Cermaq ASA : Announcement from Ministry of Trade and Industry

The State of Norway acquires shares in Cermaq ASA at NOK 108.00

On Monday 24 June, the State of Norway (the State) purchased 9,46 million shares in Cermaq ASA at NOK 108.00 per share. In addition, the State will on Tuesday 25 June purchase up to 5 million Cermaq shares on the Oslo Stock Exchange at the same price. The State's broker is Handelsbanken Capital Markets.

The State has now completed the process of a reverse Dutch auction in which it invited shareholders with a minimum holding of 5000 shares in Cermaq ASA to offer their shares for sale, in a period ending 24 June at 16:30 CET.

As a result of the auction, the State has purchased 9.46 million shares at a price of NOK 108.00 per share. All shares offered at or below this price have been purchased. Thus, all shareholders that offered shares at NOK 108.00 or less have had 100 % of their offer accepted.

A total of 10.9 million shares were offered at a price of NOK 109.00 per share or less, and a total of 12.1 million shares were offered at a price of NOK 110.00 or less.

After the purchase on 24 June the State now owns a total of 49.73 million shares in Cermaq ASA corresponding to 53.77 % of the shares issued.

The State will on Tuesday 25 June offer to buy up to 5 million shares at a price of NOK 108.00 per share on the Oslo Stock Exchange. The State's broker is Handelsbanken Capital Markets.

The rationale behind the purchases is described in the recent bill to the Storting (the Norwegian parliament): Prop. 178 S (2012-2013) - Statens eierskap i Cermaq ASA.

 

 

About Cermaq - Cermaq is an international group of companies with activities in fish farming, production of salmonid feed and research in aquaculture. Cermaq has operations in Norway, Chile, Canada, Scotland, the main geographic regions for salmon and trout farming, and in Vietnam. Through its business unit EWOS, Cermaq ranks as the world's largest producer of feed for salmonids. The business unit Mainstream is one of the world's leading farming companies of salmon and trout. The group had sales of around NOK 11.8 billion in 2012. Cermaq is listed on the Oslo stock exchange with ticker code CEQ. www.cermaq.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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Source: Cermaq ASA via Thomson Reuters ONE

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