Desert Control AS
Desert Control AS
06/17/2021 | Press release | Distributed by Public on 06/17/2021 08:18
Desert Control AS: Purchase of 30 000 shares by board member
Desert Control AS: Purchase of 30 000 shares by board member Sandnes, Norway, 17 June 2021: A member of the board of directors in Desert Control AS ('Desert Control' or the 'Company') have on 17 June 2021 purchased shares in the company. On 17 June 2021, Marit Røed Ødegaard, a member of the board of directors of the Company, has purchased 30,000 shares in the Company at an average price of NOK 15.18. Following the transaction Marit Røed Ødegaard holds a total of 30,000 shares in the Company. Primary insider notification pursuant to the market abuse regulation article 19 are attached. For further information, please contact: Erling Rasmussen, Chief Financial Officer, + 47 482 11 151, [email protected] About Desert Control AS Agriculture and food production consume more than 70% of all available freshwater. When topsoil degrades, water consumption increases further as it permeates through sandy soils like a sieve. Simultaneously, population growth drives the need for more food over the next 40 years than was produced in the last 500 years, putting even more pressure on scarce resources such as water. This is the problem Desert Control is determined to solve. There are tremendous growth opportunities in a market that is growing rapidly. Annually, 12 million hectares of fertile land perish to desertification. Desert Control is a climate technology company specialized in reclaiming degraded soil and turning desert sand into fertile soil. The patented product LNC (Liquid Natural Clay) is a liquid clay compound that enables sand and degraded soil to retain water and nutrients. LNC thus increases crop yields, while consumption of water and fertilizer decreases by up to 50%. This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19.