Directors increase shareholding in Atlantic Sapphire after price plunge

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Insiders trade in land-based salmon farmer.

Runar Vatne, board member and primary insider, has today acquired 350,000 shares in Atlantic Sapphire at an average price per share of NOK 92 through Vatne Equity, the salmon farmer posted on the Oslo Stock Exchange.

Following the transaction, Runar Vatne through his companies holds a total of 4,050,000 shares in Atlantic Sapphire corresponding to 5.7 per cent of the outstanding shares and votes.

Further, Andre Skarbø, board member and primary insider, has today acquired 21,000 shares in Atlantic Sapphire at an average price per share of NOK 95.49 through ASInvest.

Following the transaction, Andre Skarbø through his companies holds a total of 712 479 shares in Atlantic Sapphire, corresponding to 1 per cent of the outstanding shares and votes.

The value of Atlantic Sapphire has fallen sharply in price over the past month after it lost 227,000 fish in Denmark, followed by the global shares plunge on Monday.