Benchmark Holdings PLC Acquisition of remaining minority interest
February 17 2023 - 2:00AM
RNS Non-Regulatory
TIDMBMK
Benchmark Holdings PLC
17 February 2023
RNS Reach
17 February 2023
Benchmark Holdings plc
("Benchmark", the Group, or the "Company")
Acquisition of remaining minority interest in Benchmark Genetics
Iceland
Benchmark Holdings, the aquaculture biotechnology company,
announces that it has acquired the remaining 10.52% minority
interest in its subsidiary Benchmark Genetics Iceland. Enhanced by
the recent construction of a new incubation centre, Benchmark
Genetics Iceland is core to the Company's ability to supply highly
specialist, biosecure salmon eggs to salmon producers to c.35
countries around the world, year-round. Benchmark Genetics Iceland
represents 50% of the Group's salmon egg capacity.
Background
In December 2014 Benchmark acquired a 89.48% interest in
Stofnfiskur, subsequently rebranding it Benchmark Genetics Iceland
and merging it with its salmon genetics business in Norway. Since
the acquisition, the business has grown substantially, benefitting
from Benchmark's leading market position, investment and knowledge
transfer within the Group.
Trond Williksen commented:
"Benchmark's genetics operations in Iceland have a 200m egg
capacity and are core to our ability to supply highly biosecure
salmon eggs year round to customers around the world. The
acquisition of the remaining minority interest is a natural step in
delivering shareholder value through full ownership of the success
of our genetics business."
Rabobank acted as financial adviser to Benchmark in the
transaction.
Enquiries
For further information, please contact:
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 Tel: 020 3128 8004
Katie Hunt, Reg Hoare, Veronica Farah benchmark@mhpgroup.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 serves major aquaculture
species - salmon, shrimp, sea bass and bream and tilapia - in main
aquaculture regions around the world. Find out more at
www.benchmarkplc.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRATFMBTMTBBTRJ
(END) Dow Jones Newswires
February 17, 2023 02:00 ET (07:00 GMT)
Benchmark (LSE:BMK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Benchmark (LSE:BMK)
Historical Stock Chart
From Jul 2023 to Jul 2024