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Salmon Evolution ASA: Notice of Extraordinary General Meeting

19 April 2023: Reference is made to the stock exchange announcements by Salmon Evolution ASA (“Salmon Evolution” or the “Company”) on 19 April 2023 regarding a successfully placed private placement (the “Private Placement”) of new shares in the Company, and a potential subsequent offering (the “Subsequent Offering”).

Salmon Evolution hereby calls for an extraordinary general meeting (“EGM”) in the Company to be held on 11 May 2023 at 11:00 (Oslo time), where the approval of share capital increase pertaining to tranche 2 of the Private Placement and a board authorization to issue new shares for the potential Subsequent Offering are on the agenda.

Please find attached the following documents:

–              Notice of the EGM

–              The Board of Directors’ proposed resolutions

–              Proxy form

The attached documents to this announcement are also available on the Company’s website www.salmonevolution.no.

The meeting will be conducted as a virtual meeting only, accessible online via Lumi AGM. All shareholders will be able to participate in the meeting, vote and ask questions from smartphones, tablets or desktop devices. For further information regarding the virtual participation, please see guidelines made available on the Company’s website www.salmonevolution.no.

 

For more information, please contact:

Trond Håkon Schaug-Pettersen, CEO: +47 911 91 327

 

About Salmon Evolution

Salmon Evolution is a Norwegian land-based salmon farming company targeting a production capacity of 100,000 tonnes HOG by 2032. The Company’s core focus is on extending the ocean’s potential by transferring the best preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). This secures a truly sustainable production process with controlled and optimal growth conditions and limiting operational and biological risk.

The Company’s first production facility is strategically located at Indre Harøy on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure, and an educated and experienced work force. Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes HOG at steady state. Fully developed, the Indre Harøy facility will have an annual capacity of 31,500 tonnes HOG.

The Company has also entered into a joint venture with Dongwon Industries where the parties will develop, construct and operate a land-based salmon farming facility in South Korea with an annual production capacity of 16,800 tonnes HOG, using Salmon Evolution’s chosen HFS technology.

Furthermore, Salmon Evolution has initiated a process with the aim of establishing a land-based salmon farming operation in North America.

Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.

To learn more, please visit www.salmonevolution.no.

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