Oslo, Norway ,8 January 2024 : Reference is made to the stock exchange notice issued byABL Group ASA ("ABL Group " or the "Company") on14 December 2023 regarding vesting of employee share options as part of the Company's long-term incentive plan ("LTIP"). Participants inABL Group's share option program have on8 January 2024 exercised a total of 4,127,500 options distributed as follows: - 180,000 options issued as part of the LTIP 2019 program at an exercise price ofNOK 3.09 ; and - 3,947,500 options issued as part of the LTIP 2020 program at an exercise price ofNOK 5.26 . Each option gives a right to receive one share in the Company. For more information on the LTIP and outstanding share options, please see the Company's Annual Report as well as the notice to the Annual General Meeting 2023. Following the exercise, the Board of Directors, pursuant to authorisation granted at the Company's Annual General Meeting, has decided to increase the Company's share capital byNOK 412,750.00 by issuing 4,127,500 new shares, of par valueNOK 0.1 . Subsequent to the transaction and the registration of the new shares in theNorwegian Register ofBusiness Enterprises ,ABL Group's share capital will beNOK 12,747,786.70 divided into 127,477,867 shares, each share having a par value ofNOK 0.1 and carrying one vote in the Company's general meeting. The following options are exercised by primary insiders: · 135,000 options are exercised byDavid Wells , board member. Following the transaction, Wells and his close associates will own 1,208,051 shares in the Company. · 135,000 options are exercised by Svein Staalen, General Counsel. Following the transaction, Staalen will own 337,864 shares in the Company. · 100,000 options are exercised byWill Cleverly , CEO of OWC. Following the transaction, Cleverly will own 278,931 shares in the Company. · 160,000 options are exercised by RV Ahilan, Chief Energy Transition Officer. Following the transaction, Ahilan will own 897,705 shares and 100,000 share options in the Company. Ahilan and certain other option holders have transferred their rights to receive shares resulting from the exercised options to a third party. Following a sale of shares, these option holders will receive the net proceeds after deduction of the exercise price and accrued tax. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party in the market. The results of the sales process for Ahilan will be announced in a separate stock exchange notice when known. Primary insider notifications pursuant to the market abuse regulation article 19 are attached. A total of 5,047,500 vested options were not exercised and will be extended by 1 year. After the exercise, the following employee share options remain outstanding: - 450,000 vested share options expiring11 March 2025 , with exercise priceNOK 3.09 ; - 4,597,500 vested share options expiring14 September 2025 , with exercise priceNOK 5.26 ; and - 848,000 share options, vesting11 July 2025 and expiring11 April 2026 , with exercise priceNOK 12.03 . For further information, please contact: Investors and financial media:Haakon Brandrud , Director of Strategy and Corporate Development,ABL Group ASA Email: haakon.brandrud@abl-group.com Other media enquiries:Endre Johansen , Corporate Communications AS Telephone: +47 41 61 06 05 Email: endre.johansen@corpcom.no AboutABL Group ABL Group (OSE:ABL Group ASA - ticker code "ABL") is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil and gas sectors. The group has offices in 41 countries worldwide and operates under four main brands: ABL, OWC, Longitude and AGR.
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