The shares in AqualisBraemar LOC ASA will be traded ex-dividend NOK 0.25 as of today, 3 June 2021. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
The Annual General Meeting in AqualisBraemar LOC ASA, held 2 June 2021 at 11 am, approved the board proposal of distributing a dividend of NOK 0.25 per. share. The shares in AqualisBraemar ASA will be traded without the right to receive dividend as from 3 June 2021 (ex-date). The dividend will be distributed to the shareholders on or about 17 June 2021.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
The Annual General Meeting of AqualisBraemar LOC ASA was held on 2 June 2021.
All resolutions proposed in the notice to the Annual General Meeting were approved by the shareholders. Please find attached the minutes from the Annual General Meeting.
Reference is made to the stock exchange announcement on 19 May 2021 regarding Braemar Shipping Services Plc’s sale of its shares in AqualisBraemar LOC ASA. As a consequence, Mr Nick Stone has decided to withdraw his candidacy for a board position in AqualisBraemar LOC ASA.
The Nomination Committee has decided to recommend the Annual General Meeting to elect the following Board of Directors:
Glen Rødland, Chairman 2020‐2022
Yvonne L. Sandvold 2021‐2023
Synne Syrrist 2021‐2023
Rune Eng 2021‐2023
Election of additional Board member(s) will be considered in due course.
*** This notice was originally published on 19 May 2021, and has been updated to include the attached notification form ***
Braemar Shipping Services Plc (“Braemar”) has on 19 May 2021 sold 9,640,621 shares in AqualisBraemar LOC ASA (“AqualisBraemar LOC” or the “Company”), representing 10.05% of the Company’s outstanding shares and voting rights, at a price of NOK 9.00 per share.
The shares were sold through a bookbuilding process managed by SpareBank 1 Markets AS as sole bookrunner.
Following the transaction, Braemar holds 0 shares in AqualisBraemar LOC.
Braemar also holds 6,523,977 performance-based warrants (the “Warrants”), as further described in the notice of and minutes from the Company’s extraordinary general meeting held on 14 December 2020. Assuming full vesting of the Warrants, Braemar will hold 6,523,977 shares and rights to shares corresponding to 6.80% of the currently registered share capital of the Company.
Gross Management AS, a company controlled by Glen Rødland, Chairman of AqualisBraemar LOC’s Board of Directors, has today acquired 100,000 shares in the Company, at a price of NOK 9.00 per share. Following the share acquisition, Rødland and his close associates will own 14,890,351 shares in the Company, corresponding to 15.52% of the outstanding shares and voting rights of the Company.
This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.
Braemar Shipping Services Plc (“Braemar”) has on 19 May 2021 sold 9,640,621 shares in AqualisBraemar LOC ASA (“AqualisBraemar LOC” or the “Company”), representing 10.05% of the Company’s outstanding shares and voting rights, at a price of NOK 9.00 per share.
The shares were sold through a bookbuilding process managed by SpareBank 1 Markets AS as sole bookrunner.
Following the transaction, Braemar holds 0 shares in AqualisBraemar LOC.
Braemar also holds 6,523,977 performance-based warrants (the “Warrants”), as further described in the notice of and minutes from the Company’s extraordinary general meeting held on 14 December 2020. Assuming full vesting of the Warrants, Braemar will hold 6,523,977 shares and rights to shares corresponding to 6.80% of the currently registered share capital of the Company.
Gross Management AS, a company controlled by Glen Rødland, Chairman of AqualisBraemar LOC’s Board of Directors, has today acquired 100,000 shares in the Company, at a price of NOK 9.00 per share. Following the share acquisition, Rødland and his close associates will own 14,890,351 shares in the Company, corresponding to 15.52% of the outstanding shares and voting rights of the Company.
This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.
HIGHLIGHTS Q1 2021
David Wells, CEO of AqualisBraemar LOC ASA (“AqualisBraemar LOC” or the “Company”) commented:
“We are pleased to conclude a quarter of solid operational performance amid big changes inside and outside the group.
We have delivered top line growth and comparable profitability relative to the first quarter of last year. This is encouraging, as our industry was relatively unaffected by the early stages of the pandemic in the first quarter of 2020. This year, the market has remained challenging through the quarter, with a relatively weak oil and gas market, plus travel restrictions and general slowdown in connection with the pandemic.
Internally, focus has been on the integration of LOC Group, the first phase of which concluded ahead of schedule in April. The former AqualisBraemar and LOC companies now operate jointly as AqualisBraemar LOC group. Feedback from clients and employees has been very positive, and we have already seen early positive results of the strategic benefits we targeted with the combination.
Renewables continues to be the growth engine of the group, growing some 30% year-on-year on a pro-forma combined basis. The increased capabilities of the group following the integration of LOC, Innosea, Longitude and East Point Geo put us in a strong position to capture at least our fair share of the expected market growth going forward.
Growth has also been strong in Maritime and Adjusting, while Oil & Gas is down slightly on pro-forma combined basis due to project phasing and general market weakness.
Looking ahead there are early indications that improved rig activity could drive improvement in the Oil & Gas sector, but activity on larger projects is expected to remain sluggish through most of the year. Positive developments in our other market sectors are expected to continue.”
A pre-recorded audio webcast presentation of the first quarter 2021 results will be released today at 14:00 CET. To view the webcast, please visit AqualisBraemar LOC’s website, www.abl-group.com.
The slide deck for the quarterly presentation is available here.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Oslo, Norway – 18 May 2021
Reference is made to the stock exchange announcement from AqualisBraemar LOC ASA (the “Company”) on 30 April 2021 regarding the final results of the subsequent offering in the Company (the “Subsequent Offering”).
The share capital increase pertaining the Subsequent Offering with a nominal value of NOK 0.1 per share, has now been registered in the Norwegian Register of Business Enterprises, and the Company’s share capital has been increased with NOK 337,500.
Shares allocated in the Subsequent Offering are tradable on Oslo Stock Exchange.
Following registration of the share capital increase, the Company has an issued share capital of NOK 9,592,258.30 divided into 95,922,583 shares, each with a par value of NOK 0.1.
Dividend Amount: NOK 0.25 per share
Declared currency: NOK
Last day including right: 2 June 2021
Ex-date: 3 June 2021
Record date: 4 June 2021
Payment date: On or about 10 June 2021
Date of approval: 2 June 2021
This information is published in accordance with the requirements of the Continuing Obligations.
The Annual General Meeting of AqualisBraemar LOC ASA will be held on 2 June 2020 at 11 CET at the Company’s offices, 8th floor, Fridtjof Nansens plass 8, 0160 OSLO. Due to the extraordinary situation with the Covid-19 pandemic, shareholders are urged to exercise their shareholder rights through advance votes by electronic communication via VPS Investor Services or to vote by proxy prior to the meeting and not attend the Annual General Meeting in person. The notice including attendance, proxy and advance voting forms will be mailed to all shareholders with known address. The complete notice, including the recommendation from the Nomination Committee, can be found in the links below.
For notice of attendance, advance votes, proxy etc please click here.
