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Category: GlobeNewswire

  • MIL-OSI: Alm. Brand A/S – Launch of new share buyback programme in accordance with the ‘Safe Harbour’ rules

    Source: GlobeNewswire (MIL-OSI)

    Based on the divestment of Energy and Marine and a very strong solvency ratio, the Board of Directors of Alm. Brand A/S has resolved to exercise the authority to buy back treasury shares for a total amount of up to DKK 835.2 million. The authority to buy back treasury shares was granted at the company’s annual general meeting held on 18 April 2024 for share buybacks of up to 10% of the share capital in the period until 30 April 2025. The completion of the maximum share buyback is subject to a resolution to renew the authority to buy back shares being adopted at the company’s annual general meeting to be held on 10 April 2025.

    Purpose
    The purpose of the share buyback is to reduce the share capital. At a general meeting in Alm. Brand A/S, a resolution to cancel the shares bought through the programme will be proposed.

    Timeline
    The share buyback programme runs from 5 March 2025 until 30 March 2026 at the latest, both days included. During this period, Alm. Brand A/S will acquire treasury shares for a total amount of up to DKK 835.2 million in accordance with article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, which together with MAR constitutes the ‘Safe Harbour’ rules.

    Terms of the share buyback

    • Alm. Brand A/S is required to appoint a lead manager to make trading decisions independently of and without any influence from Alm. Brand A/S and to make the buybacks within the limits announced. Alm. Brand A/S has appointed Danske Bank A/S as lead manager of the share buyback process.
    • In accordance with the share buyback programme, Alm. Brand A/S may acquire up to 110 million shares, corresponding to 7.1% of the existing share capital of Alm. Brand A/S.
    • The shares are in no circumstances to be acquired at a price deviating by more than 10% from the most recently quoted market price at the time of acquisition.
    • The shares are not to be acquired at a price exceeding the price of the last registered independent trade or exceeding the price of the highest independent quote on the trading venue on which the acquisition is made.
    • The maximum number of shares that may be acquired on any trading day may not exceed 25% of the average daily trading volume for shares in Alm. Brand A/S on the trading venue on which the acquisition is made. The average daily trading volume is calculated over a period of 20 days preceding the relevant trading day.

    Once a week after the launch of the share buyback programme and at the end of the programme, a company announcement will be published with information on transactions effected under the programme.

    Contact

    Please direct any questions regarding this announcement to:

    Investors and equity analysts:                 

    Head of IR, Rating & ESG Reporting        
    Mads Thinggaard                 
    Mobile no. +45 2025 5469                

    Attachment

    The MIL Network –

  • MIL-OSI: Volta Finance Limited – Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA/VTAS)

    Dividend Declaration

    NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION,
    IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

    Guernsey, 5 March 2025

    Volta Finance Limited (“the Company”) hereby announces that it has declared a quarterly interim dividend of €0.155 per share payable on 3 April 2025 amounting to approximately €5.67 million, approximately equating to an annualised 8% of net asset value. The ex-dividend date is 13 March 2025 with a record date of 14 March 2025.

    The Company has arranged for its shareholders to be able to elect to receive their dividends in either Euros or Pounds Sterling. Shareholders will, by default, receive their dividends in Euros, unless they have instructed the Company’s Registrar, Computershare Investor Services (Guernsey) Limited (“Computershare”), to pay dividends in Pounds Sterling.  Such instructions may be given to Computershare either electronically via CREST or by using the Currency Election Form which has been posted to shareholders and a copy of which is also available on the website www.voltafinance.com within the “Investors – Other Documents” section. The deadline for receipt of currency elections is 12:00 (midday) on 17 March 2025.

    CONTACTS
    For the Investment Manager
    AXA Investment Managers Paris
    François Touati
    francois.touati@axa-im.com
    +33 (0) 1 44 45 80 22

    Olivier Pons
    Olivier.pons@axa-im.com
    +33 (0) 1 44 45 87 30

    Company Secretary and Administrator
    BNP Paribas S.A., Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com 
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Securities plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialized in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,800 professionals and €859 billion in assets under management as of the end of June 2024.  

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    The MIL Network –

  • MIL-OSI: VAALCO Energy, Inc. Enters Into New $300 Million Revolving Credit Facility

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 05, 2025 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) announced that it has entered into a new revolving credit facility (“the new facility”) with an initial commitment of $190 million and the ability to grow to $300 million, led by The Standard Bank of South Africa Limited, Isle of Man Branch with other participating banks and financial partners. This new facility, which is subject to customary administrative conditional precedents, replaces the Company’s existing undrawn revolving credit facility that was provided by Glencore Energy UK Ltd. The Company arranged the new facility primarily to provide short-term funding that may be needed from time-to-time to supplement its internally generated cash flow and cash balance as it executes its planned investment programs across its diversified asset base over the next few years.

    Key terms include:

    • Six-year term with facility amortization to begin on September 30, 2026;
    • Initial commitment of $190 million with the ability to grow to $300 million through a $110 million accordion;
    • Amounts drawn bear interest of 6.5% plus SOFR until the Côte d’Ivoire Floating Production Storage and Offloading vessel (“FPSO”) Dry Dock Refurbishment Project is completed;
    • Interest rate will decrease to 6.0% plus SOFR once the FPSO project is completed;
    • Undrawn available amounts incur a fee of 35% of margin per annum and undrawn unavailable amounts incur a fee of 20% of margin per annum, with semi-annual borrowing base redeterminations; and
    • Secured with Vaalco’s Gabon, Egypt and Côte d’Ivoire assets.

    “Closing this new credit facility will supplement our internally generated cash flow and cash balance to assist in funding our robust organic growth projects,” said George Maxwell, Vaalco’s Chief Executive Officer. “With $190 million in initial commitment and the ability to grow to $300 million, this facility enables us to fund any short-term capital funding needs that may occur as we execute the significant growth projects across our assets over the next couple of years. We appreciate the support shown by our lending group which we believe affirms the strength of our diverse asset base. We are excited about the major projects that we have planned which are expected to deliver a step-change in organic growth across our portfolio.”

    The Company entered into the new facility with The Standard Bank of South Africa Limited, Isle of Man Branch as the lead bank on the facility. Other participants include Rand Merchant Bank, The Mauritius Commercial Bank Limited and Glencore Energy UK Ltd.

    About Vaalco
    Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea, Nigeria and Canada.

    For Further Information

       
    Vaalco Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422
    Website: www.vaalco.com
       
    Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422
    Al Petrie / Chris Delange  
       
    Buchanan (UK Financial PR) +44 (0) 207 466 5000
    Ben Romney / Barry Archer Vaalco@buchanan.uk.com
       

    Forward Looking Statements
    This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and may also include “forward-looking information” within the meaning of applicable Canadian securities law (collectively “forward-looking statements”). Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan” and “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, but are not limited to, statements relating to (i) estimates of future drilling, production, sales and costs of acquiring crude oil, natural gas and natural gas liquids; (ii) expectations regarding Vaalco’s ability to effectively integrate assets and properties it has acquired as a result of the Svenska acquisition into its operations; (iii) expectations regarding future exploration and the development, growth and potential of Vaalco’s operations, project pipeline and investments, and schedule and anticipated benefits to be derived therefrom; (iv) expectations regarding future acquisitions, investments or divestitures; (v) expectations of future dividends; (vi) expectations of future balance sheet strength; and (vii) expectations of future equity and enterprise value.

    Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; risks relating to the timing and costs of completion for scheduled maintenance of the FPSO servicing the Baobab field; and the risks described under the caption “Risk Factors” in Vaalco’s 2023 Annual Report on Form 10-K filed with the SEC on March 15, 2024 and subsequent Quarterly Reports on Form 10-Q filed with the SEC.

    Inside Information
    This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. The person responsible for arranging the release of this announcement on behalf of Vaalco is Matthew Powers, Corporate Secretary of Vaalco.

    The MIL Network –

  • MIL-OSI: Trifork subsidiary TestHuset partners with Cognizant on Testing-as-a-Service in Denmark

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Trifork subsidiary TestHuset partners with Cognizant on Testing-as-a-Service in Denmark

    Copenhagen, 5 March 2025 – TestHuset, a leading company in software testing and quality assurance in Denmark, has entered into a partnership with the U.S.-based company Cognizant to introduce a new perspective on software testing and quality assurance in Denmark.

    The partnership was established as part of KOMBIT’s recent tender, which was jointly awarded to Cognizant and TestHuset. Beyond KOMBIT, the collaboration will also extend to support other clients of both Cognizant and TestHuset. The partnership is anchored in TestHuset’s strong local presence in Denmark and is further strengthened by Cognizant’s experience with Testing-as-a-Service (TaaS) and its international reach through both nearshore and offshore resources.

    KOMBIT’s tender is focused locally on TaaS, and TestHuset expects it will set a precedent for how large Danish private and public organizations will approach software quality assurance in the future. TestHuset anticipates growing demand for on-site TaaS teams supported by products that provide complete, data-driven insights into software quality. To meet this demand, TestHuset offers solutions such as Trifork Quality Intelligence, which delivers a holistic and transparent view of quality, along with a new AI-powered tool that accelerates testing and quality assurance for customers’ digital solutions.

    Allan Tange, CEO of TestHuset, comments:

    “KOMBIT’s tender is both ambitious and innovative, setting new standards for how organizations can rethink their approach to testing and quality assurance of their digital solutions. Our partnership with Cognizant has the potential to significantly enhance the quality of digital solutions across many large Danish enterprises. We are very excited to present our new concept to customers of both Cognizant and TestHuset in the near future.”

    Thomas Djursø, Country Manager at Cognizant, adds:

    “Together with TestHuset, we have created a strong setup for TaaS. With TestHuset’s experience and senior specialists working closely with Cognizant’s team in Denmark, we provide a robust on-site foundation for TaaS. This is further enhanced by Cognizant’s ability to scale through nearshore and offshore delivery and our significant investments in test automation and generative AI. Combined, this ensures that our customers can transition to TaaS with a focus on quality, speed of transformation, and efficiency gains.”

    Investor and media contact
    Frederik Svanholm
    Group Investment Director, Head of IR & PR
    frsv@trifork.com, +41 79 357 7317

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    About TestHuset
    Founded in 2005, TestHuset is a leading quality assurance company helping large organizations improve their software quality. Since 2018, TestHuset has been part of the international development company Trifork. TestHuset delivers consulting, services, and competence development on both local and global levels. TestHuset is headquartered in Copenhagen with 75+ employees in Denmark, Sweden, and Spain. Learn more at testhuset.dk.

    About Cognizant
    Cognizant (Nasdaq: CTSH) is a leading global technology and consulting company that transforms modern businesses, enabling them to operate intuitively and proactively. Cognizant has 340,100 employees and generated $19.4 billion in revenue in 2023. Cognizant helps clients modernize technology, rethink processes, and transform experiences to remain competitive in a rapidly changing world. Together, we are improving everyday life. Learn more at www.cognizant.com or follow @cognizant.

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    The MIL Network –

  • MIL-OSI: Fourth quarter 2024 results: EUR 233 million net income in Q4 2024 Proposed regular dividend of EUR 1.8 per share

    Source: GlobeNewswire (MIL-OSI)

    Press release
    05 March 2025 – N° 03

    Fourth quarter 2024 results

    EUR 233 million net income in Q4 2024

    Proposed regular dividend of EUR 1.8 per share

    • Group net income of EUR 233 million in Q4 2024 driven by all business activities (EUR 235 million adjusted1)
      • P&C combined ratio of 83.1% in Q4 2024 including a low Nat Cat ratio and allowing for ongoing reserving discipline
      • L&H insurance service result2 of EUR 119 million in Q4 2024
      • Investments regular income yield of 3.6% in Q4 2024
    • Economic Value per share of EUR 48 (vs. EUR 51 as of 31 December 2023)
    • IFRS 17 Group Economic Value3 of EUR 8.6 billion as of 31 December 2024, down -6.3% at constant economics3,4. Adjusted for one-offs5, Economic Value growth of +9.8% at constant economics3,4
    • Estimated Group solvency ratio of 210%6 as of 31 December 2024, in the upper part of the optimal range of 185%-220%, fully absorbing the impact of the 2024 L&H assumption review
    • Proposed regular dividend of EUR 1.8 per share for 2024
    • Annualized Return on Equity of 22.8% (23.0% adjusted1) in Q4 2024. For the full year 2024, Return on Equity stands at 0.1% (0.2% adjusted1); adjusted for one-offs5, the annualized Return on Equity would stand at 14.9% for the full year 2024

    SCOR SE’s Board of Directors met on 4 March 2025, under the chair of Fabrice Brégier, to approve the Group’s Q4 2024 financial statements.

    Thierry Léger, Chief Executive Officer of SCOR, comments: “I am satisfied with the fourth quarter results. All business activities contribute to a strong consolidated Group net income. On a full year basis, P&C performance is excellent: the Nat Cat ratio is below the 10% budget, and the underlying performance enables us to build significant prudence two years ahead of plan. Investments performance is strong over the year, taking advantage of the current market conditions. In L&H, we took decisive actions to restore profitability. With a solvency ratio of 210% at year-end remaining in the upper part of the optimal range, SCOR demonstrates resilience as well as enhanced underlying capital generation, leading to a proposed dividend of EUR 1.8 per share. In the prevailing market environment, I’m fully confident that SCOR will continue to grow profitably in diversifying lines of business by leveraging its Tier 1 franchise. We are committed to delivering our Forward 2026 ambitions.”

    Group performance and context

    SCOR records EUR 233 million net income (EUR 235 million adjusted1) in Q4 2024, supported by all business activities:

    • In P&C, the combined ratio of 83.1% in Q4 2024 is primarily driven by a low natural catastrophe ratio of 6.4%. Over the full year 2024, the natural catastrophe ratio of 9.4% is better than the 10% budget. The attritional loss and commission ratio stands at 75.9% in Q4 2024, reflecting a very satisfactory underlying performance allowing for continued reserving discipline. The completion of the annual P&C year-end reserve review confirms all lines are at best estimate and our reserve resilience has increased.
    • In L&H, the insurance service result2 stands at EUR 119 million in Q4 2024, driven by a good level of CSM amortization and risk adjustment release, partially offset by a negative experience variance from the US.
    • In Investments, SCOR benefits from high reinvestment rates and an elevated regular income yield of 3.6% in Q4 2024.
    • The effective tax rate stands at 8% for Q4 2024, mainly reflecting the release of Q2 and Q3 tax provisions related to deferred tax assets.

    The annualized Return on Equity stands at 22.8% (23.0% adjusted1) in Q4 2024.

    Over the full year 2024, SCOR delivers a net income of EUR 4 million (EUR 11 million adjusted1), implying an annualized Return on Equity of 0.1% (0.2% adjusted1), impacted by the outcome of the 2024 L&H assumption review accounting for EUR -0.7 billion (pre-tax) in insurance service result and EUR
    -0.9 billion (pre-tax) in contractual service margin (CSM). The Group Economic Value decreases by 6.3% at constant economics3,4 (+9.8% adjusted for one-offs5).

    SCOR’s Solvency ratio stands at 210% at year-end 2024, in the upper part of the optimal range of 185%-220%, fully absorbing the one-off impact of the L&H assumption review, and demonstrating the Group’s balance sheet resilience.

    Proposed regular dividend of EUR 1.8 per share

    SCOR proposes a regular dividend of EUR 1.8 per share for the fiscal year 2024, stable compared to the fiscal year 2023.

    This dividend will be submitted for shareholders’ approval at the 2025 Annual General Meeting, to be held on 29 April 2025. The Board proposes to set the ex-dividend date at 2 May 2025, and the payment date at 6 May 2025.

    On-going very strong P&C underlying performance

    In Q4 2024, P&C insurance revenue stands at EUR 1,929 million, up +0.4% at constant exchange rates (down -0.5% at current exchange rates) compared to Q4 2023, driven by the effect of a large commutation. Excluding this effect, the insurance revenue would grow by +1.7%.

    New business CSM in Q4 2024 stands at EUR -43 million, impacted by limited renewals in Q4 and an early recognition of the cost of some retrocession contracts renewed at 1 January 2025.

    P&C (re)insurance key figures:

    In EUR million
    (at current exchange rates)    		 Q4 2024 Q4 2023 Variation FY 2024 FY 2023 Variation
    P&C insurance revenue 1,929 1,940 -0.5% 7,639 7,496 1.9%
    P&C insurance service result 238 353 -32.6% 779 897 -13.1%
    Combined ratio 83.1% 75.6% 7.5pts 86.3% 85.0% 1.3pts
    P&C new business CSM -43 -76 43.8% 1,024 952 7.6%

    The P&C combined ratio stands at 83.1% in Q4 2024, compared to 75.6% in Q4 2023. It includes:

    • A Nat Cat ratio of 6.4%, mainly impacted by the losses related to Hurricane Milton (4.7 pts).
    • An attritional loss and commission ratio of 75.9%, reflecting a very satisfactory underlying performance and continued reserving discipline.
    • A discount effect of -9.5%, impacted by the year-end reserves review.
    • An attributable expense ratio of 9.7%, impacted by an expense accounting true-up.

    The P&C insurance service result of EUR 238 million is driven by a CSM amortization of
    EUR 252 million, a risk adjustment release of EUR 45 million, a negative experience variance of
    EUR -38 million and an impact of onerous contract of EUR -21 million. The negative experience variance reflects the prudence building and a low level of retrocession recoveries.

    The impact of the California wildfires is estimated at circa EUR140m, pre-tax and net of retrocessions, which is in line with the Nat Cat budget level of Q1 2025.

    Improved L&H insurance service result in Q4 2024

    In Q4 2024, L&H insurance revenue amounts to EUR 2,055 million, up +8.4% at constant exchange rates (+8.6% at current exchange rates) compared to Q4 2023. L&H New Business CSM7 generation of EUR 113 million in Q4 is driven by Protection and new deals in Longevity.

    The L&H insurance service result2 amounts to EUR 119 million in Q4 2024. It includes:

    • A CSM amortization of EUR 117 million, including a EUR 16 million exceptional release. Excluding this, the annualized CSM amortization rate is 6.9%8.
    • A Risk Adjustment release of EUR 36 million.
    • An experience variance of EUR -49 million, driven by negative deviations in the US.
    • A positive impact of onerous contracts of EUR 12 million reflecting changes in risk adjustment.
    • Offsetting one-off impacts from the 2024 L&H reviews amounting to EUR 1 million.

    L&H reinsurance key figures:

    In EUR million
    (at current exchange rates)    		 Q4 2024 Q4 2023 Variation FY 2024 FY 2023 Variation
    L&H insurance revenue 2,055 1,892 8.6% 8,487 8,426 0.7%
    L&H insurance service result2 119 64 87.5% -348 589 -159.1%
    L&H new business CSM7 113 90 25.4% 485 466 4.1%

    Investments delivering strong results with a regular income yield of 3.6% in Q4 2024

    As of 31 December 2024, total invested assets amount to EUR 24.2 billion. SCOR’s asset mix is optimized, with 78% of the portfolio invested in fixed income. SCOR has a high-quality fixed income portfolio with an average rating of A+, and a duration of 3.8 years (3.0 at year-end 2023) following the implementation of the new ALM strategy.

    Investments key figures:

    In EUR million
    (at current exchange rates)    		 Q4 2024 Q4 2023 Variation FY 2024 FY 2023 Variation
    Total invested assets 24,155 22,914 5.4% 24,155 22,914 5.4%
    Regular income yield* 3.6% 3.7% -0.1pts 3.5% 3.2% 0.3pts
    Return on invested assets*, ** 3.3% 3.7% -0.4pts 3.5% 3.2% 0.3pts

    (*) Annualized.
    (**) Fair value through income on invested assets excludes EUR -3 million in Q4 2024 and EUR -9 million in FY 2024 related to the pre-tax mark to market impact of the fair value of the option on own shares granted to SCOR.

    Total investment income on invested assets stands at EUR 1959 million in Q4 2024. The return on invested assets stands at 3.3%9 (vs. 3.7% in Q4 2023) and the regular income yield at 3.6% (vs. 3.7% in Q4 2023).

    The reinvestment rate stands at 4.5%10 as of 31 December 2024, compared to 4.1% as of 30 September 2024. The invested assets portfolio remains highly liquid and financial cash flows of EUR 9.5 billion are expected over the next 24 months11, enabling SCOR to benefit from elevated reinvestment rates.

    *

    *          *

    APPENDIX

    1 – SCOR Group Q4 2024 key financial details

    In EUR million
    (at current exchange rates)    		 Q4 2024 Q4 2023 Variation FY 2024 FY 2023 Variation
    Insurance revenue 3,984 3,832 4.0% 16,126 15,922 1.3%
    Gross written premiums1 5,049 4,927 2.5% 20,064 19,371 3.6%
    Insurance Service Result2 357 417 -14.3% 432 1,486 -70.9%
    Management expenses -347 -329 -5.2% -1,250 -1,164 -7.4%
    Annualized ROE3 22.8% 15.0% 7.8pts 0.1% 18.1% -18.0pts
    Annualized ROE excluding the mark to market impact of the option on own shares 23.0% 16.6% 6.4pts 0.2% 17.5% -17.2pts
    Net income3,4 233 162 43.2% 4 812 -99.5%
    Net income4 excluding the mark to market impact of the option on own shares 235 179 31.4% 11 780 -98.6%
    Economic value5,6 8,615 9,213 -6.5% 8,615 9,213 -6.5%
    Shareholders’ equity 4,524 4,723 -4.2% 4,524 4,723 -4.2%
    Contractual Service Margin (CSM)6 4,091 4,490 -8.9% 4,091 4,490 -8.9%

    1: GWP is not a metric defined under the IFRS 17 accounting framework (non-GAAP metric); 2: Including revenues on financial contracts reported under IFRS 9; 3: Taking into account the mark to market impact of the option on own shares. Q4 2024 impact of EUR-3 million before tax, FY 2024 impact of EUR -9 million before tax. 4: Consolidated net income, Group share; 5. Defined as the sum of the shareholder’s equity and the Contractual Service Margin (CSM); 6: Net of tax. A notional tax rate of 25% is applied to the CSM.

    2 – P&L key figures Q4 2024

    In EUR million
    (at current exchange rates)    		 Q4 2024 Q4 2023 Variation FY 2024 FY 2023 Variation
    Insurance revenue 3,984 3,832 4.0% 16,126 15,922 +1.3%
    • P&C insurance revenue
    		 1,929 1,940 -0.5% 7,639 7,496 +1.9%
    • L&H insurance revenue
    		 2,055 1,892 8.6% 8,487 8,426 +0.7%
    Gross written premiums1 5,049 4,927 2.5% 20,064 19,371 +3.6%
    • P&C gross written premiums
    		 2,508 2,362 6.2% 9,869 9,452 +4.4%
    • L&H gross written premiums
    		 2,541 2,565 -0.9% 10,195 9,919 +2.8%
    Investment income on invested assets 195 206 -5.3% 800 711 +12.5%
    Operating results 291 350 -17.0% 298 1,366 -78.2%
    Net income2,3 233 162 43.2% 4 812 -99.5%
    Net income2 excluding the mark to market impact of the option on own shares 235 179 31.4% 11 780 -98.6%
    Earnings per share3 (EUR) 1.30 0.91 42.9% 0.02 4.54 -99.6%
    Earnings per share (EUR) excluding the mark to market impact of the option on own shares 1.31 1.00 31.0% 0.06 4.35 -98.6%
    Operating cash flow 197 588 -66.5% 903 1,480 -39.0%

    1: GWP is not a metric defined under the IFRS 17 accounting framework (non-GAAP metric); 2: Consolidated net income, Group share; 3: Taking into account the mark to market impact of the option on own shares. Q4 2024 impact of EUR -3 million before tax, FY 2024 impact of EUR -9 million before tax.

    3 – P&L key ratios Q4 2024

      Q4 2024 Q4 2023 Variation FY 2024 FY 2023 Variation
    Return on invested assets 1,2 3.3% 3.7% -0.4pts 3.5% 3.2% +0.3pts
    P&C combined ratio 3 83.1% 75.6% +7.5pts 86.3% 85.0% +1.3pts
    Annualized ROE4 22.8% 15.0% +7.8pts 0.1% 18.1% -18.0pts
    Annualized ROE excluding the mark to market impact of the option on own shares 23.0% 16.6% +6.4pts 0.2% 17.5% -17.2pts
    Economic Value growth5 n.a. n.a. n.a. -6.3% 8.6% -14.9pts

    1: Annualized; 2: In Q4 2024 and FY 2024, fair value through income on invested assets excludes respectively EUR -3 million and EUR -9 million pre-tax mark to market impact of the fair value of the option on own shares granted to SCOR; 3: The combined ratio is the sum of the total claims, the total variables commissions, and the P&C attributable management expenses, divided by the net insurance revenue for P&C business; 4: Taking into account the mark to market impact of the option on own shares. Q4 2024 impact of EUR -3 million before tax, FY 2024 impact of EUR -9 million before tax; 5: Not annualized. Growth at constant economic assumptions and excluding the mark to market impact of the option on own shares. The starting point is adjusted for the dividend of EUR 1.8 per share (EUR 324 million in total) for the fiscal year 2023, paid in 2024. Economic Value defined as the sum of the shareholders’ equity and the Contractual Service Margin (CSM), net of tax. A notional tax rate of 25% is applied to the CSM.

    4 – Balance sheet key figures as of 31 December 2024

    In EUR million
    (at current exchange rates)    		 As of
    31 December 2024    		 As of
    31 December 2023    		 Variation
    Total invested assets1 24,155 22,914 +5.4%
    Shareholders’ equity 4,524 4,723 -4.2%
    Book value per share (EUR) 25.22 26.16 -3.6%
    Economic Value2 8,615 9,213 -6.5%
    Economic Value per share (EUR)3 48.03 51.18 -6.2%
    Financial leverage ratio4 24.5% 21.2% +3.3pts
    Total liquidity5 2,466 2,234 +10.4%

    1: Excluding third-party net insurance business investments; 2: The Economic Value (defined as the sum of the shareholders’ equity and the Contractual Service Margin (CSM), net of tax) includes minority interests; 3: The Economic Value per share excludes minority interests; 4: The leverage ratio is calculated as the percentage of subordinated debt compared to the sum of Economic Value and subordinated debt in IFRS 17; 5: Including cash and cash equivalents and short-term investments.

    *

    *         *

    SCOR, a leading global reinsurer

    As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.

    The Group generated premiums of EUR 20.1 billion in 2024 and serves clients in more than 150 countries from its 37 offices worldwide.

    For more information, visit: www.scor.com

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations
    Thomas Fossard
    InvestorRelations@scor.com

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    All content published by the SCOR group since January 1, 2024, is certified with Wiztrust. You can check the authenticity of this content at wiztrust.com.

    General

    Numbers presented throughout this press release may not add up precisely to the totals in the tables and text. Percentages and percent changes are calculated on complete figures (including decimals); therefore, this press release might contain immaterial differences in sums and percentages due to rounding. Unless otherwise specified, the sources for the business ranking and market positions are internal.

    Forward-looking statements

    This press release includes forward-looking statements, assumptions, and information about SCOR’s financial condition, results, business, strategy, plans and objectives, including in relation to SCOR’s current or future projects.

    These statements are sometimes identified by the use of the future tense or conditional mode, or terms such as “estimate”, “believe”, “anticipate”, “expect”, “have the objective”, “intend to”, “plan”, “result in”, “should” and other similar expressions.

    It should be noted that the achievement of these objectives, forward-looking statements, assumptions and information is dependent on circumstances and facts that may or may not arise in the future.

    No guarantee can be given regarding the achievement of these forward-looking statements, assumptions and information. These forward-looking statements, assumptions and information are not guarantees of future performance. Forward-looking statements, assumptions and information (including on objectives) may be impacted by known or unknown risks, identified or unidentified uncertainties and other factors that may significantly alter the future results, performance and accomplishments planned or expected by SCOR.

    In particular, it should be noted that the full impact of the economical and geopolitical risks on SCOR’s business and results cannot be accurately assessed.

    Therefore, any assessments, any assumptions and, more generally, any figures presented in this press release will necessarily be estimates based on evolving analyses, and encompass a wide range of theoretical hypotheses, which are highly evolutive.

    Information regarding risks and uncertainties that may affect SCOR’s business is set forth in the 2023 Universal Registration Document filed on March 20, 2024, under number D.24-0142 with the French Autorité des marchés financiers (AMF) posted on SCOR’s website www.scor.com.

    In addition, such forward-looking statements, assumptions and information are not “profit forecasts” within the meaning of Article 1 of Commission Delegated Regulation (EU) 2019/980.

    SCOR has no intention and does not undertake to complete, update, revise or change these forward-looking statements, assumptions and information, whether as a result of new information, future events or otherwise.

    Financial information

    The Group’s financial information contained in this press release is prepared on the basis of IFRS and interpretations issued and approved by the European Union.

    Unless otherwise specified, prior-year balance sheet, income statement items and ratios have not been reclassified.

    The calculation of financial ratios (such as return on invested assets, regular income yield, return on equity and combined ratio) is detailed in the Appendices of the presentation related to the financial results for the full year 2024 (see pages 25-61). The financial results for the full year 2024 included in this press release have been audited by SCOR’s statutory auditors. Unless otherwise specified, all figures are presented in Euros.

    Any figures or financial results for a period subsequent to December 31, 2024 should not be taken as a forecast of the expected financials for these periods.

    The solvency ratio is not audited by SCOR’s statutory auditors. The Group solvency final results are to be filed to supervisory authorities by April 2025 and may differ from the estimates expressed or implied in this press release

    1 Adjusted by excluding the mark to market impact of the option on own shares.

    2 Includes revenues on financial contracts reported under IFRS 9.

    3 Defined as the sum of the shareholders’ equity and the Contractual Service Margin (CSM), net of tax. 25% notional tax rate applied on CSM.

    4 Growth at constant economic assumptions as of 31 December 2023, excluding the mark to market impact of the option on own shares.

    5 Excluding the mark to market impact of the option on own shares, and the impacts of the 2024 L&H assumption review and the Q3 true-up on identified arbitration positions.

    6 Solvency ratio estimated after taking into account the proposed dividend of EUR 1.8 per share for the fiscal year 2024.            

    7 Includes the CSM on new treaties and change in CSM on existing treaties due to new business (i.e. new business on existing contracts).

    8 Applied to the closing CSM (before amortization) at the half year or the full year.

    9 Excluding the mark to market impact of the option on own shares. Q4 2024 impact of EUR -3 million before tax.

    10 Reinvestment rate is based on Q4 2024 asset allocation of yielding asset classes (i.e. fixed income, loans and real estate), according to current reinvestment duration assumptions. Yield curves & spreads as of 31/12/2024.

    11 As of 31 December 2024. Including current cash balances and future coupons and redemptions.

    Attachment

    The MIL Network –

  • MIL-OSI: Atos reports full year 2024 results

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Atos reports full year 2024 results

    Recovery of the commercial activity in Q4 2024

    • Q4 order entry at €2.7 billion
    • Q4 book to bill at 117%, +9 points vs Q4 2023, benefitting from the signature of large multi-year contract renewals and wins
    • FY 2024 book to bill at 82% vs 94% in prior year

    FY 2024 revenue: €9,577 million, down -5.4% organically, impacted by previously-established contract terminations or scope reductions and by market softness in key geographies

    • Eviden: down -6.7% organically
    • Tech Foundations down -4.1% organically

    Operating margin of 2.1% at €199m, with Eviden at 2.0% and Tech Foundations at 2.2%

    • Down -210 bps organically compared with FY 2023, mainly due to the allocation to the business of SG&A costs previously allocated to Other Operating Income & Expenses, as part of the separation project in prior year
    • Operating margin includes circa €40 million of provision for underperforming contracts following negotiations with customers

    Free cash flow at €-2,233 million reflecting the end of one-off working capital optimization actions and higher capex linked to High Performance Computing contracts

    • Working capital optimization at December 2024 of €0.3 billion compared to €1.8 billion in prior year
      • Consisting solely of customer invoices paid in advance without any discount and on a pure voluntary basis;
      • No usage at all of account receivable factoring or specific optimization on trade payables.

    Net income group share of €248 million, including notably:

    • €3,520 million income from the financial restructuring, including a €2,766 million gain on the debt-to-equity swap and €965 million IFRS 9 debt fair value treatment, which will be amortized in subsequent years
    • Goodwill and other non-current assets impairment charge of €2,357 million, reflecting the decrease of the Group’s enterprise value, which takes into account a lower fair value of the financial debts and a lower market capitalization

    Paris, March 5, 2025 – Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its 2024 financial results.

    Philippe Salle, Atos Chairman of the Board of Directors and Chief Executive Officer, declared:

    “It was with great enthusiasm and conviction that I have joined the Atos Group in October 2024. Now that our financial restructuring has been successfully completed in December, the Group can focus on its transformation journey and on providing the highest level of support to our customers through innovation and quality of service. I will present my vision for Atos and our mid-term strategy during a Capital Markets Day on May 14.

    During the fourth quarter, our commercial activity recovered thanks to the positive change of perception of our clients, who took note of the improvement of our credit rating. This positive commercial momentum materialized in renewals or extensions of large strategic multi-year contracts.

    I would like to take this opportunity to sincerely thank the teams involved for their outstanding contribution to the financial structuring of the company and to our employees, customers and partners for their continued support.”

    FY 2024 performance highlights

    In € million FY 2024 FY 2023 Var.   FY 2023* Organic Var.
    Revenue 9,577 10,693 -10.4%   10,124 -5.4%
    Operating Margin 199 467 -268   423 -224
    In % of revenue 2.1% 4.4%   -230bps   4.2%    -210bps
    OMDA 722 1,026 -304      
    In % of revenue 7.6% 9.6%   -200bps      
    Net income 248 -3,441 3,689      
    Free Cash Flow -2,233 -1,078 -1,154      
    Net debt excl. IFRS 9 fair value treatment -1,238 -2,230 992      
    Net debt -275 -2,230 1,955      

    *: at constant scope and December 2024 average exchange rates

    FY 2024 performance by Business

    In € million FY 2024
    Revenue    		 FY 2023
    revenue    		 FY 2023
    revenue*    		 Organic variation*
    Eviden 4,604 5,089 4,937 -6.7%
    Tech Foundations 4,972 5,604 5,187 -4.1%
    Total 9,577 10,693 10,124 -5.4%
    In € million FY 2024
    Operating margin    		 FY 2023 Operating margin FY 2023
    Operating margin*    		   FY 2024
    Operating margin %    		 FY 2023 Operating margin% FY 2023 Operating margin%* Organic variation*
    Eviden 90 294 272   2.0% 5.8% 5.5% -350 bps
    Tech Foundations 109 172 151   2.2% 3.1% 2.9% -70 bps
    Total 199 467 423   2.1% 4.4% 4.2% -210 bps

    *: at constant scope and December 2024 average exchange rates

    Group revenue was €9,577 million, down -5.4% organically compared with FY 2023. Overall, Group revenue evolution in 2024 reflects previously-established contract terminations or scope reductions and market softness in key geographies

    Eviden revenue was €4,604 million, down -6.7% organically.

    • Digital activities decreased high single digit. The business was impacted by previously-established contract terminations and contract scope reductions, as well as by the continued market softness in North America, in the UK & Ireland and in Benelux and the Nordics.
    • Big Data & Security (BDS) revenue was roughly stable organically. Advanced Computing grew mid-single digit with large project deliveries in Denmark and Germany particularly during the fourth quarter. Revenue in Digital Security decreased low single digit due to contract terminations and volume decline.

    Tech Foundations revenue was €4,972 million, down -4.1% organically.

    • Core revenue (excluding BPO and value-added resale (“VAR”)) decreased low single digit. Stronger revenue in Major Events (related to the Paris Olympic & Paralympic games and the UEFA) was offset by previously-established contract terminations and completions in North America and by contract scope and volume reduction in the UK.
    • Non-core revenue declined high single digit as planned, reflecting deliberate reduction of BPO activities in the UK and reduced value-added resale for hardware and software products.

    Group operating margin was €199 million representing 2.1% of revenue, down -210 basis points organically compared with 2023:

    • This margin decrease comes mainly from the allocation to the business of €103 million SG&A costs previously allocated to Other Operating Income & Expenses as they related to the separation project conducted in 2023. The profitability of the Group was also impacted by revenue decrease and lower utilization of resources. Operating margin also includes circa €40 million of provision for underperforming contracts following negotiations with customers
    • Eviden’s operating margin was €90 million or 2.0% of revenue, down -350 basis points organically. Beyond the allocation of SG&A costs to the business for €48 million, profitability was also impacted by revenue decrease and lower utilization of resources.
    • Tech Foundations’ operating margin was €109 million or 2.2% of revenue down by -70 basis points organically. The positive impacts from the continued execution of the transformation program and the accelerated reduction of under-performing contracts via renegotiation were offset by higher allocation of SG&A cost to the business for €55 million.

    FY 2024 performance by Regional Business Unit

    In € million FY 2024
    Revenue    		 FY 2023
    revenue    		 FY 2023
    revenue*    		 Organic variation*
    North America 1,909 2,280 2,177 -12.3%
    UK / IR 1,500 1,770 1,763 -14.9%
    Benelux and the Nordics (BTN) 946 911 905 +4.6%
    Central Europe 2,207 2,506 2,253 -2.1%
    Southern Europe 2,080 2,284 2,119 -1.9%
    Growing markets 924 930 893 +3.4%
    Others & Global structures 11 12 13 -16.3%
    Total 9,577 10,693 10,124 -5.4%
    In € million FY 2024
    Operating margin    		 FY 2023 Operating margin FY 2023
    Operating margin*    		   FY 2024
    Operating margin %    		 FY 2023 Operating margin% FY 2023 Operating margin%* Organic variation*
    North America 161 244 229   8.5% 10.7% 10.5% -200 bps
    UK / IR 72 75 77   4.8% 4.2% 4.3% +40 bps
    Benelux and the Nordics (BTN) 7 23 23   0.8% 2.5% 2.5% -170 bps
    Central Europe 10 31 23   0.5% 1.3% 1.0% -60 bps
    Southern Europe 80 99 82   3.9% 4.3% 3.9% +0 bps
    Growing markets 31 92 88   3.4% 9.9% 9.9% -650 bps
    Others & Global structures -163 -97 -98   N/A N/A N/A N/A
    Total 199 467 423   2.1% 4.4% 4.2% -210 bps

    *: at constant scope and December 2024 average exchange rates

    North America revenue was €1,909 million, down -12.3% organically, impacted by contract terminations and general slowdown in market conditions.

    • Eviden revenue was down double digit, impacted by contract terminations and volume decline in Healthcare, Finance, and Transport & Logistics. BDS revenue remained stable.
    • Tech Foundations revenue was down high single digit due to contract completions and terminations in Media and in Insurance, as well as scope reductions with select customers.

    Operating margin was €161 million or 8.5% of revenue, down -200 basis points organically.

    • Eviden’s margin declined, impacted by volume reduction and contract terminations.
    • Tech Foundations margin declined, due to lower utilization of resources and volume reduction.

    UK & Ireland revenue was €1,500 million, down -14.9% organically.

    • Eviden revenue was down double digit. Digital revenue decreased, reflecting contract completions and volume reduction in the Public Sector. BDS revenue decreased as well, following the discontinuation of the low-margin “computing as a service” offering.
    • Revenue in Tech Foundations was down double digit, due to contract completion in Public Sector BPO activities.

    Operating margin was €72 million, or 4.8% of revenue, up +40 basis points organically. Tech Foundations margin benefited from the extension of a large multi-year contract renewed at better financial terms, while Eviden margin was impacted by revenue decline and lower utilization of resources in Digital.

    Benelux and the Nordics revenue was € 946 million, up +4.6% organically

    • Eviden revenue was up double digit, thanks particularly to BDS, with a new supercomputer sold to an innovation center in Denmark.
    • Revenue in Tech Foundations was down low single digit, with contract completions and volume decline in Healthcare and in Utilities.

    Operating margin was €7 million, or 0.8% of revenue, down -170 basis points organically. Profitability was impacted by project overruns and lower utilization of resources in Digital.

    Central Europe revenue was € 2,207 million, down -2.1% organically.

    • Eviden revenue was down low single digit. Decline in Digital due to volume reduction from Manufacturing and Defense customers was partially offset by the ongoing delivery of a large HPC in Germany.
    • Tech Foundations revenue was down low-single digit, reflecting scope reductions in the Banking and Automotive sectors.

    Operating margin was €10 million or 0.5% of revenue, down -60 basis points organically. Tech Foundations’ margin improvement was offset by Eviden’s profitability decrease.

    Southern Europe revenue was €2,080 million, down -1.9% organically.

    • Eviden revenue was down low-single digit. Digital activities declined due to volume reduction in Automotive, Transport & Logistics and Banking sectors. The delivery of a supercomputer project in Spain provided a higher prior year comparison basis for BDS.
    • Tech Foundations revenue declined low single digit due to contract completions with select customers.

    Operating margin was €80 million or 3.9% of revenue, broadly stable organically. BDS’ margin improvement driven by ongoing contracts deliveries was partially offset by Eviden profitability decrease due to lower utilization of resources in Digital.

    Growing Market revenue was €924 million, up +3.4% organically, reflecting stronger contributions related to the Paris Olympic & Paralympic Games and the UEFA contract.

    Operating margin was €31 million or 3.4% of revenue, down -650 basis points reflecting higher marketing expenses for Major Events.

    Others and Global Structures encompass the Group’s global delivery centers and global structures:

    • Global delivery centers net cost was €-72 million, broadly stable compared with last year.
    • Global Structures net cost was €-91 million and increased by €65 million, impacted by higher SG&A costs allocated to Operating margin in 2024 (rather than allocated to Other Operating Income, as part of the separation project in prior year).

    Order entry and backlog

    FY 2024 commercial activity

    Order entry reached €7.9 billion in 2024. Eviden order entry was €4.1 billion and Tech Foundations order entry was €3.8 billion.

    Book-to-bill ratio for the Group was 82% in 2024, down from 94% in 2023.

    • Eviden reported a book-to-bill ratio of 88% in 2024, down from 94% in 2023
    • Tech Foundations reported a book-to-bill ratio of 76% in 2024, down from 94% in 2023

    Q4 2024 commercial activity

    Order entry reached €2.7 billion in Q4 2024 bringing book to bill ratio to 117% for the quarter, benefitting from renewed client confidence thanks to the completion of the financial restructuring.

    Eviden reported a book-to-bill ratio of 111% for the fourth quarter, increasing strongly by +12 points compared with Q4 2023, notably led by a strong performance of Digital with a book to bill at 127%.
    Main contract signatures in the fourth quarter included an application management services contract with a Ministry of Economy, contract renewals in application management and cybersecurity services with a large American retail company and with a large health provider, as well as a High-Performance Computer (HPC) upgrade with a European scientific community.

    Tech Foundations reported a book-to-bill ratio of 122% for the fourth quarter, increasing by +6 points compared with Q4 2023.
    Main contract signatures in the fourth quarter included a 4-years contract extension for IT and digital transformation services with a state-owned savings bank. Several multi-year strategic contracts were renewed, in particular to provide Digital Workplace and Hybrid Cloud & Infrastructure services for North American and UK & Ireland customers in Financial Services, Public Sector, and Transport & Logistic.

    Backlog & commercial pipeline

    At the end of December 2024, the full backlog reached €13.0 billion representing 1.3 years of revenue.

    The full qualified pipeline amounted to €4.3 billion at the end of December 2024, representing 5.1 months of revenue.

    Human resources

    The total headcount was 78,112 at the end of December 2024, decreasing by -17.9% compared with the end of December 2023 and includes:

    • Transfers of 4,900 employees to new providers in Q3 2024 following contract completions in North America and in the UK. Excluding these transfers, headcount has decreased by circa -13%,
    • Worldgrid disposal in Q4 2024 (-973 employees).

    During the year, the Group hired 9,388 staff (of which 93.3% were Direct employees).

    Employe attrition rate remained in line with historical levels, increasing slightly from 14.5% in 2023 to 15.6% in 2024. FY 2024 retention rate for key employees remained high at 92%.

    Net income

    Net income group share was €248 million, primarily due to a €3,520 million financial gain related to the financial restructuring of the Group and a €2,858 million cost recorded in Other Operating Income and Expenses, which included a €2,357 million impairment charges on goodwill and non-current assets.

    Free cash flow

    Free cash flow was €-2,233 million in 2024 reflecting primarily the end of one-off working capital optimization actions resulting in a negative change in working capital requirement for €1,498 million and higher capex linked to HPC contracts for €239 million.

    Net debt and debt covenants

    At December 31, 2024, net debt was €1,238 million (€275 million including IFRS 9 debt fair value treatment), compared to € 2,230 million as of December 31, 2023. and consisted of:

    • Cash and cash equivalents for €1,739 million
    • Short-term financial assets for €93 million
    • Borrowings for €3,069 million (nominal value) or €2,107 million (IFRS fair value)

    The new credit documentation requires the Group to maintain:

    • from 31 March 2025, a minimum liquidity level of €650 million, to be verified at the end of each financial quarter;
    • from 30 June 2027, as from each half-year end, a maximum level of financial leverage (“Total Net Leverage Ratio Covenant”), which is defined as the ratio of Financial indebtedness (mainly excluding IFRS 16 impacts and IFRS 9 debt fair value treatment) to pre-IFRS 16 OMDA; the ceilings thus applicable will be determined no later than 30 June 2026 with reference to a flexibility of 30% in relation to the Business Plan adopted by the Group at that time; these ceilings will in any event remain between 3.5x and 4.0x.

    As at December 31, 2024, the Group financial leverage (as defined above and pre IFRS 9 debt fair value treatment) was 3.16x.

    Going concern and liquidity

    The consolidated financial statements of the Group for the year ended December 31, 2024 have been prepared on a going concern basis.

    The Group’s cash forecasts for the twelve months following the approval of the 2024 consolidated financial statements by the Board of Directors, result in a cash situation that meets its liquidity needs over that period.

    The cash forecasts, which take into account the latest business forecasts, have been prepared based on the assumptions which were in line with the Group updated business plan communicated on September 2, 2024.

    It is reminded that as part of its financial restructuring and following the completion on 18 December 2024 of the final steps of the Accelerated Safeguard Plan approved by the specialized Commercial Court of Nanterre on 24 October 2024, which resulted in:
    (i)      a €2.1 billion gross debt reduction through the equitization of €2.9 billion of existing financial debts and the repayment of €0.8 billion interim financings with the new money debt provided to the Company;

    (ii)      €1.6 billion of new money debt and €0.1 billion of new money equity from the rights issue and the additional reserved capital increase and

    (iii)      no debt maturities before the end of 2029,

    the Group now has the resources and flexibility to execute its midterm strategy.

    Operating margin to Operating income

    In € million 2024 2023
    Operating margin 199 467
    Reorganization -119 -696
    Rationalization and associated costs -37 -38
    Integration and acquisition costs 3 4
    Amortization of intangible assets (PPA from acquisitions) -57 -108
    Equity based compensation -2 -19
    Impairment of goodwill and other non-current assets -2 357 -2 546
    Other items -288 -169
    Operating (loss) -2 659 -3 106

    Non recurring items were a net expense of €2,858 million.

    Reorganization costs amounted to € 119 million.

    • Workforce adaptation measures relating mainly to restructuring plans launched in previous years were €77 million compared with €343 million in 2023, as the Group limited restructuring expenses to manage its cash position in 2024.
    • Separation and transformation related to the 2023 legal carve-out were incurred mostly at the start of the year for €42 million. In 2023, these costs amounted to €353 million, of which about one third corresponded to internal project costs.

    Rationalization and associated costs amounted to € 37 million compared to € 38 million in 2023, mainly corresponding to the continuation of the data centers consolidation program.

    Integration and acquisition costs amounted to € 3 million as certain earn-out and retention schemes did not materialize and were thus released to the income statement.

    Amortization of intangible assets recognized in the purchase price allocation amounted to €57 million and was mainly composed of Syntel customer relationships and technologies.

    Impairment of goodwill and other non-current assets amounted to € 2,357 million and mostly related:

    • To the impairment of goodwill for € 2,240 million in both Eviden (Americas and Northern Europe & APAC) and Tech Foundations (Northern Europe & APAC), and ;
    • To the impairment of customer relationships for € 109 million in Americas as a result of customer contract terminations.

    In 2024, Other items were a net expense of €288 million compared with €169 million in 2023 and included:

    • €74 million of net capital gain related to the sale of Worldgrid offset by additional losses recognized on past transactions ;
    • €160 million of losses related to onerous contracts that were accounted for in OOI in previous years;
    • €96 million of legal fees and settlement related to major litigations, including the settlement concluded with Unisys in December;
    • €78 million of current assets write offs; and
    • €28 million of costs related to early retirement programs in Germany, the UK and France as well as others non-recurring items.

    As a result, operating loss was at €-2,659 million, compared with a loss of €-3,106 million in 2023, reflecting primarily the €2,357 million impairment charge.

    Operating Income to Net income Group Share

    In € million 2024 2023
    Operating (loss) -2,659 -3,106
    Net financial income (expense) 3,121 -227
    Tax charge -214 -112
    Non-Controlling interests – -1
    Share of net profit of equity-accounted investments – 5
    Net income (loss) Group Share 248 -3,441
    Basic earning per share 0.034 -31.04
    Diluted earning per share 0.031 -31.04

    Net financial income was €3,121 million and was composed of:

    • The net cost of financial debt of €178 million, compared with €102 million in 2023. This €76 million increase mainly resulted from:
      • €38 million higher cost on the old debt (additional portions drawn on the RCF and higher interest rates on the Term Loan A);
      • €13m interests on the interim financing;
      • €12m interests on the new financing structure.
    • Other financial items for a net income of € 3,299 million in 2024 compared to net expense of € 125 million in 2023, composed mainly of:
      • The gain related to the financial restructuring of the Group for €3,520 million, detailed as follows:
    In € million 2024
    Fair value gain on the debt converted into equity 2,766
    Fair value gain on the new debt 965
    Fair value of the issued warrants -45
    Subtotal at financial restructuring date 3,686
    Costs and fees reported in the income statement -165
    Impact reported under the other financial income 3,520
    • Other items of €221 million, including notably:
      • €78 million of exit fees on Interim financing loans repaid as part of financial restructuring on December 18, 2024;
      • €36 million lease liability interest (€26 million in 2023). This variation mainly resulted from the increase in discount rates;
      • €30 million financial expense on pensions(€31 million in 2023). This pension financial cost represents the difference between interest costs on pension obligations and the return on plan assets;
      • €29 million of net foreign exchange loss, including hedges (loss of €19 million in 2023);
      • €15 million of prior year transaction costs included in financial debts, which were fully amortized in 2024 in the context of the financial restructuring of the Group.

    The tax charge for 2024 was €214 million, compared with €112 million in 2023. This €+102 million increase was mainly due to:

    • A €59 million impairment charge on deferred tax assets
    • A €37 million expense related to non-recoverable withholding tax

    Net income group share was €248 million, primarily due to a €3,520 million financial gain related to the financial restructuring of the Group and a €2,858 million cost recorded in Other Operating Income and Expenses, which included a €2,357 million impairment charges on goodwill and non-current assets.

    Earnings per share

    Basic earnings per share were €0.034. per share in 2024 and diluted earnings per share were €0.031 per share.

    Free cash flow and net cash

    In € million 2024 2023
    Operating Margin before Depreciation and Amortization (OMDA) 722 1,026
    Capital expenditures -444 -205
    Lease payments -301 -358
    Change in working capital requirement* -1,192 -391
    Cash from operations (CFO)* -1,214 73
    Tax paid -81 -77
    Net cost of financial debt paid -178 -102
    Reorganization in other operating income -245 -605
    Rationalization & associated costs in other operating income -9 -47
    Integration and acquisition costs in other operating income -3 -8
    Other changes** -504 -312
    Free Cash Flow (FCF) -2,233 -1,078
    Net (acquisitions) disposals 162 411
    Capital increase 3,049 –
    Share buy-back -2 -3
    Dividends paid -18 -35
    Change in net (debt) 958 -705
    Opening net cash (debt) -2,230 -1,450
    Change in net cash (debt) 958 -705
    Foreign exchange rate fluctuation on net cash (debt) 34 -75
    Closing net (debt) excl. IFRS fair value treatment -1,238 -2,230
    IFRS Debt fair value treatment 963 –
    Closing net (debt) -275 -2,230

    * Change in working capital requirement excluding the working capital requirement change related to items reported in other operating income and expense.

    ** “Other changes” include other operating income and expense with cash impact (excluding staff reorganization, rationalization and associated costs, integration and acquisition costs) and other financial items with cash impact, net long term financial investments excluding acquisitions and disposals, and profit sharing amounts payable transferred to debt

    Free cash flow was €-2,233 million in 2024 reflecting primarily the end of one-off working capital optimization actions resulting in a negative change in working capital requirement for €1,498 million and higher capex linked to HPC contracts for €239 million.

    Capital expenditures and lease payments totaled €745 million, up €182 million from the prior year reflecting a significant investment in the energy-efficient Exascale technology.

    Change in working capital requirement was €-1,192 million, primarily from €-1,498 million lower working capital optimization compared with end of fiscal 2023. As at December 2024, working capital benefited from invoices paid in advance by customers for € 319 million, without any discount and on a pure voluntary basis. As at December 31, 2023, total specific optimization carried out by the Group to optimize its working capital amounted to € 1,817 million.

    Cash out related to taxes paid increased by € 4 million and amounted to € 81 million in 2024, including € 6 million of taxes paid in connection with carve-out transactions completed in 2024.

    Net cost of financial debt was €178 million as explained above.

    The total of reorganization, rationalization & associated costs and integration & acquisition costs reached €256 million compared with €660 million in 2023 and included:

    • €135 million of reorganization costs in connection with restructuring measures as well as the continuation of the German restructuring plans; and
    • €110 million of costs related to the outstanding activities on the separation of the Group incurred mostly over the first quarter of the year.

    Cash out related to Other changes was €-504 million compared to € -312 million in 2023, and included:

    • €166 million of costs incurred on onerous contracts (purchase commitments and customer contracts);
    • €144 million of transaction costs paid in the context of the financial restructuring;
    • €78 million of exit fees on interim financing
    • Costs related to litigations

    As a result of the above impacts mainly driven by the change in the working capital requirement, the Group Free Cash Flow was € -2,233 million in 2024, compared to € -1,078 million in 2023.

    The net cash impact resulting from disposals was €162 million mainly related to the net cash proceeds from the Worldgrid disposal of €232 million, partly offset by the write-off of a receivable on a past disposal.

    Capital increase amounted to €3,049 million and were made of :

    • €2,904 million of equitization of financial debts; and
    • €145 million of new money equity raised mainly from the Rights Issue

    In the context of the financial restructuring process of the Group.

    No dividends were paid to Atos SE shareholders in 2024. The €18 million cash out (€35 million in 2023) corresponded to taxes withheld on internal dividend distributions and to dividends paid to minority interests.

    Foreign exchange rate fluctuation determined on debt or cash exposure by country represented a decrease in net debt of €34 million.

    As a result, the Group net debt position as of December 31, 2024 was €275 million (€1,238 million excluding the IFRS 9 debt fair value treatment), compared to €2,230 million as of December 31, 2023.

    Consolidated financial statements

    Atos consolidated financial statements for the year ended December 31, 2024, were approved by the Board of Directors on March 4, 2025. Audit procedures on the consolidated financial statements have been completed and the audit report will be issued after the review of the 2024 Universal Registration Document.

    Advance Computing sales process update

    On November 25, 2024, Atos announced that it has received a non-binding offer from the French State for the potential acquisition of 100% of the Advanced Computing activities of its BDS division, based on an enterprise value of €500 million, to be potentially increased to €625 million including earn-outs.

    The offer received from the French State provides for an exclusivity period until May 31, 2025. If the exclusive negotiations lead to an agreement and subject to obtaining the customary commercial, employee and administrative authorizations, a Share Purchase Agreement, subject to work councils’, opinion may be signed by that date. An initial payment of €150 million is expected to be made available to Atos upon signing of the Share Purchase Agreement.

    In addition, Atos has engaged into a sale process for its Mission Critical Systems business.

    Capital Markets Day

    Atos will present an update of its strategy and organization during a Capital Markets Day that will be held in Paris on May 14, 2025.

    Dividend

    Atos Board of Directors decided, in its meeting held on March 4, 2025, not to propose a dividend payment to the next Annual General Meeting.

    Conference call

    Atos’ Management invites you to an international conference call on the Group 2024 results, on Wednesday, March 5th, 2025 at 08:00 am (CET – Paris).

    You can join the webcast of the conference:

    • via the following link: https://edge.media-server.com/mmc/p/5g7hv4ka
    • by telephone with the dial-in, 10 minutes prior the starting time. Please note that if you want to join the webcast by telephone, you must register in advance of the conference using the following link:

    https://register.vevent.com/register/BIa3f9570d64b4412c8f5192ad4ad6d30b

    Upon registration, you will be provided with Participant Dial In Numbers, a Direct Event Passcode and a unique Registrant ID. Call reminders will also be sent via email the day prior to the event.
    During the 10 minutes prior to the beginning of the call, you will need to use the conference access information provided in the email received upon registration.

    After the conference, a replay of the webcast will be available on atos.net, in the Investors section.

    Forthcoming events

    April 25, 2025 (Before Market Opening) First quarter 2025 revenue
    May 14, 2025 Capital Markets Day
    June 13, 2025 Annual General Meeting
       
    August 1st, 2025 (Before Market Opening)  First semester 2025 results

    APPENDIX

    Q4 2024 revenue

    In € million Q4 2024
    Revenue    		 Q4 2023
    Revenue*    		 Organic variation*
    Eviden 1,126 1,280 -12.0%
    Tech Foundations 1,182 1,329 -11.0%
    Total 2,309 2,608 -11.5%
    In € million Q4 2024
    Revenue    		 Q4 2023
    Revenue*    		 Organic variation*
    North America 410 528 -22.3%
    UK / IR 322 447 -28.1%
    Benelux and the Nordics (BTN) 218 232 -6.1%
    Central Europe 586 580 +1.1%
    Southern Europe 519 556 -6.6%
    Growing markets 251 261 -3.9%
    Others & Global structures 2 4 -34.6%
    Total 2,309 2,608 -11.5%

    *: at constant scope and December 2024 average exchange rates

    Group revenue was €2,309 million in Q4, down -11.5% organically compared with Q4 2023.

    Eviden revenue was €1,126 million, down -12.0% organically.

    • Digital activities decreased double digit. The business was impacted by previously-established contract terminations contract scope reductions, as well as the continued market softness in North America and in the UK & Ireland.
    • Big Data & Security (BDS) revenue grew low single digit organically. Advanced Computing grew with large project deliveries in Germany.

    Tech Foundations revenue was €1,182.0 million, down -11.0% organically.

    • Core revenue (excluding BPO and value-added resale (“VAR”)) decreased high-single digit, mainly impacted by contract terminations in North America and previously-established contract scope and volume reduction in UK.
    • Non-core revenue declined double digit reflecting deliberate reduction of BPO activities in the UK and less value-added resale for hardware and software products.

    FY 2023 revenue and operating margin at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue and OM for FY 2024 is compared with FY 2023 revenue and OM at constant scope and foreign exchange rates. Reconciliation between the FY 2023 reported revenue and OM, and the FY 2023 revenue and OM at constant scope and foreign exchange rates is presented below, by Business Lines and Regional Business Units.

    FY 2023 revenue
    In € million    		 FY 2023
    published    		 Internal transfers Scope effects Exchange rates effects FY 2023*
    Eviden 5,089 33 -192 7 4,937
    Tech Foundations 5,604 -33 -401 17 5,187
    Total 10,693 0 -592 24 10,124
               
               
    FY 2023 revenue
    In € million    		 FY 2023
    published    		 Internal transfers Scope effects Exchange rates effects FY 2023*
    North America 2,280 -1 -96 -6 2,177
    Benelux and the Nordics (BTN) 911 0 -7 0 905
    UK / IR 1,770 0 -53 47 1,763
    Central Europe 2,506 0 -254 2 2,253
    Southern Europe 2,284 0 -164 0 2,119
    Growing Markets 930 0 -18 -19 893
    Others & Global structures 12 1 0 0 13
    Total 10,693 0 -592 24 10,124

    *: at constant scope and December 2024 average exchange rates

    FY 2023 Operating margin
    In € million    		 FY 2023
    published    		 Internal transfers Scope effects Exchange rates effects FY 2023*
    Eviden 294 0 -25 2 272
    Tech Foundations 172 0 -20 -1 151
    Total 467 0 -45 1 423
               
               
    FY 2023 Operating margin
    In € million    		 FY 2023
    published    		 Internal transfers Scope effects Exchange rates effects FY 2023*
    North America 244 1 -15 -1 229
    Benelux and the Nordics (BTN) 23 0 -1 0 23
    UK / IR 75 4 -5 2 77
    Central Europe 31 -3 -6 0 23
    Southern Europe 99 -2 -16 0 82
    Growing Markets 92 0 -3 -1 88
    Others & Global structures -97 -1 0 0 -98
    Total 467 0 -45 1 423

    *: at constant scope and December 2024 average exchange rates

    Scope effects on revenue amounted to €-592 million and €-45 million on operating margin. They mainly related to the divesture of UCC, EcoAct, Italy, State Street JV, and Worldgrid.

    Currency effects positively contributed to revenue for €+24 million and €+1 million on operating margin. They mostly came from the appreciation of the British pound, partially compensated by the depreciation of the Brazilian real, the US dollar, the Argentinian peso and the Turkish lira.

    Q4 2023 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q4 2024 is compared with 2023 revenue at constant scope and foreign exchange rates.

    In 2023, the Group reviewed the accounting treatment of certain third-party standard software resale transactions following the decision published by ESMA in October 2023 that illustrated the IFRS IC decision and enacted a restrictive position on the assessment of Principal vs. Agent under IFRS 15 for such transactions. The Q4 2023 revenue is therefore restated by € +48 million. The impact affected Eviden in North America RBU.

    Reconciliation between the 2023 reported fourth quarter revenue and the 2023 fourth quarter revenue at constant scope and foreign exchange rates is presented below, by Business Lines and Regional Business Units:

    Q4 2023 revenue
    In € million    		 Q4 2023 published Restatement Q4 2023 restated Internal transfers Scope effects Exchange rates effects Q4 2023*
    Eviden            1,247                   48 1,295     -1 -22 8           1,280   
    Tech Foundations           1,308    –           1,308    1 -1 21           1,329   
    Total 2,555 48 2,602 0 -23 29 2,608
                   
                   
    Q4 2023 revenue
    In € million    		 Q4 2023 published Restatement Q4 2023 restated Internal transfers Scope effects Exchange rates effects Q4 2023*
    North America 483 48 531 -1 -1 -1 528
    Benelux and the Nordics 233 0 233 0 -1 0 232
    UK / IR 433 0 433 0 -3 18 447
    Central Europe 582 0 582 0 -2 0 580
    Southern Europe 571 0 571 0 -16 0 556
    Growing markets 250 0 250 0 0 12 261
    Others & Global structures 3 0 3 1 0 0 4
    Total 2,555 48 2,602 0 -23 29 2,608

    *: at constant scope and December 2024 average exchange rates

    Disclaimer

    This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2023 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on May 24, 2024 under the registration number D.24-0429, as updated by chapter 2 “Risk factors” of the first amendment to Atos’ 2023 universal registration document filed with the Autorité des Marchés Financiers (AMF) on November 7, 2024 under the registration number D.24-0429-A01 and by chapter 2 “Risk factors” of the second amendment to Atos’ 2023 universal registration document filed with the Autorité des Marchés Financiers (AMF) on December 11, 2024 under the registration number D.24-0429-A02, and the half-year report filed published on August 6, 2024. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

    This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

    About Atos

    Atos is a global leader in digital transformation with circa 78,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 68 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:

    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96

    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: +33 8 05 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

    The MIL Network –

  • MIL-OSI: BW Offshore: Company presentation

    Source: GlobeNewswire (MIL-OSI)

    Company presentation

    BW Offshore is presenting at DNB Energy & Shipping Conference today. Please see the attached presentation.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55
    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of 3 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    Attachment

    The MIL Network –

  • MIL-OSI: ASML publishes agenda Annual General Meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    ASML publishes agenda Annual General Meeting 2025
    Nomination Karien van Gennip as new member of the Supervisory Board

      
    VELDHOVEN, the Netherlands, March 5, 2025 – Today, ASML Holding NV (ASML) has published the agenda for the 2025 Annual General Meeting (AGM) which will be held in ASML’s TWINSCAN Auditorium in Veldhoven on Wednesday, on April 23, 2025, starting at 10:00 CET.

    The AGM will be organized in a hybrid format. Shareholders may attend the AGM in person or virtually.

    The agenda with the explanatory notes and other meeting documents are available on ASML’s website asml.com/agm2025.

    Changes to Supervisory Board
    ASML furthermore announces that Annet Aris will not stand for re-election as a member of the Supervisory Board at the end of her current term, which ends per the 2025 AGM.

    The Supervisory Board expresses its thanks to Annet Aris, who has served on the Supervisory Board since 2015, for her valuable contributions, in particular as Vice Chair of the Supervisory Board and member of the Remuneration, Selection & Nomination and Technology Committees. The Supervisory Board wishes her all the best for the future.

    The Supervisory Board nominates Karien van Gennip for appointment as a member of the Supervisory Board effective from the 2025 AGM. Karien van Gennip, a Dutch citizen, has a wealth of leadership experience spanning professional services, financial services, and public policy. Most recently, between January 2022 and July 2024, Karien van Gennip served as the Minister of Social Affairs and Employment and Deputy Prime Minister in the Dutch government.

    With an educational background in physics from Delft University of Technology, and an MBA from INSEAD, Karien van Gennip worked as a consultant at McKinsey & Company in the early stages of her professional career. She transitioned to leadership roles in the public domain and in finance, serving as a Director Supervision at the Dutch Authority for Financial Markets, Secretary of State of Economic Affairs/Minister for Foreign Trade in the Dutch government between 2003 and 2007, and as a Member of the Dutch Parliament between 2006 and 2008. Karien van Gennip held various management positions at ING between 2008 and 2020, most recently as the CEO of ING France, after which she served as the CEO of Dutch healthcare insurer VGZ until 2022.

    “We are very pleased to nominate Karien van Gennip for appointment to our Supervisory Board. With her broad background and rich experience, the Supervisory Board expects that she will bring great value and new perspectives to the Supervisory Board,” said Nils Andersen, Chair of the Supervisory Board.

    The agenda of the 2025 AGM also includes the nomination to reappoint Birgit Conix as a member of the Supervisory Board for four years, effective April 23, 2025. Terri Kelly has been elected as the Vice-Chair of the Supervisory Board, following the retirement of Annet Aris.

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Sarah de Crescenzo +1 925 899 8985 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

      
    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

    Attachment

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  • MIL-OSI: ASML publishes 2024 Annual Reports

    Source: GlobeNewswire (MIL-OSI)

    ASML publishes 2024 Annual Reports
    Sustainability statements reported in accordance with the ESRS for the first time

      
    VELDHOVEN, the Netherlands, March 5, 2025 – Today, ASML Holding NV (ASML) has published its 2024 Annual Reports.

    The 2024 Annual Reports (‘Powering technology forward with you’) highlight ASML’s commitment to bring technology forward by developing the tools that enable faster, more powerful and energy-efficient microchips, allowing our customers to address some of society’s biggest challenges. Our ongoing innovation relies on strong partnerships with our stakeholders, and together, we’re creating sustainable solutions. The 2024 Annual Reports reflect on ASML’s business model and strategy, corporate governance, sustainability and financial performance. For the first time, our Annual Reports include sustainability statements in accordance with the European Sustainability Reporting Standards (ESRS). The full reports and introductory video with CFO Roger Dassen are published on our website www.asml.com.

    ASML’s primary accounting standard is US GAAP, the accounting principles generally accepted in the US. In addition to reporting in accordance with US GAAP, ASML also reports in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS) for Dutch statutory purposes. The most significant recurring differences between US GAAP and IFRS that affect ASML concern the capitalization of certain product development costs and accounting for income taxes.

    ASML will file its 2024 Annual Report based on US GAAP on Form 20-F with the US Securities and Exchange Commission (SEC), and its 2024 Annual Report based on IFRS-EU with the Dutch Authority for the Financial Markets (AFM). ASML’s 2024 Annual Report will also be available at www.sec.gov. The 2024 Annual Report based on IFRS will be available at www.afm.nl.

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Sarah de Crescenzo +1 925 899 8985 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

    Attachment

    The MIL Network –

  • MIL-OSI: WISeKey WISeID Provides Healthcare Security with Decentralized Digital Identities

    Source: GlobeNewswire (MIL-OSI)

    WISeKey WISeID Provides Healthcare Security with Decentralized Digital Identities

    Geneva, Switzerland, March 5, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its WISeID.COM introduces a groundbreaking approach to healthcare data security by enabling decentralized consultations through blockchain-secured digital identities, encryption, and self-sovereign identity (SSI) principles. This next-generation platform ensures that patients maintain full control over their medical records, granting access only to authorized healthcare providers through consent-based permissions, eliminating third-party control and significantly reducing risks of data breaches and identity theft.

    Traditional healthcare systems store patient records in centralized databases controlled by hospitals, clinics, and insurers, limiting interoperability while exposing sensitive data to cyber threats. With WISeID.COM, the healthcare industry can shift towards a decentralized, patient-centric model that enhances privacy, security, and accessibility. Patients can securely share specific medical information with healthcare professionals without exposing their entire health history, ensuring seamless telemedicine and cross-border consultations.

    Advanced Security with Post-Quantum Cryptography and Zero-Knowledge Proofs

    WISeID.COM integrates post-quantum cryptography and zero-knowledge proofs to safeguard medical records from emerging cyber threats. This ensures that:

    • Sensitive health data remains encrypted at all times.
    • Patients can selectively share medical records without disclosing unrelated health information.
    • Telemedicine services and cross-border healthcare providers can securely access patient records without manual transfers or centralized intermediaries.
    • Dynamic access controls enable temporary or conditional data sharing, granting permissions for a limited time or specific use cases.
    • Biometric authentication ensures that only the rightful patient can access and manage their health records.

    Addressing the Failures of Centralized Health Systems

    Current electronic health record (EHR) systems create data silos, limiting accessibility and making it difficult for patients to share their information across different providers or jurisdictions. These systems are frequent targets for cyberattacks, often resulting in the hacking, leaking, or unauthorized sale of sensitive medical data. Worse yet, patients typically lack visibility into who accesses their information, creating a lack of trust and control over their own health records.

    By leveraging blockchain-secured digital identities, WISeID.COM provides an alternative that:

    • Empowers patients with full ownership and control of their health data.
    • Reduces bureaucracy by enabling real-time, consent-based access to records.
    • Improves healthcare trust through a transparent and tamper-proof system.
    • Mitigates security risks associated with centralized storage and unauthorized access.

    A New Era for Secure and Interoperable Healthcare

    WISeID.COM represents a paradigm shift for the healthcare industry, bridging the gap between security, privacy, and interoperability. As healthcare increasingly moves towards digitalization, ensuring data sovereignty and patient control is crucial. WISeID.COM enables a future where health information is secure, verifiable, and instantly accessible, without compromising privacy or patient rights.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

  • MIL-OSI: Inbank audited Annual Report for 2024

    Source: GlobeNewswire (MIL-OSI)

    The consolidated Annual Report 2024 has been included in the announcement and will be made available on the Inbank investor website at https://inbank.eu/investors/reporting. Compared to the unaudited Interim Report published on 25 February 2025, there are no differences in the audited results. 

    • In 2024, Inbank’s total net income reached 75.5 million euros, increasing by 26% year-on-year, driven by expanding margins and growing portfolio volumes across both the Baltics and CEE regions.
    • The consolidated normalised net profit for the year grew by 51% year-on-year to 15.4 million euros, resulting in a normalised ROE of 11.3%. Including one-off, the net profit  amounted to 12.2 million euros, growing 20% year-on-year and return on equity (ROE) was 9%. 
    • The loan and rental portfolio reached 1.15 billion euros increasing 11% year-on-year, while the deposit portfolio grew by 8% to 1.17 billion euros. At the end of 2024, Inbank’s total assets stood at 1.44 billion euros growing 9% year-on-year.
    • Gross Merchandise Value (GMV) reached a record 715 million euros, reflecting 4% year-on-year growth.
    • By the end of 2024, Inbank had 872,000 active customer contracts and over 6,000 active retail partners. 

    Key financial indicators as of 31.12.2024 

    Total assets EUR 1.44 billion 
    Loan and rental portfolio EUR 1.15 billion 
    Deposit portfolio EUR 1.17 billion 
    Total equity EUR 148 million
    Net profit EUR 12.2 million
    Return on equity 9.0%

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 6,000 merchants, Inbank has 872,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachments

    The MIL Network –

  • MIL-OSI: Tyton Partners and Ufi Ventures Release Q4 2024 VocTech Market Report: Tax Increases, Workforce Policy Reforms, and Investor Sentiment in a Shifting Economy

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 05, 2025 (GLOBE NEWSWIRE) — Tyton Partners and Ufi Ventures today released their Q4 2024 VocTech Market Activity Report, providing an in-depth analysis of macroeconomic shifts, employment policy changes, and investment trends shaping the future of vocational education and workforce development. The report highlights ongoing economic pressures, policy reforms, and shifting investor confidence, offering insights into how these factors are reshaping the VocTech landscape.

    Key Findings from the Q4 2024 VocTech Market Activity Report

    • The UK budget raised taxes; in the short term, at least, the new burdens on business are negatively affecting hiring plans and morale. Schools received more money.
    • The Employment Rights Bill has been introduced to Parliament, and the Get Britain Working White Paper has been launched. These are significant reforms to the UK’s employment regulations; changes to provision for young people and to apprenticeships are likely the most important for the VocTech investment community.
    • Political turmoil across Europe and the election of Donald Trump are both likely to have a materially negative effect on the green transition and associated jobs and investments.
    • Demographics are becoming a hot topic. Europe – including the UK – is getting older, and this could have a major effect on productivity and living standards. Immigration as an answer will remain controversial.
    • Deal sizes and volumes are at historically low levels, but some deals are still being made; anecdotally, many are more optimistic about 2025.

    “Tax increases and shifting employment policies are reshaping business strategies,” said Nick Kind, Managing Director at Tyton Partners. “Investors and training providers must navigate these changes to support workforce resilience and sustainable growth.”

    “With demographic changes and political uncertainty shaping the future of work, investment in skills development is more crucial than ever,” said Helen Gironi, Director of Ufi Ventures.

    With tax increases, workforce policy changes, and geopolitical uncertainty impacting hiring and investment, the demand for adaptable and resilient skills development remains critical. Tyton Partners and Ufi Ventures will continue to analyse VocTech investment and policy trends, with key insights shaping the upcoming release of The Jobs Frontier 2025 later this year.

    Read Key Learnings from VocTech Market Activity Q4 2024 here.

    About Tyton Partners

    Tyton Partners is the leading provider of strategy consulting and investment banking services to the global knowledge and information services sector. With offices in Boston and New York City, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy development that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and an unparalleled level of global relationships to make its clients’ aspirations a reality and to catalyze innovation in the sector. Learn more at tytonpartners.com.

    About Ufi Ventures

    Ufi Ventures is the investment arm of Ufi VocTech Trust. Ufi supports the adoption and deployment of technology to improve skills for work and deliver better outcomes for all. By leveraging its depth of experience Ufi Ventures supports its growing portfolio through access to capital, and its wide expert pool and network. Learn more at www.ufi.co.uk/ventures.

    For media inquiries, contact:
    Zoe Wright-Neil
    Tyton Partners, Director of Marketing and Business Development
    zwrightneil@tytonpartners.com

    The MIL Network –

  • MIL-OSI: Mavenir and e& UAE Announce Multi-Year Strategic Technology Partnership at #MWC25 Starting with Collaboration in Converged 5G Packet Core

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 05, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, and e& UAE, telecom arm of global technology group e&, announced a collaboration to advance e& UAE’s future of cloud-native converged packet core networks across 4G, 5G (NSA and SA) at Mobile World Congress in Barcelona. This marks a significant milestone in the journey towards next-generation connectivity and digital transformation.

    This long-term partnership leverages cutting-edge technologies and advanced features, including AI-enabled 5G services, automation, and orchestration. This robust infrastructure is designed to support a wide range of future use cases, from enhanced mobile broadband and ultra-reliable low-latency communications to massive machine-type communications.

    With Mavenir and e& UAE coming together, it sets the stage for innovative use cases, including smart cities, autonomous vehicles, industrial IoT, and immersive AR/VR experiences using the latest AI technology. The converged packet core environment ensures seamless transition and readiness for 6G capabilities, paving the way for future advancements in connectivity supporting the expanding business needs of e& UAE.

    Pardeep Kohli, President and CEO of Mavenir: “We are thrilled to partner with e& UAE in deploying a state-of-the-art 5G core network. This collaboration underscores our commitment to driving innovation and delivering cutting-edge solutions that empower our customers. The advanced features and technologies integrated into this network will unlock new possibilities and set the foundation for future 6G capabilities.”

    Khaled Al Suwaidi, core networks and platforms, e& UAE, said: “Our successful collaboration with Mavenir marks a significant step forward in our mission to provide world-class connectivity and digital services to our customers. The deployment of this advanced 5G core network not only enhances our current offerings but also positions us at the forefront of technological innovation. We look forward to exploring new areas together in AI, automation, orchestration, digital BSS, and RCS, to continue delivering exceptional value to our customers.”

    Mavenir and e& UAE are committed to ongoing collaboration in various domains to drive continuous innovation and deliver transformative digital experiences to customers across the region.

    About Mavenir

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    About e& UAE

    e& UAE is the flagship telecom arm of e& in the UAE, built on a 5-decades legacy of connectivity excellence. Our mission is to deliver world-class superior connectivity experiences that fuel the UAE’s future-focused innovation.

    Leveraging the latest world-class technologies, e& UAE aims to transform lives and industries, turning every connection into an opportunity for growth and every interaction into a transformative possibility.

    We are focused on expanding our core services and digital marketplaces by enriching consumer value propositions that cater to new lifestyles and emerging demands beyond core telecom services, including health, insurance and gaming.

    As a trusted enterprise partner, e& UAE continues to power entire industries with 5G and AI, delivering a tailored ecosystem of solutions to meet their connectivity needs and more, empowering them to automate, innovate, transform, and scale.

    Strengthening our leadership position as an AI-powered telco, e& UAE delivers seamless connectivity, cutting-edge AI solutions, and sustainable innovation to uplift people and communities, and empower businesses and industries, so everyone thrives in a digital-first world.

    To learn more about e& UAE, please visit: https://www.etisalat.ae

    Media Contacts

    For more information, please contact:

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5719a435-212f-48b7-b56f-e318b5f9a125

    The MIL Network –

  • MIL-OSI: Master Attraction Launches the First AI Dating Coach Trained by a Proven Expert

    Source: GlobeNewswire (MIL-OSI)

    Photo Courtesy of Dan Bacon

    PHILADELPHIA, March 04, 2025 (GLOBE NEWSWIRE) — Master Attraction, a leading dating education platform for men, today announced the launch of Dan Bacon AI, the world’s first artificial intelligence dating coach trained by a renowned expert. This tool aims to change the dating landscape by providing men with instant, personalized advice based on proven techniques.

    Dan Bacon, founder of Master Attraction, states, “We’ve distilled two decades of successful coaching into an AI that understands the nuances of human attraction. It’s not about cheesy pickup lines or gimmicks; it’s about becoming the best version of yourself so you can get into a relationship and keep it happy, in love, and together for life.”

    Dan Bacon’s AI coach is structured around 124 naturally attractive traits, which he explains are backed by scientific principles of attraction. These traits, ranging from confidence, charisma, and flirting to emotional intelligence, form the core of the Master Attraction curriculum. The AI analyzes user inputs, including text conversation screenshots and detailed descriptions of social situations, to provide tailored advice based on Bacon’s extensive database of successful interactions.

    Dan Bacon AI aims to address common issues in modern dating by offering step-by-step guidance tailored to each user’s specific circumstances. From teaching men what to say and do to displaying the traits that naturally attract women, to navigating a first date, the AI draws from a vast database of successful advice that gives results.

    “The real challenge for most men isn’t finding women to talk to,” Bacon asserts. “It’s knowing the right techniques to attract a girlfriend and maintain a lasting relationship. Our AI coach provides instant, expert guidance based on proven methods that have helped thousands of men worldwide find real success.”

    Dan Bacon adds, “Our proven system is already helping men achieve real success in dating and relationships. The AI delivers instant, personalized guidance that works – we’re seeing men build genuine connections with women and find lasting relationships every day.”

    To learn more about Dan Bacon AI and Master Attraction’s innovative approach to dating education, visit www.masterattraction.com.

    About Master Attraction

    Master Attraction is a leading online platform dedicated to helping men improve their dating and relationship skills. Founded by Dan Bacon, a renowned dating and relationship expert with over two decades of experience, Master Attraction offers a range of products and services designed to help men build confidence, attract a girlfriend and maintain a healthy relationship.

    Contact Information:

    Dan Bacon
    Master Attraction
    https://www.masterattraction.com/
    media@masterattraction.com
    Philadelphia, US

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3fcbea42-8311-4adf-affb-31a2d8354416

    The MIL Network –

  • MIL-OSI: AGM Group Holdings Inc. Announces Closing of $5.4 Million Offering

    Source: GlobeNewswire (MIL-OSI)

    Beijing, March 04, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the closing of its offering of 16,390,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 16,390,000 Class A ordinary shares at a combined offering price of $0.33. The warrants will expire on the fifth anniversary from the date of issuance, will be exercisable immediately at an initial exercise price of $0.33 per share, subject to adjustment upon a one-time reset on the Reset Date (as described in the warrants), and subject to a floor price described therein. The warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 1.2 Class A ordinary shares.

    Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, were approximately $5.4 million. The offering was closed on March 4, 2025.

    Maxim Group LLC acted as sole placement agent in connection with the offering.

    The securities above were offered pursuant to a registration statement on Form F-1, as amended, (File No. 333-282420) which was declared effective by the Securities and Exchange Commission (the “SEC”) on February 28, 2025. The offering was made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About AGM Group Holdings Inc.

    AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    AGM Group Holdings Inc.
    Email: ir@agmprime.com
    Website: http://www.agmprime.com

    Ascent Investor Relations LLC
    Tina Xiao
    President
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network –

  • MIL-OSI: Matrixport Subsidiary Fly Wing Receives Major Payment Institution License from MAS in Singapore

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) — Fly Wing Technologies Pte Ltd (“Fly Wing”), a wholly owned subsidiary of Matrixport, the world’s leading and largest one-stop crypto financial services platform in Asia, today announced that it has been granted the Major Payment Institution (“MPI”) License by the Monetary Authority of Singapore (“MAS”).

    With this license approval, Fly Wing will continue building its role as a trusted Over-the-Counter (“OTC”) desk in Singapore. This license follows the in-principle approval received in October, underscoring Fly Wing’s commitment to regulatory compliance and operational excellence.

    John Ge, Co-founder and CEO of Matrixport, stated, “We are thrilled that Fly Wing has received its license from the MAS. This marks a significant step in our ongoing expansion across the Asia-Pacific region. We look forward to providing high-quality Digital Payment Token services to users in Singapore.”

    Having received its license from the MAS, Fly Wing is well-positioned to build a strong foundation for Fly Wing’s long-term growth, driving continuous innovation in the digital finance sector. Moving forward, Fly Wing will continue to offer innovative Digital Payment Token services securely and transparently and will continue to optimize blockchain-driven Digital Payment Token services, enabling seamless access for users entering the Web 3.0 industry.

    About Fly Wing Technologies Pte Ltd

    Founded in 2019, Fly Wing Technologies Pte. Ltd. (“Fly Wing”) is a wholly owned subsidiary of Matrixport, a leading digital asset financial services platform in Asia. Fly Wing serves a diverse clientele, including crypto miners, trading firms, investment firms, and high-net-worth individuals from both crypto and traditional finance. The company engages in OTC services for customers to on- and off-ramp Digital Payment Tokens, facilitating over $100 million in monthly transactions and providing liquidity for major cryptocurrencies.

    Fly Wing has received the MPI License from MAS to provide Digital Payment Token services for OTC trading in Singapore.

    Fly Wing official website: https://www.flywing.com/

    About Matrixport

    Founded in 2019, Matrixport is the world’s leading all-in-one hub for crypto financial services. The platform is committed to providing every user with a personalized Super Account that integrates crypto trading, investment, loan, custody, RWA, research and more. With $6 billion in AUM (assets under management), Matrixport offers global users diverse crypto-financial solutions designed for optimal capital efficiency and sustainable returns.

    As a Group and through its local subsidiaries, Matrixport has received the Trust or Company Service Provider / Money Lender Licenses in Hong Kong, and the FINMA Asset Management License in Switzerland. The company operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ. It was recognized by CB Insights as one of the “50 Most Promising Blockchain Companies” and featured in the Hurun “2024 Global Unicorn List.” Additionally, Matrixport’s subsidiary, Fly Wing, has received the MPI License from MAS in Singapore.

    Matrixport official website: https://www.matrixport.com

    Media Contact:
    Matrixport PR Team
    pr@matrixport.com

    Disclaimer: This press release is provided by Matrixport. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. 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 financial, investment, or trading advice. Investing in crypto and mining 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. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13fe3bd2-9ada-4876-bbf8-5e24acfc1696

    The MIL Network –

  • MIL-OSI: Brookfield Wealth Solutions announces Group Capital position of over $16 Billion

    Source: GlobeNewswire (MIL-OSI)

    Group capital triples over two-year period

    Financial strength underpins A ratings across life and annuity companies

    BROOKFIELD, NEWS, March 04, 2025 (GLOBE NEWSWIRE) — Brookfield Wealth Solutions (NYSE, TSX: BNT) today announced its year-end 2024 capital position with over $16 billion of group capital across its regulated insurance subsidiaries and holding companies. This strong capital position underpins the A financial strength ratings assigned to Brookfield Wealth Solutions’ life and annuity companies, and the investment grade ratings for its life and annuity holding company.

    Brookfield Wealth Solutions’ group capital has tripled from $5.7 billion in 2022 to an estimated $16.1 billion in 2024 through a combination of retained earnings and capital contributions from Brookfield Corporation. 

    Sachin Shah, CEO, Brookfield Wealth Solutions, said: “With over 5,000 people dedicated every day to serving the needs of policyholders and retirees, we’ve been able to build a world-class wealth business that provides individuals with safe and secure retirement income. This past year has culminated in record levels of group and entity-level capital. This February we participated in the first group Supervisory College, where we had the opportunity to share details of our assets, reserves and capital position with our insurance regulators from eight jurisdictions. With our upcoming entrance into the UK insurance market, we look forward to continued prudent growth and an expanded Supervisory College in 2025.”

    Summary of Group Capital            
    in USD, billions            
                 
    Group / Entity   12/31/2022   12/31/2023   12/31/2024
    Insurance Subsidiaries1   5.1   7.5   13.5
    Group Holding Companies   0.7   1.5   2.6
    Total Brookfield Wealth Solutions   5.7   9.0   16.1
    1. Calculated on an aggregate basis in accordance with applicable insurance regulations.
     

    About Brookfield Wealth Solutions

    Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation (NYSE, TSX: BN). For more information, visit bnt.brookfield.com or contact:

    Media:  Investor Relations:
    Kerrie McHugh Rachel Schneider
    Tel: (212) 618-3469 Tel: (416) 369-3358
    Email: kerrie.mchugh@brookfield.com Email: Rachel.schneider@brookfield.com
       

    Non-GAAP and Performance Measures

    We make reference to Brookfield Wealth Solutions’ group capital in this news release, which is calculated on an aggregate basis in accordance with applicable insurance regulations and is not derived from generally accepted accounting principles in the United States of America (“U.S. GAAP”). These references should not be considered in isolation from, or as a substitute for, financial measures calculated in accordance with U.S. GAAP. We caution readers that these non-GAAP financial measures or other financial metrics are not standardized under U.S. GAAP and may differ from the financial measures or other financial metrics disclosed by other businesses and, as a result, may not be comparable to similar measures presented by other issuers and entities. We provide additional information on key terms and non-GAAP measures in our filings available at bnt.brookfield.com.

    Notice to Readers

    This news release and any related oral statements made by our representatives may contain “forward-looking information” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of Canadian provincial securities laws, “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, assumptions and expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of Brookfield Wealth Solutions and its subsidiaries, as well as the outlook for international economies for the current fiscal year and subsequent periods.

    In some cases, forward-looking statements can be identified by the use of the words such as “believes,” “thinks,” “expects,” “potential,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “foresees,” “forecasts,” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” In particular, the forward-looking statements contained in this news release include statements regarding the growth of our business, the status of regulatory approvals including the anticipated timing thereof, the size of the U.K. pension market and opportunities relating thereto.

    Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable estimates, assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Wealth Solutions or its subsidiaries to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) investment returns that are lower than target; (ii) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; (iii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets (v) litigation; (vi) changes in tax laws; (vii) ability to collect amounts owed; (viii) catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; (ix) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (x) the introduction, withdrawal, success and timing of business initiatives and strategies; (xi) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xii) health, safety and environmental risks; (xiii) the maintenance of adequate insurance coverage; (xiv) the existence of information barriers between certain businesses within Brookfield’s asset management operations; (xv) risks specific to our business segments; (xvi) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States; and (xvii) the failure to obtain and/or maintain required regulatory approvals. We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information. Except as required by law, Brookfield Wealth Solutions undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.

    Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to the historic investments discussed herein, that targeted returns, growth objectives, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved (because of economic conditions, the availability of investment opportunities or otherwise).

    Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information.

    The MIL Network –

  • MIL-OSI: Tenaris completes its USD700 Million Share Buyback Program

    Source: GlobeNewswire (MIL-OSI)

    LUXEMBOURG, March 04, 2025 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of its USD700 million Share Buyback Program announced on November 10, 2024 (the “Program”).

    During the Program, which ran from November 11, 2024, to (and including) March 4, 2025, the Company purchased a total of 36,862,132 ordinary shares, representing 3.17% of the total issued share capital at the beginning of the Program, for a total consideration of €668,198,121, or approx. USD700 million.

    As of March 4, 2025, the Company held in treasury 90,762,598 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.81% of the total issued share capital.

    Tenaris intends to cancel treasury shares purchased under the Program in due course.

    Details of the above transactions are available on Tenaris’s corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program.

    Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.

    Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

    Giovanni Sardagna        
    Tenaris
    1-888-300-5432
    www.tenaris.com

    The MIL Network –

  • MIL-OSI: Andrew Cardno to Highlight AI-Powered Energy Efficiency at Indian Gaming Association Trade Show

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 04, 2025 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI) is pleased to announce that Andrew Cardno, Chief Technology Officer (CTO) of QCI, will deliver a highly anticipated presentation at the Indian Gaming Association Trade Show in San Diego. Cardno’s session, titled “Optimizing Efficiency: The Power of AI-Driven Analytics,” will take place on Wednesday, April 2nd, 2025, at 2:00 PM. The Indian Gaming Association Trade Show runs from March 31st to April 3rd, 2025.

    In his talk, Cardno will explore how AI-powered analytics is revolutionizing energy efficiency by optimizing resource allocation, predicting demand, and reducing waste. By leveraging machine learning and real-time data, tribal governments and enterprises can enhance energy management, improve grid reliability, and reduce operational costs. This session will delve into how AI-driven insights are transforming energy strategies—helping tribes maximize sustainability while ensuring long-term economic and environmental benefits in a rapidly evolving energy landscape.

    “Tribal governments and businesses stand at the forefront of a major shift in how we utilize technology to drive sustainable growth,” said Andrew Cardno, CTO of QCI. “AI-driven analytics give us the power to make informed decisions that not only cut costs but also create a positive environmental impact. I look forward to sharing insights on how this exciting technology can help tribes build a resilient, efficient future.”

    Victor Rocha, Conference Chair for the Indian Gaming Association, emphasized the importance of this conversation in the current climate of rapid technological advancement.

    “We’re excited to welcome Andrew Cardno to the Indian Gaming Association Trade Show,” said Rocha. “Our mission is to empower tribal leaders with cutting-edge solutions, and AI-driven analytics is a game-changer in energy management and sustainability. We believe this discussion will spark innovative strategies for tribal communities nationwide.”

    The Indian Gaming Association Trade Show is recognized as one of the premier events for tribal gaming, attracting thought leaders, innovators, and decision-makers from across the industry. Attendees will have the opportunity to learn about the latest advancements in technology and network with industry experts who are shaping the future of tribal enterprises.

    For more information on Andrew Cardno’s session or to register for the Indian Gaming Association Trade Show, visit www.indiangaming.org

    ABOUT The 2025 Indian Gaming Tradeshow and Convention
    As the premier events for the tribal gaming community, the Indian Gaming Tradeshow & Convention and Mid-Year Conference & Expo deliver the insight and strategies you need to rise to the top of the competitive gaming industry landscape. There’s no better opportunity to meet industry leaders, access cutting-edge trends and celebrate a proud tradition of success. For more information visit: www.indiangamingtradeshow.com.

    ABOUT QCI
    Quick Custom Intelligence (QCI) has pioneered the revolutionary QCI Enterprise Platform, an artificial intelligence platform that seamlessly integrates player development, marketing, and gaming operations with powerful, real-time tools designed specifically for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and Europe. The QCI AGI Platform, which manages more than $35 billion in annual gross gaming revenue, stands as a best-in-class solution, whether on-premises, hybrid, or cloud-based, enabling fully coordinated activities across all aspects of gaming or hospitality operations. QCI’s data-driven, AI-powered software propels swift, informed decision-making vital in the ever-changing casino industry, assisting casinos in optimizing resources and profits, crafting effective marketing campaigns, and enhancing customer loyalty. QCI was co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno and is based in San Diego, with additional offices in Las Vegas, St. Louis, Dallas, and Tulsa. Main phone number: (858) 299.5715. Visit us at www.quickcustomintelligence.com.

    ABOUT Andrew Cardno
    Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today’s mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    ABOUT Victor Rocha
    Victor Rocha holds the distinguished position of Conference Chairman for the Indian Gaming Association, while also leading Victor-Strategies as its president. As the owner and publisher of Pechanga.net, he has been deeply engaged in the political landscape of U.S. tribal gaming since 1998. Rocha’s outstanding contributions to the industry have been recognized through numerous accolades, such as AGEM’s 2023 Peter Mead Memorial Award Honoring Excellence in Gaming Media & Communication, the National Center for American Indian Enterprise Development’s 2015 Tribal Gaming Visionary Award, the American Gaming Association’s 2013 Lifetime Achievement Award for Gaming Communications, Raving’s 2012 Casino Marketing Lifetime Achievement Award, the National Indian Gaming Association’s 2002 Outstanding Contribution to Indian Country, VCAT’s 2001 Catalyst Award, and Global Gaming Business Magazine’s 2000 “40 Under 40” list.

    Contact:
    Laurel Kay, Quick Custom Intelligence
    Phone: 858-349-8354

    The MIL Network –

  • MIL-OSI: Hampton Financial Corporation Announces Results of Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 04, 2025 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Company”) (TSXV: HFC) is pleased to announce the results from the Company’s Annual Meeting of Shareholders held February 28, 2025. All matters put forth in the management information circular dated January 30, 2025 were passed, including the election of the six (6) nominees for election as director, each of whom was an incumbent director of the Company, identified in the management information circular.

    About Hampton Financial Corporation

    Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly-owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by CIRO and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad and HSL’s Corporate Finance Group provides early stage, growing companies the capital, they need to create value for investors. HSL continues to develop its Wealth Management, Advisory Team and Principal-Agent programs which offers to the industry’s most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support, and tax effectiveness as they build and manage their professional practice. Through its wholly-owned subsidiary, Oxygen Working Capital (“OWC”) the company offers factoring and other commercial financing services to clients across Canada. The Company is exploring opportunities to diversify its sources of revenue by way of strategic investments in both complimentary business and non-core sectors that can leverage the expertise of its Board and the diverse experience of its management team.

    For more information, please contact:

    Olga Juravlev
    Chief Financial Officer
    Hampton Financial Corporation
    (416) 862-8701

    or

    Peter M. Deeb
    Executive Chairman & CEO
    Hampton Financial Corporation
    (416) 862-8651

    The TSXV has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

    The MIL Network –

  • MIL-OSI: SuRo Capital Corp. to Report Fourth Quarter and Fiscal Year 2024 Financial Results on Tuesday, March 11, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — SuRo Capital Corp. (“SuRo Capital”) (Nasdaq: SSSS) today announced that it will report its financial results for the quarter and fiscal year ended December 31, 2024 after the close of the U.S. market on Tuesday, March 11, 2025.

    Management will hold a conference call and webcast for investors at 2:00 p.m. PT (5:00 p.m. ET). The conference call access number for U.S. participants is 866-580-3963, and the conference call access number for participants outside the U.S. is +1 786-697-3501. The conference ID number for both access numbers is 6936935. Additionally, interested parties can listen to a live webcast of the call from the “Investor Relations” section of SuRo Capital’s website at www.surocap.com. An archived replay of the webcast will also be available for 12 months following the live presentation.

    A replay of the conference call may be accessed until 5:00 p.m. PT (8:00 p.m. ET) on March 18, 2025 by dialing 866-583-1035 (U.S.) or +44 (0) 20 3451 9993 (International) and using conference ID number 6936935.

    About SuRo Capital Corp.

    SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. SuRo Capital is headquartered in New York, NY and has offices in San Francisco, CA. Connect with the company on X, LinkedIn, and at www.surocap.com.

    Contact

    SuRo Capital Corp.
    (212) 931-6331
    IR@surocap.com

    The MIL Network –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of February 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of February 28, 2025.

    As of February 28, 2025, the Company’s net assets were $2.5 billion, and its net asset value per share was $14.60. As of February 28, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 623% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 477%.

        STATEMENT OF ASSETS AND LIABILITIES
    FEBRUARY 28, 2025   // (UNAUDITED)
     
        (in millions)
    Investments   $ 3,473.8  
    Cash and cash equivalents     0.7  
    Accrued income     2.0  
    Other assets     1.0  
    Total assets     3,477.5  
         
    Credit facility     92.0  
    Notes     409.7  
    Unamortized notes issuance costs     (2.6 )
    Preferred stock     153.6  
    Unamortized preferred stock issuance costs     (1.3 )
    Total leverage     651.4  
         
    Other liabilities     16.2  
    Current tax liability, net     1.3  
    Deferred tax liability, net     340.2  
    Total liabilities     357.7  
         
    Net assets   $ 2,468.4  
         

    The Company had 169,126,038 common shares outstanding as of February 28, 2025.

    Long-term investments were comprised of Midstream Energy Companies (94%), Utility Companies (3%) and Other (3%).  

    The Company’s ten largest holdings by issuer at February 28, 2025 were:

          Amount
    (in millions)*    		 % Long Term
    Investments
    1. The Williams Companies, Inc. (Midstream Energy Company)   $359.2   10.3 %
    2. Energy Transfer LP (Midstream Energy Company)   358.7   10.3 %
    3. Enterprise Products Partners L.P. (Midstream Energy Company)   346.0   10.0 %
    4. MPLX LP (Midstream Energy Company)   332.1   9.6 %
    5. Cheniere Energy, Inc. (Midstream Energy Company)   261.9   7.5 %
    6. Kinder Morgan, Inc. (Midstream Energy Company)   211.9   6.1 %
    7. Targa Resources Corp. (Midstream Energy Company)   209.1   6.0 %
    8. ONEOK, Inc. (Midstream Energy Company)   204.0   5.9 %
    9. TC Energy Corporation (Midstream Energy Company)   175.7   5.1 %
    10. Western Midstream Partners, LP (Midstream Energy Company)   149.1   4.3 %
    * Includes ownership of common and preferred units.


    Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI: Diversified Royalty Corp. Announces March 2025 Cash Dividend and Q4 2024 Earning Release Date

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 04, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.02083 per common share for the period of March 1, 2025 to March 31, 2025, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on March 31, 2025 to shareholders of record as of the close of business on March 14, 2025.

    Q4 2024 Earnings Release Date

    DIV will release earnings results for the three months and year ended December 31, 2024 following the closing of regular trading on the Toronto Stock Exchange on March 24, 2025.

    About Diversified Royalty Corp.

    DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

    DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada.

    DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.

    Forward Looking Statements

    Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intends” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: the amount and timing of the March 2025 dividend to be paid to DIV’s shareholders; DIV’s objective to continue to pay predictable and stable monthly dividends to shareholders; and DIV’s corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: DIV will be able to make monthly dividend payments to the holders of its common shares; or DIV will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release are not guarantees of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 21, 2024 and in its most recent Management’s Discussion and Analysis, copies of each of which are available under DIV’s profile on SEDAR+ at www.sedarplus.com.

    In formulating the forward-looking information contained herein, management has assumed that, among other things, DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

    All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV. The forward-looking information included in this news release is presented as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

    Additional Information

    Additional information relating to the Corporation and other public filings, is available on SEDAR+ at www.sedarplus.com.

    Contact:
    Sean Morrison, President and Chief Executive Officer
    Diversified Royalty Corp.
    (236) 521-8470

    Greg Gutmanis, Chief Financial Officer and VP Acquisitions
    Diversified Royalty Corp.
    (236) 521-8471

    The MIL Network –

  • MIL-OSI: Safe Harbor Financial Successfully Modifies Debt Obligation with Partner Colorado Credit Union

    Source: GlobeNewswire (MIL-OSI)

    GOLDEN, Colo., March 04, 2025 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a Safe Harbor Financial (“Safe Harbor” or the “Company”) (Nasdaq: SHFS), a fintech leader in facilitating financial services and credit facilities to the regulated cannabis industry, is pleased to announce that it has successfully negotiated a favorable debt (the “Note”) modification with Partner Colorado Credit Union (“PCCU”). The agreement includes a two-year interest-only period, covering February and March 2025, the two months previously granted. These modified terms are expected to unlock more than $6 million in cash that would have otherwise been allocated to principal amortization over the next two years. The Note will maintain its 4.25% interest rate throughout the remainder of the term.

    Doug Fagan, President and CEO of Partner Colorado Credit Union stated: “As one of the largest shareholders, we realize that Safe Harbors’ success contributes to the success of our members. We expect this debt modification will provide Safe Harbor with the financial flexibility needed to pursue new opportunities. This agreement underscores our commitment to supporting Safe Harbor’s long-term success and stability.”

    “Not only does the note modification significantly enhance our financial standing, I can confidently say that it also provides Safe Harbor with tremendous optionality as we enter this new chapter. The new agreement with PCCU provides us with flexibility to pursue additional opportunities to enhance and expand our service offering and reinforces our commitment to delivering long-term value to all stakeholders. The modification of the Note signifies a pivotal moment for Safe Harbor Financial,” stated Terry Mendez, CEO of Safe Harbor Financial.

    About Safe Harbor

    Safe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions, providing traditional banking services to cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Over the past decade, Safe Harbor has facilitated more than $25 billion in deposit transactions for businesses with operations spanning more than 41 states and US territories with regulated cannabis markets. For more information, visit www.shfinancial.org.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain information contained in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included herein may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S and state laws, rules, regulations and guidance relating to Safe Harbor’s services; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operational performance, including relative to its competitors and historical performance; new product and service offerings Safe Harbor may introduce in the future; the impact volatility in the capital markets, which may adversely affect the price of Safe Harbor’s securities; the outcome of any legal proceedings that have been or may be instituted against or by Safe Harbor; and other statements regarding Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Safe Harbor’s filings with the U.S. Securities and Exchange Commission. Safe Harbor undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    Contact Information
    Safe Harbor Investor Relations
    ir@SHFinancial.org

    KCSA Strategic Communications
    Ellen Mellody
    safeharbor@kcsa.com

    The MIL Network –

  • MIL-OSI: Silvaco Expands Product Offering with Acquisition of Cadence’s Process Proximity Compensation Product Line

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced the strategic acquisition of the Process Proximity Compensation (“PPC”) product line of Cadence (Nasdaq: CDNS).

    The addition of the PPC product line – an optical proximity correction (“OPC”) suite of tools highly complementary to Silvaco’s EDA and TCAD suite, along with its cutting-edge technology and talented team, will strengthen Silvaco’s market position and accelerate its mission to empower customers in designing next-generation semiconductor processes and devices with greater accuracy and efficiency. The Company expects this acquisition to enhance Silvaco’s ability to offer advanced computational lithography solutions that address the increasing complexity of semiconductor manufacturing at advanced nodes.

    “Acquiring Cadence’s OPC expertise and technology marks a significant step in advancing our AI-based FTCO platform, quantum-level simulation, and hybrid Fab optimization for semiconductor and photonics mask generation,” said Babak Taheri, CEO of Silvaco. “The proven track record of the OPC business in process correction and computational lithography complements our existing capabilities, enabling us to drive enhanced innovation, precision, and AI-driven automation for our customers. This acquisition reinforces our commitment to delivering the most comprehensive solutions for semiconductor manufacturing and design.”

    “Today’s announcement accelerates our strategy of providing the leading synthesis to signoff digital full-flow solution while sharpening our focus on the faster-growing areas of our digital portfolio,” said Chin-Chi Teng, senior vice president and general manager of the Digital & Signoff Group at Cadence. “We are pleased to have the PPC team join Silvaco to help advance their next-generation computational lithography solutions.”

    As part of the transition, Silvaco will work closely with Cadence’s team to provide a seamless integration, maintaining continuity for existing customers and partners without disruption to ongoing projects or customer support. The acquired OPC product line has been adopted by industry-leading semiconductor companies. This acquisition unlocks complementary go-to-market opportunities, enabling Silvaco to enhance its EDA, TCAD, and AI-Driven Fab Technology Co-Optimization™ offerings while fostering deep customer collaborations. The Company expects the existing OPC customers to benefit from Silvaco’s responsive customer support and expanded R&D collaboration, driving technology development and adoption.

    “We closed 2024 with record results for bookings and revenue, driven by sustained demand for our digital twin modeling platform and growth in key semiconductor markets,” said Dr. Babak Taheri. “With the addition of these new capabilities and our focus on execution, we will continue to deliver value for our customers and stakeholders, setting the stage for further growth in 2025.”

    About Silvaco
    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

    Safe Harbor Statement
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Silvaco’s proposed acquisition of Cadence’s PPC product line, technologies and product offerings, business strategy, plans and opportunities, industry and market trends including TAM estimates and the expected benefits and impact of the proposed transaction and combined business on Silvaco’s growth. Forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Silvaco’s control. For example, the markets for Silvaco’s products and services may develop more slowly than expected or than they have in the past; operating results and cash flows may fluctuate more than expected; Silvaco may fail to successfully integrate Cadence’s PPC product line; Silvaco may fail to realize the anticipated benefits of the proposed acquisition; Silvaco may incur unanticipated costs or other liabilities in connection with acquiring or integrating Cadence’s PPC product line; the potential impact of the announcement or consummation of the transaction on relationships with third parties, including employees, customers, partners and competitors; Silvaco may be unable to motivate and retain key personnel; changes in or failure to comply with legislation or government regulations could affect post-closing operations and results of operations; and macroeconomic and geopolitical conditions could deteriorate. The forward-looking statements included in this press release represent Silvaco’s views as of the date of this press release, and Silvaco disclaims any obligation to update any of them publicly in light of new information or future events.

    Investor Contact:
    Greg McNiff
    investors@silvaco.com

    Media Contact:
    Farhad Hayat
    press@silvaco.com

    The MIL Network –

  • MIL-OSI: Cornerstone Funds File Their Annual Reports

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — Cornerstone Strategic Investment Fund, Inc. (NYSE American: CLM) (CUSIP: 21924B302) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF) (CUSIP: 21924U300) (individually the “Fund” or, collectively, the “Funds”) have each filed copies of their annual report on Form N-CSR with the U.S. Securities and Exchange Commission (“SEC”). Each report includes audited financial statements for the fiscal year ended December 31, 2024. The annual reports are available online at www.cornerstonestrategicinvestmentfund.com and www.cornerstonetotalreturnfund.com. Copies of these reports are also available free of charge upon request by calling 1-866-668-6558.

    Cornerstone Strategic Investment Fund, Inc. is a closed-end, diversified management company organized as a Maryland corporation and is registered with the SEC under the Investment Company Act of 1940, as amended.

    Cornerstone Total Return Fund, Inc. is a closed-end, diversified management company organized as a New York corporation and is registered with the SEC under the Investment Company Act of 1940, as amended.

    Cornerstone Advisors, LLC serves as the investment manager to the Funds.

    Past performance is no guarantee of future performance. An investment in a Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. A stockholder should carefully consider a Fund’s investment objective, risks, charges and expenses. Please read a Fund’s disclosure documents before investing.

    In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on a Fund’s investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in each Fund’s disclosure documents, filed with the U.S. Securities and Exchange Commission, and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. Each Fund has no obligation to update or revise forward-looking statements.

    The MIL Network –

  • MIL-OSI: LanzaTech Announces Progress on Strategic Actions to Sharpen Business Focus and Improve Cost Structure

    Source: GlobeNewswire (MIL-OSI)

    Executing initiatives to streamline priorities and drive approximately $30 million of annual cash operating expense reductions

    Reschedules fourth quarter and full-year 2024 earnings conference call

    CHICAGO, March 04, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today announced progress on strategic actions being taken to transition the Company from an innovation hub to a profitable enterprise. Additionally, the Company has rescheduled its fourth quarter and full-year 2024 earnings call to March 31, 2025, to more closely align with the filing of its Annual Report on Form 10-K.

    “Over the last two decades, LanzaTech has been at the forefront of carbon management innovation, pushing the boundaries to establish new products and markets,” said Dr. Jennifer Holmgren, Chair and CEO of LanzaTech. “As we shift the Company’s focus from research and development to globally deploying our proven technology, we are pursuing partnership opportunities for technologies that are ready to stand on their own and sharpening our focus on high-impact commercial projects that align more with a path to profitability. As part of this transition, we continue to action plans to right-size our cost structure and expect to achieve significant annual cash cost savings as a result.”

    Along with the recently announced intention to spin out the Company’s synthetic biology platform referred to as LanzaX, LanzaTech is evaluating scale up opportunities for its nutritional protein capabilities referred to as LanzaTech Nutritional Protein (“LNP”). This strategic approach is designed to enable these platforms to access the capital required to accelerate the development of their independent pipelines of existing projects. It will also enable LanzaTech to have a sharper focus on the growth priorities of the Company’s core biorefining operations, including the technology’s inclusion in integrated waste-based ethanol to Sustainable Aviation Fuel (“SAF”).

    Examples of high-priority commercial projects under development include a project in the United Kingdom and a project in the European Union, each 30-million gallon per year, waste-based ethanol-to-SAF facilities that will leverage the LanzaTech and LanzaJet CirculAir™ solution to form an efficient and economically compelling offering that provides the aviation industry with a platform to produce waste-based SAF globally.

    Additionally, the Company is implementing strategic measures to scale its business globally with greater cost efficiency. This includes evaluating its global footprint, with anticipated consolidations expected to reduce the workforce by approximately 10 to 15 percent. These measures, combined with the LanzaX and LNP strategic opportunities, and other cost savings plans, have the potential to result in approximately $30 million of annual cash operating expense reductions.

    LanzaTech Reschedules Fourth Quarter and Full-Year 2024 Earnings Call
    The Company announced today that it has rescheduled its previously announced earnings release and conference call. The Company now intends to release its fourth quarter and full-year 2024 earnings results on Monday, March 31, 2025, and host its conference call the same day at 8:30 a.m. Eastern Time. The change is to more closely align the Company’s earnings call with the filing of its Annual Report on Form 10-K.

    The conference call may be accessed via a live webcast on a listen-only basis through the Events and Presentations section of LanzaTech’s Investor Relations website. An archive of the webcast will be available for twelve months.

    To attend the live conference call via telephone, domestic callers can access by dialing (800) 225-9448 and international callers can access by dialing (203) 518-9708, and using the conference identification code LANZA.

    A replay of the conference call will be available shortly after the call ends and can be accessed by domestic callers by dialing (844)-512-2921 and by international callers by dialing (412)-317-6671, and entering the access identification code 11157950. The replay will be available until 11:59 pm Eastern Time April 14, 2025.

    About LanzaTech
    LanzaTech Global, Inc. (NASDAQ: LNZA) is a leading carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its bio-recycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Coty, Craghoppers, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com.

    Forward Looking Statements
    This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs, assumptions, projections and conclusions of LanzaTech’s management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are not guarantees of future performance, conditions or results, and you should not rely on forward-looking statements.

    Generally, statements that are not historical facts, including those concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: timing delays in the advancement of projects to the final investment decision stage or into construction; failure by customers to adopt new technologies and platforms; fluctuations in the availability and cost of feedstocks and other process inputs; the availability and continuation of government funding and support; broader economic conditions, including inflation, interest rates, supply chain disruptions, employment conditions, and competitive pressures; unforeseen technical, regulatory, or commercial challenges in scaling proprietary technologies, business functions or operational disruptions; and other economic, business, or competitive factors, and other risks and uncertainties, including the risk factors and other information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission.

    Any forward-looking statement herein is based only on information currently available to LanzaTech and speaks only as of the date on which it is made. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contacts:

    Kate Walsh
    VP, Investor Relations
    Investor.Relations@lanzatech.com

    The MIL Network –

  • MIL-OSI: 3D Systems to Attend Cantor Global Technology Conference

    Source: GlobeNewswire (MIL-OSI)

    ROCK HILL, S.C., March 04, 2025 (GLOBE NEWSWIRE) — 3D Systems (NYSE:DDD) announced today that the Company will participate in the Cantor Global Technology Conference on March 11, 2025.

    President and CEO, Dr. Jeffrey Graves will participate in a fireside chat at 2:20 p.m. Eastern Standard Time and will participate in individual meetings alongside members of the Company’s leadership team throughout the day.

    A live webcast of the conference presentation will be available on 3D Systems’ Investor Relations page. The link will be live just prior to the start of the event and will be available for on-demand viewing approximately 24 hours after the event is complete. The webcast recording will be available for a limited time following the conference.

    About 3D Systems
    More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction – empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the company is available at www.3dsystems.com.

    Investor Contact: investor.relations@3dsystems.com
    Media Contact: press@3dsystems.com

    The MIL Network –

  • MIL-OSI: Nasdaq Reports February 2025 Volumes

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for February 2025 on its Investor Relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Cautionary Note Regarding Forward-Looking Statements
    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, ability to transition to new business models, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions, divestitures and other strategic, restructuring, technology, de-leveraging and capital allocation initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Media Relations Contacts:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Nick Eghtessad
    +1.929.996.8894
    Nick.Eghtessad@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network –

  • MIL-OSI: Definitive Healthcare Corp. reports inducement grants under Nasdaq Listing Rule 5635(c)(4)

    Source: GlobeNewswire (MIL-OSI)

    FRAMINGHAM, Mass., March 04, 2025 (GLOBE NEWSWIRE) — Definitive Healthcare (Nasdaq: DH), an industry leader in healthcare commercial intelligence, today announced that in connection with the hiring of two senior leaders, the Human Capital Management and Compensation Committee (the “Committee”) of Definitive Healthcare’s Board of Directors granted inducement awards. The Committee granted Kate Hastings, Definitive Healthcare’s new Chief Customer Officer an inducement award consisting of 172,414 time-based restricted stock units (“RSUs”) effective March 3, 2025 and granted Benjamin Graboske, Definitive Healthcare’s new EVP, Technology, Engineering and Chief Data Officer an inducement award consisting of 1,018,330 time-based RSUs, effective March 3, 2025. Each of these awards was individually negotiated and was granted as an inducement material to Ms. Hastings’ and Mr. Graboske’s respective commencement of employment with Definitive Healthcare in accordance with Nasdaq Listing Rule 5635(c)(4).

    Each of the awards is subject to the terms and conditions of Definitive Healthcare’s 2023 Inducement Plan (the “Plan”) and the terms and conditions of an applicable award agreement covering the grant.

    Ms. Hastings’ RSUs will vest as follows, subject to Ms. Hastings’ continued employment through each such date: (i) 25% will vest on February 1, 2026; (ii) the remainder will vest in quarterly installments equal to 6.25% of the total RSUs over the subsequent 3 years, until fully vested.

    Mr. Graboske’s RSUs will vest as follows, subject to Mr. Graboske’s continued employment through each such date: (i) 25% will vest on April 1, 2026; (ii) the remainder will vest in quarterly installments equal to 6.25% of the total RSUs over the subsequent 3 years, until fully vested.

    About Definitive Healthcare

    At Definitive Healthcare, our passion is to transform data, analytics, and expertise into healthcare commercial intelligence. We help clients uncover the right markets, opportunities, and people, so they can shape tomorrow’s healthcare industry. Our SaaS platform creates new paths to commercial success in the healthcare market, so companies can identify where to go next. Learn more at definitivehc.com.

    Investor Contact:
    Brian Denyeau
    ICR for Definitive Healthcare
    brian.denyeau@icrinc.com 
    646-277-1251

    Media Contact:
    Bethany Swackhamer
    bswackhamer@definitivehc.com 

    The MIL Network –