Reference is made to the press release dated 15 May
2013 regarding the contemplated sale of shares in P/F
Bakkafrost ("BAKKA" or the "Company").
Due to strong investor demand, SalMar ASA ("SALM")
decided to increase the transaction and has today
sold 7,325,000 shares in BAKKA at a price of NOK 70
per share. The shares were placed through an
accelerated bookbuilding process managed by Carnegie
AS and Pareto Securities AS.
SALM, now holding 7,268,904 shares (including the
2,277,600 shares held under a TRS agreement) or
approximately 14.9 percent of the outstanding shares
in BAKKA, has undertaken customary lock-up for all
their remaining shares in the Company lasting until 1
As a consequence of the transaction, SALM has passed
the thresholds of 25 percent, 20 percent and 15
percent of the outstanding share capital in BAKKA,
requiring notification under the second paragraph of
section 4-2 of the Securities Trading Act.