Cermaq ASA : Press release from the Ministry of Trade and Industry: Potential purchase of shares in Cermaq ASA

The Norwegian Ministry of Trade and Industry has initiated a process for a potential purchase of shares in Cermaq ASA. All shareholders in Cermaq ASA are hereby invited to notify Handelsbaken Capital Markets, acting as agent for the Ministry, of any offers for Cermaq shares they wish to make.

The Norwegian Ministry of Trade and Industry ("MTI") has put forward a proposition to Parliament (Prop. 178 S (2012-2013)) asking for permission to increase its holding in Cermaq ASA to 65%. Therefore, the MTI would like to invite all shareholders in Cermaq to make offers for sale of all or a portion of their shareholding. The process will be conducted as a "reverse Dutch auction", where the auctioneer receives offers for sale of shares. The auction will start today, 20 June at 09:00 CET and will remain open until Monday 24 June at 16:30 CET unless a notice of an extension is given.

The MTI aims to purchase up to 10.75 million shares in Cermaq, equating to approximately 11.6% of the outstanding shares in the company. The amount of shares to be purchased can be increased to 19.8 million shares, equating to approximately 21.6% of the oustanding share in the company.

See the full announcement at the Mininstry's web site  http://www.regjeringen.no/en/dep/nhd/press-centre/Press-releases/2013/-potential-purchase-of-shares-in-cermaq-.html?id=730968

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Cermaq ASA via Thomson Reuters ONE

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