Director's Dealing • Jul 5, 2021
Director's Dealing
Open in ViewerOpens in native device viewer
(Correction) Purchase of 63 000 shares by Chief Technology Officer
Desert Control AS: Purchase of 63 000 shares by Chief Technology Officer
Sandnes, Norway, 5 July 2021: Tor Mæhlum Karlsen, Chief Technology Officer in Desert Control AS
("Desert Control" or the "Company") have on 5 July 2021 purchased shares in the company.
On 5 July 2021, Tor Mæhlum Karlsen, of the Company management team, participated in a share
issue in the Company for shares at par value NOK 0.003. The share issue is initiated as a part of the
Company’s incentive program for management. Following the transaction Tor Mæhlum Karlsen holds a total of 73,000 shares in the Company.
Primary insider notification pursuant to the market abuse regulation article 19 are attached.
For further information, please contact:
Erling Rasmussen, Chief Financial Officer,
+ 47 482 11 151,
About Desert Control AS
Agriculture and food production consume more than 70% of all available freshwater. When topsoil
degrades, water consumption increases further as it permeates through sandy soils like a sieve.
Simultaneously, population growth drives the need for more food over the next 40 years than was
produced in the last 500 years, putting even more pressure on scarce resources such as water. This is
the problem Desert Control is determined to solve. There are tremendous growth opportunities in a
market that is growing rapidly. Annually, 12 million hectares of fertile land perish to desertification.
Desert Control is a climate technology company specialized in reclaiming degraded soil and turning
desert sand into fertile soil. The patented product LNC (Liquid Natural Clay) is a liquid clay compound
that enables sand and degraded soil to retain water and nutrients. LNC thus increases crop yields,
while consumption of water and fertilizer decreases by up to 50%.
This information is subject to the disclosure requirements pursuant to the market abuse regulation
article 19.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.