The Scottish Salmon Company to transfer its listing from Oslo Axess to Oslo Bors
The Board of the Oslo Bors resolved to admit shares in The Scottish Salmon Company Limited to listing on Oslo Bors. The company's shares have been listed on Oslo Axess since 8 July 2010 as a continuation of the formerly-listed company Lighthouse Caledonia ASA.
The Board of the Oslo Bors approved an exemption from the requirement for the company to have been in existence for at least three years, cf. Section 2.3.1 and Section 2.3.2 of the Listing Rules. The exemption was granted since the business has been in existence for the required time, but has operated through a different legal entity.
The Board of the Oslo Bors stipulated that, prior to the first day of listing, the company must publish an approved summary of its prospectus as required by Section 7-2 of the Securities Trading Regulations.
The Board of the Oslo Bors authorised the Chief Executive Officer of Oslo Bors to fix the date of the first day of listing on Oslo Bors, which is to be no later than 10 June 2011.
The Company plan for the first day of listing to be Friday 29th April 2011, further information will follow.
About The Scottish Salmon Company
The Scottish Salmon Company is a leading producer of Scottish salmon, providing superior salmon to both the local and international markets. The Scottish based and operated company is a fully-integrated seafood company, built around the nutritional quality, sustainability and the provenance of its salmon product. It is engaged in all stages of the value chain from smolt production to harvesting, processing and sales. Operating from over 40 sites on the Hebrides and West Coast of Scotland, from the Isle of Lewis in the north to Arran in the south, the company employs over 350 staff. The Scottish Salmon Company currently produces over 20,000 tonnes of Scottish salmon annually, 20% of Scottish production. The Scottish Salmon Company, formerly Lighthouse Caledonia, was launched following a major restructuring to create a corporate entity which best suits the company's future strategy for stability and growth.
Further details: su.cox@sccottishsalmon.com