Investment highlights

RAS is well positioned to become the third pillar in global seafood supply

Wild catch and traditional aquaculture face limitations in seafood supply

 The Kingfish Company consistent with RAS-sector performance leaders

Deep in-house expertise enabling biological outperformance and cost leadership among land-based peers

Leader in a highly attractive market with clear ESG angle

Operating in the fundamentally strong Yellowtail Kingfish market with a first-mover position

Proven unit economics

On track to become profitable

Unique business case maximizing the strategic advantage of RAS

High value species that perform well in the RAS system, while being sold to import dependent markets

Financial calendar

11 April 2024

FY 2023 Annual Report and Q4 2023 Financial Results

8 May 2024

Q1 2024 Financial Results

19 June 2024

Annual General Meeting

24 July 2024

Q2 2024 Market Update

05 September 2024

H1 2024 Interim Report and Q2 2024 Financial Results

06 November 2024

Q3 2024 Financial Results

 

Share information

Trading information

Trading currency: NOK

Quantity notation: Number of units

Admitted shares : 110,849,291

Nominal value: 0.01

Share Price: Oslo Bors

ICB sectorial classification

Industry : 45, Consumer Staples

SuperSector: 4510, Food, Beverage and Tobacco

Sector: 451020, Food Producers

Subsector: 45102010, Farming, Fishing, Ranching and Plantations

Identification

SYMBOL: KING

ISIN CODE: NL00150001S5

LEI CODE:9845004WD3997B9F1061

EXCHANGE / MARKET: Euronext Growth

TRADING LOCATION: Oslo

ICB: 45102010 Farming, Fishing, Ranching and Plantations

IPO

IPO DATE: Wed 25/11/2020

IPO PRICE: NOK 20.56

IPO TYPE: Private placement

Largest shareholders

As of 28th June 2024

Edit
Investor Name Holding Stake
Creadev International S.A.S 24,261,893 21.9%
Rabo Participaties B.V. 15,591,011 14.1%
ASR Nederland 14,316,597 12.9%
Stolt-Nielsen M.S. Ltd 9,237,663 8.3%
Bank Julius Bär & Co. AG 6,661,872 6.0%
Claris BV 6,493,354 5.9%
Pershing LLC 4,072,138 3.7%
Kleinfeld, N. 3,247,883 2.9%
JPMorgan Chase Bank 2,692,983 2.4%
Silver Oak Investments Holding C.V 2,249,021 2.0%
HDB BEHEER BV 2,171,331 2.0%
Nutreco International B.V. 1,954,958 1.8%
Cibus Enterprises Fund LP 1,782,742 1.6%
Terra Mare B.V. 1,503,888 1.4%
Grober, E. 1,457,142 1.3%

 

 

Corporate governance

Management board

Vincent Erenst

Vincent Erenst brings a strong international, operational, and transformational track record with more than 35 years of experience leading aquaculture companies. Most recently, he worked as Chief Operating Officer at Barramundi Group. 


Prior to this role, he worked as COO of Avramar and for more than 10 years he worked as Managing Director of Mowi Canada West, where he was responsible for strong profit growth through an increase of harvest volumes, efficiency improvements and strengthening of the market position in North America.

Jean-Charles Valette

Jean-Charles Valette has held various financial leadership positions at food and production companies, both in listed and private environments. Most recently, he worked as the Vice-President Finance of Dott, a fast growing scale-up. Prior to this role, he worked as senior Vice-President Finance for CEVA Logistics, where he was directly involved in generating USD 1.2 billion through a successful IPO on the SIX Swiss stock exchange. Jean-Charles brings great added value towards building, growing and transforming companies. Furthermore, he has strong expertise in corporate finance, process optimizations and transformations.

Supervisory board

Jeroen Scheelbeek

Mr. Scheelbeek (1968) is the Chairman of the Supervisory Board and served on the company’s 1-tier board of directors prior to the conversion of the company to a public limited liability company. Mr. Scheelbeek currently works at Bauhinia, an independent financial advisory boutique firm. In addition, he acts as senior financial advisor to the Dutch Ministry of Economic Affairs. He is also board member and chairman of the risk committee of Moza Banco, a regulated financial institution in Mozambique. Mr. Scheelbeek served, amongst other roles, as global head of structured finance, head of corporate clients and head of corporate finance Asia, in the Rabobank wholesale clients division. He has also acted as member of the highest credit risk committees of the bank. Mr. Scheelbeek has participated in executive management courses at Harvard, IMD, Insead and Kellogg University. He holds a Master’s degree in Business Administration from the Free University of Amsterdam. Mr. Scheelbeek is also a member of the Supervisory Board of Protix.

Alexandre Van Der Wees

Mr. Van Der Wees (1991) is a member of the Supervisory Board and served on the company’s 1-tier board of directors prior to the conversion of the company to a public limited liability company. Mr. Van Der Wees was an Investment Associate at Creadev International S.A.S. where he specialized in aquaculture and agriculture investments, and from where he invested amongst others in InnovaFeed, M2i Life Sciences and Toopi Organics. Prior to joining Creadev, Mr. Van Der Wees worked as financial advisor at Accuracy in Paris. Mr. Van Der Wees holds a Master’s degree in Finance (MSc) from Grenoble Graduate School of Business (GGSB).

Hans den Bieman

Mr. Den Bieman (1959) served as the company’s former (interim) CEO and Chairman of the Board. He is currently a shareholder and director of Sealand – the largest smolt producer in Chile. Amongst various top management positions in the field, Mr. Den Bieman served as COO of Nutreco Aquaculture (2000–2005) and as CEO of the Netherlands-based Marine Harvest, the world’s largest fish-farming company, listed on Oslo Børs (now Mowi ASA) (2005–2007). He holds a Master’s degree in Aquaculture (Msc,) from Wageningen University. Via his personal holding company, Mr. Den Bieman held 2 171 331 shares in the capital of the company on 31 December 2023.

Jordi Trias Fita

Mr. Trias Fita (1977) became President of Stolt Sea Farm in January 2018 after joining the business as Managing Director in 2016. Prior to this he spent 14 years with GBFoods, where he held several positions in marketing, sales and business unit management, located in Spain, Kazakhstan, Russia, Ukraine and Senegal. Mr. Trias Fita holds a degree in Business Administration from the University of Barcelona, a Master’s degree in marketing, and an MBA from the Instituto de Empresa. He is a citizen of Spain. Mr. Trias Fita held no shares in the capital of the company on the Record Date. Mr. Trias Fita also serves as a President of Stolt Sea Farm, part of Stolt-Nielsen M.S. Ltd which owns ~8,3% of the shares in the capital of the company on 31 December 2023.

Noam Kleinfeld
Mr. Kleinfeld (1977) acted as Managing Director at HSBC Investment Bank, with over 16 years of experience in cross-border M&A, Corporate Finance, Equity/Debt Capital Markets, Leverage Acquisition Finance, Project Finance and Corporate/Debt Restructuring. Further, Mr. Kleinfeld is a co-founder of several businesses, including The Griffin Fund, a leading real estate player in Atlanta’s multifamily segment. Mr. Kleinfeld is an active venture capital investor in early-stage companies with a large TAM, unique technological edge, and strong execution capabilities. Mr. Kleinfeld holds a BA in Business Administration with a Major in Finance from Reichman University. Mr. Kleinfeld held 3 247 883 shares in the capital of the company on 31 December 2023.

Updates

The team behind
The Kingfish Company

Vincent Erenst

Vincent Erenst

CEO

Jean-Charles Valette

Jean-Charles Valette

CFO

Tom Sorby

Tom Sorby

Operations Manager

The Kingfish Company

Bram Rohaan

Bram Rohaan

Head of Production

The Kingfish Company

Bob van Son

Bob van Son

Business Development Manager

The Kingfish Company

Gudo klein Gebbink

Gudo klein Gebbink

Head of Sales

The Kingfish Company

Kim Tiebie

Kim Tiebie

Head of Quality & Sustainability

The Kingfish Company

Sander Ruizeveld de Winter

Sander Ruizeveld de Winter

Head of Hatchery

The Kingfish Company

Hope Kitterman

Hope Kitterman

Head of Marketing

The Kingfish Company

Martina Sponga

Martina Sponga

Business Development Manager

The Kingfish Company

Huibert Cornelisse

Huibert Cornelisse

Technical Manager

The Kingfish Company

Christiaan de Wet

Christiaan de Wet

Head of Design & Engineering

The Kingfish Company

Sarah Holmyard

Sarah Holmyard

Business Development Manager

The Kingfish Company

Lauren Enz

Lauren Enz

VP of Sales

The Kingfish Company

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