Proximar Seafood (PROXI)

TekBot · mars 31, 2022, 6:04am

Proximar awarded highest rating on sustainability by leading Japanese credit rating agency

Japan/Norway 31st of March 2021

Proximar Seafood AS has been awarded top rating for the company’s sustainability work by the recognised Japan Credit Rating Agency (JCR).
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“We believe that our commitment to produce salmon in a sustainable way and in proximity to the market will be our long-term advantage. It’s a major recognition for our entire team that a renowned rating agency in Japan rates Proximar with the highest score possible”, says Joachim Nielsen, CEO of Proximar Seafood.

Highest rating
Japan Credit Rating Agency has reviewed the “Greenness and Social Beneficial Impacts" and the "Management, Operation, and Transparency” of Proximar’s sustainability framework. The highest rating “SU1(F)” was assigned. The framework meets the standards for the items required by important credit market principles such as the Green Bond Principles, the Social Bond Principles, Sustainability Bond Guidelines, the Green Loan Principles, the Green Bond Guidelines and the Green Loan and Sustainability Linked Loan Guidelines by the Japanese Ministry of the Environment. Japan Credit Rating Agency’s evaluation of Proximar states:

The project is expected to bring social benefits from the following viewpoints: (1) preventing marine pollution and conserving biodiversity; (2) food security and sustainable food supply for consumers; and (3) revitalization of local industries.

Increased attention
Last year, Proximar Seafood received the Dark Green shading by Cicero, a great acknowledgement of the project as a solution that resonates with the long-term vision of a low-carbon and climate-resilient future.

“Over the past couple of years, awareness of environmental, social and corporate governance (ESG) issues have increased among Japanese consumers. Japanese financial institutions are becoming more concerned about ESG in their debt portfolio and internal decision processes. The focus on details is immense and using a reputable Japanese rating agency is important for these institutions going forward,” says Joachim Nielsen, CEO of Proximar Seafood.

“Proximar’s vision is to be a leading provider of sustainably produced seafood and contribute to feed a growing population with proteins. Although the core business of land-based salmon farming avoids many environmental issues related to traditional seafood production, addressing the remaining environmental challenges is at the top of our agenda,” says Vivian Lunde, Director ESG and Business Operations.

The JCR report will be presented in both Japanese and English and will be made available on www.proximar.com

Proximar’s production
Proximar’s land-based production takes place in a fully closed environment with minimal environmental footprint, both locally and globally, securing a sustainable and safe product. This type of facility ensures high quality production and stable harvest volumes all-year round, ensuring better feed efficiency due to faster growth and lower mortality. The facility will make minimal use of water, electricity and additives, with 99.7 per cent of water recycled, efficiently reducing freshwater consumption and wastewater volume. Proximity to the market eliminates the need for air freight and enables an unparalleled product freshness.

For more information, please contact:
Joachim Nielsen, CEO, +47 92 85 55 59, [email protected]
Pål K. Grimsrud, CFO, +47 99 47 75 99, [email protected]
Vivian Lunde, Director ESG and Business Operations, +47 95 26 12 07, [email protected]

About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, the company will serve the Japanese market with fresh Atlantic Salmon, harvested the same day. Proximar’s location, in one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.

Kilde

TekBot · april 7, 2022, 1:12pm

Proximar Seafood AS - Minutes from the AGM 2022: Viggo Halseth and Peter Hermanrud elected as new board members

Bergen, 7 April 2022

The annual general meeting of Proximar Seafood AS was held on 7 April 2022. All proposals on the agenda were adopted, cf. the notice of the annual general meeting that was sent to the Oslo Stock Exchange on 30 March 2022. The annual general meeting elected two new board members, Viggo Halseth and Peter Hermanrud.
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“Attracting top candidates and senior executives to the company’s management group and to the board of directors is key for realizing our plans to serve fresh salmon to Japanese consumers. Both Halseth and Hermanrud have valuable experience for the stages we are entering,” says CEO of Proximar, Joachim Nielsen.

• Viggo Halseth has for the last 37 years worked for the global aquaculture feed supplier Skretting/Nutreco, most recently as Chief Innovation Officer. Previously, he was the CEO of Skretting Norway, and has experience from investments in the RAS technology.

• Peter Hermanrud has a long career within finance, including Chief Strategist at renowned investment banks such as First Securities, Swedbank and Sparebank 1 Markets. Today, he is working as a private investor.

The new Board of Directors now comprises of Katrine Trovik (chair), Per Grieg, Viggo Halseth, Peter Hermanrud and Fridtjof Falck.

“Our two new board directors provide extensive experience from the aquaculture industry and capital markets, both areas important for the company in time to come”, Nielsen adds.

The minutes of the annual general meeting is attached and will be available on www.proximar.com.

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

For further information, please contact:
Pål Grimsrud, CFO, Proximar Seafood AS
Phone: +47 994 77 599
E-mail: [email protected]

About Proximar:
About Proximar Seafood Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, the company will serve the Japanese market with fresh Atlantic Salmon, harvested the same day. Proximar’s location, in one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.

Kilde

TekBot · april 18, 2022, 7:10am

Market making agreement with SpareBank 1 Markets AS

Proximar Seafood AS has entered into a market making agreement with SpareBank 1 Markets AS. The purpose of the agreement is to enhance liquidity in the trading of the company’s shares. The agreement is in accordance with the standard requirements of Euronext Oslo Stock Exchange. First day of market making will be 19th of April 2022.

For further information, please contact:
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Pål Grimsrud, CFO, Proximar Seafood AS
Phone: +47 994 77 599
E-mail: [email protected]

About Proximar:
About Proximar Seafood Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, the company will serve the Japanese market with fresh Atlantic Salmon, harvested the same day. Proximar’s location, in one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.

Kilde

TekBot · april 20, 2022, 5:00am

Marubeni and Proximar Announce Exclusive Sales and Distribution Agreement for Fresh Atlantic Salmon in Japan

Proximar Seafood AS is pleased to announce this major milestone agreement. Marubeni Corporation (hereinafter, “Marubeni”) and Proximar Seafood AS (hereinafter, “Proximar”) have today reached an agreement that Marubeni will be the exclusive distributor in Japan for all the Atlantic salmon produced by the closed recirculating aquaculture system (hereinafter, “RAS”) which Proximar is constructing in Japan. The facility is located close to Mount Fuji outside Tokyo and will be supplying fish to the market from mid-2024.

“Teaming up with Marubeni is a key part of our partnership strategy and brings us one step closer to supplying fresh salmon to the Japanese market. We now have a sales and distribution partner in Japan with superior market insight and access, reducing risk and increasing pricing power. The agreement with Marubeni provides Proximar significant resources in terms of sales and marketing, and we share the same views in terms of our products’ attractiveness.,” says CEO of Proximar, Joachim Nielsen.
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General Manager of Marubeni’s Fresh Food Dept., Kazunari Nakamura, adds, “Japan’s self-sufficiency rate for fisheries products is only 57%, and securing a stable supply of these products is now a social issue due to the rising consumption of these products overseas and increasing geopolitical risks, like pandemic. In this environment, we feel that it is of great social significance to participate in a project to produce Atlantic salmon, which is much preferred by Japanese consumers, here in Japan. Together with Proximar, we will continue to take on the challenge of ensuring a stable supply of Atlantic salmon for Japanese consumers.”

The agreement covers sales of all volumes produced by Proximar for the Japanese market and has an initial term of 10 years. Both parties will be actively involved in the marketing efforts, with the aim to build a strong premium sustainable seafood brand.

Worldwide demand for salmon is expected to increase due to population growth, the improved dietary quality mainly in emerging economies, and increasing health consciousness in developed countries. However, the supply of wild and sea-farmed salmon is coming to a head in terms of ecosystem protection and the lack of suitable areas for sea-farming. Under these circumstances, the RAS technology, which is not geographically restricted and has a low environmental load in terms of water pollution and run-off of farmed fish, is expected to be one way to ensure a sustainable and stable supply of seafood products. In Japan, the demand for Atlantic salmon is growing, and Japanese consumers have a strong preference for freshness and appreciation of local produce. In recent years, consumer awareness related to sustainability has also been increasing.

The specific location of Proximar’s land-based RAS facility is Oyama-cho, Shizuoka Prefecture, and will be Japan’s first large RAS plant to produce Atlantic salmon. The annual demand for Atlantic salmon in Japan is approximately 60,000 tons. The construction of Proximar’s facility will be completed in 2023 and its hatchery will start operation from 3Q 2022, with harvesting to begin from mid-2024. For 2024, the expected harvested volume is around 2,500 tons (head on gutted weight), increasing to targeted 5,300 tons (head on gutted weight) when operating at full capacity in 2027.

Marubeni, with its subsidiary Benirei Corporation at its core, has a certain market share in Japan for handling wild and sea-farmed salmon and has invested in Danish Salmon A/S in Denmark, which is one of the world’s largest RAS-based Atlantic salmon producers, since April 2020. As the exclusive distributor for domestic Atlantic salmon produced by Proximar in RAS, Marubeni will expand its environmentally friendly food business and contribute to the stable supply of sustainable food with a reduced environmental impact. In addition, Marubeni will contribute to strengthening the food supply chain and the supply of locally produced and consumed food, the importance of which has recently been reaffirmed.

About Marubeni

Head Office: 4-2, Ohtemachi 1-chome, Chiyoda-ku, Tokyo 100-8088, Japan
Established: December 1, 1949

Main Business:
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, ICT & real estate business, forest products, food, agri business, chemicals, energy, metals & mineral resources, power business, infrastructure project, aerospace & ship, finance & leasing business, construction, industrial machinery & mobility, and next generation business development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.
Marubeni Corporation

About Proximar

Head Office: Edvard Griegs vei 3c, NO-5059 Bergen, Norway
Established: 2015

Main Business:
Proximar is a Norwegian land-based salmon farming company with its first RAS production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, the company will serve the Japanese market with fresh Atlantic Salmon, harvested the same day. Proximar’s location, in one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.
https://www.proximarseafood.com/

For more information, please contact:
Joachim Nielsen, CEO, +47 92 85 55 59, [email protected]
Pål K. Grimsrud, CFO, +47 99 47 75 99, [email protected]

Kilde

Smisen · mai 18, 2022, 11:00pm

Samme anlegget som proximar bygger nå

trygve-lie · mai 18, 2022, 11:22pm

Det er vel dette anlegget Proximar henter fisk fra for kvalitets testing. De har vel brukt laksen herifra i forhandlingsrundene rundt distribusjon.

Smisen · juni 1, 2022, 9:24am

20220531 Proximar Seafood presentation Fearnley Securities.pdf (2,1 MB)

Smisen · juni 2, 2022, 6:45pm

Siste update fra youtube kanalen

Birgitte · juni 2, 2022, 9:30pm

Svært bra prosjekt. Imponerende anlegg og japansk presisjon i byggingen. Dette har vært prosjektert veldig grunndig og lenge.

Lavt priset på børsen. Ja muligens kommer en emisjon men selv det er det mulig å akseptere på dagens lave kurs og mcap.

Solide seriøse hovedeiere som kan bransjen.

En uoppdaget perle på børsen.

Forstår ikke at folk driver og rører med Altantic Sapphire aksjer når Proximar Seafood ligger som en urørd jomfru som bare venter på å bli tatt.

Smisen · august 21, 2022, 12:21pm

TekBot · august 31, 2022, 5:08am

Proximar Seafood AS – First-half year 2022 results

Bergen, Norway – 31 August 2022 – Proximar Seafood AS (EURONEXT: PROXI) today reported its first-half year 2022 results. Proximar is in a project development phase and consequently had no income. The net loss before tax was NOK 11.1 million, compared to a loss of NOK 19.4 million in the first half of 2021. The operating expenses increased from NOK 5.5 million to NOK 11.1 million due to cost increase as operational start-up is close. The company holds a strong equity of NOK 362 million and a cash balance of NOK 73.7 million by the end of June 2022.

“We are pleased with the progress made in the first half of 2022, as we are on track with the construction both regarding time and budget. We are now preparing for the operational start-up of our first land-based recirculation facility in Oyama Town, Shizuoka in Japan,” says Joachim Nielsen, CEO of Proximar Seafood. “We have a strong operational team in Japan and are well prepared for the production start shortly.”
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In the Hatchery and Nursery building the last interior works are being completed and prepared for egg insertion. For the Post Smolt Grow-out building, steel erection is ongoing and the tank installation is starting shortly.

“In April, we signed a 10 year sales and distribution agreement with Marubeni for our salmon to the Japanese market. Partnering up with experts have always been important for us, and we are pleased to see all the attention we have received from media in Japan after the signing. This has also boosted the local debt discussions, which we are working actively on.” says Nielsen.

During the last half year, Proximar has been awarded another top sustainability rating from an external rating agency. This time from the well-recognized Japan Credit Rating Agency. “We continue to do our outmost regarding sustainability and such ratings are encouraging for our continuous work.” says Nielsen.

“During the first six months of 2022, we have seen very high salmon prices in the Japanese market, due to the combination of the international salmon prices and the high transportation costs. We expect more normalized market prices long-term, and we are still confident in attaining a price premium on the Proximar fish due to its freshness, Mt Fuji location, clear ESG profile and local origin,” Nielsen concludes.

For more information, please see the full report and presentation for the first half of 2022 attached.

Proximar Seafood will present its financial results for the first half of 2022 on Wednesday 31 August 2022, at 09:00 CEST. The investor presentation will be streamed and will be hosted by CEO Joachim Nielsen and CFO Pål K. Grimsrud. The presentation will be held in English and questions can be submitted throughout the event. The streaming event is available through: Proximar Q2 2022 • WN Event

For further information, please contact:
Pål K. Grimsrud, CFO, Proximar Seafood AS
Tel: +47 99477599
Email: [email protected]

About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, using high-quality ground water secured close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested the same day. Proximar’s location, near one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.

Kilde

trygve-lie · september 22, 2022, 12:15pm

La merke til en veldig subtil endring i konstruksjonstidslinjen her i dag. De har nå endret punktet for utsetting av smolt i Q3 til en eksakt dato. 22. Oktober. Det bør komme en børsmelding når den første smolten er i karene.

Må si at jeg føler at dette prosjektet tikker og går veldig stødig fremover på alle punkter.

trygve-lie · oktober 5, 2022, 8:05am

Konstruksjonen av anlegget tikker stødig fremover i henhold til plan (og budsjett). Ny video fra konstruksjonen i går.

TekBot · oktober 5, 2022, 8:52pm

Proximar Seafood AS - Financing and operational update: Contemplated convertible bond issue, enabling production start during October 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Proximar Seafood AS - Financing and operational update: Contemplated convertible bond issue, enabling production start during October 2022
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Proximar Seafood AS is contemplating a convertible bond issue of up to NOK 250m, enabling the milestone of initiating the production phase and partly securing its further funding needs.

Bergen/Yokohama, 5 October 2022. Reference is made to Proximar Seafood AS’ (“Proximar” or the “Company”) Q2 2022 update 31 August 2022. Proximar continues to be on track with construction of the 5,300 tons land-based salmon farming facility in Japan and is progressing towards first egg inlays in October and first harvest in medio 2024. As per 1 September 2022 approximately 67% of the civil works has been completed.

Approximately 95% of the construction and equipment costs are based on fixed price contracts and construction is progressing on time and on budget. Recent currency effects have increased the projected total capex by approximately NOK 15 million, while total project expenditure estimate until first harvest has increased by an additional NOK 55 million to approximately NOK 1,425 million due to increased cost of feed, electricity and financing, as well as currency effects. NOK 690 million has been invested to date.

Proximar will within short take delivery of the Hatchery and Nursery facility representing a major milestone and thus initiating salmon production in accordance with the communicated project timeline. Proximar’s total remaining financing need for Stage I production is estimated to NOK 735 million of which NOK 190 million is due in October in connection with the take-over and operational start-up. An additional NOK 110 million is needed to secure financing to the end of March 2023, thus bringing the total financing requirement to NOK 300 million.

The Company hereby announces its plans to solve its near term liquidity requirements by a combination of increasing its debt facility by approximately NOK 50 million and a contemplated NOK 250 million Convertible Bond (the “Convertible Bond”).

The Convertible Bond is structured as a 3-year subordinated convertible bond with a conversion price of NOK 6 per share and a coupon of 7%. Should the Company carry out a share issue of more than NOK 50 million, the bondholders have the right to convert at a lower strike if the price in a potential share issue is set lower than the NOK 6 strike price. Key existing shareholders have indicated strong interest in participating in the Convertible Bond and have pre-committed to subscribe for a total of more than NOK 150 million.

Additionally, and as referred to above, approximately NOK 50 million will be raised through increasing the existing debt financing from the Japanese financing institution JA Mitsui Leasing Ltd. (“JAML”). Grieg Kapital, the main guarantor for the loan, has agreed to increase its guarantee commitments by NOK 50 million which is subguaranteed by Grieg Kapital and Daimyo AS. In connection with the facility increase, JAML and more than 90% of the guarantors have agreed to extend the maturity to 31 March 2024, with possible extension to end of 2024. The facility increase is subject to formal credit approval at JAML.

The remaining NOK 435 million capital need to complete Stage I and take it to first harvest is expected to be solved through a combination of long term debt with Japanese banks, and a minor equity raise closer to project completion. The financing process with the Japanese banks is progressing with advanced discussions on both a construction loan and long term financing. An updated indicative term sheet for the long-term financing has been received, with conclusion expected in Q4 2022.

The Company will convene a general meeting of its shareholders to be held on or around 13 October 2022 (the “GM”) to seek shareholders’ approval of the Board of Directors’ resolution to make the Convertible Bond convertible into shares in the Company. The Company’s three largest shareholders (the Grieg Family, the Nielsen Family and Daimyo Invest AS) representing approximately 36.5% of the shares, have irrevocably committed to vote in favour of the Convertible Bond.

Company update

The Company has since March 2021 been constructing it’s first land-based salmon farm just outside Tokyo, Japan. With fixed price contracts and strong partners such as Daiwa House Ltd and AquaMaof, the construction has developed according to expectations. The Hatchery and Nursery is now being completed, with equipment installation works ongoing.

Proximar is now well prepared for the operational start-up in October 2022 with egg inlays. First harvest is expected in medio 2024, giving Proximar a significant first mover advantage in the Japanese market. With a location close to Mt Fuji in the proximity to a huge domestic market, the company is well positioned to present to Japanese costumers the freshest Atlantic salmon, harvested the same day.

The Company has since inception had the strategy of partnering up with industry experts. During the last 6 months, a sales and distribution agreement has been signed with Marubeni Corp, securing an off-take for the entire volume for 10 years. This partnership has as expected proved valuable in discussions and progress with Japanese financial institutions, also bringing more banks to consider debt facilities.

The prices for fresh Atlantic salmon in Japan are high driven by transportation costs as all volumes are imported by air freight. This represents a large and sustainable cost advantage for Proximar. During the pandemic, followed by the geopolitical tense situation, these prices related to transportation have increased significantly. In such environment, local produce increase popularity and Proximar has seen a raising awareness of the company’s presence. Proximar, together with Marubeni, plans to position the brand in the premium segment with a corresponding price premium.

Advisors

ABG Sundal Collier ASA and Pareto Securities AS are acting as managers and bookrunners to the Company in connection with the Convertible Bond (the “Managers”). Advokatfirmaet Thommessen AS is acting as legal advisor to the Company, while Advokatfirmaet Wiersholm AS is acting as legal advisor to the Managers.

For further information, please contact:

Joachim Nilsen, CEO, Proximar Seafood AS
Tel: +81 70 28 11 98 98
Email: [email protected]

Pål K. Grimsrud, CFO, Proximar Seafood AS
Tel: +47 99477599
Email: [email protected]

About Proximar Seafood

Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, using high-quality ground water secured close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested the same day. Proximar’s location, near one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.

Important Notice

This announcement is not, and does not form a part of, any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “US Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of
the US Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or their securities in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in
this announcement will be made solely to “qualified institutional buyers” as defined in Rule 144A under the US Securities Act.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that EEA Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression “EU Prospectus Regulation” means Regulation 2017/1129 as amended together with any
applicable implementing measures in any EEA Member State.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “strategy”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, the assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond the Company’s control.

Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company’s services, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company’s ability to attract, retain and motivate qualified personnel, changes in the Company’s ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by forward -looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

Neither the Managers nor any of their respective affiliates make any representation as to the accuracy or completeness of this announcement and none of them accept any responsibility for the contents of this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. Neither the Managers nor any of their affiliates accept any liability arising from the use of this announcement.

This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any Member State.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by Pål Grimsrud, CFO of Proximar Seafood AS at the time set out above.

Kilde

trygve-lie · oktober 6, 2022, 6:13am

https://www.intrafish.no/finans/proximar-trenger-penger-i-kassen/2-1-1328461

TekBot · oktober 6, 2022, 12:17pm

Proximar Seafood AS: Notice of Extraordinary General Meeting

TekBot · oktober 12, 2022, 2:00pm

Proximar Seafood AS – Update on the contemplated convertible bond

TekBot · oktober 14, 2022, 1:37pm

Proximar Seafood AS - Minutes from the Extraordinary General Meeting

Bergen, 14 October 2022. The extraordinary general meeting of Proximar Seafood AS was held on 13 October 2022. The minutes of the extraordinary general meeting is attached and will be available on www.proximar.com.

This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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For further information, please contact:
Pål Grimsrud, CFO, Proximar Seafood AS
Phone: +47 994 77 599
E-mail: [email protected].

About Proximar:
Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, the company will produce fresh Atlantic Salmon, harvested the same day. Proximar’s location, near one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint. www.proximar.com

Kilde

TekBot · oktober 17, 2022, 6:42am

Proximar Seafood AS – Convertible bond issue update: Covered book and deal size set to NOK 250m with updated terms

17 October 2022 – Reference is made to the stock exchange notices on 6 October 2022 and 12 October 2022 regarding the contemplated convertible bond issue in Proximar Seafood AS (the “Company”). The Company and the joint bookrunners have received subscriptions that covers the total convertible bond size of NOK 250 million, including a [significant] subscription from a large Japanese strategic investor.

The size of the convertible bond is set to NOK 250 million. The conversion price of the convertible bond is lowered from NOK 6 per share to NOK 5 per share.
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The application period for the convertible bond issue will close today 17 October 2022 at 16:00 CEST with settlement date expected the 27 October 2022.

For more information, contact:
Pål K. Grimsrud, CFO, Proximar Seafood AS
Tel: +47 99477599
Email: [email protected]

Kilde

TekBot · oktober 17, 2022, 6:46am

Proximar Seafood AS – Convertible bond issue update: Covered book and deal size set to NOK 250m with updated term

Proximar Seafood AS – Convertible bond issue update: Covered book and deal size set to NOK 250m with updated terms

17 October 2022 – Reference is made to the stock exchange notices on 6 October 2022 and 12 October 2022 regarding the contemplated convertible bond issue in Proximar Seafood AS (the “Company”). The Company and the joint bookrunners have received subscriptions that covers the total convertible bond size of NOK 250 million, including a subscription from a large Japanese strategic investor.
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The size of the convertible bond is set to NOK 250 million. The conversion price of the convertible bond is lowered from NOK 6 per share to NOK 5 per share.

The application period for the convertible bond issue will close today 17 October 2022 at 16:00 CEST with settlement date expected the 27 October 2022.

For more information, contact:
Pål K. Grimsrud, CFO, Proximar Seafood AS
Tel: +47 99477599
Email: [email protected]mailto:[email protected]

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