Brief: Atlantic Sapphire AS Reports Incident In Atlantic Sapphire's Denmark Facility

Atlantic Sapphire ASA

11/07/2021 22:06

July 11 (Reuters) - Atlantic Sapphire ASA  ATLH.OL :
    * INCIDENT IN ATLANTIC SAPPHIRE'S DENMARK FACILITY
    * ON JULY 9, 2021,  CO'S UNIT ATLANTIC SAPPHIRE DENMARK A/S
HAD AN
INCIDENT IN ONE OF ITS SALTWATER GROWOUT SYSTEMS
    * OTHER GROWOUT SYSTEM IN DENMARK FACILITY WAS UNAFFECTED.
    * ATLANTIC SAPPHIRE- PRELIMINARY ANALYSIS SHOWS MAINTENANCE
WORK
PERFORMED IN FILTRATION SYSTEM CAUSED WATER QUALITY TO QUICKLY
DETERIORATE
    * ATLANTIC -400 TONS (HOG) OF FISH EXPECTED TO BE LOST,
EQUIVALENT
OF 17% ANNUALIZED HARVEST VOLUMES FROM DENMARK FACILITY AT
STEADY STATE PRODUCTION
    * DIRECT FINANCIAL IMPACT OF INCIDENT AFTER EXPECTED
INSURANCE
PROCEEDS IS ESTIMATED TO USD 3 MILLION

Source text for Eikon:  ID:nObi2wJQBa 
Further company coverage:  ATLH.OL 

 ((Reuters.Briefs@thomsonreuters.com;))