The Kingfish Company N.V. announced that it has completed a private placement of 24,224,781 shares at a price of NOK 8.410 per share for gross proceeds of NOK 203,730,408.21 on September 28, 2022. The transaction include participation from new investor, Stolt-Nielsen M.S. Ltd. for 9,237,663 shares, existing investors, Creadev S.A.S. for 6,680,065 shares, Rabo Corporate Investments B.V. for 4,764,034 shares, Claris B.V. for 1,746,318 shares and Kverva AS for 1,334,011 shares. The transaction is divided in two tranches, tranche 1 consisting of 6,774,016 shares representing approximately 10% of the outstanding shares in the company and tranche 2 consisting of 17,450,765 shares.

Stolt-Nielsen M.S. Ltd. has agreed to take delivery of its full allocation of shares in tranche 2.