Clean Seas chairman Hagen Stehr said the investment from Simplot suggested Clean Seas “must be doing something right”.
“It’s a huge shot in the arm for us and the aquaculture industry in South Australia,” he said. “They think we’re doing the right things at the moment, which is a terrific boost for the company. “Having Simplot, one of the world’s great food companies, join our register is a tribute to what has been achieved by Clean Seas in the past two years and we look forward to working with Simplot to build an even stronger business.”
Simplot is one of the world’s largest food companies and owns brands including John West, Edgell, Birdseye, Leggos, Chiko and Seakist.
The equity raising includes a non-renounceable 1 for 8 rights issue and an institutional placement, both at $1.35 per share.
Source: Port Lincoln Times