Atlantic Sapphire

Director's Dealing • Nov 11, 2021

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, November 11, 2021

Lioness AS, a company controlled by Runar Vatne, board member and primary insider in Atlantic Sapphire ASA (“the Company”), has today acquired 150,000 shares in Atlantic Sapphire ASA at an average price of NOK 46.4 per share. Following the transaction, Vatne Equity AS (a company wholly-owned by Mr. Vatne) holds 5,000,000 shares and Lioness AS holds 400,000 shares in the Company, in aggregate corresponding to 5.9% of the outstanding shares.

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 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 targeted harvest volume in 2031 of 220,000 tons.