Purchase of own shares, share buy-back program completed
(Oslo, 12 December 2019) Reference is made to AqualisBraemar ASA’s (the “Company”) stock exchange notice on 6 December 2019 where the Company announced its intention to repurchase up to 100,000 shares in the Company for the purpose of meeting its obligations in respect of an employee’s share purchase program.
Today, the Company purchased 13,523 of its own shares at an average price of NOK 3.7561 per share under the buy-back program.
The Company has completed its share buy-back program, and a total of 100,000 own shares have been repurchased in the open market. The weighted average purchase price for the 100,000 shares was NOK 3.6859 per share.
Following these transactions, the Company owns a total of 100,000 own shares, representing 0.14% of the issued and outstanding share capital.
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