OSLO (Thomson Financial) - Marine Harvest said it has decided to reduce the
size of its proposed dividend payment to shareholders due to the falling value
of its Scottish Lighthouse Caledonia division.
Shareholders in the Norwegian fish farmer will now receive a dividend
equivalent to 0.095 nkr per share, down from the 0.125 nkr figure originally
announced earlier this year.
"The reason for the proposed reduction is that...the fair market value of
the shares in Lighthouse Caledonia ASA as of today is 9.5 crowns per share, as
opposed to the original valuation of 12.50 per share," Marine Harvest said.
The ex-dividend date for the proposed dividend has been set for 30 November.
alastair.reed@thomson.com
ar/lht
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|