Fintech PR
38th KT&G AGM Approves All Agenda Items
- Agendas including year-end dividend, partial AoI amendments, director appointments approved
SEOUL, South Korea, March 25, 2025 /PRNewswire/ — KT&G (KRX: 033780) concluded the 38th annual general meeting of shareholders (AGM) on March 26, at the KT&G Human Development Center, during which all agenda items tabled by the board of directors were approved.
Agenda items of this AGM included approval of: financial statements and statement of appropriation of retained earnings; partial amendments to the articles of incorporation (AoI); appointment of one inside and two outside directors; appointment of one audit committee member; and remuneration cap for directors. All agendas were ratified by shareholders.
KT&G proposal for 2024 year-end dividend at KRW 4,200 per share was accepted by the shareholders. The annual dividend, including the interim dividend of KRW 1,200 paid last year, is KRW 5,400, up KRW 200 from the previous year.
The meeting also approved AoI amendments clarifying the number of directors; aligning provisions regarding the appointment of audit committee members; clarifying the method for the appointment of the president; and changing the quarterly dividend record dates. Accordingly, the appointment of the president through the AGM will accurately reflect opinions of all shareholders and investors will be able to confirm the dividend set by the board before deciding to hold shares.
KT&G Chief Operating Officer (COO) and Senior Executive Vice President Sang-Hak Lee was appointed as an inside director. Mr. Lee was recognized for his contributions as COO in achieving parallel growth of corporate and shareholder value, increasing profitability based on strong main business competitiveness and preemptively establishing mid to long-term shareholder policies.
The assembly also approved outside directors, re-appointing Kwan-Soo Shon, former CJ Logistics CEO, and Jee-Hee Lee, the incumbent CEO of W-WORKS, who have been acting as outside directors for the past three years. Mr. Shon was also appointed as an audit committee member.
A KT&G spokesperson stated that “the 38th AGM laid the foundation for sophistication of the governance structure and shareholder value improvement as shareholders supported AoI amendments and director appointment-related AGM agenda items” and that “KT&G will continue its performance centered around its main business competitiveness stemming from board independence and expertise, improving shareholder value through top-level shareholder return plans.”
After the conclusion of the AGM, KT&G celebrated its 38th anniversary with 270 participants including KT&G management and employees.
During the ceremony, KT&G CEO Kyung-Man Bang emphasized that “improving profitability and accelerating growth are top priorities for heightening corporate value,” further emphasizing that “thanks to KT&G’s efforts last year in increasing direct overseas business for market expansion, the global cigarette business successfully towed profitability growth.”
Mr. Bang also asserted that “KT&G will quickly respond to market changes, reorienting and expanding our business focus from cigarettes to ‘Modern Products,’ a new concept of product lineup, reinforcing our market leader position.”
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The pioneering hospitality platform is revolutionizing hotel operations and guest experiences at an unprecedented pace
AMSTERDAM, April 2, 2025 /PRNewswire/ — Mews, the leading hospitality technology platform, now serves over 12,500 customers worldwide, increasing its customer base by 85% over the last year and cementing its position as a leader in the industry’s digital transformation. As more hoteliers abandon outdated legacy systems, Mews is redefining what’s possible with cloud-native, AI-enabled automated solutions that maximize efficiency and elevate guest experiences.
Key regions driving this expansion include North America, DACH and France. In North America, Mews doubled its customer base in 2024, while the DACH region recorded an equally impressive 20% market penetration. France also saw rapid adoption, with annual growth hitting 37%. This surge reflects the increasing demand for smarter, more agile hotel management technology.
From introducing AI smart tips providing personalized experiences, to introducing hourly booking services across all spaces and amenities, Mews has driven significant innovation in the hospitality industry, offering unparalleled scalability, automation and operational intelligence for some of the biggest hospitality brands in the world.
“The hospitality industry is at a tipping point – hoteliers can either evolve or be left behind,” said Richard Valtr, Founder of Mews. “Our vision is to make the world a more hospitable place, and Mews does that by empowering hoteliers with the tools they need to thrive in a rapidly changing landscape, simplifying their operations all the while building extraordinary guest experiences. Surpassing 12,500 customers is an exciting milestone, but we’re just getting started.”
Mews powers some of the most forward-thinking hospitality brands, including BWH Hotels, Lark Hotels, Marston’s, Strawberry, Zenitude and Meiser Hotels.
“Our phenomenal growth is proof that the industry is ready to break free from clunky, outdated systems,” said Matt Welle, CEO of Mews. “Hoteliers around the world are recognizing the power of automation. Even in traditionally slow-moving markets, we’re seeing an unstoppable shift towards smarter hospitality, and we’re proud to be a part of this innovation.”
This milestone come on the heels of an additional $75 million investment led by Tiger Global, reinforcing Mews as the technology partner of choice for modern hoteliers. Mews Ventures also recently acquired Atomize, a cutting-edge AI-driven revenue management solution, to further optimize profitability and unlock more revenue efficiencies for hotels worldwide.
About Mews
Mews is the leading platform for the new era of hospitality. Powering over 12,500 customers across more than 85 countries, Mews Hospitality Cloud is designed to streamline operations for modern hoteliers, transform the guest experience and create more profitable businesses. Customers include BWH Hotels, Strawberry, The Social Hub and Airelles Collection. Mews was named Best PMS (2024, 2025) and listed among the Best Places to Work in Hotel Tech (2021, 2022, 2024, 2025) by Hotel Tech Report. Mews has raised $410 million from investors including Growth Equity at Goldman Sachs Alternatives, Kinnevik and Tiger Global to transform hospitality.
For more information, visit mews.com
For media inquiries, please contact Katie Halfhead: press@mews.com
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View original content:https://www.prnewswire.co.uk/news-releases/mews-surpasses-12-500-customers-as-global-growth-accelerates-302417918.html
STOCKHOLM, April 2, 2025 /PRNewswire/ — EQT AB’s Q1 Announcement 2025 will be published on Wednesday 16 April 2025 at approximately 07:00 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, shareholderrelations@eqtpartners.com
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2025,c4129277
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Fintech PR
Yaakov (Jack) Aykout Afik, the Largest Property Developer in Cyprus, Sues President Nikos Christodoulides and the Republic of Cyprus for Hundreds of Millions of Euros in Monetary Damages Over Proceedings Against Him and His Business in Turkish Cyprus
The proceedings against the Republic of Cyprus are based on the 1998 Reciprocal Promotion and Protection of Investments Treaty, an international arbitration treaty between the Republic of Cyprus and the state of Israel, of which Afik is a citizen.
NICOSIA, Cyprus, April 2, 2025 /PRNewswire/ — Afik is seeking hundreds of millions euros in damages from Cyprus for the breach of its obligations under the treaty, resulting in lost sales, impairment to existing property inventory, damage to his reputation, and millions of euros in legal expenses.
In addition, Afik and his father, Mr. Shimon Aykout, are seeking millions in compensation for the wrongful and ongoing incarceration of Mr. Aykout, a 75-year-old cancer patient, held without trial for nine months in general population prison on criminal charges alleging he illegally traded in land once belonging to Greek Cypriot refugees who fled the Turkish side of Cyprus 50 years ago, when Turkey invaded the Island.
In his claims against Cyprus, Afik is relying on the expert legal opinion of Cambridge Professor Eyal Benvenisti, submitted to the European Court for Human Rights. Link: https://www.berkman.co.il/benbenishti
Ron Berkman, lead council for Jack Afik said “This is a landmark case, potentially opening the door for thousands to sue Cypress for billions of euro in damages to their property investments and the economy of Northern Cypress.”
Afik is represented by Gherson Solicitors LLP from 19 Harcourt Street London and Ron Berkman.
Contact
Ron Berkman +972506963000
Ronib@berkman.co.il
Jack Afik
Jack@afikgroup.com
+905488673972
Photo – https://mma.prnewswire.com/media/2653408/Afik_Group_Shimon_Eykout.jpg
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