Oslo, Norway, 22 August 2024: Reference is made to the stock exchange notice issued by ABL Group ASA ("ABL Group" or the "Company") on 1 August 2024 regarding potential exercise of employee share options as part of the Company’s long-term incentive plan (“LTIP”).
Participants in ABL Group’s share option program have on 22 August 2024 exercised a total of 1,625,000 options distributed as follows:
- 45,000 options issued as part of the LTIP 2019 program at an exercise price of NOK 2.99; and
- 1,580,000 options issued as part of the LTIP 2020 program at an exercise price of NOK 5.09.
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 2024.
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 by NOK 162,500.0 by issuing 1,625,000 new shares, of par value NOK 0.1. Subsequent to the transaction, ABL Group’s share capital will be NOK 13,010,286.70 divided into 130,102,867 shares, each share having a par value of NOK 0.1 and carrying one vote in the Company's general meeting.
A total of 3,422,500 vested options were not exercised and may be exercised in a later exercise window. After the exercise, the following employee share options remain outstanding:
- 405,000 vested share options expiring 11 March 2025, with exercise price NOK 2.99;
- 3,017,500 vested share options expiring 14 September 2025, with exercise price NOK 5.09; and
- 783,000 share options, vesting 11 July 2025 and expiring 11 April 2026, with exercise price NOK 11.63.
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
About ABL 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 42 countries worldwide and operates under four main brands: ABL, OWC, Longitude and AGR.