Marine Harvest adjusts conversion price of two convertible bond series

By Toni Weeks

San Luis Obispo, Calif., Nov. 18 - Marine Harvest ASA said it adjusted the conversion price of two series of convertible bonds after paying out a NOK 0.075 dividend to shareholders on Friday.

The conversion price is now €0.9908 for its €350 million convertibles and €0.6319 for its €225 million convertibles, according to a company press release.

The adjustment also incorporates the effect of a NOK 0.05 per share dividend that was resolved in an extraordinary general meeting on Sept. 16.

Marine Harvest is an Oslo-based seafood and salmon-farming company.

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