ABGSC acted as Sole Manager and Bookrunner in the NOK 150 million private placement in Andfjord Salmon AS

Andfjord Salmon AS (”Andfjord Salmon” or the “Company”) announced on Friday 12 June 2020 the successful completion of a private placement of new shares for gross proceeds of NOK 150 million. The private placement was marketed with a fixed price of NOK 40.00 per share, corresponding to an equity value of Andfjord Salmon of approximately NOK 1.2 billion on a pre-money basis.
The private placement attracted very strong interest from high quality institutional investors and was multiple times over-subscribed. On this basis, the private placement was upsized from NOK 120 million at launch to NOK 150 million. In addition to pre-commitments from existing shareholders of NOK 20 million, DNB Asset Management (NOK 25 million), Nordea Investment Management (NOK 25 million) and Toluma Norden AS (NOK 10 million) acted as cornerstone investors in the private placement and received combined a total allocation of 40% of the shares on offer.
In connection with the private placement, the Company will list its shares on Merkur Market and the first day of trading in the shares on Merkur Market is expected to be in the week commencing 22 June 2020.