Andfjord Salmon AS ( (DE:50R) ) has shared an announcement.
Andfjord Salmon has announced a subsequent offering of up to 1,714,286 new shares at NOK 35 per share, aiming to raise approximately NOK 60 million. This offering is directed towards shareholders as of 26 February 2025 who were not allocated shares in the previous private placement. The subscription period runs from 21 March to 31 March 2025, with the allocation of shares expected by 1 April 2025. This move is part of the company’s strategy to enhance its capital structure and support its sustainable aquaculture operations, potentially strengthening its market position and providing opportunities for current shareholders to increase their investment.
More about Andfjord Salmon AS
Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing the world’s most sustainable and fish-friendly aquaculture facility of its kind. Through a proprietary flow-through system, Andfjord Salmon combines the best from ocean and land-based salmon farming. In its first production cycle, the company achieved an industry-leading survival rate of 97.5 percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and required 1 kWh to produce one kilo of salmon.
YTD Price Performance: -10.18%
Average Trading Volume: 10
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €203.5M
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