IFISH Ice Fish Farm AS

New share capital registered

New share capital registered

Frøya, Norway, 26 April 2025:

Reference is made to the stock exchange announcement by Kaldvik AS ("Kaldvik", the "Company") on 22 April 2025, regarding the issuance of new shares in connection with the acquisition of key assets in the fish farming value chain on the east-coast of Iceland.

The share capital increase has now been registered with the Norwegian Register of Business Enterprises. The Company’s new registered share capital is NOK 12,851,120.10, divided on 128,511,201 shares, each carrying one vote at the Company’s general meeting and each with a nominal value of NOK 0.10.

For further information, please contact:

Roy-Tore Rikardsen, CEO: (mobile)

Robert Robertsson, CFO: (mobile)

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



EN
26/04/2025

Underlying

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Reports on Ice Fish Farm AS

 PRESS RELEASE

New share capital registered

New share capital registered Frøya, Norway, 26 April 2025: Reference is made to the stock exchange announcement by Kaldvik AS ("Kaldvik", the "Company") on 22 April 2025, regarding the issuance of new shares in connection with the acquisition of key assets in the fish farming value chain on the east-coast of Iceland. The share capital increase has now been registered with the Norwegian Register of Business Enterprises. The Company’s new registered share capital is NOK 12,851,120.10, divided on 128,511,201 shares, each carrying one vote at the Company’s general meeting and each with a nom...

 PRESS RELEASE

Kaldvik AS issues new shares in connection with the acquisition of key...

Kaldvik AS issues new shares in connection with the acquisition of key assets in the fish farming value chain on the east-coast of Iceland Frøya, Norway, 22 April 2025: Reference is made to the announcement by Kaldvik AS ("Kaldvik", the "Company") on 25 March 2025 regarding the completion of the acquisition of (i) 100% of the shares in Mossi ehf. ("Mossi"), (ii) 100% of the shares in Djupskel ehf. ("Djupskel") and (iii) 33.3% of the shares in Bulandstindur ehf. ("Bulandstindur") (the "Transaction"). Following determination of the final purchase price for the shares in Djupskel and Bulands...

Alexander Aukner
  • Alexander Aukner

Time to revisit

The unfolding trade war has led us to cut our global 2025–2027e demand and trim our spot price estimates. The negative price effect is partly countered by reduced mortality boosting volumes and lowering costs, leading to net EPS cuts of 11–2%. Given the sector’s solid track record in adapting to past crises and recent share-price declines, we see a significantly improved risk/reward and have a positive stance on the sector. We have upgraded Mowi, Bakkafrost, and Grieg Seafood to BUY (HOLD).

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