6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

6-K - Kenon Holdings Ltd. (0001611005) (Filer)

SINGAPORE, Nov. 29, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q3 2023 and additional updates. Q3 and Recent Highlights Kenon Kenon has obtained a final arbitration award in favor of Kenon and its wholly-owned subsidiary IC Power Ltd. ("IC Power") in an arbitration proceeding against the Republic of Peru ("Peru") under the Free Trade Agreement between Singapore and Peru, awarding $110.7 million in damages, of which approximately $45 million will be attributable to Kenon, not including the award for fees and costs and pre- and post-award interest. The award is subject to tax.OPC Financial results:OPC's net profit in Q3 2023 was $27 mi

SINGAPORE, July 19, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon"), a Singapore-based holding company that operates dynamic, growth-oriented businesses in the energy and shipping sectors, announced today that it has appointed Ms. Tan Beng Tee to its Board of Directors ("Board") as a non-executive Director. Ms. Tan brings with her decades of experience in the shipping industry from her former role as Assistant Chief Executive of the Maritime and Port Authority of Singapore and her current position as Executive Director of the Singapore Maritime Foundation. Kenon Chairman Mr. Cyril Ducau stated, "We are thrilled to have Tan Beng Tee join our Board of Directors. She b

SINGAPORE, Sept. 9, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q2 2024 and additional updates. Q2 and Recent Highlights Kenon In June 2024, Kenon sold 5 million ZIM shares for total consideration of $111 million. Following the sale, Kenon remains the single largest shareholder in ZIM.Also in June 2024, Kenon entered into a collar transaction with an investment bank relating to an additional 5 million ZIM shares owned by Kenon.In September 2024, Kenon's board of directors authorized an increase in its share repurchase plan by $10 million to up to $60 million (including shares already purchased under the plan), and Kenon has entered int

SINGAPORE, June 3, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2024 and additional updates. Q1 and Recent Highlights Kenon Kenon has obtained a favorable decision in our litigation proceedings against Shenzhen Baoneng Investment Group Co., Ltd. in the Supreme People's Court of China in relation to its claim for breach of guarantee.Kenon and its wholly-owned subsidiary IC Power Ltd. obtained a favorable decision in its arbitration proceedings against the Republic of Peru with respect to pre- and post-award interest on the award, further to the tribunal's prior award in favor of Kenon.In April 2024, Kenon distributed a cash dividend o

SINGAPORE, March 26, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for 2023 and additional updates. Q4 and Recent Highlights Kenon In March 2024, Kenon's board of directors approved a cash dividend of approximately $200 million ($3.80 per share) payable in April 2024.OPC Financial results:OPC's net profit in 2023 was $47 million, as compared to a net profit of $65 million in 2022. OPC's 2023 net profit included its share in profit of CPV of $66 million as compared to $85 million in 2022.OPC's Adjusted EBITDA1 (including proportionate share in Adjusted EBITDA1 of associated companies) in 2023 was $304 million as compared to $250 million in 2

SINGAPORE, Nov. 29, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q3 2023 and additional updates. Q3 and Recent Highlights Kenon Kenon has obtained a final arbitration award in favor of Kenon and its wholly-owned subsidiary IC Power Ltd. ("IC Power") in an arbitration proceeding against the Republic of Peru ("Peru") under the Free Trade Agreement between Singapore and Peru, awarding $110.7 million in damages, of which approximately $45 million will be attributable to Kenon, not including the award for fees and costs and pre- and post-award interest. The award is subject to tax.OPC Financial results:OPC's net profit in Q3 2023 was $27 mi

SINGAPORE, Oct. 4, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces that an arbitration tribunal (the "Tribunal") constituted by the International Centre for Settlement of Investment Disputes ("ICSID") has delivered a final award (the "Award") in favor of Kenon and its wholly-owned subsidiary IC Power Ltd. ("IC Power") in an arbitration proceeding under the Free Trade Agreement between Singapore and the Republic of Peru ("Peru") ("Free Trade Agreement"). The arbitration related to two disputes submitted in June 2017 and November 2018 by Kenon and IC Power relating to resolutions of the mining and energy regulator in Peru (OSINERGMIN) on secondary frequency

SINGAPORE, Aug. 31, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN), (TASE: KEN) ("Kenon") announces its results for Q2 2023 and additional updates. Q2 and Recent Highlights  Kenon Kenon has returned approximately $24 million of capital to shareholders by repurchasing approximately 1.8% of its total outstanding shares since the start of the $50 million share repurchase plan announced in March 2023.OPC Financial results:OPC's net loss in Q2 2023 was $11 million, as compared to a net loss of $10 million in Q2 2022. OPC's Q2 2023 net loss included its share in profit of CPV of $4 million as compared to a $10 million share in loss of CPV in Q2 2022.OPC's Adjusted EBITDA1 (including proportio

SINGAPORE, July 19, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon"), a Singapore-based holding company that operates dynamic, growth-oriented businesses in the energy and shipping sectors, announced today that it has appointed Ms. Tan Beng Tee to its Board of Directors ("Board") as a non-executive Director. Ms. Tan brings with her decades of experience in the shipping industry from her former role as Assistant Chief Executive of the Maritime and Port Authority of Singapore and her current position as Executive Director of the Singapore Maritime Foundation. Kenon Chairman Mr. Cyril Ducau stated, "We are thrilled to have Tan Beng Tee join our Board of Directors. She b

SINGAPORE, June 5, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2023 and additional updates. Q1 and Recent Highlights OPC In March 2023, OPC announced that it completed the acquisition of a power plant in the Kiryat Gat Industrial Zone for total consideration of NIS 870 million (approximately $248 million).In May 2023, OPC announced that its subsidiary won a tender of the Israel Land Authority to design renewable energy electricity generation facilities using photovoltaic technology with an option to acquire lease rights in land in Israel for construction for total consideration of NIS 484 million (approximately $133 million).Financi

SINGAPORE, March 30, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for 2022 and additional updates. Q4 and Recent Highlights Kenon   In March 2023, Kenon's board of directors approved a cash dividend of approximately $150 million ($2.79 per share) payable in April 2023.  In March 2023, Kenon's board of directors also authorized a share repurchase plan of up to $50 million (as further described below).OPC Financial results:OPC's net profit in 2022 was $65 million, as compared to a net loss of $94 million in 2021, which included OPC's proportionate share in profit of CPV of $85 million in 2022 as compared to a proportionate share of loss of $1

SINGAPORE, Nov. 30, 2022 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q3 2022 and additional updates. Q3 and Recent Highlights OPC Financial results:OPC's net profit in Q3 2022 was $33 million, as compared to a net loss of $33 million in Q3 2021.OPC's Adjusted EBITDA2 in Q3 2022 was $28 million, as compared to $38 million in Q3 2021. OPC's proportionate share in Adjusted EBITDA of CPV associated companies was $50 million in Q3 2022 as compared to $16 million in Q3 2021.As part of a public offering in July 2022 and a private placement in September 2022 of OPC's ordinary shares, OPC raised aggregate gross proceeds totalling NIS 831 million (ap

SINGAPORE, Sept. 9, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q2 2024 and additional updates. Q2 and Recent Highlights Kenon In June 2024, Kenon sold 5 million ZIM shares for total consideration of $111 million. Following the sale, Kenon remains the single largest shareholder in ZIM.Also in June 2024, Kenon entered into a collar transaction with an investment bank relating to an additional 5 million ZIM shares owned by Kenon.In September 2024, Kenon's board of directors authorized an increase in its share repurchase plan by $10 million to up to $60 million (including shares already purchased under the plan), and Kenon has entered int

SINGAPORE, June 3, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2024 and additional updates. Q1 and Recent Highlights Kenon Kenon has obtained a favorable decision in our litigation proceedings against Shenzhen Baoneng Investment Group Co., Ltd. in the Supreme People's Court of China in relation to its claim for breach of guarantee.Kenon and its wholly-owned subsidiary IC Power Ltd. obtained a favorable decision in its arbitration proceedings against the Republic of Peru with respect to pre- and post-award interest on the award, further to the tribunal's prior award in favor of Kenon.In April 2024, Kenon distributed a cash dividend o

SINGAPORE, March 26, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for 2023 and additional updates. Q4 and Recent Highlights Kenon In March 2024, Kenon's board of directors approved a cash dividend of approximately $200 million ($3.80 per share) payable in April 2024.OPC Financial results:OPC's net profit in 2023 was $47 million, as compared to a net profit of $65 million in 2022. OPC's 2023 net profit included its share in profit of CPV of $66 million as compared to $85 million in 2022.OPC's Adjusted EBITDA1 (including proportionate share in Adjusted EBITDA1 of associated companies) in 2023 was $304 million as compared to $250 million in 2

SINGAPORE, June 5, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2023 and additional updates. Q1 and Recent Highlights OPC In March 2023, OPC announced that it completed the acquisition of a power plant in the Kiryat Gat Industrial Zone for total consideration of NIS 870 million (approximately $248 million).In May 2023, OPC announced that its subsidiary won a tender of the Israel Land Authority to design renewable energy electricity generation facilities using photovoltaic technology with an option to acquire lease rights in land in Israel for construction for total consideration of NIS 484 million (approximately $133 million).Financi

SINGAPORE, March 30, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for 2022 and additional updates. Q4 and Recent Highlights Kenon   In March 2023, Kenon's board of directors approved a cash dividend of approximately $150 million ($2.79 per share) payable in April 2023.  In March 2023, Kenon's board of directors also authorized a share repurchase plan of up to $50 million (as further described below).OPC Financial results:OPC's net profit in 2022 was $65 million, as compared to a net loss of $94 million in 2021, which included OPC's proportionate share in profit of CPV of $85 million in 2022 as compared to a proportionate share of loss of $1

SINGAPORE, Aug. 31, 2022 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q2 2022 and additional updates. Q2 and Recent Highlights Kenon In July 2022, Kenon distributed approximately $552 million ($10.25 per share) to shareholders.ZIM In August 2022, ZIM announced a second quarter 2022 dividend of approximately $571 million, or $4.75 per ordinary share, to be paid in September 2022. Kenon expects to receive $118 million ($112 million net of tax).Financial results[1]: - ZIM reported net profit in Q2 2022 of $1.3 billion, as compared to $0.9 billion in Q2 2021. - ZIM reported Adjusted EBITDA[2] in Q2 2022 of $2.1 billion, as compared to $1.3 billio

SINGAPORE, June 21, 2022 /PRNewswire/ -- Kenon Holdings Ltd. ("Kenon") (NYSE:KEN) (TASE: KEN) has previously announced that its Board of Directors has approved a capital reduction distribution in an aggregate amount of approximately $552 million, or $10.25 per share (the "Distribution"), and Kenon's shareholders approved the Distribution at Kenon's 2022 Annual General Meeting, contingent upon the approval of the High Court of the Republic of Singapore. Kenon is announcing today that the Distribution was approved by the High Court of the Republic of Singapore on June 14, 2022 and will be paid on July 5, 2022 (the "Payment Date") to Kenon's shareholders of record as of the close of trading on

SINGAPORE, June 1, 2022 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2022 and additional updates. Q1 and Recent Highlights Kenon Kenon intends to distribute approximately $552 million ($10.25 per share) to shareholders in July 2022, subject to approval of a capital reduction in the High Court of the Republic of Singapore.ZIM In May 2022, ZIM announced an interim dividend to be paid in June 2022 of $2.85 per share, representing $342 million in aggregate. Kenon expects to receive $71 million ($67 million net of tax).Financial results[1]:ZIM reported net profit in Q1 2022 of $1.7 billion, as compared to $0.6 billion in Q1 2021.ZIM reported A

SINGAPORE, March 31, 2022 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for 2021 and additional updates. Q4 and Recent Highlights Kenon Kenon intends to distribute $10.25 per share (approximately $550 million in total) to shareholders via capital reduction (subject to shareholder and court approval). During March 2022, Kenon completed a sale of 6 million ZIM shares for total consideration of $463 million. As a result of the sale, Kenon now holds a 20.7% interest in ZIM and remains the largest shareholder in ZIM.ZIM ZIM announced a cash dividend to be paid in April 2022 of $17.00 per share, representing $2.0 billion in aggregate. Kenon expects to

SINGAPORE, Nov. 30, 2021 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q3 2021 and additional updates. Q3 and Recent Highlights Kenon In November 2021, Kenon's board of directors approved an interim cash dividend of $3.50 per share (approximately $189 million in total) payable in January 2022. Kenon's profit for the third quarter of 2021 of $170 million was primarily impacted by ZIM's results and a reduction in the carrying amount of Qoros.ZIM ZIM announced an interim dividend to be paid in December 2021 of $2.50 per share, or approximately $296 million in the aggregate, of which approximately $77 million is payable to Kenon. Financial

U.S. stocks were mostly higher, with the Dow Jones index gaining over 100 points on Tuesday. Shares of UnitedHealth Group Incorporated (NYSE:UNH) rose sharply during Tuesday’s session following better-than-expected first-quarter earnings. The company reported adjusted EPS of $6.91, up from $6.26 a year ago, beating the consensus of $6.62. UnitedHealth’s revenues increased nearly $8 billion to $99.8 billion, beating the consensus of $99.3 billion, according to data from Benzinga Pro. UnitedHealth Group shares surged 6.2% to $473.20 on Tuesday. Here are some other big stocks recording losses in today’s session. Macatawa Bank Corporation (NASDAQ:MCBC) shares jumped 38.8% to $13.78 after

OPC The following discussion of OPC's results of operations is derived from OPC's consolidated financial statements, which are denominated in NIS for purposes of OPC's financial statements, as translated into US dollars for Kenon's financial statements. Summary Financial Information of OPC   For the year endedDecember 31,  2023 2022  $ millions Revenue692 574 Cost of sales (excluding depreciation and amortization)(494) (417) Finance expenses, net(53) (14) Share in profit of associated companies, net66 85 Profit for the period47 65 Attributable to:    Equity holders of OPC40 50 Non-controlling interest7 15      Adjusted EBITDA3304 250      For details of OPC's results please refer to Appendix

U.S. stocks traded mostly higher, with the Nasdaq Composite gaining around 30 points on Monday. Shares of ZimVie Inc. (NASDAQ:ZIMV) shares rose sharply during Monday’s session after the company disclosed an agreement to sell its spine business to H.I.G. Capital for $375 million. The acquisition price comprises $315 million in cash, subject to certain customary adjustments as set forth in the agreement, and $60 million in the form of a promissory note that will accrue interest at a rate of 10% per annum, compounded semi-annually, payable in kind. ZimVie shares jumped 42.8% to $16.03 on Monday. Here are some other big stocks recording gains in today’s session. United States Steel Corpor

Kenon Hldgs (NYSE:KEN) reported $229.00 million in sales this quarter. This is a 40.49 percent increase over sales of $163.00 million the same period last year.

Kenon Hldgs (NYSE:KEN) reported $165.00 million in sales this quarter. This is a 36.36 percent increase over sales of $121.00 million the same period last year.

enon Holdings Ltd.'s (NYSE:KEN, TASE: KEN))) ("Kenon") subsidiary OPC Energy Ltd. ("OPC") announced on May 11, 2023 that OPC's subsidiary, OPC Power Plants Ltd.1 (the "Awardee") won a tender conducted by the Israel Land Authority ("ILA") to design renewable energy electricity generation facilities using photovoltaic technology with an option to acquire lease rights in land in Israel for construction in three areas in Neot Hovav Industrial Local Council, with a total area of approximately 2,270 dunams (approximately 561 acres).   OPC today announced an update on the tender pursuant to which the Awardee has paid NIS 96.8 million (approximately $26.1 million) to the ILA (OPC's share of this p

  On Monday, 65 companies hit new 52-week lows. Things to Consider About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Pfizer (NYSE:PFE). The smallest company in terms of market cap to set a new 52-week low was Biodexa Pharmaceuticals (NASDAQ:BDRX). Tivic Health Systems (NASDAQ:TIVC) shares traded down 40.69% to reach its 52-week low, making it the biggest loser. Chijet Motor Co (NASDAQ:CJET) shares bounced back the most, actually rising 0.0% after hiting a new 52-week low. Stocks dropping to new 52-week lows on Monday: Bristol-Myers Squibb (NYSE:BMY) shares fell to $62.30 on Monday, setting a new 52-week low with a shift of down 0.54%. Hu

  On Wednesday, 29 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was NovoCure (NASDAQ:NVCR). The company with the smallest market cap to set a new 52-week low was HTG Molecular Diagnostics (NASDAQ:HTGM). PolarityTE (NASDAQ:PTE)'s stock traded down the lowest, falling 42.87% to reach a new 52-week low. Owlet (NYSE:OWLT) shares rebounded the highest, with shares trading up 0.1%, bouncing back after reaching its new 52-week low. Here is a list of stocks that set new 52-week lows on Wednesday: NovoCure (NASDAQ:NVCR) shares were down 1.26% for the day, having made a 52-week low of