Oslo, 27 October 2020 – The seafood company Icelandic Salmon has today been admitted to trading on Merkur Market (ticker code: ISLAX-ME).
Icelandic Salmon is the largest salmon farmer in Iceland. Recently, Ocean Sun raised NOK 647 million through a private placement, consisting of NOK 500 million in new shares and NOK 147 million through sale of existing shares. The placement attracted strong interest from high-quality institutional investors and was substantially oversubscribed, reported Icelandic Salmon.
Icelandic Salmon intends to use the net proceeds from the equity issue to fund growth and develop its value chain.
The shares in the offering were sold at NOK 115 per share, corresponding to an equity value of NOK 3.56 billion.
About Icelandic Salmon Icelandic Salmon is the largest salmon farmer in Iceland by volume, and has nine salmon farming locations in three separate fjords. Icelandic Salmon has a fully integrated value-chain controlling all steps from hatchery to sales. Icelandic Salmon's farming facilities are strategically located in the west fjords of Iceland, a region that is well sheltered with stable and moderate temperatures in the sea with good tidal currents, thereby creating favourable conditions for salmon farming.