Andfjord Salmon Group AS: Mandatory notification of trade
Reference is made to the private placement announced by Andfjord Salmon Group AS on 22 May 2024 (the "Private Placement"). Please see the attached PDMR-forms related to (i) share lending to facilitate delivery of shares in the Private Placement; and (ii) allocation of shares in the Private Placement.
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About Andfjord Salmon
Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing the world’s most sustainable and fish-friendly aquaculture facility of its kind. Through a proprietary flow-through system, Andfjord Salmon combines the best from ocean and land-based salmon farming. In its first production cycle, the company achieved an industry-leading survival rate of 97.5 percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and required 1 kWh to produce one kilo of salmon. Andfjord Salmon has identified a roadmap towards a production capacity of 40,000 tonnes HOG at Kvalnes, Andøya, and set a long-term ambition to reach 90,000 tonnes HOG across Kvalnes, Breivika and Fiskenes at Andøya. For more information, see www.andfjordsalmon.com.
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