COD – LOANS FROM SHAREHOLDERS
Codfarmers ASA has today entered into loan agreements with Kontrari AS and Dolphin Management AS for unsecured loans of a total amount of NOK 16 million. The loans shall accrue interest at a rate equal to NIBOR 6 months + 7 percentage points and fall due for repayment on 31 December 2012.
The proceeds will be used to cover finance needs that have arisen due to lower harvest activity than expected during the summer, mainly due to limited access to wellboat services for fish transportation in August and capacity restrains in the Company’s harvesting plant in July and in the first half of August.
For further information, please contact:
Marianne E. Johnsen, Chair of the Board of Directors of Codfarmers, telephone +47 93 66 30 00
Harald Dahl, CEO of Codfarmers, telephone +47 90 11 92 82
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.