Atlantic Sapphire

AGM Information • Sep 17, 2024

Atlantic Sapphire ASA: Extraordinary General Meeting Concluded

Atlantic Sapphire ASA: Extraordinary General Meeting Concluded

Miami, FL, 17 September 2024

Atlantic Sapphire ASA has today held an extraordinary general meeting digitally.

All items proposed on the agenda were adopted, as referred to in the notice for the extraordinary general meeting published on 27 August 2024 as well as in the revised proposals to the general meeting published on 13 September 2024. In addition, it was, pursuant to a proposal from the Board of Directors, resolved that the interest under the Convertible Loan shall only be payable in-kind, i.e. the interest will be added to the principal amount under the Convertible Loan.

Please find enclosed the minutes from the meeting in Norwegian and English.

For further information, please contact:

Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO

Gunnar@atlanticsapphire.com

Investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA:

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire operated its innovation center in Denmark from 2011 until 2021 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer. 

In the US, the Company holds the requisite permits and patents to construct its Bluehouse® in an ideal location in Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in operation, which provides the capacity to harvest up to approximately 9,500 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire is currently constructing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons and has a long-term targeted harvest volume of 220,000 tons.