Proximar Seafood plans to convert NOK 264.2 million in parent-company debt to equity

• Proximar Seafood reached an agreement in principle to convert approximately NOK 264.2 million of parent-company debt into equity at NOK 0.05 per share.
• At least NOK 60 million would be raised through a private placement, indicatively priced at NOK 0.025 per share, and perpetual hybrid bonds.
• The restructuring would eliminate parent-company interest-bearing debt, reducing annual interest costs and fees by approximately NOK 26 million.
• Approximately NOK 770 million of borrowing would remain at Japanese subsidiary Proximar Ltd.
• Completion is expected by December 2, 2026, conditional on November 27 shareholder approval, bondholder consent, third-party approvals and subsidiary bank-facility extensions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Proximar Seafood AS published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202611131743OSLOBORSNEWS__EN_07FADBDCE62213B549C80693AB3DCB9), on November 13, 2026, and is solely responsible for the information contained therein.