Regulatory Filings • Jan 28, 2014
Regulatory Filings
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Marine Harvest listed at New York Stock Exchange
Marine Harvest rang the opening bell at the New York Stock Exchange today,
marking the beginning of a new era for the salmon farming industry.
- This is a big day for Marine Harvest and the salmon farming industry, says
Alf-Helge Aarskog, CEO of Marine Harvest. Together with Chairman Ole Eirik Lerøy
he had the honor of ringing the opening bell at the NYSE today.
Marine Harvest, the world's leading seafood company, is the first aquaculture
company to be listed at the NYSE. The company controls about 22 % of the global
production of farmed Atlantic salmon, the most industrialized and commercially
developed aquaculture specie.
- According to the UN, the world must increase its food production by 70 percent
by 2050. As much as 70 percent of the globe is covered by water. Yet, only six
percent of the world's protein supply is sourced from the oceans today. The
potential is enormous, says Aarskog.
Leading the blue revolution
Marine Harvest has chosen "Leading the blue revolution" as its vision. The
company wants to be a leader in cultivating and growing food from the ocean.
- Our vision is to be "leading the blue revolution" - something similar to what
happened 5,000 years ago with the agriculture revolution when people move from
hunting and fishing to agriculture. We want to elevate aquaculture to be
comparable to agriculture and beyond, Aarskog adds.
Number of advantages
Marine Harvest is the first vertically integrated aquaculture company to be
listed on the New York Stock Exchange. Aarskog sees a number of advantages of
being listed at the NYSE.
- The listing gives us exposure to a larger part of the US investment community,
including those who are not mandated to invest in Norway. Marine Harvest should
also benefit from being aligned to the land based protein companies listed in
the US. These companies are generally larger than Marine Harvest, but we have
some superior attributes in terms of margins and growth prospects which should
be attractive to investors, says Aarskog.
- This gives us access to a wider portion of the US investor base. It will also
be beneficiary to have a currency that can be applied in future consolidation of
the industry. We have a good starting point with a market cap of about USD 5bn
and ownership of about 22 % of the global production of farmed Atlantic salmon,
Aarskog adds.
About Marine Harvest:
Marine Harvest is present in 22 countries, has a total of 10 400 employees
worldwide and a market capitalization of approximately USD 5 billion. The
company is headquartered in Norway, and is listed on the Oslo Stock Exchange.
www.marineharvest.com
For press enquiries, contact:
Ola Helge Hjetland, communication manager Marine Harvest
+47 970 67 932, [email protected]
Forward-looking Statements
This press release may be deemed to include forward-looking statements, such as
statements that relate to Marine Harvest's position in the seafood industry, the
expected increase in world's food production, the future of the aquaculture
industry and its growth potential, potential benefits to Marine Harvest from
alignment with land based protein companies listed in the US, Marine Harvest's
competitive advantages compared to land based protein companies listed in the US
and Marine Harvest's ability to access US investors. Forward-looking statements
are typically identified by words or phrases, such as "about", "believe,"
"expect," "plan," "goal," "target," "strategy," and similar expressions or
future or conditional verbs such as "may," "will," "should," "would," and
"could." Forward-looking statements are Marine Harvest's current estimates or
expectations of future events or future results. Actual results could differ
materially from those indicated by these statements because the realization of
those results is subject to many risks and uncertainties. Marine Harvest ASA's
registration statement on Form 20-F filed in 2013, including the section
captioned "Risk Factors," contains additional information about factors that
could affect actual results, including: economic and market risks; environmental
risks; operational risks; product risks; risks related to our acquisitions;
financing risks; regulation risks including relating to food safety, the
aquaculture industry, processing, competition and anti-corruption; trade
restriction risks; strategic and competitive risks; and reputation risks. All
forward-looking statements included in this press release are based on
information available at the time of the release, and Marine Harvest assumes no
obligation to update any forward-looking statement.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1757450]
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