The Norwegian Directorate of Fisheries has today informed Norway Royal Salmon / AKER that the concept "Arctic Offshore Farming" has progressed another step further in the process to be awarded development licenses. The Directorate has informed that they would go ahead with processing the application limited to 2995 tonnes in MAB, but did reject the application in terms of additional 8705 tonnes in MAB. Norway Royal Salmon / AKER applied for 15 development licenses (11700 tonnes in MAB). Norway Royal Salmon / AKER is pleased that the authority shares the view that the concept represents a potential new production solution within salmon farming, which may contribute to further develop the salmon farming industry. However, Norway Royal Salmon / Aker will strongly consider to appeal the decision to reject the remaining MAB tonnes.

For more information, please contact:
CEO Charles Høstlund, +47 9941 8449

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


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norway Royal Salmon ASA via Globenewswire
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