Development History and the Company Today
Establishment of the Company. Development of the distribution segment.
Opening of a state-of-the-art plant in Noginsk to produce ready-to-cook products.
Acknowledgement of the Russian Sea brand as the most recognisable brand in its segment, according to TNS Gallup Media.
Expansion of the sales geography for distribution and supply of ready-to-cook products: at the end of 2006, the distribution network comprises 40 branches and representative offices in big cities of the Russian Federation.
Initiation of aquaculture development: acquisition of a trout farm in Karelia on Segozero Lake.
Listing of Russian Sea Group’s ordinary shares on the MICEX and RTS stock exchanges.
Launch of the first Atlantic salmon farm in the Barents Sea waters in the Murmansk Region. Certification for farming in the Murmansk Region near the Rybachy Peninsula with a total breeding potential of over 30 kt.
Sale of 100% shares of Russian Sea CJSC (ready-to-cook fish production) to the group of strategic investors in February 2013.
AK&M and Expert RA (RAEX) assignment of national scale credit rating "A" to Russian Sea Group OJSC in September — October 2014.
Detection of critical diseases in the Atlantic salmon population at the Company’s fish farms in the Titovka Bay of the Barents Sea, confirming the high biological risks in aquaculture and resulting in the loss of over 70% of fish to be harvested and sold in 2015–2016.
Sale of the distribution segment to Russian Fish Company CJSC in August 2016 for about RUB 1.8 bln.
Acquisition of two smolt plants in Norway: Villa Smolt AS and Olden Oppdrettsanlegg AS in July and October 2017.
SPO on Moscow Exchange held in December 2017: 8,338,998 shares with a par value of RUB 100 per share placed at an offer price of RUB 120 per share.
Launch of sea trout sales.
Acquisition of a 40% stake in a fish processing plant in Murmansk In November.
Commissioning of the first cage complex with 156-m cages in the Kildin Strait of the Barents Sea.
Signing of direct agreements with all federal networks with distribution centres. First direct supplies of chilled fish to Nizhny Novgorod, Krasnodar, Perm, Ekaterinburg and Novosibirsk.
First dividend payout of RUB 430 mln. Increase in free float from 8 to 14%
Signing of use agreements with three new fishing sites in the Barents Sea.
Purchase of a third live-fish vessel, a fish processing plant in Murmansk, and a Setran smolt plant (Norway).
Debut bond issue of RUB 3 bln. Rating ’A—’ (ACRA, NCR). Dividend payout of about RUB 1.5 bln.
Announcement of a rebranding and a name change to INARCTICA.
Start of the construction the in-house fry and feed plants.
Sale of fry farms in Norway and acquisition of fry farms in Russia.
ACRA and NCR affirmation of the rating at ‘A—’ and change in the outlook from Stable to Positive.
Dividend payout of about RUB 3.3 bln.
Acquisition of a fish breeding plant in the Nizhny Novgorod Region and the Arkhangelsk Algae Combine.
ACRA upgrading the Company’s credit rating to ‘A(RU)’ with Stable outlook, and NKR — to ‘A.RU’ with Stable outlook.
Raising RUB 3 bln through a secondary public offering (SPO), involving more than 13,000 inverstors.
Over the year, the total number of investors more than doubled to over 173,000.
Preparation of the first sustainability report under the international GRI Standards 2021, including the industry standard GRI 13: Agriculture, Aquaculture and Fishing Sectors 2022.