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Marine Harvest ASA (MHG.OL)

MHG.OL on Oslo Stock Exchange

199.00NOK
13 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Fish farmer Marine Harvest changes name to Mowi
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Marine Harvest ASA ::REG-MARINE HARVEST CAPITAL MARKETS DAY: LAUNCHES BRAND STRATEGY AND CHANGES NAME TO MOWI.TODAY LAUNCHED A GLOBAL BRAND CALLED MOWI, AND FURTHER TO THIS, IS CHANGING ITS COMPANY NAME TO MOWI.COMPANY WE KNOW AS MARINE HARVEST TODAY WAS ORIGINALLY FOUNDED AS MOWI BY NORWEGIAN AQUACULTURE PIONEERS MORE THAN 50 YEARS AGO.BRANDED PRODUCT LINE - YET TO BE ANNOUNCED - WILL PROVIDE CUSTOMERS ADDED VALUE IN TASTE, CONVENIENCE, NUTRITION AND TRACEABILITY.SAYS MOWI TO HAVE LONG TERM PROJECTS WITH CLEAR TARGETS.SAYS MOWI TARGETS EUR 1 BILLION BRANDED TURNOVER BY 2025.SAYS MOWI BRAND TARGETS EUR 100 MILLION ADDITIONAL EBIT (CASH BREAK EVEN BY 2022).  Full Article

Norway regulator rejects Marine Harvest's 'Beck Cage' application
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Marine Harvest ASA ::NORWAY FISHERIES DIRECTORATE SAYS HAS REJECTED MARINE HARVEST'S APPLICATION FOR 6 DEVELOPMENT LICENSES FOR ITS BECK CAGE CONCEPT.  Full Article

Marine Harvest Says Framar, Sterna Entered Into A Commercial Two-And-A-Half-Year Marine Sector Consultancy Agreement
Sunday, 11 Nov 2018 

Nov 11 (Reuters) - Marine Harvest ASA ::FRAMAR, STERNA ENTERED INTO A COMMERCIAL TWO-AND-A-HALF-YEAR MARINE SECTOR CONSULTANCY AGREEMENT (ADDS DROPPED WORDS).MARINE HARVEST - STERNA AND FRAMAR ENTERED INTO DIVIDEND ADJUSTED OPTION AGREEMENT WHEREBY STERNA GRANTED FRAMAR OPTION TO BUY 750,000 SHARES IN CO.PREMIUM PAID BY FRAMAR FOR OPTION IS NOK 3.75 MILLION.  Full Article

Marine Harvest expects to issue 16 mln new shares for convertible bond loan
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Marine Harvest ASA ::REG-MARINE HARVEST ASA: MHG - EUR 340 MILLION CONVERTIBLE BOND AGREEMENT 2015/2020 ISIN NO 001 0748742- NOTIFICATION OF CALL OPTION.MARINE HARVEST ASA (OSE:MHG): ISSUANCE OF SHARES THROUGH PARTIAL CONVERSION OF BOND AND REGISTRATION OF SHARE CAPITAL INCREASE.MARINE HARVEST HAS NOTIFIED THE TRUSTEE FOR THE CONVERTIBLE BOND, NORDIC TRUSTEE ASA, THAT CLAUSE 11.3 IN THE LOAN AGREEMENT HAS BEEN FULFILLED AS THE MARINE HARVEST SHARE PRICE FOR AT LEAST TWENTY DAYS OUT OF A PERIOD OF THIRTY CONSECUTIVE TRADING DAYS HAS EXCEEDED 130 PER CENT OF THE CURRENT CONVERSION PRICE OF THE BONDS, AND THAT MARINE HARVEST IS EXERCISING ITS RIGHT TO REDEEM THE BOND AT PAR VALUE PLUS ACCRUED INTEREST.THE LOAN AGREEMENT PROVIDES THE BONDHOLDERS THE PERIOD UP TO AND INCLUDING 15 NOVEMBER 2018 TO CONVERT THEIR BONDS INTO SHARES.THE REMAINING OUTSTANDING LOAN AMOUNT IS EUR 212 MILLION AND THE CURRENT CONVERSION PRICE IS EUR 13.2321 PER SHARE. IF BONDHOLDERS DECIDE TO CONVERT ALL REMAINING BONDS INTO SHARES, MARINE HARVEST WILL ISSUE ABOUT 16 MILLION NEW SHARES BASED ON THE CURRENT CONVERSION PRICE.BONDS THAT ARE NOT CONVERTED INTO SHARES WILL BE REDEEMED AT PAR VALUE PLUS ACCRUED INTEREST ON 6 DECEMBER 2018.  Full Article

Marine Harvest Q3 EBIT record high, sees higher 2019 harvesting
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Marine Harvest ASA ::MARINE HARVEST Q3 OPERATIONAL EBIT EUR 207 MILLION VERSUS PRELIMINARY EUR 204 MILLION.BEST Q3 EVER FOR MARINE HARVEST.MARINE HARVEST QUARTERLY DIVIDEND OF NOK 2.60 PER SHARE (REUTERS POLL NOK 2.68).MARINE HARVEST Q3 REVENUE EUR 990 MILLION (REUTERS POLL EUR 989 MILLION).MARINE HARVEST SEES 2018 HARVEST OF 380 000,000 TONNES VERSUS PREVIOUS GUIDANCE OF 380,000 TONNES FROM AUG.ESTIMATED HARVEST VOLUME FOR 2019 IS 430 000 TONNES (REUTERS POLL 425,000 TONNES).IT IS ALSO VERY ENCOURAGING TO SEE GROWTH AND MARGIN ACHIEVEMENTS IN OUR VALUE-ADDED PRODUCTION IN US AND ASIA.SEES 2018 CAPITAL EXPENDITURES OF EUR 295 MILLION (UP FROM EUR 270M).MARINE HARVEST SEES 2018 GLOBAL INDUSTRY SUPPLY GROWTH AT 4-5 PERCENT VERSUS PREVIOUS OUTLOOK OF 5-7 PERCENT.MARINE HARVEST SEES 2019 GLOBAL INDUSTRY SUPPLY GROWTH AT 1-6 PERCENT.MARINE HARVEST SEES Q4 2018 HARVEST OF 110 500 TONNES.STRONG DEMAND GLOBALLY, GROWTH IN CHINA SUPPORTED BY REMOVAL OF EXPORT RESTRICTIONS FROM NORWAY.FAVOURABLE SUPPLY OUTLOOK FOR 2019.HAS SOLD 45 PERCENT OF NORWEGIAN Q4 VOLUMES ON CONTRACTS, 73 PERCENT OF Q4 VOLUMES IN SCOTLAND AND 16 PERCENT OF Q4 VOLUMES IN CHILE.: THE 12-MONTH FORWARD NASDAQ PRICE IS AT EUR 6.8 PER KG, UP FROM EUR 6.4 PER KG IN THE PREVIOUS QUARTER.: BIOLOGY IN NORWAY HAS BEEN CHALLENGING IN RECENT MONTHS, WITH SEA LICE AND CONNECTED DISEASES CAUSING PRODUCTION ISSUES.  Full Article

Marine Harvest appoints Gjerde as new COO of global farming
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Marine Harvest ASA ::ORGANIZATIONAL CHANGE IN MARINE HARVEST'S GROUP MANAGEMENT.MARIT SOLBERG, COO FARMING CANADA, SCOTLAND, IRELAND AND FAROES, HAS DECIDED TO RETIRE.HAS DECIDED TO RETURN TO ITS ORIGINAL MANAGEMENT TEAM STRUCTURE OF HAVING ONE COO FARMING POSITION WITH GLOBAL RESPONSIBILITY.PER-ROAR GJERDE HAS BEEN APPOINTED NEW COO FARMING FOR ALL FARMING OPERATIONS.GJERDE HAS BEEN COO FARMING FOR NORWAY AND CHILE SINCE 1 JANUARY 2017.  Full Article

Marine Harvest converts EUR 71.6 mln loan into new shares
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Marine Harvest ASA ::MARINE HARVEST ASA (OSE:MHG): ISSUANCE OF SHARES THROUGH PARTIAL CONVERSION OF BOND AND REGISTRATION OF SHARE CAPITAL INCREASE.BASED ON CONVERSION NOTICES RECEIVED AND IN ACCORDANCE WITH BOND AGREEMENT, MARINE HARVEST HAS CONVERTED EUR 71.6 MILLION OF OUTSTANDING LOAN OF EUR 340 MILLION CONVERTIBLE BOND ISSUED BY MARINE HARVEST ASA WITH ISIN NO 001 0748742 INTO SHARES AT CONVERSION PRICE OF EUR 13.2321.MARINE HARVEST ASA HAS RESOLVED TO SATISFY REQUEST BY ISSUING 5,411,080 NEW SHARES.  Full Article

Marine Harvest cuts 2018 output forecast, sees favourable 2019 demand outlook
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Marine Harvest ASA ::MARINE HARVEST Q2 OPERATIONAL EBIT EUR 175 MILLION VERSUS PRELIMINARY EUR 175 MILLION.MARINE HARVEST QUARTERLY DIVIDEND OF NOK 2.60 PER SHARE (REUTERS POLL NOK 2.58).MARINE HARVEST Q2 REVENUE EUR 888 MILLION (REUTERS POLL EUR 869 MILLION).MARINE HARVEST SEES 2018 HARVEST OF 380,000 TONNES VERSUS PREVIOUS GUIDANCE OF 400,000 TONNES FROM MAY.MARINE HARVEST SEES 2018 GLOBAL INDUSTRY SUPPLY GROWTH AT 5-7 PERCENT VERSUS PREVIOUS OUTLOOK OF 1-6 PERCENT.MARINE HARVEST SEES 2018 NORWAY HARVEST OF 227,500 TONNES (REUTERS POLL 241,000 TONNES).HARVEST GUIDANCE HAS BEEN REDUCED BECAUSE OF BIOLOGICAL ISSUES IN NORWAY, SCOTLAND AND CANADA.MARINE HARVEST SAYS 2019 SUPPLY OUTLOOK IS FAVOURABLE.MARINE HARVEST SAYS SALMON MARKET GROWTH IN CHINA WILL BE FURTHER SUPPORTED GOING FORWARD AS EXPORT RESTRICTIONS OF SALMON FROM THE NORTHERN COUNTIES OF NORWAY WERE REMOVED IN JULY.MARINE HARVEST SAYS MORE THAN HALF OF THE GLOBAL COST SAVINGS PROGRAM OF EUR 50 MILLION/YEAR HAS SO FAR BEEN ACHIEVED.MARINE HARVEST SAYS COST SAVINGS PROGRAM COUPLED WITH RAMP-UP IN HARVEST VOLUMES IN H2 2018 IS EXPECTED TO REDUCE BLENDED FARMING COSTS COMPARED TO Q2.MARINE HARVEST SAYS KONTALI ANALYSE EXPECTS SUPPLY GROWTH FOR 2018 TO INCREASE BY 6 PERCENT, AND IN 2019 BY 4 PERCENT.  Full Article

Fish farmer Marine Harvest's Q2 core earnings lower y/y
Monday, 16 Jul 2018 

July 16 (Reuters) - Marine Harvest ASA ::HARVESTED 78.500 TONNES IN Q2 VERSUS OWN GUIDANCE OF 82,000 TONNES.MARINE HARVEST Q2 OPERATIONAL EBIT EUR 175 MILLION VERSUS EUR 198 MILLION IN Q2 2017.  Full Article

Two Marine Harvest salmon farms may have disease outbreak -regulator
Friday, 29 Jun 2018 

June 29 (Reuters) - Marine Harvest ASA ::NORWAY'S FOOD SAFETY AUTHORITY SAYS OUTBREAK OF INFECTIOUS SALMON ANAEMIA (ISA) SALMON DISEASE SUSPECTED AT MARINE HARVEST'S BREIVIKA AND BREIVIKA S FACILITIES IN NORTHERN NORWAY.  Full Article

Marine Harvest changes name, sees first 'Mowi' salmon in shops in early 2019

OSLO, Nov 13 Norway's Marine Harvest, the world's biggest fish farmer, will change its name to Mowi and also use the name for its premium salmon brand, the company said in a strategy update on Tuesday.