Andfjord Salmon Group AS: New share capital registered
Reference is made to the stock exchange announcement made by Andfjord Salmon Group AS (the "Company") on 22 May 2024 regarding the successful private placement (the "Private Placement") of 10,606,060 new shares in the Company, raising gross proceeds of approximately NOK 350 million.
The share capital increase pertaining to the issuance of the 10,606,060 new shares in the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 67,619,013 divided on 67,619,013 shares, each with a par value of NOK 1.
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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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