75% of Måsøval employees have invested in the company

Made by nature

75% of Måsøval employees have invested in the company75% of Måsøval employees have invested in the company

75% of Måsøval employees have invested in the company

Employees in Måsøval AS want to become shareholders in their own company. 75.3 % of the workforce and the board of directors have bought shares in the company. “This is an important vote of confidence, and we are both humbled and proud. This will glue the organisation even closer together,” says Lars Måsøval.

Sistranda, June 18, 2021

Måsøval AS was listed on Euronext Growth Oslo last Thursday and trades under the ticker "MAS". Through a successful offering of NOK 825 million, Handelsbanken, Songa Asset Management and Odin Forvaltning came on as cornerstone investors.

Watch the video of the ceremoni at Oslo Børs

“Our company sees this relationship with our employees as crucial. We are very happy to see that as many as ¾ of our 120 highly competent employees have chosen to invest in Måsøval. This means that we have succeeded in anchoring our strategy in the company as a whole, and that we all have a shared belief in the way forward, says the Chair of the board.

See our Investor Relations page: Invest in nature

In addition, 60.5% of the employees in the two companies Måsøval recently acquired, Pure Norwegian Seafood AS and Stokkøy Skjell AS, also bought stock in the company. In total, employees and board members have bought MAS shares for NOK 16,029,538.

“There are concrete growth initiatives planned for the coming years. This includes starting up recently acquired capacity, integrating the two new companies in our strategy, developing the new post-smolt facility and focusing on general operations, says Måsøval.

Additionally, Måsøval has acquired 4 development licenses in connection with the Aqua Semi project, which represents a potential production volume of 6,000 tonnes of HOG in total. Måsøval has seen a substantial growth in recent years and has doubled its production since 2017. 

“Måsøval is a company which continually develops new ideas and technologies to ensure that we always operate in harmony with nature". We can offer one of the most exciting and competent working environments within the aquaculture sector, all the way from smolt to market. We are very proud of our product, and especially the fact that we can ship 2 million salmon meals out into the world every week, says CEO Asle Rønning,

Read more about Aqua Semi

For more information, please contact:

Lars Måsøval, Chair of the Board, Måsøval AS, lars@masoval.no, +47 918 38 684
Asle Rønning, CEO, Måsøval AS, asle@masoval.no, +47 918 09 043
Gunnar Aftret, CFO, Måsøval AS, gunnar@masoval.no, +47 913 77 389

About Måsøval AS:

In 1972, Måsøval became one of the first companies to start fish farming in Norway. The company is owned by brothers Lars and Anders Måsøval. Måsøval currently has 120 employees divided among its facilities at Frøya, Kristiansund, Aukra and Hustadvika. In 2019, the company was awarded four development licences for the innovative Aqua Semi project, which represents a potential production volume of 6,000 tonnes of HOG in total.

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www.masoval.no is not a solicitation for investment. Investors are advised to make their own investment decisions, rather than rely solely on the information published on this website.