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June 27, 2019

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.

New name and increased share capital registered

Reference is made to the stock exchange notice issued by AqualisBraemar ASA (the “Company”) on 21 June 2019, where the Company announced that the acquisition of the three business lines (Adjusting, Marine and Offshore, jointly “BTS”) from Braemar Shipping Services plc (“Braemar”) (the “Transaction”) had been completed, and that 14,865,621 shares (the “Consideration Shares”) had been subscribed by Braemar.

As resolved by the Annual General Meeting in the Company held on 11 June 2019, the Company’s name is AqualisBraemar ASA with effect from completion of the Transaction. Today, the name change was registered in the Norwegian Register of Business Enterprises (the “NRBE”). In addition, the share capital increase pertaining to the Consideration Shares has been registered in the NRBE. The Consideration Shares will be issued to Braemar and eligible for trading on Oslo Børs today. Note that the Consideration Shares are subject to a 24-month lock-up agreement as further described in the prospectus dated 21 June 2019.

Following the share capital increase, the Company has a share capital of NOK 5,715,886.00 divided on 57,158,860 shares, each with a nominal value of NOK 0.10. This information is subject to the disclosure requirements pursuant to the Oslo Børs Continuing Obligations section 3.2.

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 912

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) is a public listed company that, through its subsidiaries and associates, offers adjusting, marine, offshore and renewables consultancy services to the energy, shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 48 offices located across 5 continents in 33 countries. AqualisBraemar ASA operates under three distinct brands globally:

  • 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
  • Offshore Wind Consultants: an independent consultancy to the offshore renewables sector