Allocation to primary insider in the rights issue and private placement – update
With reference to the final result of the Rights Issue and Private Placement in AqualisBraemar ASA (the “Company”) which was announced 9 July 2019, the following primary insider have in addition been allocated offer shares at a subscription price of NOK 3.96 in accordance with allocation principles set out in the prospectus dated 21 June 2019 (the “Prospectus”): Allocations in the Private Placement:
Santosh George, Group QHSE Director, has been allocated 56,362 offer shares, of which 41,362 is based on the number of subscription rights allocated to him and 15,000 is based on over-subscription. Following the issuance of the new shares in the Rights Issue, Santosh George and his close associates will own 253 325 shares in the Company.
This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.
For further information, please contact:
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