Stock exchange filings
Protocol EGM 21122009 | Company news | 2009-12-28 09:18:53 |
Attached is the Protocol from Extraordinary General Meeting 21122009 | ||
| Protokoll EMG 211209.pdf | ||
Extraordinary General Meeting 21.12.09
Attached you can find the agenda for the meeting.
EGM (norwegian)
CEO
Jan Fossberg
Q3 Report
Attached you can find Villa Organic Q3 report and Q3 Accounting, released 06.11.2009
CEO
Jan Fossberg
Endring av aksje: Villa Organic AS (VILS) | Corporate actions | 2009-09-02 13:53:55 |
Det er foretatt endringer i Villa Organic AS (ISIN:NO0010342900, ticker VILS). Aksjebeholdningen er øket fra 10 496 520 til 70 496 520. | ||
Result of repair offering and secondary sale | Company news | 2009-09-02 08:50:35 |
The Board of Directors of Villa Organic has after closing of the subscription period Moday 4.30pm CET decided allocation of shares according to the principles from the subscription material. | ||
Resultat av emisjon og nedsalg | Company news | 2009-09-02 08:40:24 |
Styret i Villa Organic har etter at tilbudsperioden stengte på mandag kl 16:30 vedtatt allokering i henhold til de prinsipper som fremgår av tegningsmaterialet. Emisjonen på NOK 20m aksjer ble fulltegnet. I tillegg er det allokert 25,777,251 aksjer i et nedsalg fra Akvainvest som medfører at aksjonærer som har tegnet får opprettholde sin pro-rata eierandel som før den rettede emisjonen mot Akvainvest ble gjennomført, i henhold til de betingelser som ble satt av generalforsamlingen den 23. juni. Allokering og oppgjørsinstruksjoner kommuniseres direkte fra Oppgjørsagent, Arctic Securities, til den enkelte tegner. | ||
Vikebukt ,10. juli 2009
Pressemelding
Jan Fossberg (51) er ansatt som adm direktør i Villa Organic as med ansvar for den daglige
ledelsen av Villa Gruppens totale virksomhet med tiltredelse fra 3. august.
Han er utdannet ved Universitetet for Miljø og Biovitenskap med Mastergrad innen
Landbruksøkonomi og Landbrukets Markedsøkonomi.
Jan Fossberg har innehatt flere lederstillinger bl a som disponent for Rieber Skinn AS og
divisjonsdirektør i Coop Norge Industri AS. De siste årene har han arbeidet for flere ledende
norske og internasjonale sjømatselskaper herunder ansvarlig for Eksportutvalget for fisk i
Kina og Korea.
"Jeg gleder med til å ta fatt på oppgaven som leder for Villa Organic. Det å videreføre
konsernets utvikling som et ledende og bærekraftig sjømatselskap er inspirerende og samtidig
utfordrende" sier Jan Fossberg.
"I Jan Fossberg har vi fått om bord en leder med erfaring og kompetanse som sammen med
de ansatte vi har i Villa-selskapene skal kunne utvikle selskapet til en lønnsom og betydelig
virksomhet" sier styrets leder Oskar Dag Sylte.
Oskar Dag Sylte tlf 915 93 290
Jan Fossberg tlf 480 29 552
Call for AGM
The annual general meeting will be held at Villa Organic's offices in Vikebukt the 23rd June at 12.00 CET.
Please see the attached Notice of Ordinary General Meeting for details.
Vikebukt, 16 June, 2009
Villa Organic AS
For more information please contact:
Johan E. Andreassen
Office: +47 71188022
Mobile: +47 92449160
or
Oskar Dag Sylte
Chairman
Mobile: +47 91593290
Notice of AGM.PDF
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Guaranteed 60 MNOK private placement in Villa Organic AS
Company news 2009-06-17 00:16:26
Villa Organic AS has secured a guarantee for NOK 60m in new equity through a Private Placement towards Akvainvest AS. The private placement is the first step in securing a sound financial structure of Villa Organic by increasing the solidity of the company and providing a required capital infusion.
In connection with the Private Placement, certain waivers related to Villa Organic's NOK 200m convertible bond have been obtained from the company's sole bondholder, QVT.
In addition to the Private Placement, Villa is planning a subsequent NOK 20m repair issue combined with a sale of shares from Akvainvest to existing shareholders. The combined exercise is targeting to secure up to NOK 80m in new equity to Villa Organic and the process will enable all shareholders to participate with their pro-rata share of the equity issue.
The proposed private placement and repair issue are conditioned on a reduction of the share capital through a decrease of the par value of the shares from NOK 5 to NOK 1. The private placement and repair issue will price each Villa Organic share at NOK 1.00, implying a post-money valuation of approximately NOK 90m, assuming NOK 80m in gross proceeds.
Both the private placement, subsequent repair issue and the reduction of the share capital are proposed by the Board of Directors to be resolved on the Annual General Meeting to be held 23 June 2009.
Notice of the annual general meeting was sent out on the 16th of June 2009.The annual general meeting will be held at Villa Organic's offices in Vikebukt the 23rd June at 12.00 CET.
Vikebukt, 16 June, 2009
Villa Organic AS
For more information please contact:
Johan E. Andreassen
CEO
Office: +47 71188022
Mobile: +47 92449160
or
Oskar Dag Sylte
Chairman
Mobile: +47 91593290
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VILS - Report 1Q 2009
Company news 2009-05-11 11:08:43
Attached.
Vikebukt, 11th of May 2009
Villa Organic AS
For more information please contact:
Johan E. Andreassen
Office: +47 71188022
Mobile: +47 92449160
villa organic_1q2009 report.pdf
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VILS - Annual Report 2008
Company news 2009-05-11 11:07:50
Attached.
Vikebukt, 11th of May 2009
Villa Organic AS
For more information please contact:
Johan E. Andreassen
Office: +47 71188022
Mobile: +47 92449160
villa organic_annual report 2008.pdf
--------------------------------------------------------------------------------
VILS - CEO Johan Andreassen decided to resign
Company news 2009-02-19 08:45:28
See attached press release
Johan retires.pdf
Annual report 2007
Company news
2008-07-30 14:58:46
Attached is the annual report 2007 for Villa Organic AS.
Annual generals meeting
Company news
2008-06-17 11:15:36
The annual generals meeting will be held at Villa Organics headoffice in Vikebukt the 24th of June 10.00 CET.
Information will be sent to the shareholders by mail.
For further information, contact CEO Johan Andreassen. +47 924 49 160 or jea@villaorganic.com
Villa Organic has sold 3 licences
Company news
2008-04-08 09:04:42
Villa Organic has entered into an agreement regarding sale of three licences for farming of salmon plus biomass to Lerøy Seafood Group's (LSG) subsidiary Lerøy Midnor for approx NOK 130 million. The main reason for the sale is Villa Organic's interest in being an active party in improving the biological situation in the Romsdal-fjord. Villa Organic believes that a sale to Lerøy, which will use the licences on other sites, in a positive way will contribute to improve the biological conditions for salmon in the area
Villa Organic is one of Norway's leading fish farming companies with activities in the counties Møre & Romsdal and Finnmark.
In Finnmark the company hold all the licenses in the big areas East of Cape North (in total 23 licenses). This gives the company unique abilities to implement the best management plans in Norway. This year the packing station in the community of Sør-Varanger will be expanded significantly.
In Møre & Romsdal the company have juvenile production of salmon, R&D Licence for salmon, ownership in processing and 70% of the shares in Villa Cod Farm AS. The sales office of the group is located in Aalesund and the main office is in the community of Vestnes.
Villa Miljølaks production of salmon is certified organic through use of cleanerfish, sustainable feed, low stocking density, no use of copper in impregnations and minimal use of chemicals and medicine.
The sale is expected to have minimal impact on Villa Organics total production of salmon. The commitment towards organic production will follow the adopted plans as Villa will increase its production in Finnmark.
The revenues from the sale will facilitate Villa Organic's strategy of increasing the development and use of cleanerfish as an environmental friendly solution in the treatment of sea lice in salmon farming. Villa Organic is world leading within this area through its R&D licence held by Villa Miljølaks. The R&D is being conducted in cooperation with The Institute of Marine Research and Aalesund University College, and includes among others farming of cleanerfish and development of solutions of PD management in the Romsdals-fjord.
The revenues do also give a solid capital base for Villa Organic's large investment in organic cod farming. Villa Cod Farm is today one of the largest cod farming companies in Norway, and the only cod farmer in the world with organic cod production. In a few years the production of cod is expected to exceed 20 000 metric tons annually.
The part-owned processor, Romsdal Processing, with 40 employees will continue operation with supplies from cod harvesting for Villa Cod Farm and other cod farmers. In addition there will be supplies of salmon from Finnmark that will be processed at the plant.
The revenues from this sale and the 200 MNOK raised from convertible bonds issued primo 2008, gives Villa Organic a very solid financial capacity.
Vikebukt, 8 April, 2008
Villa Organic AS
For more information please contact:
Johan E. Andreassen
Office: +47 71188022
Mobile: +47 92449160
Purchase of shares
Company news
2008-01-25 11:49:06
Villa Organic AS have today purchased 33,33% of the shares in Villa Sales AS from Ove Thu.
The payment is partly in cash and partly in Villa Organic shares.
After this transaction Villa Organic owns 100% of the shares in Villa Sales.
Ove Thu will will hold the position as director of sales and marketing in Villa Organic.
Vikebukt, 25 January, 2008
Villa Organic AS
For more information please contact:
Johan E. Andreassen
Office: +47 71188022
Mobile: +47 92449160
Closing of 30 MNOK private placement in Villa Cod Farm
Company news
2008-01-18 12:45:12
The Villa Organic subsidary, Villa Cod Farm, have successfully closed a 30 MNOK private placement.
The post money market cap of Villa Cod Farm is 132 MNOK.
This placement secures the further growth in Villa Cod Farm into 2008 and 2009.
Villa Cod Farm is one of the largest norwegian codfarmers with about 20 MNOK in sales revenues in 2007.
Vikebukt, 18 January, 2008
Villa Organic AS
For more information please contact:
Johan E. Andreassen
Office: +47 71188022
Mobile: +47 92449160
Completion of senior secured convertible bond issue
Company news
2008-01-18 10:30:13
The extraordinary general meeting in Villa Organic AS has approved the issue of NOKm 200 of convertible bonds. The loan is fully subscribed, and will settle on or around 18 January 2008.
Terms: 7.50% p.a. interest payments, maturity in December 2012, convertible into shares at a price of NOK 57.50 per share.
The convertible bond will be used to restructure existing debt and to finance the expansion of the Villa Organic Group. The loan will enable Villa Organic to expand its production of salmon and trout in the Varanger region in Finnmark, where the company has substantial unused production licenses and -capacity.
The convertible bond also secures Villa Organic additional bank financing for its said expansion.
Pareto Securities AS has arranged the issue.
Villa Organic AS is a world-leading producer of organic salmon, trout and cod, with operations in Møre & Romsdal and Finnmark.
Vikebukt, 18 January, 2008
Villa Organic AS
For more information please contact:
Johan E. Andreassen
Office: +47 71188022
Mobile: +47 92449160
Villa Organic - recieved organic certification in region Finnmark
Company news
2008-01-03 11:05:10
Villa Organic have recieved organic certification for production of organic salmon in region Finnmark.
That means that all the production areas in the company are certified organic:
Salmon farming in region Møre og Romsdal
Cod farming in region Møre og Romsdal
Salmon farming in region Finnmark
Villa Organic is now the largest organic fish producer in the world.
Johan Andreassen - CEO - jea@villaorganic.com
Share split in Villa Organic AS
Company news
2007-12-17 09:45:23
Share split in Villa Organic AS
The Extraordinary General Meeting of Villa Organic AS of 14. December decided to split the share so that one existing share in Villa Organic became 20 new shares.
The result of the share split is that the number of shares in the company increases from 524 826 shares to 10 496 520 shares, and the nominal value of each share changes from NOK 100 to NOK 5. The share split does not change the company`s share capital.
The share split will have effect from today`s trade in the share.
Contact person:
Johan E Andreassen
CEO
jea@villaorganic.com
Extraordinary General meeting today
Company news
2007-12-14 14:45:18
Villa Salmon AS has today held extraordinary General meeting:
Following was decided:
1. Villa Salmon AS changes name to Villa Organic AS
2. Split of share 1:20
3. Change in Board
Camilla Røsjø¸ and Dharma Rajeswaran steps out of the Board
Leif Inge Karlsen and Svein Sivertsen enter the Board as new Boardmembers.
4. Convertible loans
The General meeting gave the Board Power of Attorney to issue convertible loans up to NOK 200 million. Pareto Securities is given the mandate to place the loans.
Agreement with Akvaforsk
Company news
2007-09-26 09:06:09
Villa has made an agreement with Akvaforsk and Polarfeed on a research and development project where the aim is to develop a specialized feed for the cold waters in Finnmark. The project will also focus on documenting the good growth conditions and the special quality of the fish farmed in this area. Akvaforsk is one of the leading research institutes in the world.
VILLA LAUNCHES ORGANIC COD
Company news
2007-09-21 13:23:13
For the first time in history Villa harvested organic Cod at their harvesting station in Midsund, outside Molde, today. The first harvest was a great success as the fish was much larger than expected. This proves that organic Cod farming is good for the fish welfare and hence gives good growth rates. The first lots of fish will mainly be sold in in the export markets but can also be found in selected stores in Norway. By this Villa confirms it's position as one of the leading organic fishfarming companies in the world.
www.villaorganic.com
VILS - Whole Foods Markets approval
Company news
2007-08-01 08:31:37
The worlds biggest organic supermaket chain Whole Foods Markets has approved three suppliers of farmed salmon the company will use excusively to provide salmon to its stores.
One out of these three is the Villa/Blue Sea LLC joint venture brand "Changing Seas".
The farmed salmon will be produced after Whole Foods new salmon standards which are considered as some of the strictest in the world.
After January 1, 2008 no products from other farms will be sourced to Whole Foods the company announces.
VILS - Update on operations
Company news
2007-07-24 09:28:31
Salmon region Møre
* Full usage on all licences.
* Harvest so far this year approximately 40% higher than 2006.
* Weekly harvests on both organic and best practise salmon.
* All sites in Møre area suffers from the Pankreas Disease that are present in the area. This is expected to cost at least 10 MNOK this year.
* Approximately 800 000 fish will be put into seawater in region this year.
Salmon/Trout region Finnmark
* Very low mortality
* High growth rate on the biomass, due to good summer temperatures and arctic sunlight.
* Good economical feed conversion ratios.
* Excellent quality on the fish.
* No diseases present
* Approximately 3 million fish will be put into seawater in region this year.
* Harvest season will start in October.
Cod region Møre
* 2007 so far is the best year ever for Villa Cod Farm.
* Great results on maturation
* Low mortality
* No escapees
* Good product quality
* At the moment about 1100 tons biomass in sea
* Organic cod will be launched in September.
* Approximately 450 000 fish will be put into seawater in region this year.
VILS - Prolongation of R&D licence
Company news
2007-07-02 10:33:16
Villa Miljølaks have from the Directorate of Fisheries received a prolongation of the R&D licence with 780 tonn MTB. The licence runs until the end of September 2010.
The R&D licence will be used for research and further development about the use of cleanerfish with main focus on sealice control through the winter, grazing efficiency and improved welfare for the cleanerfish. The research also include an extensive agreement with the Institute of Marine Research in Bergen having the professional responsibility for the research.
Protocol from annual generals meeting
Company news
2007-06-29 15:35:42
Protocol from annual generals meeting. Only presented in Norwegian language
protokoll ordinær generalforamling 290607.pdf
Presentation material annual general meeting
Company news
2007-06-29 15:23:16
Attached is presentation material from the annual general meeting
2006_annual_figures_engelsk.pdf
Notice for Annual General Meeting
Company news
2007-06-25 01:25:30
Please find enclosed the Notice of Annual General Meeting.
http://www.villaorganic.com Notice of Ordinary General Meeting - VILLA SALMON AS_2007.doc
VILS - ANNUAL GENERAL MEETING
Company news
2007-06-15 15:29:15
Please be advised that the Annual General Meeting
of Shareholders of Villa Salmon AS will
be held on Friday the 29th June of 2007 at
11:00. Location: The Company`s offices at
Villa, 6392 Vikebukt.
For questions about where to travel call the companys desk at: +47 71 18 80 20
Annual report 2006
Company news
2007-06-01 09:06:50
Villa Salmon AS (VILS) will publish the annual figures for 2006 14th of June. The numbers will be published in the OTC - newsroom.
The reason of the delayed report is a combination of long-term illness of the account manager and the number of new companies with different auditors to be consolidated into the final numbers. We apologize for the delay.
Questions to:
Johan Andreassen
CEO
Cellphone +47 92 44 91 60
jea@villaorganic.com
New director at Kirkenes Processing AS
Company news
2007-05-29 09:05:33
Bjørn Vågsholm is the new director at Kirkenes Processing - the processing plant of Villa Arctic and Troika Seafarms.
Vågsholm has vast experience from the family owned company Jørgen Vågsholm AS, which was sold to Pan Fish and became the worlds largest processing plant for salmon; Pan Fish Processing in Eggesbønes.
Vågsholm will be in charge of the expansion at Kirkenes Processing at the time Villa Arctic is increasing the production in Finnmark.
Results from the first generation of steelhead trout in Finnmark
Company news
2007-03-25 18:22:36
Harvest of the first generation of steelhead trout is now completed. For the company it has been of top priority to get sufficient documentation in big scale on what results it is possible to achieve in the region. This is an important tool to decide further expansion in the region.
The first fish was put to the sea 09th of June 2006 with an average weight of 850 grams. Total 181 000 fish.
The mortality in the period was 23 000 fish (13%). Out of these 21 000 fish (11,6%) died just after transportation from Møre to Finnmark. That means the mortality after the fish began to grow in Finnmark is very low.
Number of fish harvested was 164 744 fish => 608 358 kg => average weight 3,7 kg.
Sea temperature at average 7,1 degrees. (minimum 2,5 and maximum 11,3)
Specific growth rate 0,71%
Feed conversion rate 1,20 biological and 1,27 economical
Share of fish with best quality (superior) was 95,91%
Net feed cost per kilo produced fish NOK 9,37
The results are very promising, and proves the conditions for profitable fishfarming in Eastern Finnmark.
Villa Salmon owns all salmon licences in Eastern Finnmark and are permitted to have a standing biomass of 20,7 million kilos which gives a production capacity of 35 million kilos (round living weight)
The company plan sea entry of 2 million steelhead trout and 1 million salmon in the region in 2007