What did New Zealand King Salmon Investments Limited announce?
New Zealand King Salmon Investments Limited (NZX: NZK) filed “NZK Receives Positive Aquaculture Decision” with NZX on 15 January 2024, as a regulatory announcement.
From the announcement:“NZK - Receives positive aquaculture decision for Blue Endeavour open ocean farm The Board of New Zealand King Salmon Investments Limited (NZK) wishes to advise that we have received notice of a positive ‘aquaculture decision’ for Blue Endeavour from Fisheries New Zealand.”
- Which company?
- New Zealand King Salmon Investments Limited (NZX: NZK)
- When was it filed?
- 15 January 2024
- Where is the original?
- NZX announcement
NZK Receives Positive Aquaculture Decision
16 January 2024
NZK - Receives positive aquaculture decision for Blue Endeavour open ocean farm
The Board of New Zealand King Salmon Investments Limited (NZK) wishes to advise that we have
received notice of a positive ‘aquaculture decision’ for Blue Endeavour from Fisheries New Zealand.
Fisheries New Zealand (part of the Ministry for Primary Industries) assesses the effects of proposed
marine farm areas on fishing through the undue adverse effects test (UAE test). A proposed marine
farm cannot proceed if it would have ‘undue’ adverse effects as defined by the process.
The decision will be gazetted on the 16
January 2024, followed by a 30-working day judicial review
period. A judicial review would require a judge of the High Court to examine whether the way the
decision was made was in accordance with the law, and no other matters.
We will make another announcement once this judicial review period is over (estimated date 28
February 2024). Once this period is complete, NZK can give effect to its already granted resource
consent.
Authorised by:
Board of Directors of New Zealand King Salmon Investments Limited
Further enquiries should be directed to Ben Rodgers, Chief Financial Officer, 027 527 5636
ben.rodgers@kingsalmon.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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