Salmon Evolution Holding ASA: Cancellation of subsequent offering
STOCK EXCHANGE NOTICE
26th April 2021 / 05:00
As announced in the stock exchange notice, completion of the Subsequent Offering is subject, inter alia, to the prevailing market price of the share. Following the Board of Directors’ conditional resolution to carry out a subsequent offering, the price of the share has, for an extended period and with substantial volume, traded below the subscription price in the planned Subsequent Offering.
Existing shareholders wanting to avoid or reduce the dilutive effect of the Private Placement have had the opportunity to purchase shares in the open market at prices below the subscription price in the Private Placement and the contemplated Subsequent Offering.
The Company has therefore resolved to cancel the Subsequent Offering.
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 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 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 HFS technology.
Salmon Evolution Holding ASA is listed at Euronext Growth under the ticker SALME.
To learn more, please visit www.salmonevolution.no.
CONTACTFor further information, contact:
Håkon A. Berg
CEO, Salmon Evolution
+47 411 92 257
Trond Håkon Schaug-Pettersen
CFO, Salmon Evolution
+47 911 91 327