Day: July 4, 2022

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Merger with and into Iveco Group N.V. of New Business Netherlands Holding B.V.

Turin, 4th July 2022. Iveco Group N.V. (IVG) announces the beginning of the merger procedure (pursuant to Sections 2:309 of the Dutch Civil Code) with and into IVG of its fully owned subsidiary New Business Netherlands Holding B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid), having its official seat in Andelst, the Netherlands, and its office address at Wanraaij 9, 6673DM Andelst, the Netherlands, and registered with the trade register of the Netherlands Chamber of Commerce under number 76507203.

According to applicable law, the merger documentation has been filed with and is available for inspection at the Netherlands Chamber of Commerce, as well as posted at the corporate website www.ivecogroup.com. Subject to its creditors’ and shareholders’ rights, IVG – as absorbing company – intends to resolve upon the statutory merger by way of decision of the board of directors, instead of resolution by the general meeting. The completion of the merger is foreseen by the end of the year.

Iveco Group N.V. (MI: IVG) is a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain, and related Financial Services arenas. Each of its eight brands is a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

Media Contacts:
Francesco Polsinelli, Tel: +39 335 1776091
Fabio Lepore, Tel: +39 335 7469007
E-mail: mediarelations@ivecogroup.com

Investor Relations:
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com

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Prince Albert of Monaco: Boating Evolves and Is an Engine of Change

The Monaco Smart & Sustainable Marina Rendezvous Will Help Support Solutions to Climate Change in the World of Boating

Yacht Club of Monaco

A party held for the Yacht Club of Monaco. Around 40 new members have joined the club, including British sailor Saskia Clark and former NBA basketball player Tony Parker. About a thousand people attended the party.

MONACO, July 04, 2022 (GLOBE NEWSWIRE) — “The world of yachting must change to meet the challenges of a warming planet,” said Prince Albert II of Monaco, who is also president of the Yacht Club of Monaco.

“Faced with the climatic emergency that we are witnessing more and more every day, it is the entire yachting ecosystem that is concerned and must evolve: both the yachts and the port infrastructures. We must be agents of change and contribute to this transformation. It is for these reasons that I wanted our Yacht Club and My Foundation to support the Monaco Smart & Sustainable Marina Rendezvous. The aim is to present innovative solutions and encourage their implementation for the development of virtuous tourist ports,” said Prince Albert, speaking at the annual cocktail of the members of the Yacht Club of Monaco.

Some 40 new members have joined the club, including British sailor Saskia Clark and former NBA basketball player Tony Parker. About a thousand people attended the party. Prince Albert II also recalled that the club is organizing the Monaco Energy Boat Challenge from 4 to 9 July. All these initiatives are part of the Monaco Capital of Advanced Yachting, a project born in 2012 with the name of “Monaco Capital of Yachting,” a network brand whose aim is to consolidate the position of the Principality as a center of excellence in the yachting sector.

For more information:
LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2fda51ff-4d9e-40cc-aa34-15fd04f3dd1d

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.


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Philips completes cancellation of 8.8 million shares

July 4, 2022

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that it has completed the cancellation of 8,758,455 of its shares. The cancelled shares were acquired as part of the EUR 1.5 billion share repurchase program for capital reduction purposes that was announced on July 26, 2021.

Philips’ current issued share capital amounts to EUR 177,863,016.40 representing 889,315,082 common shares. As communicated earlier, Philips intends to have 19,571,218 shares delivered through the early settlement of forward contracts (entered into as part of the same share repurchase program) and to cancel those as well, which would result in 869,743,864 issued common shares at year-end 2022 (2021: 883,898,969).

More information is available here.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 15213446
E-mail: ben.zwirs@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 79,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

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COVID-19: Two New Cases Reported

Cambodia’s Ministry of Health reported 2 new cases of the novel coronavirus (COVID-19), all of Omicron variant transmitted locally, according to its press release this morning.

The tally now jumped to 136,298, of which 133,206 have recovered and 3,056 have passed away.

The Kingdom began to report new cases of COVID-19 since June 29, 2022 after 52 days of zero infection.

Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen keeps urging his compatriots to continue carrying out the health safety rules, particularly the Three Dos, Three Don’ts, and to get the booster doses to avoid the family, community and institutional transmission.

The first COVID-19 case was found in Cambodia in late January 2020 in Preah Sihanouk province.

Source: Agency Kampuchea Press

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Finance Ministry, NBC Enhance Digital Verify Customer Documents

The Ministry of Economy and Finance and the National Bank of Cambodia (NBC) have reached a memorandum of understanding on electronic Know Your Customer (e-KYC) cooperation, aiming to enhance digital verification of customer documents in Cambodia.

The MoU was signed here on Monday between H.E. Kong Mary, Secretary of State at the Ministry of Economy and Finance and Secretary General of the General Secretariat of Digital Economy and Business Committee in Cambodia and H.E. Ms. Chea Serey, Director General of the NBC’s Central Banking.

The e-KYC capacities are to raise awareness and promote the use of new technologies and innovations, particularly to boost the use of e-KYC in the banking and finance sectors.

In the CamDigikey (Cambodia Digital Key) portal, there are ten Application Programming Interfaces such as face, name, gender, date of birth, etc. to enable the public and private sector connections.

“Opening wide connection in this form will open a new page for Cambodia’s step in the e-KYC framework through facilitating time reduction for customers’ identification checks and verification mechanism with government’s data,” read a statement.

At the function, both sides encouraged the private sector, particularly the financial institutions, to use the CamDigiKey and provide constructive feedback.

eKYC is a technology that enables an organisation to digitally verify customer documents against a previously verified database.

In Cambodia, common problems with eKYC include people using multiple forms of identification to apply for services and a lack of a digital standard for verifying identity.

The latest update of the CamDigiKey 2.0 app was also launched on the occasion.

CamDigiKey is a secure yet easy mobile application that is used to authenticate oneself digitally. By registering on CamDigiKey, users obtain a valid digital identity through which users can log into any Cambodian government portal for example Online Business Registration.

Source: Agency Kampuchea Press

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