Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2023-11-16 06:53:51
Averøy, Norway, 16 November 2023
With reference to the stock exchange announcement of 15 December 2021 and 29
June 2023.
Nordic Halibut AS ("NOHAL" or "the Company") is pleased to announce that the
second NOK 50 million tranche of the uncommitted options included in the
overdraft facility agreement with Sparebank 1 SR-Bank has now been released.
This increase in the overdraft facility is backed by an Eksfin financing
guarantee, further bolstering the financial resilience of the facility.
The additional release is triggered by a growing biomass and the biological
performance of the Company. This release represents a NOK 50 million
augmentation, raising the current overdraft facility from NOK 150 million to a
new total of NOK 200 million.
The expanded overdraft facility will further enhance NOHAL's available liquidity
and will be utilized to finance the planned growth in biomass. Further options
are outlined to be released in tranches aligned with the planned growth in
biomass towards 4,500 tonnes HOG in 2026.
- We are pleased to release the second performance-linked tranche of our
overdraft facility agreement. This ensures flexibility and financial capacity to
implement our growth plan. Our robust operational performance and systematic
realization of the growth strategy gives confidence in our ability to unleash
the potential of producing sustainable superfood on an industrial scale, says
CEO Edvard Henden.
For more information, please contact:
CEO Edvard Henden
edvard@nordichalibut.no
+47 911 41 165
Or
CFO Kenneth Meyer
kenneth.meyer@nordichalibut.no
+47 452 12 424
About Nordic Halibut AS:
Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target of 4,500 tonnes HOG within 2026
and 10,350 tonnes HOG within 2031. Nordic Halibut will create shareholder value
by pursuing value accretive organic growth through increased production.