Norway Royal Salmon ASA - NTS ASA becomes the largest shareholder of Norway Royal Salmon ASA

Report this content

Reference is made to the stock exchange announcement published by NTS ASA ("NTS", OSE Ticker: NTS) today regarding the merger with the Frøy Group, including Gåsø Næringsutvikling's shareholding in NRS. The Frøy Group is owned by Gåsø Næringsutvikling, which in turn is owned by Helge Gåsø and his family.Helge Gåsø is a primary insider and chairman of the Board of Directors of NRS and through Gåsø Næringsutvikling AS owns a shareholding of 6 993 188 shares in NRS, corresponding to 16.05 % of the shares in the Company.

The merger with NTS is contingent on a number of conditions, including approval by the General Meeting of NTS and approval from the Norwegian Competition Authority. If the conditions are met, NTS will take over the shares owned by Gåsø Næringsutvikling AS and become the Company's largest single shareholder.

The transaction is expected to be completed during the first quarter of 2020. More information is available in the extended stock exchange announcement published today on NTS ASA's ticker: "NTS" on the newsweb.

Norway Royal Salmon ASA is not a party to the agreement between Gåsø Næringsutvikling and NTS ASA.

This notification is subject to disclosure requirements pursuant to section 5-12 of the Securities Trading Act.