Atlantic Sapphire (ASA)

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Atlantic Sapphire ASA: Share Capital Increase Registered

Miami, FL, June 10, 2021

Reference is made to the stock exchange notice from Atlantic Sapphire ASA (“Atlantic Sapphire” or the “Company”) on June 4, 2021 regarding completion of a private placement of 10,300,000 new shares (the “Private Placement”).
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The share capital increase relating to the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 1,030,000 through issuance of 10,300,000 new shares, each with a par value of NOK 0.10.

The new share capital is NOK 9,101,335.10 divided by 91,013,551 shares, each with a par value of NOK 0.10.

The shares allocated to the investors in the Private Placement have been settled, on a delivery versus payment basis, by delivery of existing and unencumbered shares in the Company, that are already listed on Oslo Stock Exchange, pursuant to a share lending agreement between certain existing shareholders of the Company, DNB Markets, a part of DNB Bank ASA and the Company. The new shares issued in the Private Placement will consequently be delivered to the share lenders to settle such share lending agreement.

The new shares exceeding 6,705,259 that are issued and delivered to the share lenders as settlement of the share loan will only be converted to the ordinary ISIN of the Company’s shares following approval and publication of a listing prospectus. Consequently, a total of 3,594,471 new shares will initially be issued on a separate ISIN awaiting approval and publication of a listing prospectus.

For further information, please contact:

Johan E. Andreassen
Chairman, Atlantic Sapphire ASA;

Karl Øystein Øyehaug
Managing Director & Interim CFO, Atlantic Sapphire ASA

investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Denmark since 2011 with a strong focus on R&D and innovation to equip the company with technology and procedures that enables the company to commercially scale up production in end markets close to the consumer.

In the US, the company has since 2010 worked to identify and permit the ideal location for Bluehouse® farming in Miami, Florida. The company is close to completion of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually, beginning in Q3, 2020. The company has also secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde

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Atlantic Sapphire ASA: Primary Insider Notification – Redelivery of Shares

Miami, FL, June 14, 2021

Reference is made to the stock exchange notice on 4 June 2021 regarding the successful completion of a private placement raising gross proceeds of approximately USD 121 million (the “Private Placement”) through issuance of new shares (the “Offer Shares”) in Atlantic Sapphire ASA (the “Company”), and the primary insider notification on 4 June 2021 regarding, inter alia, a share lending agreement between Alsco AS, JEA Invest and Vatne Equity AS (as “Share Lenders”) and DNB Markets, a part of DNB Bank ASA (as “Lending Manager”).
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The Lending Manager has now returned all 10,300,000 borrowed shares to the Share Lenders.

Alsco AS is a close associate of chairman Johan E. Andreassen and interim COO Bjørn-Vegard Løvik. JEA Invest AS is a close associate of chairman Johan E. Andreassen. Vatne Equity AS is a close associate of board member Runar Vatne.

Please see the attached forms for further information.

For further information, please contact:

Johan E. Andreassen
Chairman, Atlantic Sapphire ASA;

or

Karl Øystein Øyehaug
Chief Financing Officer & Managing Director, Atlantic Sapphire ASA

investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA
Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Denmark since 2011 with a strong focus on R&D and innovation to equip the company with technology and procedures that enable the company to commercially scale up production in end markets close to the consumer.

In the US, the Company has since 2010 worked to identify and permit the ideal location for Bluehouse® farming in Miami, Florida. The Company is close to completion of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually and performed its first commercial harvest in the US in September 2020. The Company has secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Kilde

[pleximus83]

Johan Andreassen

[pleximus83]

Vakkert!

Johan Andreassen

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Flaggemelding - Atlantic Sapphire

Handelsbanken Fonder AB has on 2021-07-07 sold 13 117 shares in Atlantic Sapphire (ISIN: NO0010768500) and has consequently fallen below the 5% disclosure threshold.

Please find further details below.
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Number of shares | | | |
------------------±--------±--------±--------±--------
| Shares | | Votes |
------------------±--------±--------±--------±--------
| # | % | # | %
------------------±--------±--------±--------±--------
T-1 |4 560 672| 5,0110 |4 560 672| 5,0110
------------------±--------±--------±--------±--------
T |4 547 555| 4,9966 |4 547 555| 4,9966

Kilde

[Silvertailfox]

ikke bra

[trygve-lie]

Et nedsalg fra 4.560.672 til 4.547.555 aksjer. Vil ikke si det er store dramatikken i det.

[rayman]

Ikke noe dramatisk, men de er under flagg grensen

[Jellyshot]

Det er vel et gammelt “trix” å selge et lite ubetydelig antall som “tilfeldigvis” gjør at en havner under flaggrensen. Etter dette er det fritt frem for å dumpe uten noe melding. Kanskje dette de gjør idag?

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Atlantic Sapphire ASA: Q2 2021 trading update

Miami, FL, July 8, 2021

Atlantic Sapphire ASA (the “Company” or “Atlantic Sapphire”) announces its trading update for the quarter ended June 30, 2020.
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Three months ended June 30, 2021:

Revenue per kg of total harvest - USA ~USD11/kg HOG
Revenue per kg for SUP 3kg+ - USA ~USD12/kg HOG

Revenue per kg of total harvest - Denmark ~DKK38/kg HOG
Revenue per kg for SUP 3kg+ - Denmark ~DKK50/kg HOG

In comparison:
Fish Pool commodity salmon price in Q2 2021 ~USD7.6/kg HOG

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Harvest volume – USA: 300t HOG
Biomass gain – USA: ~700t RLW

Harvest volume – Denmark: 250t HOG
Biomass gain – Denmark: ~200t RLW

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As described in the Company’s update presentation published on June 3, 2021, feeding was reduced in the US during Q2 2021 to focus on risk reduction and the implementation of risk mitigation measures. Harvest volumes were also reduced during Q2 to optimize the harvestable biomass for 2021. The product quality and price achievement has improved, driven by higher harvest weights and fewer downgrades as a result of maturation.

In Denmark, the two lead batches that have negatively impacted biomass gain in the first half of 2021 have been harvested out as of June 30, 2021.

The Company’s interim financial statements for the period ended June 30, 2021 will be released on August 27, 2021. The Company also expects to release an update on its strategic approach for future expansions in the US beyond Phase 2 in the second half of 2021.

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For further information, please contact:

Johan E. Andreassen
Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug
Managing Director, Atlantic Sapphire ASA, and Chief Financing Officer, Atlantic Sapphire USA LLC

investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Denmark since 2011 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer.

In the US, the Company has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, which provides the capacity to harvest approximately 10,000 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire has secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.

Kilde

[rayman]

Du er mest sannsynlig inne på noe

[trygve-lie]

Forstår jeg børsmeldingen rett i at de får høyere pris pr kilo, men har slaktet mindre enn i Q1? Og at biomassen nå er større enn biomassen de hadde i Q1.

[JNorway]

Lakseprisene fortsetter å stige: – Det er et godt trykk nå | Intrafish.no

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Atlantic Sapphire ASA: Incident in Atlantic Sapphire’s Denmark facility

Miami, Fl, July 11, 2021

On Friday, July 9, 2021, Atlantic Sapphire Denmark A/S, a wholly-owned subsidiary of Atlantic Sapphire ASA (the “Company” or “Atlantic Sapphire”), had an incident in one of its saltwater growout systems. The other growout system in the Denmark facility was unaffected.
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The Company’s preliminary analysis, which remains subject to change, indicates that maintenance work performed in the filtration system caused water quality to quickly deteriorate, resulting in elevated mortality.

Atlantic Sapphire is continuously improving its operating procedures to ensure that all actions taken by the farm operators do not pose a risk to the stability of the systems, therefore impacting the fish. However, human error altered the water levels in the RAS system and allowed previously stagnant water to flow into the tanks. To minimize the risk of a similar incident reoccurring, the Company has updated certain operating procedures and such changes will take effect immediately.

Further, the system in question had a larger standing biomass than the growout systems in the US (split in two). The Denmark facility had not been split in two, because this modification was not practically possible with the farm fully stocked with fish. Now this modification is possible and will be performed, which will reduce the impact of future mortality events in a system.

Approximately 400 tons (HOG) of fish is expected to be lost, equivalent of around 17% of annualized harvest volumes from the Denmark facility at steady state production. The fish would have been harvestable in H2 2021. The direct financial impact of the incident after expected insurance proceeds is estimated to USD 3 million.

For further information, please contact:

Johan E. Andreassen
Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug
Managing Director, Atlantic Sapphire ASA, and Chief Financing Officer, Atlantic Sapphire USA LLC

investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Denmark since 2011 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer.

In the US, the Company has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, which provides the capacity to harvest approximately 10,000 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire has secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.

Kilde

[pleximus83]

på norsk…

Nytt produksjonsuhell for Atlantic Sapphire - 400 tonn laks tapt

[rayman]

De har jo jaggu hatt mye uflaks også.

[Silvertailfox]

Å nei dette er ikke bra. Jeg har virkelig håpet at de skal få ting til og virke skikkelig. Men når dette er 3 feilen de har så lover ikke dette bra. Det viser at det er vanskelig og få til laks på land i slike volumer.
Med tanke på ferie og at det er lavere omsettning en normalt på børsen kan dette bli ganske ille for ASA aksjen.

[Andyboi]

Hva var DNBs kursmål før emisjonen ?

"ASA: DNB MARKETS NEDJUSTERER KURSMÅL TIL 120 (140), GJENTAR KJØP
Oslo (TDN Direkt): DNB Markets nedjusterer sitt kursmål på Atlantic Sapphire til 120 kroner pr aksje, fra tidligere 140 kroner, og gjentar en kjøpsanbefaling.

Det fremgår av en oppdatering mandag.

Nedjusteringen kommer etter en hendelse i selskapets lokalitet i Danmark, som forårsaket et estimert tap på 400 tonn fisk. Meglerhuset sannsynlighetsberegning for suksess er nedjustert til 60 prosent, fra 70 prosent.

“Slike operasjonelle hendelser gir selskapet en skikkelig motbakke for å vinne tilbake markedstilliten. Den nylige emisjonen på 120 millioner dollar antyder ingen umiddelbar økonomisk risiko, som vil gi tid til å levere i den amerikanske virksomheten, som er nøkkelen til investeringscaset”, skriver meglerhuset."

[trygve-lie]

Om jeg husker rett; Før siste emisjon var vel kursmålet til DNB 140. Målet blei endret fra 180 til 140 etter at de måtte nødslakte i Miami. Rundt jul var vel kursmålet 151.