Proximar Seafood: key affiliates convert bonds to shares

Proximar Seafood AS has reported a series of significant bond-to-share conversions by entities closely associated with its board of directors. Grieg Kapital AS, an enterprise linked to board member Per Grieg, converted NOK 42,908,726 worth of bonds into an equal volume of shares. This transaction, executed outside a trading venue, took place on October 20, 2025.

Similarly, Kvasshøgdi AS, another closely associated enterprise of Per Grieg, converted NOK 15,509,178 in bonds to shares on the same date. Joachim WG AS also participated, converting NOK 2,067,890 of bonds into shares. Each of these conversions was executed at a price of NOK 1 per share.

Furthermore, Orkan Konsult AS, an entity associated with Kjell-Erik Østdahl, chairperson of the board, converted NOK 2,067,890 in bonds to shares. These aggregated transactions underscore a unified move by key stakeholders to convert their bond holdings into equity, demonstrating a notable shift in their investment structure within Proximar Seafood AS.