- Release Date: 01/09/15 09:50
- Summary: GENERAL: SAN: Sanford Limited - Continuous Disclosure
- Price Sensitive: No
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SAN 01/09/2015 09:50 GENERAL NOT PRICE SENSITIVE REL: 0950 HRS Sanford Limited GENERAL: SAN: Sanford Limited - Continuous Disclosure 1 September 2015 NZX Announcement Sanford Confirms Pacific Tuna Vessel Sale As part of an ongoing strategic review of its business, Sanford management reviewed the viability of the Company's Pacific Tuna business. Continuing unsatisfactory returns driven by low prices and the strict commodity nature of skipjack tuna coupled with ever increasing access costs to the fishery, resulted in the decision to exit this business and offer the vessels for sale. This has culminated in the sale of the San Nanumea from the company's Pacific Tuna Fleet. Discussions with potential purchasers of the remaining Pacific Tuna vessel San Nikunau are continuing. Volker Kuntzsch Chief Executive Officer ENDS The media contact for Sanford is Trish Sherson on 021 570 803 or e-mail [email protected] End CA:00269417 For:SAN Type:GENERAL Time:2015-09-01 09:50:39
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- Ann: GENERAL: SAN: Sanford Limited - Continuous Disclosure
Ann: GENERAL: SAN: Sanford Limited - Continuous Disclosure
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