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.
For further information, please contact:
Investors and financial media
Dean Zuzic, CFO, ABL Group ASA
Telephone: +47 41 43 35 60
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About ABL Group ASA
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) offers independent energy and marine consultancy to the global renewables, maritime and oil and gas sectors. The group has offices in 39 countries worldwide. ABL Group operates under seven brands: ABL, OWC, Innosea, Longitude, JLA, East Point Geo and ABL Yachts.