The Company andBraemar Shipping Services Plc ("Braemar") entered into a share purchase agreement regarding the Company's purchase of the entire issued share capital ofBraemar Technical Services Holdings Limited on13 May 2019 , with certain later amendments (the "SPA"). As part of the consideration under the SPA, the Company issued warrants at its Annual General Meeting held11 June 2019 , giving Braemar the right to subscribe for new shares in the Company subject to certain exercise conditions. Certain amendments to the exercise conditions were approved at the Company's Extraordinary General Meeting held on14 December 2020 . In line with the exercise conditions, Braemar has exercised 1 million warrants, so that the remaining amount of warrants is 0. The 1 million new shares subscribed for at a subscription price ofNOK 0.10 per share, will be submitted for registration in theNorwegian Register ofBusiness Enterprises as soon as possible. For further information, please contact: Investors and financial media;Dean Zuzic , CFO,AqualisBraemar LOC ASA Telephone: +47 414 33 560 AboutAqualisBraemar LOC ASA :AqualisBraemar LOC ASA (OSE: AQUA) offers independent marine, engineering and adjusting consultancy to the global renewables, maritime, and oil and gas sectors. The group has offices in 38 countries worldwide.AqualisBraemar LOC ASA operates under seven brands:AqualisBraemar LOC , OWC, East Point Geo, Innosea, Longitude, JLA and ABL Yacht Services.
Click here for more information
© Oslo Bors ASA, source