Ocean Harvest Technology Group float on AIM
April 2023
Ocean Harvest Technology is one of the leading commercial-scale producers of seaweed blend ingredients for the animal feed market.
The Group was founded in 2005 on the belief that an investment in research and development would result in the ability to create seaweed ingredients that would deliver a number of specific benefits across multiple animal species based on the polysaccharides and other bioactive ingredients present in particular species of seaweeds.
Since its establishment, the Group, through its research and development programme, continues to build a portfolio of intellectual property and has had commercial success in selling its products as ingredients to improve the efficiency, profitability and sustainability of the animal feed chain by delivering improvements in animal gut health.
The Group’s intellectual property portfolio (comprising trade secrets, know-how, various pending patent applications and trade marks), developed in-house and in conjunction with a number of academic and corporate partners, has enabled the Group to demonstrate the significant and positive impacts of its products to potential customers. Alongside this, the Group has focused on the growth of its global seaweed supply chain from harvesters and other suppliers. Harvested seaweeds are transported to the Group’s facility in Vietnam where they are processed into OceanFeedTM feed ingredients for multiple species of animals. The Directors estimate that the Group has spent over €20m to date in R&D and commercialising its products.
The Group continues to invest in R&D, the sourcing of seaweed, and the processing and marketing of its products, as the Group pursues its growth strategy with the aim of becoming the largest supplier of proprietary blended seaweed ingredients to the global animal feed industry.
The main country of operation is Vietnam where the Company’s main production and processing facility is located. The Company is headquartered in Theale, UK with further operations in Galway, Ireland and Binh Duong Province, Vietnam. The Group has grown to comprise a team of 40 full time employees.
Admission to Trading on AIM
On 4th April 2023, admission and dealings on AIM commenced by way of a Placing of 37,500,000 new Ordinary Shares at 16 pence per share.
The Perivan shareholder communications team was delighted to work with finnCap Capital Markets who was appointed as Nominated Adviser and Broker to Ocean Harvest Technology Group on the successful production and publication of the 109-page admission document.
Perivan is the market leader for IPO admission document production and specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
