14 May 2021
Clean Seas Seafood Limited – New share capital issued
Reference is made to the announcement released on both the Oslo Stock Exchange (”OSE") and Australian Securities Exchange ("ASX") on 6 May 2021 by Clean Seas Seafood Limited (the "Company") regarding the completion of an AUD 25 million placement of new ASX-listed shares ("Shares") (the "Placement").
The first tranche of Shares to be issued in the Placement (the "First Tranche"), consisting of a total of 14,930,000 Shares ("First Tranche Shares"), have now been validly and legally issued as fully paid ordinary shares in accordance with Australian law and the constitution of the Company. The new share capital of the Company is AUD 221,062,475, divided by 128,819,147 Shares, each with nil par value. Attached to this notice is an Appendix 2A form lodged with the ASX in respect of the issuance of the First Tranche Shares.
Subject to approval of the listing application by OSE, 6,121,031 of the First Tranche Shares will become listed on Euronext Growth Oslo in the form of depositary interests that are registered in the Norwegian Central Securities Depositary ("VPS") (in book-entry form) with each such depositary interest representing beneficial interests in an underlying Share in the Company. Registration on the VPS is expected to occur on or around 18 May 2021.
Summary Information
The following disclaimer applies to this announcement and any information contained in it (the Information). The Information in this announcement is of general background and does not purport to be complete. It should be read in conjunction with CSS's other periodic and continuous disclosure announcements lodged with ASX Limited, which are available at www.asx.com.au. You are advised to read this disclaimer carefully before reading or making any other use of this announcement or any Information contained in this announcement. In accepting this announcement, you agree to be bound by the following terms and conditions including any modifications to them.
Forward Looking Statements
This announcement may include forward-looking statements. These forward-looking statements are based on CSS’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of CSS, which could cause actual results to differ materially from such statements. CSS makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of this announcement.
Not an offer in the United States
This announcement has been prepared for publication in Australia and Norway and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.
About Clean Seas Seafood Limited (ASX:CSS)
Clean Seas Seafood is a fully integrated Australian Aquaculture business listed on the Australian Securities Exchange (ASX).
Clean Seas is the global leader in full cycle breeding, farming, processing and marketing of its Hiramasa or Yellowtail Kingfish (Seriola lalandi) and is renowned amongst leading chefs and restaurants around the world for its exceptional quality.
Clean Seas is recognised for innovation in its sustainable Yellowtail Kingfish farming and has become the largest producer of aquaculture Yellowtail Kingfish outside Japan.
Clean Seas is headquartered at its processing facility in Royal Park in Adelaide, South Australia while its hatchery is at Arno Bay and its fish farms are at Port Lincoln, both on the Eyre Peninsula of South Australia.
For further information on Clean Seas Seafood, please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au
+61 434 148 979
Andrew Angus
Investor Relations
andrewangus@overlandadvisers.com.au
+61 402 823 757