Ice Fish Farm AS’s board has approved the share purchase of Laxar Fiskeldi ehf, moving forward the agreement between majority shareholders agreement made in December last year for Ice to acquire Laxar and its subsidiaries and to merge the two Icelandic salmon farming companies.
In a new Oslo stock exchange filing, Ice stated, “The board of directors of the company has today approved the draft share purchase agreement to effect the combination and closing of the transaction is expected to occur by end of Q2 2022. In connection with closing, the company will call for an EGM to approve the issuance of the 37,525,424 new consideration shares to the shareholders of Laxar, which will increase the total numbers of shares outstanding in the Company to 91,525,424.”
As previously reported by World Fishing & Aquaculture, the combined company will hold all granted licenses on the east coast of Iceland with a total maximum allowed biomass (MAB) of 36,800 tonnes, comprising 34,500 tonnes of fertile licenses and 2,300 tonnes of sterile licenses.
