Salmon Evolution trades on Oslo Børs
SHARES in land-based fish farmer Salmon Evolution ASA are now being traded on the Oslo Børs stock exchange.
The company has published a prospectus for investors but has said that no new shares will be offered in connection with the listing.
On 7 July 2021 the Oslo Stock Exchange announced that the Oslo Børs had approved the company’s application for listing. The shares were previously listed on the Euronext Growth (Oslo) market.
Salmon Evolution is constructing a large RAS (recirculating aquaculture system) farm at Indre Harøy in Norway, and earlier this year agreed a joint venture with Dongwon Industries to build and operate a land-based salmon farm in South Korea.
In April, the company cancelled a further fundraising exercise after its shares dipped below the offer price. However, in its report for Q1 of this year, Salmon Evolution said it was still on track to produce around 25,000 tonnes per year by 2024.