NORCOD – Process with The Norwegian Directorate of Fisheries

30 Jan 2023 08:55 CET

NORCOD – Process with The Norwegian Directorate of Fisheries
Certain findings have been made on simple individuals of the stock within the
biomass at one of Norcod’s approved facilities which may indicate that parts of
the biomass may evolve into mature for spawning within the remaining part of the
planned period for harvesting. The Norwegian Directorate of Fisheries (Fdir) has
given notice to Norcod that it is considering imposing measures that will imply
an accelerated harvesting process compared to the originally approved plans.
Fdir has requested Norcod to provide complementary information and the company’s
views as to how the findings may best be dealt with within an environmentally
sound framework.

Norcod will respond to Fdir’s request through making further investigations and
analyses, which will then be provided to Fdir, to provide the best possible
basis to consider the extent of this matter, which measures may reaonsably be
implemented, including any need for an accelerated harvesting of the fish.
Maturation and an accelerated harvesting will have an impact on the company’s
previous estimated biomass, size of fish, and the aggregate volume ready for
harvesting.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 3.9.1 of the Euronext Growth Oslo Rule
Book part II. This stock exchange announcement was published by Christian Riber,
CEO, on 30 January 2023, at 8:55 CET.

More information:
Access the news on Oslo Bors NewsWeb site