Atlantic Sapphire

AGM Information • Mar 22, 2024

Atlantic Sapphire ASA: Extraordinary General Meeting Concluded

Atlantic Sapphire ASA: Extraordinary General Meeting Concluded

Miami, FL, 22 March 2024

Atlantic Sapphire ASA has today, 22 March 2024, completed an extraordinary general meeting digitally. All items on the agenda were adopted, including the approval of the share capital increase in connection with the second tranche of the Private Placement announced on 29 February 2024. Please find enclosed the minutes from the meeting in Norwegian and English.

For further information, please contact:

Johan E. Andreassen, CEO;

or

Karl Øystein Øyehaug, CFO

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 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.