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Aqualis ASA: Mandatory notification of trades and large shareholdings disclosure

Aqualis Holdco Ltd (“Holdco”), an employee shareholding vehicle established in 2013 for Aqualis group employees, will on 7 November 2016 transfer all of its 2,187,500 shares (representing 5.03% of the total number of outstanding number of shares) in Aqualis ASA (“Aqualis”) to its employee shareholders. The transferred Aqualis shares are valued at NOK 2.95 per share, the closing price of the Aqualis shares on 4 November 2016. After completion of the transfer Holdco will not hold any shares in Aqualis. Holdco will subsequently be voluntarily liquidated.

The following primary insiders receives shares as part of the transfer:

Rodger Dickson, Group Marine Director, receives 122,207 Aqualis shares. After completion of the transfer Rodger Dickson and related parties will hold 512 068 shares in Aqualis.

Santosh George, Group QHSE Manager, receives 122,207 Aqualis shares. After completion of the transfer Santosh George and related parties will hold 196 963 shares in Aqualis.

Ben Lazenby, Regional Director – Middle East, receives 61,103 Aqualis shares. After completion of the transfer Ben Lazenby and related parties will hold 134 892 shares in Aqualis.

Cherry Lenox, related party to Phil Lenox, Director Asia Pacific, receives 12,221 Aqualis shares. After completion of the transfer Cherry Lenox and related parties will hold 897,819 shares in Aqualis.

Stuart Mill, Group Commercial Director, receives 61,103 Aqualis shares. After completion of the transfer Stuart Mill and related parties will hold 100 768 shares in Aqualis.

Amish Sanghavi, Group Controller, receives 36,662 Aqualis shares. After completion of the transfer Amish Sanghavi and related parties will hold 176 994 shares in Aqualis.


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Aqualis ASA: Q3 2016 financial results

Oslo, Norway – October 27, 2016

 
Key highlights
  • Total operating revenue of USD 6.4 million, down 33% from Q3 2015
  • Operating loss (EBIT) of USD 0.7 million with cost efficiency measures continued to take effect throughout the quarter
  • Low activity level due to adverse weather conditions, vacation months and weak market conditions in the oil and gas market
  • OWC maintained high activity in the offshore wind market and secured new contracts
  • Billing ratio for technical staff of 73% in Q3 2016, down from 75% in Q2 2016
  • Order backlog at USD 8.5 million
  • ADLER Solar results impacted by lack of larger projects and introduction of new services
  • Cash balance of USD 11.1 million at the end of Q3 2016
  • 161 employees at end of Q3 2016, down from 175 at end of Q2 2016
  • Continued solid HSE performance and ISO 18001 compliant

David Wells, CEO of Aqualis ASA said:

“The oil and gas market remains weak and we must continue our path to improve our operations and cost competitiveness. The measures implemented will continue to take effect throughout 2016 and into 2017. The contract visibility remains short term.

Being adaptive and having the ability to respond quickly to market changes is the key to manage the business successfully. The remainder of 2016 and 2017 will be challenging for the oil and gas industry” says Mr David Wells, CEO of Aqualis ASA”

 
For more information, please see the attached third quarter 2016 report.
 
Morning program:
A presentation is scheduled the same day at 8:00 am CET at Carnegie’s office at Grundingen 2, 0250 Oslo, Norway.
 
The presentation, held in English, will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ web site, www.aqualis.no, at least 10 minutes early to to download and install any necessary software.
 
The earnings release concerning the third quarter 2016 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

For further information, please contact:

Investors and financial media;
Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no.

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Aqualis ASA: Invitation to Q3 2016 presentation

Oslo, Norway – October 13, 2016: Aqualis ASA (“Aqualis”) will release its third quarter results for 2016 on Thursday, October 27, 2016 at approximately 07:00 am Central European Time (CET).

A presentation is scheduled the same day at 8:00 am CET at Carnegie’s office at Grundingen 2, 0250 Oslo, Norway. The event will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ web site, www.aqualis.no, at least 10 minutes early to register and to download and install any necessary software.

The earnings release concerning the third quarter 2016 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

For further information, please contact:

Investors and financial media;
Kim Boman, CFO, Aqualis ASA
Telephone: +47 95 96 39 12
Email: kim.boman@aqualis.no

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the oil and gas, wind and solar sectors globally. The group employs experienced consultants across 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.