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Tassal Group Ltd (TGR.AX)

TGR.AX on Australia Stock Exchange

24 Mar 2017
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$0.04 (+0.92%)
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Latest Key Developments (Source: Significant Developments)

Tassal Group says it is investing in a range of working capital and capital investment initiatives
Wednesday, 1 Mar 2017 05:57pm EST 

Tassal Group Ltd - : Is investing in a range of working capital and capital investment initiatives . Expects to invest $270 million in capital expenditure over next five years, with forecast return on this capital expected to exceed current levels . Initiatives are expected to deliver an additional 2,500 - 3,000 hog tonnes of harvested salmon each year to fy21 . Initiatives to be funded via a fully-underwritten $80 million institutional placement and a non-underwritten share purchase for up to $20 million . Initiatives include investment of $95 million over five years to accelerate roll out of improved net technologies .Initiatives include investment of $53 million over 3 years to establish salmon farming operations in okehampton ,oceanic sites in storm bay.  Full Article

Tassal Group joins proceedings instituted by Huon Aquaculture
Tuesday, 21 Feb 2017 11:06pm EST 

Tassal Group Ltd : Taken decision to join proceedings Huon Aquaculture instituted against the industry regulators early Feb . Moving Forward, may have to halve input of Tassal smolt into the harbour to about 1 million .Taken decision to protect its interest as an operator in Macquarie Harbour in each of the proceedings.  Full Article

Tassal says Margate division to supply salmon to Woolworths' supermarkets interstate
Thursday, 2 Jun 2016 07:02pm EDT 

Tassal Group Ltd : Tassal margate to supply woolworths' supermarkets interstate . Tassal's fish processing facility at margate will supply fresh portions,fillets of salmon to woolworths' supermarkets in Queensland,New South Wales .  Full Article

Tassal Group Limited executes agreement to acquire De Costi Seafoods
Tuesday, 30 Jun 2015 06:00pm EDT 

Tassal Group Limited:Says that it has agreed, through its whollyowned subsidiary Tassal Operations Pty Ltd (TOPL), to effectively acquire the De Costi Seafoods Business (Business) pursuant to a Share Sale Agreement executed.Tassal will pay a consideration based on a multiple of about 5x maintainable EBITDA of the Business and comprising two components.An up-front payment of $50 million paid in cash at completion of the proposed acquisition, based on current maintainable EBITDA of $10 million for the Business.A growth based earn-out component payable in new Tassal shares where the earn-out payments will maintain the purchase consideration of about 5x maintainable EBITDA over that period but capped at a maximum of about 10 million new Tassal shares for that entire period.  Full Article

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BRIEF-Tassal Group updates on trading halt

* Trading halt is requested pending to market in relation to outcome of a placement Source text for Eikon: Further company coverage: