As part of the consideration under the agreement from 2020 where the Company acquired 100 percent of the shares in LOC Group, the Company issued warrants at its Extraordinary General Meeting held 14 December 2020, giving certain funds managed by Bridgepoint Advisers II Limited the right to subscribe for new shares in the Company, subject to certain exercise conditions. In line with the exercise conditions, Bridgepoint has exercised 1 million warrants, so that the remaining amount of warrants is 1 million. The 1 million new shares subscribed for at a subscription price of NOK 0.10 per share, will be submitted for registration in the Norwegian Register of Business Enterprises as soon as possible.
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Stuart Jackson, CFO, ABL Group ASA
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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.