Bakkafrost bids for all of the SSC shares

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Friday Afternoon Faroese salmon farmer Bakkafrost announces a mandatory offer for all of the shares  which are not already owned by Bakkafrost.  

The depositary receipts and common shares covered by the offer represent 19.23% of all of the common shares issued by the Scottish Salmon Company (SSC).

Bakkafrost is already the beneficial owner of 80.77% of all the common shares issued by the Company.  The offer price is NOK 28.25, which is the highest price paid by Bakkafrost for the company’s depositary receipts and common shares during the last 6 months.

The offer period commences on 11 November and ends on 9 December, subject to possible extensions of up to two weeks.

Bakkafrost’s financial advisers are DNB and Nordea.