Ocean Harvest Technology Halts Share Trading Amid Financial Turmoil
By
Fiona Craig
PUBLISHED:
21 May 2025 @ 18:25
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Ocean Harvest Technology Group Plc (LSE:OHT) has suspended trading of its shares on the AIM market following a financial crisis sparked by a default on secured loan notes. Terence Butler Holdings Limited, representing the noteholders, has demanded immediate repayment and is enforcing its security rights, including taking control of some of the company’s subsidiaries. This situation has placed Ocean Harvest’s financial health under severe pressure, prompting the board to urgently review the company’s position and options. The developments cast significant doubt on the firm’s near-term operational stability.
About Ocean Harvest Technology Group Plc
Ocean Harvest Technology is a global innovator in seaweed-based products, primarily targeting the animal feed sector. The company’s proprietary seaweed formulations aim to improve animal performance and promote sustainability. Ocean Harvest sources seaweed worldwide using environmentally responsible methods and runs a production facility located in Vietnam.
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