Norway Royal Salmon ASA evaluates strategic options

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  The board of directors of Norway Royal Salmon ASA (the "Board"; “NRS”) refers to NTS ASA's mandatory offer for all outstanding shares in NRS announced on 16 July 2021.

The Board recommends the shareholders in NRS not to accept the offer. In the Board's view, the offer price does not reflect the underlying values in NRS.

The Board has engaged Arctic Securities AS as financial advisor and Advokatfirmaet Wiersholm AS as legal advisor in connection with the offer. Together with its advisors the Board will explore alternatives for the company and its shareholders.

Please also note that any acceptance of the offer from NTS ASA is irrevocable. This means that a shareholder who accepts the offer is not allowed to withdraw the acceptance even if better offer should be made. Any shareholders considering to accept the offer are thus recommended to wait to decide whether to accept the offer until the last day in the offer period to maintain the possibility to accept any potential superior offer.

The Board will publish a formal statement on the offer according to the Norwegian Securities Trading Act section 6-16, at the latest one week before expiration of the offer period. It has been clarified with Oslo Stock Exchange that it is the Board other than its chairman, Helge Gåsø (who is a close associate to NTS ASA and has disqualified himself from participating in the Board's consideration of the offer), that will give the statement of the Board according to the Norwegian Securities Trading Act section 6-16.

For further information please contact: Eva Kristoffersen, Deputy Chairman, +47 992 79 311.

This notification has been submitted pursuant to the Securities Trading Act § 5-12.

The notification is submitted on behalf of Norway Royal Salmon ASA by Bjørn Kleven, Group Accounting Manager, at 21.45 (CEST), 21 July 2021.