High Liner Foods Completes Rubicon Settlement

In accordance with the terms of the Settlement, 2,429,014 shares of the Company issued in connection with the acquisition of Rubicon will be cancelled, resulting in 30,428,600 total outstanding shares. Based on a closing share price of CAD $13.32 on June 5, 2024 and an exchange rate of 1.37045 with the U.S. dollar, the cancelled shares are worth approximately USD $23.6 million.