Benchmark Holdings PLC Conversion of loan into green loan
June 01 2022 - 2:02AM
RNS Non-Regulatory
TIDMBMK
Benchmark Holdings PLC
01 June 2022
RNS Reach
1 June 2022
Benchmark Holdings plc
("Benchmark", the "Company" or the "Group")
Conversion of existing loan into a green loan
evidencing the Company's ESG commitment
Benchmark (LSE: BMK), the aquaculture biotechnology company, is
pleased to announce that it has successfully converted its existing
NOK 190m (GBP16m) loan with Nordea Bank related to its Genetics
salmon egg facility in Salten, Norway into a green loan. The new
green loan remains as ring-fenced debt without recourse to the
remainder of the Benchmark Group and has a marginally lower
interest rate.
The conversion of the loan into a green loan required the
Company to meet key ESG criteria, including water management and
the use of sustainable raw materials from deforestation-free
sources. Benchmark's state-of-the-art, land-based production
facility in Salten, Norway is designed for high biosecurity and
high environmental standards. Access to salmon eggs with specialist
genetic traits is a crucial first step in the value chain to
produce sustainably grown salmon.
Trond Williksen, CEO, commented:
"The conversion of our existing loan with Nordea into a green
financing facility is a testament to Benchmark's commitment to ESG
and sustainability, as well as to the successful development of our
salmon genetics infrastructure and practices. We will continue to
utilise green finance where appropriate whilst furthering our ESG
and sustainability aims.
Benchmark's commitment to sustainability is further underpinned
by our Net Zero targets and the work underway to improve our energy
efficiency and access to renewable energy sources."
A copy of the Group's Sustainability Report can be found here
https://www.benchmarkplc.com/sustainability/esg-download-centre/
Enquiries:
Benchmark Holdings plc Tel: 020 3696 0630
Trond Williksen, CEO
Septima Maguire, CFO
Ivonne Cantu, Investor Relations
Numis (Broker and NOMAD) Tel: 020 7260 1000
James Black / Freddie Barnfield / Duncan
Monteith
MHP
Katie Hunt/Charlie Protheroe/Fergal Bettridge-Boyd Tel: 020 3128 8990
benchmark@mhpc.com
About Benchmark
Benchmark is a market leading aquaculture biotechnology company.
Benchmark's mission is to drive sustainability in aquaculture by
delivering products and solutions in genetics, advanced nutrition
and health which improve yield, growth and animal health and
welfare.
Through a global footprint in 26 countries and a broad portfolio
of products and solutions, Benchmark addresses the major
aquaculture species - salmon, shrimp, sea bass and bream, and
tilapia, in all the aquaculture regions around the world. Find out
more at www.benchmarkplc.com
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