NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.<\/p>\n\n\n\n
Reference is made to the stock exchange notice release on 11 June 2019 where Aqualis ASA (the “Company”) announced that the annual general meeting of the Company had approved the share issues in connection with the agreement between the Company and Braemar Shipping Services plc (“Braemar”) whereby the Company will acquire the three business lines (Adjusting, Marine and Offshore, jointly “BTS”) from Braemar (the “Transaction”), as announced by the Company on 13 May 2019. <\/p>\n\n\n\n
The Financial Supervisory Authority of Norway has approved a prospectus dated 21 June 2019 (the “Prospectus”) in connection with (i) an underwritten rights issue of 8,882,575 new shares in the Company (the “Rights Issue”), (ii) the listing of 4,375,000 shares in the Company issued in a private placement directed towards Braemar (the “Private Placement Shares”), and (iii) the listing of 14,865,621 new shares in the Company issued to Braemar as part consideration for the Transaction (the “Consideration Shares”). <\/p>\n\n\n\n
Subject to applicable local securities laws, the Prospectus and the subscription form for the Rights Issue may be downloaded from www.sb1markets.no. <\/p>\n\n\n\n
A hard copy of the Prospectus and the subscription form may be obtained from SpareBank 1 Markets, Olav Vs Gate 5, N-0161 Oslo, Norway, tel.: +47 24 14 74 00. <\/p>\n\n\n\n
The subscription period for the Rights Issue will commence 24 June 2019 and expire on 8 July 2019 at 16:30 CET. The subscription rights will be tradable from 24 June 2019 until 4 July 2019 at 16:30 CET.<\/p>\n\n\n\n
\nKim Boman, CFO, AqualisBraemar ASA
\nTelephone: +47 959 63 912
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