![]() ![]() This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e. Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. We are proud that our efforts have again been recognized in Sustainalytics’ latest ESG risk rating, outperforming almost all big software industry players.” Our excellent ESG rating already creates real business value – for example, we will be able to benefit from better financing conditions as early as next year. Together with our investors and customers, we believe that more sustainable companies also have more sustainable success. ![]() Michael Wilkens, Chief Financial Officer at TeamViewer: “We have bundled our activities towards more sustainability within TeamViewer’s very own global program c-a-r-e, including clear commitments, targets, and measures. TeamViewer’s score again improved by 2.9 points in comparison to 2021 and results in TeamViewer now ranking among the Top 3 out of a total of 419 assessed companies in the “Enterprise & Infrastructure Software” subindustry. In September 2022, TeamViewer received an ESG Risk Rating of 9.9 and was assessed by Sustainalytics to be at negligible risk of experiencing material financial impacts from ESG factors. GOPPINGEN, October 6, 2022: TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced that it again improved its overall ESG risk score from leading independent ESG research, ratings and data firm Morningstar Sustainalytics. Provides pressure control equipment on a rental basis to exploration and production companies.TeamViewer ranks among Top 3 in Sustainalytics ESG risk rating Matting, camps, material handling and drilling support equipment. Providing drilling and specialized well completion services and supplies rental equipment including rig High Arctic is a market leader in Papua New Guinea High Arctic is an energy services provider. The net proceeds will increase liquidity as the Corporation furthers its recently announced intention to undertake a return of capital to shareholders and reorganize. ” The Nitrogen Transaction is subject to customary commercial closing conditions and is expected to close on July 21, 2023. ” High Arctic’s Board of Directors and Management acknowledge the robust team of employees affected and thank them for their dedicated service and commitment to operational excellence at High Arctic. The high margin, low operating cost rentals business provides a platform to grow to scale and positions the Corporation to utilize its substantive $130 million non-capital tax loss carryforwards. The rentals business is primarily focused on pressure control equipment and marketed under the HAES Rental Services branding. “Post-closing, High Arctic’s investment in Canada is comprised of its 42% equity investment in Team Snubbing, its equipment rental business and certain industrial real estate holdings. We believe the Nitrogen Transaction sets our employees up for success as they transition to a larger team wherein their safety, service acumen and operational skill set them up for career success.” Our nitrogen service line has a small market presence and service industry consolidation carries merit for all stakeholders. Mike Maguire, High Arctic CEO, commented “The Nitrogen Transaction builds on our strategy to free up capital employed in service lines where shareholder returns have proven substandard. High Arctic retains associated working capital and estimates a modest gain on sale over equipment net asset carrying value. ![]() The Nitrogen Transaction results in the transfer of High Arctic’s dedicated nitrogen assets and support employees to the Buyer. (TSX: HWO) “High Arctic” or the “Corporation” has entered into an asset purchase agreement with a private Canadian energy services company to sell its Canadian nitrogen pumping assets for gross proceeds of $1.35 million in cash, before transaction costs (the “Nitrogen Transaction”). Calgary, Alberta, June 19, 2023: High Arctic Energy Services Inc. ![]()
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