Reference is made to the stock exchange announcement published by Norway Royal Salmon ASA ("NRS") on the 24 August 2016 regarding the announcement of the directed private placement in Arctic Fish ehf ("Arctic Fish"), thus forming a joint venture with the existing owners.
NRS will with this notice confirm that all conditions in relevant agreements have been fulfilled. As a consequence, the total considerations equal to EUR 29 million have been released to Arctic Fish. The share capital increase is registered, hence NRS holds 2,915,881,927 shares in Arctic Fish, equal to 50.0 per cent of the total shares and votes in the company. The remaining 50.0 per cent ownership in Arctic Fish is controlled by Bremesco Holding Ltd and Novo ehf, with 47.5 per cent and 2.5 per cent respectively.
The new board of Arctic Fish consists of Svein Sivertsen (Chairman), Charles Høstlund, Ola Loe, Jerzy Ryszard Malek and Jadwiga Gruzyna Kasprzak.
For further information, please contact:
CEO Charles Høstlund, +47 994 18 449
CFO Ola Loe, + 47 911 79 411
31 October 2016
Norway Royal Salmon ASA