Økokrim dismisses charge against Aqualis Offshore

Økokrim public prosecutors’ office has dismissed the charge and withdrawn the penalty charge notice issued to Norwegian subsidiary Aqualis Offshore AS in connection with a previously alleged violation of the Norwegian pollution control act, specifically related to the vessel Tide Carrier.

Reference is made to the stock exchange announcement dated 5 March 2020 where Aqualis Offshore announced that it strongly opposed Økokrim’s assessment of the company’s role in the case and that it would challenge the NOK 1.6 million corporate fine.

“We have always been of the opinion that the company acted diligently in connection with the marine warranty assignment related to Tide Carrier. We consider the dismissal of the charge as a recognition of this, plus reflecting a better understanding of the marine warranty supervisor’s role in such projects. That said, we are pleased to finally be able to put this case firmly behind us,”

David Wells, CEO

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 91

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) offers independent consultancy services to the offshore energy (oil & gas and renewables), shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 33 countries worldwide. AqualisBraemar ASA operates under three brands:

• 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
• OWC: an independent consultancy to the offshore renewables sector

Invitation to presentation of Q1 2020 results

Oslo, Norway – May 18, 2020:

AqualisBraemar ASA (“AqualisBraemar”) will release its first quarter 2020 results on Thursday, May 28, 2020 at approximately 06:00 Central European Time (CEST).

The earnings release concerning the first quarter 2020 results and a corresponding slide presentation will be posted on www.newsweb.no and on our Reports and Presentations page.

An audio webcast of the quarterly results will be released the same day at 14:00 CEST. To view the webcast over the internet, please click here.

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 91

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) offers independent consultancy services to the offshore energy (oil & gas and renewables), shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 33 countries worldwide. AqualisBraemar ASA operates under three brands:

• 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
• OWC: an independent consultancy to the offshore renewables sector

Key information relating to the cash dividend to be paid by AqualisBraemar

Oslo, Norway – May 8, 2020:

The Board of Directors has decided to propose for the Annual General Meeting a dividend for the fiscal year 2019 of NOK 0.20 per share.

Dividend Amount: NOK 0.20 per share
Declared currency: NOK
Last day including right: 10 June 2020
Ex-date: 11 June 2020
Record date: 12 June 2020
Payment date: On or about 24 June 2020
Date of approval: 10 June 2020

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 91

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 31 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
• OWC: an independent consultancy to the offshore renewables sector

This press release may include “forward-looking statements”. These statements may be identified by the use of words like “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar expressions and may refer to, amongst other topics, capital expenditure, cash flows, costs, growth, performance, profits, sales, acquisitions, and strategy. Any such statements reflect our views as of the date made and are subject to risks and uncertainties. We disclaim any responsibility to update forward-looking statements.

Notice of Annual General Meeting 2020

Oslo, Norway – May 7, 2020:

The Annual General Meeting of AqualisBraemar ASA will be held on 10 June 2020 at 11 CET at the Company’s offices, 8th floor, Olav Vs gate 6, 0161 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 on our AGM page.

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 91

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 31 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
• OWC: an independent consultancy to the offshore renewables sector

This press release may include “forward-looking statements”. These statements may be identified by the use of words like “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar expressions and may refer to, amongst other topics, capital expenditure, cash flows, costs, growth, performance, profits, sales, acquisitions, and strategy. Any such statements reflect our views as of the date made and are subject to risks and uncertainties. We disclaim any responsibility to update forward-looking statements.

Annual Report 2019

AqualisBraemar’s Annual Report 2019

Click here or on the image below to download.

Financial calendar

Financial calendar for AqualisBraemar ASA

Financial Year 2020	Event
30.04.20	Annual Report
28.05.20	Quarterly Report – Q1
10.06.20	Annual General Meeting
27.08.20	Half-Yearly Report
29.10.20	Quarterly Report – Q3

This information is published pursuant to the requirements set out in the Continuing obligations.

Board approves 2019 annual financial statements

Oslo, Norway – April 27, 2020:

The Board of Directors of AqualisBraemar ASA has approved the consolidated financial statements, the parent company’s financial statements and the Board of Directors’ report for 2019. There are no material changes compared with the Q4 2019 report released on February 27, 2020.

The Board of Directors will propose to the Annual General Meeting, to be held on June 10, 2020, that a dividend of NOK 0.20 per share will be distributed.

An electronic version of the 2019 annual report will be made available.

For further information, please contact:

Investors and financial media

Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 91

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 31 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
• OWC: an independent consultancy to the offshore renewables sector

Business update COVID-19

The management of AqualisBraemar ASA is closely monitoring the COVID-19 situation and has implemented strict measures to ensure the safety of clients, employees and business partners whilst making every effort to maintain an uninterrupted level of service to our clients. The COVID-19 situation has not had a significant group-wide impact on AqualisBraemar’s activity level to date.

“There have been positives and negatives for us to date. Positively, through our extensive global footprint of staff and subcontractors currently covering almost 160 locations, we have been able to increasingly support new clients at locations where others have been unable to access. Negatively, the increasing global travel restrictions present challenges to us and our clients, increasing complexity in project execution. Our prime focus remains to provide an uninterrupted service to our clients but, in light of the seriousness of the current global healthcare crisis, the evolving circumstances will probably lead to a different way of working, including more web-based collaboration and advisory methods. We are already kicking off new client projects and delivering on existing consultancy assignments through our robust online infrastructure“, says David Wells, CEO of AqualisBraemar.

“At this stage, it is hard to quantify the lasting impact of COVID-19 to our trading. We have not yet experienced a significant group-wide impact on our activity level, but continued travel restrictions will inevitably affect short term business development and operations in various ways. We continue to monitor the situation closely and remain agile in response to any business disruptions that may arise. We remain confident in the significant commercial opportunities that will still manifest themselves, and believe AqualisBraemar will have a strong underlying momentum when returning to a normalized business environment, providing a solid platform for long-term growth”, David Wells concludes.

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 31 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
• OWC: an independent consultancy to the offshore renewables sector

Mandatory notification of trade – primary insider

Oslo, 31 March 2020:

The following primary insiders have bought shares in AqualisBraemar ASA (“AqualisBraemar”):

Abaci Invest AS, a company controlled by Ole Fegth, has bought 2,128 shares in AqualiBraemars, at an average price of NOK 2.89 per share. Ole Fegth provides accountancy services to AqualisBraemar ASA.

Following the transaction, Ole Fegth and his close associates holds 49,685 shares in AqualisBraemar, representing 0.1% of the outstanding share capital.

This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

Mandatory notification of trade – primary insider

Oslo, 30 March 2020:

The following primary insiders have bought shares in AqualisBraemar ASA (“AqualisBraemar”):

Abaci Invest AS, a company controlled by Ole Fegth, has bought 15,994 shares in AqualiBraemars, at an average price of NOK 2.40 per share. Ole Fegth provides accountancy services to AqualisBraemar ASA.

Following the transaction, Ole Fegth and his close associates holds 47,547 shares in AqualisBraemar, representing 0.1% of the outstanding share capital.

This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.