October 25, 2012
Morpol announces merger plans with Marine Farms
The plan for a merger between Morpol and its subsidiary Marine Farms has been announced on September 18, 2012 and the merger plan was sent to all of Morpol's shareholders and published on its website.
The board of directors of Morpol and Marine Farms resolved Saturday October 20, 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.
