2020 Annual Report

 

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Notice and proxy form
Notice and proxy form regarding the Annual General Meeting of Norcod AS
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The time is now

 

As the world hungers for fresh cod, wild stocks are strained, and fishing quotas cut. Prices spike while supplies are unstable. But it doesn’t need to be this way.

Introducing the world’s first large-scale cultivation of high-quality Atlantic Cod. Respectfully farmed, carefully packed, and timely delivered.

Norcod is listed on Euronext Growth on Oslo Stock Exchange.

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Norcod is proud to announce that our Q4 report is out. The report details how Norcod is in a strong position to start commercial sales this summer, having seen exceptional biological performance and received positive market feedback. We continue to be on track to meet our goal of becoming a leading and highly sustainable cod farming company.

 

 

DOWNLOAD Q3 2020 REPORT DOWNLOAD Q4 2020 REPORT
Settling new aquatic territories

 

For the very first time, premium quality Cod can now be produced successfully on a large scale.

Our commercial breakthrough arrives in a time where the market is increasingly demanding stable deliveries of fresh cod. Meanwhile, the wild fish population is under pressure, leading to smaller fishing quotas and growing prices.

All agreements and permits are in place. And so are our production capabilities from fry to harvesting, processing, and distribution. We have a highly stable production that’s been in development since 2002.

These factors place Norcod in a truly unique position.

Robust price environment on the back of a high demand for Atlantic Cod
Large steps have been taken in biology > commercially farmed cod is viable
Norcod has superior quality and freshness
Ability to deliver through the year (as opposed to wild cod), ensures premium prices
Oceans of opportunity

 

Current license capacity to reach a run-rate harvest profile of 6,000 tons within 2021
Firm plans and applications have been mapped out to reach 24,500 tons
Exclusive agreements for critical input factors
Solid off-take agreement with Sirena Group secures transparent sales strategy
Board of Directors

 

Marit Solberg
COB
– Group Head of Farming in Mowi for 9 years
– Former CEO of Mowi Norge
– Former Chairman of the Board in Norwegian Seafood Council
– Previous executive positions at Hydro Seafood and Mowi
– M.Sc. In Microbiology with specialisation in Marine Ecology

 

Tore Tønseth
Board member
– Investment director in Ronja Capital
– More than 15 years experience from financial markets in seafood
– 13 years as equity research analyst in Sparebank 1 and pareto securities
– Previous executive positions at Hydro Seafood and Mowi
– M.Sc. from Norwegian school of economics (nhh)

 

Jan Severin Sølbæk
Board member
– CEO of Artha Holding A/S
– Comprehensive Executive Board experience
– Proven M&A track record
– Banking degree from Danske Bank Akademi

 

Boe Spurré
Board member
– 12 years of experience in sales and marketing of seafood from Sirena Group, 5 years as CEO
– Former accountant at Ernst & Young
– M.Sc. in economics from Copenhagen Business School

 

Anders Bjerno
Board member
– Present COB Codinvest ApS and Bjerno Holding ApS
– Former CEO and later COB in Chr. Jensen Shipping Group
– Former COB in Hotel Property Group

 

Peter Buhl
Board member
– 35 years as co-founder and president of Sirena Group
– Co-founder of Whitecap International Seafood Exporters
Management group

Christian Riber, CEO

T. +47 905 37 990

E. cr@norcod.no

Rune Eriksen, COO

T. +47 950 71 879

E. re@norcod.no

Hilde R. Storhaug, CSO

T. +47 958 66 964

E. hs@norcod.no

Kia Zadegan, CFO

T. +47 915 85 801

E. kz@norcod.no

Tsjipke Deuzeman, Production Manager

T. +47 977 83 336

E. td@norcod.no

Julianne Jacobsen, Fish Health Manager

T. +47 950 87 617

E. jj@norcod.no

Stine Vinje, Quality Manager HR & HSE

T. +47 415 20 102

E. sv@norcod.no

Karina Grøntvedt Moe,  HR & HSE- Coordinator

T. +47 992 72 400

E. kgm@norcod.no

Partners

 

Norcod has formed strong partnerships with industry leaders across all key areas of the company’s supply chain. Major partners include Sirena Group (Distribution and Sales), Havlandet Marin Yngel (Broodstock), Aller Aqua (Feed), and Nofima (Research & Development).

Investor relations

 

Please use the contact form for any inquiries regarding Norcod Investor Relations. A member of our team will respond to your message as soon as possible.

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