$100m private placement in Atlantic Sapphire

Landbased salmon farmer issues new shares.

Through the private placement, the company is offering new shares for gross proceeds of the NOK equivalent of approximately USD 100 million, representing approximately 12.3 per-cent of the outstanding capital at current share price levels.

The price in the private placement will be determined through an accelerated book-building process.

The net proceeds of the private placement will be used for:
* Partly repayment and cancellation of existing credit facility (USD 20m term loan) and repayment and cancellation of USD 30m in short-term facility – in total USD 50m in repayment to DNB Bank.
* Strengthen balance sheet and general corporate purposes.
* Acceleration of further expansion.

The bookbuilding period for the private placement closes on 10 September at 08:00 CEST.

Earlier today, Atlantic Sapphire annonced the step-down of Jose Prado from his position as CFO. Karl Ø. Øyehaug is appointed as Interim CFO of the Company.


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