COD – Repurchase of convertible bonds

COD – Repurchase of convertible bonds

Codfarmers ASA has repurchased convertible bonds with a total nominal value of NOK 6,356,921 under the company’s convertible bond loan “15 per cent/10.0 per cent Codfarmers ASA Senior Unsecured Convertible Bond Issue 2009/2013” with ISIN N0 001 0398142. The bonds were repurchased at 52% of their par value for a total consideration of NOK 3,609,947, which amount also includes accrued interests on the bonds of NOK 304,349.

Following the repurchase Codfarmers ASA holds own convertible bonds with a total nominal value of NOK 6,356,921.

The repurchase provides Codfarmers ASA with an accounting gain of NOK 1,903,921.