Resolution of parent-subsidiary merger between Morpol ASA and Marine Farms AS

October 22, 2012 10:51

Reference is made to Morpol ASA's (Morpol) stock exchange announcement dated 18 September 2012 regarding the merger plan for a merger between Morpol and its subsidiary Marine Farms AS (Marine Farms) and the merger plan which was sent to all of Morpol's shareholders and published on Morpol's website.

The board of directors of Morpol and Marine Farms resolved Saturday 20 October 2012 to approve the merger.

Marine Farms is currently 100% owned by Morpol. The merger is resolved carried out as a parent-subsidiary merger without consideration, in accordance with the Norwegian Public Limited Companies Act section 13-24.

The merger is expected implemented mid to late December 2012, upon expiry of the two month's creditor notice period following registration of the respective boards' decision to carry out the merger with the Norwegian Register for Business Enterprises.

What is MEGAFISHNET.COM? is a global fish and seafood marketplace with an emphasis on APPROVED SUPPLIERS from such major sources as China, Russia, Vietnam, Europe, Americas, etc. More details →