Ole Arne Eiksund, outgoing CEO of Arctic Bioscience has exercised 76,180 share
options at strike price NOK 9.845.
The Board of Directors will issue the shares, pursuant to authorization granted
by the Company's Annual General Meeting. Following the increase, the Company's
shares outstanding will be 24,375,719 shares.
For further information, please contact:
Danielle Glenn
CFO of Arctic Bioscience AS
Phone: +47 909 98 201
Email: danielle@arctic-bioscience.com
About Arctic Bioscience
Arctic Bioscience is a biotech company developing and commercializing
nutraceutical products based on herring roe oil. Herring roe oil contains lipids
that are essential to maintain cell membranes, contributing to normal
functioning of brain, heart, and vision. Nutraceuticals from Arctic Bioscience
are sold globally as bulk ingredients to other companies making dietary
supplements, and as finished goods under the Romega brand. The strategy is to
switch sales from bulk to finished goods and focus markets are USA and China.
The company is developing HRO350 - a novel investigational drug candidate with
herring roe as raw material. HRO350 is being developed for treatment of mild-to
-moderate psoriasis. This is a large patient group in need of new effective
medicines. Arctic Bioscience is led by a team of highly competent people with
experience in developing marine oils and experience from global pharmaceutical
companies.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.