According to Agfa-Gevaert NV’s bylaws, the threshold as from which a shareholding needs to be disclosed, has been set at 3%.
Group sales in the first quarter of 2009 at prior year level; sales up almost 3% in the core business despite difficult market environment ; Adjusted EBITDA margin of 17.1% in the core busi ness, continued operating earnings strength; CEO Dr. Axel Herberg: “Despite the difficult overall economic environment we continue to aim for prof itable sales growth of around 6% to 7% in our core business for 2009.”
Stora Enso Oyj was informed on 1 April 2009 that the number of shares in the Company held by the funds managed by Orbis Investment Management Limited, Orbis Asset Management Limited and Orbis Portfolio Management (Europe) LLP has increased above 5% of the of the paid-up share capital and the number of shares in Stora Enso Oyj on 31 March 2009.
“Stora Enso faced high cost inflation, especially in wood and energy costs, throughout the whole of 2008. The markets were firm during the first half, but towards the end of the year they started to deteriorate rapidly. We took swift action, curtailing paper and board production by 15% already in the fourth quarter. We have since stepped up the curtailments to an estimated about 20% in the first quarter of 2009 to safeguard our operating cash flow,” said CEO Jouko Karvinen.
* CeWe Color proposes a dividend payout of 1.00 euro * Attractive dividend yield of 6.6% on the actual share price * Restructuring activities completed: no longer any extra costs * Increasing profits as of 2010 will also see a rise in dividends
Stora Enso’s Annual General Meeting (AGM) on 1 April 2009 adopted the accounts for 2008 and granted the Company’s Board of Directors and Chief Executive Officer discharge from responsibility for the period.
In accordance with the United Kingdom’s Financial Services Authority’s Disclosure (FSA’s) and Transparency Rules, Sappi (NYSE:SPP) advises that its issued share capital comprises 537,117,864 ordinary shares of ZAR1.00 each.
