AKVA group ASA has received a waiver letter from Sandnes Sparebank increasing
the duration of the suspension of the covenant regarding the ratio between
interest bearing debt and EBITDA under the loan facilities with Sandnes
Sparebank. AKVA group ASA will thus continue to comply with the terms of the
loan facility agreement. The duration is extended until 30 June 2010 by which
AKVA group expects to be in compliance with this covenant.
Bryne, 22 December 2009
AKVA group ASA
Web: www.akvagroup.com
CONTACTS:
Knut Molaug, Chief Executive Officer
Phone: +47 51 77 85 40
Email: kmolaug@akvagroup.com
Rolf Andersen, Chief Financial Officer
Phone: +47 51 77 85 48
E-mail: randersen@akvagroup.com
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AKVA group is the leading provider of technology to the global fish farming
industry and the only with global distribution. The products consist of software
systems, operational equipment and sensor systems, feed systems, cage systems,
net cleaning systems, light systems and recirculation aquaculture systems.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1366560]