Prfoods

Name: AS PRFoods Core business: A holding company for a group of consolidated subsidiaries engaged in the production prfoods sales of fish products in the Finland and Estonia prfoods fish farming in Sweden and Finland. Date of establishment: The indisputable competitive advantage of the Group is its vertical integration — fish farming, production and sales, prfoods.

Registration of the participants of the General Meeting will start at the venue at and will end at The list of shareholders entitled to vote at the Extraordinary General Meeting of Shareholders shall be fixed seven days before the meeting, i. Prior to the Extraordinary General Meeting of Shareholders, a shareholder may notify AS PRFoods of the appointment of a representative or the revocation of the power of attorney by sending a digitally signed notice to the e-mail address investor prfoods. The shareholder may use the power of attorney form and the form for revocation of power of attorney that are available on the website of AS PRFoods www. To approve the sale by Saaremere Kala AS registry code: of the superficies license with the purpose of constructing aquacultural fish farming facilities at open sea issued by the Consumer Protection and Technical Regulatory Authority under the decision no. Under a stock exchange announcement dated The negotiations for the transactions referred to above were commenced by Saaremere Kala in a situation where Buyer I and Buyer II constituted third-party counterparties having no connection whatsoever with PRFoods, Saaremere Kala or any other subsidiaries of PRFoods.

Prfoods

The purpose of the licence held by Saaremere Kala AS is to encumber a public water body for the purpose of constructing aquacultural facilities for fish farming at sea. Saaremere Kala AS concluded a sales contract on Transaction between related parties; interests of the management and related parties. The transfer of the sold superficies licence requires an administrative act by the Consumer Protection and Technical Regulatory Authority by which the holder of the superficies licence is replaced. The precondition for obtaining the said administrative act is a relevant application to be submitted by Saaremere Kala AS to the Consumer Protection and Technical Regulatory Authority, which is in turn subject to the following preconditions:. By mutual agreement of the parties of the sales contract, the superficies licence shall be deemed transferred after the seller has received the first instalment of the sales price and the VAT. According to the sales contract, the price of the superficies licence is EUR 2,, exclusive of VAT , of which EUR 2,, plus VAT for the whole transaction shall be paid after the administrative act replacing the holder of the superficies licence is issued, EUR , is payable by The VAT calculated on the sales price of the superficies licence shall be paid by The purpose of the transactions is to concentrate on fish processing and reduce overall debt level. Redstorm goodwill is keur and the EUR , balance sheet value of the superficies licence. The initial exceptional income from the transaction is EUR , eurot consolidated, incl goodwill writeoff for the entire segment.

Equity prfoods. However, as explained by PRFoods in the stock exchange announcement dated

The agenda of the General Meeting was as follows :. Sale by Saaremere Kala AS of the superficies license with the purpose of constructing aquacultural fish farming facilities at open sea issued by the Consumer Protection and Technical Regulatory Authority under the decision no. To approve the sale by Saaremere Kala AS registry code: of the superficies license with the purpose of constructing aquacultural fish farming facilities at open sea issued by the Consumer Protection and Technical Regulatory Authority under the decision no. English Estonian. Published: CET.

On Vattudalens Fisk AB is a Swedish company that has been farming rainbow trout for over 10 years. The transaction is subject to the approval of the shareholders of AS PRFoods and the shareholders voting for this will be carried out without convening a meeting. PRFoods will now focus on fish farming in Estonia with the aim of becoming the largest fish farmer in the region. The rationale of the transaction is to exit Swedish business. The proceeds will reduce the debt of PRFoods and increase equity for investments in fish farming in Estonia, which should in the future be larger than its fish farming in Sweden today. The final sale price may change during a later adjustment for details on the adjustment of the sale price, please refer to section "Sales price and payment terms, difference between acquisition and transfer price" below. The extraordinary profit from sale of the business is EUR 4,, Commentary to PRFoods unaudited consolidated interim report: the difference in net loss is derived from reporting of goodwill.

Prfoods

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Total non-current assets. EBITDA from operations for the first half-year was -0,2 million euros, influenced by the significant loss in Estonia in the first quarter. English Estonian. Nasdaq 16, Read full article. To approve the sale by Saaremere Kala AS registry code: of the superficies license with the purpose of constructing aquacultural fish farming facilities at open sea issued by the Consumer Protection and Technical Regulatory Authority under the decision no. Unconsolidted net effect is 1. Net profit -loss for the period. We predict that the consumption downturn will continue in Estonia and Finland in Additionally, PRFoods does not consider such requirement of the Rules to be in complete conformity with the requirements of the Securities Market Act. First half-year of PRFoods has ended. EUR ' To approve the sale by Saaremere Kala AS registry code: of the superficies license with the purpose of constructing aquacultural fish farming facilities at open sea issued by the Consumer Protection and Technical Regulatory Authority under the decision no. PRFoods considers the transactions discussed above and the execution thereof to be in the interests of the issuer, among others, enabling it to fulfil its financial obligations.

The persistently loss-making Finnish unit, Heimon Kala Oy, was disposed of. In addition, Saaremere Kala AS has applied for fish farming licences in Saaremaa and Hiiumaa, and once these licences have been granted, a new company will be established for their use. The remaining debt obligations are related to two loans from the Rural Development Foundation Maaelu Edendamise Sihtasutus and bonds.

Nasdaq 16, Net margin. The Group's distribution network in Finland and Estonia ensures that customers receive fast and high quality deliveries. Nevertheless, obtaining of such opinion in the timeframe for the completion of the transaction for the sale of the Superficies Licence has not proved practically possible. Net profit -loss for the period. This news release was distributed by Company News System, nasdaqbaltic. The General Meeting adopted the following resolutions: 1. CMC Crypto Merger report et, 1 MB. Gold 2,