Bakkafrost CEO buys 11,700 shares.
Bakkafrost CEO Regin Jacobsen, has bought 11,700 Bakkafrost shares at NOK 422.866 ($41.02) per share, a total consideration of NOK 4,947,532.20 ($480,000). After the transaction, Jacobsen holds 4,656,337 shares directly and indirectly through SP/F 1968. The deal was disclosed under sections 4-2 and 5-12 of the Norwegian Securities Trading Act.
The purchase follows Bakkafrost’s second-quarter results on 26 August, when the group reported operational EBIT of DKK 65 million ($10.4m/€8.45m), weighed by a DKK 146 million ($23.36m/€18.98m) loss in Scotland linked to freshwater fish-health issues. “We are not satisfied with the financial results this quarter,” Jacobsen said at the time.
Bakkafrost has moved Scottish freshwater operations under its Faroese organisational structure and strengthened site management at Applecross with experienced staff from the Faroe Islands. The company said the Faroese operation delivered record biological performance and raised full-year harvest guidance to 104,000 tonnes.
