salmon farming company Marine Harvest has completed a reverse split of its shares, according to disclosures from the company.Shareholders finalized the move with a vote during an extraordinary general meeting on 20 January, approving a reverse split in the proportion of 10 to 1. The stock will be trading ex reverse split as of 21 January, with a new price of NOK 7.5 (USD 1.21, EUR 0.90).
As a direct result of the split, the conversion price of Marine Harvest's outstanding EUR 350 million (USD 473.5 million) convertible bonds has been adjusted. The new conversion price is EUR 9.90 (USD 13.39).
