Miami, FL, 9 September 2025
Reference is made to the stock exchange notice by Atlantic Sapphire ASA (the "Company") on 31 August 2025 regarding, inter alia, the contemplated raise of a new convertible loan of USD 31 – 35 million (the "Convertible Loan").
In order to formally approve the Convertible Loan, the Company's Board of Directors (the "Board") hereby calls for an extraordinary general meeting to be held digitally on 30 September 2025 at 16.00 CET. The Board has also proposed to approve updated guidelines for salary and other remuneration to leading personnel, to reduce the Company's share capital through reduction of the par value of the Company's shares and to grant and renew certain Board authorizations as well as propose a potential issue of independent subscription rights in connection with a contemplated long-term incentive program.
The notice with the full agenda is attached hereto in both Norwegian and English.
For further information, please contact:
Pedro Courard,
CEO, Atlantic Sapphire ASA
Gunnar Aasbo-Skinderhaug
Atlantic Sapphire ASA, Deputy CEO/ CFO
Email: gunnar@atlanticsapphire.com, 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 up to approximately 7,500-8,500 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire is currently developing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons and has a long-term targeted harvest volume of >100,000 tons.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.