Atlantic Sapphire ASA: Minutes of Extraordinary General Meeting – Disclosure of Large Shareholding
Miami, FL, 15 September 2026
Atlantic Sapphire ASA (the "Company") has today held an annual extraordinary general meeting digitally. All items proposed on the agenda were adopted. Please find attached the minutes from the meeting in English and Norwegian.
The general meeting resolved to increase the Company's share capital with NOK 56,274,069.25 through the issuance of 1,125,481,385 new shares, each at a subscription price of NOK 0.10 and at a par value of NOK 0.05. Such share capital increase will be settled by set-off of claims held by Coral HoldCo AS in relation to the initial tranches of the Bridge Loan, including origination fee and accrued interest, as further described in the notice for the extraordinary general meeting. All shares to be issued will be subscribed by Coral HoldCo AS.
Following such subscription, Coral HoldCo AS will hold a total of 1,150,124,362 shares and votes in the Company, corresponding to approximately 99.03% of the then outstanding shares and votes. Coral HoldCo AS' holding of shares and votes in the Company will consequently surpass the notifiable 90% threshold pursuant to Section 4-2 of the Norwegian Securities Trading Act.
Coral HoldCo is a joint investment company established by, and holding the shares in the Company on behalf of, a group of the Company's largest shareholders and convertible loan holders, for the purposes of the restructuring of the Company, consisting of: (i) Condire Management L.P., (ii) Nordlaks Holding AS, (iii) Nokomis Capital, LLC, (iv) Strawberry Capital AS, and (v) Joh Johannson Eiendom AS (the "Investor Group"). The Investor Group holds approximately 93.7% of the USD 59.2 million convertible loan issued by the Company and approved by its extraordinary general meeting on 30 September 2025. Coral HoldCo holds no rights to further shares or voting rights in the Company.
For further information, please contact: Gunnar Aasbo-Skinderhaug Atlantic Sapphire ASA, Deputy CEO/ CFO Email: gunnar@atlanticsapphire.com investorrelations@atlanticsapphire.com
About Atlantic Sapphire ASA Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire operated its innovation center in Denmark from 2011 until 2021 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer. In the US, the Company holds the requisite permits and patents to construct its Bluehouse® in an ideal location in Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in operation, which provides the capacity to harvest up to approximately 7,500-8,500 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire’s Phase 2 expansion, will bring total annual production capacity to 25,000 tons and the Company has a long-term targeted harvest volume of >100,000 tons.
This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation and the Norwegian Securities Trading Act sections 5-12 and 4-2. This stock exchange release was published by Gunnar Aasbø-Skinderhaug, at the time and date set out above.
More information: Access the news on Oslo Bors NewsWeb site