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Leroy Seafood Group ASA (LSG.OL)

LSG.OL on Oslo Stock Exchange

388.80NOK
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Latest Key Developments (Source: Significant Developments)

Leroey Seafood not satisfied with proposed cod trawler regulations
Friday, 17 Mar 2017 07:14am EDT 

Leroey Seafood Group Asa : Says not satisfied with government's proposal for regulatory change of cod trawlers, which implies a reduction of the group's basic quota of 20 percent . Says main elements in the proposal seem to be that the government proposes to remove the so-called trawler fleet land-lock obligation system, partly in return for payment of financial compensation and partly a reduction in the company's basic quota . Plans to study proposal in detail and assess it in its entirety, including legal aspects .Hopes that company's input to further political discussions will be heard, so that final resolution provides best possible grounds for future development of our sector.  Full Article

Leroey Seafood sees 2017 salmon production cost in line with 2016
Tuesday, 21 Feb 2017 03:13am EST 

Leroey Seafood Group executives made the following statements during the company's fourth-quarter earnings presentation on Tuesday: CEO Henning Beltestad: expects significant variations in price of salmon . CEO: Current high salmon prices trigger some resistance among customers . CFO Sjur Malm: expects 2017 production cost per kilo of salmon to be in line with 2016 . CFO: Board wants gradual increase of dividends Further company coverage: [LSG.OL] (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Leroy Seafood Q4 operating result in line, sees strong Q1
Tuesday, 21 Feb 2017 12:30am EST 

Leroy Seafood Group Asa : q4 ebit before fair value adjustment NOK 1,017 million compared with NOK 353 million in Q4 2015 (Reuters poll NOK 1.01 billion) . q4 total revenue NOK 4,924 million compared with NOK 3,564 million in the same period of 2015 (Reuters poll NOK 4.91 billion) . sees 2017 harvest volume 180,000 tonnes including associates versus previous guidance of 180,000 tonnes . Based on estimated harvest volume and good market prospects, group currently expects earnings in q1 2017 to be strong . proposes 2016 dividend of nok 13 per share (Reuters poll nok 17.8) . Biomass at sea end q4/16 at 108,413 tonnes versus 108,270 tonnes end q4/15 . sees global salmon industry supply up 1.7 percent in 2017 .says expected contract share in q1 is about 30 percent, with higher harvest volume than q1 2016.  Full Article

Havfisk recommends shareholders to accpet Lerøy offer
Wednesday, 28 Sep 2016 03:57am EDT 

Havfisk ASA : Said on Tuesday Board's consideration is that Lerøy Seafood Group offer is fair and hence recommends Havfisk's shareholders to accept mandatory offer .On Sept. 16 Lerøy launched mandatory offer to shareholders in Havfisk, offering to acquire Havfisk shares at offer price of 36.50 Norwegian crowns ($4.49) per share [nGNE7MBJv2].  Full Article

Lerøy buys additional 2.2 million shares in Havfisk in market
Friday, 26 Aug 2016 05:21am EDT 

Havfisk ASA : Lerøy Seafood has acquired an additional 2,207,410 shares in Havfisk in market . Lerøy also intend to make a voluntary offer on remaining outstanding shares in Norway Seafoods at a price of 1.00 Norwegian crowns per share . Lerøy's aggregate shareholding in havfisk will after completion comprise to 67 percent of shares and voting rights in Havfisk .Lerøy's aggregate shareholding in Norway Seafoods will after completion comprise to 73.6 percent of shares and voting rights in Norway Seafoods.  Full Article

Ministry approves Lerøy acquisition of Havfisk and Norway Seafoods
Thursday, 25 Aug 2016 02:59am EDT 

Havfisk ASA : Says Lerøy acquisition of Havfisk and Norway Seafoods has been approved by Norway Ministry of Trade, Industry and Fisheries .Completion of sale of Havfisk will trigger a mandatory offer for remaining shares in Havfisk at 36.50 Norwegian crowns per share.  Full Article

Leroy Seafood q2 beats forecast, cuts 2016 output guidance
Thursday, 18 Aug 2016 12:30am EDT 

Leroy Seafood Group Asa : q2 ebit before fair value adjustment nok 760 million (Reuters poll nok 751 million) . sees 2016 harvest volume 173,000 tonnes including associates versus previous guidance 183,000 tonnes . Currently expect group's earnings in second half of 2016 to be considerably better than in equivalent period last year .now more confident that the measures taken are proving effective and that costs in connection with treatment will fall going forward.  Full Article

Leroy Seafood raises NOK 2.2 bln in share issue for acquisitions
Friday, 3 Jun 2016 02:33am EDT 

Leroy Seafood Group Asa : Has raised NOK 2,200 million ($264.04 million)in gross proceeds through a private placement consisting of 5,000,000 new shares and sale of 300.000 own shares at a price of NOK 415 per share . Leroy seafood group asa says private placement was well oversubscribed .Net proceeds from the Private Placement will be a part of the financing of the acquisitions of Havfisk ASA and Norway Seafoods Group AS, as announced Thursday [nL8N18V0IF].  Full Article

Leroy Seafood to issue 4-5 mln shares in private placement
Friday, 3 Jun 2016 12:56am EDT 

Leroy Seafood Group Asa : Lerøy has retained Pareto Securities AS as Sole Manager and Bookrunner to advise on and effect a private placement of new shares directed towards Norwegian and international investors. . In the Private Placement the Company is offering between 4,000,000 and 5,000,000 new shares, in addition to up to 300,000 own shares held by the Company, in total representing between 7.93% and 9.77% of the currently outstanding capital of the Company. . The Company has received significant pre-commitments from existing shareholders, as well as new institutional investors to subscribe for shares in the Private Placement. . The Company's largest shareholder, Austevoll Seafood ASA, will not participate in the Private Placement. . Net proceeds from the Private Placement will be a part of the financing of the acquisitions of Havfisk ASA and Norway Seafoods Group AS as announced Thursday. .The bookbuilding period commenced Thursday and ends on Friday (3 June 2016) at 08:00 CET..  Full Article

Aker Capital and Fausken Invest sell whole stake in Havfisk ASA
Thursday, 2 Jun 2016 10:37am EDT 

Havfisk ASA : Aker Capital AS, a company wholly owned by Aker ASA, has entered into agreement with Lerøy Seafood Group ASA for sale of 53,501,793 shares in Havfisk ASA at a price of NOK 36.5 per share . Following completion of transaction, Aker Capital AS will not hold any shares in company . Fausken Invest AS, company wholly-owned by Frank Ove Reite, Chairman of the Company's Board of Directors, has committed to sell its 1,026,632 shares in the company at a price of NOK 36.5 per share .Following completion of transaction, Fausken Invest AS will not hold any shares in company.  Full Article

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BRIEF-Leroy Seafood Q4 operating result in line, sees strong Q1

* q4 ebit before fair value adjustment NOK 1,017 million compared with NOK 353 million in Q4 2015 (Reuters poll NOK 1.01 billion)