Salmon Evolution – Results for the fourth quarter 2020
Fourth quarter highlights · Construction of Phase 1 at Indre Harøy progressing according to plan – on time and on budget · Critical infrastructure completed including wastewater tunnel – project execution risk significantly reduced · Received a NOK 96.8 million funding commitment from Enova and granted NOK 14 million in funding from the Norwegian Skattefunn tax incentive scheme · Available cash of NOK 648 million (NOK 2.95 per share) at 31 December Subsequent events · Signed Joint Venture term sheet with Dongwon Industries for the establishment of a 49/51 joint