Prfoods

The agenda of the General Meeting was as follows :, prfoods. 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 Prfoods Regulatory Authority under the decision no.

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.

John Ross Jr. Gross profit.

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.

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.

Prfoods

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The VAT calculated on the sales price of the superficies licence shall be paid by Debt to total assets. Diluted profit -loss per share EUR. Interest-bearing liabilities. Intangible assets. Operating profit -loss. Published: CET. Owners of the Parent Company. Documents September. The detailed terms and conditions of the transactions and the effects thereof on PRFoods have been explained in the stock exchange announcement dated However, we do not expect significant revenue growth for John Ross Jr. 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. John Ross Jr. Registration of the participants of the General Meeting will start at the venue at and will end at 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.

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.

This was influenced by one-time financial costs totaling 0,5 million euros, of which 0,3 million euros are related to the one-time non cash loss from the sale of Redstorm. The net loss for the second quarter was 0,7 million euros, compared to a net loss of 0,1 million euros in the same period last year. Retained profit -loss. Working capital. PRFoods If and when a general meeting is held, the issuer shall provide the rest of the documents required by exchange rules when dispatching the notice convening the meeting. However, it should be noted that due to the economic downturn in Estonia and general consumer behavior, demand for fish products in Estonia has significantly decreased overall. Questions regarding the agenda can be sent by email to investor prfoods. The sale of Redstorm and the fish farming license resulted in a one-time loss for the Group totalling 0,3 million euros, while the transaction's impact, excluding goodwill, resulted in a one-time profit of 1,9 million euros. Russell 2, Foreign currency translation differences. Share capital.