The Scottish Salmon Company PLC (the “Company”), the leading independent producer of Scottish salmon, provides the following update with regard to the review of the various strategic options available to the Company in order to maximise value for its shareholders as announced on 29 April 2019 (the “Review”).
The Review is ongoing and progressing in line with expectations. Among the options being considered within the framework of the Review are several formal, non-binding expressions of interest to purchase part or all of the Company that have been received by the Company via its financial advisor Daiwa Corporate Advisory Limited. As part of this process, the Company will allow selected parties access to non-public information. No assurance can be given that any specific outcome will be proposed or completed as a result of this process.
Whilst it is envisaged that the Review will be concluded by September 2019, the Company does not expect to disclose further information on the development of the Review until the process has been completed or terminated, or if a disclosure is required in order to comply with applicable laws and regulations.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.