Braemar Shipping Services Plc ("Braemar") has on19 May 2021 sold 9,640,621 shares inAqualisBraemar LOC ASA ("AqualisBraemar LOC " or the "Company"), representing 10.05% of the Company's outstanding shares and voting rights, at a price ofNOK 9.00 per share. The shares were sold through a bookbuilding process managed bySpareBank 1 Markets AS as sole bookrunner. Following the transaction, Braemar holds 0 shares inAqualisBraemar 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 on14 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 ofAqualisBraemar LOC's Board of Directors, has today acquired 100,000 shares in the Company, at a price ofNOK 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.
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