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Saturday 21 May 2022

NZKS

NZ King Salmon raises $50m, allocates shortfall 10th May 2022 /

NZ King Salmon raises $50m, allocates shortfall

New Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.


NZ King Salmon opens $60m rights issue 28th April 2022

NZ King Salmon opens $60m rights issue

New Zealand King Salmon has opened its $60.1m underwritten pro rata 2.85 for 1 rights offer – the proceeds of which will be used to deleverage its balance sheet and improve liquidity.


A closer look: NZKS overhaul will see 100 jobs go 14th April 2022

A closer look: NZKS overhaul will see 100 jobs go

The salmon farmer expects many roles to go via natural attrition, as it reduces its harvest size from 8,000 to 6,500 tonnes.


NZ King Salmon posts $73m loss, launches $60m cap raise 13th April 2022

NZ King Salmon posts $73m loss, launches $60m cap raise

Alongside the capital raise, the company is making structural changes to its farming model, slashing costs and shedding jobs.


NZ King Salmon trading halt, moots possible cap raise 13th April 2022

NZ King Salmon trading halt, moots possible cap raise

The company says it will make a “material announcement regarding its full year results and a potential cap raise”.


NZ King Salmon delays FY results due to Omicron 31st March 2022

NZ King Salmon delays FY results due to Omicron

New Zealand King Salmon has been granted permission to delay the release of its full year results due to Omicron taking out members of its finance team and audit provider.


Watch: Ōra King Salmon’s ‘Our Story’ 24th March 2022 /

Watch: Ōra King Salmon’s ‘Our Story’

Ōra King Salmon’s beautifully filmed Our Story documentary.


Watch: Ōra King – Our Story 3rd March 2022 /

Watch: Ōra King – Our Story

A neat look at an excerpt from Ōra King – our Story, from Ōra King Salmon of course.


NZKS shares fall 15% on earnings downgrade 2nd February 2022

NZKS shares fall 15% on earnings downgrade

New Zealand King Salmon shares have slumped 15% after the company warned of lower earnings.


NZKS warns of “serious” earnings hit as warm waters kill fish 1st February 2022

NZKS warns of “serious” earnings hit as warm waters kill fish

New Zealand King Salmon says warm water temperatures are leading to “higher than expected sea farm mortality” that will hit earnings by up to $5m.


Board changes at NZ King Salmon to help develop China 4th November 2021 /

Board changes at NZ King Salmon to help develop China

New Zealand King Salmon has appointed Carol Chen to its board.


NZKS Blue Endeavour hearing kicks-off 18th October 2021

NZKS Blue Endeavour hearing kicks-off

A hearing into NZ King Salmon’s plan to develop the country’s first open-water salmon farm kicks-off today – with rivals expected to watch closely.


NZ King Salmon more upbeat 2nd August 2021

NZ King Salmon more upbeat

New Zealand King Salmon has advised its earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be between $8 – $10m with a stronger second half forecast.