NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange notice from Norcod AS (the "Company") on 12 May 2026 regarding the successful completion of a private placement of 8,508,577 new shares in the Company at a subscription price of NOK 10 per share (the "Offer Price") raising, together with the shareholder loan from Jerónimo Martins Agro-Alimentar S.A, total gross proceeds of approximately NOK 100 million (the "Private Placement") and a potential subsequent offering of new shares at a price equal to the Offer Price (the "Subsequent Offering").
The share capital increase pertaining to the issuance of the Offer Shares under the Private Placement has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following this, the Company's registered share capital is NOK 39,437,802 divided into 78,875,604 shares, each with a nominal value of NOK 0.50.
For additional information, please contact:
Christian Riber, CEO Tel: +47 905 37 990, E-mail: cr@norcod.no
Stian Hansen, CFO Tel: +47 481 78 846, E-mail: sh@norcod.no
About Norcod:
Norcod's core business is commercial sea farming of cod and is involved in the entire value chain through ownership and partnerships. Norcod's existing fish farms are located in Mid-Norway and along the Helgeland coast with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo's Euronext Growth market.