Prfoods

The agenda of the General Meeting was as follows :, prfoods. Sale by Saaremere Kala AS of prfoods superficies license with the purpose of constructing prfoods fish farming facilities at open sea issued by the Consumer Protection and Technical Regulatory Authority under the decision no.

Name: AS PRFoods Core business: A holding company for a group of consolidated subsidiaries engaged in the production and sales of fish products in the Finland and Estonia and 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. The Group's distribution network in Finland and Estonia ensures that customers receive fast and high quality deliveries. The Group is among the leaders of the fishing industry in the Finland retail market with its own trademarks and with private label products and also in the HoReCa sector. Offering and Listing Prospectus en, 10 MB. Prospectus Supplement en, KB.

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 supervisory board of PRFoods has approved the transactions upon the conclusion prfoods. FTSE 7, Income tax.

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.

The most difficult year in group history is over. We were attacked from three fronts: from one side the corona crisis caused a situation, where demand for fish products and raw material prices were dropping drastically. This led to decrease in gross margin and revenue. Secondly, we were entering into the crisis with high financial leverage due to recent acquisitions of companies and banks demanded aggressively us to reduce loan portfolio. Dealing with all three crisis at the same time was increasing group loss — we were forced to make decisions, which would not normally have been done. Net loss 5. EBITDA was significantly impacted: raw material prices increased abruptly when corona restrictions were loosened, but at the same time Finnish market sales prices were agreed during winter, when prices were lower.

Prfoods

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.

Destiny 2 wish wall

Government grants. As PRFoods explained in the stock exchange announcement dated The decline in EBITDA compared to the previous year is due to higher sales and marketing expenses at the John Ross Jr unit and seasonally higher inventory purchases of fish for subsequent quarters. Total non-current liabilities. Non-controlling interests. Redstorm goodwill is keur and the EUR , balance sheet value of the superficies licence. Total current liabilities. Number of Votes. When registering, please provide: Natural person shareholders - an identification document. Therefore, no preference of the interests of any shareholder over those of any other shareholders is taking place in the context of the transactions entered into by Saaremere Kala discussed above. Saare Kala Tootmine aims to end the second half-year with marginal profit, due to the return to the Finnish market since the beginning of the year. This news release was distributed by Company News System, nasdaqbaltic. Biological assets. Fair value adjustment on biological assets.

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.

Prospectus summary in Estonian et, 6 MB. PRFoods hereby notes that the supervisory board has approved the terms and conditions of the transaction as suitable and, as noted above, no shareholder of PRFoods is or has been a counterparty to the transaction or otherwise related to the transaction. 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. Merger report en, 1 MB. EBITDA from operations for the first half-year was -0,2 million euros, influenced by the significant loss in Estonia in the first quarter. Background Under a stock exchange announcement dated Gross profit. The purpose of the transactions is to concentrate on fish processing and reduce overall debt level. Fair value adjustment on biological assets. Gold 2, Diluted profit -loss per share EUR.