Averøy, 12 March 2025
Nordic Halibut AS ("NOHAL") is pleased to announce that an agreement has been
entered into with Pure Norwegian Seafood AS (PNS) giving NOHAL a right to use
PNS' processing facilities at Averøy.
An agreement has also been entered into between NOHAL and PNS' principal
shareholder, Måsøval AS, pursuant to which NOHAL is given the option to purchase
100% of the shares in PNS for an undisclosed purchase price, subject to
necessary agreements being entered into by Måsøval with the minority
shareholders in PNS.
Access to PNS' processing facility will be an important factor in NOHAL's
planned scale-up of production volumes during the coming years, targeting an
annual production of 10,350 tonnes HOG by 2031.
"We are pleased to partner with PNS and look forward to integrating their
skilled personnel into our operations. This collaboration not only strengthens
our production capabilities but also underscores our dedication to securing and
creating jobs locally.
With this partnership, we are taking the final step toward achieving full
control over our entire value chain—from genetics to harvesting, processing, and
value-added production. Controlling the complete value chain allows us to
maintain the highest quality standards and optimize efficiency.
By investing in local expertise and integrating every stage of production, we
are securing long-term stability, strengthening our market position, and
promoting economic development in the region" says CEO, Edvard Henden
About PNS' processing facility:
PNS is a processing facility, based in Averøy, Møre og Romsdal, renowned for its
high-quality services. The processing plant has a highly flexible production
line that is adaptable to processing multiple species. The production facility
also has capacities for sanitary slaughtering as well as significant freezing
capabilities.
For more information, please contact:
CEO Edvard Henden
+47 911 41 165
or
CFO Are Strand
+47 91539232
This information is considered to include inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This
announcement was published by the Company's CFO, Are Strand, on 12 March 2025 at
08:00 CET.
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