Norway Royal Salmon (NRS) has now been struck off as a company and the last day of its shares trading in on Oslo Børs was today. This comes after, SalMar completed its acquisition of Norway Royal Salmon on Monday, resulting in the latter’s delisting and dissolution.
Therefore, Norway Royal Salmon shareholders will get 0.303933 SalMar shares and 52.84 kroner ($5.16) in cash for each NRS share. Delivery of the merger consideration will occur on Nov. 11.
Besides, Arctic Securities acted as financial adviser and receiving agent to SalMar, with Advokatfirmaet BAHR as legal adviser. SalMar shares were down over 1% on Monday’s close.
Any trade in the merger consideration shares before such delivery must be carried out in compliance with applicable short sale and other regulations.
Carnegie AS acts as financial advisor and Wikborg Rein Advokatfirma AS acts as legal advisor to NRS.
SalMar is one of the world’s largest producers of farmed salmon. Its farming activity is developed along the coast of Norway. From Møre og Romsdal in the south to Troms of Finnmark in the north. InnovaMar, its main facility is co-located with the main office on Frøya in Trøndelag.
The company aims to safeguard the seas while maximizing the production at the terms of salmon. This includes contributing to the development of new technology. So, that we can continue to reduce the biological footprint of its production.