Copeinca : Copeinca to appoint financial advisors to explore strategic alternatives, negative view from major shareholders on

    Copeinca : Copeinca to appoint financial advisors to explore strategic
alternatives, negative view from major shareholders on the presented intended
                                    offer

The board  of directors  of Copeinca  ASA (Copeinca)  makes reference  to  the 
announcement made by China Fishery Group  Limited (CFGL) of an intended  offer 
for all of the shares in Copeinca. This announcement was unsolicitated and was
made without  any  contact  or  discussion with  the  board  of  directors  of 
Copeinca.

Each of Dyer Coriat Holding with 32.6% of the shares in Copeinca and  Weilheim 
Investments with 6.0% of the shares does not find the announced intended offer
attractive and will not tender their shares in an offer based on the terms and
conditions presented by CFGL. Ocean Harvest, with 13.9% of the shares, has not
entered into a pre-acceptance  agreement with regards  to the intended  offer, 
but will consider the  offer and await the  further developments. These  three 
shareholders are represented at the board of directors of Copeinca.

Copeinca is  in  the process  of  formally appointing  financial  advisors  to 
explore strategic alternatives for Copeinca following the announcement made by
CFGL,  in  order  to  protect  the  interests  of  Copeinca  and  all  of  its 
shareholders.

Copeinca will disclose its further views  of the announced intended offer  and 
other relevant developments in due  course, following a closer evaluation  and 
discussion with its financial advisors.

In the  meantime, Copeinca  notes  that there  are discrepancies  between  the 
announcements made by CFGL  on Copeinca's ticker on  the OSE, and the  notices 
made by CFGL and  its related companies  (Pacific Andes Resources  Development 
and Pacific Andes International Holdings). For instance, in the notices on the
SGX and  the  HKEX, the  pre-acceptances  and related  withdrawal  rights  are 
presented in more detail, the acceptance level condition of the intended offer
is presented as non-waivable by the Offeror, and the conditions precedent  for 
the financing are presented in more detail.

Shareholders are strongly advised to refrain from taking any action in respect
of their shares in Copeinca which  may be prejudicial to their interests,  and 
to exercise caution when dealing in the shares of the Company.

For further information, please contact:
Chairman of the Board of Directors Samuel Dyer Coriat, sdyerc@camposol.com.pe
Chies Executive Officer            Pablo Trapunsky, ptrapunsky@copeinca.com.pe
Tel. (511) 213-4000

About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru.
The Company produces its fishmeal and fish oil from anchovy harvested off the
coast of Peru, and most of its production is exported. Key countries for
export are China, Japan, Germany, Canada, Chile and Denmark. Typical
customers are fish and animal feed producers as well as refineries for omega-3
products. Copeinca ASA runs its operations out of Lima and has its own fleet.
Copeinca ASA operates 5 plants located in strategic locations all around the
Peruvian coast line. The company has around 1,400 part and full time
employees.

Please visit www.copeinca.com 

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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Source: Copeinca via Thomson Reuters ONE
HUG#1681381
 
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