AMSTERDAM: The Kingfish Company N.V. has signed a proposal to be publicly filed with the Dutch trade register for a legal de-merger, effectively transferring all properties owned by the company to a new subsidiary named Kingfish Property One B.V.
The transfer is contemplated to be legally effected within the first quarter of 2021 and will be financially effective January 1st, 2021 and forms part of an internal reorganization further discussed in section 10.2 of the Admission Document published on November 24th, 2020.
The internal reorganization is carried out to optimize the operations of the Kingfish Group by establishing the Company as a holding company in the Group.
Furthermore, the Company is contemplating to transfer its dutch farming assets and operations to a newly-incorporated subsidiary, Kingfish Zeeland B.V., with financial effect from January 1st, 2021. Upon such transfer, Kingfish Zeeland B.V. will become the Kingfish Group’s operating company for the Netherlands.
The Kingfish Company is a proven leader in high value seafood production, utilizing land-based RAS technology. The company sustainably produces Yellowtail Kingfish, a highly versatile seafood species, with an active vertically integrated operation in the Netherlands, and a second site in advanced permitting in Maine, planned to supply the North American market.