Reference is made to the stock exchange announcements by Arctic Fish Holding AS
(the "Company") on 20 and 21 August 2025 regarding the EUR 35 million private
placement. The private placement was approved by the Company's general meeting
on 4 September 2025. As stated in such announcements, the Company would consider
a subsequent offering towards shareholders who did not participate in the
Private Placement, depending on, among others, development in the market price
of the Company's shares in the period following announcement of the private
placement.
The subscription price in the private placement was set at the closing trading
price of the shares on Euronext Growth Oslo on the day prior to announcement of
the private placement. In the two-week period following this announcement, the
Company's shares have been trading at prices on or around the subscription price
in the private placement. Accordingly, financial dilution is limited and
shareholders have had the chance to acquire shares at prices on or below the
subscription price. The Company's two largest shareholders represent more than
85% of the shares in the Company, and a subsequent offer would thus not affect
the voting majority in the Company. Further, a subsequent offering would be
below EUR 1 million as a prospectus would involve large costs and resources.
For these reasons, the Board of Directors has resolved not to proceed with the
subsequent offering.
For further information, please contact:
CEO: Daníel Jakobsson - Email: dja@afish.is - Tel: +354 820 6827
CFO: Baldur Smári Einarsson - Email: bse@afish.is - Tel: +354 690 1222
Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 10 farming areas in 5 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.