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December 16, 2020

For further information, please contact:

Investors and financial media

Stuart Jackson, CFO, ABL Group ASA
Telephone: +971 4 3793612

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.

Disclosure of shareholding by primary insider

Reference is made to the announcement made by AqualisBraemar ASA (the “Company”) 14 December 2020, regarding the resolutions passed by an extraordinary general meeting of the Company.

As a consequence of the Company’s resolution to issue 22,131,148 new shares in a private placement, the relative shareholding of Braemar Shipping Services plc (“Braemar”), represented on the Company’s Board of Directors by Ron Series, will be reduced to 20.79% of the shares and votes in the Company, passing the 25% disclosure threshold set out in Section 4-3 of the Norwegian Securities Trading Act, based on the 19,240,621 shares and votes in the Company currently held by Braemar, and an expected total number of issued shares in the Company of 92,547,583 after registration of the share capital increase related to the private placement.

As further described in the notice of and minutes from the Company’s extraordinary general meeting, Braemar will also hold 6,523,977 performance-based warrants (the “Warrants”) following the adjustment approved by the extraordinary general meeting. Assuming full vesting of the Warrants, Braemar will hold 25,764,598 shares and rights to shares corresponding to 36.59% of the shares and votes of the Company based on the current registered share capital and 27.84% of the shares and votes of the Company after registration of the share capital increase related to the private placement.

For further information, please contact:

Investors and financial media

Dean Zuzic, CFO, AqualisBraemar ASA
Telephone: +47 41 43 35 60

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About AqualisBraemar ASA

AqualisBraemar ASA (OSE: Aqua) offers independent consultancy services to the offshore energy (oil & gas and renewables), shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 33 countries worldwide. AqualisBraemar ASA operates under three brands:

  • AqualisBraemar: a leading adjusting, marine and offshore consultancy to the energy, shipping and insurance industries
  • AqualisBraemar Yacht Services: a specialised marine consultant to the superyacht market
  • OWC: an independent consultancy to the offshore renewables sector