Marine Harvest cuts conversion prices of bonds after dividend payout

By Susanna Moon

Chicago, Aug. 26 – Marine Harvest ASA again lowered the conversion prices of two series of its convertible bonds due to dividend payouts, according to two separate 6-K filings with the Securities and Exchange Commission.

The conversion price of the company’s €340 million 0.125% convertible bonds due 2020 was reduced to €15.3172.

For the company’s €375 million 0.875% convertible bonds due 2019, the conversion price was adjusted to €9.6795.

The adjustments were the result of a dividend of NOK 3.20 per share on Friday.

Marine Harvest ASA said on May 20 that it lowered the conversion prices to €15.7020 for the 0.125% convertibles and to €9.9226 for the 0.875% convertibles.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.