Hofseth Biocare ASA: SHARE CAPITAL INCREASE REGISTERED

    Hofseth Biocare ASA: SHARE CAPITAL INCREASE REGISTERED 

Reference is made to the stock exchange announcement on 4 January 2024 regarding the conclusion of an extraordinary general meeting in Hofseth Biocare ASA ("HBC" or the "Company") whereby the general meeting resolved, among other things, an issuance of new preference class B shares in connection with the NOK 144 million investment from Hofseth International AS ("HI").

Following the registration of the share capital increase in the Norwegian Registry for Business Enterprises, the Company's share capital is NOK 4,110,810.30 divided into 395,081,30 ordinary shares and 16,000,000 preference class B Shares.

The preference class B shares will be issued in the VPS and delivered to HI on a separate ISIN than the Company's ordinary shares.

For further information, please contact:  Jon Olav Ødegård, CEO at HBC  Phone: [phone]  E-mail: [e-mail] 

About Hofseth BioCare ASA:

HBC is a Norwegian consumer and pet health ingredient supplier and an incubator for new pharmaceutical drug leads. Research is ongoing to identify the individual elements within its ingredients that modulate inflammation and the immune response with pre-clinical studies ongoing in multiple clinics and university research labs. Lead clinical and pre-clinical candidates are focused on developing an oral treatment for inflammatory disease driven by eosinophils (a type of white blood cell). Clinical trial work with the oil is ongoing to ameliorate lung inflammation in eosinophilic asthma and COPD ("smokers lung").

Other leads are focused on using the Company’s bioactive peptides as a Medical Food for the protection of the Gastro- Intestinal (GI) system against inflammation (including ulcerative colitis and the orphan condition necrotizing enterocolitis). The Company is founded on the core values of sustainability, optimal utilization of natural resources and full traceability. Through innovative and patent protected hydrolysis technology, HBC can preserve the quality of the lipids, proteins and calcium from fresh salmon off-cuts.

HBC's headquarters are in Ålesund, Norway with offices in Oslo, London, Zürich, New Jersey and Palo Alto, CA.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.