Kurs & Likviditet
Beskrivning
| Land | USA |
|---|---|
| Lista | OB Match |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2023-09-19 16:31:15
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Miami, FL, 19 September 2023
Atlantic Sapphire ASA ("Atlantic Sapphire" or the "Company", and together with
its consolidated subsidiaries, the "Group") has retained Arctic Securities AS
and DNB Markets, a part of DNB Bank ASA (the "Managers") as Joint Bookrunners in
connection with a private placement (the "Private Placement") to raise gross
proceeds of the NOK equivalent of approximately USD 65 million in new shares to
be issued by the Company (the "Offer Shares"). The price per Offer Share in the
Private Placement is set to a fixed price of NOK 1.40 (the "Offer Price").
Based on a limited wall-crossing exercise prior to launch, the Managers have
received indications of interest to subscribe for Offer Shares so that the
Private Placement is covered on indications of interest at the start of the
application period.
The net proceeds from the Private Placement will be used to reach an estimated
EBITDA break-even for Phase 1 during H1 2024, with a cash buffer. The Company
will deploy rental chillers estimated to bring water temperatures back to
budgeted levels. The Company may upon satisfactory system performance seek to
eliminate chiller rental costs by utilizing excess buffer towards finalizing
investment in the new Phase 1 & 2 chiller plant.
The following existing shareholders have pre-committed to subscribe for Offer
Shares in the Private Placement:
o Condire Investors, LLC for the NOK equivalent of minimum USD 12.5 million
o Nordlaks Holding AS, one the largest and most profitable family-owned salmon
farming companies in the world, for the NOK equivalent of USD 9 million
o Strawberry Equities AS for its pro-rata share (8.34% of the Private Placement)
o Blue Future Holding AS owned by EW Group, a leading global provider of animal
genetics, nutrition and health products, for its pro-rata share (3.84% of the
Private Placement)
Further, the following primary insiders and employees have pre-committed to
subscribe for Offer Shares in the Private Placement:
- André Skarbø, board member, through his company ASInvest AS, for its pro-rata
share (1.08% of the Private Placement)