• 2017 October 26 11:00

    FINCANTIERI to initiate the share buyback program

    FINCANTIERI S.p.A. announces that, on 30 October 2017, it will initiate the share buyback program in service of FINCANTIERI’s “Performance Share Plan 2016 – 2018”, to be executed in compliance with art. 5 of Regulation (EU) n. 596/2014, as well as the Shareholders’ Meeting resolution of 19 May 2017, the company said in its press release.
    In line with the above mentioned resolution, FINCANTIERI states that:

     purchases will be carried out on the Borsa Italiana, Bats, Chi-X and Turquoise trading venues, through an authorized intermediary which will operate with full independence and without being influenced in any way by FINCANTIERI with regards to the timing of purchases, respecting the modes and limitations set forth in the Shareholders’ Meeting resolution authorizing the repurchase of shares, as well as in compliance with art. 5 of Regulation (EU) n. 596/2014 and art. 2 and 3 of Delegated Regulation (EU) n. 1052/2016 and all other applicable Italian and European laws;

     the Program’s total cash-out will amount to 5,200,000 Euro;

     in any case, the maximum number of shares purchased will not exceed n. 50,000,000 ordinary shares, corresponding to 2.95% of total share capital, entirely dedicated to the “Performance Share Plan 2016 – 2018” incentive plan;

     purchases will be effected in compliance with art. 3, c. 2 of Delegated Regulation (EU) n. 1052/2016. In particular, the article mandates that shares may not be purchased at a price higher than the higher of (i) the price of the last independent trade and (ii) the highest current independent purchase bid on the Trading Venue where the purchase is carried out. In addition, in compliance with the Shareholders’ Meeting resolution authorizing the Program, shares will not be purchased at a price that is 10% higher or lower than the reference price of the immediately preceding business day on the Trading Venue where the purchase is carried out;

     the amount of shares purchased will not exceed 25% of the average daily volume of the shares on the Trading Venue on which the purchase is carried out, provided that this average daily volume is calculated over the 20 business days preceding the date of purchase;

     all purchases will be effected by 30 November 2017.
    In compliance with art. 5, c. 1(b) and 3 of Regulation (EU) n. 596/2014 and art. 2, c. 2 and 3 of Delegated Regulation (EU) n. 1052/2016, Fincantieri will communicate to CONSOB and the market, in both aggregate and extensive form, also on its website, the details of the share purchases carried out under the Program, as prescribed by all applicable regulations.
    To date, Fincantieri does not hold any of its own shares.

2020 July 9

19:03 OOCL receives Gold Award from the HKAEE for the fourth time
18:10 Aquila Power Catamarans announce a luxuriously versatile new model
17:55 Tallink Grupp’s vessel Sailor to operate on Paldiski-Kapellskär Route from Sunday
17:31 Bunker prices are flat at the Far East ports of Russia (graph)
17:28 Port of Rotterdam to start trial with PIN-free container handling
17:18 Damen holds keel-laying for Port of Auckland’s fully electric RSD-E Tug 2513
17:12 Diana Shipping announces time charter contract for m/v Selina with ST Shipping
16:44 "K" Line participates in JV for FPSO owning and chartering business offshore Brazil
16:23 Jan De Nul Group has started offshore installation activities in Taiwan
16:06 Port of Liepaja throughput in 6M’2020 fell by 15.6% Y-o-Y
15:48 Russia remains in Paris MOU’s White List
15:24 PD Ports submit response to national Freeport consultation
15:03 Khabarovsk Territory Governor Sergey Furgal detained by officials of Russia’s Investigative Committee
14:39 Aibel awarded Oseberg portfolio agreement
13:47 Ukraine is still on Paris MOU’s Black List
13:22 MOL announces joint development of energy-saving rudder
12:50 Container shipments on Russian Railways’ network up 15% in 1H 2020
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12:07 ABB teams up with Yinson on offshore oil and gas project in Brazil
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10:42 The CMA CGM Group commits to fight illicit trafficking in protected species and tightens its shipment control procedures
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09:29 Oil market sees mixed price movements
09:13 Baltic Dry Index as of July 8

2020 July 8

18:11 Carnival Cruise Line sets ship delivery changes and related deployment plans
17:50 POWERGLOBE seeks for 10 years LNG vessel charter-agreement
17:27 Maritime partners unveil Autonomous Guard Vessel
17:03 THE Alliance announces COVID-19 response measures for August 2020
16:48 SaR operation in Singapore: man overboard incident
16:20 Throughput of Rostov-on-Don port in 6M’2020 grew by 10% Y-o-Y
16:13 Maritime industry calls for EU political leadership on seafarers
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14:03 Wärtsilä introduces the system, designed to reliquefy boil-off gas onboard gas carriers and LNG bunker vessels
13:45 RF State Duna adopts a package of laws on privileges in the Arctic
13:12 PD Ports wins major pipeline contract with Global Manufacturer at Hartlepool
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12:18 Germany takes over HELCOM chairmanship
12:11 Seanergy Maritime announces agreement to acquire a Capesize vessel with prompt delivery
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11:29 Pella Shipyard delivers patrol boat of Project 03160
11:04 Austal delivers first of two 118 metre trimarans to Fred. Olsen Express
10:43 Barcelona Cruise Port obtains the 'Safe Travels' Stamp, as safe infrastructures preventing COVID-19
10:32 Throughput of Rosterminalugol in HI’2020 grew by 10% YoY
10:04 ESPO says EU Taxonomy should align with already defined sectoral sustainability criteria
09:40 Oil prices continue decreasing
09:37 MABUX: Bunker market this morning, July 08
09:23 Bunker prices rose at the Port of Saint-Petersburg, Russia (graph)
09:08 Baltic Dry Index as of July 7

2020 July 7

18:06 ZIM unveils new digital services
17:49 Great Arctic Regatta started in Saint Petersburg
17:27 Crude exports via Kozmino in HI’2020 grew by 5% YoY
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16:35 Optimarin successfully completes IMO G8 and USCG test programme
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15:56 New ferry line Baltic Link launched at the port of Riga
15:28 RF Government allocates RUB 320 million to subsidize shipping companies
15:02 ABP delivers project cargo using North Lincolnshire’s waterways
14:32 Air Liquide and the Port of Rotterdam Authority launch initiative for hydrogen road transport
14:02 Konecranes to deliver mobile harbor crane to new terminal in Trieste