Norcod

[TekBot]

Norcod Successfully Completes Private Placement of 170 million NOK – and gets new Canadian investor on board

Trondheim, February 29th 2024

Norcod AS is thrilled to announce the successful completion of a private placement totaling 170 million Norwegian Kroner (NOK), marked by oversubscription and significant interest from existing and new investors.
…

Vis børsmeldingen

The private placement was executed at a rate of 12 NOK per share, resulting in the issuance of 14.17 million new shares.

The robust support from our existing shareholders, led by Artha and Sirena Group, reflects their enduring commitment to Norcod and its long-term vision. We extend our gratitude to all our existing shareholders who supported for their continued trust and confidence.
In addition to that we are honored and delighted to welcome a new and strong industrial investor into the Norcod family. Leading North American value-added frozen seafood company High Liner Foods, based in Lunenburg Nova Scotia, Canada is investing 5 million USD (app. 52,5 million NOK) into Norcod.
High Liner will receive an approximately 10% share ownership for the investment and a place on the board, which will be assumed by Paul Jewer, President & CEO of High Liner Foods, emphasizing the significance of High Liner’s involvement in Norcod’s journey.

The strategic partnership with High Liner Foods is poised to fortify our presence in the North American market, where we perceive substantial potential for our high-quality fish products.
The commitment from High Liner Foods is a result of a positive assessment of the Norcod management and operations. In a news release issued by High Liner Foods today, Paul Jewer expresses his endorsement and is impressed with Norcod’s leadership team and Norcod’s proven production record and expertise as well.
Statements from Christian Riber, CEO of Norcod, on the successful private placement and entry from High Liner Foods as new investor:

“We are very satisfied on how we have executed the private placement and have achieved to raise the targeted capital. It demonstrates the confidence our investors, existing as well as new ones, have in Norcod’s strategic direction and growth potential. That is really a boost for Norcod going forward.”

”At Norcod we are excited about the addition of High Liner Foods as a strategic partner and as a new investor, which is significant news for Norcod. We are excited about the opportunities this partnership and collaboration brings, especially in strengthening our position in the North American market. Paul Jewer’s presence on Norcod’s board also strengthens our confidence towards the future, where we aim to be a key player in the global seafood industry. Expansion in the North American markets plays a pivotal role in achieving this objective.”

High Liner Foods: A Brief Overview
• High Liner Foods is a 125-year-old family-founded company based in Lunenburg, Nova Scotia, Canada.
• As a leading North American processor and marketer of value-added seafood, Highliner operate processing facilities in Nova Scotia, Virginia, and New Hampshire.

Key facts about High Liner Foods:

• A publicly-traded Canadian company, listed on the Toronto Stock Exchange (XTSE:HLF).
• Well-known and respected brands sold across the United States and Canada, in both the Retail and Foodservice channels.
• Annual turnover of USD 1.1 billion.
• Selling over 250 million pounds (116,000 metric tons) of seafood annually.
• Cod constitutes 20% of the company’s volume, amounting to approximately 23,000 metric tons of finished product.

Kilde

[TekBot]

Key information relating to a potential Subsequent Offering to be carried out by Norcod AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (the “Company”) on 29 February 2024 regarding the successful completion of a private placement of 14,166,667 new shares in the Company at a subscription price of NOK 12 per share (the “Offer Price”) raising gross proceeds of NOK 170 million (the “Private Placement”) and a potential subsequent offering of new shares at a price equal to the Offer Price (the “Subsequent Offering”).
…

Vis børsmeldingen

In accordance with the continuing obligations of companies listed on Euronext Growth Oslo, the following key information is given with respect to the Subsequent Offering:

Date of announcement of the potential Subsequent Offering: 29 February 2024
Last day of trading including right to participate in Subsequent Offering: 29 February 2024
First Date of trading excluding right to participate in Subsequent Offering: 1 March 2024
Record Date: 29 February 2024
Date of approval: On or about 15 March 2024
Maximum number of new shares: 1,333,333
Subscription price: NOK 12.00

For further information, please contact:
Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail: cr@norcod.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).
About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

Kilde

[TekBot]

Correction*: Key information relating to a potential Subsequent Offering to be carried out by Norcod AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (the “Company”) on 29 February 2024 regarding the successful completion of a private placement of 14,166,667 new shares in the Company at a subscription price of NOK 12 per share (the “Offer Price”) raising gross proceeds of NOK 170 million (the “Private Placement”) and a potential subsequent offering of new shares at a price equal to the Offer Price (the “Subsequent Offering”).
…

Vis børsmeldingen

In accordance with the continuing obligations of companies listed on Euronext Growth Oslo, the following key information is given with respect to the Subsequent Offering:

Date of announcement of the potential Subsequent Offering: 29 February 2024
Last day of trading including right to participate in Subsequent Offering: 29 February 2024
First Date of trading excluding right to participate in Subsequent Offering: 1 March 2024
*Record Date: 04 March 2024
Date of approval: On or about 15 March 2024
Maximum number of new shares: 1,333,333
Subscription price: NOK 12.00

For further information, please contact:
Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail: cr@norcod.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

Kilde

[TekBot]

Norcod AS: Notice of extraordinary general meeting in connection with the Private Placement and Subsequent Offering

Reference is made to the stock exchange notice from Norcod AS (the “Company”) on 29 February 2024 regarding the successful completion of a private placement of 14.7 million new shares in the Company at a subscription price of NOK 12 per share (the “Offer Price”) raising gross proceeds of approx. NOK 170 million (the “Private Placement”) and a potential subsequent offering of new shares at a price equal to the Offer Price (the “Subsequent Offering”).

The Company hereby calls for an extraordinary general meeting to be held on 15 March 2024 at 10:00 (CET) at the Company’s premises to resolve:
…

Vis børsmeldingen

(i) Capital increase to issue the shares in the Private Placement;
(ii) Authorisation to carry out the Subsequent Offering; and
(iii) Authorisation to issue shares.

The notice and agenda of the general meeting is attached to this stock exchange announcement and will also be made available on the Company’s webpage.

For further information, please contact:
Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail:
cr@norcod.no

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation
(MAR).

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership
and partnerships is involved in the entire value chain. Norcod’s existing fish
farms are located in Mid-Norway with ideal conditions for cod. The company is
contributing to blue ocean value creation with minimal impact on the environment
while supporting local communities. Norcod is listed on Oslo’s Euronext Growth
market.

Kilde

[TekBot]

NORCOD AS: New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (the
…

Vis børsmeldingen

“Company”) on 29 February 2024 regarding the successful completion of a private
placement of 14,166,667 new shares (the “Offer Shares”) in the Company at a subscription price of NOK
12 per share (the “Offer Price”) raising gross proceeds of approx. NOK 170
million (the “Private Placement”) and a potential subsequent offering of new
shares at a price equal to the Offer Price (the “Subsequent Offering”). The board of directors have resolved to complete the Private Placement by issuance of the Offer Shares in two tranches as follows:

i) one tranche where 1,546,336 Offer Shares are issued based on a board authorisation issued by the general meeting to the board of directors on 12 June 2023 (Tranche 1); and

ii) one tranche where 12,620,331 Offer Shares are issued by the general meeting (Tranche 2).

The general meeting where Offer Shares pertaining to Tranche 2 are issued will be held on 15 March 2024, as noted in the stock exchange notice dated 1 March 2024.

The share capital increase pertaining to the issuance of the Offer Shares under Tranche 1 has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following this, the Company’s registered share capital is NOK 15,487,005.00 divided into 30,974,010 shares, each with a nominal value of NOK 0.50.

For more information, please contact:
Christian Riber, CEO, Norcod AS Tel: +47 905 37 990
E-mail: cr@norcod.no

Arne Kristian Hoset CFO, Norcod AS Tel: +47 988 10 282
E-mail: arne.hoset@norcod.no

About Norcod: Norcod AS’ core business is commercial sea farming of cod but
through ownership and partnerships is involved in the entire value chain.
Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for
cod. The company is contributing to blue ocean value creation with minimal
impact on the environment while supporting local communities. Norcod is listed
on Oslo’s Euronext Growth market.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation
(MAR).

Kilde

[TekBot]

Norcod AS: Minutes from Extraordinary General Meeting

An Extraordinary General Meeting of Norcod AS was held at 10:00 hours (CET) today, 15 March 2024 at the Company’s offices at Thomas Angells gate 22, 7011 Trondheim, Norway.

All items on the agenda were resolved in accordance with the Board of Directors’ proposals as set out in the calling notice attached to the stock exchange announcement published on 01 March 2024.
…

Vis børsmeldingen

Please see attached a copy of the Minutes from the Extraordinary General Meeting.

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

Kilde

[TekBot]

Norcod AS - Primary insider notification

The following close associates of primary insiders were allocated Offer Shares in the Private Placement completed on 29 February March 2024.

Artha Norcod VI A/S (close associate of primary insider and Board Member Jan Severin Sølbæk) was allocated 6 333 333 Offer Shares and will upon issuance of these shares own 11 838 834 shares in the Company.
…

Vis børsmeldingen

Sirena Group AS (close associate of primary insider and board members Peter Buhl and Boe Spurre) was allocated 833 333 Offer Shares and will upon issuance of these shares own 4 189 374 shares in the Company.

The required primary insider notification forms are attached to this message.

About Norcod: Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

This information is subject to disclosure under the Norwegian Securities Act section §5-12.

Kilde

[TekBot]

NORCOD AS: New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

…

Vis børsmeldingen

Reference is made to the stock exchange notice from Norcod AS (the
“Company”) on 29 February 2024 regarding the successful completion of a private
placement of 14,166,667 new shares (the “Offer Shares”) in the Company at a subscription price of NOK
12 per share (the “Offer Price”) raising gross proceeds of approx. NOK 170
million (the “Private Placement”) and a potential subsequent offering of new
shares at a price equal to the Offer Price (the “Subsequent Offering”). The board of directors resolved to complete the Private Placement by issuance of the Offer Shares in two tranches as follows:

i) one tranche where 1,546,336 Offer Shares are issued based on a board authorisation issued by the general meeting to the board of directors on 12 June 2023 (Tranche 1); and

ii) one tranche where 12,620,331 Offer Shares are issued by the general meeting (Tranche 2).

The general meeting issued the Offer Shares pertaining to Tranche 2 on the general meeting held on 15 March 2024.

The share capital increase pertaining to the issuance of the Offer Shares under Tranche 2 has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following this, the Company’s registered share capital is NOK 21,797,170.50 divided into 43,594,341 shares, each with a nominal value of NOK 0.50.

For more information, please contact:
Christian Riber, CEO, Norcod AS Tel: +47 905 37 990
E-mail: cr@norcod.no

Arne Kristian Hoset CFO, Norcod AS Tel: +47 988 10 282
E-mail: arne.hoset@norcod.no

About Norcod: Norcod AS’ core business is commercial sea farming of cod but
through ownership and partnerships is involved in the entire value chain.
Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for
cod. The company is contributing to blue ocean value creation with minimal
impact on the environment while supporting local communities. Norcod is listed
on Oslo’s Euronext Growth market.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation
(MAR).

Kilde

[TekBot]

NORCOD AS: Launch of Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (“Norcod” or the “Company”) on 1 March 2024 with key information in relation to a subsequent offering (the “Subsequent Offering”) of up to 1,333,333 new shares (the “Offer Shares”) at a subscription price of NOK 12 per share (the “Offer Price”). The Offer Price is equal to the offer price in the private placement of new shares that was successfully placed on 29 February 2024 (the “Private Placement”).
…

Vis børsmeldingen

The Company has resolved to proceed with the Subsequent Offering, which may raise total gross proceeds of up to NOK 15,999,996. The Subsequent Offering will be directed towards existing shareholders in the Company as of the end of trading on 29 February 2024, as registered in Euronext Securities Oslo (“VPS”) on 4 March 2024 (the “Record Date”), who (i) were not allocated shares in the Private Placement, (ii) were not included in the pre-sounding phase of the Private Placement, and (iii) are not resident in a jurisdiction where such offering would be unlawful or, would (in jurisdictions other than Norway) require any prospectus, filing, registration or similar action (the “Eligible Shareholders”).

Each Eligible Shareholder will be granted 0.119 subscription rights for each existing share registered as held by such Eligible Shareholder as of the Record Date. Each subscription right will give the right to subscribe for, and be allocated, one (1) share in the Subsequent Offering. Over-subscription is permitted, but the Subsequent Offering is limited to 1,333,333 shares. Subscription without subscription rights is not permitted.

The subscription period for the Subsequent Offering commences on 22 March 2024 at 09:00 CET and ends on 4 April 2024 at 16:30 CET (the “Subscription Period”).
The Company, in consultation with the Manager (as defined below), reserves the right to extend the Subscription Period for the Subsequent Offering at any time and without any prior written notice and at its sole discretion.
The terms and conditions for the Subsequent Offering are set out in a national prospectus prepared by the Company in accordance with the rules in the Securities Trading Act chapter 7 (the “Prospectus”). The Prospectus is available at the Manager’s website: www.abgsc.com

Subscription shall primarily be made through the VPS online subscription system. Eligible Shareholders who are not able to use the VPS online subscription system, may subscribe by correctly completing and signing an application form (attached to the Prospectus), and delivering the same to the Manager (by mail or email) as set out in the application form.

Subscription rights that are not used to subscribe for Offer Shares before the expiry of the Subscription Period will have no value and will lapse without compensation to the holder.
The due date for payment of the Offer Shares is expected to be on 8 April 2024. The Offer Shares will, after registration of the share capital increase in the Norwegian Register of Business Enterprises pertaining to the Offer Shares, be registered in the VPS in book-entry form and are expected to be delivered to the applicant’s VPS account on or about 9 April 2024. The Offer Shares will have equal rights and rank pari passu with the Company’s other shares.

Completion of the Subsequent Offering is subject to (i) all necessary corporate resolutions being validly made by the Company, including the board of directors resolving to consummate the Subsequent Offering and issue and allocate the Offer Shares based on the authorization granted by the extraordinary general meeting of the Company held on 15 March 2024, and (ii) registration of the share capital increase pertaining to the Subsequent Offering with the Norwegian Register of Business Enterprises and delivery of the Offer Shares to the subscribers in the VPS.
ABG Sundal Collier ASA is sole manager for the Subsequent Offering (the “Manager”). Advokatfirmaet Haavind AS is acting as legal counsel to Norcod.

For more information, please contact:

Christian Riber,
CEO, Norcod AS
Tel: +47 905 37 990
E-mail: cr@norcod.no

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

Kilde

[FreddyG]

Norcod nærmer seg et punkt hvor de kan bli lønnsomme, med noe mer vekst. Det lå en del usikkerhet i at de manglet penger til å ekspandere, men med ny kapital og en ny langsiktig eier ser det mer lovende ut.

Usikkerheten rundt finansiering er i hvertfall borte for en stund, så 12kr bør være et bunnivå etter emisjonen. Mye positivt som skjer nå.

Torskeselskap hentet større sum enn først planlagt

[TekBot]

Norcod AS: CFO resignation

Trondheim, April 3rd 2024: Norcod AS today announces that Arne Kristian Hoset has decided to resign as CFO to take on a new position in another company and industry. He will remain in his current role until the end of June, ensuring a smooth and efficient transition for Norcod. The Company has initiated a process to recruit Hoset’s replacement. The Company is very pleased with the job mr. Hoset has done and extends its gratitude to mr. Hoset for his dedicated service.

For further information, please contact:
…

Vis børsmeldingen

Christian Riber, Chief Executive Officer
Phone: +47 905 37 990
E-mail: cr@norcod.no

About Norcod: Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The Company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Euronext Growth Oslo.

Kilde

[TekBot]

NORCOD AS: Last day of subscription period in Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (“Norcod” or the “Company”) on 22 March 2024 regarding the start of the subscription period in the subsequent offering (the “Subsequent Offering”) of up to 1,333,333 new shares (the “Offer Shares”) at a subscription price of NOK 12 per share (the “Offer Price”).
…

Vis børsmeldingen

The subscription period for the Subsequent Offering will expire today at 16:30 CET.

Completed subscription forms must be received by the manager of the Subsequent Offering, ABG Sundal Collier ASA, by the subscription period expiration time. Subscription rights that are not used to subscribe for Offer Shares by the end of the subscription period will have no value and will lapse without compensation to the holder.

For more information, please refer to the prospectus dated 21 March 2024, prepared by the Company in connection with the Subsequent Offering, which is available at www.abgsc.com.

Advisors

ABG Sundal Collier ASA is acting as bookrunner for the Subsequent Offering (the “Manager”). Advokatfirmaet Haavind AS is acting as legal counsel to Norcod.

For more information, please contact:

Christian Riber,
CEO, Norcod AS
Tel: +47 905 37 990
E-mail: cr@norcod.no

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership
and partnerships is involved in the entire value chain. Norcod’s existing fish
farms are located in Mid-Norway with ideal conditions for cod. The company is
contributing to blue ocean value creation with minimal impact on the environment
while supporting local communities. Norcod is listed on Oslo’s Euronext Growth
market.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation
(MAR).

Kilde

[TekBot]

NORCOD AS: Preliminary result of Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (“Norcod” or the “Company”) on 22 March 2024 regarding the start of the subscription period in the subsequent offering (the “Subsequent Offering”) of up to 1,333,333 new shares (the “Offer Shares”) at a subscription price of NOK 12 per share (the “Offer Price”).
…

Vis børsmeldingen

The subscription period for the Subsequent Offering ended today at 16:30 CET. At the expiry of the subscription period the Company has received subscriptions for approximately 214,232 shares in the Subsequent Offering.

The allocation of the Offer Shares will be resolved in accordance with the prospectus dated 21 March 2024. The final result of the Subsequent Offering will be published shortly thereafter, and letters regarding allocation of Offer Shares and the corresponding subscription amount to be paid by each eligible shareholder who has subscribed for Offer Shares in the Subsequent Offering, will be distributed on or about 5 April 2024.

ABG Sundal Collier ASA is acting as bookrunner for the Subsequent Offering (the “Manager”). Advokatfirmaet Haavind AS is acting as legal counsel to Norcod.

For more information, please contact:

Christian Riber,
CEO, Norcod AS
Tel: +47 905 37 990
E-mail: cr@norcod.no

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership
and partnerships is involved in the entire value chain. Norcod’s existing fish
farms are located in Mid-Norway with ideal conditions for cod. The company is
contributing to blue ocean value creation with minimal impact on the environment
while supporting local communities. Norcod is listed on Oslo’s Euronext Growth
market.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation
(MAR).

Kilde

[TekBot]

NORCOD AS: Final result of Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (“Norcod” or the “Company”) on 22 March 2024 regarding the start of the subscription period in the subsequent offering (the “Subsequent Offering”) of up to 1,333,333 new shares (the “Offer Shares”) at a subscription price of NOK 12 per share (the “Offer Price”).
…

Vis børsmeldingen

The subscription period for the Subsequent Offering ended on Thursday 4 April at 16:30 CET. By the end of the subscription period, the Company had received valid subscriptions for approximately 208,823 shares in the Subsequent Offering. The board of the Company has today resolved that a total of 208,823 offer shares will be allocated at the Offer Price in accordance with the allocation criteria set out in the registration prospectus, raising gross proceeds of NOK 2,505,876.

Notifications of allocated Offer Shares in the Subsequent Offering and the corresponding amount to be paid by each subscriber will be sent out in a separate letter to each subscriber. Investors that are allocated Offer Shares can access information on the number of Offer Shares allocated through VPS on 8 April 2024. The due date for payment of the Offer Shares is on 8 April 2024.

Subject to duly and timely payment of the Offer Shares by the subscribers, the share capital increase pertaining to the Offer Shares is expected to be registered in the Norwegian Register of Business Enterprises on or about 9 April 2024 and will be delivered to the VPS accounts of the subscribers shortly thereafter. The Offer Shares will have equal rights and rank pari passu with the Company’s other shares.

ABG Sundal Collier ASA is acting as bookrunner for the Subsequent Offering (the “Manager”). Advokatfirmaet Haavind AS is acting as legal counsel to Norcod.
For more information, please contact:

Christian Riber,
CEO, Norcod AS
Tel: +47 905 37 990
E-mail: cr@norcod.no

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth
market.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

Kilde

[TekBot]

NORCOD AS: New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (the
…

Vis børsmeldingen

“Company”) on 5 April 2024 regarding the final results of a subsequent offering and offer of 208,823 new shares (the “Offer Shares”) in the Company at a subscription price of NOK
12 per share (the “Offer Price”) raising gross proceeds of approx. NOK 2.5 million (the “Subsequent Offering”).

The share capital increase pertaining to the issuance of the Offer Shares in the Subsequent Offering has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following this, the Company’s registered share capital is NOK 21,901,582 divided into 43,803,164 shares, each with a nominal value of NOK 0.50.

For more information, please contact:
Christian Riber, CEO, Norcod AS Tel: +47 905 37 990
E-mail: cr@norcod.no

Arne Kristian Hoset CFO, Norcod AS Tel: +47 988 10 282
E-mail: arne.hoset@norcod.no

About Norcod: Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

Kilde

[TekBot]

Norcod AS: 2023 Annual report

Norcod has today published its Annual Report for 2023. Financial and strategic highlights are summarized below.

During 2023, Norcod harvested 6 155 tons of WFE and total revenues ended at 269 MNOK, up from 171 MNOK in 2022. Operating expenses ended at 524 MNOK, up from 294 MNOK in 2022.
…

Vis børsmeldingen

During the year, the company made capacity adjustments to align future production with the revised growth strategy that was communicated during Q1-24. The increase in OPEX is mainly explained by one-time items from the abovementioned capacity adjustments and the accelerated harvesting that was executed during the first half of the year. Additionally, OPEX was impacted by a general price increase on feed, labor and raw materials. Net loss for the period ended on 246 MNOK, down from 297 MNOK in 2022.

In order to align operational processes with the revised growth strategy, Norcod will during 2024 initiate measures to focus resources in key areas and improve the company’s financial performance. The company’s ambition is to streamline operations and establish a more efficient and commercially oriented business.

The report is attached in PDF and available on https://norcod.no/.
For further information, please contact:

Christian Riber, Chief Executive Officer, phone: +47 905 37 990
E-mail: cr@norcod.no

Arne Kristian Hoset, Chief Financial Officer, phone: +47 988 10 282
E-mail: arne.hoset@norcod.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).
About Norcod: Norcod AS’ core business is commercial sea farming of cod. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

Kilde

[TekBot]

Financial calendar

Financial calendar for Norcod AS

FINANCIAL YEAR 2024
…

Vis børsmeldingen

06.06.2024 - Quarterly Report - Q1
14.06.2024 - Annual General Meeting
20.08.2024 - Half-yearly report
14.11.2024 - Quarterly Report - Q3
13.02.2025 - Quarterly report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

Norcod AS: Notice of Annual General Meeting

Trondheim, 31 May 2024:

The annual general meeting of Norcod AS will be held on Friday 14 June 2024 at 10:00 (CET) in Thomas Angells gate 22, 7011 Trondheim, Norway. Please find attached notice of the annual general meeting and attendance/proxy form.
…

Vis børsmeldingen

Shareholders that wish to participate in the annual general meeting must register participation by returning the registration form for attendance in Appendix 2 to arne.hoset@norcod.no. The shareholders will have the opportunity to observe the general meeting through Teams and are encouraged to make use of the possibility to vote in advance and appoint a proxy through the form attached hereto as Appendix 3. The possibility to observe the general meeting is given by use of the following link: https://teams.microsoft.com/l/meetup-join/19%3Ameeting_MmYxMDNiNTEtYTA3MS00MjMzLTk4OGMtZTUzM2NjZDQ3YjQw%40thread.v2/0?context={"Tid"%3A"79a58c32-6f4c-4071-a8b3-a1f3c4e97bfc"%2C"Oid"%3A"d1e74162-c27d-4f74-b0dc-0ca97d849183"%2C"IsBroadcastMeeting"%3Atrue%2C"role"%3A"a"}&btype=a&role=a

For further information, please contact:
Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail: cr@norcod.no

Arne Kristian Hoset, Chief Financial Officer, phone: +47 988 10 282, E-mail: arne.hoset@norcod.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

About Norcod: Norcod AS’ core business is commercial sea farming of cod through ownership and partnerships in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

Kilde

[TekBot]

Norcod AS: Norcod granted 75 million NOK in additional credit – improving financial and operational headroom

Norcod today announces that it has been granted 75 million NOK in additional credit from its main bank DNB and Export Finance Norway. The additional credit increases the company’s financial and operational headroom, efficiently serving as predictable funding for future biomass investments. The increased credit line adds on to the financial measures that the company achieved and announced during the first quarter of 2024.

“This additional credit of 75 million NOK truly shows that our main bank has strong belief in Norcod and our strategy on fine tuning our biology, developing the market and positioning our product in a premium niche category. DNB and Export Finance Norway are important partners to us, and I am excited and grateful for their commitment”, says Christian Riber, CEO of Norcod.
…

Vis børsmeldingen

“During the first half of 2024, we have worked diligently to improve our financial capacity. In the first quarter, we successfully increased our operational liquidity by 169 million NOK from private placement and subsequent repair offering. This additional credit of 75 million NOK comes on top. Combined with the investments in biomass and the cost reducing value chain integration and other financial measures that we have executed during the last twelve months, Norcod has taken significant financial steps forward” says Arne Kristian Hoset, CFO of Norcod.

The additional credit is facilitated by Norcod’s main bank DNB and will be available for the company from September 2024.

For further information, please contact:

Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail: cr@norcod.no

Arne Kristian Hoset, Chief Financial Officer, phone: +47 988 10 282, E-mail: arne.hoset@norcod.no

About Norcod: Norcod AS’ core business is commercial sea farming of cod. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

Kilde

[TekBot]

Norcod AS: Q1-24 Financial report

(Trondheim, June 6, 2024)

Norcod has today published its financial report for the first quarter of 2024. Financial and operational highlights are summarized below:
…

Vis børsmeldingen

• 118 MNOK in revenues, down 5% from 125 MNOK in Q1-23
• 48 MNOK in operating loss, 46% improvement from 88 MNOK in Q1-23
• Production cost NOK 39,75 per kg WFE
• 2 765 tons WFE harvested, down 17% from 3 362 tons WFE in Q1-23
• Accumulated BFCR 0.97 and EFCR 1.08 on harvested biomass
• China entry – attractive market opportunities lying ahead
• Executed measures to improve financial robustness and enable further growth – 174 MNOK in gross proceeds from private placement and subsequent offering

During the quarter, Norcod has harvested cod from the sites Jamnungen (Frøya Municipality) and Forså (Ibestad Municipality). The cod has been harvested at Norcod’s harvesting facility Kråkøy Slakteri. Accumulated biological feed conversion ratio in the harvested biomass is 0.97. Accumulated economic feed conversion ratio in the harvested biomass is 1.08. 91% of the harvested volume holds superior quality.

At the end of the quarter, Norcod’s biomass at sea totaled 6 599 tons. Net growth during the quarter is 1 586 tonnes, amid heavy investments in biomass and a satisfactory feed conversion rate and stable and predictable mortality.

According to officially reported statistics, Norcod’s share of total export volume of harvested cod during the quarter was 65%, and at the end of the quarter, Norcod holds 50% of the total biomass volume. Norcod’s main market during 2023 has been Central and Western Europe. During the quarter, Norcod has been granted a new contract with a Chinese customer at favorable market prices, and Norcod has an ambition to strengthen its market position in the Chinese market during 2024.

Outlook:

The company’s key tasks going forward are two-fold: Firstly, a continued vigilant focus on cod biology and fine tuning of the feeding regime, the production processes, and the utilization of production capacity. Secondly, stepping up efforts to develop the market and positioning our product in a premium niche category, with corresponding sales prices and contracts.

Continued focus in these two areas will enable us to deliver on our number one priority of achieving profitability at current production levels. Beyond this goal, we will take a step-by-step approach to building up volume in line with market demand at favorable sales prices.

In order to align operational processes with the company’s revised growth strategy, Norcod will during 2024 initiate measures to focus resources in key areas and improve the company’s financial performance. The company’s ambition is to streamline operations and develop a more efficient and commercially oriented business.
For other details and comments, see the financial report for Q1-24. The report is attached in PDF and is available on https://norcod.no/.

For further information, please contact:

Christian Riber, Chief Executive Officer, phone: +47 905 37 990 E-mail: cr@norcod.no

Arne Kristian Hoset, Chief Financial Officer, phone: +47 988 10 282 E-mail: arne.hoset@norcod.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

About Norcod: Norcod AS’ core business is commercial sea farming of cod. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

Kilde