At land-based salmon farmer Atlantic Sapphire’s upcoming annual general meeting (AGM) on May 12, the board will seek authority to increase the company’s share capital up to 20 percent and issue convertible bonds worth $150 million (€124.6 million).
The board wants to be given the authority to increase the share capital with up to NOK 1.6 million (€159,628/$192,169) through the issuance of up to 16 million new shares, with a face value of NOK 0.10 (€0.01/$0.01).
“The proposed authorization will give the board of directors flexibility to carry out share capital increases, including private placements, in a swift and efficient manner when required,” it said.
