Marine Harvest trims conversion prices of bonds after dividend payout

By Susanna Moon

Chicago, May 20 – Marine Harvest ASA said it lowered the conversion prices of two series of its convertible bonds due to dividend payouts.

The conversion price of the company’s €340 million 0.125% convertible bonds due 2020 was reduced to €15.7020, and the conversion price of its €375 million 0.875% convertible bonds due 2019 was adjusted to €9.9226, effective Friday, according to two separate company notices.

The adjustments were the result of a dividend of NOK 1.70 per share on Friday.

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

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