Atlantic Sapphire

Director's Dealing • Nov 19, 2022

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, November 18, 2022

Alexander Reus, board member and primary insider, has today sold 31,063 shares in Atlantic Sapphire ASA at an average price of USD 0.68 per share.

Following the transaction, Mr. Reus directly holds 102,947 shares in the Company, the equivalent of 0.1% of the outstanding shares. In addition, a family trust controlled by a related party of Mr. Reus holds 1,601,051 shares in the Company, corresponding to 1.1% of the total shares outstanding in the Company.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug

Managing Director, Atlantic Sapphire ASA, and Chief Financing Officer, Atlantic Sapphire USA LLC

investorrelations@atlanticsapphire.com

About Atlantic 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 in Denmark since 2011 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 has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, which provides the capacity to harvest 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 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.