The Scottish Salmon Company Plc: Compulsory Acquisition Of Mionrity Shares By P/F Bakkafrost
13 Enero 2020 - 10:45AM
UK Regulatory
TIDMSSC
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 paid in the mandatory bid for the Equity Instruments
which Bakkafrost completed in December last year.
The holders of the Equity Instruments subject to the compulsory
acquisition can, within the date six weeks from today (24 February 2020),
apply to the Royal Court of Jersey for it to make an order that:
(a) Bakkafrost shall not be entitled and bound to acquire the
remaining Equity Instruments; or
(b) specifies terms of acquisition different from those offered
by Bakkafrost.
If no such order is made by the end of the six week period, Bakkafrost
shall so notify the Company and make payment of the compensation to the
Company. The Company will then record Bakkafrost as the owner of the
Equity Instruments and arrange for payment thereof to each recipient of
the compensation.
Holders of depositary receipts will receive such settlement amount to
the NOK account recorded on their VPS account.
This information is subject to the disclosure requirements pursuant to
section 5 -12 of the Norwegian Securities Trading Act.
(END) Dow Jones Newswires
January 13, 2020 11:45 ET (16:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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