Måsøval AS – Complaint regarding exhibition license accepted
Måsøval Lisens AS, a wholly-owned subsidiary of Måsøval AS, filed a complaint on 2 March 2020 to the Ministry of Trade, Industry and Fisheries, against the Fisheries Directorate's rejection on 11 February 2020, of their application for an exhibition license. Today, the Ministry has informed Måsøval Lisens AS that the complaint has been accepted and that a permission can be given for an exhibition license of 780 tons MTB for a period of 10 years from the issuance of the permit document. The Fisheries Directorate will supplement the Ministry's decision by formulating appropriate conditions in light of the Ministry's assessments and conclusions.
It will take time before an exhibition license can potentially be applied, and there will be uncertainty regarding whether it can be used depending on the final conditions from the Fisheries Directorate and other sector authorities, and whether Måsøval Lisens AS can fulfill those.
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About Måsøval AS
Måsøval is an integrated producer of Atlantic salmon with more than 50 years of operational experience. Located in Central Norway in the region west of Trondheim, Måsøval has both significant farming operations at sea and inhouse smolt production. Through its majority ownership in the processing and distribution company Pure Norwegian Seafood AS, Måsøval is processing and exporting high quality Atlantic salmon to a global marketplace.
This stock exchange release contains inside information as defined in the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Securities Trading Act.
The stock exchange release was published by Berit Fossan, Group Controller, on 24 February 2024 at 16:45 (CET).
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