Desert Control AS: Purchase of 30 000 shares by board member

Report this content

ISSUER

DESERT CONTROL AS

Desert Control AS: Purchase of 30 000 shares by board member

Sandnes, Norway, 17 June 2021: A member of the board of directors in Desert
Control AS ("Desert Control" or the "Company") have on 17 June 2021 purchased
shares in the company.

On 17 June 2021, Marit Røed Ødegaard, a member of the board of directors of the
Company, has purchased 30,000 shares in the Company at an average price of NOK
15.18. Following the transaction Marit Røed Ødegaard holds a total of 30,000
shares in the Company.

Primary insider notification pursuant to the market abuse regulation article 19
are attached.


For further information, please contact:

Erling Rasmussen, Chief Financial Officer,
+ 47 482 11 151,
erling.rasmussen@desertcontrol.com


About Desert Control AS  

Agriculture and food production consume more than 70% of all available
freshwater. When topsoil degrades, water consumption increases further as it
permeates through sandy soils like a sieve. Simultaneously, population growth
drives the need for more food over the next 40 years than was produced in the
last 500 years, putting even more pressure on scarce resources such as water.
This is the problem Desert Control is determined to solve. There are tremendous
growth opportunities in a market that is growing rapidly. Annually, 12 million
hectares of fertile land perish to desertification.  

Desert Control is a climate technology company specialized in reclaiming
degraded soil and turning desert sand into fertile soil. The patented product
LNC (Liquid Natural Clay) is a liquid clay compound that enables sand and
degraded soil to retain water and nutrients. LNC thus increases crop yields,
while consumption of water and fertilizer decreases by up to 50%.


This information is subject to the disclosure requirements pursuant to the
market abuse regulation article 19.

Subscribe

Documents & Links