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Investor relation
IR-Contact
Analysts
Financial calendar

Read more about Investor Relations, corporate governance, and company management here.


For questions concerning Investor Relations, please contact NRS’ Chief Financial Officer directly:

Ola Loe, CFO
E-mail:                ola.loe@salmon.no
Mobile:               +47 9117 9411

Contact data for analysts who regularly follow NRS.

About stockinformation:
Ticker: NRS
ISIN: NO0010331838
Org nr.: 864 234 232 NO
Number of shares: 43 572 191  à nominal NOK1,- per share


Contacts:


ABG Sundal Collier

Martin Kaland

Phone: +47 22 01 60 67

Email: martin.kaland@abgsc.no

 

CARNEGIE

Ola Trovatn

Phone: +47 22 00 93 72

Email: ola.trovatn@carnegie.no

 

Danske Bank Markets

 

 

DNB Markets

Alexander Aukner

Phone: +47 24 16 90 79

Email: alexander.aukner@dnb.no

 

Handelsbanken Capital Markets

Ketil Lye

Phone: +47 22 39 72 99

Email: kjly01@handelsbanken.no

 

SEB

Bent Rølland

Phone: +47 22 82 71 26

Email: bent.rolland@seb.no

 

 

NORDEA MARKETS

Herman Aleksander Dahl

Phone: +47 24 01 37 73

Email: herman.aleksander.dahl@nordea.com

 

 

PARETO SECURITIES

Carl-Emil Kjølås Johannessen

Phone: +47 24 13 39 41

Email: cekj@paretosec.com

 

SpareBank 1 Markets

Knut-Ivar Bakken

Phone: +47 24 13 37 84

Email: knut-ivar.bakken@sb1markets.no

 

Kepler Cheuvreux

Christian Nordby

Phone: +47 23 13 90 71

Email: cnordby@keplercheuvreux.com

 

Fearnley Securities

Nils Thommesen

Phone: +47 22 93 63 99

Email: n.thommesen@fearnleys.com

Financial calendar 2022 for Norway Royal Salmon ASA:

23.02.2022 Presentation of preliminary annual results 2021
25.05.2022  Presentation Q1 2022
02.06.2022  Annual General Meeting 2022
31.08.2022  Presentation Q2 2022
16.11.2022 Presentation Q3 2022

Please note that the financial calendar may be subject to change.

This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)

Shareholders
General Assembly
Statutes
Registrar

Largest shareholders 03.12.21

Rank Stake Name
1 68.13708 NTS ASA
2 2.58654 Brown Brothers Harriman & Co.
3 2.41226 HELLESUND FISKEOPPDRETT AS
4 1.70765 RBC INVESTOR SERVICES TRUST
5 1.60831 HAVBRUKSINVEST AS
6 1.53953 Morgan Stanley & Co. Int. Plc.
7 1.47104 The Northern Trust Comp, London Br
8 1.43374 State Street Bank and Trust Comp
9 1.03932 The Bank of New York Mellon SA/NV
10 0.90336 JPMorgan Chase Bank, N.A., London
11 0.84409 The Bank of New York Mellon
12 0.61273 JPMorgan Chase Bank, N.A., London
13 0.51577 The Bank of New York Mellon
14 0.47690 J.P. MORGAN BANK LUXEMBOURG S.A.
15 0.47409 Euroclear Bank S.A./N.V.
16 0.45326 NORWAY ROYAL SALMON ASA
17 0.42458 FORTE NORGE
18 0.39245 NYHAMN AS
19 0.29923 Pictet & Cie (Europe) S.A.
20 0.28909 J.P. MORGAN BANK LUXEMBOURG S.A.



Notices and protocols

Notices and protocols  of general meeting in Norway Royal Salmon ASA


pdf

Click to download PDF

 

NOTICES

Notice of extraordinary general meeting in NRS ASA, September 30th 2021

Notice of ordinary general Meeting in NRS ASA, May 27th 2021

Notice of ordinary general Meeting in NRS ASA, June 4th 2020

Notice of ordinary general Meeting in NRS ASA, June  6th 2019

Notice of ordinary general Meeting in NRS ASA, May  31th 2018

Notice of ordinary general Meeting in NRS ASA, June 1th 2017

Notice of ordinary general meeting in NRS ASA, May 26th 2016

Notice of ordinary general meeting in NRS ASA, May 28th 2015

Notice of ordinary general meeting in NRS ASA, May 27th 2014

Notice of extraordinary general meeting in NRS ASA, September 19th 2013

Notice of ordinary general meeting in NRS ASA, May 22nd 2013

Notice of ordinary general meeting in NRS ASA, May 22nd 2012

Notice of ordinary general meeting in NRS ASA, May 25th 2011

Notice of extraordinary general meeting in NRS ASA, February 17th 2011


PROTOCOLS

Protocol Annual General Meeting Sept. 30th 2021

Protocol Annual General Meeting May 27th 2021

Protocol Annual General Meeting June 6th 2019

Protocol Annual General Meeting May 31th 2018

Protocol Annual General Meeting June 1th 2017

Protocol Annual General Meeting May 26th 2016

Protocol Annual General Meeting May 28th 2015

Protocol Annual General Meeting May 27th 2014

Protocol Extraordinary General Meeting Sep. 19th 2013

Protocol Annual General Meeting May 22nd 2013

Protocol Annual General Meeting May 22nd 2012

Protocol Annual General Meeting May 25th 2011

Protocol Extraordinary General Meeting Feb. 17th 2011

Protocol Extraordinary General Meeting Oct. 20th 2010

Protocol Annual General Meeting May 6th 2010


STATEMENTS

Articles of Association

Articles of Association, as worded after amendment adopted in the general meeting of 6. June 2019

Articles of Association


Shareholder Services

Registrar of Norway Royal Salmon ASA (org.no. 864 234 232 NO)
is Sparebank1 SMN – Trondheim.

The shares are registered in:
Norwegian Central Securities Depository (VPS) with ISIN NO0010331838.
Oslo Stock Exhange (OSE)  – ticker NRS.

Total number of shares issued is 43.572.191 shares with a par value NOK 1,-.

The assessed value as of 31.12.2019 is NOK 239,2 per share.
Dividend paid in 2019 was NOK 5,00 per share.

The assessed value as of 31.12.2018 is NOK 179,0 per share.
Dividend paid in 2018 was NOK 6,00 per share.


Releases for Oslo Stock Exchange and Press releases

Norway Royal Salmon ASA’s announcements to the Oslo Stock Exchange can be found at
 www.newsweb.no

Below are links to:

All stock exchange announcements from Norway Royal Salmon ASA
Link to Oslo Stock Exchange newsweb

Mandatory Notifications from Norway Royal Salmon ASA
Link to Oslo Stock Exchange newsweb

Disclosures of large shareholdings in Salmon ASA
Link to Oslo Stock Exchange newsweb



最新发布(英文)(20)
  • Norway Royal Salmon ASA (NRS) - Mandatory notification of trade
    13.01.2022
  • Norway Royal Salmon ASA (NRS): Announcement of result of Fairness Opinion
    13.01.2022
  • Norway Royal Salmon (NRS): Combination of SalmoNor and Norway Royal Salmon ASA
    11.01.2022
  • Norway Royal Salmon (NRS): Resignation of Board Member
    10.01.2022
  • Norway Royal Salmon (NRS): Q4-21 Trading update
    06.01.2022
  • Norway Royal Salmon ASA (NRS): NRS Farming AS - charge
    07.12.2021
  • Norway Royal Salmon ASA (NRS) - Mandatory notification of trade
    18.11.2021
  • Norway Royal Salmon (NRS): Q3 21 - Operational EBIT of MNOK 89
    09.11.2021
  • Norway Royal Salmon (NRS): Invitation to presentation and Webcast of Q3 2021 on 9 November 2021 at 08:00 am (CET)
    04.11.2021
  • Norway Royal Salmon ASA (NRS): Q3-21 Trading update
    06.10.2021
  • Norway Royal Salmon ASA (NRS): Initiation of strategic dialogue with NTS ASA regarding potential combination with SalmoNor
    30.09.2021
  • Norway Royal Salmon ASA (NRS): Change in CEO
    30.09.2021
  • Norway Royal Salmon ASA (NRS): Extraordinary General Meeting
    30.09.2021
  • Norway Royal Salmon ASA (NRS): Nomination of new board members for election at the extraordinary general meeting
    24.09.2021
  • Norway Royal Salmon (NRS): Notice to extraordinary General Meeting
    06.09.2021
  • Norway Royal Salmon ASA (NRS): Correction of the result in mandatory offer to acquire all shares in Norway Royal Salmon ASA
    30.08.2021
  • Norway Royal Salmon ASA (NRS): Final result in mandatory offer to acquire all shares in Norway Royal Salmon ASA – correction and notification of mandatory notification of trade
    28.08.2021
  • Norway Royal Salmon ASA (NRS): Final result in mandatory offer to acquire all shares in Norway Royal Salmon ASA
    26.08.2021
  • Norway Royal Salmon ASA (NRS): Flagging
    26.08.2021
  • Norway Royal Salmon ASA (NRS) - Mandatory notification of trade
    26.08.2021

Norway Royal Salmon ASA (NRS) - Mandatory notification of trade

Hatlebrekke Invest AS, close associate to Klaus Hatlebrekke, CEO of Norway Royal Salmon ASA, has today purchased 10,000 shares in Norway Royal Salmon ASA at a price of NOK 158.0281 per share.

Ola Loe, CFO of Norway Royal Salmon ASA, has today purchased 10,000 shares in Norway Royal Salmon ASA at a price of NOK 158.0282 per share.

Kauna AS, close associate to Anne Sofie, COO Business development of Norway Royal Salmon ASA, has today purchased 1,800 shares in Norway Royal Salmon ASA at a price of NOK 158.0311 per share.

This notification has been made pursuant to the Securities Trading Act section 4-2 and MAR Article 19.

2022-1-13 Kauna AS Notifikasjon aksjekjøp i NRS (pdf)
2022 01 13 Ola Loe (pdf)
2022 01 13 Hatlebrekke Invest (pdf)

Norway Royal Salmon ASA (NRS): Announcement of result of Fairness Opinion

Referring to NRS ASA’s (“NRS”) stock exchange notice published 11 of January on signing a binding agreement for NRS Farming to purchase 100% of the shares in SalmoNor AS from NTS ASA (“NTS”) (“the Transaction”).

The independent board of directors in NRS has today received a fairness opinion from ABG Sundal Collier ASA (“ABG”), concluding that the valuation of SalmoNor is fair from a financial point of view.

NRS will hold a webcast today at 1200 CET to go through SalmoNor and the Transaction. Please use the following link to get access to the webcast through Microsoft Teams.

Norway Royal Salmon | Transaction Update Webcast

For further information, please contact:

Interim CEO, Klaus Hatlebrekke, +47 975 16 757

CFO, Ola Loe, +47 911 79 411

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

If the above link to Teams does not work, please copy the following url:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_MzMyMTg4MTEtNjhmYy00MDlmLWI4NWItN2RkNzNkNTBhODhk%40thread.v2/0?context=%7b%22Tid%22%3a%224cbfea0a-b872-47f0-b51c-1c64953c3f0b%22%2c%22Oid%22%3a%229dd306f2-be12-4fa5-b89a-0e445936890c%22%2c%22IsBroadcastMeeting%22%3atrue%7d&btype=a&role=a

Norway Royal Salmon (NRS): Combination of SalmoNor and Norway Royal Salmon ASA

Norway Royal Salmon ASA («NRS») and NRS Farming AS has today entered into a Share Purchase Agreement for NRS Farming AS to acquire 100% of the shares in SalmoNor from NTS ASA(“NTS”) (the “Transaction”).

The agreement follows the stock exchange notice released on the 30th of September stating that the Board of Directors in NTS has initiated a strategic dialogue on a potential combination of SalmoNor and NRS. NTS’ representatives in the Board of Directors in NRS has declared themselves disqualified and have as a consequence not participated in the evaluation of the Transaction.

SalmoNor is a fully integrated salmon farming company with an attractive license portfolio in production area 7 in Central Norway and with an estimated harvesting volume of 36 500t in 2022 and 39 000t in 2023 (HOG). SalmoNor have over time delivered strong operational results and NRS see a significant potential in combining the two companies creating a fully integrated, large-scale salmon farmer with an attractive license portfolio in top-performing regions. The management in SalmoNor and NRS see a clear strategic rationale in combining best practice from both companies to improve the performance and profitability within smolt, grow-out, development licenses and sales.

The transaction creates the world’s 6th largest salmon farmer with potential to produce around 100 000t salmon in Norway and 24 000t on Iceland. The combined company will be in a strong position to exploit the significant growth opportunities present in both SalmoNor and NRS.

The agreement values SalmoNor at an Enterprise Value of MNOK 8.297. Estimated equity value (the “Purchase Price”) of SalmoNor at the time of closing is estimated to around MNOK 6.350. The Purchase Price is agreed financed through 68,14% consideration shares in NRS (the “Share Consideration”) and 31,86% cash (the “Cash Consideration”). The Cash Consideration is expected to be fully or partially financed through an external private placement in NRS. NRS has several sources available for financing of the Cash Consideration in combination with a private placement, hereunder existing funds, sale of assets or a combination of these. The Share Consideration is expected to be financed through issuance of new shares in NRS to NTS, where the share price for the Share Consideration will be equal to the share price in the external private placement. The agreement is conditional upon satisfactory due diligence. See also stock exchange notice published today under ticker “NTS”.

An independent investment bank is engaged by the independent board in NRS to present a fairness opinion on the value of SalmoNor in the Transaction. NRS expects to publish the outcome of this fairness opinion Thursday 13th of January.

“We are enthusiastic over a combination with SalmoNor. Through the merger we are now combining an impressing operational competence across the organizations, the most important foundation for continued growth and development, and establishment of new jobs. We look forward to working together on developing a joint company going forward”, says Klaus Hatlebrekke, interim CEO in NRS

“This transaction combines two leading salmon farmers with licenses in some of the best regions in Norway and creates a company of considerable size, that will be in the forefront when the future of salmon farming will be formed, enabling further growth and development in the Central and North of Norway. The purchase of SalmoNor provides access to a very competent operational organization that will strengthen NRS’ own organic growth opportunities and strategies going forward”, says Trude Olafsen, independent board member in NRS

DNB Markets is acting as financial advisor to NRS and Wiersholm is acting as legal advisor to NRS.

NRS will hold a digital conference Thursday 13th of January at 1200 CET to go through the Transaction. Call-in details will be shared ahead of the call.

For further information, please contact:

Interim CEO, Klaus Hatlebrekke, +47 975 16 757

CFO, Ola Loe, +47 911 79 411

This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This information is considered inside information and has been submitted pursuant to the Market Abuse Directive (MAR). The notification is submitted on behalf of Norway Royal Salmon ASA by Bjørn Kleven, Group accounting manager, at 12.00 CET, 11 January 2022.

Norway Royal Salmon (NRS): Resignation of Board Member

Norway Royal Salmon ASA (the "Company") has today received a resignation letter from board member, Dagfinn Eliassen, who has decided to resign from his position as board member of Norway Royal Salmon ASA with effect from 10 January 2022.

The remaining board of directors of the Company, consisting of seven board members, comply with the requirements regarding board composition.

The Company expresses its sincere appreciation to Dagfinn Eliassen for his service and contributions to the Company as a board member.

For further information, please contact:

Ola Loe, CFO

Mob: + 47 911 79 411

E-mail: ola.loe@salmon.no

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

Norway Royal Salmon (NRS): Q4-21 Trading update

Harvested volumes for the fourth quarter 2021 were 13.2 thousand tonnes gutted weight (tgw). This brings the total harvested volume for the full year up to 49.6 thousand tonnes gutted weight. Distributed to the below segments:

                               Q4-2021                                           FY 2021

Farming Norway        : 10.3 thousand tgw                           38.1 thousand tgw

Farming Iceland         :   2.9 thousand tgw                           11.5 thousand tgw

The full Q4 2021 report will be released on 23 February 2022 at 06:30 CET.

For further information, please contact:

Ola Loe, CFO

Mob: + 47 911 79 411

Mail: ola.loe@salmon.no

Norway Royal Salmon in brief

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming on Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Norway Royal Salmon ASA (NRS): NRS Farming AS - charge

The Chief of Police in Finnmark has taken out charge against NRS Farming AS – a subsidiary of Norway Royal Salmon ASA – regarding alleged breach of the Norwegian Animal Welfare Act § 37 and the Norwegian Food Act § 28.

The charge relates to the company’s handling of smolt delivery from an external supplier to the company’s site Fartøyvika, in July 2021.

The company cooperates with the police.

For more information, please contact:

Interim CEO Klaus Hatlebrekke, +47 975 16 757

CFO Ola Loe, +47 911 79 411

Norway Royal Salmon ASA (NRS) - Mandatory notification of trade

Nyhamn AS has on 18 November 2021 purchased 171,000 shares in Norway Royal Salmon ASA (NRS) at an average price of NOK 174.69 per share.

Nyhamn AS is considered a company that is a close associate of member of the Board and primary insider of NRS, Ingri Marie Sivertsen.

This notification has been submitted pursuant to the Securities Trading Act § 5 -12 and MAR Article 19 no. 3.

21 11 18 Attachment Nyhamn AS (pdf)

Norway Royal Salmon (NRS): Q3 21 - Operational EBIT of MNOK 89

Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 89 for the third quarter of 2021 and EBIT per kg of NOK 12.13. Corresponding figures for the same quarter last year were MNOK 35 and NOK 4.21.

- It is gratifying that the production costs are lower, and the prices are higher in this quarter than in the corresponding quarter last year. At the same time is operational EBIT impacted by high non-recurring costs associated with NTS' mandatory offer for the company, as well as incidents at external smolt suppliers which meant that NRS had to cull smolts. The culling of smolts has reduced this year’s release of smolts and will have a negative effect on the harvest volume in 2022. We are pleased that the production at our new smolt facility in Dåfjord has been good, this will secure NRS smolt from next spring, says interim CEO Klaus Hatlebrekke

At the end of the third quarter, NRS has a solid financial position with MNOK 1 448 in unutilised credit facilities and MNOK 80 in bank deposits. Payments for the growth investments in Arctic Offshore Farming and the new smolt facility, as well as the build-up of the biomass in the sea explains the increase in the interest-bearing debt of MNOK 190 to MNOK 2 185 in the third quarter. The equity increased by MNOK 102 to MNOK 4 421, which equates an equity ratio of 55 %.

Farming Norway

Farming Norway posted an operational EBIT of MNOK 105.8 in the quarter, compared with MNOK 42.3 in the corresponding quarter last year. Operational EBIT per kg gutted weight was NOK 12.69 compared with NOK 4.21 in the corresponding quarter last year. Farming Norway harvested 8 340 tonnes gutted weight in the quarter, a decrease of 17 % from the same quarter last year. Sold volume from the sales business in the quarter was 20 167 tonnes salmon, which is 26 % lower than in the corresponding quarter last year.

Farming Iceland

Farming Iceland posted an operational EBIT of MNOK 30.9 in the quarter, compared with MNOK 0.8 in the corresponding quarter last year. Operational EBIT per kg gutted weight was NOK 10.55 compared with NOK 0.30 in the corresponding quarter last year. Farming Iceland harvested 2 925 tonnes gutted weight in the quarter, which is 5 % higher than in the same quarter last year.

For 2021, the total harvest volume of the group is expected to be 48 000 tonnes, of which 36 500 tonnes in Norway and 11 500 tonnes in Iceland. This is an increase of 20 % for Norway and 55 % for Iceland compared to 2020. For 2022, the total harvest volume of the group is expected to be 51 500 tonnes, of which 38 500 tonnes in Norway and 13 000 tonnes in Iceland. Estimated smolt release for 2021 is 11.2 million smolts, of which 8.4 million in Norway and 2.8 million in Iceland. For 2022, the smolt release is estimated to be 15.6 million, of which 12.1 in Norway and 3.5 million in Iceland.

- NRS believes that sustainable salmon production is very important for our long-term economic value creation. NRS works to achieve the strictest environmental certificate in our industry, the Aquaculture Stewardship Council (ASC) standard. ASC certified fish are produced in a responsible and sustainable way within very strict requirements. NRS has now achieved ASC certification at all our active sites, both in Norway and Iceland. We have worked towards this goal for several years and NRS is one of the few companies in the world that has achieved 100 % ASC certification. NRS has started the electrification of the feed barges at our fish farms in Norway. The solutions for our feed barges are either batteries charged with fossil fuels (hybrid) or batteries charged from the onshore power grid. 89 % of the feed barges in Norway have now installed batteries and operate on a hybrid solution. As a result of this, we expect a significant reduction in carbon emissions as well as a more cost-effective power supply, says Klaus Hatlebrekke.

For more information, please contact:

  • Interim CEO Klaus Hatlebrekke, +47 975 16 757
  • CFO Ola Loe, +47 911 79 411

Norway Royal Salmon in brief

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming in Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.

NRS_Quarterly_Report_2021_Q3 (pdf)
NRS_Presentation_2021_Q3 (pdf)

Norway Royal Salmon (NRS): Invitation to presentation and Webcast of Q3 2021 on 9 November 2021 at 08:00 am (CET)

Norway Royal Salmon will present the interim report for the 3rd quarter 2021 on Tuesday 9th November 2021 at hrs 08:00 CET at Hotel Continental, Stortingsgaten 24/26 in Oslo. The presentation will also be available as a webcast at hrs 08:00 CET in Norwegian on NRS's website www.norwayroyalsalmon.com. Participants will have the opportunity to submit questions online throughout the webcast and a Q&A session will be held at the end of the presentation.

A recording of the webcast in Norwegian will be made available on our website www.norwayroyalsalmon.com immediately after the presentation and an English version will be available at 10:30 (CET) the same day.

The company's Interim CEO Klaus Hatlebrekke and CFO Ola Loe will represent the company.

Please note that the quarterly report and presentation will be published at 06:30 CET.

For further information, please contact:

CFO Ola Loe

Phone: +47 911 79 411

E-mail: ola.loe@salmon.no

This information is subject to the disclose requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act

Norway Royal Salmon ASA (NRS): Q3-21 Trading update

Harvested volumes for the third quarter 2021 were 11.2 thousand tonnes gutted weight, distributed
to the below segments:

  • Farming Norway                   : 8.3 thousand tonnes gutted weight
  • Farming Iceland                    : 2.9 thousand tonnes gutted weight

The complete Q3 2021 report will be released on 9 November 2021 at 06:30 CET.

For further information, please contact:

Ola Loe, CFO

Mob: + 47 911 79 411

Mail: ola.loe@salmon.no

Norway Royal Salmon in brief:

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming on Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Norway Royal Salmon ASA (NRS): Initiation of strategic dialogue with NTS ASA regarding potential combination with SalmoNor

NTS ASA (“NTS”), the majority owner of NRS, has notified NRS that its Board has resolved to initiate a strategic dialogue between NTS and NRS in relation to a potential combination of NRS and SalmoNor (“Salmonor”), cf the notice published on ticker NTS concurrently with this notice.

SalmoNor is the result of the to be completed merger between Midt-Norsk Havbruk AS and SalmoNor AS, two companies which are 100% owned by NTS. SalmoNor is a well-driven, fully integrated salmon farmer with its own production of smolt as well as majority ownership (74 %) in harvesting, and is located in an attractive production area in Trøndelag with solid operational and financial track record.  SalmoNor had good operational performance during first half of 2021 and estimates a total harvest volume in 2021 of approx. 37,000 tonnes head-on-gutted weight (“HOG”).

NTS and NRS see significant synergy potential in combining the two companies creating a fully integrated, large-scale salmon farmer with an attractive license portfolio in top-performing regions. Combined, NRS and SalmoNor will have a harvest potential of approx. 100.000 HOG in Norway and expected 24,000 tonnes HOG in Iceland through Arctic Fish. Management in both companies see clear strategic rationale and value creation potential in combining SalmoNor’s operational best practices with NRS’ growth opportunities.

NRS and NTS expect more details around a potential transaction structure and timing to be announced in due course.

This information is considered inside information and has been submitted pursuant to the Market Abuse Directive (MAR). The notification is submitted on behalf of Norway Royal Salmon ASA by Bjørn Kleven, Group accounting manager, at 14.00 CET, 30 September 2021.

For more information, please contact:

Interim CEO Klaus Hatlebrekke, +47 975 16 757

CFO Ola Loe, +47 911 79 411

About NRS:

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming in Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Norway Royal Salmon ASA (NRS): Change in CEO

Trondheim, 30 September 2021. The CEO of Norway Royal Salmon ASA (“NRS”), Charles Høstlund, will resign from his position as CEO. Klaus Hatlebrekke, currently COO Business Development, will step in as interim CEO. The appointment is effective as of today 30 September 2021.

As the company enters an initiation of strategic dialogue with NTS ASA regarding potential combination with SalmoNor, Charles Høstlund and The Board is in an agreement that it is good timing for a CEO change.

Charles Høstlund will continue as board member of Arctic Fish (Iceland) and associated farming companies in Norway. He will for a transitional period remain available for the board and management team of NRS.

“I am proud and humble to have been trusted to lead the company in this interim period and look forward to start the strategic dialogue between the companies. Our values, employees and investments forms a good foundation for realizing our potential”, says Klaus Hatlebrekke.

“It has been a privilege to lead this team of collages for the last 7 years. Norway Royal Salmon is committed by its name and this commitment is truly visible in the way we interact both within the company and with customers and partners. I am proud of what we have developed and NRS is well positioned for future growth”, says Charles Høstlund.

I would like to thank Charles Høstlund for his commitment and achievements and wish him the best of luck in future endeavors, says Helge Gåsø – Chairman of the board of NRS.

For more information, please contact:

Chariman Helge Gåsø, +47 901 01 101

Interim CEO Klaus Hatlebrekke,  +47 975 16 757

About Norway Royal Salmon:

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming on Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act

Norway Royal Salmon ASA (NRS): Extraordinary General Meeting

An Extraordinary General Meeting in Norway Royal Salmon ASA (NRS) was held Thursday 30 September 2021 at 01.00 p.m. All the proposals from the Board and the Nomination Committee were approved and the new Board of Directors in NRS consists of:

  1. Helge Gåsø                               
  2. Trude Olafsen                           
  3. Karl-Johan Bakken                    
  4. Grete Rekkebo Brovold              (Elected for 2 years)
  5. Lillian Bondø                              (Elected for 1 year)
  6. Ingri Marie Sivertsen                   (Elected for 2 years)
  7. Dagfinn Eliassen                        (Elected for 2 years)
  8. Roald Dolmen                            (Elected for 1 year)

Please find enclosed the minutes of the Annual General Meeting of NRS held 30 September 2021.

For further information, please contact:

Ola Loe, CFO

Mob: + 47 911 79 411

Mail: ola.loe@salmon.no

About Norway Royal Salmon:

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming on Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act

21 09 30 Minutes EGM (pdf)

Norway Royal Salmon ASA (NRS): Nomination of new board members for election at the extraordinary general meeting

Reference is made to the stock exchange announcement of NRS (“NRS”) dated 6 September 2021 regarding the notice of the extraordinary General Meeting of NRS to be held on Thursday 30 September 2021 at 13:00 CEST.

The main shareholder in Norway Royal Salmon ASA, NTS ASA, nominates the following board members for election to the board of Norway Royal Salmon ASA:

  1. Helge Gåsø                                (Not up for election)
  2. Trude Olafsen                            (Not up for election)
  3. Karl-Johan Bakken                     (Not up for election)
  4. Grete Rekkebo Brovold              (New election for 2 years)
  5. Lillian Bondø                              (New election for 1 year)
  6. Ingri Marie Sivertsen                   (New election for 2 years)
  7. Dagfinn Eliassen                        (New election for 2 years)
  8. Roald Dolmen                            (New election for 1 year)

About Norway Royal Salmon:

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming in Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act

21 09 24 EGM notice EO 2021_ (pdf)

Norway Royal Salmon (NRS): Notice to extraordinary General Meeting

Notice is hereby given of an Extraordinary General Meeting in Norway Royal Salmon ASA  Thursday 30 September 2021 at 1.00 p.m, Ferjemannsveien 10, Trondheim. Please find the notice of the Extraordinary General Meeting enclosed.

For further information, please contact:

Ola Loe, CFO: + 47 911 79 411

 

Norway Royal Salmon in brief:
The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming in Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com

This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

21 09 06 EXGA-notice 2021 (pdf)

Norway Royal Salmon ASA (NRS): Correction of the result in mandatory offer to acquire all shares in Norway Royal Salmon ASA

This is a copy of the stock exchange announcement from NTS ASA of 30 August 2021 on ticker "NTS".

Reference is made to the announcement made by NTS ASA (“NTS”) on 27. august 2021 regarding the updated number of acceptances received in the mandatory offer for all shares in Norway Royal Salmon ASA (“NRS”). In the announcement, it was stated that NTS had received acceptances for a total of 13,606,178 shares, corresponding to 31.23% of the total number of shares and votes in NRS. Following an additional revised counting, including confirmation of shares tendered by holders of nominee accounts it is now clear that NTS has received acceptances for in total 13,414,758 shares, equal to 30,79% of the shares issued in NRS. NTS already holds 16.275.662 shares in NRS,and will following completion of the Offer hold in total 29,690,420 shares, corresponding to 68.14% of the total number of shares and votes in NRS.

This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.

Norway Royal Salmon ASA (NRS): Final result in mandatory offer to acquire all shares in Norway Royal Salmon ASA – correction and notification of mandatory notification of trade

This is a copy of the stock exchange announcement from NTS ASA of 27 August 2021 on ticker "NTS".

Reference is made to the announcement made by NTS ASA (“NTS”) on 26. august 2021 regarding the total number of acceptances received in the mandatory offer for all shares in Norway Royal Salmon ASA (“NRS”). In the announcement, it was stated that NTS had received acceptances for a total of 14,409,528 shares, corresponding to 33.1% of the total number of shares and votes in NRS. Following a revised counting, it is now clear that NTS has received acceptances for in total 13,606,178 shares, equal to 31.22% of the shares issued in NRS. NTS already holds 16,333,662 shares in NRS, including the 200,000 shares acquired in the market yesterday, and will following completion of the Offer hold in total 29,939,840 shares, corresponding to 68.7% of the total number of shares and votes in NRS.

This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.

21 08 27_Meldepliktig handel_NTS_kjøp_Vedlegg (pdf)

Norway Royal Salmon ASA (NRS): Final result in mandatory offer to acquire all shares in Norway Royal Salmon ASA

This is a copy of the stock exchange announcement from NTS ASA of 26 August 2021 on ticker "NTS"

Reference is made to the offer document dated 16 July 2021 (the "Offer Document") prepared in connection with the mandatory offer to purchase all remaining shares in Norway Royal Salmon ASA ("NRS") not already owned by NTS ASA (the “Offeror” or "NTS"), Midt-Norsk Havbruk AS or Gåsø Næringsutvikling AS (collectively, the "Consolidated Parties"), at a purchase price of NOK 209 per Share (the "Offer Price") ("Offer"), and the stock exchange announcement made by the Offeror on 13 August 2021 regarding amendment of the Offer Price to NOK 240 per share and extension of the offer period in the Offer to 26 August 2021 at 16:30 (CEST). The offer period expired today at 16:30 (CEST).

NTS had at the time of expiry of the offer period received acceptances for a total of 14,409,528 shares, corresponding to 33.1 % of the total number of shares and votes in NRS and 200,000 shares acquired in the market during 26. August 2021. NTS already holds 16,133,662 shares in NRS, and will following completion of the Offer hold in total 30,743,190 shares, corresponding to 70.6% of the total number of shares and votes in NRS. The number of acceptances received in the Offer may change based on final counting.

Shareholders who have accepted the Offer will receive settlement in NOK as soon as reasonable possible and no later than two weeks after the expiry of the offer period, being 9 September 2021.

Danske Bank, Norwegian Branch and Nordea Bank Abp, filial i Norge are acting as financial advisors to the Offeror in connection with the Offer. Arntzen de Besche Advokatfirma AS is the Offerors legal advisor in connection with the Offer.

This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.

Norway Royal Salmon ASA (NRS): Flagging

Reference is made to NTS ASA's («NTS») mandatory bid for all outstanding shares in Norway Royal Salomon ASA («NRS»). On 26 August 2021, Norway Fresh AS accepted the offer of NOK 240 per share, and thus sells its 4,496,708 shares in NRS. This corresponds to 10.32% of the issued shares and votes in NRS. Following the transaction, Norway Fresh AS will no longer have ownership or voting rights in NRS. The flagging is triggered because Norway Fresh AS accepts NTS's mandatory offer, and thus Norway Fresh's ownership falls below 10%.

Norway Royal Salmon ASA (NRS) - Mandatory notification of trade

Reference is made to NTS ASA's («NTS») mandatory bid for all outstanding shares in Norway Royal Salomon ASA («NRS»). Høstlund Invest AS, which is closely related to Charles Høstlund, CEO of Norway Royal Salmon ASA, has on 26 August 2021 accepted the offer of NOK 240 per share, and thus sells its 160,082 shares in NRS.

21 08 26 Vedlegg Høstlund Invest (pdf)


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The prerequisite for good corporate governance is a clear and transparent relationship between owners, the board of directors and management. Good corporate governance will instil confidence and trust among all interested parties and will provide a firm basis on which to create value and good results. Good corporate governance is important to Norway Royal Salmon (“NRS” or the “Company”) and the Company’s principles of corporate governance have been drawn up in accordance with the Norwegian Code of Practice for Corporate Governance.

Business
The Company’s object is to engage in the production, processing, trading and distribution of seafood, and participate in other companies associated with the seafood industry. The Company’s further object is to engage in quality assurance and chain management for partner companies.

The Company’s core value is the fundamental belief that better results can be achieved both for companies and for the local community if companies are involved in the community and if they exercise authority and leadership.

The following strategic key points have been adopted by the board of directors:

  • NRS shall be an efficient and profitable aquaculture company.
  • NRS shall rune an effective and profitable sales organisation.
  • NRS shall provide a competitive return on investment to its shareholders.
  • NRS shall offer affiliated producers economies of scale with respect to sales, procurement, quality assurance an other imoportant services.
  • NRS wishes to be a shareholder in companies associated with aquaculture industry.

Equity and dividends
The Company shall maintain a level of equity appropriate to the Company’s objectives, strategy and risk profile. The Company’s aim is for shareholder returns to reflect the value created by the Company and convert into dividends, as well as an increased share price. Dividends shall remain stable over time and shall make up 30-40% of the group’s net profit, provided that the Company’s own capital requirements have been met. Over time, monetary value shall be created by way of share price rises rather than paid-out dividends.


Equal treatment of shareholders and freely negotiable shares

It is the Company’s policy to treat all shareholders equally. Shareholders shall not be subjected to differential treatment without basis in the Company or the shareholders’ commonality of interest. The Company’s shares are freely negotiable and there are no restrictions on the purchase and sale of the Company’s shares beyond that which follows from Norwegian law. All shares belong to a single class, and each share has one vote at the Company’s general meetings.

General Meeting
An ordinary annual general meeting shall be held within six months of the end of each financial year. Extraordinary general meetings may be called by the board of directors at any time.

All shareholders shall receive a written invitation to attend the general meeting. Motions and necessary background information along with documents to be produced at the general meeting shall be made available on the Company’s website no later than 21 days before the general meeting. Shareholders who are unable to attend may vote by proxy.

The general meeting shall elect members to the board of directors, set the level of remuneration of board members, adopt the annual accounts and board of directors report and consider any other matters pertaining to the general meeting according to laws or regulations. The chairman of the board of directors, the management and the auditor shall attend the ordinary general meeting.

Nomination committee
The Company’s nomination committee comprises three members elected by the general meeting for two year at a time. The nomination committee shall put forward proposals to the general meeting on the election of members and deputy members to the board of directors. The recommendation fore the chair of the board is given separately.Their proposals shall be justified. The nomination committee shall give a recommendiaton for the remuneration for the members of the board of directors.

Composition and independence of the board of directors
The composition of the board of directors is designed to protect the common interests of the shareholders and the Company’s need for expertise, capacity and diversity. The board of directors shall be composed in such a way that it can act independently of special interests. Executive staff, and material business contacts and at least two of the members elected by the shareholders shall be independent of the Company’s main shareholders.
Members of the board of directors shall be elected for a period of two years at a time.

The work of the board of directors
The board of directors has the overall responsibility for the management of the Company. The chief executive shall be elected by the board of directors and shall have a duty to report to the board. A separate set of instructions for the board of directors defines the cases to be considered by the board of directors and its areas of responsibility, along with the responsibilities of the chief executive.

Risk management and internal controls
Efficient management focusing on risk and good internal controls is an overarching criterion for the success of NRS and forms an integrated part of its business operations. The ability to plan, structure, implement and evaluate projects is an important part of the business. The Company is governed according to set financial targets. Reporting takes place on a monthly basis and includes both financial and non-financial parameters. Focus is on profitability and risk linked to each area of business. Emphasis is placed on following up results, and focus is directed towards measures in areas that are not achieving the desired level of growth. The aim of risk management and internal controls is to handle risks linked to the business and to improve the quality of financial reporting. Effective risk management and internal controls help protect the shareholders’ investments and the Company’s assets. The board of directors believes NRS has effective internal controls and a level of risk management appropriate to the business.

Remuneration of the board of directors
Remuneration of the board of directors shall reflect the board’s responsibilities, expertise and time use, as well as the complexity of the business. Remuneration shall not be linked to financial results. Options shall not be issued to members of the board of directors. Remuneration shall be set by the general meeting based on recommendiation of the nomination committee. Further information about remuneration of the board of directors is given in the notes to the annual accounts.

Remuneration of executive staff
Remuneration of the chief executive shall be set by the board of directors. The remuneration comprises a fixed salary and a variable part (bonus), which is dependent on achieving set goals.

Information and communication
NRS shall ensure that all shareholders receive accurate, clear, relevant and timely information concerning all matters of financial importance to the shareholders. Financial information is published on NRS’ website and in press releases. The annual report and quarterly reports are published in both Norwegian and English.

Takeovers
In the event of a takeover bid, the board of directors shall not seek to prevent or obstruct such a bid being made for the Company’s business or shares, unless there are particular grounds for doing so. If a bid is made for the Company’s shares, the board of directors shall issue a statement with an assessment of the bid and a recommendation as to whether or not shareholders should accept it. The board of directors’ statement will specify whether the assessment was unanimous.

Auditor
The auditor shall participate in board meetings at which the annual accounts are being discussed. Each year the auditor shall present a main outline of the auditing of the Company to the board of directors.


Board
Management
  • Helge Gåsø

    (1961), Chair

    Helge Gåsø has extensive experience of the build-up, operation and development of fish farming businesses. He took part in building up Frøya Fiskeindustri, subsequently Hydro Seafood and Midnor Havbruk. He resides Hamarvik, Frøya in Norway.

  • Trude Olafsen

    (1963), Vice Chair

    Trude Olafsen is graduated Cand. Agric. within aquaculture from the Norwegian University of Life Sciences. She is employed in AKVA Group with the responsibility for business development. She has worked in various organizations in the seafood industry and within research/consulting, in addition to have held several elected positions in the industry. She resides in Trondheim, Norway.

  • Karl-Johan Bakken

    Board member

    Karl-Johan Bakken holds a MSC in Marine Engineering (NTH). He has held senior positions in several major companies (the Ulstein Group and Farstad Shipping ASA) and is currently CEO of Remøy Group AS. He has and has held a number of board positions in major Norwegian and international companies, among others the Norges Rederiforbund and Det Norske Veritas.



  • Grete Rekkebo Brovold

    Board Member


  • Lillian Bondø

    Board member

    .

  • Inger Marie Sivertsen

    Board member


  • Roald Dolmen

    Board member



  • Klaus Hatlebrekke

    (1974), CEO (Interim)

    Mr. Hatlebrekke has during the past ten years been working as an analyst of the seafood sector at DNB Markets. Mr. Hatlebrekke holds a Master degree in Business and Economics from Norwegian School of Management. He joined NRS in April 2012 and resides in Trondheim, Norway.

  • Ola Loe

    (1966), CFO

    Ola Loe is a Certified Public Accountant from the Norwegian School of Economics and Business Administration (NHH). Prior to joining Norway Royal Salmon in 2009, he worked as a senior manager at KPMG and as group auditor for Cermaq, Norway Pelagic, Fjord Seafood and Midnor Group. Mr. Loe is a Norwegian citizen and resides in Trondheim, Norway.

  • Anne-Sofie Utne

    (1961), COO Business Development (Interim)

    Mrs Utne holds  a Master degree in economics from NMBU with further education in Financial Analysis from NHH. She has extensive experience from  jobs related to the aquaculture industry, including 14 years related to financing of the Seafood Business and 12 years within business consulting related to the Aquaculture industry in Norway. Mrs Utne joined NRS in 2019 and resides in Stjørdal. 

  • John Gunnar Grindskar

    (1970), COO Farming


Election Committee
  • Kristine Landmark

    Leader


  • Solveig Gaasø

    Member


  • Harry Bøe

    Member