Andfjord Salmon Group AS announced that it expects to receive NOK 349.99998 million in funding from High Liner Foods Incorporated

Andfjord Salmon Group AS announced a private placement of 10,606,060 offer shares at a price of NOK 33 per share for gross proceeds of NOK 340,999,980 on May 22, 2024. The transaction includes participation from new investor, High Liner Foods Incorporated. High Liner Foods will receive an approximately 4.5% share ownership.

The Company's investment, which will be made from cash from operations, forms part of a larger capital raise by company that is expected to close in May 2024.