Proximar Seafood secures refinancing, approves capital increase

Proximar Seafood AS held an extraordinary general meeting on September 17, 2025, where key resolutions for a refinancing plan were passed. Shareholders approved a capital increase of NOK 15,000,000 through the issuance of 150,000,000 new shares, each with a nominal value of NOK 0.1, as part of a rights issue. The subscription price per share is set at NOK 1, aiming to raise gross proceeds of NOK 150 million. The subscription period is scheduled to run from September 22, 2025, to October 6, 2025.

Additionally, the company will increase its share capital by NOK 1,350,000 through the issuance of 13,500,000 new shares to underwriters, compensating them for a NOK 13,500,000 underwriting fee. This fee, representing 9% of the total underwritten amount, will be settled by offsetting receivables against the new shares.

The maturity date of the company's convertible bond issue was extended by 15 months to January 27, 2027, and the interest rate will be reduced from 7.00% to 5.00% per annum effective October 2025. A temporary conversion price of NOK 1.00 per share was also introduced for conversion rights exercised between September 2, 2025, and September 18, 2025.