reports
The Scottish Salmon Company PLC: Update compulsory acquisition by P/F ...
The Scottish Salmon Company PLC: Update compulsory acquisition by P/F Bakkafrost (5 March 2020): P/F Bakkafrost ("Bakkafrost") initiated, on 13 January 2020, a compulsory acquisition of all of The Scottish Salmon Company PLCs (“SSC”) depositary receipts recorded in the Norwegian VPS system (the “Depositary Receipts”), and common shares issued in physical form (the “Common Shares”, and collectively, the “Equity Instruments”). The compensation per Equity Instrument is NOK 28.25, i.e. the same amount as the amount paid in the mandatory bid for the Equity Instruments which Bakkafrost complete...
The Scottish Salmon Company PLC: Compulsory Acquisition of Mionrity S...
The Scottish Salmon Company PLC: Compulsory Acquisition of Mionrity Shares by P/F Bakkafrost P/F Bakkafrost ("Bakkafrost") has, today, initiated a compulsory acquisition of the shares in The Scottish Salmon Company PLC (the "Company") held by other shareholders therein than Bakkafrost. The compulsory acquisition covers both the depositary receipts recorded in the Norwegian VPS system and the common shares issued in physical form. The compensation offered by Bakkafrost is NOK 28.25 per depositary receipt/common share (together, the "Equity Instruments"), i.e. the same amount as the price p...
The Scottish Salmon Company PLC: Refinancing of banking facilities
The Scottish Salmon Company PLC: Refinancing of banking facilities The Scottish Salmon Company PLC is pleased to announce that its wholly owned subsidiary, The Scottish Salmon Company Limited, has refinanced its banking facilities with a secured GBP 100m five-year multicurrency revolving credit facility with Coöperatieve Rabobank U.A, DNB (UK) Limited and Nordea Bank ABPm (Filial i Norge). The facility provides an increased and more flexible funding package to support the Company's objective for growth, as well accommodating the variability in working capital requirements of the business. ...
The Scottish Salmon Company PLC: Q4 2019 Trading Update
The Scottish Salmon Company PLC: Q4 2019 Trading Update Harvest volumes in Q4 2019 are 7.9 thousand tonnes. Harvest volumes for the full year 2019 are 33.8 thousand tonnes. The harvest volumes are provided in head on gutted (HOG) equivalent. This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
The Scottish Salmon Company PLC: Change of CEO following merger with B...
The Scottish Salmon Company PLC: Change of CEO following merger with Bakkafrost The Scottish Salmon Company (the "Company") today announced that, following the impending merger with Bakkafrost, it has been jointly agreed that Craig Anderson will leave his position as Chief Executive Officer. Odd Eliasen, existing Managing Director of Havsbrún, part of the Bakkafrost Group, will assume the role as CEO of the Company with immediate effect. Mr Eliasen has broad experience in the fish farming industry and has been active in restructuring fish farming in the Faroes and has held various Board...
The Scottish Salmon Company PLC: Bakkafrost Settlement Date for the Ma...
The Scottish Salmon Company PLC: Bakkafrost Settlement Date for the Mandatory Offer BAKKAFROST – Settlement Date for the Mandatory Offer for the Depositary Receipts and Common Shares in The Scottish Salmon Company PLC Reference is made to the announcement from P/F Bakkafrost ("Bakkafrost") on 10 December 2019. It has now been decided that the settlement date for the Mandatory Offer will be Tuesday, 17 December. The postponement compared to the date indicated in the above announcement is due to Bakkafrost’s wish to include late acceptances of the Mandatory Offer in the settlement and the...
Scottish Salmon Company PLC: Update on the P/F Bakkafrost mandatory of...
Scottish Salmon Company PLC: Update on the P/F Bakkafrost mandatory offer Update on the P/F Bakkafrost mandatory offer for the depositary receipts and outstanding common shares in The Scottish Salmon Company Plc Reference is made to the announcement from P/F Bakkafrost ("Bakkafrost") on 8 November 2019 of a mandatory offer for all of the depositary receipts (representing common shares) and the common shares not covered by depositary receipts in the Company which are not already owned by Bakkafrost. The offer period for of the mandatory offer expired on 9 December 2019. During the offer p...
The Scottish Salmon Company PLC: Primary Insider Transaction
The Scottish Salmon Company PLC: Primary Insider Transaction Reference is made to the Company's announcement dated 9th December regarding the transfer of treasury shares under the Company's Share Incentive Plan ("SIP"). As a participant in the SIP James Billett, a primary insider, has purchased 127 shares of the Company at the average market price of NOK 28.25 per share. Subsequently to this purchase Mr Billett owns 173 shares in The Scottish Salmon Company PLC. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. ...
The Scottish Salmon Company PLC:Transfer of Treasury Shares
The Scottish Salmon Company PLC:Transfer of Treasury Shares The Scottish Salmon Company PLC has accepted the mandatory offer from Bakkafrost for 138,675 Treasury Shares. The Scottish Salmon Company PLC ('the Company') has also sold 13,982 Treasury Shares to employees as part of the Company's 2019 Share Incentive Plan (“SIP”), the shares were sold at NOK 28.25 per share being the closing share price on 6th December 2019. Following the acceptance of the mandatory offer and the SIP transfers the Company holds 1,108 treasury shares. The Scottish Salmon Company PLC share capital remains unchange...
The Scottish Salmon Company PLC: Minutes EGM 9 December 2019
The Scottish Salmon Company PLC: Minutes EGM 9 December 2019 Please find attached the minutes of the EGM held on 9th December 2019. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment
The Scottish Salmon Company PLC: Disclosure
The Scottish Salmon Company PLC: Disclosure Susan Cox, Primary Insider, has today, 05 December 2019, accepted the mandatory offer from Bakkafrost for all her 20,555 shares in The Scottish Salmon Company (SSC). This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
The Scottish Salmon Company PLC: Disclosure
The Scottish Salmon Company PLC: Disclosure Douglas Low, Primary Insider, has today, 05 December 2019, accepted the mandatory offer from Bakkafrost for all his 40,000 shares in The Scottish Salmon Company (SSC). This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
The Scottish Salmon Company PLC: Disclosure
The Scottish Salmon Company PLC: Disclosure Craig Anderson, Primary Insider, has today, 05 December 2019, accepted the mandatory offer from Bakkafrost for all his 456,086 shares in The Scottish Salmon Company (SSC). This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
The Scottish Salmon Company PLC: Disclosure
The Scottish Salmon Company PLC: Disclosure Merete Myhrstad, Primary Insider, has today, 04 December 2019, accepted the mandatory offer from Bakkafrost for all her 65,000 shares in The Scottish Salmon Company (SSC). This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
The Scottish Salmon Company PLC: Statement from the Board of Directors...
The Scottish Salmon Company PLC: Statement from the Board of Directors regarding the mandatory offer from Bakkafrost P/F It is the Board of Directors' (the "Board") overall assessment, including DC Advisory’s fairness opinion, that the offer outlined by Bakkafrost P/F is fair. Thus, the Board recommends the shareholders of The Scottish Salmon Company Plc to accept Bakkafrost's offer. The statement from the Board in accordance with § 6-16 of the Norwegian Securities Trading Act in connection with the mandatory offer from Bakkafrost P/F is enclosed. A fairness opinion dated 29 November 2019, ...
- Alexander Aukner
- Jon Masdal
- Marius Knudssøn
- Martin Huseby Karlsen
- Ole-Andreas Krohn
- Alexander Aukner
The Scottish Salmon Company (No_rec, TP: NOK) - Discontinuing coverage
As of 8 November 2019, Bakkafrost held 80.77% of the shares in The Scottish Salmon Company and is now completing its mandatory bid for the remaining 19.23% at NOK28.25/share. The offer period ends at 18:00 CET on 9 December. The Scottish Salmon Company will no longer produce Q1 or Q3 reports (from 11 November 2019). We have discontinued coverage of The Scottish Salmon Company. Our last published recommendation, target price and estimates should no longer be relied upon
The Scottish Salmon Company PLC : Notice of Extraordinary General Meet...
The Scottish Salmon Company PLC : Notice of Extraordinary General Meeting 9 December 2019 Attached please find the Notice and Proxy Form for the Extraordinary General Meeting of The Scottish Salmon Company PLC on 9 December 2019. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments
The Scottish Salmon Company PLC: Result of Strategic Review
The Scottish Salmon Company PLC: Result of Strategic Review Scottish Salmon Company(“SSC”) Result of Strategic Review Offer by Bakkafrost to acquire majority holding in The Scottish Salmon Company triggering a mandatory takeover of the entire business Bakkafrost announced today that it has entered into an agreement with Northern Link in order to acquire Northern Link’s 68.6% stake of the shares in The Scottish Salmon Company (SSC), at an acquisition price of NOK28.25 per share. The successful acquisition of the 68.6% majority stake will trigger a Mandatory Tender Offer for the remaini...
The Scottish Salmon Company PLC: Transfer of Treasury Shares
The Scottish Salmon Company PLC: Transfer of Treasury Shares Today The Scottish Salmon Company PLC ('the Company') has sold 14,666 treasury shares to employees as part of the Company's 2019 Share Incentive Plan, the shares were sold at NOK 24.9 per share being the closing share price on 11th September 2019. Following these transfers the Company holds 153,675 treasury shares and The Scottish Salmon Company PLC share capital remains unchanged at NOK 174,626,256 divided into 194,029,173 fully paid common shares, each with a par value of NOK 0.90. This information is subject to the disclosure...
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