NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
SalMar ASA (the "Company" or "SalMar", OSE ticker code "SALM"), has successfully completed a NOK 309 million private placement directed towards Norwegian and international investors (the "Private Placement" or the "Issue"). The Issue was oversubscribed. The price was set at NOK 30 per share. 10.299.999 shares will be issued following the Private Placement, increasing the share capital to 113.299.999 shares.
Yngve Myhre, CEO of SalMar stated: "We are very pleased to have concluded this fundraising supporting Salmar's growth strategy. Part of the funds will be used for the acquisition of 10 licenses from Villa Arctic AS. This confirms our position in Norway. SalMar will continue to actively pursue other accretive acquisitions."
Notification of allotment and payment instructions will be sent to the applicants on or about 1 March 2012 through a notification to be issued by the Managers. The delivery of the shares will be made by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange. Shares will be made available pursuant to a stock lending agreement entered into between the Managers and Kverva AS. The shares will thus be tradable from allocation. Settlement of the allocated shares is expected to take place through a delivery versus payment transaction on 6 March 2012.
DNB Markets and Pareto Securities AS acted as Joint Lead Managers and Joint Bookrunners in the Private Placement.
For further information, please contact:
Yngve Myhre, CEO
Tel: + 47 72 44 79 00
Cell: + 47 91 63 01 74
Trond Tuvstein, IR-ansvarlig
Tel: + 47 72 44 79 00
Cell: + 47 91 85 31 39
About SalMar ASA:
SalMar ASA is one of the world's largest and most efficient producers of farmed salmon with a total annual production volume exceeding 100.000 tons (HOG). The company owns 71 licenses for marine production of Atlantic salmon in Norway; 58 licenses in the Company's principal producing region in Mid-Norway (Trøndelag and Nordmøre) and 13 licenses in Troms through SalMar's wholly owned subsidiary SalMar Nord AS.
In addition the Company owns 50% of Norskott Havbruk AS, which owns 100% of Scottish Sea Farms Ltd, Great Britain's second-largest salmon farmer with production capacity in excess of 30,000 tonnes gutted weight and controls 24.8% of P/F Bakkafrost, a listed Faeroe Island fish farming company.
The Company operates a comprehensive VAP activity, co-located with the Company's main office at Frøya in Sør-Trøndelag.
Important information:
This press release is for information purposes only, and shall not constitute or be construed as an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The shares referred to herein have not been and will not be registered under the U.S. Securities Act of
1933, as amended (the `U.S. Securities Act`), or any state securities laws,and will be sold within the United States only to qualified institutional buyers (`QIB`), as defined in Rule 144A under the U.S. Securities Act (`Rule 144A`), through affiliates of the manager, in reliance upon the exemption from the registration requirements provided by section 4(2) of the U.S. Securities Act Rule 144A, and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the U.S. Securities Act. The shares to be offered will be subject to certain restrictions on transfer.
This press release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. This press release may also contain certain Forward-looking statements concerning future circumstances and results and other statements that are not historical facts. Any forward-looking statements contained in this press release, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. None of the Company, the Managers or any of their affiliates or advisors provide any assurance that the assumptions underlying such forward-looking statements are free from errors nor do any of them accept any responsibility for the future accuracy of the opinions expressed in this press release or the actual occurrence of the forecasted developments. Neither the Company nor the Managers assume any obligation to update any forward-looking statements or to confirm these forward-looking statements to actual results.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.