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HomeNewsBenchmark acquire additional shares in Stofnfiskur HF

10 December 2014

Benchmark acquire additional shares in Stofnfiskur HF

Benchmark is now pleased to announce that it has entered into additional Stofnfiskur Transfer Agreements to acquire a further 7.61 per cent. of the shares in Stofnfiskur.

Further to the announcement of the proposed Placing and Acquisitions made on 24 November 2014, Benchmark is now pleased to announce that it has entered into additional Stofnfiskur Transfer Agreements to acquire a further 7.61 per cent. of the shares in Stofnfiskur with the result that, on completion of the Stofnfiskur Acquisition, Benchmark will hold 89.45 per cent. of the issued share capital of Stofnfiskur. Accordingly, the aggregate initial consideration for the acquisition of Stofnfiskur is now approximately £21.8m, and the maximum aggregate payment under the Stofnfiskur Earn-Out is approximately £9.0m.