Statt Torsk ASA

Business and Financial Review • Aug 22, 2023

Statt Torsk ASA: Update on strategic review – decision on postponed production at Rekvika

Statt Torsk ASA: Update on strategic review – decision on postponed production at Rekvika

The board of directors (the “Board”) of Statt Torsk ASA (the “Company”) refers to the stock exchange notice of 16 August 2023 regarding possible modified plans for juveniles at Rekvika.

The Board has today decided to postpone the planned new production at Rekvika, due to the ongoing strategic process and due to the risk of not achieving a fully financed production cycle in the capital marked in order to complete the production.

The decision implies a reduced cost level for the Company going forward, and that juveniles meant for Rekvika (August 2023) will be sold or destroyed.

This update on the strategic review is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange notice was published by Bjug Borgund, CFO, on 22. August 2023 at 14:30 CET.

For more information contact:

Gustave Brun-Lie, CEO, gbl@statt.no