BAKKAFROST – COMPULSORY ACQUISITION OF REMAINING SHARES IN THE SCOTTISH SALMON COMPANY PLC
P/F Bakkafrost ("Bakkafrost") has today initiated a compulsory acquisition of the shares in The Scottish Salmon Company PLC ("SSC") not already owned by Bakkafrost.
These shares represent approx. 4.5% of the total number of shares in issue in SSC.
The shareholders will be offered a compensation of NOK 28.25 per share in the compulsory acquisition. This is the same amount as the price paid by Bakkafrost for the shares in SSC acquired through Bakkafrost's mandatory offer which closed in December last year. The total compensation due from Bakkafrost to the shareholders whose shares are compulsory acquired will be approx. NOK 240 million.
The compulsory acquisition process is expected to close in week 9 whereafter Bakkafrost will have completed the acquisition of all of the shares in SSC.
For further information please contact:
- Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)
- Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 23 50 60 (mobile
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.