IN BRIEF - Marine Harvest ASA: EUR 375 million Convertible Bond Agreement 2014/2019 ISIN NO 001 0710395 - Conversion of bonds
Saturday, May 20, 2017
Reference is made to the stock exchange release issued on 11 May 2017, where Marine Harvest announced that bondholders representing an aggregate principal loan amount of EUR 353,900,000 under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) had elected to convert their bonds into shares.
The conversion has now been completed and Marine Harvest's share capital has been increased by NOK 284,004,285 through the issuance of 37,867,238 new shares. The share capital increase was registered in the Norwegian Register of Business Enterprises on 19 May 2017 and following such registration Marine Harvest ASA has a share capital of NOK 3,676,258,327.50 divided into 490,167,777 shares each with a par value of NOK 7.50.
Following the conversion, the entire outstanding principal amount under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) has been converted to equity.
Tides that left fish high and dry hundreds of millions of years ago could have kick-started the evolution of land-walking vertebrates.
New calculations suggest that, around 400 million years ago, many coastlines experienced two-week tidal cycles that varied in height by four metres or more. Such a huge range could have stranded fish in tidal pools for a couple of weeks. Only the ones with fins strong enough to muscle themselves out would have been able to journey back into the ocean and survive. Fossil evidence for the earliest known land vertebrates comes from places that had such wide tidal ranges.
Hannah Byrne, who led the work while at Bangor University, UK, and is now a doctoral student at Uppsala University in Sweden, reported the findings on 15 February 2018 at the Ocean Sciences meeting in Portland, Oregon.
DFO clewed up a series of 20 outreach meetings this week that began in November and went around the province.
Ryan Cleary, president of FISH-NL (Federation of Independent Sea Harvesters of Newfoundland and Labrador), said in a release Friday that the most common issue during the meetings held around the province by the federal Department of Fisheries and Oceans is that the FFAW-Unifor is no longer the voice of inshore harvesters.
“That sentiment was expressed at every single meeting — without exception — and with union representatives front and centre in the room,” Cleary stated. “The FFAW-Unifor no longer speaks for most harvesters, and that message should be loud, clear, and obvious to the entire fishing industry, including federal Minister Dominic LeBlanc.”
FISH-NL estimates the turnout for all meetings at just under 520 harvesters, which the release said is low considering their total number is estimated at between 4,500 and 10,200. The province’s Labour Relations Board still working to confirm the numbers.
A New Zealand sea lion drowning this week in a squid fishing net in the Auckland Islands highlights the need to urgently address questions about the effectiveness of Sea Lion Exclusion Devices (SLEDs).
WWF-New Zealand CEO Livia Esterhazy says "We understand that accidents happen, but for NZ sea lions to recover, we need the government to work to reduce the number of sea lions accidentally killed in fishing nets to something very close to zero.
"NZ sea lions are the world’s rarest sea lion. Fishing nets are the biggest human-made threat to these precious animals, so it’s important that we take a precautionary approach to fishing in their habitat.
KOLLAM - An indefinite strike kicked off on Thursday 15th of February 2018 by the mechanised fishing boat operators has brought the mechanised fishing sector in the state to a complete standstill.
The strike, under the banner of All Kerala Fishing Boat Operators Association, is estimated to have caused huge losses in foreign exchange earnings through seafood exports. Also, state and central governments will suffer a daily revenue loss of about INR 3 crore each, collected as goods and service tax (GST) and excise duty on diesel used by the boats. That is based on the calculation that each fishing boat on an average required more than 500 litres of diesel per day. There are close to 4,000 mechanised fishing boats based in Kerala.
A fishing company director says failure to report the deaths of seabirds and non-quota fish species is "commonplace" within the industry.
The statements, contained in an Employment Relation Authority (ERA) determination, have come to light two days after Fisheries Minister Stuart Nash said scrapping the rollout of on-board monitoring cameras may be a possibility.
Andrew Robson, who runs Impulse Fishing Co. Ltd., operating from Neils Beach in South Westland, also admitted failing to report approximately 20 accidental seabird deaths per year between July 2011 and August 2014.
As a precaution, Young’s Seafood are recalling packs of its Young’s Chip Shop Fish Cakes 6 Pack that have been manufactured from a batch where a small number of the fish cakes were found to have been contaminated with small pieces of hard plastic and potentially small pieces of metal. The ONLY affected Fish Cakes are those with the production codes AAL 7209K, AAL 7209L, AAK 7222J & AAL 7222K. The Best Before Date may be found on the side of the pack. Packs have been on sale at Farmfoods and Heron Foods. Customers are advised not to consume the product.
For details of how to return the product for a full refund please call the Young’s Seafood care line on: 0800 496 8647 or email.
The recall does not affect any other Young’s Seafood products.
New Zealand King Salmon says it will continue to push for more salmon farms in the Marlborough Sounds to be moved, following a report by an independent panel recommending to the government that three of the six farms be relocated.
The independent panel released the report to the previous National government in July 2017, following public hearings in April and May that year.
Fisheries Minister Stuart Nash said that he is "some months" from making a decision, and released the report to enable the people and groups who made submissions to study it while he considers the next steps.
SAN ANTONIO - This time of year is absolutely crucial for the seafood industry, but at San Antonio's Groomer's Seafood, they've been on a roll since Super Bowl Sunday.
Between Fat Tuesday, Valentine's Day, Ash Wednesday and Lenten Fridays, seafood is in high demand, and Groomer's is diving right in.
They've been a San Antonio favorite since '83, but fishing has been in the family business for a long time.
"It started down in South Texas. We were the original commercial fishermen down in that part of the world, and we've been doing it since probably the start of the century we've been doing it," said Richard Groomer.
Scientists in the Northwest have detected a species of shrimp much farther north than it’s ever been found before. Researchers at Oregon State University haven’t actually seen the snapping shrimp, instead, they heard them off the Oregon Coast.
Oregon State University scientist Joe Haxel recorded hours of underwater sound, tracking whales and boat noise.
“We brought the data back and started looking through it, and we found an area where there wasn’t a lot of boat traffic and we knew there wasn’t a lot of weather, we had this really loud signal happening,” he said.
Haxel heard a sound that can be described as similar to rain falling on Pop Rocks. There’s a popping static created by thousands of shrimp claws pushing out jets of water at extremely high speed. The speed and disturbance create a tiny bubble that immediately collapses, creating a noise so loud and strong it can to stun prey a few inches away.