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December 14, 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.

Allocation to primary insiders and flagging notification

The Extraordinary General Meeting of AqualisBraemar ASA (the “Company”) has today approved the private placement (the “Private Placement”) and the conditional allocation of shares announced on 23 November 2020.

The following primary insiders, including their close associates, have been allocated offer shares at the issue price of NOK 6.10:

Gross Management AS, a company controlled by Glen Rødland, Chairman, has been allocated 4,765,574 offer shares. Following the issuance of the new shares in the Private Placement, Rødland and his close associates will own 14,790,351 shares in the Company, corresponding to 16.0% of the shares and voting rights of the Company.

David Wells, CEO, and his close associates have been allocated 175,000 offer shares. Following the issuance of the new shares in the Private Placement, Wells and his close associates will own 1,126,998 shares in the Company.

Reuben Segal, COO, and his close associates have been allocated 295,080 offer shares. Following the issuance of the new shares in the Private Placement, Segal and his close associates will own 1,798,003 shares and 135,000 share options in the Company.

Bader Diab, MD Americas, has been allocated 516,393 offer shares. Following the issuance of the new shares in the Private Placement, he will own 1,517,695 shares and 135,000 share options in the Company.

Mark McGurran, MD Marine, has been allocated 227,180 offer shares. Following the issuance of the new shares in the Private Placement, he will own 227,180 shares and 135,000 share options in the Company.

Phil Lenox, MD Asia Pacific, has been allocated 175,000 offer shares. Following the issuance of the new shares in the Private Placement, Lenox and his close associates will own 1,060,598 shares in the Company.

Svein Staalen, General Counsel, has been allocated 175,000 offer shares. Following the issuance of the new shares in the Private Placement, he will own 202,864 shares in the Company.

Haakon Brandrud, Director of Strategy and Corporate Development, has been allocated 175,000 offer shares. Following the issuance of the new shares in the Private Placement, he will own 360,200 shares and 135,000 share options in the Company.

This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

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