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Austevoll Seafood ASA Acquires Stake in Norway Pelagic ASA; to Submit Mandatory Offer to Acquire Remaining Shares


Wednesday, 6 Feb 2013 02:00am EST 

Austevoll Seafood ASA (AUSS) announced that it has on February 6, 2013 purchased 1,720,000 shares in Norway Pelagic ASA (NPEL) at an average price of NOK 15.10 per share. Maximum price paid was NOK 15.50 per share. AUSS hereafter owns a total of 9,698,994 shares in NPEL representing 52.63% of the outstanding shares in NPEL. As a result of this purchase, AUSS has passed the mandatory offer threshold in the Norwegian Securities Trading Act. AUSS intends to submit a mandatory offer to acquire the remaining shares in NPEL within the deadline of four weeks set forth in the Norwegian Securities Trading Act. The offer price will be NOK 15.50 per share. 

Company Quote

46.5
0.8 +1.75%
23 Dec 2014