Norway Royal Salmon ASA (NRS): Law suit against NTS ASA with claim for compensation as a result of breach of contract
Summary The independent board of directors of Norway Royal Salmon ASA ("NRS") has discussed the situation after NTS ASA's ("NTS") vote against the proposed share issue at the extraordinary general meeting on 7 April, which resulted in the share issue not being approved. The share purchase agreement between NRS and NTS contains a clear and express provision requiring NTS to be represented at the general meeting with all its shares in NRS and vote in favour of the share issue. NTS has breached this obligation by voting against the share issue. Accordingly, NRS is not able to complete