Andfjord Salmon AS - Issue of shares to primary insiders
Pursuant to the authorization granted by the annual general meeting on 6 May 2021, the board of directors of Andfjord Salmon AS (the "Company") has resolved to issue 60 000 new shares in the Company as part of a board of directors incentive program, of which 30 000 shares are issued to and subscribed by the chair of the board Roger Brynjulf Mosand and 30 000 shares are issued to and subscribed by board member Kim M. Strandenæs (through UFI Capital AS). The subscription price per share is NOK 31.30. The shares will be subject to a three-year lock-up.
Following registration of the share capital increase pertaining to the new shares with the Norwegian Register of Business Enterprises, the Company's new share capital will be NOK 35,934,400 divided into 35,934,400 shares, each with a nominal value of NOK 1.
This information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act.
About Andfjord Salmon
About Andfjord Salmon AS
Andfjord Salmon has developed an innovative and sustainable aquaculture concept for shore-based farming of Atlantic salmon, based on a flow-through farming concept. The company's ambition is to build the world's most sustainable aquaculture facility of its kind. The facility is escape-proof, lice-free and its highly filtered effluent avoids polluting marine life.
Located at Kvalnes on the island of Andøya on the Arctic Archipelago of Vesterålen, Norway, the company's first facility is currently under construction. The company holds a license to produce 12 600 tonnes (HOG) for land-based farming of Atlantic salmon and has secured rights to land for a planned expansion of an additional 77,400 tonnes (HOG) production capacity. Further expansion is subject to the zoning of the land and granting of licenses.
Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF. www.andfjordsalmon.com
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