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Atlantic Sapphire — Share Issue/Capital Change 2020
Nov 25, 2020
3543_rns_2020-11-25_39213297-9a22-4974-a4a1-0bfdfbfa67c6.html
Share Issue/Capital Change
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Atlantic Sapphire ASA: Resolution to issue shares - Employee share option exercise
Atlantic Sapphire ASA: Resolution to issue shares - Employee share option exercise
Miami, FL, November 25th, 2020
Pursuant to an employee option agreement from 2017, 500,000 options in the Company have been exercised.
On November 25th, 2020, the board of directors of the Company thus resolved to carry out a share capital increase of NOK 50,000 through issuance of 500,000 new shares, each with a par value of NOK 0.10 directed towards the option holder. The new shares are issued by the board pursuant to an authorization granted by the Company’s general meeting on June 20th, 2019.
The new shares will be subscribed on or before December 1st, 2020 and the price to be paid for each share pursuant to the option agreement is NOK 28. The new shares are expected to be issued mid-December 2020.
For further information, please contact:
Johan E. Andreassen
Chairman, Atlantic Sapphire ASA;
Karl Øystein Øyehaug
Managing Director & Interim CFO, Atlantic Sapphire ASA
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 technology and procedures that enables the company to commercially scale up production in end markets close to the consumer.
In the US, the company has since 2010 worked to identify and permit the ideal location for Bluehouse® farming in Miami, Florida. The company is close to completion of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually and performed its first commercial harvest in the US in September 2020. The company has also secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.