SalMar Expands Presence with New Share Issuance and Acquisition

Author: Addison Perry Updated: 03-06-2025 02:45 AM

SalMar's Strategic Acquisition of Aker Ocean Shares

Recently, SalMar ASA has taken significant steps to solidify its standing as a global leader in the salmon industry. The company has announced a strategic acquisition involving Aker Capital AS's 15 percent stake in SalMar Aker Ocean AS. This acquisition marks an essential milestone in SalMar's mission to enhance its operational capabilities and expand its influence in offshore aquaculture.

Details of the Transaction

The settlement of this acquisition will utilize a combination of cash and newly issued shares. Specifically, SalMar plans to issue 1 million new shares at a subscription price of NOK 574 per share, referred to as the Consideration Shares. This dual approach not only provides immediate liquidity but also aligns the interests of existing and new investors alike.

Board Approval for Share Issuance

In a recent board meeting, the directors of SalMar confirmed the issuance of the Consideration Shares as part of the acquisition settlement. This decision comes under an authorisation that has been duly registered in the Norwegian Register of Business Enterprises. Such measures are designed to ensure compliance and transparency throughout the process.

Impact on SalMar's Capital Structure

The issuance of these new shares will lead to an increase in SalMar's share capital to NOK 33,438,893. This change reflects the company’s continued growth, driven by strategic acquisitions and innovative farming practices. The total number of shares will rise to 133,755,572, with each share maintaining a par value of NOK 0.25.

Future Implications for Shareholders

As SalMar advances its operations through this acquisition, shareholders can expect enhanced value and improved performance. The planned increase in share capital is a positive indicator of the company's commitment to long-term growth and stability in a competitive market.

About SalMar ASA

Founded on principles of sustainability and efficiency, SalMar is recognized as one of the largest producers of salmon globally. The company's farming operations extend across Central and Northern Norway, as well as Iceland. SalMar is deeply invested in the sector, encompassing substantial harvesting and secondary processing operations.

Innovative Aquaculture Solutions

Through its subsidiary, SalMar Aker Ocean, the company is pioneering advancements in offshore aquaculture. This innovation not only contributes to the salmon industry but also enhances ecological practices in marine farming.

Contact Information

For additional details regarding this transaction or the company’s operations, please reach out to:

Ulrik Steinvik, CFO
Tel: +47 900 84 538
Email: ulrik.steinvik@salmar.no

Håkon Husby, Head of Investor Relations
Tel: +47 936 30 449
Email: hakon.husby@salmar.no

Frequently Asked Questions

What is the significance of SalMar's acquisition of Aker Ocean shares?

This acquisition enhances SalMar's foothold in the aquaculture sector, particularly in offshore operations.

How will the new share issuance affect existing shareholders?

The issuance aims to provide liquidity and may enhance shareholder value in the long run.

What is the total share capital of SalMar after the issuance?

After the issuance of new shares, SalMar's share capital will increase to NOK 33,438,893.

Who can I contact for more information about SalMar?

For inquiries, you can contact Ulrik Steinvik or Håkon Husby through the provided contact details.

Where can I find more information about SalMar’s operations?

Further information can be available on SalMar's website at www.salmar.no.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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