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|---|---|
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| Sektor | Handel & varor |
| Industri | Dagligvaror |
23.9.2024 11:49:36 CEST | Andfjord Salmon | Non-regulatory press releases
Andfjord Holding AS has completed a block transaction with Jeronimo Martins Agroalimentar, SA (JMA) involving the sale of 2,000,000 shares in Andfjord Salmon Group AS. JMA, the largest shareholder in Andfjord Salmon Group AS, has acquired these shares at a price of NOK 30.00 per share, calculated based on the average Volume-Weighted Average Price (VWAP) over 30, 60, and 90-day periods.
Transaction Details
The 2,000,000 shares represent approximately 2.95% of the total outstanding shares in Andfjord Salmon Group AS.
Shareholding Structure Before the Transaction:
- Andfjord Holding AS: 6,858,680 shares (10.15%)
- JMA: 16,959,855 shares (25.08%)
Shareholding Structure After the Transaction:
- Andfjord Holding AS: 4,858,680 shares (7.18%)
- JMA: 18,959,855 shares (28.03%)
This transaction serves strategic purposes for both parties.
For Andfjord Holding AS, the proceeds from the block sale will relief the company from the pressure of managing its wealth tax obligations, while allowing it to reduce its debt, which was tied to its forward exposure in Andfjord Salmon Group AS, covering approximately 2,000,000 shares. Following this transaction, Andfjord Holding AS will no longer have shares on forward contracts and thus no debt related to its ownership in Andfjord Salmon Group AS.
For JMA this acquisition reflects its confidence on a strategic project with given proofs in terms of quality and high-level standards of production. The sustainable innovation culture inherent to Andfjord Salmon Group AS is a valuable source of knowledge and inspiration to JMA.
Roy Petterssen, CEO of Andfjord Holding AS, who will remain as Board Member and shareholder of Andfjord Salmon Group AS, stated:
"We are very pleased that JMA is the buyer of these shares. JMA has been a key partner from the start, and their contributions at the board level have been instrumental to the success of Andfjord Salmon Group AS."
This transaction further strengthens the sense of long-term commitment of Andfjord Holding AS and of JMA to support the company’s growth and future development, well beyond the ownership structure.
About Andfjord Salmon Group AS
Andfjord Salmon Group AS is a leading company in sustainable salmon farming, known for its innovative and environmentally friendly aquaculture practices. The company is listed on the [Relevant Stock Exchange], with operations designed to meet the highest standards in sustainable seafood production.
About Jeronimo Martins Agroalimentar (JMA)
Jeronimo Martins Agroalimentar (JMA) is a subsidiary of the Jeronimo Martins Group, a multinational food distribution and manufacturing holding. JMA focuses on sustainable food production and innovation, leveraging its experience in the agri-food sector to deliver high-quality products.
Contacts
- Investors: Bjarne Martinsen, CFO, Andfjord Salmon AS, +47 975 08 345, bjarne.martinsen@andfjord.no
- Media: Martin Rasmussen, CEO, Andfjord Salmon AS, +47 975 08 665, martin@andfjord.no