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ABL Group — Share Issue/Capital Change 2023
Dec 14, 2023
3519_rns_2023-12-14_5aa4986f-20b8-428e-9301-7c6a50c4cf59.html
Share Issue/Capital Change
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ABL Group ASA: Vesting under Long-Term Incentive Plan
ABL Group ASA: Vesting under Long-Term Incentive Plan
(Oslo, 14 December 2023) With reference to the stock exchange notice by ABL Group ASA (the “Company” or “ABL Group”) dated 4 May 2021, in which it was announced that ABL Group had granted employee share options as part of the Company’s long-term incentive plan (“LTIP”). The vesting date for these options is today, 14 December 2023.
The following share options have vested today:
8,545,000 share options, held by 121 option holders, with an exercise price of NOK 5.26.
In addition, the following share options have previously vested and been extended:
630,000 share options, held by 13 option holders, with an exercise price of NOK 3.09.
The Company has today opened an exercise window in which option holders may exercise the above share options. The exercise window closes on 8 January 2024 and any exercises will take effect only at the end of the window. Option holders who choose not to exercise during the current window will have their options extended for 1 year and will have the opportunity to exercise these in later exercise windows as decided by the Board of Directors.
Following today’s vesting of employee share options, there are 848,000 unvested employee share options outstanding, vesting on 11 July 2025 at an average exercise price of NOK 12.03.
For more information on the LTIP and outstanding share options, please see the Company’s Annual Report.
ENDS
For further information, please contact:
Investors and financial media:
Haakon Brandrud, Director of Strategy and Corporate Development, ABL Group ASA
Email: [email protected]
Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: [email protected]
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 41 countries worldwide and operates under four main brands: ABL, OWC, Longitude and AGR.