Oslo Bors Stock Exchange. (Photo: Valugi/CC BY-SA 3.0)

Marine Harvest intends to delist from New York Stock Exchange

Marine Harvest ASA's Board of Directors has decided to withdraw the company from the New York Stock Exchange (NYSE) and continue trading on the Oslo Stock Exchange, Norway.

The decision was based on the fact that only 3 per cent of the total volume of the salmon production was traded in the United States during the last 12 months, while the maintenance costs of the listing and registration on the NYSE have been significant.

"The delisting and deregistration will enable us to simplify financial reporting processes, while maintaining the same high-quality International Financial Reporting Standards (IFRS) compliant financial reporting and disclosures," Marine Harvest Chief Financial Officer Ivan Vindheim said.

According to the executive, the corporate governance will not be affected, and important governance bodies such as the Board Audit Committee will remain, in addition to an adequate level of internal controls. 

The intention of the Norway-based company is to remain subject to the rules of the Oslo Stock Exchange and other Norwegian and European Union financial market regulations. 

Marine Harvest intends to start the NYSE exit process as soon as possible.

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Address:	Stortingsgaten 8
City:	Oslo
State/ZIP:	(N-0161)
Country:	Norway
Phone:	+47 21 56 20 00
Fax:	+47 21 56 20 01
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