Approval and publication of the prospectus
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Reference is made to the stock exchange notice release on 11 June 2019 where Aqualis ASA (the “Company”) announced that the annual general meeting of the Company had approved the share issues in connection with the agreement between the Company and Braemar Shipping Services plc (“Braemar”) whereby the Company will acquire the three business lines (Adjusting, Marine and Offshore, jointly “BTS”) from Braemar (the “Transaction”), as announced by the Company on 13 May 2019.
The Financial Supervisory Authority of Norway has approved a prospectus dated 21 June 2019 (the “Prospectus”) in connection with (i) an underwritten rights issue of 8,882,575 new shares in the Company (the “Rights Issue”), (ii) the listing of 4,375,000 shares in the Company issued in a private placement directed towards Braemar (the “Private Placement Shares”), and (iii) the listing of 14,865,621 new shares in the Company issued to Braemar as part consideration for the Transaction (the “Consideration Shares”).
Subject to applicable local securities laws, the Prospectus and the subscription form for the Rights Issue may be downloaded from www.sb1markets.no.
A hard copy of the Prospectus and the subscription form may be obtained from SpareBank 1 Markets, Olav Vs Gate 5, N-0161 Oslo, Norway, tel.: +47 24 14 74 00.
The subscription period for the Rights Issue will commence 24 June 2019 and expire on 8 July 2019 at 16:30 CET. The subscription rights will be tradable from 24 June 2019 until 4 July 2019 at 16:30 CET.
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
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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.