Atlantic Sapphire ASA: Notifiable Transactions In Connection With Private Placement

Atlantic Sapphire ASA: Notifiable Transactions In Connection With Private Placement

29 Jun 2022 01:01 CEST

Miami, FL, 28 June 2022

Reference is made to the stock exchange notice from Atlantic Sapphire ASA
("Atlantic Sapphire ASA or the "Company") published on 28 June 2022 regarding
the completion of a private placement raising gross proceeds of approximately
NOK 1,231 million (the "Private Placement") through issuance of new shares (the
"Offer Shares") in the Company with a subscription price of NOK 20.50 per Offer
Share (the "Offer Price").

The following persons discharging managerial responsibilities and their close
associates have been allocated Offer Shares in Tranche 2B (as defined in the
stock exchange notice published on 28 June 2022) in the Private Placement at the
Offer Price:

i) Alsco AS, a close associate of Chairman Johan Andreassen, has been allocated
487,804 Offer Shares, for a total subscription amount of NOK 9,999,982.00;
ii) Vatne Equity AS, a close associate of director Runar Vatne, has been
allocated 2,439,024 Offer Shares, for a total subscription amount of NOK
49,999,992.00;
iii) Tone Bjørnov, director, has been allocated 9,756 Offer Shares, for a total
subscription amount of NOK 199,998.00;
iv) ASInvest AS, a close associate of director André Skarbø, has been allocated
701,151 Offer Shares, for a total subscription amount of NOK 14,373,595.50;
v) Karl Øystein Øyehaug, Chief Financing Officer, has been allocated 12,195
Offer Shares, for a total subscription amount of NOK 249,997.50;
vi) Jon-Birger Løvik, Chief Operating Officer, has been allocated 24,390 Offer
Shares, for a total subscription amount of NOK 499,995.00; and
vii) Svein Taklo, Chief Development and Infrastructure Officer, has been
allocated 9,756 Offer Shares, for a total subscription amount of NOK 199,998.00.

In order to facilitate for settlement on a delivery versus payment basis of
Tranche 2A Shares (as defined in the stock exchange notice published on 29 June
2022) in the Private Placement, a share lending agreement has been entered into
between the Company, and its shareholders Alsco AS and JEA Invest AS (the
"Lending Shareholders") and DNB Markets (the "Share Lending Agreement").
Pursuant to the Share Lending Agreement, the Share Lenders have agreed to lend
11,013,310 existing shares in the Company to DNB Markets. Alsco AS and JEA
Invest AS are both close associates of chairman Johan E. Andreassen.

Issuance of the Offer Shares in Tranche 2B is conditional upon approval of the
share capital increase pertaining to Tranche 2B in an extraordinary general
meeting of the Company, to be held on or about 20 July 2022.

Please see attached notification forms for further information.

For further information, please contact:

Johan E. Andreassen
Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug
Managing Director, Atlantic Sapphire ASA, and Chief Financing Officer, Atlantic
Sapphire USA LLC

[email protected]

About Atlantic Sapphire ASA

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire has
been operating its innovation center in Denmark since 2011 with a strong focus
on R&D and innovation to equip the Company with the technology and procedures
that enable the Company to commercially scale up production in end markets close
to the consumer. 

In the US, the Company has identified and obtained the requisite permits to
construct its Bluehouse® in the ideal location in Homestead, Florida, just south
of Miami. The Company has completed Phase 1 construction, which provides the
capacity to harvest approximately 9,500 tons (HOG) of salmon annually. The
Company completed its first commercial harvest in the US in September 2020.
Atlantic Sapphire is currently constructing its Phase 2 expansion, which will
bring total annual production capacity to 25,000 tons, and has a targeted
harvest volume in 2031 of 220,000 tons.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

566003_220628 - PDMR Notification form - Vatne Equity AS(1784075.1).pdf
566003_220628 - PDMR Notification form - Tone Bjørnov(1784079.1).pdf
566003_220628 - PDMR Notification form - Karl Øystein Øyehaug(1784081.1).pdf
566003_220628 - PDMR Notification form - Jon-Birger Løvik(1784082.1).pdf
566003_220628 - PDMR Notification form - Alsco AS(1784071.1).pdf
566003_220628 - PDMR Notification form - Svein Taklo(1784087.1).pdf
566003_220628 - Notification form - JEA Invest AS - Share lending(1784066.1).pdf
566003_220628 - PDMR Notification form - ASInvest AS(1784068.1).pdf

Source

Atlantic Sapphire ASA

Provider

Oslo Børs Newspoint