Atlantic Sapphire

Director's Dealing • Jul 5, 2024

Atlantic Sapphire ASA: Mandatory notification of trade

Atlantic Sapphire ASA: Mandatory notification of trade

Miami, FL, July 5, 2024

On 5 July 2024, Alsco AS (a close associate of CEO Johan Andreassen and Board member Ellen Marie Sætre) and JEA Invest AS (a close associate of CEO Johan Andreassen) has sold shares in Atlantic Sapphire ASA.

Please refer to the attached notification forms for further information.

For further information, please contact:

Johan E. Andreassen, CEO;

or

Karl Øystein Øyehaug, CFO

investorrelations@atlanticsapphire.com

This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation art. 19 and the Norwegian Securities Trading Act section 5-12.

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 approximately 10,000 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.