On Friday, three of the impartial members of the company’s board stood down over their opposition to CEO and majority shareholder, Jerzy Malek, managing the company.
This sent the share price, which was already falling because of the volatility in salmon prices since its initial public offering (IPO) in June, 2010, even lower.
Morpol’s share price is trading at NOK 10.30 (€0.24/$0.33) Monday, having listed at NOK 21 (€0.50/$0.68). Malek took the chance to increase his stake in the company to 48.21
