20250124 TKC - Resolution on share capital increase Tranche 2
Beskrivning
| Land | Nederländerna |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2025-01-24 16:00:00
Kats, Netherlands - January 24, 2025
Reference is made to the stock exchange notice by The Kingfish Company N.V.
("Kingfish" or the "Company") on January 15, 2025 (the "Notice") regarding the
allocation of shares in the fully underwritten private placement of 31,111,112
new shares in the Company at a fixed price of EUR 0.45 per share (the "Offer
Price"), raising gross proceeds of EUR 14 million (the "Private Placement"). All
terms used herein shall have the same meaning as in the Notice.
Pursuant to authorizations granted to the Board by the EGM held earlier today,
January 24, 2025, the Board has today resolved to increase the Company's share
capital by EUR 207,598.57 through the issuance of 20,026,212 Tranche 2 Shares
and 733,645 Underwriting Shares at the Offer Price. The Underwriting Shares are
issued as settlement of the relevant Underwriters' underwriting fee pursuant to
the subscription and underwriting agreement dated December 20, 2024.
Following the execution of private deeds pertaining to the issuance of the
Tranche 2 Shares and the Underwriting Shares, the share capital of Kingfish will
be EUR 1,426,940.48, divided into 142,694,048 shares, each with a par value of
EUR 0.01.
For media and investor inquiries, please contact
press@the-kingfish-company.com
ir@the-kingfish-company.com
About The Kingfish Company
The Kingfish Company is a pioneer and leader in sustainable land-based
aquaculture. Current annual production capacity at its Kingfish Zeeland facility
in the Netherlands is 4,000 tons of high quality and high-value yellowtail
kingfish. Next expansion opportunities are in the Netherlands and the US.
Kingfish Maine is fully permitted by local, state, and federal regulatory
agencies to build an 8,500 tons production facility.
Production is based on advanced recirculating aquaculture systems (RAS), which
protect biodiversity and ensure biosecurity. Animal welfare is paramount, and
the fish is grown without use of antibiotics and vaccines. Operations run on 100
percent renewable electricity, sourced from wind, solar and biogas. The
Company's facilities operate on sea water, avoiding wasting precious fresh
water.
The Kingfish Company's main product, the Yellowtail Kingfish (also known as
ricciola/hiramasa/greater amberjack) is a highly versatile premium fish species,
well known in the Italian and Asian fusion cuisines. Its products are certified
and approved as sustainable and environmentally friendly by Aquaculture
Stewardship Council (ASC), Best Aquaculture Practices (BAP), GLOBAL G.A.P. and
Friend of the Sea.
This information is subject to disclosure requirements pursuant to the Euronext
Growth Rule Book II.