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Wärtsilä OPTI-DP Engagement Tool supporting the marine industry to configure optimised propulsion arrangements for DP vessels

Wärtsilä Corporation, Trade press release, 3 December 2021 at 10 AM EETThe technology group Wärtsilä has introduced its latest development based on the applied Computational Fluid Dynamics (CFD) modelling to enable the accurate and speedy configuration of thrusters and other propulsion systems, to deliver the optimal dynamic positioning solution. The new Wärtsilä OPTI-DP Engagement Tool , which has been verified by DNV Maritime has been developed in response to the increasing need for efficient high-performance station keeping and manoeuvrability as offshore

The board of directors of Evolution AB (publ) has resolved on acquisitions of own shares

The board of directors of Evolution AB (publ) has, based on the authorisation from the annual general meeting 2021, resolved that the company shall acquire own shares on Nasdaq Stockholm. The purpose of acquisitions of own shares shall be to optimise and improve the capital structure of the company by reducing the capital, thereby creating added shareholder value.The repurchase programme will be implemented in accordance with the EU Market Abuse Regulation No 596/2014 (“MAR”) and Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”). Terms and conditions for

BioStock Studio: SynAct Pharma comments on the promising study results in RA

SynAct Pharma has announced top-line results from BEGIN, a phase IIa study of AP1189 in rheumatoid arthritis. The company’s CEO Jeppe Øvlesen and CMO Anders Dyhr Toft came to BioStock’s studio to talk about the study results and the plans going forward.Watch the full interview at biostock.se: https://www.biostock.se/en/2021/12/biostock-studio-synact-pharma-comments-on-the-promising-study-results-in-ra/ This is a press release from BioStock - Connecting Innovation & Capital. https://www.biostock.se

Photocure ASA: Exercise of employee share options and share capital increase

Oslo, Norway, 3 December 2021: Participants in Photocure ASA's ("Photocure" or the "Company") share option program have on 3 December 2021 exercised a total of 30 000 options distributed as follows:· 1500 options exercised according to the option program for 2019 at a strike price of NOK 50.72; and · 28 500 options exercised according to the option program for 2019 at a strike price of NOK 81.41. Each option gives a right to receive one share in the Company. The share options are described in note 7 and 23 in Photocure's annual financial statements for 2020. Following the exercise,

Safello’s CEO is Chairing the Nordic IndustryForum Banking and Insurance Event

Stockholm, 3 December 2021 | Safello CEO and co-founder Frank Schuil will be the chairman for the Nordic IndustryForum Banking and Insurance event on the 8th of December. The event will gather leaders from top companies within banking and insurance in the Nordics.  The event focuses on large-scale transformations that will align the digital world and digital economy and how to drive value for customers and business through tech innovation. Among the speakers and experts are: · Christina Nyman, Chief Economist, Handelsbanken AB · Jane Kaasgaard Rasmussen, Vice President - New

K-Fastigheter buys building right for more rental apartments in Eskilstuna

K-Fastigheter plans to build another 105 rental apartments in Årby Norra, Eskilstuna. The property has received a legally valid zoning plan and K-Fastigheter plans to begin construction during the last quarter of 2022.K-Fast Holding AB (“K-Fastigheter”) has entered into an agreement with Klara framtid AB to acquire part of the the acquisition of Notarien 17 in Årby Norra, north of central Eskilstuna. The property has received a legally valid zoning plan enabling construction of about 105 apartments in the Group’s proprietary Lateral Low-Rise concept buildings. “This acquisition and our

Gjensidige Forsikring ASA and AMF Pensionsförsäkring AB divest Oslo Areal

Gjensidige Forsikring and the Swedish occupational pension company AMF Pensionsförsäkring AB have entered into a Share Purchase Agreement with Entra ASA for the sale of the commercial real estate developer Oslo Areal (“OA”). The parties own 50 per cent each in OA. The purpose of the sale is to create further room for OA's strategic development. The agreed purchase price is approximately NOK 13.55 billion for 100 per cent of the share capital of OA, payable fully in cash at completion. Closing is expected to take place in mid-January 2022. Depending on the timing of the customary

Nomination Committee for the IRRAS 2022 Annual General Meeting

The Nomination Committee for IRRAS AB for the Annual General Meeting 2022 has now been appointed, based on the shareholder structure on 30 September 2021.Stockholm, December 3, 2021 – According to the principles for the appointment of the Nomination Committee in IRRAS AB (publ), the Nomination Committee for the annual general meeting 2022 shall be composed of members that represent the three largest shareholders after the end of the third quarter of the year before the AGM is held, together with the chairman of the company’s Board of Directors. The largest shareholders refer to the

Mandatory notification of trade

Anooj Unarket, Board member of Otello Corporation ASA, has on behalf of certain related parties, as of 2nd December 2021, acquired interests in  shares of Otello Corporation ASA. The balance of Anooj Unarket and related parties’ holdings after the transaction totals 26,440,880 shares. Please refer to the attached notification of trading for further details. This information is subject to disclosure requirements in regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12.

Kongsberg Automotive’s Couplings business unit looks to future growth

Kongsberg Automotive’s Couplings business unit is expanding by 900 sq meters in Raufoss. This expansion is part of the growth strategy—Couplings is looking to double its turnover in four years and quadruple by 2030. Raufoss is the center for the research and development of compressed air couplings. Raufoss' team develops products and processes both for production in Norway and in facilities around the world. Kongsberg Automotive targets to use 100 percent renewable energy in all the company’s facilities by 2030. The Couplings site in Raufoss already meets that target. This gradual

BioStock: PolarCool sees potential in the US as competition grows

With the ambition to continue riding the wave of positive momentum, PolarCool recently raised 5 MSEK in a directed share issue to invest in further market expansion. As the company eyes the single largest market for medtech devices, the USA, competitor TecTraum’s pro2cool concussion treatment device recently received Breakthrough Device Designation from the FDA. BioStock got in touch with PolarCool’s CEO Erik Andersson to get his thoughts on the developments overseas and what it means for PolarCool’s ambitions.Read the interview with Erik Andersson at biostock.se :

Investor AB comments on the withdrawal of Agnafit Bidco’s bid for Sobi

Upon the announcement of Agnafit Bidco’s SEK 235 per share bid for Sobi on September 2, 2021, Investor AB, in line with the recommendation by Sobi’s Board of Directors, declared its support for the bid. As announced earlier today, Agnafit Bidco has decided to withdraw its bid for Sobi, following insufficient acceptance of the bid. “We were instrumental in the creation of Sobi more than ten years ago. Under our ownership Sobi has built a leading hemophilia franchise greatly benefitting patients and broadened its product portfolio within Hematology and Immunology, organically and through

Apetit expands its Baltic Sea Commitment from fields to waterways

Apetit Plc, press release 3 December 2021 at 09:00 a.m.Apetit is expanding its Baltic Sea Commitment made to the Baltic Sea Action Group in 2019. The commitment, which is currently being updated, will expand from fields to waterways, thus also covering the development and expansion of the use of domestic local fish in the Apetit product range. “In practice, this means that Apetit’s product development will pay special attention to fish choices that promote the maintenance of the ecological balance of waterways and the reduction of nutrient load in waterways. At the same time, Apetit

Nivika’s offering heavily oversubscribed - trading in the Company’s Class B shares on Nasdaq Stockholm commences today

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, HONG KONG, JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFAUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THIS PRESS RELEASE.  Nivika Fastigheter AB (publ) (”Nivika” or the ”Company”), a fast-growing property company with focus on Småland, today announces the outcome of the Company’s issue of Class B

Swedbank Robur recruits Fredrik Stenkil as new portfolio manager for Ny Teknik

Fredrik Stenkil comes most recently from the role as equity analyst at Nordea, where his focus has been both large and small technology companies. He will take up his new position at Swedbank Robur on the 1[st] of February 2022.Fredrik Stenkil has a BSc & MSc in Finance from Gothenburg School of Economics and his experience also includes portfolio management at Humle Fonder and equity analysis at Danske Bank. "We are very pleased with this recruitment. Fredrik has both wide-ranging and deep knowledge of the technology sector, and his experience from portfolio management in combination

CTEK APPOINTS HEAD OF ESG TO EXECUTIVE MANAGEMENT TEAM

CTEK, the leading global brand in vehicle charging solutions, has appointed Marcus Korsgren, Head of Environmental, Social & Governance (ESG) to its Executive Management Team. Marcus Korsgren, 29 years old, joined CTEK in 2020 and has worked on a variety of corporate projects and initiatives, most recently as part of the team that delivered the Initial Public Offering (IPO) for the CTEK Group on the Nasdaq Stockholm. Marcus is also a team member of an initiative established to define, set and follow up impact measurement and corporate ESG targets. Commenting on this appointment Eva

Peab builds rental apartments in Umeå

Peab has been commissioned to build 226 rental apartments in a new area of Umeå, Rödäng Gardens. The customer is Tornet Bygg and Projekt AB and the contract is worth SEK 306 million.The new residential area Rödäng Gardens is emerging in Rödäng in Umeå as a part of the transition of the city borough. There is a school, services, good mass transit connections and a promenade close by. Here Peab will, on behalf of Tornet, build two apartment buildings with a total of 226 one to four rooms plus kitchen rental apartments. A parking garage with charging posts will be built connecting to the

Market Outlook: Why not yet and why now...

We are now in December and the tanker market remains surprisingly weak. At the time of writing, rates in the MR segment are around USD 8,000 per day – double the level earlier this autumn, certainly, but still some way below what an MR vessel requires in order to break even. The same applies to crude oil tankers like the Suezmax vessels.The reason why the market has not yet experienced its big boost is mainly due to two factors: · Continued production cuts and stock withdrawalsDespite a strong recovery in both the world economy and oil consumption, total OPEC+ production remains at

Episurf Medical hires Stephen Caswell to head Global Sales OUS

Episurf Medical (NASDAQ: EPIS B) today announces the hiring of Stephen Caswell as Head of Sales, OUS. In this role Stephen will define and execute upon the strategic sales strategy for Episurf’s markets outside of the U.S and Canada, working closely with the company’s direct sales force and indirect sales partners to accelerate growth. Ensuring that more patients in this under-served segment can benefit from a personalized treatment platform to help reduce pain and maximise function. Stephen will provide an acute focus on driving business acceleration, market development and brand

Agnafit Bidco withdraws the public offer to the shareholders of Sobi

This announcement is not an offer, whether directly or indirectly, in Australia, Hong Kong, Japan, New Zealand or South Africa or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law. Shareholders not resident in Sweden who wish to accept the Offer (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled "Important information" at the end of this announcement and in

Skarta, builder of a clean future, developed a model for the calculation of CO2 emissions that relate to the infrastructure of wind farms

Emission-free wind power is a quick and effective way to reduce carbon dioxide emissions and to prevent climate change. However, as every kind of construction, also the construction of wind farms itself causes CO2 emissions. Skarta has developed a computational model, with the help of which different alternatives can be evaluated and the way to build a wind farm with as low emissions as possible can be chosen.Energy production causes the largest amount of carbon dioxide emissions in the world. Wind power helps to reduce carbon footprint and to reach climate targets effectively, and it is

Elekta’s new sustainability-linked bond oversubscribed

Elekta AB (publ) has successfully issued the first sustainability-linked bonds in Sweden with a pure social KPI. The funds of SEK 1.5 billion are intended to contribute to increasing the global access of cancer care in underserved markets.STOCKHOLM, December 3, 2021 – Elekta (EKTA-B.ST) announced today that it has issued SEK 1.5 billion senior unsecured sustainability-linked bonds under its Medium Term Note Program (MTN-Program). One of the bonds, in the amount of SEK 1,150 million, has a maturity of 5 years with a coupon of 3 months STIBOR plus 0.90 percent. The other bond, in the amount

BuildData signs SEK3.2m enterprise agreement with Quintain Ireland

Stockholm 3 December 2021 – BuildData Group AB (“BuildData”), today announced that its subsidiary Zutec has signed a new enterprise agreement with Quintain Ireland replacing the previous framework agreement. The 3-year enterprise agreement is valued at SEK3.2m.“We have a leading market position in the residential market in Ireland and we are now a provider to a large number of the largest Irish property developers and housebuilders including Quintain Ireland, Marlet Property Group, McGarrell Reilly, Richmond Homes, Cairn Homes and many others. This means that almost all of the largest Irish

Skanska launches the new business stream Investment Properties and revised financial targets for the Group

Skanska has performed a strategic bottom-up process and introduces a new business stream, Investment Properties, and revised financial targets. The revisions consist of a target for the new stream and a new limit for the Group adjusted net debt.“To further capture the value created and stable cash flow generated by the properties developed in Commercial Property Development, we will launch the new stream Investment Properties. The ambition is to establish a long-term portfolio of high-quality assets in Stockholm, Gothenburg and Malmö,” says CEO and President Anders Danielsson. “These assets

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