Miami, FL ,3 June 2021 Reference is made to the stock exchange notice on3 June 2021 regarding the successful completion of a private placement raising gross proceeds ofUSD 120 million (the "Private Placement") through issuance of new shares (the "Offer Shares ") inAtlantic Sapphire ASA (the "Company"). The following primary insiders or close associates of primary insiders have been allocatedOffer Shares in the Private Placement: -ASInvest AS , a close associate of board member André Skarbø has been allocated 50,709Offer Shares at the offer price ofNOK 98.6 ; and - Tone Bjørnov, board member, has been allocated 2,000Offer Shares at the offer price ofNOK 98.6 . In order to facilitate for settlement on a delivery versus payment basis ofOffer Shares in the Private Placement, a share lending agreement has been entered into between Alsco AS, JEA Invest and Vatne Equity AS (as "Share Lenders") andDNB Markets , a part ofDNB Bank ASA (as "Lending Manager"). Pursuant to that agreement, the Share Lenders has agreed to lend 10,300,000 existing shares in the Company to the Lending Manager. Alsco AS is a close associate of chairmanJohan E. Andreassen and interim COO Bjørn-Vegard Løvik. JEA Invest AS is a close associate of chairmanJohan E. Andreassen . Vatne Equity AS is a close associate of board memberRunar Vatne . Please see the attached forms for further information. For further information, please contact:Johan E. Andreassen Chairman ,Atlantic Sapphire ASA ; or Karl Øystein Øyehaug Chief Financing Officer & Managing Director,Atlantic Sapphire ASA investorrelations@atlanticsapphire.com AboutAtlantic Sapphire ASA Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally.Atlantic Sapphire has been operating its innovation center inDenmark since 2011 with a strong focus on R&D and innovation to equip the company with technology and procedures that enable the company to commercially scale up production in end markets close to the consumer. In the US, the Company has since 2010 worked to identify and permit the ideal location for Bluehouse® farming inMiami, Florida . The Company is close to completion of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually and performed its first commercial harvest in the US inSeptember 2020 . The Company has secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source