SalMar and NRS merger to be completed today

SalMar farming facility. Photo: SalMar ASA.
SalMar farming facility. Photo: SalMar ASA.

The board of directors of Norway Royal Salmon ASA (NRS) has resolved to carry out the merger with SalMar ASA. Also, the filing for completion of the merger has been lodged with the Norwegian Registry of Business Enterprises.

It is expected that the merger will be completed after the close of trading on Oslo Børs today. Consequently, it is expected that the last day of trading in the NRS shares will be today.

In addition, upon completion of the merger, SalMar will absorb all assets, rights, and obligations of NRS, and NRS will be dissolved.

Shareholders of NRS will receive merger consideration consisting of 0.303933 shares in SalMar and NOK 52.84 in cash for each share in NRS they own as of the expiry of the merger effective date. As such shareholders will appear in NRS' shareholders register with Euronext Securities Oslo at the expiry of 9 November 2022.

Subject to the registration of the merger at the time set out above, the merger consideration shares are expected to be delivered to eligible recipients' securities accounts with the VPS on 11 November 2022.

Any trade by investors in these shares before such delivery should be carried out in compliance with applicable short sale and other regulations.

Carnegie AS acts as financial advisor and Wikborg Rein Advokatfirma AS acts as legal advisor to NRS.

About SalMar

SalMar is one of the world's largest producers of farmed salmon. Its farming activity is developed along the coast of Norway. From Møre og Romsdal in the south to Troms of Finnmark in the north. InnovaMar, its main facility is co-located with the main office on Frøya in Trøndelag.

The company aims to safeguard the seas while maximizing the production at the terms of salmon. This includes contributing to the development of new technology. So, that we can continue to reduce the biological footprint of its production.

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