DSRT: (Correction) Purchase of 63 000 shares by Chief Technology Officer
2021-07-05 09:38:12
Desert Control AS: Purchase of 63 000 shares by Chief Technology Officer
Sandnes, Norway, 5 July 2021: Tor Mæhlum Karlsen, Chief Technology Officer in
Desert Control AS
("Desert Control" or the "Company") have on 5 July 2021 purchased shares in the
company.
On 5 July 2021, Tor Mæhlum Karlsen, of the Company management team, participated
in a share
issue in the Company for shares at par value NOK 0.003. The share issue is
initiated as a part of the
Company's incentive program for management. Following the transaction Tor Mæhlum
Karlsen holds a total of 73,000 shares in the Company.
Primary insider notification pursuant to the market abuse regulation article 19
are attached.
For further information, please contact:
Erling Rasmussen, Chief Financial Officer,
+ 47 482 11 151,
erling.rasmussen@desertcontrol.com
About Desert Control AS
Agriculture and food production consume more than 70% of all available
freshwater. When topsoil
degrades, water consumption increases further as it permeates through sandy
soils like a sieve.
Simultaneously, population growth drives the need for more food over the next 40
years than was
produced in the last 500 years, putting even more pressure on scarce resources
such as water. This is
the problem Desert Control is determined to solve. There are tremendous growth
opportunities in a
market that is growing rapidly. Annually, 12 million hectares of fertile land
perish to desertification.
Desert Control is a climate technology company specialized in reclaiming
degraded soil and turning
desert sand into fertile soil. The patented product LNC (Liquid Natural Clay) is
a liquid clay compound
that enables sand and degraded soil to retain water and nutrients. LNC thus
increases crop yields,
while consumption of water and fertilizer decreases by up to 50%.
This information is subject to the disclosure requirements pursuant to the
market abuse regulation
article 19.