Laatste artikelen op Beursig.com
https://www.fishfarmingexpert.com/artic ... al-salmon/
https://www.intrafish.com/finance/norwa ... -1-1043202
The board of directors of Norway Royal Salmon ASA (the "Board"; “NRS”) refers to NTS ASA's mandatory offer for all outstanding shares in NRS announced on 16 July 2021.
The Board recommends the shareholders in NRS not to accept the offer. In the Board's view, the offer price does not reflect the underlying values in NRS.
The Board has engaged Arctic Securities AS as financial advisor and Advokatfirmaet Wiersholm AS as legal advisor in connection with the offer. Together with its advisors the Board will explore alternatives for the company and its shareholders.
Please also note that any acceptance of the offer from NTS ASA is irrevocable. This means that a shareholder who accepts the offer is not allowed to withdraw the acceptance even if better offer should be made. Any shareholders considering to accept the offer are thus recommended to wait to decide whether to accept the offer until the last day in the offer period to maintain the possibility to accept any potential superior offer.
The Board will publish a formal statement on the offer according to the Norwegian Securities Trading Act section 6-16, at the latest one week before expiration of the offer period. It has been clarified with Oslo Stock Exchange that it is the Board other than its chairman, Helge Gåsø (who is a close associate to NTS ASA and has disqualified himself from participating in the Board's consideration of the offer), that will give the statement of the Board according to the Norwegian Securities Trading Act section 6-16.
For further information please contact: Eva Kristoffersen, Deputy Chairman, +47 992 79 311.
This notification has been submitted pursuant to the Securities Trading Act § 5-12.
The notification is submitted on behalf of Norway Royal Salmon ASA by Bjørn Kleven, Group Accounting Manager, at 21.45 (CEST), 21 July 2021.
https://norwayroyalsalmon.com/en/invest ... ion-Policy
https://norwayroyalsalmon.com/en/invest ... al-reports
Ik herneem de laatste paragrafen:
5. Assessment and recommendation
The Board has reviewed the Offer Document and evaluated factors that the Board considers as material for the assessment of whether the Offer should be accepted by the shareholders of Norway Royal Salmon.
Having carefully reviewed the terms and conditions of the Offer, and in consideration of the evaluation provided by Arctic Securities AS as financial advisor to Norway Royal Salmon, the Board recommends that the shareholders with a long term view on their investment do not accept the Offer. The recommendation is based on available information and the circumstances mentioned above. The Board’s conclusion is supported by its view of Norway Royal Salmon's capability to generate competitive returns in the future, also taking into account the production of triploid salmon being phased out and the growth projects related to the company’s new smolt facility, the Arctic Offshore Farming concept and the successful operations on Iceland through Arctic Fish.
The recommendation is unanimous.
However, should it become probable that NTS will be able to acquire a controlling ownership in Norway Royal Salmon (>50%), shareholders not having accepted the relevant Offer should be alert to the possibility of this having adverse effects on liquidity and share pricing by removing the strategic value of the company for other potential interested parties, which may make the acceptance of the Offer more attractive.
In light of the process initiated by the Board to explore strategic options for Norway Royal Salmon, the Board recommend that shareholders, in any event, refrain from accepting the Offer until the very end of the acceptance period (16 August 2021).
The Board retains the right to amend, qualify or withdraw its statement with respect to the Offer.
The members of the Board who have participated in the giving of this statement and the CEO of Norway Royal Salmon do not intend to sell their shares under the Offer.
9 August 2021
The Board of Directors of Norway Royal Salmon ASA