Marine Harvest (OSE:MHG, NYSE: MHG): Update from the Norwegian authority regarding development licenses and the Egg concept
November 28 2016 - 1:15AM
On 10 February 2016 Marine Harvest applied for 14 development
licenses in relation to the concept "the Egg". The Egg represents a
new enclosed technology within salmon farming and has many
advantages to conventional farmed salmon production in regards to
minimize environmental impact and increase value creation. The
Norwegian Directorate of Fisheries has now informed Marine Harvest
that the Egg concept qualifies in general for the development
licenses scheme and that they may award four development licenses
for this project. Marine Harvest is very pleased with the positive
feedback from the Directorate of Fisheries and we are encouraged to
see that the authority shares our view that the Egg concept
represents a new technology which may contribute to move the salmon
industry forward. We will continue to work with the authorities,
and hope they will reach a final conclusion imminently in order for
the project to commence.
To date Marine Harvest has applied for 34 development licenses
for four concepts.
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
Ivan Vindheim, CFO, Mobile: +47 958 71 310Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339
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