Salmon Evolution ASA: New share capital registered
STOCK EXCHANGE NOTICE
5th May 2022 / 13:09
The Private Placement consisted of one tranche of 22,574,374 shares (“Tranche 1”) and a second tranche of 10,758,959 shares (“Tranche 2”). The board of directors resolved on 5 April 2022 to issue the shares allocated in Tranche 1 pursuant to an authorization granted to the board by the annual general meeting in the Company held on 19 May 2021, while the issuance of the shares allocated in Tranche 2 was subject to approval by an extraordinary general meeting (the “EGM”) in the Company. The EGM was held on 2 May 2022 whereby the share capital increase pertaining to Tranche 2 was approved.
The share capital increase related to Tranche 2 has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 17,287,741.10 divided into 345,754,822 shares, each with nominal value NOK 0.05.
ABOUTAbout Salmon Evolution
Salmon Evolution is a Norwegian land-based salmon farming company focused on extending the ocean's potential by transferring the best preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). This secures a truly sustainable production process with controlled and optimal growth conditions and limiting operational and biological risk.
The Company's first production facility is under construction at Indre Harøy, strategically located on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure for salmon farming, and an educated and experienced work force. The entire project is designed for an annual capacity of approx. 31,500 tonnes HOG.
The Company has also entered into a joint venture with Dongwon Industries where the parties will develop, construct and operate a land-based salmon farming facility in South Korea with an annual production capacity of 16,800 tonnes HOG, using Salmon Evolution's chosen HFS technology.
Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.
To learn more, please visit www.salmonevolution.no
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The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
CONTACTFor more information, please contact:
Trond Håkon Schaug-Pettersen, CFO (+47 911 91 327)