Hong Kong and the Census and Statistics Department, the number of companies in Hong Kong with overseas or Mainland parent companies rose to 9 960 in 2024, representing an annual growth of 10per cent and reaching a record high. The number of regional headquarters, regional offices and local offices of these companies also increased by more than 5 per cent, 4 per cent and 13 per cent respectively. In addition, by end 2024, the Office for Attracting Strategic Enterprises has successfully attracted nearly 70 strategic enterprises. The majority of these enterprises plan to establish their global or regional headquarters in Hong Kong, which will drive the demand for office space. (iii) In terms of land use planning, traditional office premises are mainly zoned “Commercial” (the “C” zone) on the statutory plans. Apart from office, the “C” zone generally accommodates various other always-permitted uses including hotel, eating place, shop and services, educational institution, exhibition or conference hall, place of recreation, sports or culture, place of entertainment, and information technology and telecommunications industries (such as data centres, data processing/computer centres). In other words, the current planning regime provides flexibility for developers to pursue other non-office commercial uses within the “C” zone, taking into account market conditions and business considerations. In addition, the recently amended planning guidelines for the Hung Shui Kiu / Ha Tsuen New Development Area in the Northern Metropolis no longer specify the allocation of floor space of commercial sites to office and retail uses. This is to reserve sufficient flexibility in planning to enable timely response to market changes.(iv) When planning the new development areas in the Northern Metropolis, we will suitably propose individual sites for a wider range of uses to cater for the changing market needs. For example, sites near the proposed Northern Link Railway Station are zoned “Other Specified Uses” annotated “Mixed Use” on the San Tin Technopole Outline Zoning Plan. This is to endow the area with flexibility in development, allowing various uses including commercial, residential, educational, cultural, recreational and entertainment uses, either vertically within a building or horizontally over a spatial area. (v) For certain sizable development projects that involve larger investment, the Development Bureau (DEVB) will maintain close communication with the market and relevant industries, gauging the views of the stakeholders on the development direction of the project and the tender conditions. For example, the DEVB invited the market last December to submit expression of interest for the three pilot areas of large-scale land disposal in the Northern Metropolis, hoping to collect market views and suggestions in order to finalise the open tender details and conditions later. (vi) The Northern Metropolis is a development project spanning across a number of years. We are mindful of the need for flexibility in planning to timely meet the needs of the society and industry development. Even if the relevant statutory plans have designated the permitted land uses for sites within the Northern Metropolis, the current planning regime caters for adjustment by allowing applications for planning permission and amendment of plans. The Town Planning Board will holistically consider these applications in light of prevailing circumstances.

Ends/Wednesday, February 12, 2025Issued at HKT 17:45

NNNN

MIL OSI Asia Pacific News –

February 13, 2025
MIL-OSI Russia: “It’s better not to postpone a good deed”: the winners of the NIRS-2024 competition were awarded

Translartion. Region: Russians Fedetion –

Source: State University Higher School of Economics – State University Higher School of Economics –

On February 10, the HSE hosted an awards ceremony for the winners and laureates of the 2024 Best Student Research Paper Competition. 1,916 papers were submitted to the competition, 320 people became winners and laureates, and the awards ceremony was held in four sections: social sciences, economic and managerial sciences, exact sciences, humanities, and creative industries.

“An achievement to build on”

The winners and laureates of the social sciences section were congratulated by the first vice-rector of the National Research University Higher School of Economics Vadim Radaev. He said that the audience included those who had started doing research while still students, and noted: “You did the right thing: it is better not to postpone a good deed.”

Vadim Radaev recalled that the NIS competition was first held in 2003 in five areas, and now there are 25 of them, with students not only from HSE but also from other Russian universities participating. Each application was read by at least two experts, there were more than a thousand of them in total, and they did this voluntarily and free of charge. The First Vice-Rector also thanked the experts and organizers of the competition.

First Vice Dean Faculty of Social Sciences Mikhail Mironyuk called winning the competition an achievement that he should build on in his future studies and career: enroll in master’s and postgraduate programs, find work in laboratories and research institutes.

Deputy Dean for Research Faculty of Law Alexander Larichev reported that the competition included research on various sections of jurisprudence, as well as interdisciplinary research. “Your works contain a fresh, non-trivial view, and this allows us to achieve new interesting results,” he added.

“We were able to convince the experts”

Vice-Rector of the National Research University Higher School of Economics Sergey Roshchin spoke at the section on economic and managerial sciences. He called the victory in the research competition no less important than receiving a university diploma.

“I am glad that among the winners of the NRS competition are students and graduates not only of HSE, but also of other universities. It is important to understand that beyond your usual environment there is a community that is moving in the same direction, solving similar problems and, perhaps, ahead of you in some ways,” the vice-rector added.

Dean Faculty of Economic Sciences Sergey Pekarsky said that the competencies demonstrated by the winners and laureates of the NIRS competition are needed always and everywhere. One of them is the ability to persuade: they were able to convince the experts that their works are the best.

According to the deputy director Higher School of Business HSE Igor Tsarkov, despite the importance of applied work in the field of management, “there is no more practical thing than a good theory,” and the NIRS competition contains many works completed in accordance with research canons. Associate Professor St. Petersburg School of Economics and Management Irina Sizova emphasized that the students demonstrated the ability not only to work with data, but also to collect it.

First Vice Dean Faculty of World Economy and World Politics Igor Kovalev recalled that the competition participants achieved success with the support of their scientific supervisors, and advised not to lose contact with them.

“The moment of triumph of the mind”

Opening the section on humanities and creative industries, Ivan Gruzdev, Director of Internal Research and Academic Student Development at HSE, called the award ceremony for winners and laureates “a moment of triumph of the mind,” since the smartest students are sitting in the audience.

Dean Faculty of Humanities Felix Azhimov stated that engineering and natural science disciplines are a priority all over the world today, but humanities are still in great demand. This cannot be explained by “escape from mathematics” (especially since, for example, linguists need it). The reason for the interest is different. By studying the humanities, a person demonstrates his best moral qualities, including honesty and willingness to take responsibility.

Scientific and technological progress is certainly of decisive importance, the director clarified. Institute of Media Faculty of Creative Industries Ernest Matskyavichyus, but if there are no humanities scholars, who will tell people that it has taken place? At the same time, it is important for media workers not to turn into “pure artisans”, they value the fundamental knowledge that is provided at the HSE. In his opinion, students here conduct research, demonstrating a new view, in which there are fewer prejudices, more courage and drive.

Deputy Dean for Research St. Petersburg School of Humanities and Arts Renata Goroshkova said that the winners and laureates of the NIRS competition are on the right path, which is “not always easy and not strewn with diamonds,” but, in her opinion, “the most interesting of all possible.”

Feedback and recognition

At the exact sciences section, HSE Vice-Rector Elena Odoevskaya asked students about their impressions of the NIRS competition. During an informal conversation, it became clear, in particular, that for them the competition is an opportunity to receive not only feedback, but also recognition that they are interested in participating in the HSE students and young scientists academic development project “Republic of Scientists“.

“I would really like our partnership not to end with a diploma from the research competition and a beautiful photograph, so that you establish communication with scientists and the university administration, so that you can continue to remain in our wonderful science,” said Elena Odoevskaya. In her opinion, it is important to retain each winner and laureate of the competition in the scientific field.

Dean Faculty of Chemistry Vitaly Kotov emphasized that HSE holds various scientific competitions for students, and if at the NIRS competition research is assessed anonymously, then at another competition, organized by the Faculty of Chemistry, participants first present their work on stands, and then give flash reports.

Answering the question of the first vice-dean Faculty of Computer Science Tamara Voznesenskaya, what qualities a scientist should have, the students named patience, critical thinking and curiosity. She, in turn, noted that people who are characterized by curiosity find it difficult to do routine work in companies even for big money, and spoke about the opportunities for development in the scientific field.

“The Turning Point”

Every year, students from different campuses of the HSE participate in the research competition, and in 2024, representatives of the St. Petersburg campus achieved significant success. In the Management program, they took almost all the prizes. Among them are students of the bachelor’s program “International Business and Management“Sofia Ilyakova and Shahzodakhon Shavkatjon kizi Botirova, who took first place.

“Our research focuses on the factors that influence the success of crowdfunding campaigns in the Russian film industry on the Planeta.ru platform. We examined two levels of campaign success – reaching 50% and 100% of the target amount, showing that success depends on the number of people who supported the project, the duration of the campaign and the stated goal. We also developed recommendations for managers in the film industry,” said Sophia.

In the Psychology category, third place was taken by students from the Master’s programData Analytics for Business and Economics» Ekaterina Kalganova and Daria Levanovich. They studied the impact of participation in events held in coworking spaces on the formation of team creativity of employees.

“My future plans include developing and deepening this research. I am also attracted by the prospect of publishing an article in one of the scientific journals. I am sure that winning a prize in the competition will be a turning point in my academic development,” Ekaterina noted.

In the category “World Economy”, a student from China, Wang Jinhai, distinguished himself by taking first place. He also became a laureate in the category “Finance”. At the St. Petersburg campus, he is studying in the master’s program “Global and Regional History” and is convinced that science is his calling.

“My research interests are quite broad. I am currently working on several other studies, the topics of which are interesting in the Russian context, and I have already submitted several articles to leading journals devoted to social sciences. I hope that winning the NIRS competition will help me interact with Russian scientists and contribute to a better understanding of their approaches to studying economics and finance,” Wang Jinhai noted.

“Participation is already a success”

Second place in the direction of “Urban studies, urban and transport planning” was taken by fourth-year students of the bachelor’s program “Urban planning» Zoya Ermokhina, Elizaveta Dekkusheva, Anna Kochetkova, Dmitry Moiseyev and Amira Tsarbaeva. The team was formed in the second year, and since then they have been writing scientific papers together.

Their research for the research competition was devoted to the topic of anniversaries as drivers of urban space modernization. “The topic was suggested by our scientific supervisor Anton Valerievich Gorodnichev, and we compared 11 cases of holding anniversaries in Russia, starting with the millennium of Kazan in 2005 and ending with the millennium of Suzdal in 2024. We identified three types of modernization: an image anniversary, that is, transformations for the promotion of the city, an anniversary for solving local problems, and a mixed type,” explains Amira.

“Our work is unique because no one before us has considered an anniversary as a modernization process. But an anniversary changes the urban space: new objects are built, infrastructure is created, improvements are carried out,” adds Dmitry. According to Elizaveta, they heard about the NRS competition from the first days of their studies at the HSE. “Even participating in it is already a success,” she says.

Student of the Master’s program “Systems and software engineering» Ilya Derezovsky took third place in the Computer Science category. “This is my first experience of participating in a research competition, as well as the experience of writing my first serious scientific publication. Therefore, winning the competition was doubly unexpected and pleasant,” he says.

The young scientist conducted a study in which he had to come up with an informative, visual and aesthetic way to visualize data as part of one of his projects NUL process-oriented information systems under the supervision of Alexey Mitsyuk, a senior research fellow at this laboratory and deputy dean for research at the Faculty of Computer Science. Ilya notes that he received positive experience in scientific work and the desire to continue developing in the academic environment thanks to the support of his colleagues at the laboratory.

“The atmosphere of HSE’s scientific laboratories is unique, charged with the energy of people interested in their topic, incredibly valuable experience, support and knowledge. HSE is the best place to try yourself in science, and the research is one of the most significant events at the university, where many young researchers begin their careers,” says Ilya Derezovsky.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

February 13, 2025

MIL-OSI: Radware Reports Fourth Quarter and Full Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

Fourth Quarter 2024 Financial Results and Highlights

Revenue of $73 million, an increase of 12% year–over–year
Non-GAAP diluted EPS of $0.27 vs. $0.13 in Q4 2023; GAAP diluted EPS of $0.06 vs. $(0.14) in Q4 2023

Full Year 2024 Financial Results and Highlights

Revenue of $275 million, an increase of 5% year-over-year
Cloud ARR of $77.3 million, an increase of 19% year-over-year
Non-GAAP diluted EPS of $0.87 vs. $0.43 in 2023; GAAP diluted EPS of $0.14 vs. $(0.50) in 2023
Cash flow from operations of $71.6 million compared to $(3.5) million last year

TEL AVIV, Israel, Feb. 12, 2025 (GLOBE NEWSWIRE) — Radware^® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced its consolidated financial results for the fourth quarter ended December 31, 2024.

“We are pleased to report a strong finish to 2024, growing revenue 12% year-over-year and more than doubling non-GAAP EPS to $0.27 in the fourth quarter. Our full year results were driven by accelerated cloud ARR growth of 19%, the success of our DefensePro X DDoS protection refresh, and strong performance from our OEM partnerships,” said Roy Zisapel, Radware’s president and CEO. “Looking ahead, we plan to increase investment in and accelerate our cloud security growth by further expanding our market leading AI enabled security capabilities, opening new cloud security service centers and expanding our cloud channels. We are confident in our strategy, excited about the opportunities ahead, and believe in our ability to deliver long-term success.”

Financial Highlights for the Fourth Quarter and Full Year 2024

Revenue for the fourth quarter and full year of 2024 totaled $73.0 million and $274.9 million, respectively:

Revenue in the Americas region was $32.8 million for the fourth quarter of 2024, an increase of 33% from $24.6 million in the fourth quarter of 2023. Revenue in the Americas region for the full year of 2024 was $117.7 million, an increase of 14% from $103.4 million in the full year of 2023.
Revenue in the Europe, Middle East, and Africa (“EMEA”) region was $23.3 million for the fourth quarter of 2024, a decrease of 6% from $24.9 million in the fourth quarter of 2023. Revenue in the Europe, Middle East, and Africa (“EMEA”) region for the full year of 2024 was $94.1 million, a decrease of 2% from $96.5 million in the full year of 2023.
Revenue in the Asia-Pacific (“APAC”) region was $16.9 million for the fourth quarter of 2024, an increase of 8% from $15.5 million in the fourth quarter of 2023. Revenue in the Asia-Pacific (“APAC”) region for the full year of 2024 was $63.1 million, an increase of 3% from $61.4 million in the full year of 2023.

GAAP net income for the fourth quarter of 2024 was $2.5 million, or $0.06 per diluted share, compared to GAAP net loss of $5.9 million, or $(0.14) per diluted share, for the fourth quarter of 2023. GAAP net income for the full year of 2024 was $6.0 million, or $0.14 per diluted share, compared to GAAP net loss of $21.6 million, or $(0.50) per diluted share, for the full year of 2023.

Non-GAAP net income for the fourth quarter of 2024 was $11.9 million, or $0.27 per diluted share, compared to non-GAAP net income of $5.5 million, or $0.13 per diluted share, for the fourth quarter of 2023. Non-GAAP net income for the full year of 2024 was $37.7 million, or $0.87 per diluted share, compared to non-GAAP net income of $18.9 million, or $0.43 per diluted share, for the full year of 2023.

As of December 31, 2024, the Company had cash, cash equivalents, short-term and long-term bank deposits, and marketable securities of $419.7 million. Cash flow from operations was $12.7 million and $71.6 million in the fourth quarter and full year of 2024, respectively.

Non-GAAP results are calculated excluding, as applicable, the impact of stock-based compensation expenses, amortization of intangible assets, litigation costs, acquisition costs, restructuring costs, exchange rate differences, net on balance sheet items included in financial income, net, and tax-related adjustments. A reconciliation of each of the Company’s non-GAAP measures to the most directly comparable GAAP measure is included at the end of this press release.

Conference Call
Radware management will host a call today, February 12, 2025, at 8:30 a.m. EST to discuss its fourth quarter and full year 2024 results and first quarter 2025 outlook. To participate on the call, please use the following numbers:
U.S. participants call toll free: 1-877-704-4453
International participants call: 1-201-389-0920

A replay will be available for seven days, starting two hours after the end of the call, on telephone number 1-844-512-2921 (US toll-free) or 1-412-317-6671. Access ID 13750817.

The call will be webcast live on the Company’s website at: http://www.radware.com/IR/. The webcast will remain available for replay during the next 12 months.

Use of Non-GAAP Financial Information and Key Performance Indicators
In addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), Radware uses non-GAAP measures of gross profit, research and development expense, selling and marketing expense, general and administrative expense, total operating expenses, operating income, financial income, net, income before taxes on income, taxes on income, net income and diluted earnings per share, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation expenses, amortization of intangible assets, litigation costs, acquisition costs, restructuring costs, exchange rate differences, net on balance sheet items included in financial income, net, and tax–related adjustments. Management believes that exclusion of these charges allows for meaningful comparisons of operating results across past, present, and future periods. Radware’s management believes the non-GAAP financial measures provided in this release are useful to investors for the purpose of understanding and assessing Radware’s ongoing operations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is included with the financial information contained in this press release. Management uses both GAAP and non-GAAP financial measures in evaluating and operating the business and, as such, has determined that it is important to provide this information to investors.

Annual recurring revenue (“ARR”) is a key performance indicator defined as the annualized value of booked orders for term-based cloud services, subscription licenses, and maintenance contracts that are in effect at the end of a reporting period. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either of those items. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates and renewal rates and does not include revenue reported as perpetual license or professional services revenue in our consolidated statement of operations. We consider ARR a key performance indicator of the value of the recurring components of our business.

Safe Harbor Statement

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; a shortage of components or manufacturing capacity could cause a delay in our ability to fulfill orders or increase our manufacturing costs; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors, or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by fourth parties; laws, regulations, and industry standards affecting our business; compliance with open source and fourth-party licenses; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

About Radware
Radware^® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, YouTube, and Radware Mobile for iOS.

©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

CONTACTS
Investor Relations:
Yisca Erez, +972-72-3917211, ir@radware.com

Media Contact:
Gerri Dyrek, gerri.dyrek@radware.com

Radware Ltd.
Condensed Consolidated Balance Sheets
(U.S. Dollars in thousands)

	December 31,	December 31,
	2024	2023
	(Unaudited)	(Unaudited)
Assets

Current assets
Cash and cash equivalents	98,714	70,538
Marketable securities	72,994	86,372
Short-term bank deposits	104,073	173,678
Trade receivables, net	16,823	20,267
Other receivables and prepaid expenses	14,242	9,529
Inventories	14,030	15,544
	320,876	375,928

Long-term investments
Marketable securities	29,523	33,131
Long-term bank deposits	114,354	–
Other assets	2,171	2,166
	146,048	35,297


Property and equipment, net	15,632	18,221
Intangible assets, net	11,750	15,718
Other long-term assets	37,906	37,967
Operating lease right-of-use assets	18,456	20,777
Goodwill	68,008	68,008
Total assets	618,676	571,916

Liabilities and equity

Current liabilities
Trade payables	5,581	4,298
Deferred revenues	106,303	105,012
Operating lease liabilities	4,750	4,684
Other payables and accrued expenses	51,836	41,021
	168,470	155,015

Long-term liabilities
Deferred revenues	64,708	60,499
Operating lease liabilities	13,519	16,020
Other long-term liabilities	14,904	17,108
	93,131	93,627

Equity
Radware Ltd. equity
Share capital	754	742
Additional paid-in capital	555,154	529,209
Accumulated other comprehensive income	1,103	77
Treasury stock, at cost	(366,588)	(365,749)
Retained earnings	125,850	119,812
Total Radware Ltd. shareholder’s equity	316,273	284,091

Non–controlling interest	40,802	39,183

Total equity	357,075	323,274

Total liabilities and equity	618,676	571,916

Radware Ltd.
Condensed Consolidated Statements of Income (Loss)
(U.S Dollars in thousands, except share and per share data)

	For the three months ended		For the twelve months ended
	December 31,		December 31,
	2024	2023	2024	2023
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)

Revenues	73,031	65,032	274,880	261,292
Cost of revenues	13,992	12,824	53,252	51,710
Gross profit	59,039	52,208	221,628	209,582

Operating expenses, net:
Research and development, net	18,472	19,712	74,723	82,617
Selling and marketing	32,505	31,869	122,450	126,237
General and administrative	7,071	8,030	28,342	32,408
Total operating expenses, net	58,048	59,611	225,515	241,262

Operating income (loss)	991	(7,403)	(3,887)	(31,680)
Financial income, net	3,570	3,239	16,552	13,927
Income (loss) before taxes on income	4,561	(4,164)	12,665	(17,753)
Taxes on income	2,109	1,686	6,627	3,837
Net income (loss)	2,452	(5,850)	6,038	(21,590)

Basic net income (loss) per share attributed to Radware Ltd.’s shareholders	0.06	(0.14)	0.14	(0.50)

Weighted average number of shares used to compute basic net income (loss) per share	42,238,469	41,806,042	41,982,851	42,871,770

Diluted net income (loss) per share attributed to Radware Ltd.’s shareholders	0.06	(0.14)	0.14	(0.50)

Weighted average number of shares used to compute diluted net income (loss) per share	43,725,803	41,806,042	43,362,906	42,871,770

	Radware Ltd.
	Reconciliation of GAAP to Non-GAAP Financial Information
	(U.S Dollars in thousands, except share and per share data)

		For the three months ended		For the twelve months ended
		December 31,		December 31,
		2024	2023	2024	2023
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
GAAP gross profit		59,039	52,208	221,628	209,582
	Share-based compensation	126	112	366	515
	Amortization of intangible assets	992	992	3,968	3,968
Non-GAAP gross profit		60,157	53,312	225,962	214,065

GAAP research and development, net		18,472	19,712	74,723	82,617
	Share-based compensation	1,434	2,305	6,113	8,505
Non-GAAP Research and development, net		17,038	17,407	68,610	74,112

GAAP selling and marketing		32,505	31,869	122,450	126,237
	Share-based compensation	3,173	3,489	10,881	12,554
	Restructuring costs	–	578	–	1,851
Non-GAAP selling and marketing		29,332	27,802	111,569	111,832

GAAP general and administrative		7,071	8,030	28,342	32,408
	Share-based compensation	2,187	2,965	8,667	12,448
	Acquisition costs	130	359	701	1,128
Non-GAAP general and administrative		4,754	4,706	18,974	18,832

GAAP total operating expenses, net		58,048	59,611	225,515	241,262
	Share-based compensation	6,794	8,759	25,661	33,507
	Acquisition costs	130	359	701	1,128
	Restructuring costs	–	578	–	1,851
Non-GAAP total operating expenses, net		51,124	49,915	199,153	204,776

GAAP operating income (loss)		991	(7,403)	(3,887)	(31,680)
	Share-based compensation	6,920	8,871	26,027	34,022
	Amortization of intangible assets	992	992	3,968	3,968
	Acquisition costs	130	359	701	1,128
	Restructuring costs	–	578	–	1,851
Non-GAAP operating income		9,033	3,397	26,809	9,289

GAAP financial income, net		3,570	3,239	16,552	13,927
	Exchange rate differences, net on balance sheet items included in financial income, net	1,463	563	1,232	(207)
Non-GAAP financial income, net		5,033	3,802	17,784	13,720

GAAP income (loss) before taxes on income		4,561	(4,164)	12,665	(17,753)
	Share-based compensation	6,920	8,871	26,027	34,022
	Amortization of intangible assets	992	992	3,968	3,968
	Acquisition costs	130	359	701	1,128
	Restructuring costs	–	578	–	1,851
	Exchange rate differences, net on balance sheet items included in financial income, net	1,463	563	1,232	(207)
Non-GAAP income before taxes on income		14,066	7,199	44,593	23,009

GAAP taxes on income		2,109	1,686	6,627	3,837
	Tax related adjustments	61	61	246	246
Non-GAAP taxes on income		2,170	1,747	6,873	4,083

GAAP net income (loss)		2,452	(5,850)	6,038	(21,590)
	Share-based compensation	6,920	8,871	26,027	34,022
	Amortization of intangible assets	992	992	3,968	3,968
	Acquisition costs	130	359	701	1,128
	Restructuring costs	–	578	–	1,851
	Exchange rate differences, net on balance sheet items included in financial income, net	1,463	563	1,232	(207)
	Tax related adjustments	(61)	(61)	(246)	(246)
Non-GAAP net income		11,896	5,452	37,720	18,926

GAAP diluted net income (loss) per share		0.06	(0.14)	0.14	(0.50)
	Share-based compensation	0.16	0.21	0.60	0.78
	Amortization of intangible assets	0.02	0.02	0.09	0.09
	Acquisition costs	0.00	0.01	0.02	0.03
	Restructuring costs	0.00	0.02	0.00	0.04
	Exchange rate differences, net on balance sheet items included in financial income, net	0.03	0.01	0.03	0.00
	Tax related adjustments	(0.00)	(0.00)	(0.01)	(0.01)
Non-GAAP diluted net earnings per share		0.27	0.13	0.87	0.43


Weighted average number of shares used to compute non-GAAP diluted net earnings per share		43,725,803	42,462,751	43,362,906	43,655,555

Radware Ltd.
Condensed Consolidated Statements of Cash Flow
(U.S. Dollars in thousands)

	For the three months ended		For the twelve months ended
	December 31,		December 31,
	2024	2023	2024	2023
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
Cash flow from operating activities:

Net income (loss)	2,452	(5,850)	6,038	(21,590)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,918	3,028	11,836	12,244
Share-based compensation	6,920	8,871	26,027	34,022
Amortization of premium, accretion of discounts and accrued interest on marketable securities, net	(190)	638	(417)	1,754
Loss (income) related to securities, net	–	(1)	–	243
Increase (decrease) in accrued interest on bank deposits	(1,279)	549	3,366	(3,265)
Increase (decrease) in accrued severance pay, net	(151)	207	(45)	(299)
Decrease (increase) in trade receivables, net	3,140	(7,895)	3,444	(2,515)
Decrease (increase) in other receivables and prepaid expenses and other long-term assets	(1,252)	2,236	(97)	(305)
Decrease (increase) in inventories	(487)	(2,550)	1,514	(4,116)
Increase (decrease) in trade payables	(970)	(1,771)	1,283	(2,166)
Increase (decrease) in deferred revenues	(4,829)	(3,856)	5,500	(14,951)
Increase (decrease) in other payables and accrued expenses	6,222	9,383	13,274	(1,415)
Operating lease liabilities, net	255	(336)	(114)	(1,141)
Net cash provided by (used in) operating activities	12,749	2,653	71,609	(3,500)

Cash flows from investing activities:

Purchase of property and equipment	(1,059)	(936)	(5,279)	(5,429)
Proceeds from other long-term assets, net	41	(11)	81	66
Proceeds from (investment in) bank deposits, net	(46,682)	29,686	(48,115)	81,031
Investment in, redemption of and purchase of marketable securities ,net	23,249	16,764	18,793	17,111
Investment in other deposits	(5,000)	–	(5,000)	–
Net cash provided by (used in) investing activities	(29,451)	45,503	(39,520)	92,779

Cash flows from financing activities:

Proceeds from exercise of share options	–	63	3	371
Repurchase of shares	–	(10,103)	(839)	(63,234)
Payment of contingent consideration related to acquisition	–	–	(3,077)	(2,063)
Net cash used in financing activities	–	(10,040)	(3,913)	(64,926)

Increase (decrease) in cash and cash equivalents	(16,702)	38,116	28,176	24,353
Cash and cash equivalents at the beginning of the period	115,416	32,422	70,538	46,185
Cash and cash equivalents at the end of the period	98,714	70,538	98,714	70,538

	Radware Ltd.
	RECONCILIATION OF GAAP NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (NON-GAAP)
	(U.S Dollars in thousands)

		For the three months ended		For the twelve months ended
		December 31,		December 31,
		2024	2023	2024	2023
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
GAAP net income (loss)		2,452	(5,850)	6,038	(21,590)
	Exclude: Financial income, net	(3,570)	(3,239)	(16,552)	(13,927)
	Exclude: Depreciation and amortization expense	2,918	3,028	11,836	12,244
	Exclude: Taxes on income	2,109	1,686	6,627	3,837
EBITDA		3,909	(4,375)	7,949	(19,436)

	Share-based compensation	6,920	8,871	26,027	34,022
	Restructuring costs	–	578	–	1,851
	Acquisition costs	130	359	701	1,128
Adjusted EBITDA		10,959	5,433	34,677	17,565


		For the three months ended		For the twelve months ended
		December 31,		December 31,
		2024	2023	2024	2023
	Amortization of intangible assets	992	992	3,968	3,968
	Depreciation	1,926	2,036	7,868	8,276
		2,918	3,028	11,836	12,244

The MIL Network –

February 13, 2025

MIL-OSI: CLEAR To Announce Fourth Quarter and Full Year 2024 Earnings

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — Clear Secure, Inc. (NYSE: YOU), the secure identity company, today announced that it will report financial results for the fourth quarter and full year ending December 31, 2024 at approximately 6:00 a.m. ET on Wednesday, February 26, 2025. At 8:00 a.m. ET, results will be discussed via live webcast and teleconference.

Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com.

About CLEAR
CLEAR’s mission is to create frictionless experiences. With over 27 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell member data. For more information, visit clearme.com.

Media Contact
CLEAR
media@clearme.com

This press release was published by a CLEAR® Verified individual.

The MIL Network –

February 13, 2025
MIL-OSI: Trident and the Ministry of Posts, Telecommunications, and Digital Technology of the Democratic Republic of the Congo Sign an Agreement for the Implementation of the National Digital Identity System

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Feb. 12, 2025 (GLOBE NEWSWIRE) — Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a leading catalyst for digital transformation in technology optimization services and Web 3.0 activation based in Singapore, today announced the signing of an implementation agreement with the Ministry of Posts, Telecommunications, and Digital Technology of the Democratic Republic of the Congo (“DRC” or the “Republic”). This agreement marks the beginning of the deployment of the national digital identity system.

This preliminary collaboration agreement signifies the operational launch of a comprehensive digital identification and authentication platform in the DRC. It formalizes the initial collaboration between Trident and the Democratic Republic of the Congo, transitioning from strategic planning to contractual execution.

The agreement outlines specific deliverables, including the development and deployment of an integrated digital identity verification and authentication system based on a secure infrastructure for delivering government services.

Furthermore, the system will incorporate robust data protection measures aligned with international standards, ensuring the security and confidentiality of citizens’ information. These fundamental elements aim to revolutionize interactions between citizens and the government, marking a major step toward a digitally integrated nation. This technology will also benefit citizens by enhancing the efficiency and security of government services while ensuring user control and consent.

Statements from Leadership

Soon Huat Lim, Founder, Chairman, and Chief Executive Officer of Trident, stated:

“The signing of this agreement represents a crucial milestone in our mission to provide the citizens of the DRC with secure and accessible digital identity services. By working directly with the Ministry of Posts, Telecommunications, and Digital Technology, we will implement advanced digital identity verification and authentication systems that will serve as the cornerstone of the DRC’s digital transformation. This implementation phase will focus on building a robust infrastructure, ensuring that every citizen can securely access government services through a verified digital identity.”

He added:

“The systems we are developing will establish new standards for digital governance in Africa while creating a replicable model for developing nations. This partnership is a prime example of how innovative technology can be leveraged to drive meaningful change in people’s daily lives.”

H.E. Augustin Kibassa Maliba, Minister of Posts, Telecommunications, and Digital Technology of the DRC, commented:

“The Digital Identity System is a key pillar in modernizing our country through digital transformation. With Trident, we will be able to provide our citizens with secure and efficient access to government services while protecting their personal data through advancements in blockchain technology. This partnership demonstrates our commitment to leveraging innovative solutions for the benefit of all Congolese. By implementing this digital transformation, we are not only building infrastructure but also creating new opportunities for economic growth and social inclusion.”

About Trident

Trident is a leading catalyst for digital transformation in digital optimization, technology services, and Web 3.0 activation worldwide based in Singapore. The Company offers commercial and technological digital solutions designed to optimize its clients’ experience with their end-users by promoting digital adoption and self-service.

Tridentity, the Company’s flagship product, is an innovative and highly secure blockchain-based identity solution designed to provide secure single sign-on authentication capabilities to integrated third-party systems across various industries. Tridentity aims to offer unparalleled security features, ensuring the protection of sensitive information and preventing potential threats, thus promising a new secure era in the global digital landscape in general, and in Southeast Asia etc.

Beyond Tridentity, the Company’s mission is to become the global leader in Web 3.0 activation, notably connecting businesses to a reliable and secure technological platform, with tailored and optimized customer experiences.

Safe Harbor Statement

This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, including the possibility that a definitive agreement will not be concluded as contemplated under the preliminary collaboration agreement discussed in this announcement, and the possibility that the e-GOV system will not materialize as contemplated under the preliminary collaboration agreement or a definitive agreement if and once concluded. A number of factors could also cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the digital solutions market; the political, economic, social and legal developments in the jurisdictions that the Company operates in or in which the Company intends to expand its business and operations; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor and Media Contacts

Investor Relations
Robin Yang, Partner
ICR, LLC
Email: investor@tridentity.me
Phone: +1 (212) 321-0602

Media Relations
Brad Burgess, SVP
ICR, LLC
Email: Brad.Burgess@icrinc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1627fdde-b97d-48f2-b2b9-f50149c37570

The MIL Network –

February 13, 2025

MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: Aviva plc

Source: GlobeNewswire (MIL-OSI)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE / DEALING BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:	AXA Investment Managers S.A.
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Aviva plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	11 February 2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	YES Direct Line Insurance Group plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	32 17/19p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	6,300,736	0.24
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL: AXA Investment Managers does not have discretion regarding voting decisions in respect of 5,951,903 shares that are included in this total.	6,300,736	0.24

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
32 17/19p ordinary	Purchase	1,920	GBP 5.01

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	12 February 2025
Contact name:	Sabrina AID
*Telephone number:**	+33 1 44 45 58 79

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

The MIL Network –

February 13, 2025

MIL-OSI: Phoenix Group’s Bitcoin Mining Revenue Soars 236% YoY, Fuelled by Strategic Global Expansion
Source: GlobeNewswire (MIL-OSI)

Abu Dhabi, United Arab Emirates, Feb. 12, 2025 (GLOBE NEWSWIRE) — Phoenix Group PLC (ADX:PHX), ADX-listed technology leader, today announced a remarkable 236% year-over-year (YoY) surge in revenue for FY 2024, solidifying its position as a driving force in the global digital asset ecosystem.

The company’s mining revenue reached $107 million in 2024, a significant leap from $32 million in 2023 and $5.4 million in 2022. This represents an astounding 1852% increase over two years. This exceptional performance underscores Phoenix Group’s strategic vision and operational excellence in a dynamic market.

Despite industry headwinds, including the Bitcoin halving and a prolonged bearish market until November 2024, Phoenix Group demonstrated resilience and adaptability. The company’s total gross revenue across all verticals reached $206 million. Phoenix Group’s proactive operational efficiencies and strategic initiatives, including global expansion and diversification, have paved the way for sustained profitability and growth.

Commenting on the 2024 results, Munaf Ali, CEO & Co-Founder, stated: “These results are a testament to our unwavering commitment to innovation and strategic growth on a global scale. The past year has been pivotal for Phoenix Group, marked by significant expansion and enhanced profitability. We are not simply navigating the digital asset revolution – we are shaping it. With a strong foundation and a clear vision, we are confident in delivering continued value to our shareholders and stakeholders worldwide.”

The company achieved a total comprehensive income of USD 219 million and a net profit after tax of USD 167 million.

Total assets stood at USD 962 million, along with earnings per share (EPS) recorded at USD 0.028, reinforcing Phoenix Group’s continued profitability and shareholder value growth.

Operational and Financial Highlights during 2024:
- Improved Profitability: Self-mining gross margins rose to 24% in Q4 2024, up from just 5% in Q3 2024, driven by an average 37% increase in Bitcoin price and a 6% improvement in efficiency improvement mainly coming from sites in the US and Canada.
- Processing Power Contribution: Phoenix Group maintained a robust contribution of 15.0 EH/s to the Bitcoin network, with its market share holding steady at 1.9%.
- Expansion and Optimization: The company successfully launched new mining sites in the U.S., Canada, and Oman, adding a total of 160 MW while exiting the CIS region due to regulatory uncertainties.
- Diversification into Digital Assets: Investments expanded into key cryptocurrencies including SOL, ETH, FAH, UNCN, LVLY, and TON, reinforcing Phoenix Group’s diversified growth strategy.
- New Strategic Agreements: Phoenix Group secured agreements for additional sites, including a 132 MW facility in Ethiopia and a 20 MW site in Texas, totalling 152 MW of upcoming capacity.
- Stablecoin Collaboration: Partnered with the Tether Foundation to launch a dirham-backed stablecoin, enhancing the company’s foothold in the broader digital finance ecosystem.
Phoenix Group continues to position itself as a leader in the Bitcoin mining and digital asset sector, leveraging strategic expansion and operational efficiencies to drive sustainable growth.

The company’s preliminary results remain subject to external audit, with audited consolidated financial statements expected by February 14, 2024.

-END-

About Phoenix Group

Phoenix Group, a multi-billion-dollar tech powerhouse headquartered in the UAE, leads the forefront of the blockchain, crypto, and tech revolution, driving innovation to new heights. Phoenix Group operates several mining facilities in the US, Canada, CIS, and the UAE, with each unique company operating in one of four distinct verticals: Mining, Hosting, Trading, and Investments.

Phoenix Group PLC is the region’s first privately owned crypto and blockchain conglomerate listed on the Abu Dhabi Securities Exchange. It also runs the largest mining farm in the MENA region.

Social presence:

X | LinkedIn | Website

Media contact:

Email: ir@phoenixgroupuae.com

The MIL Network –
February 12, 2025
MIL-OSI United Kingdom: UK stands up for working people by boosting economic, clean energy and climate links with India
Source: United Kingdom – Executive Government & Departments

Energy Secretary travels to New Delhi to champion UK businesses, strengthen our partnership with India and accelerate work to tackle climate change.
UK and India agree action to accelerate economic growth from global clean energy transition

Energy Secretary travelled to New Delhi to champion for British interests; supporting UK businesses, increase clean energy investment opportunities and deliver on the government’s Plan for Change

closer working through fourth UK-India Energy Dialogue to boost renewables and cut emissions, protecting British families and businesses from the climate crisis

The UK and India joined forces this week to unlock economic growth from the clean energy transition, supporting new jobs, creating export opportunities and tackling the climate crisis.

During a visit to New Delhi, the Energy Secretary Ed Miliband backed British businesses at India Energy Week – a major international energy event. He met with UK companies who are using their expertise to speed up India’s transition from fossil fuels to clean power, including offshore wind, solar, battery storage and hydrogen.

He met a number of UK companies who are using the UK’s world leading technology to speed up the global clean energy transition, create job opportunities and protect the climate. These include:

Sherwood Power – Sherwood Power has developed energy storage technology that converts excess, low-cost, renewable energy into compressed air and heat. When demand is high, this stored energy is released to generate electricity, reducing grid load and customer costs. The company is based in Richmond, North Yorkshire.

Oomph EV – Oomph EV designs and manufacture a range of rapid, mobile, electric vehicle charging solutions. They are addressing the Indian market with a view to local manufacture. They offer hardware, software and data services to the global EV market and are based in Cambridge.

Flock Energy – London based Flock Energy is building the digital infrastructure for the global energy transition. Using advanced AI, Flock Energy enables energy providers to analyse customer energy data usage in detail, all on one digital platform, to improve demand forecasting, demand-side management and energy efficiency.

Venterra Group – Venterra Group, established in 2021, is a London based offshore wind services company. Venterra operates globally with over 700 employees and specialises in providing comprehensive technical services across the wind farm lifecycle to reduce project risks, time, and costs.

India is one of the fastest growing economies in the world and one which is projected to be the fourth largest global importer by 2035. Delivering on the UK Government’s Plan for Change, the Energy Secretary used his visit to increase UK clean energy investment opportunities and place British businesses at the forefront of the global race for renewables.  

As one of the world’s biggest emitters, working with India on clean energy and climate is crucial to protecting British families and businesses from the threat of climate change. Increasing investment in renewables and clean technology supports the government’s mission to become a clean energy superpower, protecting households from unstable fossil fuel markets and helping keep bills down for good.

Energy Secretary Ed Miliband said:

We are standing up for the British people by fighting for investment into our country, and setting the example for all countries play their part in protecting our planet for future generations.

The UK and India are strengthening our partnership under our Plan for Change to unlock investment and accelerate the global transition to clean, secure, affordable energy.

Both our countries are determined to address the climate emergency to protect our way of life, while reaping the rewards of the industrial and economic opportunity of our time.

The Energy Secretary took part in the fourth UK-India Energy Dialogue with India’s Minister of Power Manohar Lal Khattar, and met with G20 Sherpa Amitabh Kant.

Both countries agreed:

a new shared ambition on offshore wind, including a UK-India Offshore Wind Taskforce to drive the progress needed across the offshore wind supply chains and financing models

funding to reform in India’s power sector to support decarbonisation through UKPACT, which aims to deliver grid transformation as part of India’s renewables rollout

an extension of the bilateral Accelerating Smart Power and Renewable Energy in India (ASPIRE) programme, which will work to deliver round-the-clock power supply, accelerate industrial decarbonisation and roll out renewables

This builds on the UK and India’s close collaboration to tackle climate change through innovation agreed as part of the Technology Security Initiative in 2024, from using AI to increase resilience, to bringing together experts to safeguard the critical minerals needed for renewable technologies like wind turbines and batteries.

Talks come ahead of expected negotiations with India on a Free Trade Agreement and Bilateral Investment Treaty, led by the Business and Trade Secretary, at the end of the month.

Striking a deal would increase economic growth across both countries, facilitating the trade of renewable technologies and sustainable materials, supporting the government’s mission to become a clean energy superpower.

There are over 950 Indian-owned companies in the UK and over 650 UK companies in India supporting over 600,000 jobs and driving innovation across both economies.

Engagement with India comes ahead of COP30, due to take place in Brazil later this year, where both countries will be pushing for ambitious outcomes to address the climate emergency.

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Published 12 February 2025
MIL OSI United Kingdom –
February 12, 2025
MIL-OSI Russia: Yuri Trutnev visited the Jewish Autonomous Region

Translartion. Region: Russians Fedetion –

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

As part of a working visit to the Jewish Autonomous Region, Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev held a meeting on issues of socio-economic development of the Jewish Autonomous Region, inspected the regional hospital, and familiarized himself with the construction of a new bridge across the Bira.

Yuri Trutnev held a meeting on the socio-economic development of the Jewish Autonomous Region

February 12, 2025

Yuri Trutnev held a meeting on the socio-economic development of the Jewish Autonomous Region

February 12, 2025

Yuri Trutnev held a meeting on the socio-economic development of the Jewish Autonomous Region

February 12, 2025

Yuri Trutnev inspected the regional hospital in the Jewish Autonomous Region

February 12, 2025

Yuri Trutnev inspected the regional hospital in the Jewish Autonomous Region

February 12, 2025

Yuri Trutnev inspected the regional hospital in the Jewish Autonomous Region

February 12, 2025

Yuri Trutnev inspected the regional hospital in the Jewish Autonomous Region

February 12, 2025

Construction of a motorway

February 12, 2025

Construction of a motorway

February 12, 2025

Working visit of Yuri Trutnev to the Jewish Autonomous Region

February 12, 2025

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Yuri Trutnev held a meeting on the socio-economic development of the Jewish Autonomous Region

“A new team has arrived in the Jewish Autonomous Region, headed by Maria Fedorovna Kostyuk. We have already had the opportunity to communicate with colleagues some time ago, exchange opinions, and highlight the main development priorities. The region is not simple. It needs to be supported, it needs to be helped. At the same time, some prerequisites for future development in the region are already visible today. The constructed cross-border railway bridge Nizhneleninskoye – Tongjiang creates opportunities for new logistics routes and cargo handling. We are preparing to implement the President’s instruction on master plans for Far Eastern cities. It is planned to allocate 554 billion rubles for 57 events of all Far Eastern master plans, 115 billion rubles have already been allocated. Further work will be carried out within a month,” Yuri Trutnev opened the meeting.

Acting Governor of the region Maria Kostyuk reported on the main directions of socio-economic development of the Jewish Autonomous Region. “First of all, investments in the Jewish Autonomous Region should bring real benefits to residents. It is important not only to replenish the regional budget, but also to solve people’s problems: to build residential buildings, create new jobs and convenient infrastructure. The priority is precisely those projects that, with the involvement of federal funds, will help to significantly improve life in the autonomy,” said Maria Kostyuk.

The regional investment projects were presented, which envisage the development of the bridgehead area near the Nizhneleninskoye – Tongjiang railway bridge, the development of a port cluster for handling bulk cargo and containers on the Amur River, the development of the Topolikhinsky section of the Soyuznoye graphite deposit (OOO Dalgrafit), the creation of a single metallurgical cluster based on the Kimkano-Sutarsky Mining and Processing Plant (OOO Kimkano-Sutarsky GOK), and the development of the Savkinskoye brucite deposit (OOO Russian Mining and Chemical Society).

The meeting reviewed the implementation of the construction of multi-apartment residential buildings in the region under the Far Eastern Quarter program. In June 2023, JSC KRDV and the winner of the competitive selection, DV-Region Invest LLC, signed an agreement on the implementation of activities for the construction of capital construction projects intended for the placement of residential premises in the Amuro-Khinganskaya advanced development area. The project provides for the construction of multi-apartment residential buildings with a total area of 178.9 thousand square meters, including 176.7 thousand square meters of social housing. In total, the project provides for 72 residential sections with a variable number of storeys – 7-10 floors. The approximate number of apartments is 2945 for 8834 people.

As part of the state support for the implementation of the Far Eastern Quarter program in the Jewish Autonomous Region, it is envisaged to finance the construction of infrastructure – water drainage and water supply networks, a highway and technological connection to utility networks at the expense of the federal budget. The project is being implemented in three stages. The commissioning of the first stage (at least 44 thousand square meters) is expected by the end of 2028. The commissioning of the entire residential complex is planned for the end of 2032. Currently, design and estimate documentation is being developed.

“To implement the Far Eastern Quarter program, it is important to adjust the rules in the area of pricing per square meter. According to the Ministry of Construction, a solution will be found – so that the target price allows the investor to implement this project,” noted the Minister for the Development of the Far East and the Arctic, Alexey Chekunkov.

The implementation of the Far Eastern Concession program in the region was discussed. “We will continue to support large-scale projects that have already been approved under the Far Eastern concession. This includes the reconstruction of the bridge across the Bira River and the construction of an overpass,” explained the head of the Ministry for the Development of the Russian Far East.

Summing up, Yuri Trutnev emphasized the importance of attracting investments to the Jewish Autonomous Region. “The development of the Far East regions is based on new investment projects and attracting investments. Such work is being carried out in the Jewish Autonomous Region, but the region is not yet among the leaders in this indicator. This means only one thing: work with investors must be continued and every project must be helped. Therefore, Maria Fedorovna and the entire team that she leads have a lot of work ahead of them, in which we will obviously help in any way we can,” Yuri Trutnev concluded.

In Birobidzhan, the Deputy Prime Minister inspected the main medical institution of the region. The modernization of the material and technical base of the Regional Hospital has been implemented since 2018 as part of the social development plan for economic growth centers in the Jewish Autonomous Region. The presidential unified subsidy was used to repair and equip the regional vascular center, X-ray diagnostic rooms, purchase medical equipment to open a second-stage neonatal care department, purchase a CT machine, other high-tech equipment and furniture, and ambulances. Six out of 12 clinical departments of the regional hospital have been renovated. The roof has been repaired, windows have been replaced, construction and installation work on the oxygen supply system has been completed with the installation of equipment, the facade has been repaired, special clothing and soft inventory, kitchen utensils, furniture, and equipment have been purchased.

The modernization of the main medical institution of the autonomy will continue. More than 300 million rubles have been allocated from the federal budget for 2024-2026. At the moment, the diagnostic department and the central entrance group are being renovated. The elevators have already been launched. Furniture is being purchased for the full functioning of the renovated departments. The measures taken have significantly improved the quality of medical care in the institution.

On the same day, Yuri Trutnev visited the construction site where a new bridge across the Bira is being built and a modern transport corridor is being constructed from the federal highway “Amur” to the bridge crossing Nizhneleninskoye – Tongjiang. Both projects are part of the long-term plan for the development of the urban agglomeration.

The decision to allocate federal funds to the region for the modernization of transport infrastructure was made in September 2024 at a meeting of the Presidium of the Government Commission on the Socioeconomic Development of the Far East, headed by Yuri Trutnev. More than 18.9 billion rubles are needed for the construction of transport infrastructure facilities. Most of these funds – 17.1 billion rubles – were allocated to the region from the federal budget. This includes design work for all facilities.

The first project is the construction of a new bridge across the Bira River, which will connect the two parts of Birobidzhan. The old bridge was built in 1962, traffic on it is limited. Now the infrastructure of the existing bridge is also used for heat supply, a heating main has been installed under it to provide heat to 20 thousand residents of the southern part of the city, as well as to provide new housing construction. The new bridge will be located on the site of the old one. Its length will be 350 m, access roads will be built and coastal protection works will be carried out.

The second project is the construction of a transport corridor from the federal highway “Amur” to the bridge crossing Nizhneleninskoye – Tongjiang. A road will be built that will directly connect the regional highway with the federal highway “Amur”. The project also provides for the construction of a bridge crossing over the Ikura River, overpasses over the Trans-Siberian Railway on the Birobidzhan-1 – Ikura section and the Leninskaya railway line on the Birobidzhan-1 – Birobidzhan-2 section, as well as the construction of an overpass in the area of the village of Ptichnik near Sovetskaya Street.

The concession agreements were signed in December last year. The concession agreement on the reconstruction of the Birobidzhan-Ungun-Leninskoye road (km 0 – km 8) and the construction of an overpass in the area of the village of Ptichnik was signed between the government of the Jewish Autonomous Region and IFR-Vostok 2 LLC. The concession agreement on the design, construction and operation of the bridge crossing over the Bira River in Birobidzhan was concluded with IFR-Vostok 1 LLC. Since January 2025, the designers have begun design and survey work.

It is expected that the implementation of the projects will have a positive impact on transport accessibility, will reduce the time of arrival of emergency services and the level of accidents on the roads, will increase the pace of construction in the region, including under the Far Eastern Quarter program. Also, within the framework of the implementation of concession agreements, new jobs will be created in the region.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

February 12, 2025
MIL-OSI: DDB Miner Launches Exclusive $12 Signup Bonus & New Mining Plans for 2025
Source: GlobeNewswire (MIL-OSI)

BIRMINGHAM, United Kingdom, Feb. 12, 2025 (GLOBE NEWSWIRE) — DDB Miner, a leading cloud mining platform, is revolutionizing passive income opportunities by introducing an exclusive $12 signup bonus and enhanced mining plans for 2025. Designed to make cryptocurrency mining accessible to everyone, these updates provide users with an easy and sustainable way to generate daily earnings using Bitcoin (BTC) and Dogecoin (DOGE).

With over 9 million members worldwide, DDB Miner has established itself as a trusted name in the industry. Utilizing cutting-edge cloud mining technology powered by solar energy, the platform ensures efficiency, security, and long-term profitability for its users.

New Mining Plans & Earnings Potential

To cater to a wide range of investors, DDB Miner has launched flexible new mining plans with guaranteed daily returns:
- Starter PlanInvestment: $12 (with $12 Welcome Bonus)
  Daily Return: $0.5
  Ideal for: Beginners looking to explore cloud mining risk-free.
- Boosted Hash PowerInvestment: $100
  Daily Return: $6
  Ideal for: Users seeking steady and reliable profits.
- Top Hash Power
  
  Investment: $500
  Daily Return: $31.5
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With these flexible options, users can scale their investments and earn up to $9,999 per day through strategic mining plan upgrades.

Why Choose DDB Miner?

DDB Miner stands out from traditional mining solutions by offering a seamless and energy-efficient cloud mining experience. Key benefits include:
- Low Entry Barrier: Start mining with as little as $12 and receive a bonus upon registration.
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How to Get Started
1. Sign Up & Claim Your Bonus: Register on DDB Miner and receive an instant $12 welcome gift.
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Security and Transparency

DDB Miner prioritizes user security with robust safety measures, including:
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To maximize earnings, consider these strategies:
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Industry Recognition and Growth

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Future Roadmap

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Join the Future of Mining Today

DDB Miner continues to redefine financial independence by merging innovative mining technology with sustainability. Whether you’re a beginner or a seasoned investor, this is your chance to be part of a growing community benefiting from hassle-free cryptocurrency mining.

Sign up today, claim your $12 bonus, and start your journey towards financial freedom. For more details, visit: https://ddbminer.com/

Media Contact:
Katerina Audrey
DDB Miner Media Relations
Email: info@ddbminer.com

Website: https://ddbminer.com/xml/index.html#/

Disclaimer: This press release is provided by “DDB Miner”. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/e082ff31-09ba-40d3-916b-0a8e6c0555f8

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The MIL Network –
February 12, 2025
MIL-OSI Submissions: Pacific – Nauru citizenship program CEO backs Waqa comments to rethink climate financing

Source: Nauru Economic and Climate Resilience Citizenship Program

The chief executive of the Nauru Economic and Climate Resilience Citizenship Program has echoed calls by Pacific Islands Forum Secretary General Baron Waqa for private finance to play a greater role in supporting Small Island Developing States (SIDS).

Edward Clark said SG Waqa’s comments, made at the 2025 OECD Conference on Private Finance for Sustainable Development last week where he pointed out that “Capital flows have reached unprecedented levels, yet far too little is reaching SIDS”, should be a wake-up call for vulnerable nations.

In his address Mr Waqa said climate-conscious investors should be “willing to look beyond traditional financial metrics.”

Mr Clark said Pacific Islands and other vulnerable island nations should no longer view themselves as passive recipients of climate funding, but think differently in their approach to climate resilience.

“Climate vulnerable countries must be viewed as the new incubators for climate innovation.

“We have both a need and a right to be prosperous in the face of a global climate emergency, and there is an urgent need to ensure we disproportionately benefit from climate innovation.

He labelled Nauru’s new citizenship program and Niue’s Ocean Wide Trust as examples of “innovative, cost-effective solutions to address these challenges.

“Our citizenship program is a way of opening Nauru to the world and enabling citizenship in a nation actively working towards climate resilience.

“It’s for those who want to support Nauru’s sustainable development initiatives.”

Pointing to Nauru’s ambitious ‘Higher Ground Initiative’ that will see the relocation of 90 per cent of the country’s population to the ‘topside’ of the island, pioneering an entirely new community, Mr Clark said the nation was “the world’s smallest republic with the world’s biggest climate resilience vision.”

“This is a monumental task and one well beyond the normal financial capability of Nauru.”

Mr Clark, who has a background in compliance and financial crime investigation, said Nauru’s program adheres to Financial Action Task Force standards and undergoes the strictest and most thorough due diligence procedures.

“Only individuals of the highest calibre who can participate in shaping Nauru’s future will be accepted.”

This program is about joining a community dedicated to pioneering solutions for global challenges, and is an example of the bold and transformative action vulnerable nations must take to survive.”

MIL OSI – Submitted News –

February 12, 2025
MIL-OSI: Intapp opens Lisbon Research and Development Centre

Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms today announced that it has opened a new office in Lisbon, Portugal. The Lisbon Research and Development (R&D) Centre will be an innovation hub for the Intapp R&D team based in western Europe. There they will help develop the Intapp vertical AI solutions that top global accounting, consulting, investment banking, legal, private capital, and real assets firms rely on for modernization and growth.

“We’re excited to open the Lisbon R&D Centre,” said Michele Murgel, Chief People and Places Officer at Intapp. “Our first priority is to build a world-class team that will develop new solutions that bring the power of automation and intelligence to professional and financial services firms. Lisbon’s tech ecosystem — including top engineering and tech talent –– along with its reputation for innovation and a vibrant community — make it the perfect location for our innovation hub.”

Intapp has more than 10 professionals already working in Portugal, and is currently recruiting for 15 additional roles. Many of these roles will focus on R&D, including front- and back-end developers, quality assurance specialists, application security professionals, and DevOps engineers. Support, services, and operational roles are also open.

Intapp’s Lisbon R&D Centre will also offer an internship program in 2025 to provide engineering and computer science students with hands-on project experience, and to develop a pipeline of entry-level talent.

“We’re thrilled to launch our internship program at Intapp’s Lisbon R&D Centre. It provides a unique opportunity for talented students to gain hands-on experience with the latest technology,” said Hugo Sampaio, Director of Product Development Operations and Strategy at Intapp. “This program allows us to mentor the next generation of innovators while benefiting from fresh perspectives that drive creativity and enhance our AI-powered solutions.”

“We are delighted with Intapp’s decision to locate its new R&D Centre in Lisbon. This new venture reflects confidence in Portugal and exemplifies the type of projects AICEP aims to attract — ventures that add value to our economy and leverage the exceptional quality of local talent,” said Ricardo Arroja, Chairman & CEO of AICEP – Portugal Trade & Invest. “In Lisbon, Intapp will find a local vibrant and multicultural ecosystem, where talent plays a strategic role in the success of ventures such as the new R&D Centre. We are confident that the services and products developed locally will have a global impact and contribute to further develop Intapp’s product portfolio. We wish all the best to Intapp’s Lisbon R&D Centre. Bem-vindos!”

Intapp’s Lisbon R&D Centre is located in Parque das Nações, a vibrant area in the heart of Lisbon’s tech corridor. Intapp chose Parque das Nações for its blend of modern infrastructure, accessibility, and technological innovation. Well located near Oriente Station, and surrounded by green spaces and a scenic riverside promenade, the area offers a perfect balance of convenience and leisure.

As a hub for tech companies and startups, Parque das Nações fosters a dynamic professional community, making it an ideal location for Intapp. The office’s open-concept design encourages collaboration, while modern meeting rooms and workspaces — equipped with advanced technology and ergonomic standing desks — reflect Intapp’s commitment to innovation and employee well-being.

Since going public in 2021, Intapp has expanded to over 1,200 employees globally across North America, Europe, and Asia Pacific. Intapp’s culture emphasizes accountability, responsibility, and growth in a diverse, inclusive, and collaborative environment. Team members support each other in a positive, open atmosphere that fosters creativity, approachability, and teamwork. The company is committed to creating a modern work environment that’s connected yet flexible, supporting both professional success and work-life balance.

About Intapp
Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and LinkedIn.

Contact:
Ali Robinson
Global Media Relations Director
press@intapp.com

The MIL Network –

February 12, 2025
MIL-OSI United Nations: Global financial reform addresses challenges facing developing nations: UN deputy chief

Source: United Nations MIL OSI b

3 December 2024 SDGs

Decisive action is needed to address the financial challenges facing developing nations, UN Deputy Secretary-General Amina Mohammed said on Tuesday in remarks to the Second Preparatory Committee for the Forth International Conference on Financing for Development (FfD4).

The four-day meeting at UN Headquarters began with discussions on international debt architecture, feminist fiscal policy for Sustainable Development Goals (SDGs) and global tax reform.

“The SDGs have stalled,” Ms. Mohammed said, emphasising that their revival depends on “unlocking the scale and quality of finance required to power investments, loosening the grip of debt service that is crippling dozens of countries and protecting economies from external shocks”.

Preparation for Seville Conference 2025

This preparatory meeting, which follows a first session in Addis Ababa in July, has already generated nearly 300 stakeholder contributions ahead of the main conference scheduled for June 2025 in Seville, Spain.

These inputs have informed an Elements Paper containing proposals for transformative change across the Addis action areas, which will be central to discussions at the main conference next year.

Key proposals for financial reform

Ms. Mohammed outlined several key proposals under consideration. A central focus is domestic resource mobilisation, which she described as “the core of development financing and the compact between citizens and states”.

One concrete proposal calls for ensuring all developing countries can raise their tax-to-GDP ratio above 15 per cent. The conference is also tackling the challenge of private investment mobilisation.

“After 10 years of billions-to-trillions discussions, we still don’t see results at the scale or impact required,” Ms. Mohammed emphasised, calling for firm commitments “to do better on blending: to focus on impact, to utilise instruments at scale and to align with national priorities”.

[embedded content]

Reforming financial architecture

The Deputy Secretary-General also highlighted the FfD4’s important role in fulfilling the vision articulated in the recently adopted Pact for the Future on financial architecture reform. Ms. Mohammed called for “bold ambition to create a debt architecture that truly empowers sustainable development”.

Proposals for this include “expanding the capital bases of Multilateral Development Banks” she said.

The conference also aims to transform Special Drawing Rights to make them more effective for future crises response.

Concrete action needed in the future

A key focus will be strengthening the voice and representation of developing countries in International Financial institutions. “This would be real and transformative change,” Ms. Mohammed said.

Additionally, she stated that “we must pledge concrete actions to strengthen the voice and representation of developing countries in International Financial Institutions, ensuring that they become genuinely inclusive and more effective”.

The Deputy Secretary-General also called on participants to “push boundaries” and ensure that reforms match the ambition needed for the 2030 Agenda for Sustainable Development, adopted nearly a decade ago.

“Together, let us honour our 2015 commitments for a more sustainable, peaceful and prosperous world for all,” she concluded.

MIL OSI United Nations News –

February 12, 2025
MIL-OSI Europe: EU invests €200 billion in AI

Source: European Union 2

The EU has launched a new initiative to boost AI in Europe, InvestAI. This will mobilise €200 billion for investment in the sector, including in AI gigafactories. A large AI infrastructure will allow open, collaborative development of the most complex AI models and make Europe an AI continent.

MIL OSI Europe News –

February 12, 2025
MIL-OSI United Nations: From Declaration to action: Antimicrobial resistance initiatives centre stage at Jeddah conference

Source: United Nations MIL OSI b

14 November 2024 Health

Antimicrobial resistance initiatives are back in the spotlight as stakeholders gather in Jeddah, on the Saudi Arabian coast, a few months after a high-level meeting in New York led to the unanimous adoption of a political declaration by the UN General Assembly. With that declaration the 193-member body pledged concerted action against the under-recognized but serious health concern.

Concerned parties from around the world gathered on Thursday at the Ritz-Carlton in the Red Sea city ahead of the 4^th Global Ministerial Conference on AMR for a session focused on non-state actors – non-governmental organizations, private sector, academia and others – to work across sectors to address “one of the most urgent global health threats and development challenges”.

The conference is expected to bring together representatives of 57 states, including 48 Ministers and Vice-Ministers, and more than 450 participants from leading international and civil society organizations, including UN offices and agencies.

The aim is to move from “declaration to implementation” through multisectoral partnerships in the combat against antimicrobial resistance, which has had disastrous effects on health, economies, and societies, particularly in low- and middle-income countries.

A silent pandemic

When bacteria, viruses, fungi, and parasites stop responding to antimicrobial medications, it’s known as antimicrobial resistance. Drug resistance raises the risk of disease transmission, serious sickness, disability, and death by making antibiotics and other antimicrobial medications ineffective and making it harder or impossible to treat infections.

In the political declaration adopted by the General Assembly, world leaders agreed to reduce the estimated five million human deaths associated with AMR annually by 10 per cent by 2030. They further called for sustainable national financing and $100 million in catalytic funding, to help achieve a target of at least 60 percent of countries having funded national action plans on AMR by 2030.

It also formalized the Quadripartite Joint Secretariat on Antimicrobial Resistance, which includes the UN World Health Organization (WHO), the UN Development Programme (UNEP) and the UN Food and Agriculture Organization (FAO) along with the World Organization for Animal Health (WOAH), as the central coordinating structure to support the global response.

Minsitry of Health/Saudi Arabia

Opening session of AMR, the urgent global health and socioeconomic crisis that threatens all age groups in all regions, especially with low- and middle-income countries most affected.

Saudi Minister of Health Fahad Al-Jalajel has stressed the need to adopt a “One Health” approach that systematically addresses the obstacles hindering progress as AMR impacts humans, animals, and the environmental alike. “The Jeddah meeting is a crucial opportunity to strengthen our collective global response to the risks of this growing, silent pandemic”, he has said.

The meeting will address priorities, including surveillance and stewardship, capacity building, funding provision, governance, innovation, research and development.

UN News/Nabil Midani

Political commitment at the highest level

UN News is in Jeddah covering this global conference and spoke to Kathrine Urbaez, Executive Director of the Geneva-based non-governmental organization (NGO), Health Diplomacy Alliance.

The Alliance focuses on advocacy and diplomacy to advance global health issues. She told us that the COVID-19 pandemic has proven the vital importance of ‘One Health’ policies and of garnering cooperation and awareness across sectors and stakeholders.

Ms. Urbaez underscored the need to move from commitments to practical actions and added that the General Assembly’s Political Declaration and the Jeddah Conference are great steps in the right direction, and what is needed is to ensure that the political momentum continues. The Executive Director insisted that implementing commitments is feasible if there is a political will to do so, and establishing “a monitoring and accountability mechanism” is key.

She added: “We have to see antimicrobial resistance from a really holistic global health perspective. I think it is important to have the involvement of politicians at the highest level, not only Ministers of Health, Environment, Agriculture or Finance. We really need political commitment to advance AMR policies and to engage in the one health approach”.

More than a health threat

The complexity of the issue, a lack of funding, and political will in some nations “with the competing health issues that governments have to grapple with” have made it difficult to move from policy documents to action, according to Julian Nyamupachitu, Deputy Director of ReAct Africa, a global network that works to catalyze action on AMR primarily in low- and middle-income countries.

UN News/Nabil Midani

As countries are reviewing and weighing new national plans, Ms. Nyamupachitu said ReAct Africa is helping them prioritize activities that are more practical, and use tools that are available to them to help inform their policy making, such as the WHO costing and budgeting tool.

The Deputy Director said the Political Declaration was an improvement over its 2016 predecessor, but it would have been “good to see commitments, and not just targets” on funding.

She said the theme “moving from declaration to implementation” is very timely and she hoped to see a serious commitment by Ministers in Jeddah.

“I believe awareness has been raised. They have appreciated the statistics that have been shared. This is indeed a global health threat, not just affecting the health sector, not just affecting the agriculture, environment, and animal sectors, but it’s actually an economic problem as well”, she added.

‘The antibiotics market is broken’

Michiel Peters is the Secretariat Representative of the AMR Industry Alliance, which includes companies and industry organizations in the fields of research and development (R&D), pharmaceuticals, generics, biotech and diagnostics. He also represents the broader private sector on the AMR Multi-Stakeholder Partnership Platform Steering Committee, which was established and is facilitated by the four organizations supporting the global response.

UN News/Nabil Midani

Mr. Peters said antibiotics are “fundamentally different” than any other product brought to market “where your goal would be to sell as much of it as possible”. He said with antibiotics, the goal is to get the “right drug to the right person when they need it”, which is not always a lucrative business. He also noted that developing antibiotics requires an “incredible amount of time and investment” and in many cases the drugs don’t reach the market, and so “the marketplace for antibiotics is broken”.

Mr. Peter’s added that there is a serious lack of government funding and incentives for antibiotic R&D, but the larger concern is that “the researchers actually needed to do the science in the laboratories are leaving this field”, as opposed to diseases like cancer, for example, where research is strong.

The private sector representative said a lot of progress was made since the first High-Level Meeting on AMR took place in 2016, but there is still so much more to do and “nobody can tackle this problem alone”.

He said the Jeddah conference and the plenary meeting for the Multi-Stakeholder Partnership Platform, running in parallel on the closing day, are both very important to see “not just what we can put on paper, but what it is that we are actually going to do”.

MIL OSI United Nations News –

February 12, 2025
MIL-OSI: Notice of the Annual General Meeting of WithSecure Corporation
Source: GlobeNewswire (MIL-OSI)

WithSecure Corporation, Stock Exchange Release, 12 February 2025, 10:00 EET

Notice of the Annual General Meeting of WithSecure Corporation

The shareholders of WithSecure Corporation are invited to the Annual General Meeting, which will be held on Tuesday, 18 March 2025 starting at 3:00 p.m. EET.

The meeting will be held as a hybrid meeting in accordance with chapter 5, section 16(2) of the Finnish Limited Liability Companies Act (624/2006, as amended, the ‘Companies Act’), so that shareholders may exercise their shareholder rights fully during the meeting either via remote connection or at the meeting venue at event venue Bysa in Clarion Hotel Helsinki at the address Tyynenmerenkatu 2, 00220 Helsinki. Shareholders may also exercise their voting rights by voting in advance.

The reception of persons who have registered for the meeting and the pre-meeting coffee service will commence at the meeting venue at 2:15 p.m. EET. The participants of the General Meeting are welcome to enjoy meeting refreshments before the meeting. Instructions concerning participation via remote connection are provided in section C. 2. of this notice and instructions concerning advance voting in section C. 3.

After the meeting, the participants of the General Meeting have the opportunity to participate in guided tours at the Museum of Malware Art and the new office premises, both of which are located at the Company headquarters at the address Välimerenkatu 1, 00180 Helsinki.

A. Matters on the agenda of the General Meeting

1. Opening of the meeting

2. Calling the meeting to order

3. Election of the person to scrutinise the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Presentation of the annual accounts, the consolidated annual accounts, the report of the Board of Directors as well as the auditor’s report and the assurance report on sustainability reporting for the year 2024

The CEO will give a review of the year 2024 and tell about the Company’s prospects for the year 2025.

WithSecure Corporation’s annual review, including WithSecure Corporation’s annual accounts, consolidated annual accounts, report of the Board of Directors as well as the auditor’s report and the assurance report on sustainability reporting, shall be available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance as of 12 February 2025.

7. Adoption of the annual accounts and the consolidated annual accounts

The Board of Directors proposes that the General Meeting adopts the annual accounts and the consolidated annual accounts for the financial year 1 January 2024–31 December 2024.

8. Resolution on the use of the loss shown on the balance sheet and the distribution of dividend

The Company’s dividend policy is to pay approximately half of its profits as dividends. Subject to circumstances, the Company may deviate from this policy. On 31 December 2024, WithSecure Corporation’s distributable funds totalled EUR 77.5 million of which the net result for the financial year was EUR -44.0 million. No material changes have taken place in the Company’s financial position after the end of the financial period.

The Board of Directors proposes that no dividend will be paid for 2024 due to the loss-making result of the year. The Company will focus on funding its growth and developing the business. The net loss for the year is retained in the shareholders’ equity.

9. Resolution on the discharge of the members of the Board of Directors and the CEO from liability

10. Consideration of the remuneration policy for governing bodies

The previous specified version of the remuneration policy has been considered and approved as an advisory resolution by the Annual General Meeting on 24 March 2021.

The remuneration policy for governing bodies shall be available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance as of 12 February 2025 at the latest.

11. Consideration of the remuneration report for governing bodies

The remuneration report for governing bodies shall be available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance on 12 February 2025 at the latest.

12. Resolution on the remuneration of the members of the Board of Directors

The Board of Directors proposes upon recommendation of the Personnel Committee that the annual remuneration of the Board of Directors shall remain unchanged and be paid as follows: EUR 80,000 for the Chairman of the Board of Directors, EUR 48,000 for the Committee Chairmen, EUR 38,000 for the members of the Board of Directors and EUR 12,667 for a member of the Board of Directors employed by the Company. Approximately 40% of the annual remuneration be paid as the Company’s shares acquired on the Board members’ behalf. The commission for acquiring the Company shares will be given immediately after the publication of the interim report for the period 1 January–31 March 2025. The Company will be responsible for the possible transaction costs and possible transfer tax levied in connection with purchase of the shares.

According to the proposal, the travel expenses and other costs of the members of the Board of Directors directly related to board work are paid in accordance with the Company’s compensation policy in force from time to time. Each member of the Board of Directors is paid a predetermined travel fee in addition to travel expenses for meetings held outside their country of residence in accordance with the Company’s travel policy in force from time to time. According to the travel policy, a separate travel fee of EUR 1,000 is paid to the members of the Board of Directors who travel from another European country to attend an on-site meeting. The travel fee is EUR 2,000 for intercontinental travel. No separate travel fee is paid to a member of the Board of Directors employed by the Company. In addition, the Chairman of the Board of Directors is offered assistant and administrative services.

13. Resolution on the number of members of the Board of Directors

The Board of Directors proposes upon recommendation of the Personnel Committee that the number of members of the Board of Directors be seven (7).

14. Election of members of the Board of Directors

The Board of Directors proposes upon recommendation of the Personnel Committee that Risto Siilasmaa, Amanda Bedborough, Niilo Fredrikson, Ciaran Martin, and Tuomas Syrjänen are to be re-elected as ordinary members of the Board of Directors and that Mervi Kerkelä-Hiltunen and Artturi Lehtiö, who is employed by WithSecure Corporation, are to be elected as new members of the Board of Directors. Of the current Board members, Harri Ruusinen and Kirsi Sormunen have stated that they will no longer be available as Board members.

The Board member candidates’ CVs and assessments of independence are available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance.

15. Resolution on the remuneration of the auditor

The Board of Directors proposes upon recommendation of the Audit Committee that the remuneration to the auditor be paid in accordance with the approved invoice.

16. Election of the auditor

The Board of Directors proposes upon recommendation of the Audit Committee that audit firm PricewaterhouseCoopers Oy be re-elected as auditor of the Company. PricewaterhouseCoopers Oy has stated that Mr Jukka Karinen, APA, will act as the responsible auditor.

17. Resolution on the remuneration of the authorised sustainability auditor

The Board of Directors proposes upon recommendation of the Audit Committee that the remuneration of the authorised sustainability auditor be paid in accordance with the approved invoice.

18. Election of the authorised sustainability auditor

The Board of Directors proposes upon recommendation of the Audit Committee that PricewaterhouseCoopers Oy be elected as the Company’s authorised sustainability auditor. PricewaterhouseCoopers Oy has stated that Mr Jukka Karinen, ASA, will act as the responsible authorised sustainability auditor.

19. Authorising the Board of Directors to resolve on the repurchase of the Company’s own shares

The Board of Directors proposes that the General Meeting authorise the Board of Directors to resolve upon the repurchase of a maximum of 17,609,870 of the Company’s own shares in total. The proposed maximum amount equals to approximately 10% of all the shares in the Company, in one or several tranches with the Company’s unrestricted equity.

The authorisation entitles the Board of Directors to resolve on the repurchase also in deviation from the proportional holdings of the shareholders (directed repurchase). The authorisation comprises the repurchase of shares either in the public trading or otherwise in the market at the trading price determined for the shares in public trading on the date of purchase, or with a purchase offer to the shareholders, in which case the repurchase price must be the same for all shareholders. The Company’s own shares shall be repurchased to be used for carrying out acquisitions or implementing other arrangements related to the Company’s business or for optimising the Company’s capital structure, to be used as part of the implementation of the Company’s incentive scheme or otherwise to be transferred further or cancelled. The authorisation includes the right of the Board of Directors to resolve on all other terms related to the repurchase of the Company’s own shares.

The Board of Directors proposes that the authorisation be valid until the conclusion of the next Annual General Meeting, in any case no later than until 30 June 2026. The Board of Directors proposes that this authorisation terminate the authorisation given to the Board of Directors by the Annual General Meeting of 20 March 2024 concerning the repurchase of the Company’s own shares.

20. Authorising the Board of Directors to resolve on the issuance of shares as well as the issuance of options and other special rights entitling to shares

The Board of Directors proposes that the General Meeting authorise the Board of Directors to resolve on the issuance of a maximum of 17,609,870 shares in total through a share issue as well as by issuing options and other special rights entitling to shares pursuant to chapter 10, section 1 of the Companies Act in one or several tranches. The proposed maximum number of the shares corresponds to approximately 10% of all shares in the Company. The authorisation concerns both the issuance of new shares and the transfer of treasury shares held by the Company.

The authorisation entitles the Board of Directors to resolve on all terms related to the share issue as well as the issuance of options and other special rights entitling to shares. The issuance of shares may be carried out in deviation from the shareholders’ pre-emptive subscription right (directed issue). The authorisation may be used for potential acquisitions or other arrangements, for share-based incentive schemes or otherwise for purposes resolved by the Board of Directors. Of the authorisation, a maximum of 2,000,000 shares may be used as part of the above-mentioned share-based incentive schemes, which corresponds to approximately 1% of all shares in the Company.

The Board of Directors proposes that the authorisation be valid until the conclusion of the next Annual General Meeting, in any case no later than until 30 June 2026. The Board of Directors proposes that this authorisation terminate the authorisation given to the Board of Directors by the Annual General Meeting of 20 March 2024 concerning the issuance of shares as well as the issuance of options and other special rights entitling to shares.

21. Closing of the meeting

B. Documents of the General Meeting

The resolution proposals for the matters on the agenda of the General Meeting mentioned above and this notice are available on WithSecure Corporation’s website at www.withsecure.com/en/about-us/investor-relations/governance. WithSecure Corporation’s annual review including the Company’s annual accounts, consolidated annual accounts, the report of the Board of Directors as well as the auditor’s report and the assurance report on sustainability reporting, as well as the remuneration policy and remuneration report for WithSecure Corporation’s governing bodies are available on said website 12 February 2025 at the latest. The resolution proposals and other documents mentioned above will also be made available at the General Meeting.

The minutes of the General Meeting will be available on the above-mentioned website at the latest on 1 April 2025.

C. Instructions for the participants in the General Meeting

1. Shareholders registered in the shareholders’ register

Each shareholder who is registered on 6 March 2025, the record date of the General Meeting, in the shareholders’ register of the Company held by Euroclear Finland Oy, has the right to participate in the General Meeting. A shareholder whose shares are registered on the shareholder’s Finnish book-entry account is registered in the shareholders’ register of the Company.

Changes in shareholding after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of voting rights.

Registration for the General Meeting begins on 13 February 2025 at 10:00 a.m. EET. A shareholder whose shares are registered on the shareholder’s Finnish book-entry account and who wishes to participate in the meeting must register for the meeting at the latest on 11 March 2025 at 4:00 p.m. EET, by which time the notice of participation must be received by the Company. Shareholders can register for the meeting by one of the following means:
1. Online through the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance. Online registration requires strong electronic identification from the shareholder or the shareholder’s statutory representative or proxy representative using Finnish, Swedish or Danish online banking credentials or a mobile certificate.
2. By email to the address agm@innovatics.fi or by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki. The registering shareholder must include in the registration the registration form and advance voting form available on the Company’s website www.withsecure.com/en/about-us/investor-relations/governance or equivalent information.
The requested information, such as the shareholder’s name, date of birth or business ID, contact information as well as the name of the shareholder’s possible assistant and/or proxy representative and date of birth of proxy representative as well as telephone number and/or email address of proxy representative must be provided in connection with the registration. The personal data disclosed by the shareholders to WithSecure Corporation or Innovatics Ltd will only be used in connection with the General Meeting and the processing of related necessary registrations.

It must also be stated in connection with the registration whether the shareholder or the shareholder’s proxy representative will participate in the General Meeting at the meeting venue or via remote connection. Instructions concerning remote participation are provided in section C. 2. of these instructions.

Upon request, shareholders, their representatives, or proxy representatives must be able to prove their identity and/or right of representation at the meeting venue.

Additional information on registration, remote participation and advance voting is available by telephone at +358 10 2818 909 during the registration period of the General Meeting between 9:00 a.m. and 12:00 p.m. EET and between 1:00 p.m. and 4:00 p.m. EET on weekdays.

2. Remote participation in the meeting

Shareholders who have the right to participate in the General Meeting may participate in the meeting and exercise their shareholder rights fully during the meeting either at the meeting venue or via remote connection.

A notice given by shareholders or proxy representatives that they will participate in the General Meeting via remote connection is binding, and after the end of the registration period the shareholders or proxy representatives do not have the right to change their means of participation or participate in the meeting at the meeting venue. However, a notice of participation via remote connection given by a shareholder’s proxy representative does not limit the right of the shareholder’s other proxy representatives to participate in the meeting at the meeting venue.

The remote connection to the General Meeting will be implemented through Inderes Oyj’s virtual AGM service using the Videosync platform, which includes video and audio access to the General Meeting. Using the remote connection does not require software or downloads subject to a charge. In addition to an internet connection, participation requires a computer, smartphone or tablet with speakers or headphones for audio playback as well as a microphone for oral questions and comments. The following browsers are recommended for remote participation: Chrome, Firefox, Edge, Safari, or Opera. Shareholders are responsible for their internet connections and devices during the meeting. In order to prepare for technical failures, it is recommended that shareholders who participate in the meeting remotely vote in advance.

The participation link and password for remote participation will be sent by email and/or SMS to the email address and/or mobile phone number provided in connection with the registration by the day before the meeting, 17 March 2025 at the latest. It is recommended to log in to the meeting system in good time before the meeting starts.

For more information on the AGM service, additional instructions for proxy holders representing more than one shareholder, contact details and instructions of the service provider in case of possible disruptions, please visit https://vagm.fi/support and a link to test the compatibility of your computer, smartphone or tablet with the internet connection can be found at https://b2b.inderes.com/fi/knowledge-base/yhteensopivuuden-testaaminen. It is recommended to consult the detailed attendance instructions before the start of the General Meeting.

3. Advance voting

A shareholder whose shares are registered on the shareholder’s Finnish book-entry account can vote in advance on certain matters on the agenda between 13 February 2025 at 10:00 a.m. EET and 11 March 2025 at 4:00 p.m. EET in the following ways:
1. Online through the service available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance. Shareholders can sign into the advance voting service the same way as to the online registration service referred to above in section C. 1. a) of these instructions.
2. By email or mail by sending the advance voting form available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance or corresponding information to Innovatics Ltd, by email to the address agm@innovatics.fi or by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki. Advance votes must be received before the advance voting period ends.
A proposed resolution that is subject to advance voting is considered to be presented unchanged in the General Meeting, and the advance votes are taken into account in a vote at the real-time General Meeting also in circumstances where an alternative resolution has been proposed concerning the matter. Taking the votes into account requires that the shareholders who voted in advance are registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy on the record date of the General Meeting. Sending the votes in advance by mail or email so that they are received before the end of the time limit of the registration and advance voting period constitutes registration for the General Meeting, provided that the shareholder’s notice of participation includes the above information required for registration. Unless shareholders voting in advance participate at the General Meeting at the meeting venue in person or by way of proxy representation or participate in the General Meeting via remote connection, they will not be able to use their rights under the Companies Act to request information or a vote.

Holders of nominee registered shares can vote in advance through their account operators. Account operators can vote in advance on behalf of the holders of nominee registered shares they represent in accordance with the shareholders’ voting instructions during the registration period applicable to holders of nominee registered shares.

4. Holder of nominee registered shares

A holder of nominee registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which the holder of nominee registered shares on the record date of the General Meeting, 6 March 2025, would be entitled to be registered in the shareholders’ register of the Company held by Euroclear Finland Oy. In addition, the right to participate requires that the holder of nominee registered shares be temporarily entered into the shareholders’ register held by Euroclear Finland Oy based on these shares at the latest by 13 March 2025 at 10:00 a.m. EET. As regards nominee registered shares, this constitutes due registration for the General Meeting. Changes in shareholding after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of voting rights.

A holder of nominee registered shares is advised to request in good time the necessary instructions regarding the temporary registration in the shareholders’ register of the Company, the issuing of proxy documents and voting instructions, registration for the General Meeting, and advance voting from such shareholder’s custodian bank. The account management organisation of the custodian bank shall temporarily register a holder of nominee registered shares who wishes to participate in the General Meeting into the shareholders’ register of the Company at the latest by the time stated above. When necessary, the account management organisation of the custodian bank shall also arrange advance voting on behalf of the holder of nominee registered shares before the end of the registration period applicable to holders of nominee registered shares.

A holder of nominee registered shares who has registered for the General Meeting may participate in the General Meeting at the meeting venue or via remote connection. Remote participation requires temporary entry into the shareholders’ register held by Euroclear Finland Oy and submission of an email address and telephone number of the holder of nominee registered shares by email to the address agm@innovatics.fi by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki before the registration period applicable to holders of nominee registered shares ends so that an attendance link and password can be sent to the holder of nominee registered shares for participating in the General Meeting remotely.

5. Proxy representative and powers of attorney

A shareholder may participate in the General Meeting and exercise the shareholder rights at the meeting by way of proxy representation. The proxy representative may also vote in advance in the manner instructed in section C. 3. of these instructions.

The proxy representative shall produce a dated proxy document or power of attorney or otherwise in a reliable manner demonstrate such representative’s right to represent the shareholder at the General Meeting. If a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares in different book-entry accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the General Meeting.

A proxy template is available on the Company’s website at www.withsecure.com/en/about-us/investor-relations/governance.

Possible proxy documents are to be delivered primarily as an attachment in connection with the electronic registration, or alternatively by email to Innovatics Ltd to the address agm@innovatics.fi or by mail to the address Innovatics Ltd, General Meeting/WithSecure Corporation, Ratamestarinkatu 13 A, 00520 Helsinki before the end of the registration period, by which time the proxy documents must be received. WithSecure Corporation may, if it so wishes, demand original proxy documents if regarded necessary by the Company.

In addition to submitting a proxy document, shareholders or their proxy representatives shall ensure that they register for the General Meeting in the manner described above in section C. 1. of these instructions.

If a proxy representative represents more than one shareholder at the General Meeting, it is recommended to vote in advance. Even if the proxy representative represents more than one shareholder at the General Meeting either at the meeting venue or via remote connection, only one attendance link and password will be provided to the proxy representative for all shareholders the proxy representative represents. The proxy representative will therefore not need to log into the service separately on behalf of each shareholder but shall ensure the exercise of shareholders’ rights by voting on behalf of each shareholder separately.

A shareholder may authorise a proxy representative by using the Suomi.fi e-authorisation service as an alternative to a traditional proxy document. The proxy representative is authorised via the Suomi.fi service at www.suomi.fi/e-authorizations (authorisation for ‘Representation at the General Meeting’). When registering for the General Meeting service, the proxy representative must identify themselves by using strong electronic identification, after which the proxy representative can register and vote in advance on behalf of the shareholder the proxy representative represents. Strong electronic identification requires a Finnish bank ID or mobile certificate. For more information on e-authorisation, please see www.suomi.fi/e-authorizations.

6. Other instructions and information

The language of the General Meeting is Finnish.

A shareholder present at the meeting has the right to ask questions referred to in chapter 5, section 25 of the Companies Act with respect to the matters to be considered at the General Meeting.

On the date of this notice, Wednesday, 12 February 2025, the total number of shares in WithSecure Corporation is 176,098,739 shares, which represent an equal number of votes. On the date of this notice, the Company holds 81,890 treasury shares. Treasury shares do not produce any rights in the Company and do therefore not entitle to participation in the General Meeting.

Helsinki, 12 February 2025

WITHSECURE CORPORATION
Board of Directors

Contact information:

Tiina Sarhimaa, Chief Legal Officer
WithSecure Corporation

Laura Viita
VP, Controlling, Investor relations and Sustainability
WithSecure Corporation
+358 50 487 1044
investor-relations@withsecure.com

The MIL Network –
February 12, 2025
MIL-OSI: GTreasury Customer The Arnott’s Group Wins Adam Smith Award for Cash Forecasting Success
Source: GlobeNewswire (MIL-OSI)

CHICAGO and SYDNEY, Feb. 12, 2025 (GLOBE NEWSWIRE) — GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced that its customer, The Arnott’s Group, has been named a Highly Commended Winner in Treasury Today’s 2024 Adam Smith Awards Asia. The annual industry benchmark for corporate treasury achievement honors the most innovative and transformative treasury initiatives across the Asia-Pacific region.

The Arnott’s Group—one of Australia’s most iconic food manufacturers, with a portfolio of beloved brands including Arnott’s, Tim Tam & Shapes, V8, Messy Monkeys, Freedom Cereals, and 180degrees—was honored in Treasury Today’s Best Cash Flow Forecasting Solution category.

“Our separation from Campbell’s presented us with an immediate need to build an independent, modern treasury function from the ground up,” said Joanne Parnell, Treasurer, The Arnott’s Group. “GTreasury’s cloud-based platform eliminated our reliance on manual Excel processes and automated our entire treasury operations, from cash forecasting to FX deal capture. The results continue to speak for themselves: we’ve cut payment preparation time by 30% and reduced our monthly close cycle by a full day. We’re honored that Treasury Today has recognized our treasury team’s work, and the transformative advantages we’ve achieved.”

Among The Arnott’s Group’s measurable improvements across its treasury operations since implementing GTreasury:
- Reduced daily cash reconciliation and payment preparation time by 30% through automation
- Transformed month-end closing from a 1.5-day process to just half a day
- Shifted from monthly to daily journal preparation, with entries now completed within hours
- Streamlined team onboarding and training through intuitive cloud-based workflows
The automated platform has also enhanced The Arnott’s Group’s strategic capabilities, enabling real-time visibility into cash positions and more sophisticated FX risk management. These improvements have freed up the treasury team to focus on strategic initiatives rather than manual processes.

“The Arnott’s Group treasury team, working in collaboration with HSBC Australia as an implementation partner, was able to transform their entire operation in just six months,” said Jason Baldree, Chief Customer Officer, GTreasury. “It’s a remarkable achievement that we’re proud to have played a role in. Their success sets a blueprint for treasury modernization in the Asia-Pacific region, and we congratulate the team on this well-deserved recognition.”

About GTreasury

GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Our industry leading solutions are purposefully designed to support every stage of treasury complexity, from Cash Visibility and Forecasting to Payments, Risk, Debt, and Investments. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.

GTreasury is headquartered in Chicago, with locations serving EMEA (Dublin and London) and APAC (Sydney, Singapore, and Manila).

Contact
Kyle Peterson
kyle@clementpeterson.com

The MIL Network –
February 12, 2025
MIL-OSI: SimpSide – All In One

Source: GlobeNewswire (MIL-OSI)

DUBAI, United Arab Emirates, Feb. 12, 2025 (GLOBE NEWSWIRE) — SimpSide has been designed to address the most pressing challenges in the world of financial trading. By providing innovative solutions to common issues, SimpSide delivers an entirely new and efficient experience for its users.

Unmatched Security with SimpSide

One of SimpSide’s most outstanding features is its commitment to user security and privacy. Unlike many other platforms that store user data on centralized servers thereby increasing the risk of breaches or misuse SimpSide takes a completely different approach. User information is never stored or shared with third parties, except in extreme cases such as combating money laundering or terrorism. This ensures that users retain complete control over their data and can trade with absolute peace of mind.

Speed and Efficiency Like Never Before

A common issue with many trading platforms is a decline in speed during periods of high market activity. SimpSide eliminates this problem with its state-of-the-art trading engine, which executes trades up to 12 times faster than traditional platforms. Even during times of extreme market volatility, SimpSide maintains a stable and fast performance. This allows users to act on investment opportunities in real-time, without worrying about delays or missed chances.

All Markets, One Platform

One of SimpSide’s most innovative features is its unified platform that provides simultaneous access to stocks, cryptocurrencies, and forex markets. Gone are the days of juggling multiple platforms to manage your investments or transferring funds between different systems. SimpSide brings everything together in one seamless, user-friendly interface, enabling users to manage their entire portfolio from a single location. This approach not only saves time and reduces costs but also significantly enhances the user experience.

A Platform Built for the Future of Trading

SimpSide is not just about solving existing problems in financial markets; it’s about setting new standards in the industry. By combining robust security measures, lightning-fast speed, and market integration, SimpSide empowers users to trade with confidence and convenience. This isn’t just a tool; it’s a step toward a better future in financial trading.

Conclusion

With SimpSide, concerns about data security, trade delays, or limited market access become a thing of the past. This platform is designed to meet all the needs of modern traders and provide a seamless, worry-free investment experience. SimpSide is the answer to the challenges of today’s financial markets and the bridge to a simpler, faster, and safer tomorrow.

CONTACT:

Official Website: Simpside.com

X: SimpSide

CEO: Antony Dee

Email: Support@SimpSide.com

Adress: Al Maktoum Street, Port Saeed, Deira, Dubai, United Arab Emirates

Disclaimer: This press release is provided by SimpSide. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/9d421263-a8f1-4682-831a-e8f94a741a71

https://www.globenewswire.com/NewsRoom/AttachmentNg/79c9bc6d-1212-4b1f-9a67-ce5e9d1fb35c

The MIL Network –

February 12, 2025
MIL-OSI: New Sampo shares issued in the share split registered with the Finnish Trade Register

Source: GlobeNewswire (MIL-OSI)

Sampo plc, stock exchange release, 12 February 2025 at 8:30 am EET

New Sampo shares issued in the share split registered with the Finnish Trade Register

Sampo plc announced on 5 February 2025 the resolution by the Board of Directors of Sampo on a share split by way of a share issue without consideration in proportion to shares owned by shareholders. The new Sampo A and B shares are issued to shareholders in proportion to their existing holdings on the record day of the share issuance on 12 February 2025, so that four (4) new A shares are issued for each existing A share and four (4) new B shares are issued for each existing B share. After the share split, shareholders will have five Sampo shares for each old existing Sampo share. The new shares have been registered with the Finnish Trade Register today, 12 February 2025.

In total, 2,152,191,088 new Sampo A shares and 800,000 new B shares were issued in the share split. Following the registration of the new shares, Sampo’s total share count amounts to 2,691,238,860 shares. The total number of A shares is 2,690,238,860 and the total number of votes attached to these shares is 2,690,238,860. The total number of B shares is 1,000,000 and the total number of votes attached to the shares is 5,000,000.

Trading in the new A shares on Nasdaq Helsinki, Nasdaq Stockholm (in the form of Swedish depository receipts) and Nasdaq Copenhagen (in the form of share entitlements) is expected to commence on or about 13 February 2025. However, the new Swedish depository receipts are expected to be available on the accounts in Euroclear Sweden on or about 14 February 2025. The share split does not require any action from shareholders nor holders of Swedish depository receipts. The share split will not affect Sampo’s ISIN codes.

SAMPO PLC
Investors Relations and Group Communications

For further information, please contact:

Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030

Distribution:
Nasdaq Helsinki
Nasdaq Stockholm
Nasdaq Copenhagen
London Stock Exchange
FIN-FSA
The principal media
www.sampo.com

The MIL Network –

February 12, 2025

MIL-OSI: Year End Report 2024

Source: GlobeNewswire (MIL-OSI)

Highlights

The Company added a total of 50 GWh of annual long-term proportionate power generation through acquisitions in 2024, reflecting a five percent increase in long-term power generation, of which 20 GWh was added in the fourth quarter.
Power generation amounted to 907 GWh for the year, in line with the updated outlook, and power generation of 287 GWh during the fourth quarter marks the Company’s highest ever quarterly production.
Reached the ready-to-permit milestone for the Company’s first large-scale project in the UK, a 1.4 GW solar and 500 MW battery project, and initiated a sales process to assess divestment options.
Achieved carbon neutrality for Scope 1 and 2 carbon emissions.

Consolidated financials – 12 months

Cash flows from investing activities amounted to MEUR 32.6 and was positively impacted by the sale of the Leikanger hydropower plant in the second quarter.
Cash flows from operating activities amounted to MEUR -6.3.

Proportionate financials – 12 months

Achieved electricity price amounted to EUR 34 per MWh, which resulted in a proportionate EBITDA of MEUR 7.0.
Proportionate net debt of MEUR 65.0, with significant liquidity headroom available through the MEUR 170 revolving credit facility.

Financial Summary

Orrön Energy owns renewables assets directly and through joint ventures and associated companies and is presenting proportionate financials to show the net ownership and related results of these assets. The purpose of the proportionate reporting is to give an enhanced insight into the Company’s operational and financial results.

Expressed in MEUR	1 Jan 2024- 31 Dec 2024 12 months	1 Oct 2024- 31 Dec 2024 3 months	1 Jan 2023- 31 Dec 2023 12 months	1 Oct 2023- 31 Dec 2023 3 months
Consolidated financials
Revenue	25.7	7.1	28.0	8.4
EBITDA	-1.6	-2.5	-5.1	-0.9
Operating profit (EBIT)	-17.5	-6.3	-17.0	-4.4
Net result	-13.3	-6.6	-7.6	8.0
Earnings per share – EUR	-0.05	-0.02	-0.03	0.03
Earnings per share diluted – EUR	-0.05	-0.02	-0.03	0.03
Proportionate financials¹
Power generation (GWh)	907	287	765	226
Average price achieved per MWh – EUR	34	30	47	43
Operating expenses per MWh – EUR	17	14	18	16
Revenue	30.7	8.7	36.2	9.6
EBITDA	7.0	0.1	5.3	1.3
Operating profit (EBIT)	-12.9	-4.8	-11.0	-3.2

¹ Proportionate financials represent Orrön Energy’s proportionate ownership (net) of assets and related financial results, including joint ventures. For more details see section Key Financial Data in the Year End Report 2024.

Comment from Daniel Fitzgerald, CEO of Orrön Energy AB
“2024 marks another year of good progress despite challenging market conditions. We added around 50 GWh of long-term annual power generation through value-accretive acquisitions in Sweden, strengthened our balance sheet with the sale of the Leikanger hydropower asset, and launched our first sales process in the UK having reached the ready-to-permit stage on a project with 1.4 GW solar generation capacity and a 500 MW battery. In response to the volatile market conditions experienced in 2024, we initiated voluntary production curtailments across a portion of our portfolio, and started providing ancillary services to the market via some of our windfarms. These initiatives have helped us to reduce the impact of negatively priced hours and take advantage of alternative revenue streams. We remain focused on delivering profitable growth and are consistently looking for ways to improve performance during challenging market environments.

Proportionate power generation amounted to 907 GWh for the year, which was in line with our updated outlook. We delivered a record quarterly power generation of 287 GWh in the fourth quarter, despite the impact of voluntary production curtailments during periods of low electricity prices. While the overall power generation in 2024 was impacted by lower-than-average wind speeds, we hope to see more normalised weather conditions in 2025, following four consecutive years of wind speeds below the historical long-term average. Taking into account this variability, the acquisitions made in 2024, and the potential for future curtailment, we expect our power generation in 2025 to be between 900 and 1,050 GWh, which gives some margin both for weather and market conditions.

Capitalising on market opportunities
The renewable energy industry continued to face headwinds in 2024, as elevated interest rates, inflation, and periods of low electricity prices led to downward pressures on valuations and stock prices across the sector. Uncertainty in the US and political shifts across Europe further impacted investor confidence regarding the pace and support for the energy transition. However, the long-term fundamentals for renewable energy remain strong, where onshore wind and solar continue to have the lowest breakeven cost by a significant margin compared to other sources. Despite political or economic headwinds, these investments are poised to stand the test of time. We maintained our strategic focus, adding over 50 GWh of long-term proportionate power generation in 2024 at a cost of less than 0.5 MEUR per MW. We have now replaced 50 percent of the production sold of the Leikanger asset, at a significantly lower unit cost, demonstrating a highly accretive and efficient recycling of capital.

In the Nordics, electricity prices remained highly volatile, which impacted our financial results. This was largely driven by periods of oversupply due to lower seasonal demand, high hydrological balances, elevated gas storage and surplus electricity from interconnected European markets. Looking ahead, energy demand is forecast to grow, fuelled by GDP growth, continued electrification and increased power needs for data centres and artificial intelligence.

First UK project reached ready-to-permit stage, sales process commenced
We continued advancing our project development platform in the fourth quarter, and I am excited to announce that we achieved a significant milestone by having our first large-scale project in the UK reach the ready-to-permit stage. The project is a 1.4 GW solar and 500 MW co-located battery development, and we have initiated a sales process to evaluate divestment options. This is the first project from our pipeline to reach this milestone, and we expect to have a number of follow-on projects reaching the same stage in 2025 both in the UK and Germany. In the UK, two key regulatory reforms are currently ongoing; the Clean Power 2030 Action Plan and the grid connections reform. Both aim to simplify and enhance the ability for renewable energy projects to obtain a grid connection more efficiently based on zonal capacity expectations. These reforms have had an impact on our prioritisation of projects and created some uncertainty for investors in the UK, and we will continue to monitor developments aiming to ensure our projects remain well-positioned in this evolving regulatory landscape.

Financially resilient
We remain in a financially robust position, with liquidity headroom exceeding MEUR 100. Proportionate revenues and other income amounted to MEUR 8.9 for the fourth quarter and MEUR 42.1 for the year, which was impacted by low electricity prices, resulting in a proportionate EBITDA of MEUR 0.1 for the fourth quarter and MEUR 7.0 for the year. Our full-year expenditure guidance for 2025 remains largely in line with 2024 and the business strategy remains unchanged as we enter the new year.

Entering the next chapter of growth
Looking ahead to 2025 and beyond, I believe this will be a transformational period for Orrön Energy on many fronts. The Nordic business continues its organic growth with a good pipeline of projects, 1,000 GWh of long-term proportionate power generation and plenty of acquisition opportunities. The UK and German teams are rapidly reaching key milestones and we expect to see results from our project sales throughout 2025, with a material pipeline of opportunities to follow. We have now passed the halfway point of the Sudan legal case, and expect the District Court trial to finish during the second quarter of 2026, which will significantly reduce our future legal costs and positively impact our financial results thereafter. With the end of the Sudan trial in sight and our two organic growth platforms running, we can now start shaping the next strategic growth chapter for our business, and over the next year we will explore new opportunities to expand our portfolio and unlock additional value for our shareholders. I would like to thank our shareholders for their continued support and look forward to sharing updates on the exciting growth opportunities that lie ahead of us.”

Webcast
Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and presenting the latest developments in Orrön Energy and its future growth strategy together with members of Orrön Energy’s management team at a webcast during the Company’s Capital Markets Day today at 14.00 CET. The presentation will be followed by a question-and-answer session.

Follow the presentation live on the below webcast link:
https://orron-energy.events.inderes.com/cmd-2025

For further information, please contact:

Robert Eriksson
Corporate Affairs and Investor Relations
Tel: +46 701 11 26 15
robert.eriksson@orron.com

Jenny Sandström
Communications Lead
Tel: +41 79 431 63 68
jenny.sandstrom@orron.com

Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany and France. With financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

This information is information that Orrön Energy AB is required to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07.30 CET on 12 February 2025.

Forward-looking statements
Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

Attachment

Q4 2024 Report English

The MIL Network –

February 12, 2025

MIL-OSI: Aktia Bank Plc directs share issue to the company itself without payment

Source: GlobeNewswire (MIL-OSI)

Aktia Bank Plc
Stock Exchange Release
12 February 2025 at 8.15 a.m.

Aktia Bank Plc directs share issue to the company itself without payment

The Board of Directors of Aktia Bank Plc has, pursuant to the share issue authorization granted by the Annual General Meeting held on 3 April 2024, resolved on an issue of 180,000 new shares to the company itself without payment. The new shares to be issued to the company will be used for reward payments under the company’s incentive programs.

The total number of the company’s shares after the share issue is 73,161,696 shares, of which 234,834 shares in total are held by the company.

The new shares will be entered into the Trade Register approximately on 20 February 2025 and will be applied for public trading on Nasdaq Helsinki Ltd approximately as of 21 February 2025.

Aktia Bank Plc

Further information:
Oscar Taimitarha, Director, Investor Relations, tel. +358 40 562 2315, ir (at) aktia.fi

Distribution:
Nasdaq Helsinki Ltd
Mass media
www.aktia.com

Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 31 December 2024 amounted to EUR 14.0 billion, and the balance sheet total was EUR 11.9 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

The MIL Network –

February 12, 2025
MIL-OSI Russia: A residential area with a kindergarten will appear in the Sokolinaya Gora district under the KRT program

Translartion. Region: Russians Fedetion –

Source: Moscow Government – Government of Moscow –

In the Sokolinaya Gora area, three sites will be reorganized under the integrated development of territories (IDT) program. The corresponding draft resolution published on the mos.ru portalThis was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

“Located in the east of the capital, three sites with a total area of 2.47 hectares are part of one integrated development project. It is planned to build a modern residential area with a kindergarten for the purposes of the renovation program. The total area of the property will be 46.5 thousand square meters. Investments in the development of the site are estimated at 7.7 billion rubles, and the annual budget effect is 28.7 million rubles,” said Vladimir Efimov.

The plots are located near the Izmailovo station of the Moscow Central Circle and the Partizanskaya station of the Arbatsko-Pokrovskaya metro line.

“The total area of new buildings for the purposes of the renovation program will be 41.5 thousand square meters. On the ground floors of residential buildings, there will be retail and utility facilities, as well as catering establishments. A kindergarten for 250 children will appear on the territory of the block. As a result, the city will receive about 65 jobs. All areas will be improved, landscaped, and new roads will be built here,” said the Minister of the Moscow Government, Head of the Department of City Property

Maxim Gaman.

Trees and shrubs will be planted on the territory, children’s and sports playgrounds will be equipped, as well as recreation areas for city residents.

According to the Minister of the Moscow Government, Head of the Department of Urban Development Policy Vladislav Ovchinsky, in the Sokolinaya Gora area, residential complexes will be built for the purposes of the renovation program, the total area of apartments in which will be approximately over 24 thousand square meters. This will provide housing for about 900 Muscovites. Apartments for occupancy will be handed over with a finished, improved finish. The entrances will be equipped with rooms for concierges and stroller storage, and lights and video surveillance cameras will be installed on the territory.

According to the program of integrated development of territories, multifunctional city quarters are being created, where roads, comfortable housing and all necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 KRT projects with a total area of about 4.2 thousand hectares are at various stages of implementation in the capital. This work is being carried out on behalf of the Mayor of Moscow.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

https: //vv.mos.ru/nevs/ite/149979073/

MIL OSI Russia News –

February 12, 2025
MIL-OSI: Invitation to Aktia’s investor event on 27 February 2025

Source: GlobeNewswire (MIL-OSI)

Aktia Bank Plc
Press Release
12 February 2025 at 7.45 a.m.

Invitation to Aktia’s investor event on 27 February 2025

Aktia invites investors, analysts, and media representatives to its investor event on 27 February 2025. The event will begin at 12.30 p.m. (EET) and end approximately at 2.30 p.m.

During the investor event, CEO Aleksi Lehtonen, together with other members of Aktia’s Executive Committee, will provide updates on the company’s strategic priorities, business operations and financial targets. The event will be held in English.

The investor event will take place at Kulttuurikasarmi in Helsinki, located at Narinkkatori 2. A light lunch will be served at 12.00 p.m., prior to the event. After the event, coffee will be served, and participants will have the opportunity to meet Aktia’s management. To attend in person, please register by 20 February 2025.

The investor event can also be viewed live as a webcast at 12.30 p.m. To attend the webcast, please register by 26 February 2025. Attendees will have the opportunity to ask questions to Aktia’s management during the event.

Please, register here: https://aktia.events.inderes.com/2025-investor-event.

The presentation material will be available on Aktia’s website www.aktia.com before the event. A recording of the event will also be available afterwards on Aktia’s website.

Aktia Bank Plc

Further information:
Oscar Taimitarha, Director, Investor Relations, tel. +358 40 562 2315, ir (at) aktia.fi

Distribution:
Nasdaq Helsinki Ltd
Mass media
www.aktia.com

Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 30 September 2024 amounted to EUR 14.3 billion, and the balance sheet total was EUR 12.0 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

The MIL Network –

February 12, 2025

MIL-OSI: WithSecure Financial Statement Release 1 January – 31 December 2024: Strong growth in Cloud Protection for Salesforce, improving profitability and cash flow, divestment of Cyber security consulting

Source: GlobeNewswire (MIL-OSI)

WithSecure Corporation, Financial Statement Release 1 January – 31 December 2024, 12 February 2025 at 8.00 EET

WithSecure Financial Statement Release 1 January – 31 December 2024: Strong growth in Cloud Protection for Salesforce, improving profitability and cash flow, divestment of Cyber security consulting

Highlights of October – December 2024 (“fourth quarter”)

Annual Recurring Revenue (ARR)¹ for Elements Cloud products and services² increased by 6% to EUR 83.3 million (EUR 78.4 million)
Elements Cloud ARR increase from previous quarter was 2%
Net Revenue Retention for Elements Cloud was 99%
Revenue for Elements Cloud increased by 9% to EUR 21.5 million (EUR 19.7 million)
ARR for Cloud Protection for Salesforce increased by 52% to EUR 12.8 million (EUR 8.4 million)
Cyber security consulting revenue declined by 15% to EUR 8.6 million (EUR 10.2 million). Cyber security consulting divestment agreement was signed in January 2025. Business is reported as Discontinued operations. A goodwill impairment of EUR 13 million was recognized in the fourth quarter to reflect the impact of the divestment
Adjusted EBITDA (Continuing and discontinued operations) for WithSecure was EUR 2.4 million (EUR 0.2 million)
Operative cash flow of the fourth quarter was EUR 7.7million (EUR 2.7 million)

Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve. Monthly recurring revenue includes recognized revenue within the month excluding non-recurring revenue
Elements Cloud includes Elements Cloud portfolio software and services as well as the managed services

Highlights of January – December 2024

Revenue for Elements Cloud products and services increased by 9% to EUR 83.3 million (EUR 76.1 million)
CPSF revenue increased by 14% to EUR 9.4 million (EUR 8.3 million)
Cyber security consulting revenue declined by 3% to EUR 32.3 million (EUR 33.4 million)
Adjusted EBITDA (Continuing and discontinued operations) for WithSecure was EUR 3.1 million (EUR -16.1 million)

Outlook for 2025

Annual Recurring Revenue (ARR) for Elements Cloud products and services will grow by 10-20% from the end of 2024.
At the end of 2024, Elements Cloud ARR was EUR 83.3 million.

Elements Company segment’s Adjusted EBITDA will be 3-7% of revenue.

Annual Recurring Revenue (ARR) for Cloud Protection for Salesforce (CPSF) will grow by 20-35% from the end of 2024.
At the end of 2024, CPSF ARR was EUR 12.8 million.

Cyber security consulting business will be divested in 2025. Elements company and CPSF will have their own guidance going forward. Both are recurring, subscription-based businesses, which is reflected in the new guidance.

Medium-term financial target (for Elements Company segment)

Over the next three years (2025-2027), WithSecure will become a “Rule of 30+” company.

The components of the target are

Annual revenue growth as percentage
Adjusted EBITDA as percentage of revenue

WithSecure is targeting to reach a sum of the components that exceeds 30.

Figures in this release are unaudited. Figures in brackets refer to the corresponding period in the previous year, unless otherwise stated. Percentages and figures presented may include rounding differences and might therefore not add up precisely to the totals presented.

CEO Antti Koskela

In the last quarter of 2024, WithSecure Elements Cloud ARR grew by 6% from previous year to EUR 83.3 million (EUR 78.4 million). Elements Cloud revenue grew by 9% to EUR 21.5 million (EUR 19.7 million). Cloud Protection for Salesforce, reported as a separate segment, performance was strong, ARR grew by 52% to EUR 12.8 million (EUR 8.4 million).

In the Elements Company, Elements software continued to perform with a strong year-on-year growth. In the Managed services and Co-security, revenue declined slightly from the fourth quarter of 2023, due to the customer churns reported in the quarter and earlier in 2024. Of the geographic regions, Elements Cloud ARR and revenue decreased slightly in UK and North America, mainly impacted by the Managed services customer churns during the year 2024. In all other regions, a steady growth of cloud ARR and revenue continued. December revenue includes a higher than customary volume of discounts, timing of which is partly dependent on the customers. Due to the timing issues, the Cloud ARR growth was negatively impacted by approximately 3 percentage points. Our intention is to review and improve the recognition process to avoid ARR volatility caused by timing in the future.

In January 2025, our Elements Identity Security reached General Availability. It will increase protection of the users from business email compromise attacks and provide easy-to-use identity response features. Two significant product recognitions were received at the end of 2024. We were identified as one of 15 global vendors in the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms³, recognising our ability to execute and completeness of vision. In the 2024 MITRE ATT&CK® Evaluations, our Endpoint Detection and Response solution set new standards for detection-to-alert ratios, reinforcing our position as a European mid-market leader in cyber security.

Elements Company Adjusted EBITDA in the fourth quarter was EUR 1.5 million (EUR -1.0 million). Full WithSecure Adjusted EBITDA of EUR 2.4 million (EUR 0.2 million) in the fourth quarter shows that our continuous work on improving profitability is giving results despite some lower revenue in 2024 than planned.

In Cloud Protection for Salesforce (CPSF), systematic efforts in the past year to improve sales efficiency are generating strong results. ARR grew by 52% year-on-year to EUR 12.8 million (EUR 8.4 million). The growth is driven by both new customers and expansions to existing customers, while the customer churn remained at a controlled level. We continue to develop the CPSF as an independent business inside WithSecure, while keeping the strategic review options open.

On 23 January 2025, we signed an agreement intending to divest our Cyber security consulting business to Neqst, a Swedish investment firm focusing exclusively on technology and technology-enabled companies. In the segment reporting, consulting is presented according to the previously applied calculation principles. In other parts of the financial reporting, consulting result is included in the result of discontinued operations. Cyber security consulting revenue declined by 15% to EUR 8.6 million (EUR 10.2 million). Adjusted EBITDA of the fourth quarter was EUR 0.9 million (EUR 2.0 million).

After reaching some important milestones during the year, we are confidently heading for a new year of profitable growth. I would like to thank WithSecure personnel, partners, customers and other stakeholders for their great collaboration in the past year and going forward.

Financial performance

(mEUR)	10-12/2024	10-12/2023	Change %	1-12/2024	1-12/2023	Change %
Continuing operations
Revenue	29.9	28.0	7%	116.0	109.9	6%
Cost of revenue	-5.9	-5.7	3%	-23.4	-23.1	1%
Gross Margin	24.0	22.3	8%	92.6	86.8	7%
% of revenue	80.4 %	79.7 %		79.8 %	79.0 %
Other income, adjusted¹	0.4	0.4	11%	2.0	1.4	41%
Operating expenses¹	-23.0	-24.3	-5%	-92.6	-103.1	-10%
Sales & Marketing	-12.2	-13.1	-7%	-47.9	-57.2	-16%
Research & Development	-8.5	-8.8	-3%	-35.0	-36.3	-4%
Administration	-2.3	-2.4	-5%	-9.7	-9.5	2%
Adjusted EBITDA²	1.4	-1.6	188%	2.0	-14.8	113%
% of revenue	4.7 %	-5.7 %		1.7 %	-13.5 %
Items affecting comparability (IAC)
Other items	0.0	-1.0	99%	-1.0	-1.4	33%
Divestments	0.1	0.0	0%	1.2	1.4	10%
Restructuring	-0.1	-4.5	99%	-1.1	-8.9	87%
Costs under TSA	0.0	-1.4	100%	0.0	-6.9	100%
Income for costs under TSA	0.0	1.4	100%	0.0	6.9	100%
EBITDA	1.4	-7.2	120%	1.1	-23.8	105%
% of revenue	4.7 %	-25.6 %		1.0 %	-21.6 %
Depreciation & amortization, excluding PPA³	-2.0	-2.5	-19%	-9.0	-9.5	-6%
PPA amortization	-0.5	-0.6	-17%	-2.2	-2.4	-7%
EBIT	-1.1	-10.2	89%	-10.1	-35.7	72%
% of revenue	-3.7 %	-36.6 %		-8.7 %	-32.5 %
Adjusted EBIT²	-0.6	-4.1	85%	-7.0	-24.3	71%
% of revenue	-2.0 %	-14.5 %		-6.0 %	-22.1 %
Discontinued operations
Revenue	8.3	10.0	-17%	31.4	32.9	-5%
Adjusted EBITDA²	1.0	1.8	-45%	1.1	-1.3	187%
% of revenue	12.0 %	18.1 %		3.6 %	-4.0 %
Items affecting comparability (IAC)
Divestments	1.1			1.1
EBIT	-13.6	1.6	-927%	-29.3	-8.2	-258%
% of revenue	-164.1 %	16.5 %		-93.6 %	-24.9 %
Combined operations
Revenue	38.1	38.0	0%	147.4	142.8	3%
Adjusted EBITDA²	2.4	0.2	1070%	3.1	-16.1	119%
% of revenue	6.3 %	0.5 %		2.1 %	-11.3 %
Earnings per share, (EUR)⁴	-0.08	-0.07	-25%	-0.22	-0.23	5%
Deferred revenue				67.7	66.9	1%
Cash flow from operations before financial items and taxes	7.7	2.7	191%	2.1	-19.9	110%
Cash and cash equivalents				27.3	36.6	-25%
ROI, %	-52.3 %	-27.5 %	-90%	-34.1 %	-30.5 %	-12%
Equity ratio, %				59.1 %	73.3 %	-19%
Gearing, %				0.4 %	-22.2 %	102%
Personnel, end of period				961	1,087	-12%

1. Excluding Items Affecting Comparability (IAC) and depreciation and amortization. In 2023 excludes also costs of services provided to F-Secure under TSA and equivalent income charged for TSA services. 

2. Adjustments are material items outside the normal course of business associated with acquisitions, integration, restructuring, gains or losses from sales of businesses and other items affecting comparability. For reconciliation and a breakdown of adjusted costs, see Note 6 (Reconciliation of alternative performance measures)

3. Amortization of intangible assets from business combinations (PPA, purchase price allocation, related amortizations). 

4. Based on the weighted average number of outstanding shares during the period 175 986 422 (1-12/2024).

Events after period-end
After the end of the financial year, on 23 January 2025, WithSecure announced the sale of its Cyber security consulting business to Swedish investment firm Neqst. The transaction is executed by the sale of shares of the parent company of a to-be-established WithSecure cyber security consulting group, to which the consulting business will be transferred prior to the completion of the transaction. As a result of the agreement, total of approximately 250 employees located in Finland, UK, Sweden, Denmark, Singapore, Italy, and US are expected to transfer to the buyer.

Additional information
This is a summary of WithSecure’s Financial Statement Release 1 January – 31 December 2024. The full report is a PDF file attached to this stock exchange release. Full report is also available on the company website.

Webcast
WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast on 12 February starting at 14.00 EET. The webcast will be held in English and can be accessed at

https://withsecure.events.inderes.com/q4-2024

Questions in written format are requested in the webcast portal. Presentation material and the webcast recording will be available on the company website

Materials | Investor Relations | WithSecure™

Financial calendar
During the year 2025, WithSecure Corporation will publish financial information as follows:

25 April 2025: Interim Report for January–March 2025
16 July 2025: Half-Year Report for January–June 2025
22 October 2025: Interim Report for January–September 2025

WithSecure observes at least a three-week (21 days) silent period prior to publication of financial reports, during which it refrains from engaging in discussions with capital market representatives or the media regarding WithSecure’s financial position or the factors affecting it.

The Annual General Meeting is scheduled for Tuesday, 18 March 2025. The Board of Directors will convene the meeting.

Contact information
Tom Jansson, CFO
WithSecure Corporation

Laura Viita
VP, Controlling, investor relations and sustainability
WithSecure Corporation
+358 50 487 1044
investor-relations@withsecure.com

Attachment

Financial Statement Release 1 January – 31 December 2024

The MIL Network –

February 12, 2025

MIL-OSI: ABN AMRO Bank posts net profit of EUR 397 million in Q4 2024

Source: GlobeNewswire (MIL-OSI)

ABN AMRO Bank posts net profit of EUR 397 million in Q4 2024

12 February 2025

Q4 Key messages

Good finish to the year: Q4 net profit of EUR 397 million, supported by continued high net interest income and fee income
Strong result in 2024: Net profit of EUR 2.4 billion and a return on equity of 10.1%
Continued mortgage portfolio growth: Increase of EUR 1.1 billion in Q4 and full-year growth of over EUR 5 billion, supported by an increase in clients
Net interest income (NII) further improved: Q4 benefited from higher Treasury result, resulting in NII of EUR 6.5 billion for the full year. Expected NII for 2025 between EUR 6.2 and 6.4 billion
Continued fee growth: Fee income increased compared to the previous quarter, resulting in fee growth for the year of over 7%, driven by better performance in all client units
Costs remain under control: Costs for the full year, excluding large incidentals, in line with guidance at EUR 5.3 billion. For 2025, costs are expected to be broadly flat
Solid credit quality: Impairments of EUR 9 million in Q4, reflecting increases in individually provisioned client files. Net impairment releases of EUR 21 million for the year
Strong capital position: Basel III CET1 ratio of 14.5% and Basel IV CET1 ratio estimated at a similar level
Final dividend of EUR 0.75 per share proposed

Robert Swaak, CEO:

“ABN AMRO delivered another strong full-year result, with a net profit of EUR 2.4 billion for 2024 and a return on equity of over 10%. The year saw further growth in our net interest income and fee income. With the Dutch mortgage market rebounding during 2024, we managed to increase our market share for new production from 16% to 19%. In 2024, we also managed to grow the corporate loan book in our transition themes; digital, new energies and mobility. Our underlying cost base was in line with our guidance of EUR 5.3 billion and our solid credit quality led to net impairment releases. We continued to execute on our strategy of being a personal bank in the digital age. Furthermore, our sustainability efforts were rewarded with our return to the S&P Global Dow Jones Sustainability Index Europe.

With almost half the global population holding elections, 2024 was an exceptional year. We expect that the geopolitical ramifications and economic impact of these elections will be felt in the coming years. The ECB lowered interest rates a number of times as inflation subsided and Eurozone GDP growth was slow. The growth of the Dutch economy was muted during 2024 due to lower exports and business investments, while inflation remained elevated compared to the European average. Domestic demand grew driven by an increase in wages and house prices increased by almost 9% during the year.

We were again able to grow our mortgage book in the fourth quarter with EUR 1.1 billion. Our corporate loan book decreased in Q4 largely reflecting more active capital allocation and steering. We transferred credit risk on a portfolio of corporate loans and decided to materially reduce our international Asset Based Finance activities in Germany and the United Kingdom.

Our fourth quarter financial results were solid, with a net profit of EUR 397 million. Net interest income increased to EUR 1,668 million, reflecting a strong Treasury result. Fee income increased again this quarter, up 11% on the same quarter last year, with all client units contributing to the growth. Underlying costs rose during the fourth quarter, as was expected given the additional vacancies that were filled.

Our solid credit quality and benign economic circumstances led to another quarter of very limited impairments of EUR 9 million. Risk-weighted assets decreased by EUR 3.0 billion, largely reflecting business developments including capital steering and data quality improvements. These factors, combined with the increase of CET1 capital during the quarter, resulted in the Basel III capital ratio rising to 14.5%. We made progress with the implementation of Basel IV and now estimate the Basel IV capital ratio to be at a similar level as our Basel III capital ratio. We will provide an update on the outcome of our capital assessment when publishing our Q2 results.

In 2020, we launched our current strategy: A personal bank in the digital age. Since then, we have made significant progress on the three strategic pillars that define the crucial focus areas for creating value for our key stakeholder groups; clients, shareholders, colleagues and society as a whole.

We have continued investing in our customer experience, focusing on attractive segments where we can grow by bringing convenience into the daily lives of our clients and expertise where it matters. We are making a significant investment in Germany with the intended acquisition of Hauck Aufhäuser Lampe, a private bank with a long standing history, positioning ABN AMRO as a leading private bank in the German market. Our Dutch retail bank provides all services and products through online channels, supported by a network of 25 retail branches. For those clients that need active support with daily banking tasks, we doubled our ‘Help with Banking’ advisers to 200 during the year. We are continuing our efforts to improve our client services and product offering which is reflected in our improved Net Promoter Score (NPS) compared to last year within all client units. We also launched our new brand promise ‘For every new beginning’ to appeal to the entrepreneurial spirit of our clients and highlight the expertise that we can offer. We have welcomed the 10 millionth active user of Tikkie, our payment request application. Its success has even led to the word ‘tikkie’ being included in the Dutch dictionary. More and more businesses are now turning to Tikkie for invoicing, solidifying our leading position in peer-to-peer payments.

We have continued embedding sustainability in our operations and the asset volume of client loans with a sustainability component (including mortgages and corporate loans) and ESG & impact investments rose from 34% to 37% in 2024. We remain focused on the decarbonisation of our loan portfolio. Additional targets for passenger cars, mortgages, as well as the upstream and midstream part of our oil and gas portfolio will be disclosed in our integrated annual report. Related to our aim to halt and reverse biodiversity loss, we have added insurance products for farmers who reduce their use of chemical pesticides. Other developments in the fourth quarter included the Sustainable Impact Fund’s acquisition of a stake in Urban Mine, a leader in sustainable construction and concrete recycling, and the pilot launch of the Human Rights Remedy Mechanism, which allows individuals to raise concerns about human rights violations linked to our corporate clients.

During 2024, we continued to allocate significant resources to making our bank future proof. We maintained our leading position in cyber resilience, as evidenced by external parties like BitSight. We added further use cases of Gen-AI in the fourth quarter with the introduction of an AI chatbot for Tikkie and a voicebot for incoming calls from our credit card clients. This will further build on our digital product experience and client contact, for which we are already externally recognised as the digital leader in the Dutch banking sector.

There are multiple complex and demanding projects running in parallel in relation to changes in the regulatory environment, and we made significant progress across the board during the year. We are in the final phase of simplifying our model landscape while at the same time finalising the implementation of Basel IV. Furthermore, we are continuously refining our AML processes, and are implementing CSRD and other sustainability-related regulations in our reporting. These programmes will continue to impact parts of our organisation, despite the investments in additional change capacity that we made during the year.

In January 2025, we announced that Marguerite Bérard is the intended new CEO of ABN AMRO. Following regulatory approval, she will be appointed by the Supervisory Board after being introduced to the AGM in April. I am very pleased with the nomination of Marguerite. In the short time that I have had the pleasure of getting to know her, I have become impressed by her inspiring personality and deep knowledge of the banking sector. I am confident that she will successfully lead the bank forward, building on the strong foundations that we have in place.

As I look back, I am proud of what ABN AMRO has achieved and I value the dedication and commitment that clients, shareholders and colleagues have shown to this iconic Dutch institution. I am confident that ABN AMRO will continue banking for better, for generations to come.

Key figures and indicators (in EUR millions)	*Q4 2024*	*Q4 2023*	*Change*	*Q3 2024*	*Change*
Operating income	2,240	2,041	10%	2,253	1%
Operating expenses	1,614	1,462	10%	1,334	21%
Operating result	626	580	8%	920	-32%
Impairment charges on financial instruments	9	-83		-29
Income tax expenses	220	117	88%	259	-15%
Profit/(loss) for the period	397	545	-27%	690	-42%

Cost/income ratio	72.0%	71.6%		59.2%
Return on average Equity	6.2%	9.5%		11.6%
CET1 ratio¹	14.5%	14.3%		14.1%

This press release is published by ABN AMRO Bank N.V. and contains inside information within the meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).

Note to editors, not for publication:
For more information, please contact

ABN AMRO Press Office: Jarco de Swart, E-mail: pressrelations@nl.abnamro.com, phone number: +31 (0)20 6288900.

ABN AMRO Investor Relations: John Heijning, E-mail: investorrelations@nl.abnamro.com, phone number +31 (0)20 6282282.

¹ Capital ratio for Q3 2024 are pro-forma, including 50% of the net profit. For more information about the ratio, please refer to the Capital management section in our quarterly report.

Attachments

The MIL Network –

February 12, 2025

MIL-OSI: WithSecure Corporation’s Annual Report for 2024 has been published
Source: GlobeNewswire (MIL-OSI)

WithSecure Corporation, Stock Exchange Release, 12 February 2025, 8:01 EET

WithSecure Corporation’s Annual Report for 2024 has been published

WithSecure Corporation’s Annual Report for 2024 has been published. The report is attached to this release, and it is available on the company website: Investors | Cyber Security Solutions | WithSecure™.

The Annual Report includes the Board of Directors’ report and Financial Statements, Corporate Governance Statement, and Remuneration Report. Board of Directors’ report includes a Sustainability Report prepared in accordance with the Corporate Sustainability Reporting Directive (CSRD) and the relevant Finnish legislation.

The Annual Report is available in Finnish and English.

In accordance with the European Single Electronic Format (ESEF) reporting requirements, WithSecure has published the Board of Directors’ report and Financial Statements as an XHTML file. In line with the ESEF requirements, the primary statements of the consolidated financial statements have been labelled with XBRL tags, and the notes to the financial statements with XBRL block tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor’s reasonable assurance report on WithSecure’s ESEF Financial Statements in accordance with ISAE 3000 (Revised).

Contact information:

Laura Viita
VP, Controlling, investor relations and sustainability
WithSecure Corporation
+358 50 487 1044
investor-relations@withsecure.com

Attachments
- WithSecure Annual Report 2024
- 743700ATXLT0MFCHXT16-2024-12-31-en
The MIL Network –
February 12, 2025

Category: Finance

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