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Craig Anderson has accepted Bakkafrost's mandatory offer for his stake in SSC plc.
Craig Anderson has accepted Bakkafrost's mandatory offer for his stake in SSC plc.

Scottish Salmon Company chief executive Craig Anderson has agreed to sell his shares in its Jersey-based holding company, The Scottish Salmon Company plc, to majority owner Bakkafrost.

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The Faroese salmon farmer bought 68.6% of SSC from former majority shareholder Northern Link earlier this year. It has since been buying shares from other stakeholders and made a mandatory offer for the remaining shares after passing the trigger point of 80% ownership.

Anderson owns 456,086 shares, which at the mandatory offer price of NOK 28.25 per share will earn him NOK 12,888,429 (approximately £1.087 million).

Board members

SSC plc board members Merete Myhrstad and Douglas Low have also accepted Bakkafrost’s offer, selling 65,000 and 40,000 shares respectively.

Scottish Salmon Company sales director Su Cox has also agreed to sell her stake of 20,555 shares.

Meanwhile, Bakkafrost has completed an over-subscribed offer of new shares to help fund its purchase of SSC and its plans to develop the company.

Bakkafrost received subscriptions for a total of 1,865,055 new shares for the offering of 869,756, of which 674,497 were allocated based on subscriptions rights, and the remaining portion to subscribers who over-subscribed.

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