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19.12.2017 07:28
AKVA group ASA: Information regarding development licenses
Atlantis Subsea Farming AS (the "Company") applied for 6 development licenses
the 29th of January 2016. On March 10th 2017, The Norwegian Directorate of
Fisheries informed the Company that the Company's concept had progressed another
step further in the process to get awarded development licenses. Further, The
Directorate informed that they would go ahead with processing the application
limited to 2 licenses, but did reject the application in terms of the other 4
permits applied for.
The Company considered the feedback from The Directorate, and decided to appeal
the decision on May 8th, 2017. The appeal were limited to the rejection of 2 of
the 4, rejected licenses. The Directorate forwarded the appeal to the Ministry
of Trade, Industry and Fisheries on June 16th 2017, for final decision.
On December 18th 2017 The Ministry rejected the appeal. The decision is final,
and cannot be appealed.