Insider buys Atlantic Sapphire shares for €3.5m

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Runar Vatne, board member and primary insider, has today acquired 300,000 shares in Atlantic Sapphire at an average price per share of NOK 118 through Vatne Equity.

Following the transaction, Runar Vatne through his companies holds a total of 3,300,000 shares in Atlantic Sapphire, corresponding to 4.6% of the company.

Atlantic Sapphire has been operating its innovation center in Hvide Sande, Denmark since 2011.

The company is well underway with construction of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually, beginning in Q3, 2020, according to a statement from Atlantic Sapphire.

The company has also secured the key US water permits to produce up to 90,000 tons onsite, and a targeted harvest volume in 2031 of 220,000 tons.