NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange notice from Gigante Salmon AS (the “Company”) on 15 November 2023 regarding the successful completion of a subsequent offering of 840,445 new shares in the Company at a subscription price of NOK 7.2 per share (the “Subsequent Offering”).
The following primary insiders and close associates were allocated shares in the Subsequent Offering:
Rune Johansen, CFO, was allocated 5,000 new shares in the Subsequent Offering. Following completion of the Subsequent Offering, Rune Johansen will own 40,000 shares, equal to approximately 0.03% ownership in the Company.
Nord-Norsk Eiendom AS, a company controlled by Rune Johansen, CFO in the Company, was allocated 35,000 new shares in the Subsequent Offering. Following completion of the Subsequent Offering, Nord-Norsk Eiendom AS will own 310,000 shares, equal to approximately 0.23% ownership in the Company. Thus, Rune Johansen will directly and indirectly control 350,000 shares in the Company, equal to approximately 0.26% ownership in the Company.
Kristin Ingebrigtsen, board member in the Company, was allocated 2,763 new shares in the Subsequent Offering. Following completion of the Subsequent Offering, Kristin Ingebrigtsen will own 17,763 shares, equal to approximately 0.01% ownership in the Company.
For more information, please contact:
Rune Johansen, CFO
E-mail: rune@gigantesalmon.no
Phone: +47 988 44 724
About Gigante Salmon
Gigante Salmon is a salmon farming company that is seeking to begin land-based operations on the islet of Lille Indre Rosøy in Rødøy in the Helgeland district of central Norway. Our salmon-farming concept is based on a flow-through system that combines the advantages of conventional and land-based operations.