Kaldvik AS
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Ísfélag hf. participation in financing of Austur Holding AS in connection with Kaldvik AS share capital increase
Globenewswire· 2025-06-19 16:25
Group 1 - The company, Ísfélag hf., holds a 29.3% stake in Austur Holding AS and is participating in the financing of Austur related to a share capital increase of Kaldvik AS [1] - Kaldvik AS conducted a private placement of 38,011,500 new shares for a total subscription amount of NOK 532 million (approximately EUR 46.2 million), with Austur allocated 27,045,027 shares, representing about 71.2% of the total allocation [1] - Following the private placement, Austur will increase its shareholding in Kaldvik AS from 54.06% to 57.35% after settling its allocated portion of the new shares [2] Group 2 - The financing provided by Ísfélag to Austur amounts to NOK 341 million (approximately EUR 29.7 million), which includes an equity contribution and convertible shareholder loans [2] - The investment aligns with the company's strategy to diversify its revenue streams and support the ongoing development of Kaldvik AS [3]
Kaldvik AS: MANDATORY NOTIFICATION OF TRADE PRIMARY INSIDERS
Globenewswire· 2025-06-10 10:44
Reykjavík, 10 June 2025: Austur Holding AS, the largest shareholder of Kaldvik AS (the "Company"), has purchased 860,000 shares in the Company at a price of NOK 14 per share. Please refer to the attached notification of trading for further details. For further information, please contact: Róbert Róbertsson, CFO: +354 843 0086 (mobile) This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12. At ...
Kaldvik AS - Mandatory notification of trade by closely associated persons of a primary insider (update)
Globenewswire· 2025-06-04 16:33
Group 1 - The issuance of new shares in Kaldvik AS was announced on 22 April 2025 [1] - Heimstø AS and Ósval ehf., associates of a primary insider, have completed transactions in Kaldvik AS shares [1] - The transactions are detailed in attached notifications of trading [1] Group 2 - The information is subject to disclosure requirements under the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12 [2] - Attachments include notifications related to the transactions by Heimstø AS and Ósval ehf [3]
Kaldvík AS – New debt financing and launch of a pre-committed private placement to raise gross proceeds of the NOK equivalent of approximately EUR 46.2 million
Globenewswire· 2025-06-04 15:59
Core Viewpoint - Kaldvik AS is planning a private placement to raise approximately EUR 46.2 million through the issuance of new shares, which is part of a refinancing package to support its operations and financial obligations [2][4]. Group 1: Private Placement Details - The private placement aims to raise gross proceeds of approximately EUR 46.2 million, with an offer price set at NOK 14 per share [2]. - The placement will be divided into two tranches, with Tranche 1 consisting of 5,976,172 shares, and Tranche 2 will include additional shares necessary to meet the total gross proceeds [7]. - The application period for the private placement starts on June 4, 2025, and ends on June 5, 2025, with the company reserving the right to modify the application period [6]. Group 2: Use of Proceeds - The net proceeds from the private placement, along with new debt financing, will be utilized for biomass build-up, repayment of a bridge facility, shareholder loans, and general corporate purposes [4]. Group 3: Investor Commitments - The largest shareholder, Austur Holding AS, which owns 57.46% of the shares, has committed to subscribe for shares in the private placement [8]. - Other investors, including Laxar Eignarhaldsfelag ehf and Eskja Holding ehf, have also committed to subscribe for their pro-rata shares [8]. Group 4: Regulatory and Compliance Aspects - The private placement will be directed towards Norwegian and international investors, adhering to relevant exemptions from registration and prospectus requirements [11]. - The company has considered equal treatment obligations under Norwegian law and believes the transaction structure complies with these requirements [13]. Group 5: Timeline and Settlement - Settlement for Tranche 1 is expected around June 10, 2025, while Tranche 2 is anticipated to settle around June 23, 2025, subject to approval by an extraordinary general meeting [10].
Request to hold an extraordinary general meeting
Globenewswire· 2025-06-04 15:51
Core Points - Kaldvik AS received a request from shareholders representing approximately 30% of the shares to hold an extraordinary general meeting to investigate a recent acquisition transaction [1] - The transaction involved acquiring 100% of the shares in Mossi ehf., Djupskel ehf., and 33.3% of the shares in Bulandstindur ehf., completed on 25 March 2025 [1] - Shareholders are seeking further information regarding valuations and due diligence reports related to the transaction [2] Group 1 - The extraordinary general meeting will be called in accordance with the Norwegian Private Limited Companies Act [2] - If 10% or more of the share capital represented at the meeting votes in favor, shareholders may request an investigation [2] - The outcome of any potential investigation is uncertain [2]
Kaldvik AS - Mandatory notification of trade by closely associated persons of a primary insider
Globenewswire· 2025-06-04 15:28
Group 1 - The issuance of new shares in Kaldvik AS was announced on 22 April 2025 [1] - Heimstø AS and Ósval ehf., close associates to a primary insider of Kaldvik AS, have completed transactions in the Company's shares [1] - The information is subject to disclosure requirements under the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12 [1]
2024 Annual Report
Globenewswire· 2025-05-14 17:27
Core Insights - Kaldvik AS has approved its annual report for 2024, reflecting changes in operational costs and tax liabilities due to currency fluctuations [1] Financial Summary - Cost of materials decreased from EURm 68.4 to EURm 67.9, indicating a reduction of EURm 0.5 [1] - Other operational expenses decreased from EURm 24.4 to EURm 24.2, showing a reduction of EURm 0.2 [1] - The parent company, Kaldvik AS, has a tax payable of EURm 0.5 due to unfavorable currency fluctuations [1] Company Overview - Kaldvik AS is a leading salmon farmer in Iceland with a fully integrated value chain from hatchery to sales, providing sustainable premium products [1] - The company is dual-listed on Euronext Growth Oslo and First North Iceland Growth Market [1]
Kaldvik AS – Trading update Q1 2025
Globenewswire· 2025-05-02 10:24
Company Overview - Kaldvik AS is a leading salmon farmer in Iceland, known for its fully integrated value chain from hatchery to sales, which allows the company to offer sustainable premium products [1] - Kaldvik AS is dual-listed on Euronext Growth Oslo and First North Iceland Growth Market [1] Q1 2025 Harvest Data - The harvested volume for Q1 2025 was reported at 6.383 tonnes gutted weight (GWT) [1] - A complete report for Q1 2025 is scheduled for publication on May 21, 2025 [1]
New share capital registered
Globenewswire· 2025-04-26 15:34
Core Points - Kaldvik AS has announced the issuance of new shares to acquire key assets in the fish farming value chain on the east coast of Iceland [1] - The share capital increase has been registered, resulting in a new registered share capital of NOK 12,851,120.10, divided into 128,511,201 shares [2] Company Information - Each share carries one vote at the Company's general meeting and has a nominal value of NOK 0.10 [2] - Contact information for the CEO and CFO is provided for further inquiries [2]
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
Globenewswire· 2025-04-22 21:31
Group 1 - The company Kaldvik AS has completed the acquisition of 100% of the shares in Mossi ehf and Djupskel ehf, as well as 33.3% of the shares in Bulandstindur ehf [1] - The final purchase price for the shares in Djupskel and Bulandstindur has led to a capital increase of NOK 624,995.20 by issuing 6,249,952 new shares at a subscription price of NOK 27.60 per share [2] - After the capital increase, the company's total share capital will amount to NOK 12,851,120.10, divided into 128,511,201 shares with a nominal value of NOK 0.10 each [3] Group 2 - The final purchase price for the shares in Mossi has been settled at NOK 43,594,165, which will be paid through an unsecured, interest-free seller's credit maturing on 31 December 2025 [4] - Kaldvik has the option to settle the seller's credit in cash or in new shares at the previously mentioned subscription price, with an update to follow on the final decision [4] - Pareto Securities AS and AGP Advokater AS acted as financial and legal advisors respectively for Kaldvik during the transaction negotiations [5]