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.


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.

US-led Pacific Partnership 2022 wraps up in Phu Yen

The Pacific Partnership 2022 (PP22) concluded on July 3 on USNS Mercy, a hospital ship of the US Military Sealift Command anchored at Vung Ro Port in Dong Hoa town, the central province of Phu Yen.

The event saw the attendance of representatives from Vietnam, the US and other PP22 countries like Australia, the UK and Japan, along with those from foreign countries such as the Philippines, Indonesia, Papua New Guinea and Fiji, and international organisations.

The two-week programme focused on cooperation activities in health care, the construction of classrooms and climate change response, and art and sport exchanges.

Rear Admiral Mark Melson, Commander, Task Force 73 (CTF 73), noted that local residents and experts helped them understand more about cultural sensitivity in health care.

In his remarks, US Ambassador to Vietnam Marc E. Knapper expressed his delight at results of the PP22, calling them a message to promote the extensive and intensive cooperation between the two countries.

Vice Chairman of the provincial People’s Committee and head of the organising committee of the PP22 Dao My said through the programme, doctors and engineers in Phu Yen had a chance to participate in international cooperation activities and improve their professional skills.

This is the second time the PP has been held in Phu Yen. It aims to help enhance the Vietnam-US comprehensive partnership, friendship and cooperation between Vietnam and other participating countries./.

Source: Vietnam News Agency

Malaysia rolls out measures to stabilise commodities’ prices

Malaysian Prime Minister Ismail Sabri Yaakob has afffirmed that the government will seek measures to deal with the rising prices of commodities.

Speaking at a tourism event on July 3, the PM said that currently, the Malaysian has spent a subsidy of 17.6 billion USD to stabilise the prices of necesities such as chicken, eggs, cooking oil, water, petrol and electricity.

The country has given a number of short, middle and long-term solutions to easr people’s burden from rising prices of commodities, he said.

He underlined that the Malaysian Government will continue to focus on programmes and initiatives that bring about prosperity and interest to people, ensuring that no one is left behind.

Earlier, the Malaysian PM said that the country will set up a Food Security Committee to ensure the effective implementation of its national food security policies in the 2021-2025 period.

A special taskforce will also be formed to control inflation, he said./.

Source: Vietnam News Agency

HCM City hopes for stronger ties with Germany’s Frankfurt city

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai met a visiting delegation of the German city of Frankfurt led by Mayor Peter Feldmann on July 4.

Mai said HCM City views Frankfurt as one of the key foreign localities in its external relations.

He noted as there remains much potential for bilateral cooperation, the two sides should step up partnerships in trade, investment, information technology, science, environmental protection, and tourism. Meanwhile, Feldmann expressed his hope that in the time ahead, the two cities will further intensify exiting relations and expand cooperation to the areas matching HCM City’s interest and Frankfurt’s strength such as information technology, education, and environmental protection.

During their working trip, the Frankfurt delegation will attend the opening ceremony of the city’s representative office in HCM City and an international automotive industry exhibition. They will also visit some German enterprises operating in the southern economic hub of Vietnam./.

Source: Vietnam News Agency

Friendship insignia bestowed upon Danish Ambassador

Danish Ambassador to Vietnam Kim Højlund Christensen on July 4 was awarded the insignia “For peace and friendship among nations” for his contributions to promoting traditional friendship and cooperation between Vietnam and Denmark.

Speaking at the ceremony, President of the Vietnam Union of Friendship Organisations (VUFO) Ambassador Nguyen Phuong Nga highlighted the long-standing and traditional relations between Vietnam and Denmark.

She said that during his term in Vietnam, the ambassador has contributed to the effective implementation of a transition programme to a low-carbon economy in Vietnam from 2017- 2022, and played an important role in promoting major Danish businesses to invest in Vietnam in 2022.

The diplomat has made every effort to promote multifaceted relations between the two countries on the basis of mutual trust and respect for each other’s interest.

She added that the ambassador has supported and participated in foreign activities organised by the VUFO, and actively coordinated with the Vietnam – Denmark Friendship Association to hold cooperation and people-to-people exchange activities in order to strengthen mutual understanding and friendly relations.

Ambassador Christensen, for his part, promised that no matter what position he holds, he will continue to make contributions to further strengthen the traditional friendship and cooperation between Vietnam and Denmark./.

Source: Vietnam News Agency

Three Vietnamese cities among Southeast Asian best

Da Nang, Hanoi, and Ho Chi Minh City have been listed among the best cities in Southeast Asia in Asia’s Best Awards 2022, recently unveiled by the Travel & Leisure magazine.

Asia’s Best Awards 2022 suggests destinations, resorts and restaurants, among others, to try in the region. The lists were compiled basing on votes from readers around the world from January to April this year.

Among the three Vietnamese cities in the list, Da Nang comes third, Hanoi fifth, and HCM City eighth. Bangkok of Thailand holds the No. 1 position.

Meanwhile, Phu Quoc and Con Dao of Vietnam are among the Best Islands in Southeast Asia, respectively standing at the fourth and 10th places. Phuket of Thailand tops this list.

The awards also cover outstanding tourism brands in each country. For Vietnam, there are lists of the best restaurants, hotels, bars, pizza, hotel pools, and beach/upcountry resorts.

“The gates have been flung wide open and Vietnam’s up and away. Who would’ve thought in lockdown last year this country would be in a position now to say ‘xin chao’ to international tourists? While the plan to welcome five million visitors by year’s end might be ambitious, the Vietnamese are sure going to give it a try, with quarantine-free travel and no COVID-19 test requirements for entry,” according to Travel & Leisure./.

Source: Vietnam News Agency