Miami, FL, 11 October 2023
Atlantic Sapphire ASA has today, 11 October 2023, completed an extraordinary general meeting digitally. All items proposed 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 19 September 2023. Please find enclosed the minutes from the meeting in Norwegian and English.
The shares in the second tranche of the Private Placement will be issued on the separate ISIN NO 001 3048173 until a listing prospectus has been approved and published, expected during mid-October 2023.
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 has been operating its innovation center in Denmark since 2011 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 has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, 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.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.