BioFish Holding AS

12/01/2021 | Press release | Distributed by Public on 12/01/2021 01:03

BioFish – Awilco AS becomes 10 percent owner and will join the Board of Directors

BioFish - Awilco AS becomes 10 percent owner and will join the Board of Directors

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01 Dec 2021 08:00 CET

Company Name

BIOFISH HOLDING AS

ISN

NO0010955198

Market

Euronext Growth

Symbol

BFISH

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BioFish - Awilco AS becomes 10 percent owner and will join the Board of
Directors

We have been informed by Awilco AS that on 30 November Awilco AS increased its
ownership in BioFish Holding to above 10 percent. As a consequence, BioFish will
issue a separate notice of an extraordinary general meeting where Awilco AS will
be invited to join the Board of Directors of the Company. The two main
shareholders of BioFish, Monaco Invest AS and Yme Fish AS, which combined
represents 47.8 percent of the share capital, have both pre-committed to vote in
favor of Awilco AS joining the Board.

Torbjørn Skulstad, CEO of BioFish commented: "Awilco has been our largest
external shareholder since the IPO and we are honored that they have increased
their ownership in BioFish and now will take an active position in the Board of
Directors. The Company's expansion project, which will be completed in steps, is
on schedule and the project is planned to be fully completed by summer 2022.
Once finalized, Biofish can rapidly increase its annual production to 2,200 tons
smolt per year".

Jens-Julius Nygaard, CEO of Awilco AS commented: "BioFish has a proven track
record of producing high quality smolt in an environmentally friendly and more
sustainable way. This is a prerequisite to be successful in this important
industry. We look forward to support the Company on its future growth plans."

For more information please contact:
Torbjørn Skulstad, CEO +47 483 81 546
Tor Haldorsen, Chairman of the board +47 932 26 282

About BioFish: BioFish is a land-based producer of smolt - juvenile fish
destined for aquaculture facilities. The company's production takes place in its
production facility in Kvam on the Norwegian west coast using a Recirculating
Aquaculture System (RAS), which recycles at least 99% of the water used. BioFish
delivers smolt to salmon farms along the entire Norwegian coast and may also
deliver its products to customers across Northern Europe.

About Awilco AS: Awilco AS is a privately owned, industrial investment company
and is a 100% owned subsidiary of Awilhelmsen AS.

More information:
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Source

BioFish Holding AS

Provider

Oslo Børs Newspoint