Sale of Crayfish Quota in areas CRA7 and CRA8

Fri, 29 Apr 2022

Sanford Limited has announced the sale of its spiny (red) rock lobster quota in Fisheries Management Areas CRA7 and CRA8 for $49.3 million.

The completion date is 29 April 2022 and the company is also considering the sale of CRA2 quota.

Sanford CEO Peter Reidie states the value of the quota sale will be reinvested in the business to improve shareholder value.

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