Cobas AM: Nueva Gestora de Francisco García Paramés

Ahorrad y ojo con las jugarretas

 ARYZTA confirms that it has received a request from COBAS SELECCIÓN, FI and COBAS INTERNATIONAL, FI and VERAISON SICAV (the “Shareholding Group”) to convene an EGM of the Company with the agenda items (i) to remove Gary McGann as Chairman and member of the Board and Annette Flynn, Dan Flinter, Rolf Watter and Kevin Toland as members of the Board (in the case of Kevin Toland to enable him to focus on his CEO functions), (ii) to newly elect Urs Ernst Jordi as member and Chairman of the Board and Armin Bieri and Heiner Kamps as members of the Board, and (iii) to newly elect Armin Bieri and Heiner Kamps as members of the compensation committee. The Board will carefully consider the EGM request. 

Teekay LNG Partners Reports First Quarter 2020 Results

• GAAP net loss attributable to the partners and preferred unitholders of $33.0 million and GAAP net loss per common unit of $0.50 in the first quarter of 2020.
• Adjusted net income(1) attributable to the partners and preferred unitholders of $52.2 million and adjusted net income per common unit of $0.58 in the first quarter of 2020 (excluding a $45 million non-cash vessel write-down and other items listed in Appendix A to this release).
• Total adjusted EBITDA(1) of $188.4 million in the first quarter of 2020, representing another quarterly record-high and up nearly 20 percent from the same quarter of the prior year.
• With recent charter of the 52 percent-owned Marib Spirit, the Partnership's LNG fleet is now 100 percent chartered on fixed-rate contracts for the remainder of 2020; and 94 percent charter coverage for 2021.
• Fixed-rate charters performing as expected; reaffirming 2020 adjusted net income guidance.
• Continuing to execute on capital allocation plan of balance sheet delevering while concurrently increasing returns to investors, including a 32 percent increase in quarterly cash distributions paid in May 2020 to common unitholders.
• Eliminated all of the incentive distribution rights held by the Partnership's general partner in exchange for 10.75 million newly-issued common units in May 2020.

Teekay Corporation Reports First Quarter 2020 Results

• GAAP net loss attributable to shareholders of Teekay of $49.8 million, or $0.49 per share, and adjusted net income attributable to shareholders of Teekay(1) of $25.3 million, or $0.25 per share, in the first quarter of 2020 (excluding $44.9 million of income relating to the Foinaven transaction and other items listed in Appendix A to this release).
• Total adjusted EBITDA(1) of $342.2 million in the first quarter of 2020.
• Teekay Parent secured a new bareboat charter contract for the Foinaven FPSO, which included a $67 million upfront payment received in April 2020; and also eliminated its Teekay LNG incentive distribution rights (IDRs) in exchange for 10.75 million Teekay LNG common units.
• Teekay LNG reported record-high adjusted net income in the first quarter of 2020; increased its quarterly cash distributions by 32 percent paid in May 2020; and rechartered three of its 52 percent-owned LNG carriers, resulting in its LNG fleet now 100 percent chartered on fixed-rate contracts for the remainder of 2020 and 94 percent is fixed for 2021.
• Teekay Tankers reported highest adjusted net income in more than 10 years in the first quarter of 2020 and entered into nine six-month to two-year time charter-out contracts for six Suezmaxes and three Aframax-sized vessels at attractive rates to a total of 13 time charter-out contracts since October 2019, securing $170 million of fixed forward revenues.