AI assistant
ABL Group — Remuneration Information 2015
Apr 20, 2015
3519_iss_2015-04-20_1ac35dd0-72d4-47c4-addb-823f568f072c.html
Remuneration Information
Open in viewerOpens in your device viewer
Aqualis ASA : Share purchase scheme for staff
Aqualis ASA : Share purchase scheme for staff
20 April 2015 - Aqualis ASA is offering employees and exclusive contractors the
opportunity to buy shares in Aqualis ASA through a newly established share
scheme.
The share scheme allows eligible employees, and contractors who are working
exclusively with Aqualis, to subscribe for an annual Restricted Share Award for
a minimum price of NOK 10 000 and a maximum price of NOK 50 000 while the share
scheme is in operation.
Additionally, employees of Aqualis ASA may be offered shares under a separate
Performance Award. The maximum number of shares which can be offered to an
employee annually under a Performance Award ranges from 500 to 10 000, depending
on the employee's job grade at the time of the offer.
All shares purchased under the share scheme are subject to a lock-up period of
two years from the day the shares are transferred to the scheme participants'
VPS accounts. Under the scheme, participants will normally be offered a discount
of 20 percent to the average market price. Offers under the scheme will be made
once a year, ordinarily at the beginning of May; however, in 2015 offers will be
made in June.
The scheme aims to recognize that the services of staff are important to the
development, growth and success of both Aqualis and its customers, and
ultimately contribute towards creating shareholder value.
Shares to be issued under the scheme may be made available from authorized but
unissued shares, treasury shares or shares purchased by Aqualis ASA on the open
market or otherwise. Implementation of the scheme is subject to approval of an
increased share authorization for the scheme at the upcoming Annual General
Meeting in May.
ENDS
For further information, please contact:
Investors
Christian Opsahl, CFO
Tel: +47 901 101 53
E-mail: [email protected]
Media
Endre Aaberg Johansen, Corporate Communications AS
Tel: +47 41 61 06 05
E-mail: [email protected]
About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries,
offers marine and engineering consultancy services to the offshore oil, gas and
renewable sectors globally. The group employs approximately 200 highly
experienced consultants across 13 offices in 10 countries worldwide. Aqualis ASA
operates under two different brands: Aqualis Offshore and Offshore Wind
Consultants. Aqualis Offshore is a specialized offshore marine and engineering
consultancy firm, focusing on the shallow and deep-water offshore segments of
the oil and gas industry. Offshore Wind Consultants is a globally focused
consultancy providing independent services to the offshore renewables industry.
[HUG#1912134]