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Marine Harvest ASA (MHG.OL)

MHG.OL on Oslo Stock Exchange

137.60NOK
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Deep Sea Supply: exercise of option for construction of one wellboat
8:44am EDT 

Deep Sea Supply Plc : DESS Aquaculture Shipping AS - exercise of option for construction of one wellboat . DESS Aqua has now declared first option vessel under this contract, and vessel has a contractual delivery date in Q2 2018 .Upon delivery, vessel will enter into a five year charter contract with Marine Harvest Full Article

Norway cuts quota at Marine Harvest's Bukkholmen salmon farm
Friday, 24 Feb 2017 10:18am EST 

Marine Harvest Asa : Norway's Food Safety Authority (FSA) says has warned Marine Harvest it will cut the company's maximum allowed biomass quota at Bukkholmen for 2 years . Biomass is a measure of how much fish is held in a fish farm . FSA says cut is due to repeated prevalence of sea lice at Bukkholmen . FSA says Marine Harvest has been too slow in implementing measures to reduce sea lice, and the effect of measures has not been satisfactory in several cases . FSA says aim of biomass reduction is to ensure operation at the site is brought in line with regulation .Marine Harvest is the world's top salmon farmer.  Full Article

Marine Harvest completes C$15 mln purchase of farming assets on the East Coast of Canada
Friday, 24 Feb 2017 01:40am EST 

: Fish farmer Marine Harvest completes the purchase of farming assets on the East Coast of Canada . The Court of Queen's Bench of New Brunswick has approved Marine Harvest as the purchaser of the assets owned by the Gray Aqua Group of Companies .Acquisition price on a cash and debt free basis is C$15 million, announced on Dec 19 2016 [nASM0008A1].  Full Article

Fish farmer Marine Harvest nominated to buy Candaian farming assets
Monday, 19 Dec 2016 02:00am EST 

Marine Harvest Asa : Marine Harvest nominated to purchase farming assets on the east coast of Canada . Have been nominated by receiver of all assets owned by Gray Aqua Group of companies to purchase company . Acquisition price on a cash and debt free basis is CAD 15 million . "The acquisition is important from a strategic point of view, as it further broadens Marine Harvest's global farming footprint in a country where we are already present on the West Coast" . Says he market for salmon in North-East America continues to develop very favourably . The assets purchased include one hatchery in New Brunswick, two farming licenses in New Brunswick, seven farming licenses in Newfoundland, and one processing plant in Newfoundland . Currently no fish has been stocked in the above mentioned licenses . In addition, the Company has applied for 17 farming licenses in Newfoundland which are yet to be approved .Marine Harvest will shortly start to detail a production plan and investment framework for the East Coast of Canada, including building an organisation capable to produce 15,000-20,000 tonnes gutted weight equivalent of salmon per annum.  Full Article

Marine Harvest CEO says to have "high contract share" in H1 2017
Wednesday, 2 Nov 2016 03:00am EDT 

Marine Harvest Asa : ceo says expects high cost level also in q4 . ceo says our average price is about 90 percent of spot price due to contract commitments . ceo says we see that we will have a high contract share also in the first half of 2017 Further company coverage: [MHG.OL] (Reporting By Joachim Dagenborg, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Marine Harvest rejects biomass flexibility proposal
Thursday, 1 Sep 2016 01:36am EDT 

Marine Harvest Asa : After due consideration including length of the trial period, cost, potential output and sustainability Marine Harvest has decided to not apply for flexible maximum allowed biomass .The Norwegian Fishery Directorate on June 30 offered Norwegian salmon farmers increased flexibility with regards to meeting the maximum biomass regulations.  Full Article

Marine Harvest executive sold 15,000 shares
Monday, 29 Aug 2016 02:03am EDT 

Marine Harvest Asa : Oeyvind Oaland, research and development global director in Marine Harvest ASA, sold 15,000 shares in the company at a price of nok 130.21 per share .Subsequent to this transaction Oaland holds 4,388 shares and 51,089 unexercised options in Marine Harvest.  Full Article

Havyard Group to deliver equipment for construction of well boat
Thursday, 18 Aug 2016 03:49am EDT 

Havyard Group ASA : Havyard MMC AS has entered into a contract for delivery of equipment for the construction of a well boat . The vessel shall be built abroad for the joint venture company DESS Aquacutlure Shipping established by Marine Harvest Norway and Deep Sea Supply , and will be in operation for Marine Harvest Canada .The contract value is in excess of 50 millions Norwegian crowns, and contains options for delivery of equipment to further three vessels.  Full Article

BRIEF-Marine Harvest raises Q2 dividend, cuts 2016 output guidance
Thursday, 18 Aug 2016 12:30am EDT 

Marine Harvest Asa : Proposes quarterly dividend of NOK 3.2 per share, of which NOK 1.10 is related to the divestment of the shares in Grieg Seafood, versus Q1 dividend of nok 1.70 . q2 operational ebit eur 149 million versus preliminary earnings of eur 147 million . Says farming costs have become unacceptably high and cost trend is not satisfactory . Continues to have utmost focus on cost reduction throughout organization and supports new methods and innovative solutions to combat cost escalation . Further, market balance for 2016 is expected to remain tight, and we project a global supply decline of 7 % . Marine harvest sees 2016 harvest of 400,000 tonnes versus q1 guidance of 414,000 tonnes .Compared to q2 of 2015, costs are up in all regions.  Full Article

Marine Harvest raises Q2 dividend, cuts 2016 output guidance
Thursday, 18 Aug 2016 12:30am EDT 

Marine Harvest Asa : Proposes quarterly dividend of NOK 3.2 per share, of which NOK 1.10 is related to the divestment of the shares in Grieg Seafood, versus Q1 dividend of nok 1.70 . q2 operational ebit eur 149 million versus preliminary earnings of eur 147 million . Says farming costs have become unacceptably high and cost trend is not satisfactory . Continues to have utmost focus on cost reduction throughout organization and supports new methods and innovative solutions to combat cost escalation . Further, market balance for 2016 is expected to remain tight, and we project a global supply decline of 7 % . Marine harvest sees 2016 harvest of 400,000 tonnes versus q1 guidance of 414,000 tonnes .Compared to q2 of 2015, costs are up in all regions.  Full Article

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REFILE-Marine Harvest: big gains for senior executives after share option exercise

OSLO, March 22 ** Fish farmer Marine Harvest , the world's largest, said on Wednesday senior executives have exercised 697,348 options in Marine Harvest, corresponding to 697,348 shares at a strike price of NOK 42.63 per share under its share option plan from 2013 ** On the same date, March 21, Marine Harvest purchased 697,348 own shares at a price of NOK 141.10 per share to settle its obligation to deliver the shares and vs closing price of NOK 141.3 ** Among the executives CEO Al