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BMK Benchmark Holdings Plc

43.50
0.25 (0.58%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Benchmark Holdings Plc LSE:BMK London Ordinary Share GB00BGHPT808 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 0.58% 43.50 43.00 43.50 42.90 42.40 42.90 334,274 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 169.74M -23.15M -0.0313 -13.71 317.18M

Benchmark Holdings PLC Update on Joint Venture with AquaChile (5980B)

10/06/2019 7:00am

UK Regulatory


Benchmark (LSE:BMK)
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RNS Number : 5980B

Benchmark Holdings PLC

10 June 2019

10 June 2019

Benchmark Holdings plc

("Benchmark" or the "Company")

Update on Joint Venture with Empresas AquaChile S.A. (AquaChile)

Dissolution of Joint Venture

Further to the announcement made on 29 May 2019, Benchmark, the aquaculture health, nutrition and genetics business, announces that it has completed the dissolution of its joint venture with AquaChile.

As previously announced, Benchmark will receive its $16.25m original investment in the JV. Payment will be made in two instalments, a first US$7.5m payment will be made 10 days after completion and the balance US$8.75m six months after completion. The Company will also receive the IP rights, genetics stock and biomass in the JV. The dissolution has created an opportunity for Benchmark to take control of a land based salmon breeding facility belonging to the JV. The Company is in the process of conducting due diligence on the facilities and it is expected that the transfer of ownership will take place in the coming weeks. A further announcement will be made in due course.

- ENDS -

Enquiries

 
 For further information, please contact: 
 Benchmark Holdings plc                     Tel: 020 3915 1236 
 Malcolm Pye, CEO 
 Mark Plampin, CFO 
 Ivonne Cantu, Investor Relations 
 
 
 Numis (Broker and NOMAD)                   Tel: 020 7260 1000 
 James Black, Freddie Barnfield, Freddie 
  Naylor-Leyland 
 
 
 MHP Communications                         Tel: 020 3128 8794 
 
   Katie Hunt / Reg Hoare / Alistair de Kare-Silver                    benchmark@mphc.com 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

June 10, 2019 02:00 ET (06:00 GMT)

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